Forex Technical Analysis

[alex22]

copper

 

[alex22]

GOLD

Markets

Gold was at $1,668.30 Vs $1,667.45 on Feb. 1. The price climbed 0.5 % last week. Gold April delivery

declined 0.2 % to $1,667.20 , Silver for immediate delivery dropped 0.3 % to $31.7357 . Palladium advanced 0.2 % to $757.75

 

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OIL
Brent crude rose to a four-month peak on Friday with traders citing optimism about the global economic recovery,while Brent's premium over U.S. oil futures widened nearly $1 a barrel in heavy spread trading.Brent futures for March rose to a high of $117.07 a barrel, its highest since September. Front-month Brent settled up $1.21 to $116.76 a barrel. For the week, Brent futures gained $3.48, or 3 %. U.S. crude gained 28 cents to trade at $97.77,erasing earlier losses. For the week, U.S. crude futures gained $1.89, nearly 2 %.

 

[alex22]

COPPER
Copper rose on Friday as confidence in the outlook for global growth gathered pace, with U.S manufacturing and employment data showing recovery in the world's largest economy is on track. Three-month copper closed at $8,290 a tonne, up from a close of $8,165 on Thursday , when it touched a 3-1/2 month intraday high at $8,291.25 a tonne.

 

[alex22]

Commodities

Copper Climbs to Four-Month High as U.S., China Economies Revive
Platinum Climbs 1.4% to Highest Since October, Palladium Rises
Oil Little Changed After Weekly Advance on U.S., China Outlook
Gold Little Changed as Investors Weigh U.S. Jobs, Growth

 

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eur jpy

pattern : shark

 

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bmw

pattern : alt bat

 

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chf jpy

pattern : shark

 

[alex22]

OIL

Brent crude oil future prices dropped in tandem with equities on Monday as traders locked in profits after three weeks of gains that added around 10 % to oil prices since the beginning of December. Brent fell $1.22 to a low of $115.54 per barrel before recovering slightly to $116.00 not far off a 4-1/2 month high of $117.07 reached on Friday. Brent had risen for three straight weeks.

 

[alex22]

COPPER

Copper futures edged higher on Wednesday after upbeat data from the United States and Europe reinforced expectations the global economy is recovering, boosting the outlook for demand for industrial metals. Three-month copper rose 0.4 % to $8,302.75, its second gain in three sessions.