U.S Metal Preview
U.S Agri Preview
Summary:

Gold prices were steady on Thursday, having earlier hit their highest in nine months, after the U.S. Federal Reserve kept interest rates steady and said it would be patient on further hikes, keeping bullion on track for a fourth straight monthly gain. Spot gold has gained nearly 3 percent so far this month.

Comex Gold Strategy:
  • Trader may long near 1,318 with stop loss on or below 1,315 and profit target near 1,331.
Summary:

Chicago Board of Trade soybean futures closed lower in largely technical moves on Thursday, falling to the day’s lows toward the close on end-of-month selling, traders said.

CBOT Soybean Strategy:
  • Trader may long near 927.25 with stop loss on or below 925.50 and profit target near 932.00.
  • Trader may long near 922.50 with stop loss on or below 919.75 and profit target near 926.50.
  • Trader may short near 914.00 with stop loss on or above 916.00 and profit target near 910.00.
CBOT Soybean Oil Strategy:
  • Trader may long near 30.20 with stop loss on or below 29.98 and profit target near 30.60.
  • Trader may long near 30.05 with stop loss on or below 29.85 and profit target near 30.50.

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