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Showing posts with label Gold tips. Show all posts
Showing posts with label Gold tips. Show all posts

Monday, 13 August 2018


Nothing bullish happening for Gold Right Now.

In other words, when it comes to a segment as volatile and sentiment-dependent as the precious metals, we are in the kill zone. That can be read a couple of different ways. First, the inflationist gold bugs are getting exterminated as the US dollar first rose and since have stubbornly refused to take a pullback. But the time to buy the gold sector is pretty reliably when the bugs are dead or at least hiding deep in the woodwork; so deep that you’d not even know they are still there. Just as you should have caution when gold bugs are trumpeting loudly, you should be brave when they are in full retreat… or worse, dead. So the ‘Kill Zone’ can also be viewed as an opportunity, like when a target is “in the kill zone”; and from the perspective of the following charts and graphics, the sector is in that zone now.

Copper failed to climb above the $6,200/mt level and fell to near $6,150/mt on Friday in LME.

LME copper failed to climb above the $6,200/mt level and fell to near $6,150/mt on Friday while the SHFE 1810 contract hovered at 49,600-49,850 yuan/mt. Open interest for SHFE copper rebounded above 600,000 lots. We expect LME copper to trade at $6,120-6,170/mt today with the SHFE 1810 contract at 49,350-49,800 yuan/mt. Spot premiums are seen at 20-60 yuan/mt.

As the dollar strengthened nickel fell down. 

As the dollar strengthened, LME nickel on Friday tumbled past the 20-day moving average to $13,625/mt before it recovered some losses and closed at $13,805/mt. The SHFE 1811 contract on Friday night opened lower, hovered at just above its daily moving average and closed at 113,210 yuan/mt. We expect LME nickel to hover around $13,800/mt today and the SHFE 1811 contract to trade at 112,500-113,500 yuan/mt. Spot prices are seen at 111,800-114,000 yuan/mt.

Oil dips as trade tensions drag; Iran sanctions provide some support.

Oil prices dipped on Tuesday as rising trade tensions dented the outlook for fuel demand growth especially in Asia, although U.S. sanctions against Iran still pointed towards tighter supply. Signs of slowing economic growth and lower fuel demand increases, especially in Asia's large emerging markets are weighing on the oil markets. growth from Asia in general is being called into question. This due to the negative impact of trade wars, a stronger dollar and rising funding costs," Ole Hansen, head of the commodity strategy at Denmark's Saxo Bank, said in a note late last week. the gloomy outlook for trade and the potential slowdown in economic growth, oil markets are expected to remain relatively tight, particularly as U.S. sanctions on Iran have started. U.S. energy companies last week added the most oil rigs since May, adding 10 rigs to bring the total count to 869, according to the Baker Hughes energy services firm.


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.
 

Wednesday, 8 August 2018

Precious Metals

CS GOLD (OCT) OVERVIEW: TREND : SIDEWAYS RESIST 
2: 29790 RESIST
1: 29690 SUP
 1: 29550 SUP
 2: 29450

 CS SILVER (SEP) OVERVIEW: TREND : SIDEWAYS RESIST 
2: 38300 RESIST
1: 38150 SUP
1: 37750 SUP
2: 37600
Base Metals 

CS COPPER (AUG) OVERVIEW: TREND : SIDEWAYS RESIST 
2: 422.50 RESIST
1: 420.50 SUP
1: 416.00 SUP
2: 414.0

CS NICKEL (AUG) OVERVIEW: TREND : BULLISH RESIST
 2: 965.00 RESIST
 1: 958.00 SUP
 1: 940.00 SUP
 2: 932.00

CS ZINC (AUG) OVERVIEW: TREND : BEARISH RESIST
2: 182.50 RESIST
1: 181.50 SUP
 1: 179.00 SUP
2: 177.50

CS LEAD (AUG) OVERVIEW: TREND : SIDEWAYS RESIST
 2: 148.50 RESIST
1: 147.50 SUP
1: 145.50 SUP
2: 144.00

 CS ALUMINIUM (AUG) OVERVIEW: TREND : BEARISH RESIST
 2: 142.00 RESIST
1: 140.50 SUP
1: 138.50 SUP
2: 137.50

CS CRUDE OIL (AUG) OVERVIEW: TREND : BEARISH RESIST
 2: 4830 RESIST
 1: 4790 SUP
 1: 4730 SUP
2: 4700

CS NATURAL GAS (AUG) OVERVIEW: TREND : BULLISH RESIST
 2: 200.50 RESIST
 1: 199.50 SUP
1: 197.00 SUP
2: 195.50

Energies 
CS CRUDE OIL (AUG) OVERVIEW: TREND : BEARISH RESIST
 2: 4830 RESIST
1: 4790 SUP
 1: 4730 SUP
2: 4700
 CS NATURAL GAS (AUG) OVERVIEW: TREND : BULLISH RESIST 
2: 200.50 RESIST
 1: 199.50 SUP
 1: 197.00 SUP
 2: 195.50

MCX CRUDE AUG on Monday as seen in the Daily chart opened at 4758 levels and made day low of 4737 levels. During this period crude came up to 4798 levels and finally closed at 4762 levels. Now, there are chances of down movement technically & fundamentally.

  •  Oil rises ahead of renewed U.S. sanctions against Iran.
  •  Much of the northern hemisphere has been gripped by extreme heat this summer, pushing up demand for industrial and residential cooling.

DAILY RECOMMENDATION: SELL MCX CRUDE AUG BELOW 4762 LEVELS FOR TARGET OF 4735/4720 WITH SL 4805 OF LEVELS.

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.

Tuesday, 22 May 2018

mcx tips , Best Commodity Tips, best equity tips, Best Intraday Tips, Commodity Tips, gold Tips , Intraday commodity tips

Gold Prices Little Changed Amid Firmer Dollar -   Gold prices were little changed on Wednesday as the dollar held on to gains after climbing to a fresh new high this year on Monday. Investors now turn their attention to the Federal Reserve’s minutes that will come on Thursday in Asia to look for cues for rate hikes. The dollar was also supported by the continued rise of U.S. 10-year Treasury yields that hit 3% recently and expectations for interest rates. Dollar-denominated assets such as gold are sensitive to moves in the dollar – a gain in the dollar makes gold more expensive for holders of foreign currency and thus decreases demand for the precious metal. Although not a major directional driver, geopolitical tension was in focus as U.S. President Donald Trump casted doubt on the upcoming historic summit with North Korea in June. “There’s a chance, a very substantial chance, it won’t work out,” Trump said during a meeting with South Korean President Moon Jae-in on Tuesday. “I don’t want to waste a lot of time and I’m sure he doesn’t want to waste a lot of time. So there’s a very substantial chance it won’t work out and that’s OK. That doesn’t mean it won’t work out over a period of time.”

 Copper rose with prices underpinned as the chance of a U.S.-China trade war appeared to fade - Copper on MCX settled up 0.89% at 472 gained on fresh buying tracking international maraket where Shanghai Copper hit a one-week high, with prices underpinned as the chance of a U.S.-China trade war appeared to fade. Shanghai lead futures jumped 3.6 percent to their highest since October, tracking last session’s gains on the London Metal Exchange. Washington and Beijing both claimed victory on Monday as the world’s two largest economies stepped back from the brink of a global trade war and agreed to hold further talks to boost U.S. exports to China. Support also seen after the number from China showed China’s economy likely expand by around 6.7 percent in the second quarter this year, the State Information Center said on Saturday. Copper was also supported by trouble at a Vedanta Resources-controlled copper smelter in southern India, where at least nine people were killed on Tuesday after police fired at protesters calling for the plant's closure.

Oil Prices Dip With Possible Easing of OPEC Supply Curbs - Oil prices edged lower on Wednesday morning in Asia, as markets considered the possibility of higher output from the Organization of the Petroleum Exporting Countries (OPEC).OPEC may decide to raise oil output as soon as June due to worries over Iranian and Venezuelan supply and after Washington raised concerns the oil rally was going too far. Concerns about a potential drop in Iranian oil exports following Washington’s exit from a nuclear arms control deal with Tehran have driven prices to multi-year highs. U.S. sanctions against Iran, which currently produces 4% of global oil supplies, may cause shortages later this year when trade restrictions take effect. On Monday, the U.S. demanded Iran make sweeping changes - from dropping its nuclear program to pulling out of the Syrian civil war - or face severe economic sanctions.Tehran dismissed Washington’s ultimatum.


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Friday, 29 December 2017


Best Commodity Tips, Gold tips
Gold hit a one-month high on Friday and stayed on track for its biggest annual rise since 2010 as a wilting dollar, political tensions and receding concerns over the impact of U.S. interest rate hikes fed into its rally.
The dollar, in which gold is priced, is sliding towards its worst year since 2003, hurt by tensions over North Korea, the Russian scandal surrounding U.S. President Donald Trump's election campaign, and persistently low U.S. inflation.
The dollar's drop to three-month lows versus a basket of currencies on Friday lifted gold to its highest level since late November, within a few dollars of $1,300 an ounce.
Spot gold was up 0.2 percent at $1,296.76 an ounce at 1040 GMT, off a peak of $1,297.58. U.S. gold futures for February delivery were up $1.60 an ounce at $1,298.80.
Gold will be vulnerable next year to a rebound in the currency, as well as any gains in yields, she said. The opportunity cost of holding non-interest bearing bullion increases when yields rise elsewhere.
Gold, which is also on track for its best month since August, has also benefited of late from technically driven momentum

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