Gold is glued to FOMC meet outcome on September even as recent easing of prices taking cues from external markets, Barclays said.Easing of geo-political tensions and likely Fed tapering have already weakened prospects for gold. Higher equities as evidenced by rise n S&P Index, negative correlation between 10 year US Treasury yields and US dollar continue to have downward impact on prices
GOLD (5 OCT.) TREND: CONSOLIDATE
RES 1: 29930
RES 2: 30270
SUPP 1: 29400
SUPP 2: 29000
STRATEGY: SELL ON HIGHS
SILVER (5 DEC.) TREND: CONSOLIDATE
RES 1: 49900
RES 2: 50420
SUPP 1: 48860
SUPP 2: 48000
STRATEGY: SELL ON HIGHS
CRUDEOIL (21 OCT.) TREND: BEARISH
RES 1: 6710
RES 2: 6770
SUPP 1: 6600
SUPP 2: 6550
STRATEGY: SELL ON HIGHS
COPPER (29 NOV.) TREND: BEARISH
RES 1: 460.00
RES 2: 465.00
SUPP 1: 455.00
SUPP 2: 451.00
STRATEGY: SELL ON HIGHS
LEAD (30 SEP.) TREND: BEARISH
RES 1: 129.10
RES 2: 130.00
SUPP 1: 127.90
SUPP 2: 127.00
STRATEGY: SELL ON HIGHS
ZINC (30 SEP.) TREND: BEARISH
RES 1: 116.70
RES 2: 117.50
SUPP 1: 115.60
SUPP 2: 115.00
STRATEGY: SELL ON HIGHS
ALUMINIUM (30 SEP.) TREND: BEARISH
RES 1: 110.90
RES 2: 111.60
SUPP 1: 109.80
SUPP 2: 109.00
STRATEGY: SELL ON HIGHS
NICKEL (30 SEP.) TREND: BEARISH
RES 1: 880.00
RES 2: 900.00
SUPP 1: 860.00
SUPP 2: 850.00
STRATEGY: SELL ON HIGHS
NATURAL GAS (25 SEP.) TREND: CONSOLIDATE
RES 1: 240.50
RES 2: 244.00
SUPP 1: 232.50
SUPP: 228.00
STRATEGY: BUY ON DIPS
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