GIVE MISS CALL ON :- +91 99774 99927

MCX COMMODITY MARKET NEWS & LEVELS – 14 SEP 2017

Commodities-Market-1

Gold Drifts Lower In Asia With India Demand Cues Awaited – Gold prices dipped in Asia on Thursday with demand cues sought from the upcoming festival season in India with festivals such as Diwali often seeing a spurt in buying. Overnight, gold prices fell for a third day in a row, pressured by a sharp rise in the dollar as investors continued to flee safe-haven assets amid a decline in geopolitical uncertainty. Gold prices remained on track to suffer their longest losing streak in more than month as appetite for safe-haven investments continued to fade, underpinning a move higher in both the dollar and treasury yields. Dollar-denominated assets such as gold are sensitive to moves in the dollar – A stronger dollar makes gold more expensive for holders of foreign currency and thus, reduces demand. Some analysts, however, viewed gold’s recent slump as transitory and highlighted that lower prices would attract buyers, supporting a recovery in the precious metal. Geopolitical trouble hasn’t disappeared and the U.S. political landscape is still fraught with difficulties.

Global Lead Supply Shortages Expand in July – Global lead supply market reported bigger shortages in July, according to International Lead and Zinc Study Group (ILZSG). In July, the shortages expanded to 36,000 tonnes, according to the data, up from 9,400 tonnes in June. The shortages reached 109,000 tonnes from January to July 2017, compared with a glut of 42,000 tonnes seen the same period of last year.

NBS: China August Aluminum Output Hits Lowest since April 2016 – China’s aluminum output fell for two consecutive months to the lowest level since April 2016 in August, according to the National Bureau of Statistics (NBS). The country’s aluminum output was 2.64 million tonnes in August, down 3.7% year-on-year and below July’s 2.69 million tonnes. Aluminum Stocks in China Seven Major Markets Begin to Fall from Peak, SMM Says.

 Crude Oil Down In Asia As EIA Data Drags On Sentiment – Crude oil fell in Asia on Thursday as data on U.S. inventories hit sentiment and investors shrugged off mildly positive figures from China on refinery runs. Overnight, oil prices settled higher on Wednesday, as bearish data showing U.S. supplies of crude oil rose more than expected was overshadowed by a report from the International Energy Agency estimating global oil demand this year will climb by the most since 2015. A report from the Energy Information Administration (EIA) showing crude stockpiles rose more than expected last week threatened to derail earlier gains, following a bullish report from the International Energy Agency (IEA) on oil demand growth.The bigger-than-expected draw in gasoline stockpiles comes after heavy flooding due to storm Harvey knocked out nearly quarter of the U.S. refining capacity in August. Crude prices recorded their largest one-day gain of the week, following data from the Opec and IEA on Tuesday and Wednesday, respectively, pointing to an uptick in global oil demand.

Precious Metals

CS GOLD (OCT) OVERVIEW:
TREND : SIDEWAYS

RESIST 2: 30200

RESIST 1: 30050

SUP 1: 29700

SUP 2: 29550

CS SILVER (DEC) OVERVIEW:
TREND : SIDEWAYS

RESIST 2: 41700

RESIST 1: 41400

SUP1: 40500

SUP2: 40200

SUP2: 40500

Base Metals

CS COPPER (NOV) OVERVIEW:
TREND : BEARISH

RESIST 2: 433.00

RESIST 1: 430.00

SUP1: 418.00

SUP2: 415.00

CS NICKEL (SEP) OVERVIEW:

TREND : SIDEWAYS

RESIST 2: 745.00

RESIST 1: 740.00

SUP1: 715.00

SUP2: 710.00

CS ZINC (SEP) OVERVIEW:
TREND : BEARISH

RESIST 2: 200.00

RESIST 1: 198.00

SUP1: 191.00

SUP2: 189.00

CS LEAD (SEP) OVERVIEW:
TREND : BEARISH

RESIST 2: 151.00

RESIST 1: 149.00

SUP1: 144.00

SUP2: 142.00

CS ALUMINIUM (SEP) OVERVIEW:
TREND : SIDEWAYS

RESIST 2: 137.00

RESIST 1: 136.00

SUP1: 133.00

SUP2: 132.00

Energies

CS CRUDE OIL (SEP) OVERVIEW:
TREND : BULLISH

RESIST 2: 3230

RESIST 1: 3190

SUP1: 3110

SUP2: 3070

CS NATURAL GAS (SEP) OVERVIEW:
TREND : BULLISH

RESIST 2: 203.00

RESIST 1: 200.00

SUP1: 193.00

SUP2: 190.00

Commodity Market TipsMCX Copper TipsCrude oil tips Financial Advisory Company in IndoreStock Advisory Company in Indore , Equity Tips  Free Trading Tips  , MCX Tips , sebi registered advisory company , Free Trading tips

CapitalStars Provides  Free Trial To Our Client…

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

Leave a Reply

Your email address will not be published. Required fields are marked *

Checking...

Ouch! There was a server error.
Retry »

Sending message...

FREE TRIAL REQUEST


CapitalStars FORUM