GIVE MISS CALL ON :- +91 99774 99927

CAPITALSTARS – MCX COMMODITY MARKET LEVELS – 8 FEB 2019

Commodities-Market-1

Gold Sees Steady Fund Flows.
COMEX Gold recovered in intraday moves yesterday. The commodity started on a soft note amid broad dollar strength as the US Dollar Index soared to a fresh 2 week of 96.50, rising for sixth consecutive session. The yellow metal cut losses on signs of steady fund buying though. Weak equities also supported the metal. The COMEX Gold futures currently trade flat at $1313 per ounce. MCX Gold futures closed at Rs 33139 per 10 grams, down 0.50% on the day as the INR hit a one week high of 71.30 per US dollar.

Crude Tumbles As EIA Downplays Impact Of Venezuelan Sanctions.
Crude oil tumbled after the US Energy Information Administration (EIA) downplayed the effect of Venezualan crisis on the broad oil markets. WTI Crude futures fell nearly 3% to end at 52.50 per barrel as weakness in equiteis weighed further. The counter extended losses today and currently trades at $52.20 per barrel, down 0.80% on the day. MCX Crude oil ended at Rs 3727 per barrel, down around 3.8% on the day.

Copper Eases On Weak Equities.
COMEX Copper futures slipped following heavy correction in US and European stocks. The red metal eased as a drop from two month high extedned. The metal currently trades at $2.82 per pound, down 0.39% on the day. MCX Copper futures ended just above Rs 446 per kg mark, down 0.68% on the day. Gains in Indian Rupee also hurt local futures.

PRECIOUS METALS
CS GOLD (APR) OVERVIEW:
TREND : BEARISH
RESIST 2: 33400
RESIST 1: 33300
SUP 1: 33000
SUP 2: 32900

CS SILVER (MAR) OVERVIEW:
TREND : BEARISH
RESIST 2: 40100
RESIST 1: 40000
SUP 1: 39800
SUP 2: 39700

BASE METALS
CS COPPER (FEB) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 452.00
RESIST 1: 450.00
SUP 1: 444.00
SUP 2: 442.00

CS NICKEL (FEB) OVERVIEW:
TREND : BEARISH
RESIST 2: 934.00
RESIST 1: 928.00
SUP 1: 916.00
SUP 2: 910.00

CS ZINC (FEB) OVERVIEW:
TREND : BEARISH
RESIST 2: 198.00
RESIST 1: 196.00
SUP 1: 194.00
SUP 2: 192.00

CS LEAD (FEB) OVERVIEW:
TREND : BEARISH
RESIST 2: 150.00
RESIST 1: 149.00
SUP 1: 147.00
SUP 2: 146.00

CS ALUMINIUM (FEB) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 138.00
RESIST 1: 136.00
SUP 1: 134.00
SUP 2: 132.00

ENERGY
CS CRUDE OIL (FEB) OVERVIEW:
TREND : BEARISH
RESIST 2: 3950
RESIST 1:3840
SUP 1: 3660
SUP 2: 3590

CS NATURAL GAS (FEB) OVERVIEW:
TREND : BEARISH
RESIST 2: 197.00
RESIST 1: 190.00
SUP 1: 180.00
SUP 2: 175.00

CapitalStars Provides Free Trial To Our Client

Leave a Reply

Checking...

Ouch! There was a server error.
Retry »

Sending message...

FREE TRIAL REQUEST


CapitalStars FORUM