We provide Best Trading Tips, Commodity Trading Tips, Commodity Tips for Gold, Silver and Commodity calls Get daily markets point of views and Trade Calls Sign Up Today For Free Trial. Hurry Up !!.

MCX COMMODITY MARKET NEWS & LEVELS - 21 FEB 2017

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

Gold prices edge down in Asia, but copper firm as supplies eyed.  
Gold prices dipped in Asia on Tuesday, but copper held gains as investors eye the potential for a prolonged supply disruption from two of the world's major mines. Gold for April delivery on the Comex division of the New York Mercantile Exchange fell 0.32% to $ 1, 2385.15 a troy ounce. Silver futures for March delivery eased 0.11% to $18.010 a troy ounce.  
Overnight, gold prices were little changed during North American morning hours on Monday, with investors hesitant to take strong positions due to the U.S. national holiday for Presidents Day. Headlines from Washington will most likely remain in focus in the week ahead, as traders await further details on President Donald Trump's promises of tax reform, deregulation and infrastructure spending.  Cleveland Federal Reserve President Loretta Mester said in a speech in Singapore on Monday she would be "comfortable" raising interest rates at this point if the economy maintained its current pace of performance. 

Zinc is in a Record Deficit as Zinc Prices Near Record Highs. 
Zinc hit a record shortage in 2016. According to the International Lead and Zinc Study Group, zinc registered a deficit of 286,000 metric tons last year. Global usage of refined zinc metal rose 3.6% while supply remained pretty much flat thanks to a number of mine shutdowns. 
The tightening in zinc’s raw material segment accelerated last year thanks to the closure of big mines such as Century, Lisheen and Glencore‘s suspension of 500,000 mt of annual mine capacity. These closures have impacted the supply of mine concentrates drastically and, for the first time, we are seeing an impact in the refined metal market. 

Crude gains in Asia as markets look ahead to supply/demand cues. 
Crude edged higher in Asia on Tuesday coming off light overnight activity and with investors attuned to data this week on the supply/demand balance. 
Overnight, oil prices edged higher in a familiar trading range during North American morning hours on Monday in electronic trading as U.S. markets were closed for President’s Day on Monday, as market players continued to weigh the prospect of production cuts by major crude-producing nations against a rise in U.S. drilling. 
Fresh weekly information on U.S. stockpiles of crude and refined products on Wednesday and Thursday will be closely watched to gauge the strength of demand in the world’s largest oil consumer. The reports come out one day later than usual due to Monday's President's Day holiday. Meanwhile, traders will also continue to pay close attention to comments from global oil producers for further evidence that they are complying with their agreement to reduce output this year.  
PRECIOUS LEVEL
CS GOLD (APRIL) OVERVIEW:
TREND : BEARISH 
RESIST 2: 29500 
RESIST 1: 29350 
SUP 1: 29000 
SUP 2: 28850 
CS SILVER (MARCH) OVERVIEW:
TREND :  BEARISH 
RESIST 2: 43150 
RESIST 1:42850 
SUP1: 42400 
SUP2: 42000
BASE METAL LEVELS
CS COPPER (FEB) OVERVIEW:
TREND : BULLISH 
RESIST 2:414 
RESIST 1:410 
SUP1:401 
SUP2:397 
CS NICKEL (FEB) OVERVIEW:
TREND : BULLISH 
RESIST 2:755 
RESIST 1:745 
SUP1:728 
SUP2:720
CS ZINC (FEB)OVERVIEW:
TREND : BULLISH 
RESIST 2:197.00 
RESIST 1:195.00 
SUP1:189.00 
SUP2:187.00
CS LEAD (FEB) OVERVIEW: 
TREND : BULLISH 
RESIST 2: 157.00 
RESIST 1: 156.00 
SUP1: 152.00 
SUP2: 150.50
CS ALUMINIUM (FEB) OVERVIEW: 
TREND : BULLISH 
RESIST 2: 128.50 
RESIST 1: 127.50 
SUP1: 125.50 
SUP2: 124.50 
ENERGY LEVELS
CS CRUDE OIL (MARCH) OVERVIEW:                           
TREND : SIDEWAYS 
RESIST 2:3680 
RESIST 1:3640 
SUP1:3580 
SUP2:3550
CS NATURAL GAS (FEB) OVERVIEW: 
TREND : BEARISH 
RESIST 2:192.00 
RESIST 1:190.00 
SUP1:180.00 
SUP2:177.00  


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

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

MCX COMMODITY MARKET NEWS & LEVELS - 20 FEB 2017


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

Gold down slightly in Asia on Master views, U.S. public holiday ahead.  
Gold prices eased slightly in Asia on Monday after a further signal that a rate hike in March is a solid possibility in otherwise light trade with U.S. markets shut for a holiday. Gold for February delivery eased 0.37% to $1,234.555 on the Comex division of the New York Mercantile Exchange.  In the holiday shortened week ahead, the Fed is to publish the minutes of its February meeting on Wednesday, which will be scrutinized for clues on the timing of the next rate hike.  
Investors will be looking to U.S. housing data in order to see whether the rise in consumer spending and inflation is translating into higher house prices and a pick-up in home sales. Markets will also be watching survey data on private sector activity in the euro zone on Tuesday. 

Why Total Copper Inventories Grow on LME, SHFE and COMEX? 
Copper inventories on the SHFE and COMEX added 89.4% and 23.68%, respectively as of the week ending February 10 from early 2017. LME copper inventories decreased 22.97% during this period. Total inventories in the three bourses increased 13.85%. 
Copper inventories on both LME and SHFE grew in December 2016 due mainly to release of invisible inventories, SMM said. LME copper inventories began to drop from late December, while those on the SHFE and COMEX reported continuous growth. This means overseas copper inventories flowed into China. 
“Maybe some importers overestimated domestic demand, which precipitated copper inflows to China’s warehouses,” Capital Economics Chief Commodity Economist Caroline Bain said. Some analysts said recent change in copper inventories is normal, which is similar with the same period of last year. SHFE copper inventories increased 47% while LME copper inventories fell 12% during January 8 and February 19, 2016. 

Oil prices flat line as U.S. drilling counters OPEC output cuts. 
Oil prices held steady on Monday as investors gauged whether an increase in U.S. drilling rigs and record stockpiles would undermine efforts by producers to cut output and bring the market into balance. 
"At the crux of the matter is that 90 percent OPEC compliance is being balanced by ever increasing U.S. shale production," he added. U.S. energy companies added oil rigs for a fifth consecutive week, Baker Hughes said on Friday, extending a nine-month recovery with producers encouraged by higher crude prices, which have traded mostly over $50 a barrel since late November. 
The Organization of the Petroleum Exporting Countries (OPEC) and other producers, including Russia, agreed last year to cut output almost 1.8 million barrels per day (bpd) during the first half of 2017. 
Estimates indicate compliance with the cuts is at around 90 percent, while Reuters reported last week that OPEC could extend the pact or apply deeper cuts from July if global crude inventories fail to drop enough. 
PRECIOUS LEVEL
CS GOLD (APRIL) OVERVIEW:
TREND : BEARISH 
RESIST 2: 29500 
RESIST 1: 29350 
SUP 1: 29000 
SUP 2: 28850


CS SILVER (MARCH) OVERVIEW:
TREND :  BEARISH 
RESIST 2: 43150 
RESIST 1:42850 
SUP1: 42400 
SUP2: 42000
BASE METAL LEVELS
CS COPPER (FEB) OVERVIEW:
TREND : BULLISH 
RESIST 2:410 
RESIST 1:407 
SUP1:396 
SUP2:392
CS NICKEL (FEB) OVERVIEW:
TREND :  BULLISH 
RESIST 2:755 
RESIST 1:745 
SUP1:728 
SUP2:720
CS ZINC (FEB)OVERVIEW:
TREND : BEARISH 
RESIST 2:193.00 
RESIST 1:191.00 
SUP1:184.50 
SUP2:183.00

CS LEAD (FEB) OVERVIEW: 
TREND : BEARISH 
RESIST 2: 154.00 
RESIST 1: 152.50 
SUP1: 149.50 
SUP2: 148.50
CS ALUMINIUM (FEB) OVERVIEW: 
TREND : BULLISH 
RESIST 2: 128.50 
RESIST 1: 127.00 
SUP1: 124.50 
SUP2: 123.50 

ENERGY LEVELS
CS CRUDE OIL (MARCH) OVERVIEW:                           
TREND : SIDEWAYS 
RESIST 2:3680 
RESIST 1:3640 
SUP1:3580 
SUP2:3550 
CS NATURAL GAS (FEB) OVERVIEW: 
TREND : BEARISH 
RESIST 2:192.00 
RESIST 1:190.00 
SUP1:180.00 
SUP2:177.00  


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

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

MCX COMMODITY MARKET NEWS & LEVELS - 17 FEB 2017

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

Gold dips in Asia, on mine labor issues.  
Gold for April delivery on the Comex division of the New York Mercantile Exchange fell 0.17% to $1,239.55 a troy ounce, while silver futures for March delivery dipped 0.12% to $18.053 a troy ounce. Overnight, gold prices added to overnight gains on Thursday, hitting a one-week high despite a brighter outlook for interest rate hikes on a raft of mostly upbeat U.S. economic data.  
The number of people who filed for unemployment assistance in the U.S. last week rose by a less-thanexpected 5,000 to 239,000 last week, holding close to the lowest level since 1973. A separate report showed that the Philadelphia Fed index surged to a reading of 43.3 from 23.6 in January. That was the highest level since early 1984.

How Will China Actions Affect Zinc Market? SMM Reports. 
China’s Ministry of Environmental Protection announced it will execute air quality inspections during February 15-March 15 in 18 cities, SMM learns. These cities include Beijing, Tianjin, Hebei’s Shijiazhuang, Langfang, Baoding, Tangshan, Handan, Xingtai, Cangzhou, Hengshui, Shanxi’s Taiyuan and Linfen, Shandong’s Jinan and Dezhou and Henan’s Zhengzhou, Hebi, Jiaozuo and Anyang, which are major metal producing regions. 
In these 18 cities, Tianjin, Hebei, Cangzhou and Hengshui have an agglomeration of galvanizers. Large steel tube/pipe plants reported slow sales due to weak demand and environmental protection factor, so they did not reach full operation, SMM said. 50% of galvanizers in Daqiu Village, Tianjin are still restricted as they have yet to complete coal-to-gas switch. 
Plants in some regions were not affected yet as the inspections are not so strict during February 15-28. Any effect from environmental protection on galvanizers in Hengshui and Handan is only limited, with production steady. Zinc oxide producers in Hebei and Tianjin were not affected and returned to normal production after the 2017 Chinese New Year holiday. No plants in Jiangsu and Zhejiang reported production restrictions, SMM understands. 

Oil firms as OPEC floats extended output cut; markets still bloated. 
Oil prices edged up on Friday, lifted by a report that producer club OPEC could extend an output cut aimed at reining in a global fuel supply overhang. The Organization of the Petroleum Exporting Countries (OPEC) and other producers including Russia plan to cut output by almost 1.8 million barrels per day (bpd) during the first half of 2017, and estimates suggest compliance by OPEC is around 90 percent. 
The cuts are aimed at curbing oversupply that has dogged markets since 2014. To help rebalance the market, OPEC sources told Reuters that the supply reduction pact could be extended if all major producers showed "effective cooperation". For now, inventories remain bloated and supplies high, especially in the United States. 
Recent price movements reflect this, with Brent and WTI trading within a $5 per barrel price range this year, in what has become the longest and most range-bound period since a price slump began in mid-2014. 
PRECIOUS LEVEL
CS GOLD (APRIL) OVERVIEW:
TREND : BULLISH 
RESIST 2: 29700 
RESIST 1: 29500 
SUP 1: 29150 
SUP 2: 28950 

CS SILVER (MARCH) OVERVIEW:
TREND : BULLISH  
RESIST 2: 43500 
RESIST 1:43200 
SUP1: 42600 
SUP2: 42300
BASE METAL LEVELS
CS COPPER (FEB) OVERVIEW:
TREND : BEARISH 
RESIST 2:410 
RESIST 1:405 
SUP1:398 
SUP2:394 
CS NICKEL (FEB) OVERVIEW:
TREND :  BULLISH 
RESIST 2:755 
RESIST 1:745 
SUP1:728 
SUP2:720
CS ZINC (FEB)OVERVIEW:
TREND : BEARISH 
RESIST 2:195.00 
RESIST 1:193.00 
SUP1:189.50 
SUP2:188.50

CS LEAD (FEB) OVERVIEW: 
TREND : BEARISH 
RESIST 2: 156.50 
RESIST 1: 155.30 
SUP1: 150.00 
SUP2: 149.00 
CS ALUMINIUM (FEB) OVERVIEW: 
TREND : BULLISH 
RESIST 2: 129.50 
RESIST 1: 128.50 
SUP1: 125.50 
SUP2: 124.50 

ENERGY LEVELS
CS CRUDE OIL (FEB) OVERVIEW:                           
TREND : SIDEWAYS 
RESIST 2:3680 
RESIST 1:3640 
SUP1:3580 
SUP2:3550 
CS NATURAL GAS (FEB) OVERVIEW: 
TREND : BEARISH 
RESIST 2:197.00 
RESIST 1:195.00 
SUP1:190.00 
SUP2:187.00   


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

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

Mcx Commodity Market News & Levels - 16 FEB 2017

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

Gold prices gain in Asia as Dudley views on rates shrugged off. 
Gold prices gained in Asia on Thursday, shrugging off remarks by a key Fed policymaker that rates could soon rise going by current economic signals. Gold for April delivery on the Comex division of the New York Mercantile Exchange rose 0.34% to $1.237.25 a troy ounce, while silver traded up 0.30% to $18.017 a troy ounce.  The Federal Reserve aims to raise U.S. interest rates soon, New York Fed President William Dudley said Wednesday, if, as expected, fiscal policies provide stimulus. "We expect to gradually remove further monetary policy accommodation and snug up interest rates a little bit further in the months ahead," Dudley said. Gold’s comeback from its three-month low of $1123.50 set on Dec 1, appears to be at risk as expectations of a March rate hike accelerate. On Tuesday, Federal Reserve Chair Janet Yellen in a testimony to congress said that it would be unwise to keep interest rates lower for longer.  
Philadelphia Fed President Patrick Harker and Boston Fed President Eric Rosenberg further fueled expectations of a rate hike sooner rather later, as they both said they see at least three-rate hikes this year.

Aluminum Price Hits $1,900/mt While Premiums Hit a 3-Year High. 
In February, a Chinese government document proposed that about a third of aluminum capacity in the provinces of Shandong, Henan, Hebei and Shanxi be shut down over the winter months. If implemented, they would be some of the most radical steps so far to tackle air quality in the country of 1 billion’s most polluted cities. 
China looks like it is taking air pollution seriously. Given that burning coal is the largest contributor to air pollution in China, industrial metals supply could shrink this year, particularly steel and aluminum. Environmental closures are looking increasingly likely in China this year. 
Questions remain over whether the government will push through with large output cuts that will most definitely result in layoffs. It’s clear that China doesn’t want to reduce jobs, however, the country doesn’t really have many alternatives if it wants to combat air pollution. 

Oil prices steady on OPEC cuts, but record U.S. fuel stocks weigh. 
Oil prices held steady on Thursday, supported by ongoing supply cuts led by producer group OPEC, although rising fuel inventories and crude production in the United States weighed on sentiment. The Organization of the Petroleum Exporting Countries (OPEC) and other producers including Russia have agreed to cut output by almost 1.8 million barrels per day (bpd) during the first half of 2017, and estimates suggest compliance by OPEC is around 90 percent. 
The production cuts are aimed at reining in a global fuel supply overhang that has dogged markets for over two years. Yet despite action so far, inventories remain bloated and supplies high, especially in the United States. 
U.S. crude oil and gasoline inventories soared to record highs last week as refineries cut output and gasoline demand softened, the Energy Information Administration said on Wednesday. 
PRECIOUS LEVEL
CS GOLD (APRIL) OVERVIEW:
TREND : BULLISH 
RESIST 2: 29500 
RESIST 1: 29400 
SUP 1: 29150 
SUP 2: 28950

CS SILVER (MARCH) OVERVIEW:
TREND : BULLISH  
RESIST 2: 43500 
RESIST 1:43200 
SUP1: 42400 
SUP2: 42000
BASE METAL LEVELS
CS COPPER (FEB) OVERVIEW:
TREND : BULLISH 
RESIST 2:415 
RESIST 1:410 
SUP1:403 
SUP2:400
CS NICKEL (FEB) OVERVIEW:
TREND :  BULLISH 
RESIST 2:755 
RESIST 1:745 
SUP1:728 
SUP2:720
CS ZINC (FEB)OVERVIEW:
TREND : BULLISH 
RESIST 2:197.50 
RESIST 1:195.50 
SUP1:191.50 
SUP2:189.50 

CS LEAD (FEB) OVERVIEW: 
TREND : BULLISH 
RESIST 2: 160.00 
RESIST 1: 158.50 
SUP1: 154.50 
SUP2: 153.00
CS ALUMINIUM (FEB) OVERVIEW: 
TREND : BULLISH 
RESIST 2: 129.50 
RESIST 1: 128.50 
SUP1: 126.00 
SUP2: 125.00 

ENERGY LEVELS
CS CRUDE OIL (FEB) OVERVIEW:                           
TREND : SIDEWAYS 
RESIST 2:3650 
RESIST 1:3620 
SUP1:3500 
SUP2:3450
CS NATURAL GAS (FEB) OVERVIEW: 
TREND : BEARISH 
RESIST 2:201.00 
RESIST 1:199.00 
SUP1:193.00 
SUP2:190.00  


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

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

MCX COMMODITY MARKET NEWS & LEVELS - 15 FEB 2017

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

Gold gains in Asia as Fed chief comments to Congress noted.  
Gold prices gained in Asia on Wednesday despite mildly hawkish comments by the Fed chief on the need to raise rates sooner rather than later. Gold for April delivery on the Comex division of the New York Mercantile Exchange gained 0.14% to $1,227.15 a troy ounce, while silver futures for March delivery rose 0.18% to $17.922 a troy ounce.  
Overnight, gold prices came off the strongest levels of the session in North American morning trade on Tuesday, after Federal Reserve Chair Janet Yellen told Congress that waiting too long to raise interest rates would be "unwise" as economic growth continues and inflation rises. Yellen said that even though the Fed expects to hike gradually and to keep policy accommodative, getting rates back to normal levels is important and hikes will be considered ahead.

China Copper Cathode Self-Sufficiency Ratio Increases on Expanding Capacity, SMM Says. 
As the largest copper consuming country in the world, China is heavily reliant on imported goods. Copper imports surged over recent years with growing demand. Meanwhile, self-sufficiency ratio also increased, SMM says. China’s copper smelting capacity is still in supply shortages, so China needs to import large amounts of copper each year. Copper cathode imports totaled 3.63 million tone’s in 2016, up 334.63% from 2001, according to China Customs data. 
China’s copper smelting capacity expanded noticeably over recent years due to rising spot TCs of copper concentrate, higher profit at smelters, the need of local governments to increase fiscal revenue and stronger domestic demand. This increased China’s self-sufficiency ratio of copper cathode, SMM said. 
Domestic copper cathode capacity totaled 10.80 million tone’s in 2016, up 91% from 2008, according to SMM data. In this scenario, domestic copper cathode output increased from 3.71 million tone’s in 2008 to 7.76 million tone’s in 2016. SMM data show China’s self-sufficiency ratio of copper cathode rose from 62.5% in 2010 to 70.97% in 2016 as output grows.

Crude dips in Asia as API estimates show larger stock build than seen. 
Oil prices dipped slightly in Asia on Wednesday with the market shrugging off a much larger than expected build in U.S. inventories reported by an industry group. 
On the Intercontinental Exchange in London, Brent for April delivery fell 0.13% to $55.77 a barrel. On the New York Mercantile Exchange, crude oil for delivery in March eased 0.43% to $52.970. 
Crude oil inventories jumped 9.94 million barrels the end of last week, more than expected, according to estimates from the American Petroleum Institute (API) on Tuesday. Gasoline stocks rose 720,000 barrels and distillate stocks increased by 1.5 million barrels. 
Official data from the U.S. Energy Information Administration (EIA) is due on Wednesday. A poll of analyst sees crude oil inventories up 3.175 million barrels, while distillates and gasoline supplies are each seen down by 1.15 million barrels. 
PRECIOUS LEVEL
CS GOLD (APRIL) OVERVIEW:
TREND : BULLISH 
RESIST 2: 29300 
RESIST 1: 29150 
SUP 1: 28950 
SUP 2: 28850

CS SILVER (MARCH) OVERVIEW:
TREND : BULLISH  
RESIST 2: 43000 
RESIST 1:42900 
SUP1: 42200 
SUP2: 42000
BASE METAL LEVELS
CS COPPER (FEB) OVERVIEW:
TREND : BULLISH 
RESIST 2:415 
RESIST 1:410 
SUP1:400 
SUP2:395
CS NICKEL (FEB) OVERVIEW:
TREND :  BULLISH 
RESIST 2:735 
RESIST 1:725 
SUP1:710 
SUP2:700
CS ZINC (FEB)OVERVIEW:
TREND : BULLISH 
RESIST 2:200.00 
RESIST 1:198.00 
SUP1:192.00 
SUP2:190.00 

CS LEAD (FEB) OVERVIEW: 
TREND : BULLISH 
RESIST 2: 164.00 
RESIST 1: 162.00 
SUP1: 156.00 
SUP2: 154.00 
CS ALUMINIUM (FEB) OVERVIEW: 
TREND : BULLISH 
RESIST 2: 127.50 
RESIST 1: 126.50 
SUP1: 125.00 
SUP2: 124.00

ENERGY LEVELS
CS CRUDE OIL (FEB) OVERVIEW:                           
TREND : BEARISH 
RESIST 2:3650 
RESIST 1:3620 
SUP1:3500 
SUP2:3450
CS NATURAL GAS (FEB) OVERVIEW: 
TREND : BEARISH 
RESIST 2:201.00 
RESIST 1:199.00 
SUP1:193.00 
SUP2:190.00


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

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