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 !!.

DAILY COMMODITY MARKET NEWS & LEVELS – 06 SEP 2016

Best MCX Tips, Commodity Trading Tips, crude oil tips, gold tips, gold trading tips, Indian Share Market Tips, MCX tips services, silver tips,

HIGH LIGHTS:-

Gold prices gain smartly in Asia as Fed rate hike views dominate.
Brent extends gains after Russia, Saudi Arabia sign pact.
LME Copper to Stay Range-Bound.
PRECIOUS METALS:- 
Gold gained in Asia on Tuesday as investors continued to mull the chances of a Fed rate hike this month in the wake of weaker than expected U.S. jobs data at the end of last week.
Gold for December delivery on the Comex division of the New York Mercantile Exchange rose 0.31% to $1,330.85 a troy ounce. Silver futures on the Comex for December delivery added 1.35% to $19.627 a troy ounce.
Overnight, gold prices held steady near a one-week high during North American hours on Monday, as trade volumes were expected to remain light with many investors in the U.S. away for the Labor Day holiday.

CS GOLD (OCT) OVERVIEW:
PRECIOUS LEVEL

TREND : BEARISH
RESIST 2: 31300
RESIST 1: 31100
SUP 1: 30850
SUP 2: 30700
CS SILVER (DECEMBER) OVERVIEW:
TREND : BULLISH
RESIST 2: 47500
RESIST 1: 47000
SUP1: 45750
SUP2: 45200
BASE METALS:-
LME copper should range at USD 4,615~4,655/mt on Tuesday and SHFE 1611 copper will move at RMB 36,400~36,750/mt with positive technical indicator.
US August LMCI, the US IBD consumer confidence index in September and eurozone annualized Q2 GDP are slated for release today. Base metals are expected to diverge today.Disappointing US non-farm employment and salary figures in August bode ill for US CCI.
Market expectations of a Fed rate hike in September decreased due to weakening non-farm payrolls in the US. US non-farm employment data are expected to be revised upwardly significantly. Should the LMCI extend gains in August, the US dollar index will receive a boost.The European Central Bank will announce its interest rate decision for September this Thursday.
BASE METAL LEVELS
CS COPPER (NOVEMBER) OVERVIEW:
TREND : BEARISH
RESIST 2:316
RESIST 1:314
SUP1:310
SUP2:307
CS NICKEL (SEPTEMBER) OVERVIEW:
TREND :BULLISH
RESIST 2:693
RESIST 1:680
SUP1:660
SUP2:650
CS ZINC (SEPTEMBER) OVERVIEW:
TREND :BEARISH
RESIST 2:157.20
RESIST 1:156.60
SUP1:155.00
SUP2:154.00
CS LEAD (SEPTEMBER) OVERVIEW: 
TREND : BULLISH
RESIST 2:131.30
RESIST 1:130.90
SUP1:129.00
SUP2:128.00
CS ALUMINIUM (SEPEMBER) OVERVIEW: 
TREND : BEARISH
RESIST 2:107.00
RESIST 1:105.70
SUP1:104.00
SUP2:103.30
ENERGIES:- 
Crude prices extended gains on Tuesday, buoyed after top producers Russia and Saudi Arabia agreed to cooperate on stabilizing the oil market, but a lack of immediate action to rein in output capped gains.London Brent crude for November delivery was up 12 cents at $47.75 a barrel by 0330 GMT (1130 ET), after settling up 80 cents on Monday.
The global benchmark on Monday hit a near one-week high of $49.40 after the Russia-Saudi news, but has since pared gains after Saudi Energy Minister Khalid al-Falih said there was no need now to freeze production. He added, however, that freezing output was one of the preferred possibilities.
ENERGY LEVELS
CS CRUDE OIL (SEPTEMBER) OVERVIEW:   
                        
TREND :BULLISH
RESIST 2:3120
RESIST 1:3060
SUP1:2950
SUP2:2900
CS NATURAL GAS (SEPTEMBER) OVERVIEW: 
TREND :BEARISH
RESIST 2:188.00
RESIST 1:186.00
SUP1:181.00
SUP2:178.00


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

Click here for comments 2 comments:

avatar

The foreign exchange market ( Forex ) is the largest market in the world for the trading of currencies.

avatar

This is the best site and also best information that I got here only. You made a good site it very help us. Thank you for giving us such a great and useful suggestions and tips they very nice and amazing. Thank you all.
http://www.sapschool.in/