December 4, 2016

                                 Best MCX Tips, Commodity Trading Tips, crude oil tips, gold tips, gold trading tips, Indian Share Market Tips, MCX tips services, silver tips,  

HIGH LIGHTS:-

LME Copper to Consolidate at Highs.

Gold prices weaker in Asia as Fed’s Dudley sees rate hike this year.

NYMEX, Brent weaker as API estimates show gasoline build, crude drop.

PRECIOUS METALS:-

Gold dipped in Asia on Wednesday as investors minded remarks from the New York Fed chief that room for rates to rise this year is ample even as prices data shows a steady trend.

On the Comex division of the New York Mercantile Exchange, gold for December delivery fell 0.40% to $1,351.45 a troy ounce.Silver futures for September delivery eased 0.06% to $19.862 a troy ounce.

Overnight, gold ticked up on Tuesday, remaining near 28-month highs, as a key policymaker from the Federal Reserve hinted that a near-term interest rate hike could be possible even as inflationary pressures remain soft.

PRECIOUS LEVEL

CS GOLD (OCT) OVERVIEW:

TREND : SIDEWAYS

RESIST 2: 31600

RESIST 1: 31500

SUP 1: 31250

SUP 2: 31100

CS SILVER (SEPTEMBER) OVERVIEW:

TREND :  SIDEWAYS

RESIST 2: 47100

RESIST 1: 46800

SUP1: 46080

SUP2: 45850

BASE METALS:-

LME copper will fluctuate at highs of USD 4,785-4,835/mt during Asian trading hours Wednesday.Base metals fluctuated in a wide range overnight and diverged. This will continue today.

UK’s unemployment rate due for release today is expected to remain low, meaning the country’s job market is free from UK’s vote to leave the EU. But the sideeffect from the vote is expected to hurt the country’s job market and in turn weigh on the pound.

Atlanta Fed Chairman said US is close to full employment, and it will be feasible for the Fed to raise rates for two times this year. New York Fed Chairman also sees possibility of a Fed rate hike in September, and the Fed is expected to hike rates by over one time before 2017.

BASE METAL LEVELS

CS COPPER (AUGUST) OVERVIEW:

TREND : BEARISH

RESIST 2:325

RESIST 1:323

SUP1:317

SUP2:315

CS NICKEL (AUG) OVERVIEW:

TREND : BEARISH

RESIST 2:706

RESIST 1:694

SUP1:680

SUP2:670

CS ZINC (AUG) OVERVIEW:

TREND : SIDEWAYS

RESIST 2:153.00

RESIST 1:152.00

SUP1:150.00

SUP2:149.00

CS LEAD (AUG) OVERVIEW: 

TREND : BULLISH

RESIST 2:126.40

RESIST 1:125.60

SUP1:123.60

SUP2:122.60

CS ALUMINIUM (AUG) OVERVIEW: 

TREND : BULLISH

RESIST 2:114.50

RESIST 1:113.60

SUP1:111.70

SUP2:110.40

ENERGIES:-

Oil prices fell in Asia on Wednesday in continued reaction to U.S, industry estimates of stockpiles last week that showed gasoline inventories unexpectedly higher even as crude stocks fell.

The American Petroleum Institute reported a bigger-than-expected 1 million-barrel drop in U.S. crude supplies that was unexpected, sources said, but gasoline supplies jumped 2.2 million barrels for the week ended Aug. 12, a worrying demand signal well ahead of the end of the summer driving season.Crude prices remained at their highest level in more than a month on Tuesday, as market players continued to digest market moving comments from Russia energy minister Alexander Novak in the previous session.

ENERGY LEVELS

CS CRUDE OIL (AUGUST) OVERVIEW:   

TREND :BULLISH

RESIST 2:3190

RESIST 1:3150

SUP1:3050

SUP2:3000

CS NATURAL GAS (AUGUST) OVERVIEW: 

TREND :BULLISH

RESIST 2:180.00

RESIST 1:177.00

SUP1:174.80

SUP2:171.50

 CAPITALSTARS

suhanisahani

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