Commodity Updates by Pinnacle Financial Services

Gold edged up on Monday, as the dollar retreated after weaker-than-expected U.S. data, but stayed close to a one-month low with investors focused on speeches by Federal Reserve officials that could give more clues on potential interest rate increases.

London copper opened a tad firmer on Tuesday after a long Easter holiday break, buoyed by a weaker dollar and encouraging industrial profits in top metals user China.

Crude futures were relatively flat on Monday in thin post-Holiday trading, as investors continued to drag their feet ahead of next month's highly-anticipated meeting between OPEC and Non OPEC members which could result in the oil cartel's first deal with producers outside the group in more than 15 years.

[b]Trading Suggestion For Today[/b]
Sell Silver May below 36500, Target 36200 and 35900 with Stop loss at 36801. Technically Silver is weak on charts and sustaining below crucial level of 36900. While ADX, CCI, Money flow index and MACD indicate good selling opportunity in it. So, traders should go for sell on higher level strategy.