HIGH LIGHTS:-
- LME Copper to Stay Range-Bound Trading.
- Brent, NYMEX gain in Asia ahead of API figures, China data awaited.
- Gold mostly steady in Asia as Fischer comments on rate outlook noted.
PRECIOUS METALS:-
Gold prices held mostly steady in Asia on Tuesday with comments from Fed Vice Chair Stanley Fischer noted as saying the central bank is "very close" to job and price targets that should trigger a rate hike. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were little changed at $1,256.75. Elsewhere in metals trading, silver futures for December delivery were up 0.05% at $17.483 a troy ounce. PRECIOUS LEVEL |
CS GOLD (DEC) OVERVIEW:
TREND : SIDEWAYSRESIST 2: 30100
RESIST 1: 29900
SUP 1: 29450
SUP 2: 29300
CS SILVER (DECEMBER) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 43300
RESIST 1: 43000
SUP1: 41200
SUP2: 40900
RESIST 2: 43300
RESIST 1: 43000
SUP1: 41200
SUP2: 40900
BASE METALS:-
LME copper is expected to fluctuate between USD 4,670-4,705/mt during Asian trading hours on Tuesday and SHFE 1612 copper will move at RMB 37,100-37,350/mt.The US dollar index fell overnight, but base metals remained weak, and should diverge at lows today.
US September CPI before seasonally adjusted is expected to improve. Annualized US September PPI was better than expected, with the growth the biggest since December 2014. Core PPI was also in line with market expectations, meaning US inflation is on the rise. US five-year breakeven ratio also expects US consumer goods index will rise at a 1.54% pace, the highest since May.
US September CPI before seasonally adjusted is expected to improve. Annualized US September PPI was better than expected, with the growth the biggest since December 2014. Core PPI was also in line with market expectations, meaning US inflation is on the rise. US five-year breakeven ratio also expects US consumer goods index will rise at a 1.54% pace, the highest since May.
BASE METAL LEVELS
CS COPPER (NOVEMBER) OVERVIEW:
TREND :BEARISH
RESIST 2:319
RESIST 1:317
SUP1:311
SUP2:309
RESIST 2:319
RESIST 1:317
SUP1:311
SUP2:309
CS NICKEL (OCT) OVERVIEW:
TREND : BEARISHRESIST 2:702
RESIST 1:695
SUP1:680
SUP2:670
CS ZINC (OCT) OVERVIEW:
TREND :BULLISH
RESIST 2:154.00
RESIST 1:153.00
SUP1:150.50
SUP2:149.50
RESIST 2:154.00
RESIST 1:153.00
SUP1:150.50
SUP2:149.50
CS LEAD (OCT) OVERVIEW:
TREND : SIDEWAYS
RESIST 2:135.00
RESIST 1:134.00
SUP1:131.50
SUP2:130.80
RESIST 2:135.00
RESIST 1:134.00
SUP1:131.50
SUP2:130.80
CS ALUMINIUM (OCT) OVERVIEW:
TREND : BEARISHRESIST 2:122.50
RESIST 1:111.50
SUP1:109.60
SUP2:108.70
ENERGIES:-
Crude oil prices held gains in Asia on Tuesday with industry data on U.S. inventories ahead expected to set the tone along with China data on growth, retail sales and industrial production due on Wednesday.The American Petroleum Institute will release its estimates of crude and refined product stockpiles in the U.S. at the end of last week late on Tuesday. The data will be followed on Wednesday with official figures from the U.S. Department of Energy.
Overnight, U.S. oil rose on Monday, and managed to stay above the $50 a barrel threshold as investors continued to eye the details of a planned output cut by the Organization of the Petroleum Exporting Countries.
ENERGY LEVELS
CS CRUDE OIL (OCTOBER) OVERVIEW:
CS CRUDE OIL (OCTOBER) OVERVIEW:
TREND :SIDEWAYS
RESIST 2:3440
RESIST 1:3400
SUP1:3300
SUP2:3270
RESIST 2:3440
RESIST 1:3400
SUP1:3300
SUP2:3270
CS NATURAL GAS (OCTOBER) OVERVIEW:
TREND :BEARISH
RESIST 2:225.00
RESIST 1:222.00
SUP1:213.00
SUP2:211.00
RESIST 2:225.00
RESIST 1:222.00
SUP1:213.00
SUP2:211.00
CLICK HERE FOR DETAILS - http://blog.capitalstars.com/
Click here for comments 0 comments: