December 8, 2016

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

HIGH LIGHTS:-

LME Copper to Move Lower.

Gold prices fall in Asia as investors await Fed decision on rates.

Brent, NYMEX gain after API figures show lower than seen crude build.

PRECIOUS METALS:- 

Gold price eased in Asia on Wednesday after an initial gain as investors await the Federal Reserve’s latest decision on interest rates at next week’s FOMC meeting.

Gold for December delivery on the Comex division of the New York Mercantile Exchange fell 0.24% to $1,320.55 a troy ounce.

Overnight, gold prices inched higher for the first time in five sessions on Tuesday, as investors continued to weigh up prospects for future U.S. interest rate increases following the latest comments from Federal Reserve officials.

CS GOLD (OCT) OVERVIEW:PRECIOUS LEVEL

TREND : SIDEWAYS

RESIST 2: 31280

RESIST 1: 31120

SUP 1: 30950

SUP 2: 30800

CS SILVER (DECEMBER) OVERVIEW

TREND :  BEARISH

RESIST 2: 46400

RESIST 1: 46140

SUP1: 45050

SUP2: 44650

BASE METALS:-

LME copper should range between USD 4,635-4,675/mt on Wednesday with resistance at the 20-day moving average and SHFE 1611 copper will fluctuate at RMB 36,450-36,700/mt.

The euro zone’s final manufacturing PMI in July, though better than expected, was down from June. So, the euro zone’s July industrial output is expected to weaken as well. Crude oil prices recovered in August. New York Fed’s survey result showed consumers’ forecast for inflation in coming year rose from 2.5% to 2.8%. As such, US import price index is expected to improve in August.

BASE METAL LEVELS

CS COPPER (NOVEMBER) OVERVIEW:

TREND : BULLISH

RESIST 2:323

RESIST 1:320

SUP1:314

SUP2:311

CS NICKEL (SEPTEMBER) OVERVIEW:

TREND :BEARISH

RESIST 2:681

RESIST 1:672

SUP1:655

SUP2:650

CS ZINC (SEPTEMBER) OVERVIEW:

TREND :BEARISH

RESIST 2:151.70

RESIST 1:150.50

SUP1:148.30

SUP2:147.00

CS LEAD (SEPTEMBER) OVERVIEW: 

TREND : SIDEWAYS

RESIST 2:128.50

RESIST 1:127.50

SUP1:125.00

SUP2:124.00

CS ALUMINIUM (SEPEMBER) OVERVIEW: 

TREND : BEARISH

RESIST 2:106.10

RESIST 1:105.70

SUP1:103.20

SUP2:102.20

ENERGIES:- 

Crude oil held early gains in Asia on Wednesday after U.S. industry data showed a lower than expected build in stockpiles.Crude oil for October delivery on the New York Mercantile Exchange rose 0.40% to $45.08 a barrel.

The Organization of the Petroleum Exporting Countries, led by Saudi Arabia and other big Middle East crude exporters, will meet non-OPEC producers led by Russia at informal talks in Algeria between September 26 and 28.

 

 

 CAPITALSTARS

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