MCX COMMODITY MARKET NEWS & LEVELS - 25 JAN 2017

Gold ease in Asia as Trump moves on policy goals.  
Gold prices fell in Asia on Wednesday with copper climbing down from sharp overnight gains as regional data sets showed unexpected gains in Japan exports and investors continued to mull the flurry of executive actions by President Donald Trump, including his latest tweet signaling a border all announcement on Wednesday in the U.S.  
Gold for February delivery on the Comex division of the New York Mercantile Exchange fell 0.30% to 1,207.15 a troy ounce. Also on the Comex, silver futures for March delivery fell 0.77% to $17.108 a troy ounce. Japan's annual exports grew 5.4% in December, the first time in 15 months, led by shipments of car parts and electronics, and well above a forecast of a 1.2% increase. Australia said inflation rose less than expected in the last quarter of 2016, up 0.5% in the fourth-quarter and 1.5% from the previous year. The Reserve Bank of Australia targets an annual inflation rate in the range between 2% to 3%. Overnight, copper soared on Tuesday in the U.S. with investors looking to a pickup in U.S. demand on expected tax cuts and infrastructure spending under the new administration and taking profits on recent gains for gold. 

LME Copper to See Range-Bound Trading. 
LME copper will strengthen and range at USD 5,855-5,955/mt on Wednesday and SHFE 1703 copper will move at RMB 47,000-48,000/mt. In China’s domestic market, spot copper should trade at discounts of RMB 250150/mt on Wednesday. Attention should be on US dollar index on Wednesday. LME lead will range between USD 2,350-2,400/mt and SHEF 1703 lead will move at RMB 18,500-19,000/mt. In China’s domestic market, spot lead should rise RMB 100/mt and trade at RMB 18,550-18,700/mt on Wednesday. 
 LME aluminum will stay firm on Wednesday with rumor of output reduction. The contract will move at USD 1,850-1,890/mt on Wednesday and SHEF 1703 aluminum will swing between RMB 13,900-14,200/mt. 

Crude mixed in Asia as API figures curb output cut enthusiasm. 
Crude prices were mixed in Asia on Wednesday as industry data on U.S. inventories put a dampener on recent upbeat sentiment related to global production cuts. Global benchmark Brent crude rose 0.16% on London's Intercontinental Exchange to $55.29 a barrel, while U.S. crude on the New York Mercantile Exchange fell 0.36% to $52.99 a barrel. 
Late on Tuesday figures showed U.S. crude stocks rose 2.9 million barrels at the end of last week, more than expected, according to the American Petroleum Institute (API) released Tuesday showed. API also said gasoline stocks rose 4.8 million barrels and distillate supplies gained 2.0 million barrels with supplies at the Cushing, Oklahoma, and oil hub down 100,000 barrels at the end of last week. 
Figures from the Energy Information Administration (EIA) report are due at 10:30 a.m. EST on Wednesday. The official EIA figures are expected to show a build of about 2.8 million barrels.

PRECIOUS LEVEL

CS GOLD (FEB) OVERVIEW:

TREND : BEARISH 
RESIST 2: 28820 
RESIST 1: 28680 
SUP 1: 28450 
SUP 2: 28350 

CS SILVER (MARCH) OVERVIEW:

TREND :  BEARISH 
RESIST 2: 42500 
RESIST 1: 42000 
SUP1: 41200 
SUP2: 40850

BASE METAL LEVELS

CS COPPER (FEB) OVERVIEW:

TREND : BULLISH 
RESIST 2:415 
RESIST 1:410 
SUP1:402 
SUP2:397

CS NICKEL (JAN) OVERVIEW:

TREND :  SIDEWAYS 
RESIST 2: 709 
RESIST 1: 690 
SUP1:660 
SUP2:650 

CS ZINC (JAN)OVERVIEW:

TREND :  BULLISH 
RESIST 2:195.00 
RESIST 1:193.00 
SUP1:189.00 
SUP2:187.00 

CS LEAD (JAN) OVERVIEW: 

TREND :   BULLISH 
RESIST 2: 166.00 
RESIST 1: 164.00 
SUP1: 160.50 
SUP2: 158.50

CS ALUMINIUM (JAN) OVERVIEW: 

TREND :  BULLISH 
RESIST 2: 129.00 
RESIST 1: 128.00 
SUP1: 126.00 
SUP2: 125.00

ENERGY LEVELS

CS CRUDE OIL (JAN) OVERVIEW:                           

TREND : SIDEWAYS 
RESIST 2:3710 
RESIST 1:3680 
SUP1:3560 
SUP2:3500

CS NATURAL GAS (JAN) OVERVIEW: 

TREND : BEARISH 
RESIST 2:231.00 
RESIST 1:228.00 
SUP1:220.00 
SUP2:215.00 

 CAPITALSTARS

             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