BASE METAL WRAP: Nickel climbed for the first time in seven days, leading industrial metals higher, on speculation recent losses were excessive and before payroll data from the U.S., the second-biggest consumer.
ENERGY WRAP: Brent crude traded on the brink of a bear market on speculation that Saudi Arabia will maintain output even as supplies from the U.S. and Russia increase and demand slows.
PRECIOUS METAL WRAP: Gold declined in London, with the metal almost erasing this year’s gains as the outlook for higher U.S. interest rates amid an improving economy curbs demand for the metal. Platinum dropped to a five-year low.
GLOBAL EVENTS TO WATCH: Non-Manufacturing PMI, Services PMI, Trade Balance, Non-Farm Employment Change, Trade Balance, Unemployment Rate, Average Hourly Earnings m/m, Final Services PMI, ISM Non-Manufacturing PMI.
CS COPPER (NOVEMBER) OVERVIEW:
RESIST2:427TRADING STRATEGY: SELL ON RISE
CS CRUDE (OCTOBER) OVERVIEW:
RESIST2:5885TRADING STRATEGY: SELL ON RISE
CS GOLD (DECEMBER) OVERVIEW:
RESIST2:27320TRADING STRATEGY: SELL ON RISE
CS SILVER (DECEMBER) OVERVIEW:
RESIST2:39630TRADING STRATEGY: SELL ON RISE
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