December 5, 2016

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

HIGH LIGHTS:-

Gold prices higher in Asia as China surprises with import gains.

Oil extends gains after data shows huge stock draw.

SHFE Copper to Drift Lower.

PRECIOUS METALS:- 

Gold prices rose slightly in Asia on Thursday after China trade data showed an unexpected gain in imports.Gold for December delivery on the Comex division of the New York Mercantile Exchange rose 0.11 to $1,351.05 a troy ounce.

The world’s second largest buyer of the precious metal behind India, China reported a trade balance surplus of $52.05 billion, narrower than the $58.00 billion seen for August with exports down 2.8%, less than the 4.0% decline seen year-on-year, and imports up 1.5%, beating an expected 4.9% drop and making the first gain in 22 months as global commodity prices show signs of a rebound.

CS GOLD (OCT) OVERVIEW:PRECIOUS LEVEL

TREND : BULLISH

RESIST 2: 31670

RESIST 1: 31570

SUP 1: 31200

SUP 2: 31080

CS SILVER (DECEMBER) OVERVIEW:

TREND : BULLISH

RESIST 2: 48200

RESIST 1: 47600

SUP1: 46420

SUP2: 46000

BASE METALS:-

LME copper is expected to range at USD 4,635-4,670/mt on Thursday and SHFE 1611 copper will move between RMB36,450-36,750/mt.

US crude oil inventories for last week and European Central Bank interest rate decision will be a focus of markets today.Russia’s copper exports to non-CIS countries decreased in the first seven months of this year, while aluminum and nickel exports grew.

LME aluminum will move in a wide range of USD 1,580-1,610/mt on Thursday.

BASE METAL LEVELS

CS COPPER (NOVEMBER) OVERVIEW:

TREND : BULLISH

RESIST 2:319

RESIST 1:316

SUP1:311

SUP2:309

CS NICKEL (SEPTEMBER) OVERVIEW:

TREND :BULLISH

RESIST 2:698

RESIST 1:692

SUP1:670

SUP2:665

CS ZINC (SEPTEMBER) OVERVIEW:

TREND :BEARISH

RESIST 2:156.70

RESIST 1:155.80

SUP1:153.00

SUP2:152.30

CS LEAD (SEPTEMBER) OVERVIEW: 

TREND : BEARISH

RESIST 2:129.30

RESIST 1:128.30

SUP1:126.00

SUP2:125.00

CS ALUMINIUM (SEPEMBER) OVERVIEW: 

TREND : BEARISH

RESIST 2:107.00

RESIST 1:106.00

SUP1:104.50

SUP2:104.00

ENERGIES:- 

Oil prices extended gains by more than 1.5 percent on Thursday after industry data showed what might be the largest weekly crude stock draw in over three decades.

U.S. crude stocks surprisingly plunged by 12.1 million barrels last week, data from the American Petroleum Institute showed aftermarket settlement on Wednesday, compared with expectations for an increase of around 200,000 barrels.If official data released from the U.S. government later on Thursday confirms the draw, it would be the largest one-week decline since April 1985.

NYMEX crude for October delivery was up 85 cents at $46.35, having settled the previous session up 67 cents.

ENERGY LEVELS
CS CRUDE OIL (SEPTEMBER) OVERVIEW:   
                        

TREND :BULLISH

RESIST 2:3130

RESIST 1:3110

SUP1:2960

SUP2:2920

CS NATURAL GAS (SEPTEMBER) OVERVIEW: 

TREND :BEARISH

RESIST 2:188.00

RESIST 1:185.00

SUP1:178.00

SUP2:176.00

             CLICK HERE FOR DETAILS – http://blog.capitalstars.com/

suhanisahani

Comments are closed.

NOTE : You are advised to take your position with your sense and judgment.The views and investment tips expressed by users on MCXStar.com are their own, and not that of the website or its management. MCXStar.com advises users to check with certified experts before taking any investment decisions. If any other company also giving same script and recommandation then we are not responsible for that. We have not any position in our given scripts. Visiting our web one should by agree to our terms and condition and disclaimer also. All credit goes to original authors of post on this website. Website owner is not responsible for any loss due to your own decision or judgement. Thanks for Visiting our Website.