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Crude oil rose after a report showed that Chinese refining climbed to a record in April as domestic demand climbed. The Organization of Petroleum Exporting Countries left its 2010 world oil demand forecast unchanged saying that demand would grow 0.9 million barrels/day or 1.1%. Now support for the crude is seen at 3415 and below could see a test of 3371. Resistance is now likely to be seen at 3507, a move above could see prices testing 3555.

Trading Ideas:

Crude trading range is 3367-3551.

Crude oil advances after report shows record volume of Chinese refining

OPEC leaves 2010 world oil demand forecast unchanged

Silver closed sharply higher, with speculative and investment buying picking up along with the safe-haven flows into gold. Holdings in the world's largest silver ETF, the iShares Silver Trust, are rising even though they remain below the record high. Holdings as of Monday stood at 9,087.72 metric tons after a jump from 8,912.94 a week ago. Now technically market is trading in the range as RSI for 18days is currently indicating 66.65, where as 50DMA is at 27566 and silver is trading above the same and getting support at 28714 and below could see a test of 27929 level, And resistance is now likely to be seen at 29939, a move above could see prices testing 30379.

Gold prices ended higher over renewed concerns of Europe’s indebtedness and that the EU loan fund may not be enough to stem the contagion, Strong buying in the aftermarket took Gold to new all time highs. Now technically market is trading in the range as RSI for 18days is currently indicating 69.72, where as 50DMA is at 16820 and gold is trading above the same and getting support at 17685 and below could see a test of 17472 level, And resistance is now likely to be seen at 18075, a move above could see prices testing 18252.

Trading Ideas:

Gold trading range is 17373-18153.

Gold ended higher amid doubts over EU bailout

A new study has concluded that a shot of caffeine can reduce mistakes made by drowsy shift workers.

The study by Cochrane researchers has implications for health workers and for any industry relying on shift or night work, such as transportation.

It has been reported that more than 15 percent of workers in industrialized countries are involved in some shift or night time work, which may upset natural circadian rhythms or ''body clocks''.

Officials have said that China's epidemic of stabbing attacks continued Wednesday with an assailant killing seven children and wounding many more at a school.

Authorities said the attack occurred about 8 a. m. at a kindergarten in Hanzhong City in northwestern China's Shaanxi province, the state-run news agency Xinhua has reported.

A local official also said that besides those slain, at least 20 children were injured.

Liu Xiaoming, a local publicity official, said, "The injured have been rushed to hospital."

Authorities said, after the pair was rescued, a mother faces charges after jumping into New York's Hudson River with her baby daughter.

The New York Daily News has reported that the 33-year-old woman apparently had been distraught after fighting with her husband and tried to kill herself and her 18-month-old child.

The woman removed the child from a stroller, climbed over a short fence and leaped into the river about 11:30 a. m. Tuesday, witnesses told the newspaper.