December 3, 2016

Best MCX Tips, Commodity Trading Tips, Copper Tips, crude oil tips, gold trading tips, Mcx Commodity Tips, MCX tips services,

HIGH LIGHTS:-

Brent, NYMEX down in Asia on profit-taking, Baker Hughes rig count ahead.

Gold prices swing slightly higher in Asia after China CPI comes in lower.

SHFE Copper to Move Lower.

PRECIOUS METALS:- 

Gold edged up as it swung between small gains and losses Friday in Asia after consumer prices in China came in lower than expected, capping recent upbeat data in trade and manufacturing from the country that is the second largest importer of the yellow metal.

In China CPI figures came in at a rise of 0.1% month-on-month for August, below the 0.3% gain seen, and at a 1.3% pace year-on-year, well under the 1.7% increase expected. PPI figures came in at a decline of 0.8% year-on-year, less than the 0.9% drop seen.

Gold for December delivery on the Comex division of the New York Mercantile Exchange rose 0.05% to $1,342.25 a troy ounce.

CS GOLD (OCT) OVERVIEW:PRECIOUS LEVEL

TREND : BEARISH

RESIST 2: 31400

RESIST 1: 31300

SUP 1: 31000

SUP 2: 30900

CS SILVER (DECEMBER) OVERVIEW:

TREND : BEARISH

RESIST 2: 47570

RESIST 1: 47200

SUP1: 46400

SUP2: 46000

BASE METALS:-

LME copper is expected to range between USD 4,640~4,680/mt on Friday and SHFE 1611 copper will fluctuate at RMB 36,450~36,750/mt.Base metals closed with gains overnight except for lead, and are expected to diverge today.

China’s August CPI slated for release today is expected to fall due to sharp drop in vegetable prices and narrower increase in pork prices. August PPI should report smaller fall, though, because of rising commodity prices and noticeable growth raw material purchase price.US wholesale and retail sales in July are expected to fall far short of market expectations.

BASE METAL LEVELS

CS COPPER (NOVEMBER) OVERVIEW:

TREND :SIDEWAYS

RESIST 2:319

RESIST 1:316

SUP1:311

SUP2:309

CS NICKEL (SEPTEMBER) OVERVIEW:

TREND :BULLISH

RESIST 2:698

RESIST 1:693

SUP1:678

SUP2:670

CS ZINC (SEPTEMBER) OVERVIEW:

TREND : SIDEWAYS

RESIST 2:155.70

RESIST 1:154.80

SUP1:152.00

SUP2:151.30

CS LEAD (SEPTEMBER) OVERVIEW: 

TREND : BEARISH

RESIST 2:129.30

RESIST 1:128.30

SUP1:126.30

SUP2:125.30

CS ALUMINIUM (SEPEMBER) OVERVIEW: 

TREND : SIDEWAYS

RESIST 2:107.00

RESIST 1:106.00

SUP1:104.50

SUP2:104.00

ENERGIES:- 

Crude prices held weaker on Friday in Asia as investors took profits on sharp gains following bullish U.S. inventories data and looked ahead to an industry report on rig counts in the U.S.

Crude oil for October delivery on the New York Mercantile Exchange fell 0.80% to $47.24 a barrel. On the ICE Futures Exchange in London.

Last week, oilfield services provider Baker Hughes said that the number of rigs drilling for oil in the U.S. rose by 1 to 407, marking the ninth increase in 10 weeks.

Overnight, oil prices extended gains in North American hours on Thursday, rising to the strongest levels of the session after data showed that crude supplies in the U.S. fell by the most since April 1985.

ENERGY LEVELS
CS CRUDE OIL (SEPTEMBER) OVERVIEW:   
                        

TREND :BULLISH

RESIST 2:3250

RESIST 1:3200

SUP1:3110

SUP2:3050

CS NATURAL GAS (SEPTEMBER) OVERVIEW: 

TREND :BULLISH

RESIST 2:192.00

RESIST 1:190.00

SUP1:185.00

SUP2:183.00

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