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  • Squawk / 4 hours ago
    Head of Commodity Strategy / Saxo Bank
    Denmark
    Gold has paused ahead of a band of resistance between $1350 and $1357/oz. A renewed rise in dollar and bond yields the trigger with silver leading the weakness following a mini crash of 3% yesterday. Gold support at $1331 and $1326.5.
    Focus: US Congressional talks to avoid a government shutdown on Friday.

    Brent crude struggling to hold onto $70/b as the EIA forecast a February increase in US shale oil production of 111,000 b/d.
    Focus: OPEC’s monthly oil market report, China data and EIA's stock and production report all due Thursday. Surveys pointing to a ninth weekly stock draw. First key level of support on Brent at $66.8/b (chart)

    HG Copper has steadied after technical selling took it back to support at $3.18/lb. A stronger dollar, lower oil prices and long-liquidation combined with a big drop in Aluminum seen as drivers. Support at $3,18 and $3,14/lb
    Focus: Thursday's deluge of Chinese data including GDP, retail sales, industrial production and fixed asset investments.
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  • Squawk / 9 hours ago
    Technical Analyst in Financial Market / commoditymarket2008 Advisory Services
    India
    Spot Gold Trading View: now having resistance zone 1345, above holding means 1352 & 1360 easily looking other wise again come down up to 1332 & 1325...
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  • Squawk / Yesterday at 10:04 GMT
    Technical Analyst in Financial Market / commoditymarket2008 Advisory Services
    India
    Spot Gold Trading View: as per my view, hit 1st target 1334, safe traders book profit & rest wait for 1327...
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  • Squawk / Yesterday at 4:50 GMT
    Technical Analyst in Financial Market / commoditymarket2008 Advisory Services
    India
    Spot Gold Trading View: now having resistance zone 1348, above holding means 1354 & 1361 easily looking other wise again come down up to 1334 & 1327...
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  • Squawk / Yesterday at 4:35 GMT
    Technical Analyst in Financial Market / commoditymarket2008 Advisory Services
    India
    Spot Gold Trading View: now having 1348, above holding means 1354 & 1361 easily looking other wise again come down up to 1334 & 1327...
    Read the Squawk
    1d
    commoditymarket2008 commoditymarket2008
    Spot Gold Trading View: now having resistance zone 1348, above holding means 1354 & 1361 easily looking other wise again come down up to 1334 & 1327......
  • Article / Monday at 14:03 GMT

    Gold taking full advantage of current dollar weakness — #SaxoStrats

    Head of Commodity Strategy / Saxo Bank
    Denmark
    Gold taking full advantage of current dollar weakness — #SaxoStrats
    Gold has now moved within striking distance of the next area of resistance. Despite overstretched momentum indicators a correction remains elusive at this stage with gold being supported by continued dollar weakness and steady real yields amid rising inflation focus. Tail end protection against the risk of a stock market correction also seen as a factor.
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  • Article / Monday at 8:44 GMT

    COT: Oil longs, grain shorts and pace of gold buying hits record

    Head of Commodity Strategy / Saxo Bank
    Denmark
    COT: Oil longs, grain shorts and pace of gold buying hits record
    Hedge funds increased bullish bets across 25 major commodities futures by 13% to 1.7 million lots in the week to January 9. Once again the buying was concentrated in crude oil and gold. Short-covering in sugar and coffee supported a net purchase of soft commodities while bearish bets on key crops reached a new record.
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