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:-

Gold prices rebound in Asia as BoJ, Fed reviews awaited.

Brent, NYMEX weaker in Asia on supply concerns, API estimates ahead.

LME Copper to Stay Range-Bound.

PRECIOUS METALS:- 

Gold prices rebounded on Tuesday in Asia as investors looked ahead to central bank policy reviews in Japan and the U.S. on Wednesday.Gold for December delivery on the Comex division of the New York Mercantile Exchange rose 0.11% to $1,319.15 a troy ounce.

Overnight, gold prices held on to overnight gains during North America’s session on Monday, as the U.S. dollar slipped amid expectations of no rate change from the Federal Reserve this week.

The Federal Reserve is not expected to take action on interest rates at the conclusion of its two-day policy meeting at 2:00PM ET on Wednesday.


PRECIOUS LEVEL

CS GOLD (OCT) OVERVIEW:

CS GOLD (OCTOBER) OVERVIEW:

TREND : BULLISH

RESIST 2: 31200

RESIST 1: 31100

SUP 1: 30800

SUP 2: 30700

CS SILVER (DECEMBER) OVERVIEW:

TREND : BULLISH

RESIST 2: 46750

RESIST 1: 46400

SUP1: 45600

SUP2: 45100

BASE METALS:-

LME copper is expected to range at USD 4,740-4,770/mt on Tuesday and SHFE 1611 copper will move at RMB 37,100-37,400/mt.

Overnight, base metals on both LME and SHFE market stayed firm, supported by softer dollar. But further gains on base metal market will be curbed by market caution before US September FOMC meeting. Focus will be on those economic figures on Tuesday, including US August housing starts, building permits and Germany’s August  PPI.

Philippines is likely to suspend more Nickel mine operations as it does not meet environmental standards. The country may suspend at least 10 more mines.

BASE METAL LEVELS

CS COPPER (NOVEMBER) OVERVIEW:

TREND :SIDEWAYS

RESIST 2:326

RESIST 1:324

SUP1:319

SUP2:317

CS NICKEL (SEPTEMBER) OVERVIEW:

TREND : BULLISH

RESIST 2:697

RESIST 1:690

SUP1:670

SUP2:660

CS ZINC (SEPTEMBER) OVERVIEW:

TREND :BEARISH

RESIST 2:153.00

RESIST 1:152.00

SUP1:149.00

SUP2:147.60

CS LEAD (SEPTEMBER) OVERVIEW: 

TREND : SIDEWAYS

RESIST 2:132.00

RESIST 1:131.30

SUP1:129.00

SUP2:128.00

CS ALUMINIUM (SEPEMBER) OVERVIEW: 
TREND : SIDEWAYS

RESIST 2:107.00

RESIST 1:106.20

SUP1:105.00

SUP2:104.00

ENERGIES:- 

Crude oil fell in Asia on Tuesday on profit-taking after support based on higher chances of an output freeze by major producers and turmoil in Libya.

U.S. crude on the New York Mercantile Exchange for November delivery fell 0.55% to $43.62 a barrel.

Later Tuesday, the market turns attention to industry estimates of refined product and crude stocks in the U.S. last week from the American Petroleum Institute. The figures will be followed Wednesday by more closely-watched data from the U.S. Department of Energy.

ENERGY LEVELS
CS CRUDE OIL (SEPTEMBER) OVERVIEW:   
                        

TREND :BEARISH

RESIST 2:3010

RESIST 1:2980

SUP1:2900

SUP2:2870

CS NATURAL GAS (SEPTEMBER) OVERVIEW: 

TREND :BULLISH

RESIST 2:202.00

RESIST 1:200.00

SUP1:195.00

SUP2:193.00

 CAPITALSTARS

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