Summit Capital

15/04/2014

Gold Silver & Oil Rate or Economic data apnay cell per hasil karnay kay liay apny Cell say sms karain (Follow summitcommodity likh kar 40404 per)

For More Details : UAN: +9221-111-226-100 – Ext 605 Dir Ph: +9221-38287156-7

SUMMIT CAPITAL ( PVT ) LIMITED Leading Brokerage Financial Services Group.
Providing Complete Online Trading Facilities In Metals and Commodities.

27/03/2014

Summit Commodity introduced Free Advice Desk for All
Highly Experienced Trading Team Manage Summit Advice Desk
Advice how to trade and manage your Risk
Technical & fundamental support
And all your queries regarding Gold, Silver, & Oil Trading
Call Timing 10:30AM TO 9:00PM
UAN: +9221-111-226-100 – Ext 605 Dir Ph: +9221-38287156-7

SUMMIT CAPITAL ( PVT ) LIMITED Leading Brokerage Financial Services Group.
Providing Complete Online Trading Facilities In Metals and Commodities.

24/03/2014

According to the current technical chart below It seems that crude oil may remain bullish on intraday basis. If further holds above 99.20 area, it may resume north towards 100.20 and above

24/03/2014

21/03/2014

As per Market`s current technical scenario, it seems that gold may resume further north towards 1347 and then 1353 on intraday basis. We may long by placing the stop at or below 1332

21/03/2014

Possible challenges to traders today is the following:

1. FOMC Member Fisher Speaks at 1:45 PM EST. This is major.
2. No major economic reports to speak of.
3. Lack of major economic news.

21/03/2014

Yellen Comments Reversed

Initial Conclusion: This is not a correlated market. The dollar is down- and oil is up+ which is normal but the 30 year bond is trading higher. The Financials should always correlate with the US dollar such that if the dollar is lower then bonds should follow and vice-versa. The indices are higher and the US dollar is trading down which is correlated. Gold is trading higher which is correlated with the US dollar trading down. I tend to believe that Gold has an inverse relationship with the US Dollar as when the US Dollar is down, Gold tends to rise in value and vice-versa. Think of it as a seesaw, when one is up the other should be down. I point this out to you to make you aware that when we don't have a correlated market, it means something is wrong. As traders you need to be aware of this and proceed with your eyes wide open.

21/03/2014

US Dollar –Down at 80.315, the US Dollar is down 38 ticks and is trading at 80.315.

Energies – May Oil is up at 99.03.
Financials – The June 30 year bond is currently is up 7 ticks and trading at 132.09.
Indices – The June S&P 500 emini ES contract is up 24 ticks and trading at 1872.00.
Gold – The April gold contract is trading up at 1339.40 and is up 93 ticks from its close.

21/03/2014

METALS Pattern Signals Prior Day Pivot System S&R Range: Normal/Ext.
Gold
Apr GCJ4 NR4 Signal
2 Day ROC Buy H 1335.3
C 1330.5
L 1320.8 R3 1349.8 R2 1343.4 R1 1336.9
DP 1328.9
S1 1322.4 S2 1314.4 S3 1307.9 Hi 1337.8 1343.3
Low 1323.3 1317.7
Silver
May SIK4 High Breakout Cont. Setup H 20.730
C 20.430
L 20.140 R3 21.320 R2 21.023 R1 20.727
DP 20.433
S1 20.137 S2 19.843 S3 19.547 Hi 20.725 20.950
Low 20.135 19.910
Copper
May HGK4 Inside Day
2 Day ROC Sell
Low Range Close
Momentum Pinball Buy H 2.9960
C 2.9285
L 2.9135 R3 3.0785 R2 3.0285 R1 2.9785
DP 2.9460
S1 2.8960 S2 2.8635 S3 2.8135 Hi 2.9698 3.0013
Low 2.8872 2.8557

19/03/2014

Fed Tapering

The Fed, which cut monthly bond buying by $10 billion at the prior two meetings, will trim purchases by another $10 billion to $55 billion, and continue on that pace at every meeting before announcing an end to the program at its Oct. 28-29 gathering, according to the March 14-17 survey.

18/03/2014

Putin Says Russia Doesn’t Want Ukraine Split After Crimea