Gold Comex Live Report Below $1,245 Level No Buying,
Comex Gold Down Side Support $1,218 Level
Technical Power of CFA’s
(CHARTRED FINANCE ANALYST)
“No Magic, No Miracle, Just Power of Level”
Neal Bhai Reports (NBR) By CFA’s and MFA’s Technical Team
Mobile No. 9582247600 & 9899900589
The EIA reported on Thursday that net injections fall lower than the five-year average. Net injections into storage totaled 58 Bcf for the week ending October 19, compared with the five-year average net injections of 77 Bcf and last year’s net injections of 63 Bcf during the same week. Working gas stocks totaled 3,095 Bcf, which is 624 Bcf lower than the five-year average and 606 Bcf lower than last year at this time.
Gold Silver Reports (GSR) — The $14.50 level above has shown itself to be very resistive, but that’s nothing new. I believe that we continue to bounce around and show signs of volatility in this market, and I think that should continue to be overly difficult to hang onto a trade.