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MCX COMMODITY MARKET NEWS & LEVELS - 21 APR 2017

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Yukon Gearing Up For another Gold Rush as Majors Stake Their Claims. 
More than 100 years after the original gold rush that put the Yukon on the map, Canada’s western territory is gearing up for what some are expecting will be another important era in the region’s gold production. It has been almost a year since Goldcorp stepped into the Yukon, purchasing Kaminak Gold for more than $500 million. Since then two other majors have staked a claim in the territory in December. Agnico Eagle invested more than $14.5 million for a 20% stake in White Gold Corp., which has one of the largest exploration land packages in the Yukon. Finally, last month Newmont Mining announced it would spend $39.5 million to explore and develop Gold strike’s Plateau property.
According to Yukon mining executives, the growing interest from major mining companies has created renewed excitement to develop the region’s resource and many of them are capitalizing on this newfound interest.


Chalco Hikes Aluminum Prices Sharply in Major Markets on Apr. 21. 
China Aluminum International Trading Co. (Chalco Trading) raised aluminum prices it offered in major markets notably today after big cuts yesterday, it said on its WeChat.              
Freeport Indonesia Workers Plan Month-Long Strike, SMM Reports.  Freeport McMoran Inc Indonesia workers plan to launch a month-long strike against layoff from May 1, as the company slashed production in the time of a contract dispute with Indonesian government, according to foreign media. 

Oil prices set for biggest weekly drop in a month.  
Oil traded steady on Friday, though it was set for its biggest weekly drop in about a month over doubts that an OPEC-led production cut will restore balance to a market that has been dogged by oversupply for more than two years. Reuters' technical analyst Wang Tao said that WTI had support just above $50 per barrel, while Brent had support around $52.55. stable prices on Friday followed a more-than-3.5 percent fall in both benchmarks earlier this week as doubts emerged over the effect of an effort led by the OPEC to cut production by almost 1.8 million barrels per day (bpd) during the first half of the year.
The chief executive of France's oil major warned this week that prices could fall further due to rising U.S. production.

Precious Levels
CS GOLD (JUNE) OVERVIEW: 
TREND : BULLISH
RESIST 2: 29550
RESIST 1: 29400
SUP 1: 29100
SUP 2: 29000

CS SILVER (MAY) OVERVIEW: 
TREND : BEARISH
RESIST 2: 42300
RESIST 1: 41800
SUP1: 41000
SUP2: 40700

Base Metal Levels
CS COPPER (APRIL) OVERVIEW: 
TREND : BULLISH
RESIST 2:375
RESIST 1:370
SUP1:360
SUP2:356

CS NICKEL (APRIL) OVERVIEW: 
TREND : BEARISH
RESIST 2:635
RESIST 1:625
SUP1:600
SUP2:590

CS ZINC (APRIL) OVERVIEW: 
TREND : BULLISH
RESIST 2:175.50
RESIST 1:173.00
SUP1:165.00
SUP2:163.00

CS LEAD (APRIL) OVERVIEW: 
TREND : BEARISH
RESIST 2: 144.00
RESIST 1: 142.50
SUP1: 137.00
SUP2: 135.00

CS ALUMINIUM (APRIL) OVERVIEW: 
TREND : BULLISH
RESIST 2: 129.50
RESIST 1: 128.00
SUP1: 123.00
SUP2: 122.00

Energy Levels
CS CRUDE OIL (MAY) OVERVIEW: 
TREND : BEARISH
RESIST 2:3420
RESIST 1:3380
SUP1:3250
SUP2:3200

CS NATURAL GAS (APRIL) OVERVIEW: 
TREND : SIDEWAYS
RESIST 2:214.00
RESIST 1:210.00
SUP1:203.00
SUP2:200.00
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MCX COMMODITY MARKET NEWS & LEVELS - 20 APR 2017

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Gold Down on Profit Taking, Bearish Outside Market Forces. 
Gold prices were ending the U.S. day session lower Wednesday. Risk aversion in the world marketplace has receded a bit at mid-week and that’s a negative for the safe-haven metal. Generally higher world stock markets Wednesday also worked against the gold market. Some chart consolidation and profittaking from the shorter-term futures traders were featured in gold and silver markets after both scored five-month highs earlier this week.
Still on the front burner of the world marketplace are geopolitical concerns regarding the U.S. and North Korea stand-off, and U.S.-Russia relations. U.K. Prime Minister Theresa May surprised the marketplace on Monday by calling for snap general elections in June. The first round of the French presidential elections will be held Sunday. The second round will be on May 7. European market watchers are getting more nervous as the French elections approach and polls show tight races. This uncertainty remains an underlying bullish element for the safe-haven gold market.


Southern Copper Workers Ends Strike in Peru. 
Southern Copper Corporation’s workers ended the strike at Peru-based mine on Wednesday which lasted for 10 days, wenhua.com reported. The company said its output was not significantly affected by the strike. Labor Union SecretaryGeneral Campos said the company and workers will participate in a negotiation with Labor Ministry on Thursday.
Global Zinc Deficit Alleviates to 177,000 tons in First Two Months of 2017 World Bureau of Metal Statistics (WBMS) data show global zinc market was in 177,000 tonnes of deficit during January and February 2017, compared to 258,000 tonnes of deficit in 2016. Global refined zinc output added 6.0% year-on-year in the first two months of the year. Consumption was up 7%, with 87,000 tonnes from Japan, up 16% year-on-year.  

Oil prices claw back ground after sharp drop, buoyed by US crude stock dip.  
Crude Oil prices regained some ground on Thursday after steep losses the previous day, with a slight drop in U.S. crude inventories stoking hopes that a push to rein in global oversupply could be gathering at least some momentum. Price increases came after both crude benchmarks fell over 3.5 percent the previous day following a report of surging gasoline inventories as well as another rise in U.S. crude oil production to 9.25 million barrels per day (bpd), up almost 10 percent since mid-2016.
"The U.S. has now entered a seasonal period in which stockpiles are reduced during the summer driving season, hence the unexpected miss weighed heavily on prices," James Wood, investment analyst with Rivkin Securities, said in a note. U.S. gasoline stocks posted a counter-seasonal build of 1.5 million barrels, despite heavier refining activity.

Precious Levels
CS GOLD (JUNE) OVERVIEW: 
TREND : BULLISH
RESIST 2: 29550
RESIST 1: 29400
SUP 1: 29100
SUP 2: 29000

CS SILVER (MAY) OVERVIEW: 
TREND : BEARISH
RESIST 2: 42800
RESIST 1: 42300
SUP1: 41500
SUP2: 41200

Base Metal Levels
CS COPPER (APRIL) OVERVIEW: 
TREND : BEARISH
RESIST 2:368
RESIST 1:363
SUP1:353
SUP2:350

CS NICKEL (APRIL) OVERVIEW: 
TREND : BEARISH
RESIST 2:620
RESIST 1:610
SUP1:590
SUP2:580

CS ZINC (APRIL) OVERVIEW: 
TREND : BEARISH
RESIST 2:166.50
RESIST 1:165.00
SUP1:161.00
SUP2:160.00

CS LEAD (APRIL) OVERVIEW: 
TREND : BEARISH
RESIST 2: 143.00
RESIST 1: 141.50
SUP1: 135.00
SUP2: 133.00

CS ALUMINIUM (APRIL) OVERVIEW: 
TREND : BEARISH
RESIST 2: 126.50
RESIST 1: 125.00
SUP1: 121.00
SUP2: 120.00

Energy Levels
CS CRUDE OIL (MAY) OVERVIEW: 
TREND : BEARISH
RESIST 2:3420
RESIST 1:3380
SUP1:3250
SUP2:3200

CS NATURAL GAS (APRIL) OVERVIEW: 
TREND : SIDEWAYS
RESIST 2:214.00
RESIST 1:210.00
SUP1:203.00
SUP2:200.00
 CAPITALSTARS


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MCX COMMODITY MARKET NEWS & LEVELS - 19 APR 2017

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Gold nears 5-month top on weak dollar, geopolitical tensions. 
Gold turned higher on Tuesday, nearing the prior session's five-month peak, bolstered by a softer dollar, lower U.S. Treasury yields, North Korea tensions and nervousness ahead of the French presidential election. May's call added to a lengthening list of uncertainties for investors already on edge over geopolitical tensions that also include Syria, Afghanistan, Turkey and U.S. relations with Russia and China. Risk is skewed to the downside but underlying support is there with the focus on political uncertainties.
In France, investors remained nervous ahead of the first round of the country's presidential election this Sunday, even though an opinion poll put centrist Emmanuel Macron first, just ahead of far-right, anti-euro candidate Marine Le Pen. "The Fed is still probably on course to hike two more times this year," McKay said.


 Codelco Ceases Beneficiation Plant at Salvador Copper Mine. 
Codelco suspended its beneficiation plant at the Salvador copper mine after one senior executive died in an accident Tuesday, wenhua.com reported. The company said they are now investigating the accident which happened in the floatation area of the beneficiation plant. The Salvador copper mine produced 60,000 tonnes of copper in 2016, the lowest of all the company’s copper mines. It did not disclose when to restart the plant. SMM sees limited effect on copper market from this due to low output at the mine.
Southern Copper Corporation’s labor union said they will keep on fighting for salary at the railway line through which the company ships ore from the copper mine in Peru, according to FXStreet. Labor union official Efrain Centeno said about 3,000 miners took the ILO railway line, which has been suspended from the strike beginning on Monday, and they will keep on holding the railway line unless the company meets their demand. A negotiation between the company and the labor union will take place in Lima on Thursday. 

Oil prices dip on bloated U.S. market, mixed Saudi signals.  
Crude prices dipped on Wednesday as bloated U.S. supplies weighed on markets while a fall in Saudi crude exports was offset by rising production in the country. Although crude inventories fell by 840,000 barrels in the week to April 14 to 531.6 million barrels, still close to record highs, gasoline stocks rose by 1.4 million barrels as refinery crude oil runs increased by 334,000 bpd, the API said. Outside the United States, a fall in Saudi output as part of its planned production cuts for the first half of this year lent the market some support.
The Organization of the Petroleum Exporting Countries (OPEC), of which Saudi Arabia is the de-facto leader, together with other producers like Russia have agreed to cut output by almost 1.8 million barrels per day (bpd) during the first half of the year to rein in a global fuel supply overhang and prop up prices.

Precious Levels
CS GOLD (JUNE) OVERVIEW: 
TREND : BULLISH
RESIST 2: 29850
RESIST 1: 29700
SUP 1: 29300
SUP 2: 29150

CS SILVER (MAY) OVERVIEW: 
TREND : BEARISH
RESIST 2: 42800
RESIST 1: 42300
SUP1: 41500
SUP2: 41200

Base Metal Levels
CS COPPER (APRIL) OVERVIEW: 
TREND : BEARISH
RESIST 2:372
RESIST 1:368
SUP1:358
SUP2:355

CS NICKEL (APRIL) OVERVIEW: 
TREND : BEARISH
RESIST 2:630
RESIST 1:620
SUP1:595
SUP2:580
CS ZINC (APRIL) OVERVIEW: 
TREND : BEARISH
RESIST 2:166.50
RESIST 1:165.00
SUP1:161.00
SUP2:160.00

CS LEAD (APRIL) OVERVIEW: 
TREND : BEARISH
RESIST 2: 143.00
RESIST 1: 141.50
SUP1: 135.00
SUP2: 133.00

CS ALUMINIUM (APRIL) OVERVIEW: 
TREND : BEARISH
RESIST 2: 126.50
RESIST 1: 125.00
SUP1: 121.00
SUP2: 120.00

Energy Levels
CS CRUDE OIL (MAY) OVERVIEW: 
TREND : SIDEWAYS
RESIST 2:3480
RESIST 1:3430
SUP1:3350
SUP2:3300

CS NATURAL GAS (APRIL) OVERVIEW: 
TREND : SIDEWAYS
RESIST 2:211.00
RESIST 1:208.00
SUP1:200.00
SUP2:197.00
 CAPITALSTARS


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MCX COMMODITY MARKET NEWS & LEVELS - 18 APR 2017

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Gold pares gains from 5-month high despite geopolitical risks. 
Gold pared gains from a five-month high on Monday, losing steam as U.S. Treasury yields turned higher and the dollar came off its lows, after rising geopolitical tensions over North Korea spurred earlier safe-haven buying in bullion. North Korea on Sunday made what was believed to be a failed missile test launch, increasing geopolitical risks. Regional tensions have risen over the past weeks as U.S. President Donald Trump has taken a tough rhetorical line with Pyongyang. Will likely retain a measure of strength heading into the French elections in about one week's time, while ongoing tensions in North Korea should also keep the markets rather nervous," said INTL FCStone analyst Edward Meir. With the first round of France's presidential election on April 23, an unpredictable outcome is pushing some pollsters to calculate the most extreme runoff scenarios. Uncertainties over Trump's policy toward North Korea have been growing.


Where Will Aluminum Prices Head After Surprise Jump? 
Two factors fueled the price surge. First, the government of Changji, Xinjiang, issued Notice on Halting Construction of Illegal Aluminum Capacity on its website on April 14. Second, rumor was flying that the National Development & Reform Commission (NDRC) released “2017 656” document, which is about issuing notice on “Action Program on Cracking Down on Illegal Projects in Aluminum Industry”. This sparked expectations for tightening control on the supply side. Three companies were targeted in the notice issued by Changji government: 800,000-tpy at Xinjiang East Hope Nonferrous Metals (located in Xinjiang Zhundong Economic Tech Development Zone), 800,000-tpy at Xinjiang Qiya Aluminum (located in Xinjiang Zhundong Economic Tech Development Zone), and 400,000-tpy at Xinjiang Jiarun Resources (located in Manasi Industrial Park). Rumor surrounding the NDRC document began on April 16. Rumor about capacity cut, which has been flying around for more than two months, may come true. The NDRC is likely to issue “Action Program on Cracking Down on Illegal Projects in Aluminum Industry” on its website soon. 

Oil prices mixed after U.S. production seen rising. 
Crude oil prices were mixed in thin trading on Tuesday after the Easter holiday break shut many markets for as long as four days and a U.S. government report indicated rising production, which may keep a cap on prices after recent gains. U.S. shale production in May is likely to post the biggest monthly gain in more than two years, government data showed on Monday, as producers have stepped up the pace of drilling with oil prices holding above $50 a barrel. May output is expected to rise by 123,000 barrels per day to 5.19 million bpd, according to the U.S. Energy Information Administration's drilling productivity report. If that is right, May will have the biggest monthly increase since February 2015 and the highest monthly production level since November 2015.

Precious Levels
CS GOLD (JUNE) OVERVIEW: 
TREND : BULLISH
RESIST 2: 29650
RESIST 1: 29500
SUP 1: 29150
SUP 2: 29000

CS SILVER (MAY) OVERVIEW: 
TREND : BULLISH
RESIST 2: 43000
RESIST 1: 42500
SUP1: 42000
SUP2: 41700

Base Metal Levels
CS COPPER (APRIL) OVERVIEW: 
TREND : BEARISH
RESIST 2:375
RESIST 1:370
SUP1:363
SUP2:360

CS NICKEL (APRIL) OVERVIEW: 
TREND : BEARISH
RESIST 2:650
RESIST 1:640
SUP1:615
SUP2:600

CS ZINC (APRIL) OVERVIEW: 
TREND : SIDEWAYS
RESIST 2:172.50
RESIST 1:171.00
SUP1:166.00
SUP2:165.00

CS LEAD (APRIL) OVERVIEW: 
TREND : SIDEWAYS
RESIST 2: 149.50
RESIST 1: 148.50
SUP1: 143.00
SUP2: 141.00

CS ALUMINIUM (APRIL) OVERVIEW: 
TREND : BULLISH
RESIST 2: 127.00
RESIST 1: 126.00
SUP1: 124.50
SUP2: 123.50

Energy Levels
CS CRUDE OIL (APRIL) OVERVIEW: 
TREND :BEARISH
RESIST 2:3480
RESIST 1:3430
SUP1:3350
SUP2:3300

CS NATURAL GAS (APRIL) OVERVIEW: 
TREND : BEARISH
RESIST 2:211.00
RESIST 1:208.00
SUP1:200.00
SUP2:197.00
 CAPITALSTARS


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MCX COMMODITY MARKET NEWS & LEVELS - 17 APR 2017

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Gold heads for best week since June on Korea, Mid East jitters. 
Gold eased back from the previous day's five-month high on Friday, but stayed on track for its strongest week since June as concerns over North Korea and the Middle East sent investors scurrying for the safety of bullion and the dollar wilted. Market liquidity was thin due to Good Friday and Passover holiday observances around the world. The market for U.S. Treasuries finished trading early on Thursday, and will be closed on Friday.
Spot gold was $1,284.81 an ounce at 1435 GMT, down 0.2 percent. Prices peaked on Tuesday at $1,288.64 an ounce, their highest since early November. "The further deterioration in the U.S. relationship with Russia and North Korea this week has supported the prices of precious metals," Capital Economics said in a weekly note. "A weaker dollar, in light of President Trump's comments about the risk to the U.S. economy from a rise in the dollar, has also helped to boost the price of gold."


Peru’s Copper Output Sees Slowest Growth in 2 Years in February. 
Peru Energy & Mines Ministry data show the country’s copper output increased 5.42% year-on-year to 178,283 tonnes in February 2017, wenhua.com reported. The country’s mining industry only grew 47% in February, compared to 33.59% in the same period of last year.
Extraordinary rainstorm took a toll on the country’s road and other facilities this year. The country’s copper production added 38.4% year-on-year to 2.35 million
metric tonnes in 2016.  Combined zinc inventories in Shanghai, Tianjin and Guangdong decreased 30,200 to 229,300 tonnes last week, SMM data show. Shanghai and Guangdong witnessed fewer arriving shipments and big growth in outward shipments. Inventories in Tianjin only declined slightly. Production at local downstream manufacturers was restricted by environmental protection, SMM said.  

Oil down slightly in subdued trade after failed North Korean missile test.  
Crude oil futures fell slightly in quiet trading on Monday, after a three-day Easter break, as investors digested a third consecutive weekly gain in prices along with North Korea's failed missile launch on Sunday.
The subdued start to this week came as markets braced for more geopolitical tensions over North Korea, after its attempted launch on Sunday of a ballistic missile failed as the projectile blew up almost immediately. United States is working with allies and China on responses to the failed test, U.S. President Donald Trump's national security adviser said on Sunday. Crude traders and investors in Asia also had their first chance to assess a 13th consecutive increase in the rig count by drillers of U.S. shale oil. Energy services firm Baker Hughes said on Thursday that drillers added 11 oil rigs in the week to April 13, bringing the total count up to 683.  

Precious Levels
CS GOLD (JUNE) OVERVIEW: 
TREND : BULLISH
RESIST 2: 29750
RESIST 1: 29650
SUP 1: 29300
SUP 2: 29150

CS SILVER (MAY) OVERVIEW: 
TREND : BULLISH
RESIST 2: 43500
RESIST 1: 43000
SUP1: 42400
SUP2: 42000

Base Metal Levels
CS COPPER (APRIL) OVERVIEW: 
TREND : BEARISH
RESIST 2:375
RESIST 1:370
SUP1:363
SUP2:360

CS NICKEL (APRIL) OVERVIEW: 
TREND : BEARISH
RESIST 2:650
RESIST 1:640
SUP1:615
SUP2:600

CS ZINC (APRIL) OVERVIEW: 
TREND : BEARISH
RESIST 2:172.50
RESIST 1:171.00
SUP1:165.00
SUP2:164.00

CS LEAD (APRIL) OVERVIEW: 
TREND : SIDEWAYS
RESIST 2: 149.50
RESIST 1: 148.50
SUP1: 143.00
SUP2: 141.00

CS ALUMINIUM (APRIL) OVERVIEW: 
TREND : BEARISH
RESIST 2: 127.00
RESIST 1: 125.50
SUP1: 122.50
SUP2: 121.50

Energy Levels
CS CRUDE OIL (APRIL) OVERVIEW: 
TREND :BEARISH
RESIST 2:3480
RESIST 1:3430
SUP1:3350
SUP2:3300

CS NATURAL GAS (APRIL) OVERVIEW: 
TREND : BEARISH
RESIST 2:214.00
RESIST 1:210.00
SUP1:203.00
SUP2:200.00
 CAPITALSTARS


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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