Commodity Outlook for Crude Oil by KediaCommodity

Crude OilCrude oil settled lower as a rising inventories, higher U.S. jobless claims and the dollar's strength helped pressure oil. Saudi Arabia will supply full contracted volumes of crude in May to at least seven Asian term buyers, steady to April levels.  U.S. oil demand in January was revised down by 1.44 percent from the EIA's previous estimate. Now support for the crude is seen at 3757 and below could see a test of 3714. Resistance is now likely to be seen at 3844, a move above could see prices testing 3888.

Trading Ideas:

Crude trading range is 3714-3888.

Commodity Outlook for Silver by KediaCommodity

SilverSilver declined slightly. The gray metal was under pressure from a higher dollar. It also fell a bit more than gold did as participants sell to keep the metal more in line with a popular price ratio between gold and silver. Now technically market is trading in the range as RSI for 18days is currently indicating 64.6, where as 50DMA is at 26345 and silver is trading above the same and getting support at 27258 and below could see a test of 27066 level, And resistance is now likely to be seen at 27652, a move above could see prices testing 27854.

Trading Ideas:

Silver trading range is 27066-27854.

A federal judge asked by Chicago news outlets to make public a key document

A federal judge asked by Chicago news outlets to make public a key documentA federal judge was asked by Chicago news outlets on Thursday to make public a key document filed in the case of impeached former Illinois Gov. Rod Blagojevich.

A motion was filed by the news outlets in U. S. District Court asking Judge James Zagel to unseal a so-called Santiago proffer in the Blagojevich case.

Commodity Outlook for Gold by KediaCommodity

GoldGold ended a hair lower in mixed trade, retreating from the previous session's sharp gains as the market took a breather after rising for five consecutive days.  Profit-taking seen after gold has gained for five straight sessions in the face of a strong dollar. Now technically market is trading in the range as RSI for 18days is currently indicating 58.32, where as 50DMA is at 16676 and gold is trading above the same and getting support at 16703 and below could see a test of 16640 level, And resistance is now likely to be seen at 16817, a move above could see prices testing 16868.

Gold trading range is 16640-16868.

Pit bulls mauled a six months old baby in California

According to some news reports, a 6-month-old baby was mauled by two pit bulls as he sat strapped in a carrier in an apartment his mother was visiting in California.

The Riverside (Calif.) Press-Enterprise has reported that the dogs bit the boy in the scrotum, removing his testicles.

The dogs, a 5-year-old pit bull and an 8-month old pit bull mix, both females, first ripped off the infant's diaper, Murrieta, Calif., Police Sgt. Bob Landwehr said.

The police further said that the mother, Carrie McKinney, 22, of Point Loma was visiting the owner of the dogs, Doug Ritchey, on Saturday. She allegedly left her son in his carrier on the floor in a room with the dogs.

More accusations against ‘noblemen’, this time an ex-bishop sued for alleged abuse

More accusations against ‘noblemen’, this time an ex-bishop sued for alleged abuseThe Canadian Broadcasting Corp. has reported on Thursday that a Canadian man is suing a former Catholic bishop, alleging the cleric sexually abused him in the 1980s.

The CBC further said that Todd Boland claims Raymond Lahey, a former bishop already facing child pornography charges, abused him while he was a resident of the Mount Cashel Orphanage in St. John's.

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