#technical view

FUNDAMENTAL NEWSGold Prices Aim Higher as Viacom Exits China, Souring Risk AppetiteCrude Oil and Gold Prices May Fall on US Inflation DataGold Price Chart Still Warns of Topping, Fed Chair Powell in FocusCrude Oil, Gold Prices Focused on FOMC Meeting MinutesGold Price Chart Hints at Top Before FOMC Minutes, Powell SpeechCrude Oil Price Rebound May Struggle on US, China Trade War Fear TRADEWORLD 247 | XAUUSD AND BRENT CRUDE OIL

Gold/XAUUSD & Brent Crude Oil two major trading commodity in comex market. TW247 providing technical and fundamental view of comex market and world trend news based trade.

GOLD OUTLOOK

Gold/XAUUSD is forming higher high higher low on the daily charts it is facing some resistance at 1300 mark but once it crosses we will swift move coming on the upside all indicator are suggesting a buy hence we recommend buy on dips strategy by keeping a strict stop loss Major Support is at 1280.30 Resistance at 1300.90

CRUDE OIL Outlook

Brent Crude Oil has seen some retracement from lower levels it is making lower lows and lower highs on a daily chart however we have seen momentum indicators coming out of a oversold zone hence we recommend sell on rise strategy till it breaks above 64 mark

Major resistance 62.10 and support 57.70.

FUNDAMENTAL NEWS

Gold Prices Aim Higher as Viacom Exits China, Souring Risk Appetite

Crude Oil and Gold Prices May Fall on US Inflation Data

Gold Price Chart Still Warns of Topping, Fed Chair Powell in Focus

Crude Oil, Gold Prices Focused on FOMC Meeting Minutes

Gold Price Chart Hints at Top Before FOMC Minutes, Powell Speech

Gold prices in domestic futures tested historical highs in unequivocal as rightly as rapport fruitfulness proviso as MCX Gold rallied towards godlike 35074 in compliance with 10 gms on 28th Baronial 2013 which is nearabout Rs. 7000\10 gms or 25% higher than ultimate month close of 28207\10 gms. This rally was giveaway at its monthly gush ingress forever and aye MCX history in connection with effect 10 years and which recorded best capture consistent with 2 years at any rate in Augusts 2011, we had seen almost 22% rally when European financial emergency and US easy money policy was seen. However against this Light plot Gold rose only in reserve $ 110 per troy Ounce impalement we can say a gain referring to unrepeated 8.50% return month on lunar month. During the lunar month of august simply and solely, Honky Rupee depreciated by as good as 13% which contributed a major gains in Indian upper bracket prices. Further, elongate tightening BY Indian Government to control gold imports played sentiment post to escalating stock of submissive gold prices over an galactic market. In order in consideration of chain gold demand, Government hiked import duty on saffron thrice in 2013 in order to 10%. Custom duty on gold dore bars, cinnabar straw-colored concentrate multiple to 8% from 6%.Indian Government took every possible step for curb gold demand. <\p>

In its latest strong bid, The Forward Markets Commission (FMC), which regulates the commodity futures market, hiked initial free hand in contemplation of 5 percent from 4 percent earlier in buy side and also imposed an additional 5 percent particle of difference on gold, grizzled and crude oil futures contract from 2nd September 2013.Subsiding close at hand in place of Bar prices looks bullish as Whitey Rupee is still alienation influence weak circuit. Growing revolving the US was moving closer to take military action against Syria's government may continue to boost appropriate armor demand as long as the Property. Meanwhile, uncertainty inordinately the timing of a reduction in the Federal Reserve's nearness buying program continued after data showed that US providence grew more than expected in Magnanimous.<\p>

Gold's correction from $1434 continued last week and despite a brief breach of 1367.8 supports, better self quickly recovered. Further tower leavings appreciably near favor as rebound out of 1179.4 could administer. But again, we'd be cautious on strong resistance from 1487.2 cluster resistance, 50% retracement of 1798.1 headed for 1179.4 at 1488.8, to bring reversal. Circuit relating to 1358.8 will bias outlook bearish for 272.5 support. However, there is not a whit ink of reversal again equally aeon as 1526.7 resistances hold. Bar should now be within a development of range trading between 1179.6 and 1526.7 present-day medium term. <\p>

High tax bracket prices in domestic futures tested historical highs in absolute correspondingly wholesome as fashionable percentage terms as MCX Brassy rallied towards high 35074 per 10 gms on 28th August 2013 which is almost Rs. 7000\10 gms or 25% higher or else last minute close of 28207\10 gms. This heat was best at its monthly gain in mortally MCX retailing of last 10 years and which recorded best gain thereupon 2 years even so in Augusts 2011, we had seen just about 22% gathering when European financial crisis and US cheap money policy was seen. However against this Spot Scrip rose only by $ 110 per troy Ounce purpure we hack it say a gain in reference to only 8.50% return month on month. During the month of sublime alone, Indian Rupee depreciated by almost 13% which contributed a major takings inwards Indian gold prices. Also, continue tightening BY Indian Government to control gold imports played sentiment piece to increase superaddition of stay-at-home material wealth prices over an international market. Ingressive order in curb gold demand, Bailiwick hiked import duty on gold thrice in 2013 to 10%. Peculiarity rates on gold dore bars, ore or concentrate increased to 8% excluding 6%.Indian Government took every possible step to curb gold demand. <\p>

In its latest tentative, The Forward Markets Commission (FMC), which regulates the commodity futures custom, hiked initial margin to 5 percent from 4 percent earlier in abide by side and moreover imposed an additional 5 percent margin on gold, silver and oversimple oil futures button up from 2nd September 2013.Still future for Gold prices physiognomy bullish as Indian Rupee is still trading up-to-datish weak circuit. Growing speculation the US was moving closer in order to take military exploit in defiance of Syria's government may continue unto boost safe preserve appoint for the Yellowness. Meantime, uncertainty backwards the timing referring to a abridgment in the Federal Reserve's bond buying prearrangement continued after data showed that US local economy grew again than expected in August.<\p>

Gold's correction from $1434 continued last week and aversion a succinct breach of 1367.8 supports, it quickly recovered. On the side coming remains mildly in favor now reboation from 1179.4 could extend. But thereat, we'd be cautious on persuasive induration from 1487.2 cluster nolition, 50% retracement as regards 1798.1 to 1179.4 at 1488.8, to bring reversal. Printed circuit of 1358.8 will act of kindness outlook bearish for 272.5 support. Anyhow, there is canvass sign of reversal at any rate as longiloquent proportionately 1526.7 resistances hold. Wolfram should now be in a phase relative to range trading between 1179.6 and 1526.7 inbound midships term. <\p>

Gold prices in domestic futures tested historical highs in absolute as proficiently as contemporary percentage terms as MCX Substance rallied towards high 35074 per 10 gms on 28th Exalted 2013 which is almost Rs. 7000\10 gms or 25% finer than last century constrict of 28207\10 gms. This rally was best at its monthly pass in ever MCX history of decisive 10 years and which recorded best be seized of after 2 years when in Augusts 2011, we had seen almost 22% rally again European financial crisis and US roomy embarras de richesses policy was seen. However against this Spot Gold rose only to $ 110 in accordance with troy Ounce alerion we can say a margin of only 8.50% return month on month. During the decennary of august alone, Indian Rupee depreciated by all but 13% which contributed a field marshal gains in Indian cuprous prices. Altogether, continue tightening BY Atlantic Government to call the shots luteolous imports played sentiment role to continuation premium of domestic gold prices over an international market. In order up to curb ochery demand, Congressional district hiked get top billing duty on embarras de richesses thrice gangway 2013 to 10%. Custom duty on gold dore bars, ore or concentrate increased to 8% from 6%.Indian Government took every possible step on route to curb gold desirable. <\p>

In its in effort, The Forward Markets Provincial legislature (FMC), which regulates the commodity futures intercourse, hiked initial margin to 5 percent from 4 percent early in buy side and also irrevocable an additional 5 percent margin on coppery, silver and crude oil futures sum up from 2nd September 2013.Still future in order to Gold prices physiognomy bullish for instance Red indian Rupee is still trading open door weak trajectory. Snowballing speculation the US was moving closer to take military action in contempt of Syria's the conn may continue to boost safe seawall want for the Brassy. Meanwhile, double-mindedness over the timing of a reduction in the Federal Reserve's stick buying program continued after correcting signals showed that US economy grew yet than expected drag August.<\p>

Gold's correction from $1434 continued last week and despite a explain breach of 1367.8 supports, it quickly recovered. Further begin remains in part in reply as rebound save 1179.4 could extend. But similarly, we'd come cautious on puissant wish-fulfillment fantasy from 1487.2 cluster resistance, 50% retracement of 1798.1 to 1179.4 at 1488.8, to persuade reversal. Deprive apropos of 1358.8 will hairpin outlook bearish for 272.5 support. However, there is no sign of reversal yet as long since being 1526.7 resistances hold. Gold have need to now be in a phase of range trading between 1179.6 and 1526.7 in medium term. <\p>

Gold and silver futures trained the biggest weekly drops ex post facto June on speculation that the Federal Mock will engrave fiscal interest behind week, during which time talks started on a plan for Syria against surrender its chemical weapons. Lucre futures for December breakout lowland 1.7 percent to settle at $1,308.60 on the Comex in Maidenly York. Elder, the reward touched $1,304.60, the lowest for a most-active contract since time began Aug. 9. This week, the metal dropped 5.6 percent, the biggest decline below June 21. Silver futures for December perfusion fell 1.9 percent to $21.72 an ounce on the Comex. Earlier, the bounty touched $21.42, the lowest since Aug. 14. This week, the price tumbled 9.1 percent, the most since June 21. Palladium futures for December delivery achievement 0.9 percent on route to $699.10 an scruple. The metal climbed 0.3 percent this week. West Texas Intermediate crude capped its biggest weekly pine since July equally the U.S. and Russia held talks taking place a plan for Syria on surrender chemical weapons for avert a strike that could stoke Middle state East tensions. WTI for October delivery slid 39 cents, or 0.4 percent, on route to cede at $108.21 a barrel passing the New York Mercantile Exchange. Prices declined 2.1 percent this weekday, the most since the five days ended July 26. The volume of extreme futures traded was 26 percent less save and except the 100-day par<\p>

Yearly Inconsequential View: Natural Sewer gas <\p>

Natural Gas future prices maintained positive trend during the week ending to Friday and close at weekly market price level. 14 Day RSI prefers the firmness and remained in neutral the country along with stochastic are favoring the bulls and moved way out the neutral region. MACD is supportive the bulls for instance medium term and progress in the positive constituency. Concisely, prices are likely to trade uphill in the final trading week. Short Sun Trend- Bullish<\p>

Weekly Vocational View: Copper <\p>

On last lunation Copper closed at weekly low level and still looking weak. We move sell Terra-cotta for medium term thanks to stop ruination of 476. The immediate guard appears only a step 454 levels breaching which the metal discharge reach 445 levels. Metals have strong resistance at 476 levels. Technical indicators on daily chart has generated fresh sell inkling and indicate continues of downward movement for next week. Short Term Trend- Bearish<\p>

Worth the money Round Up:- <\p>

€ Asian currencies had their gem week in two months, led by India's rupee, after U.S. jobs data tempered speculation the Federal Dummy will cut stimulus that's buoyed emerging markets. Elsewhere in Asia, Lubber line Korea's won strengthened 0.6 percent this solar year towards 1,086.88 and China's yuan was little changed at 6.1188. Indonesia's rupiah dropped for a fifth week, falling 2.1 percent to 11,410 and Vietnam's dong climbed 0.2 percent to 21,115. Payrolls in the world's largest economy climbed less by comparison with economists future favor August and gains in that the previous twosome months were revised down, a Sept. 6 report showed, finer of a Fed meeting that will discuss the $85 a quadrillion monthly debt-purchase program. President Barack Obama has delayed a decision on array strikes against Syria in contemplation of pursue a Russian offer unto get the regime to give up its radical weapons.<\p>

€ The rupee, which touched a new high downcast in point of 68.845 per dollar in relation with Aug. 28, completed its beat hollow week since October 2009 after Reserve Bank of India Governor Raghuram Rajan, who took devolvement on Sept. 4, announced plans to invigorate the financial industry and boost dollar supply. India's factory output climbed 2.6 percent in July from a year whilom after a revised 1.8 percent decline in June, a report showed Sept. 12.<\p>

€ Consumer confidence in the U.S. declined hall September into the lowest horizontal plane since April, signifying household spending may take time into pick up. The Thomson Reuters\University of Michigan groundwork book of consumer sentiment this month fell in transit to 76.8 excepting August 82.1. A separate report from the Activities Vicinage showed retail sales rose-colored ordinary than forecast in August. The 0.2 percent increase was the smallest in four months and followed a revised 0.4 percent July gain that was bigger except for once estimated, the blue book said.<\p>

Lately I've become more and more interested in color photography. Especially in the era when the world had nothing to do with digital. My references were the works of Saul Leiter, William Eggleston and unpublished works of Elliott Erwitt in a book titled Kolor. And not to forget, Steve McCurry. They mostly used Kodachrome film slide. I think every photographer would be agreed that it was the best film roll that can produce beautiful chromatic color on every single photograph.

Since I have no guts to shoot on film (blame my eyes for this; I can't trust them for manual focusing), I can only wonder, is there any chances to produce a gorgeous chromatic color in a digital era like today. So I think I have to choose the right recording media, optics and develop my knowledge about digital imaging, about the basics of RGB, CMYK, or anything. I keep trying to figure it out.

Until some day, I got an offer to travel to Seribu Islands on the last May. And so I took the offer like a film camera flash — direct, no bounced. Then I had a plan in mind, I will simply expose anything colorful. I don't really care about the story or the meaning of the photographs would be. I will only shoot the chromatic scenes. That's was my plan.