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 - 02 JAN 2017

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


HIGH LIGHTS:-

  • NYMEX crude gains in holiday-thinned Asian trade. 
  • Gold prices decline on Friday.
    PRECIOUS METALS:- 

    The price of gold declined on intraday trading on Friday, but is still on track to finish the year with a 6% increase. Gold was trading at $1155.80 per ounce, down $2.90, or 0.21%. Silver was down too, at $16.04 per ounce, a decline of 0.17 cents, or 1.10%. Other commodity prices, including platinum, palladium, and copper, were rising on intraday trading. A major dip in the U.S. dollar index late this week is encouraging buying in the gold and silver. 
    Prices of gold and silver charts remain bearish, however. A rhetorical conflict between the U.S. and Russia was impacting the dollar, which also slammed precious metals. 
    Russia's foreign secretary called the U.S. "foreign policy losers" for issuing sanctions over alleged, unproven hacking allegations against Moscow, and over-the-top claims that social engineering, or hacking, of John Podesta's G-Mail account led to the overwhelming electoral college defeat of Hillary Clinton in the presidential election this fall. 


    PRECIOUS LEVEL

    CS GOLD (FEB) OVERVIEW:
    TREND : BULLISH 
    RESIST 2: 27750 
    RESIST 1: 27650 
    SUP 1: 27350 
    SUP 2: 27180 

    CS SILVER (MARCH) OVERVIEW:
    TREND :   BULLISH 
    RESIST 2: 40000 
    RESIST 1: 39700 
    SUP1: 38700 
    SUP2: 38400
    BASE METALS:-
    Copper March delivery has added 0.5 percent at $ 2.498.As 2017 New Year holiday falls on Dec. 31 to Jan. 2, there will be no update on SMM's website during the holiday period.  
    Nickel ore inventories at seven major Chinese ports kept dropping in the week ending Dec. 30, Shanghai Metals Market reported.  Nickel ore inventories at seven major Chinese ports were down 240,000 tones’ on a weekly basis, according to SMM data.  
    Over this past week, the Port of Lanshan and Lianyungang saw arrivals of 100,000 wmt and 120,000 wmt of goods, respectively. SMM survey finds.

    BASE METAL LEVELS
    CS COPPER (FEB) OVERVIEW:
    TREND :  SIDEWAYS 
    RESIST 2:385 
    RESIST 1:382 
    SUP1:375 
    SUP2:372

    CS NICKEL (JAN) OVERVIEW:
    TREND :  BEARISH 
    RESIST 2: 710 
    RESIST 1: 700 
    SUP1: 680 
    SUP2: 670
    CS ZINC (JAN)OVERVIEW:
    TREND :  SIDEWAYS 
    RESIST 2:178.00 
    RESIST 1:177.00 
    SUP1:172.00 
    SUP2:170.00 

    CS LEAD (JAN) OVERVIEW: 
    TREND :  BULLISH 
    RESIST 2: 140.00 
    RESIST 1: 139.00 
    SUP1: 135.00 
    SUP2: 133.00

    CS ALUMINIUM (JAN) OVERVIEW: 
    TREND : BEARISH 
    RESIST 2: 117.50 
    RESIST 1: 116.50 
    SUP1: 114.00 
    SUP2: 113.00 
    ENERGIES:- 
    U.S. crude oil prices drifted higher in Asia on Monday with most financial markets in the region closed to mark the New Year holiday. Crude for February delivery on the New York Mercantile Exchange rose 0.24% to $53.90 a barrel. Global benchmark Brent crude traded on London's Intercontinental Exchange was last quoted at $56.74 a barrel. 
    Investors await news of the adherence to combined production cuts by OPEC and non-OPEC nations near 1.8 million barrels per day that started at the New Year. A meeting in Kuwait later this month will assess progress. 
    Oil prices settled slightly lower on Friday, the year's last trading day, but attained their biggest annual gain since 2009, after OPEC and partners agreed to cut output to reduce a supply overhang that has depressed prices for two years. A two-rig rise in the oil rig count in the United States, the ninth weekly increase in a row, as reported by oilfield services provider Baker Hughes Inc, added to bearish sentiments. 
    ENERGY LEVELS
    CS CRUDE OIL (JAN) OVERVIEW:                           
    TREND :  SIDEWAYS 
    RESIST 2:3760 
    RESIST 1:3720 
    SUP1:3600 
    SUP2:3550 
    CS NATURAL GAS (JAN) OVERVIEW: 
    TREND : BEARISH 
    RESIST 2:258.00 
    RESIST 1:256.00 
    SUP1:249.00 
    SUP2:247.00 

                 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
    RELATED POSTS

    Click here for comments 0 comments: