No charm seeing in metal and energy segment.
So try to trade in a range
with in and out strategy.
Anything seems will update.
As expected... thin trading continues. Now we will expect volatility in evening session
especially after 6.45 PM.
Today's data and event:
ADP Non farm employment change data. Previous data stood at 182k and
this time forecast is of 191k. Forecast figure seems to be negative for
bullion.
After that... Revised non farm productivity q/q basis and Revised unit
labor cost at 7 pm. Forecast figure seems to be negative for bullion.
Crude oil inventory at 9pm. Previous data stood at 1.0 M and this time
forecast is of -0.6 M. Forecast figure seems to be slightly positive for Crude
oil but trade with levels only.
Along with it there is FED chair Yellen speech at 10.55 PM.
Metal segment looks weak on charts and any sharp rise will be selling
opportunity but trade with levels only.
Be cautious at upper levels while Crude
oil too looks weak on charts.
High volatility expected in evening session.
So trade safely with levels
only.
More will update after data updates.
