S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
A nearly 3% increase in oil futures today is putting pressure on precious metals prices and supporting ongoing profit-taking after the recent rebound in the metals market. Yields on U.S. Treasuries are rising today by more than 2 basis points for both 10-year and 5-year bonds. The U.S. dollar index has had a “strong” run, rebounding from 98 to 98.55 over the past several hours. GOLD, SILVER, OIL charts (H1) Gold has pulled back from nearly $4,900 to $4,600 per ounce, and it appears that if this trend continues, levels around $4,300–$4,400 per ounce cannot be ruled out.
Source: xStation5 Silver has declined by 12% from its local highs and is hovering near $73 per ounce – about 40% below the $120 per ounce seen at the turn of January and February.
Source: xStation5 Oil prices have dropped from around $112 to approximately $103.7 per barrel, following a strong rebound from about $83 per barrel. The 71.8 Fibonacci level now appears to be acting as a significant resistance.
Source: xStation5
