MCX Commodity Market Outlook

PRECIOUS METALS

 

MARKET ROUNDUP

Precious metals prices fell again on Friday as hawkish comments on U.S. interest rates from a top Federal Reserve official helped lift the U.S. dollar, and as buyers continued to cash in on this week's price rally.

 

IN FOCUS

SPDR Gold Trust GLD, the world's largest gold-backed exchangetraded fund, said its holdings stood at 939.94 down 10.68 tonnes, from previous business day.

 

Holdings of the largest silverbacked exchange-traded-fund (ETF), New York's iShares Silver Trust SLV, stood at 11281.84 tonnes, remain unchanged from previous business day.

FUNDAMENTAL OUTLOOK

Precious metals are trading lower on COMEX today. We expect prices to trade lower for the day as hawkish comments from U.S. Federal Reserve officials late last week raised bets on a rate hike as early as September.

 

BASE METALS

MARKET ROUNDUP

Industrial metal price slipped in thin trade on Friday, weighed by a stronger dollar, weak oil prices and concern about Europe's economy after German exports tumbled, with zinc at its lowest in more than a week.

 

FUNDAMENTAL OUTLOOK

 

Industrial metals are trading lower on International bourses today. We expect prices to trade lower for the day, after risk aversion roiled wider markets, and investors turn increasingly bearish on the metal given prospects for rising supply.

 .

Latest updates on commodity market with fundamental analysis and accurate Free MCX Market Tips on mobile.

ENERGY

MARKET ROUNDUP

 

Crude oil prices fell 4 percent on Friday, paring most of the previous session's rise as traders noted that a tropical storm was behind this week's unexpected slump in U.S. crude inventories.

 

FUNDAMENTAL OUTLOOK

 

Crude oil is trading lower on NYMEX today. We expect prices to trade lower, after U.S. oil drillers added rigs to look for new production as producers adapt to cheaper crude, with speculators cutting positions betting on further price rises.

Free MCX Market Tips, Commodity Market Updates

INTERNATIONAL MARKET UPDATE

GOLD $ 1342.95

SILVER $ 19.703,

COPPER $313.95,

CRUDE OIL $ 47.24,

INR 66.531.

Strating investing in commodity market with free mcx market tips free trial on mobile with full support. 

Bullion Market Tips, Market RoundUp

BASE METALS OUTLOOK

Industrial metal price prices hit two-week highs on Wednesday as growing expectations the U.S. Federal Reserve will hold U.S. interest rates steady kept the dollar under pressure, but worries about Chinese demand limited gains.

IN FOCUS

1.     China's imports of copper fell 2.8 percent from month ago to 350,000 tonnes in August, data from the General Administration of Customs showed.  

2.     China exported 410,000 tonnes of unwrought aluminium and aluminium products, including primary, alloy and semi-finished aluminium products, in August, up from July's 390,000 tonnes.  

3.     Chile's state-owned Codelco, the world's biggest copper miner, expects to resolve a strike by workers at its smallest mine, Salvador, in the coming days, Chief Executive Nelson Pizarro said on Tuesday

It is interesting way to trade in commodity market only once when accuracy of calls our maintained, in this case we maintain our accuracy level of calls with full support, join offer and get bullion market tips and earn profit.

FUNDAMENTAL OUTLOOK

Industrial metals are trading higher on International bourses today. We expect prices to trade higher for the day, after a string of softening economic reports pushed back U.S. rate hike expectations and undermined the dollar, while markets waited on China trade data due later.

Commodity Outlook, MCX Market Tips

PRECIOUS METALS

MARKET ROUNDUP

Precious metals prices dipped on Wednesday, losing momentum due to profit-taking after it soared by the most in over two months in the previous session on economic data that weakened the case for an imminent U.S. rate hike.

IN FOCUS  

• ·    SPDR Gold Trust GLD, the world's largest gold-backed exchangetraded fund, said its holdings stood at 951.81 down 0.33 tonnes, from previous business day.  
• ·     Holdings of the largest silverbacked exchange-traded-fund (ETF), New York's iShares Silver Trust SLV, stood at 11281.84 up 35.44 tonnes, from previous business day.

Trade in precious metal os mcx commodity segment like gold, silver, copper and many more, we offer free mcx market tips on mobile and accuracy our maintain.

  

FUNDAMENTAL OUTLOOK

Precious metals are trading higher on COMEX today. We expect prices to trade higher for the day as the dollar slipped and investors awaited cues on monetary stimulus from a European Central Bank policy meeting due later in the day.

Bullion Market Overview, Oil Prices Up

Oil prices up in Asia as dollar weakens 

The NCDEX October soybean prices retreated from their previous close to end at INR 3,267 per 100 kg. The soybean spot trade remained subdued as traders expect prices to correct further with the new crop arrivals in the looming.

The RM seed futures, however, posted gains on account of depleting stocks and rising demand for edible oil. The September contract rose 0.42% to close at INR 4,235 per 100 kg.

As oil prices up in Asia, it’s a good chance for investor to invest in crude oil, we offer bullion market tips with analysis of mcx commodity market and accuracy.

The domestic demand for edible oils is likely to increase in the days to come and the import of palm oil is likely to surge. The CPO futures at MCX depicted a strong uptrend with rising Malaysian export orders and a weaker currency. However, rising production and competition from soy oil may cap the gains.

Free MCX Market Tips with Technical Views and News

MCX Gold prices has witnessed breakout of its Rising wedge pattern at 30850 levels on hourly time frame. On the other hand, prices have been trading above 21 HEMA on hourly time frame. For now we expect prices should move higher towards 31300 levels in the coming trading sessions.

MCX Silver prices has observed breakout of Falling wedge pattern at 44969 levels on hourly chart. Furthermore, MCX Silver prices are trading above its 50 HEMA on hourly time frame. For now we expect prices to move higher towards 47150 levels in few trading sessions.

MCX Crude oil prices have taken support of its trend line on hourly time frame. For now we expect prices to move higher towards 3075 levels in coming trading sessions.

Trade with free service and premium service on commodity market with free mcx market tips service. All the services are based on technical analysis by experts.

Fundamental News:

1. Gold drifted lower in Asia on Monday with comments from the G-20 summit in China eyed for global coordination on monetary and fiscal policies.
2. Gold prices held near a one-week high during European hours on Monday, as disappointing U.S. employment data diminished the likelihood that the Federal Reserve will raise interest rates at its policy meeting later this month.
3. 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.
4. Oil prices jumped Monday on reports of Saudi, Russian cooperation on output.
5. Saudi Arabia and Russia signed a joint statement Monday to cooperate on stabilizing oil markets.
6. Oil jumped Monday after Saudi Arabia and Russia agreed to cooperate to stabilize the market.
7. Oil prices spiked sharply during European hours on Monday, amid reports that Saudi Arabia and Russia will work together to support the market, fueling hopes of an output freeze.
8. Oil prices trimmed earlier gains during North American hours on Monday, after an announcement from Saudi Arabian and Russian officials failed to live up to market expectations.

Free MCX Market Tips with Support Level

MCX SUPPORT & RESISTANCE LEVEL

GOLD JUNE FUTURE

R2–31212,

R1 -30910,

S1-30650,

S2-30450,

SILVER JULY FUTURE

R2 –46180,

R1- 45892,

S1-44992,

S2-44654,

CRUDE OIL JUNE FUTURE

R2 –3050,

R1-3000.

S1-2850,

S2-2800,

COPPER JUNE FUTURE

R2 –321,

R1-316,

S1-308,

S2-302.

Join now best advisory company and get accurate levels on commodity market like free mcx market tips services on mobile. All support levels are provided in both free trial and premium services.

Free Energy Tips, Crude Oil News

Energy

Crude Oil

WTI oil prices declined by 1.4 percent on Monday to close at $47 per barrel snapping two consecutive days of gains, on renewed concerns about an oil glut, a stronger dollar and expectations that Nigerian rebels will stop hampering that country's crude output.

Free Energy Tips U.S. crude stockpiles likely rose for a second straight week last week, building by 1.3 million barrels, a Reuters poll showed. That came on top of Iraq's pledge at the weekend to ship more crude after a ramp up of exports from its southern ports in August. Nigerian rebels pledged to end hostilities against the industry in Africa's No. 1 producer, which they repeatedly attacked earlier this year by blowing up pipelines.

Oil rallied from early August until the middle of last week after hints by Saudi Arabia and fellow members of the Organization of the Petroleum Exporting Countries that they might agree to an output freeze with non-OPEC oil producers at a meeting in Algeria on Sept. 26-28.

Outlook

On an intraday basis, we expect oil prices to trade lower as global oil markets remain well supplied from the OPEC as well as Non-OPEC nations. Although, the meeting of the oil producers next month will be a close watch, oil inventories globally remain very high in the OECD nations as well as in the US.

On the MCX, oil prices are expected to trade lower today.

Bullion Market Tips, MCX Outlook

Gold

On Monday, spot gold prices rose by 0.16 percent to close at $1323 per ounce as prices rebounded from a near five-week low on account of weak dollar, shrugging off earlier pressure by top Federal Reserve officials' comments fuelling speculation that U.S. interest rates would rise sooner rather than later.

Bullion Market Tips Speaking at a meeting of leading central bankers in Jackson Hole, Wyoming, Fed Chair Janet Yellen said on Friday that an improvement in the economy had boosted the case for another rate rise, while Vice Chair Stanley Fischer said the U.S. central bank was still on track to lift rates this year.

The CME Group's FedWatch tool showed the market pricing in more than a 30 percent chance of a hike in September, up from 18 percent before Yellen and her deputy Fischer spoke.

On the MCX, gold prices rose marginally by 0.25 percent to close at Rs.31255 per 10 gms.

Outlook

On an intraday basis, we expect gold prices to trade lower as markets expect more chance of a rate hike in September meeting after comments from Janet Yellen and Stanley Fischer. Besides, profit booking at higher levels will act as a negative factor for gold prices.

On the MCX, gold prices are expected to trade lower today. International markets are trading flat today.

Commodity Tips, Gold Inches Down

Gold inches down on steady dollar,Fed rate hike remains on cards

Gold edged lower early on Monday as the dollar strengthened after hawkish comments from Federal Reserve Chair Janet Yellen left the door open for a US interest hike as early as next month. 

Commodity Tips FUNDAMENTALS

• Spot gold had dipped 0.33 percent to USD 1,316.46 per ounce at 0120 GMT. The metal closed last week down 1.5 percent.

• US gold futures fell 0.48 percent to USD 1,319.60. 

• Gold is highly-sensitive to rising US interest rates, which increase the opportunity cost of holding non-yielding bullion while boosting the dollar, in which it is priced. 

 MCX SUPPORT & RESISTANCE LEVEL

GOLD JUNE FUTURE

R2–31642,

R1 -31470,

S1-30970,

S2-30670,

SILVER JULY FUTURE

R2 –45880,

R1- 45112,

S1-43412,

S2-43014,

CRUDE OIL JUNE FUTURE

R2 –3270,

R1-3200.

S1-3100,

S2-3050,

COPPER JUNE FUTURE

R2 –324,

R1-319,

S1-304,

S2-299.

MCX Market Tips, Oil Prices Fall

Oil prices fell about 1 percent on Monday as Iraq's production rose and Iran said it would only cooperate in producer talks to freeze output if fellow exporters recognised its right to fully regain market share. International Brent crude oil futures were trading at USD 49.40 per barrel at 0145 GMT, down 52 cents, or 1.0 percent, from their previous close. 

U.S. West Texas Intermediate (WTI) crude futures were down 58 cents, or 1.2 percent, at USD 47.06 a barrel. 

MCX Market Tips INTERNATIONAL MARKET UPDATE

GOLD $ 1319.95

SILVER $ 18.430,

COPPER $308.00,

CRUDE OIL $ 47.04,

INR 67.155.

Free Energy News, Coal Updates

State-owned Coal India's 66 projects are facing delays due to reasons including land acquisition problem as well as rehabilitation and resettlement issues.

Free Energy Tips "Out of the 123 coal mining projects (of Coal India) costing Rs 20 crore and above, 57 projects are running on schedule and 66 are delayed," an official said.

The PSU is eyeing one billion tonnes of coal output by 2020. 

In 2015-16 six projects have started coal production.

Coal India (CIL) accounts for over 80 percent of domestic coal production. 

Crude Oil News, MCX Market Tips

Crude Oil News: Shares of  Oil Country Tubular   gained 13.5 percent intraday Friday as it has decided to restart it plant operation situated at Sreepuram. 

Free MCX Market Tips At 09:36 hrs Oil Country Tubular was quoting at Rs 28.45, up Rs 2.50, or 9.63 percent. 

The company's management has decided to lift the lock out of its factory at Sreepuram, Narketpally Mandal with effect from August 29, 2016. 

The company had reported net loss of Rs 13.56 crore in the quarter ended June 2016 against net loss of Rs 11.17 crore, in the same period last year. 

MCX Market Tips, International Market News, MCX Support Level

INTERNATIONAL MARKET UPDATE

GOLD $ 1329.15

SILVER $ 18.568,

COPPER $308.55,

CRUDE OIL $ 46.76,

INR 67.120.

Free MCX Market Tips MCX SUPPORT & RESISTANCE LEVEL

GOLD JUNE FUTURE

R2–31642,

R1 -31470,

S1-30970,

S2-30670,

SILVER JULY FUTURE

R2 –45880,

R1- 45112,

S1-43412,

S2-43014,

CRUDE OIL JUNE FUTURE

R2 –3270,

R1-3200.

S1-3100,

S2-3050, 

COPPER JUNE FUTURE

R2 –324,

R1-319,

S1-304,

S2-299.

Ending a long-run dispute over its shareholding, leading commodity exchange MCX today said it has entered into an agreement with stock bourse MSEI to settle their dispute over warrant cancellation out of court.

After the settlement, MCX' stake in Metropolitan Stock Exchange of India (MSEI) will increase to 14.99 percent from the current about 3.9 percent. 

As per the regulatory norms, a commodity exchange cannot hold more than 15 percent in any stock exchange. 

Janmashtami Special Offer

Dear all

Happy Janmashtami,

Krishna Janmashtami is an annual celebration of the birth of the Hindu deity Krishna, the eighth avatar of Vishnu.

On this festival Tradtips bring the special offer. TradTips is the part of Tradeindia Research which is the best advisory company. On this beautiful festival we offer 20% discount on all services one of them is MCX Market Tips till 25 August 2016 11:59:59 PM.

HURRY UP……JOIN NOW CLICK ON THE IMAGE

"श्री कृष्ण गोविन्द हरे मुरारी , हे नाथ नारायण वासुदेवा , एक मात स्वामी सखा हमारे , हे नाथ नारायण वासुदेवा.. जय श्री कृष्ण"

May the Krishna Lord always give you many reasons to be happy.

Silver Price Updates, MCX Support Level

"Silver is coming fast, the effect will not raise interest rates." Monday's turnover of Rs 1, even though silver has declined but in the long term bullish sentiment in silver have dominated. Federal Reserve to raise interest rates will not impact on silver prices.

Free Base Metal Tips MCX SUPPORT & RESISTANCE LEVEL

GOLD JUNE FUTURE

R2–31842,

R1 -31670,

S1-31070,

S2-30750,

SILVER JULY FUTURE

R2 –45440,

R1- 46140,

S1-44010,

S2-43540,

CRUDE OIL JUNE FUTURE

R2 –3290,

R1-3250.

S1-3150,

S2-3100,

COPPER JUNE FUTURE

R2 –326,

R1-320,

S1-314,

S2-310.

Industrial demand is growing

The solar industry is growing rapidly. Solar industry in total silver demand in 2016 is estimated at 13 per cent, similar Athanail silver oxide production is estimated at 25 per cent of the demand.

In the domestic market during the festive season

Silver starts the festival season demand in the domestic market is likely to grow. Silver is used for jewelery in India Upoyg. Also, silver demand is expected to grow in the global market. Signs of improvement in the US economy and China's silver demand Instriyl.

• Prices can go up to 50 thousand 

Bullion Market Tips, MCX Support Level

MCX SUPPORT & RESISTANCE LEVEL

GOLD JUNE FUTURE

R2–31842,

R1 -31670,

S1-31070,

S2-30750,

SILVER JULY FUTURE

R2 –45440,

R1- 46140,

S1-44010,

S2-43540,

CRUDE OIL JUNE FUTURE

R2 –3290,

R1-3250.

S1-3150,

S2-3100,

COPPER JUNE FUTURE

R2 –326,

R1-320,

S1-314,

S2-310.

Bullion Market Tips Oil prices fall as analysts say market still oversupplied 

International Brent crude oil futures were trading at USD 48.54 per barrel at 0235 GMT (1035 ET), down 62 cents, or 1.26 percent, from their last close. 

Bullion Market Tips with Support Level

MCX SUPPORT & RESISTANCE LEVEL

GOLD JUNE FUTURE

R2–31842,

R1 -31670,

S1-31070,

S2-30750,

Free trading advice on Bullion Market Tips with accuracy calls and 24*7 customer service.

SILVER JULY FUTURE

R2 –46940,

R1- 46640,

S1-45900,

S2-45400,

CRUDE OIL JUNE FUTURE

R2 –3200,

R1-3150.

S1-3000,

S2-2950,

COPPER JUNE FUTURE

R2 –330,

R1-325,

S1-315,

S2-310.

Bullion Market Tips with High Level Accuracy

Turmeric trading range for the day is 7510-7818.    

Bullion Market Tips is the best segment to investment. Check accuracy level calls.

Turmeric dropped on expectation of weak spot demand due to quality issues and good  health of new season crop in south Indian states.   

Turmeric acreage in Telangana as on 10 Aug was up 14 % at 43,000 hectares as  compared to 38,000 hectares last year.    

At Warangal market estimated market supply was at 300 bags, higher by 100 bags as  compared to previous day.

Free MCX Market Tips with Support Level

MCX SUPPORT & RESISTANCE LEVEL

GOLD JUNE FUTURE

R2–31842,

R1 -31670,

S1-31070,

S2-30750,

Get daily news updates and trading tips by highly expert research team, get now free mcx market tips. 

SILVER JULY FUTURE

R2 –46940,

R1- 46640,

S1-45900,

S2-45400,

CRUDE OIL JUNE FUTURE

R2 –3200,

R1-3150.

S1-3000,

S2-2950,

COPPER JUNE FUTURE

R2 –330,

R1-325,

S1-315,

S2-310.