November 20, 2017

Mcx Commodity Tips

Gold prices gain in Asia on Iran tension.
Gold prices rose on Thursday in Asia with tensions between Iran and the U.S, over a ballistic missile test by Tehran this week and even the tenor of President Donald Trump’s phone calls with world leaders. Overnight, gold prices fell slightly in the U.S. on Wednesday with investors noting upbeat language from the Fed in the latest policy review signaling rate hikes remain on track.
The Federal Reserve held its fire on interest rates as widely expected on Wednesday, but was optimistic on the outlook for the economy in keeping its benchmark overnight lending rate target at 0.5% to 0.75% following a 25 basis point hike in December. “Measures of consumer and business sentiment have improved of late,” the committee said in its statement, using new language that jibes with voices on Wall Street following the election of Donald Trump as president.

Lead futures gain as demand picks up.
Lead futures were trading higher during morning trade in the domestic market on Wednesday as investors and speculators build up fresh bets in the industrial metal amid increase in physical demand for lead, from battery-makers, in the domestic spot market. Further, an upward trend in physical demand from batterymakers in the domestic spot market, supported prices of lead at futures trade. At the MCX, lead futures for February 2017 contract is trading at Rs 160.05 per kg, up by 0.28 per cent, after opening at Rs 159.40, against a previous close of Rs 159.60. It touched the intra-day high of Rs 160.20.
Rise in physical demand for aluminum at the domestic spot market was led by widening of positions by traders in the spot markets, supported aluminum prices at futures trade. At the MCX, aluminum futures for February 2017 contract is trading at Rs 123.40 per kg, up by 0.57 per cent, after opening at Rs 122.95, against a previous close of Rs 122.70. It touched the intra-day high of Rs 123.45.

Oil prices fall after sharp rise in U.S. stockpiles.
Oil prices fell on Thursday after official data showed U.S. crude and gasoline stockpiles rose sharply, although signs that OPEC and other producers are holding the line on output cuts are helping support prices. Front month futures for West Texas Intermediate were down 33 cents, or 0.6 percent, at $53.55 after climbing $1.07 at the day before.
U.S. crude stocks grew last week by an unexpected 6.5 million barrels to 494.76 million barrels, the Energy Information Administration said on Wednesday, as refiners let stocks build further in a seasonally slow season for production. The build in stocks far exceeded analysts’ expectations for an increase of 3.3 million barrels.
“Obviously we saw some solid gains in prices in the previous session so there might be a little bit of profittaking in the Asian session after the market rallied unexpectedly,” said Ben Le Brun, a market analyst with options Xpress in Sydney.

PRECIOUS LEVEL
CS GOLD (APRIL) OVERVIEW:
TREND : BULLISH
RESIST 2: 29200
RESIST 1: 29000
SUP 1: 28750
SUP 2: 28550

CS SILVER (MARCH) OVERVIEW:
TREND : BULLISH
RESIST 2: 42700
RESIST 1: 42500
SUP1: 41800
SUP2: 41500
BASE METAL LEVELS

BASE METAL
CS COPPER (FEB) OVERVIEW:
TREND : BULLISH
RESIST 2:412
RESIST 1:408
SUP1:402
SUP2:399
CS NICKEL (FEB) OVERVIEW:
TREND : BULLISH
RESIST 2: 710
RESIST 1: 700
SUP1:685
SUP2:675
CS ZINC (FEB)OVERVIEW:
TREND : BULLISH
RESIST 2:197.00
RESIST 1:195.00
SUP1:190.00
SUP2:188.00
CS LEAD (FEB) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 161.00
RESIST 1: 160.00
SUP1: 156.00
SUP2: 154.00
CS ALUMINIUM (FEB) OVERVIEW:
TREND : BULLISH
RESIST 2: 125.50
RESIST 1: 124.50
SUP1: 121.50
SUP2: 120.50
ENERGY LEVELS
CS CRUDE OIL (FEB) OVERVIEW:
TREND : SIDEWAYS
RESIST 2:3680
RESIST 1:3640
SUP1:3580
SUP2:3540
CS NATURAL GAS (FEB) OVERVIEW:
TREND : BEARISH
RESIST 2:225.00
RESIST 1:220.00
SUP1:210.00
SUP2:207.00

Commodity Market TipsMCX Copper TipsMCX TipsCrude oil tipsNifty Options Tips,Stock Market LiveFinancial Advisory Company in IndoreStock Advisory Company in Indore

CapitalStars Provides 2 Days Free Trial To Our Client…

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

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.