GIVE MISS CALL ON :- +91 99774 99927

MCX COMMODITY MARKET NEWS & LEVELS – 21 APR 2017

images

Yukon Gearing Up For another Gold Rush as Majors Stake Their Claims. 

More than 100 years after the original gold rush that put the Yukon on the map, Canada’s western territory is gearing up for what some are expecting will be another important era in the region’s gold production. It has been almost a year since Goldcorp stepped into the Yukon, purchasing Kaminak Gold for more than $500 million. Since then two other majors have staked a claim in the territory in December. Agnico Eagle invested more than $14.5 million for a 20% stake in White Gold Corp., which has one of the largest exploration land packages in the Yukon. Finally, last month Newmont Mining announced it would spend $39.5 million to explore and develop Gold strike’s Plateau property.

According to Yukon mining executives, the growing interest from major mining companies has created renewed excitement to develop the region’s resource and many of them are capitalizing on this newfound interest.

Chalco Hikes Aluminum Prices Sharply in Major Markets on Apr. 21. 

China Aluminum International Trading Co. (Chalco Trading) raised aluminum prices it offered in major markets notably today after big cuts yesterday, it said on its WeChat.

Freeport Indonesia Workers Plan Month-Long Strike, SMM Reports.  Freeport McMoran Inc Indonesia workers plan to launch a month-long strike against layoff from May 1, as the company slashed production in the time of a contract dispute with Indonesian government, according to foreign media.

Oil prices set for biggest weekly drop in a month.  

Oil traded steady on Friday, though it was set for its biggest weekly drop in about a month over doubts that an OPEC-led production cut will restore balance to a market that has been dogged by oversupply for more than two years. Reuters’ technical analyst Wang Tao said that WTI had support just above $50 per barrel, while Brent had support around $52.55. stable prices on Friday followed a more-than-3.5 percent fall in both benchmarks earlier this week as doubts emerged over the effect of an effort led by the OPEC to cut production by almost 1.8 million barrels per day (bpd) during the first half of the year.

The chief executive of France’s oil major warned this week that prices could fall further due to rising U.S. production.

Precious Levels

CS GOLD (JUNE) OVERVIEW: 

TREND : BULLISH

RESIST 2: 29550

RESIST 1: 29400

SUP 1: 29100

SUP 2: 29000

CS SILVER (MAY) OVERVIEW: 

TREND : BEARISH

RESIST 2: 42300

RESIST 1: 41800

SUP1: 41000

SUP2: 40700

Base Metal Levels

CS COPPER (APRIL) OVERVIEW: 

TREND : BULLISH

RESIST 2:375

RESIST 1:370

SUP1:360

SUP2:356

CS NICKEL (APRIL) OVERVIEW: 

TREND : BEARISH

RESIST 2:635

RESIST 1:625

SUP1:600

SUP2:590

CS ZINC (APRIL) OVERVIEW: 

TREND : BULLISH

RESIST 2:175.50

RESIST 1:173.00

SUP1:165.00

SUP2:163.00

CS LEAD (APRIL) OVERVIEW: 

TREND : BEARISH

RESIST 2: 144.00

RESIST 1: 142.50

SUP1: 137.00

SUP2: 135.00

CS ALUMINIUM (APRIL) OVERVIEW: 

TREND : BULLISH

RESIST 2: 129.50

RESIST 1: 128.00

SUP1: 123.00

SUP2: 122.00

Energy Levels

CS CRUDE OIL (MAY) OVERVIEW: 

TREND : BEARISH

RESIST 2:3420

RESIST 1:3380

SUP1:3250

SUP2:3200

CS NATURAL GAS (APRIL) OVERVIEW: 

TREND : SIDEWAYS

RESIST 2:214.00

RESIST 1:210.00

SUP1:203.00

SUP2:200.00

Commodity Market TipsMCX Copper TipsMCX TipsCrude oil tipsNifty Options Tips,Stock Market LiveFinancial Advisory Company in IndoreStock Advisory Company in Indore

CapitalStars Provides 2 Days 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