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MCX COMMODITY MARKET NEWS & LEVELS - 06 DEC 2016


HIGH LIGHTS:-

  • Gold prices dip in Asia after early bargain hunting, Fed views eyed. 
  • NYMEX crude falls in Asia as U.S. industry supply data ahead. 
  • SHFE Copper to Strengthen.
    PRECIOUS METALS:- 

    Gold eased on Tuesday in Asia after an early round of bargain hunting as investors look beyond the widely expected Fed rate hike this month for any new language on the pace of increases going forward. On the Comex division of the New York Mercantile Exchange gold fell 0.07% to $1,175.65 a troy ounce. Elsewhere in metals trading, silver for March delivery on the Comex rose 0.08% to $16.913 a troy ounce. 
    Gold initially gained after Italian voters rejected a referendum on constitutional changes backed by the government, prompting Prime Minister Matteo Renzi to step down and sending the euro to 20month lows. 


    PRECIOUS LEVEL

    CS GOLD (FEB) OVERVIEW:
    TREND :  BEARISH 
    RESIST 2: 28400 
    RESIST 1: 28200 
    SUP 1: 27800 
    SUP 2: 27600 

    CS SILVER (MARCH) OVERVIEW:
    TREND : SIDEWAYS 
    RESIST 2: 41800 
    RESIST 1: 41550 
    SUP1: 40800 
    SUP2: 40300

    BASE METALS:-
    LME copper is predicted to range between USD 5,880-5,980/mt during Asian trading hours on Tuesday and SHFE 1702 copper will move at RMB 47,900-48,800/mt. 
    Final reading of Eurozone’s GDP in Q3 will be released on Tuesday. Eyes should be on US’s economic data on Tuesday, including October’s balance of trade, October’s durable goods, factory order and December’s IBD consumer confidence index. Most US’s economic data released on Monday’s night were positive, but US dollar index remains weak, supporting base metals. Base metals are expected to strengthen on Tuesday. Eurozone’s economy is stable, although Europe is in troubled times. Eurozone’s GDP growth in Q3 will not rally to 1.7% seen in Q1, hurt by slowing down Germany economy growth in Q3. 

    BASE METAL LEVELS
    CS COPPER (FEB) OVERVIEW:
    TREND : BULLISH 
    RESIST 2:415 
    RESIST 1:410 
    SUP1:400 
    SUP2:397 
    CS NICKEL (DEC) OVERVIEW:
    TREND :  BULLISH 
    RESIST 2: 815 
    RESIST 1: 800 
    SUP1: 780 
    SUP2: 770
    CS ZINC (DEC)OVERVIEW:
    TREND :  SIDEWAYS 
    RESIST 2:191.00 
    RESIST 1:189.00 
    SUP1:184.00 
    SUP2:181.00  
    CS LEAD (DEC) OVERVIEW: 
    TREND :   SIDEWAYS 
    RESIST 2: 160.00 
    RESIST 1: 159.00 
    SUP1: 154.00 
    SUP2: 153.00 

    CS ALUMINIUM (DEC) OVERVIEW: 
    TREND :   SIDEWAYS 
    RESIST 2: 120.00 
    RESIST 1: 119.00 
    SUP1: 116.00 
    SUP2: 115.00

    ENERGIES:- 
    Crude oil prices fell in Asia on Tuesday with U.S. industry inventory estimates ahead expected to set the tone. 
    The American Petroleum Institute will release its estimates of crude oil and refined product stocks last week later on Tuesday. On Wednesday, more closely-watched official figures from the U.S. Department of Energy are due. 
    Overnight, oil prices reached a new, one-year high by mid-day on Monday, as last week’s rally from the Organization of Petroleum Exporting Countries (OPEC) agreement to cut production continued. 

    ENERGY LEVELS
    CS CRUDE OIL (DEC) OVERVIEW:                           
    TREND : SIDEWAYS 
    RESIST 2:3560 
    RESIST 1:3530 
    SUP1:3430 
    SUP2:3385 
    CS NATURAL GAS (DEC) OVERVIEW: 
    TREND : BULLISH 
    RESIST 2:250.00 
    RESIST 1:248.00 
    SUP1:240.00 
    SUP2:236.00 


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    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 - 05 DEC 2016


    HIGH LIGHTS:-

    • Oil prices fall as production creeps up ahead of announced 2017 output cut. 
    • Gold prices flat in Asia as Italy's referendum vote prompts caution. 
    • LME Copper to See Range-Bound Trading.  
      PRECIOUS METALS:- 

      Gold prices held mostly steady in Asia on Monday as investors reacted cautiously to a new round of political turmoil in Italy and potentially the euro zone following a resounding "No" vote on a referendum aimed at political reforms. 
      Gold for February delivery traded between small gains and losses at levels around $1,177.55 a troy ounce on the Comex division of the New York Mercantile Exchange. Elsewhere, silver for March delivery was also mostly flat around $16.830 a troy ounce. 
      Investors did take sharp note of a weaker euro to a 20-month low as Italian Prime Minister Matteo Renzi resigned after suffering a humiliating defeat in a referendum to reform the country's constitution. 


      PRECIOUS LEVEL

      CS GOLD (FEB) OVERVIEW:
      TREND :  BEARISH 
      RESIST 2: 28450 
      RESIST 1: 28300 
      SUP 1: 27900 
      SUP 2: 27800

      CS SILVER (MARCH) OVERVIEW:
      TREND : SIDEWAYS 
      RESIST 2: 41800 
      RESIST 1: 41550 
      SUP1: 40900 
      SUP2: 40300 

      BASE METALS:-
      LME copper is expected to range between USD 5,730-5,800/mt during Asian trading hours on Monday and SHFE 1702 copper will move at RMB 46,200-46,950/mt. In China’s domestic market, spot copper should trade at discounts of RMB 50/mt to premiums of RMB 20/mt on Monday. 
      Market investors will likely pay more attention to Eurozone among various economic data and news this week, as the rise of populism is adding clouds to the outlook for Eurozone. In addition, European Central Bank has to prepare for December’s meeting on December 8 because of a foregone conclusion that US Federal Reserve will hike interest rate in December’s meeting. 

      BASE METAL LEVELS
      CS COPPER (FEB) OVERVIEW:
      TREND : BULLISH 
      RESIST 2:410 
      RESIST 1:405 
      SUP1:393 
      SUP2:388
      CS NICKEL (DEC) OVERVIEW:
      TREND :  BULLISH 
      RESIST 2: 815 
      RESIST 1: 800 
      SUP1: 765 
      SUP2: 752
      CS ZINC (DEC)OVERVIEW:
      TREND :  BEARISH 
      RESIST 2:189.00 
      RESIST 1:187.00 
      SUP1:183.00 
      SUP2:180.00 
      CS LEAD (DEC) OVERVIEW: 
      TREND :    BEARISH 
      RESIST 2: 160.00 
      RESIST 1: 158.00 
      SUP1: 155.00 
      SUP2: 152.00 

      CS ALUMINIUM (DEC) OVERVIEW: 
      TREND :   BEARISH 
      RESIST 2: 120.00 
      RESIST 1: 119.00 
      SUP1: 116.00 
      SUP2: 115.00

      ENERGIES:- 
      Oil prices fell by one percent on Monday as a higher U.S. rig count unsettled markets amid nagging concern that output cuts, planned as part of concerted action between producer club OPEC and Russia, might not be as big as initially anticipated. 
      Traders said price falls were triggered by rising production just after last week's accord between the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC member Russia to cut output in 2017. The cuts aim to rein in a supply glut that has weighed on markets for over two years. 
      Meanwhile U.S. energy firms extended drilling for new oil production into a seventh month last week, data from energy services firm Baker Hughes showed on Friday. 

      ENERGY LEVELS
      CS CRUDE OIL (DEC) OVERVIEW:                           
      TREND : BULLISH 
      RESIST 2:3560 
      RESIST 1:3530 
      SUP1:3430 
      SUP2:3400
      CS NATURAL GAS (DEC) OVERVIEW: 
      TREND : BULLISH 
      RESIST 2:244.00 
      RESIST 1:241.00 
      SUP1:232.00 
      SUP2:228.00 


                   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 TIPS & LEVELS - 02 DEC 2016


      HIGH LIGHTS:-

      • Gold prices down in Asia as U.S. jobs data awaited. 
      • Base Metals Rise as Oil Soars After OPEC Deal Reached. 
      • Oil prices dip after OPEC-Russia output cut deal, focus swings to implementation.
        PRECIOUS METALS:- 

        Gold prices fell in Asia on Friday ahead of U.S. jobs data that is seen as icing on the cake for a Fed rate hike this month. Nonfarm payrolls are seen up by 175,000 in November, deemed enough by most analysts to assure the Fed that the labor market continues to tighten, adding pressure on wages. 
        Gold futures for February on the Comex division of the New York Mercantile Exchange rose 0.57% to $1,176.05 a troy ounce. Silver futures on the Comex gained 0.80% to $16.638 a troy ounce. The Institute for Supply Management said its manufacturing activity index rose to 53.2 last month from October’s reading of 51.9. Analysts had forecast a smaller increase to 52.2. 


        PRECIOUS LEVEL

        CS GOLD (FEB) OVERVIEW:
        TREND :  BEARISH 
        RESIST 2: 28450 
        RESIST 1: 28300 
        SUP 1: 27900 
        SUP 2: 27800 

        CS SILVER (MARCH) OVERVIEW:
        TREND : SIDEWAYS 
        RESIST 2: 41800 
        RESIST 1: 41400 
        SUP1: 40600 
        SUP2: 40300

        BASE METALS:-
        Yesterday, the Organization of Petroleum Exporting Countries finalized a deal to cut production by 1.2 million barrels a day starting in January, its first reduction since 2008. 
        US non-farm employment fell short of market expectations for three months in a row, but is expected to improve in November given ADP’s employment, initial jobless claims in November and ISM’s manufacturing and non-manufacturing job sub-indices. 
        Salary growth will also be a focus of markets, which has been rising mildly due to low import low inflation. Salary growth may pick up in next few months. Base metals are expected to resist both increases and declines during Asian trading hours today. If US non-farm employment data turn out to be upbeat, base metals will be bolstered. But commodities priced in USD may unlikely rebound. 

        BASE METAL LEVELS
        CS COPPER (FEB) OVERVIEW:
        TREND : BEARISH 
        RESIST 2:410 
        RESIST 1:405 
        SUP1:390 
        SUP2:387 
        CS NICKEL (DEC) OVERVIEW:
        TREND :  BEARISH 
        RESIST 2: 795 
        RESIST 1: 775 
        SUP1: 755 
        SUP2: 740
        CS ZINC (DEC)OVERVIEW:
        TREND :  BEARISH 
        RESIST 2:189.00 
        RESIST 1:186.00 
        SUP1:182.50 
        SUP2:180.00
        CS LEAD (DEC) OVERVIEW: 
        TREND :    BEARISH 
        RESIST 2: 164.00 
        RESIST 1: 162.00 
        SUP1: 157.00 
        SUP2: 153.00 

        CS ALUMINIUM (DEC) OVERVIEW: 
        TREND :   BEARISH 
        RESIST 2: 120.00 
        RESIST 1: 119.00 
        SUP1: 116.00 
        SUP2: 115.00 

        ENERGIES:- 
        Oil prices slipped on Friday as some investors opted to cash out after Brent touched 16-month a high on Thursday, with optimism over this week's OPEC-Russia accord on cutting output giving way to questions on the "sticking point" of implementing the deal. 
        Analysts are now focusing their attention on implementation of the deal, the first agreement since 2001 by the Organization of the Petroleum Exporting Countries (OPEC) and Russia to coordinate production cuts. "It looks achievable on the face of it, provided the parties to the latest production cut deal stick to their pledges, which has historically been somewhat of a sticking point," ANZ bank said on Friday. 

        ENERGY LEVELS
        CS CRUDE OIL (DEC) OVERVIEW:                           
        TREND : BULLISH 
        RESIST 2:3560 
        RESIST 1:3530 
        SUP1:3430 
        SUP2:3400 
        CS NATURAL GAS (DEC) OVERVIEW: 
        TREND : BULLISH 
        RESIST 2:249.00 
        RESIST 1:246.00 
        SUP1:240.00 
        SUP2:236.00 


                     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 - 01 DEC 2016


        HIGH LIGHTS:-

        • SHFE Copper to Move in a Tight Range. 
        • NYMEX, Brent hold gains in Asia on OPEC cut, China PMIs help. 
        • Gold prices dip in Asia as sentiment up on Chin PMIs, risk views grow. 
          PRECIOUS METALS:- 

          Gold prices dipped in Asia on Thursday as regional signals on growth in China came in upbeat, aiding sentiment for more risk assets. On the Comex division of the New York Mercantile Exchange dipped 0.26% to $1,170.85 a troy ounce. Silver futures on the Comex fell 0.21% to $16.447 a troy ounce, while copper futures edged up 0.04% as manufacturing data from China lifted sentiment for the world's top importer of the industrial metal. 
          The Caixin index has now been above the 50-point neutral level which separates expansion in activity from contraction for five straight months, adding to views that in the world's second-largest economy growth has stabilized thanks to a credit and construction boom. 


          PRECIOUS LEVEL

          CS GOLD (FEB) OVERVIEW:
          TREND :  BEARISH 
          RESIST 2: 28450 
          RESIST 1: 28300 
          SUP 1: 28000 
          SUP 2: 27800  

          CS SILVER (MARCH) OVERVIEW:
          TREND : SIDEWAYS 
          RESIST 2: 41800 
          RESIST 1: 41400 
          SUP1: 40500 
          SUP2: 40000 

          BASE METALS:-
          LME copper is predicted to move between USD 5,720-5,820/mt during Asian trading hours on Thursday and SHFE 1702 copper will move at RMB 46,600-47,500/mt. 
          China’s official and Caixin November manufacturing PMIs due for release today are expected to remain around 50. Supply is expected to have gained momentum after price increased. Besides, some industries began to replenish stocks. 
          ISM manufacturing PMI will also be a focus of markets as US manufacturing appeared to have stabilized from October. The US dollar index will be supported before the release of non-farm payroll.

          BASE METAL LEVELS
          CS COPPER (FEB) OVERVIEW:
          TREND : BEARISH 
          RESIST 2:410 
          RESIST 1:405 
          SUP1:392 
          SUP2:387 
          CS NICKEL (DEC) OVERVIEW:
          TREND :  BEARISH 
          RESIST 2: 795 
          RESIST 1: 780 
          SUP1: 755 
          SUP2: 740 
          CS ZINC (DEC)OVERVIEW:
          TREND :  BEARISH 
          RESIST 2:193.00 
          RESIST 1:191.00 
          SUP1:183.00 
          SUP2:180.00 
          CS LEAD (DEC) OVERVIEW: 
          TREND :    BEARISH 
          RESIST 2: 166.00 
          RESIST 1: 164.00 
          SUP1: 158.00 
          SUP2: 154.00 

          CS ALUMINIUM (DEC) OVERVIEW: 
          TREND :   BEARISH 
          RESIST 2: 121.50 
          RESIST 1: 120.00 
          SUP1: 117.50 
          SUP2: 116.50 

          ENERGIES:- 
          Crude oil prices held overnight gains into Asia on Thursday as manufacturing figures out of China lifted regional sentiment on demand by the world's second largest importer. 
          Overnight, oil prices surged nearly 9%, climbing after the Organization of the Petroleum Exporting Countries (OPEC) agreed to slash production. 
          The meetings it has undertaken have been extremely constructive, providing us all with a better appreciation and understanding of the various viewpoints among OPEC and non-OPEC producers," said Mohammed Bin Saleh Al-Sada, Qatar's Minister of Energy and Industry and President of the OPEC Conference. 

          ENERGY LEVELS
          CS CRUDE OIL (DEC) OVERVIEW:                           
          TREND : BULLISH 
          RESIST 2:3540 
          RESIST 1:3480 
          SUP1:3370 
          SUP2:3320 
          CS NATURAL GAS (DEC) OVERVIEW: 
          TREND : BULLISH 
          RESIST 2:235.00 
          RESIST 1:231.00 
          SUP1:224.00 
          SUP2:220.00 


                       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 TIPS & LEVELS - 29 NOV 2016


          HIGH LIGHTS:-

          • Gold prices inch up in Asia as dollar movements eyed for direction. 
          • Oil prices dip on skepticism ahead of OPEC meeting. 
          • SHFE Copper to Close Lower. 
            PRECIOUS METALS:- 

            Gold prices inched up in Asia on Tuesday with the dollar in focus as it mildly retraces sharp gains in the past month on the surprise win of U.S. president-elect Donald Trump and widespread expectations for a Fed rate hike in December. 
            Gold for December delivery rose 0.10% to $1,192.00 a troy ounce on the Comex division of the New York Mercantile Exchange. 
            Overnight, gold prices rose more than 1% on Monday, rebounding from nine-and-a-half month lows as the dollar reversed some of its post U.S. election gains after surging to almost 14-year highs last week. 


            PRECIOUS LEVEL

            CS GOLD (DEC) OVERVIEW:
            TREND :  BEARISH 
            RESIST 2: 29200 
            RESIST 1: 29000 
            SUP 1: 28500 
            SUP 2: 28300  

            CS SILVER (DECEMBER) OVERVIEW:
            TREND : BEARISH 
            RESIST 2: 41200 
            RESIST 1: 40800 
            SUP1: 40100 
            SUP2: 39800 

            BASE METALS:-
            LME copper will range between USD 5,790-5,940/mt and SHFE 1701 copper is expected to move at RMB 48,000-48,800/mt. Germany’s November CPI slated for release today is expected to be 0.8% as European Central Bank’s stimulus measures helped Eurozone economy recover. 
            Conference Board’s November CCI for the US will be released this evening, and is expected to rise. US CCI appeared to have improved as Trump is expected to push stimulus measures. Besides, US revised actual Q3 GDP and revised annualized and seasonal PCE will also top flash data, which will support the US dollar index. 

            BASE METAL LEVELS
            CS COPPER (NOVEMBER) OVERVIEW:
            TREND : BULLISH 
            RESIST 2:404 
            RESIST 1:398 
            SUP1:387 
            SUP2:384
            CS NICKEL (NOV) OVERVIEW:
            TREND : BULLISH 
            RESIST 2: 800 
            RESIST 1: 785 
            SUP1: 774 
            SUP2: 760 
            CS ZINC (NOV)OVERVIEW:
            TREND :  BULLISH 
            RESIST 2:200.00 
            RESIST 1:197.00 
            SUP1:191.00 
            SUP2:187.00
            CS LEAD (NOV) OVERVIEW: 
            TREND :   BULLISH 
            RESIST 2: 172.00 
            RESIST 1: 170.00 
            SUP1: 165.00 
            SUP2: 163.00 

            CS ALUMINIUM (NOV) OVERVIEW: 
            TREND :   BULLISH 
            RESIST 2: 122.50 
            RESIST 1: 120.00 
            SUP1: 117.50 
            SUP2: 116.00 

            ENERGIES:- 
            Oil prices dipped on Tuesday on doubts that producer cartel OPEC will be able to hammer out a meaningful output cut during a meeting on Wednesday aimed at reining in a global supply overhang and propping up prices. 
            The Organization of the Petroleum Exporting Countries (OPEC) is meeting officially in Vienna on Wednesday to discuss a planned production cut in an effort to curb overproduction that has dogged markets and more than halved prices since 2014. 
            With a high degree of uncertainty going into the last 24 hours before the meeting, oil price volatility is expected to be high. 

            ENERGY LEVELS
            CS CRUDE OIL (DEC) OVERVIEW:                           
            TREND : SIDEWAYS 
            RESIST 2:3320 
            RESIST 1:3280 
            SUP1:3190 
            SUP2:3130 
            CS NATURAL GAS (DEC) OVERVIEW: 
            TREND : BULLISH 
            RESIST 2:239.00 
            RESIST 1:235.00 
            SUP1:226.00 
            SUP2:223.00 


                         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