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Showing posts with label intraday stock tips. Show all posts
Showing posts with label intraday stock tips. Show all posts

Wednesday, 8 August 2018


Gold steady as dollar softens versus stabilizing yuan.

 Gold prices were steady early on Wednesday, after rising in the previous session, as the U.S. dollar softened against China's yuan and the euro. Asian shares rose on Wednesday on the back of firmer Wall Street earnings while expectations for increased Chinese stimulus helped take the edge off wider concerns about the worsening Sino-U.S. trade dispute The United States will begin collecting 25 percent tariffs on another $16 billion in Chinese goods on Aug. 23, the U.S. Trade Representative's office said on Tuesday as it published a final tariff list targeting 279 imported product lines. The European Parliament has agreed to ease tough new liquidity rules for banks trading gold, marking a success for the London Bullion Market Association's (LBMA) campaign to revise the plans.

Copper prices are likely to rebound against the backdrop of resilient infrastructure construction in China.

Copper lost some early gains and closed at $6,150/mt in LME on Tuesday. The SHFE October contract turned to the most liquid overnight. Copper prices are likely to rebound against the backdrop of resilient infrastructure construction in China. We expect LME copper to trade at $6,160-6,210/mt today with the SHFE 1810 contract at 49,300-49,800 yuan/mt. Spot premiums are seen at 60-100 yuan/mt.
Nickel rebound as a weakened US dollar and low stocks at SHFE warehouses accounted for the increase.

Given low-level inventory of nickel across LME warehouses, LME nickel rebounded to around the daily moving average to a high of $13,890/mt. Pressure was at the $13,900/mt level. LME inventory continued to shrink 372 mt to 251,466 mt. The SHFE 1811 contract received support at the 40-day moving average and gained over 1% from Monday to close at 113,240 yuan/mt. A weakened US dollar and low stocks at SHFE warehouses accounted for the increase. We expect the contract to trade at 112,500-114,000 yuan/mt with LME nickel hovering at $13,900/mt today. Spot prices are set at 112,000-114,500 yuan/mt.

Oil prices steady on falling U.S. crude stocks, Iran sanctions.

 Oil prices held steady on Wednesday, supported by a report of rising U.S. crude inventories as well as the introduction of sanctions against Iran. The U.S. government introduced a raft of new sanctions against Iran on Tuesday, targeting Iran's purchases of U.S. dollars - in which oil is traded - metals trading, coal, industrial software and its auto sector. November, Washington will also target Iran's petroleum sector. Beyond the sanctions, the oil market was focusing on the U.S. market, where the American Petroleum Institute said on Tuesday that crude inventories fell by 6 million barrels in the week to Aug. 3 to 407.2 million. U.S. fuel storage data is due to be released later on Wednesday by the Energy Information Administration (EIA). Shipments into the world's biggest importer of crude came in at 36.02 million tonnes last month, or 8.48 million bpd, up from 8.18 million bpd a year ago, and just up on June's 8.36 million bpd, data from the General Administration of Customs showed.

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, 7 August 2018



BULLION :-
Gold prices were steady early on Wednesday, after rising in the previous session, as the U.S. dollar softened against China's yuan and the euro. The dollar index, which measures the greenback against a basket of six major currencies, was down 0.1 percent at 95.133. Asian shares rose on Wednesday on the back of firmer Wall Street earnings while expectations for increased Chinese stimulus helped take the edge off wider concerns about the worsening Sino-U.S. trade dispute. The United States will begin collecting 25 percent tariffs on another $16 billion in Chinese goods on Aug. 23, the U.S. Trade Representative's office said on Tuesday as it published a final tariff list targeting 279 imported product lines. Companies doing business with Iran will be barred from the United States, President Donald Trump said on Tuesday, as new U.S. sanctions took effect despite pleas from Washington's allies. U.S. job openings held near record highs in June amid a modest decline in hiring, pointing to a further tightening of labor market conditions, which economists hope will soon spur faster wage growth. The prospect of a "no-deal Brexit" appears to have grown after the European Union's negotiator rejected last month central elements of Prime Minister Theresa May's proposals for a new trade agreement. The European Parliament has agreed to ease tough new liquidity rules for banks trading gold, marking a success for the London Bullion Market Association's (LBMA) campaign to revise the plans. Gold-backed exchange-traded funds (ETFs) saw outflows in North America, Europe and Asia in July as a strong U.S. dollar helped weaken gold prices, the World Gold Council said on Tuesday. SPDR Gold Trust, the world's largest goldbacked exchange-traded fund, said its holdings fell 0.15 percent to 787.53 tonnes on Tuesday from 788.71 tonnes on Monday.

ENERGY :-
Oil prices were mixed on Wednesday amid reports that Iran’s exports fell after US re-imposed economic and crude sanctions against the world’s fifth biggest oil exporter, U.S.’s crude inventories also declined, API data showed. Iran’s oil exports dropped for the third consecutive month by 7% to 2.32 million barrel per day in July, the lowest level in four months, data from S&P Global Platts showed. Exports to China rose, on the other hand, to nearly 800,000 barrels per day in July and that to India also rose by 400,000 barrels per day from June to July. The data came after Washington announced sanctions against Iran on Tuesday. Crude sanctions will take effect in November this year, while other economic sanctions became effective on Tuesday. “The Iran sanctions have officially been cast. These are the most biting sanctions ever imposted, and in November they ratchet up to yet another level. Anyone doing business with Iran will not be doing business with the United States,” said U.S. President Donald Trump. Separately, the American Petroleum Institute (API) said on Tuesday that U.S. crude inventories decreased by 6 million barrels in the week to Aug 3 to 407.2 million, US official EIA data will be released today.

METALS :-

Base metals prices trading mostly higher on early Wednesday, as a rising yuan kept the dollar on the back foot and easing US-China trade war concerns supported sentiment. Copper prices were given a further boost on fears a wage dispute at the world’s largest copper mine could result in a strike if an agreement isn’t reached. Talks to resolve the despite between the Chile’s Escondida and the labor union were set to get underway Tuesday. China will release trade data later, with economists predicting exports maintained solid growth in July despite new tariffs on billions of dollars of shipments to the United States. Chile’s exports of lithium carbonate reached $85 million in July, more than double that of the same month the previous year, as demand and prices for the key component in electric vehicle batteries continues to rise. Zinc had the secondlargest speculative short position on the LME, accounting for 21 percent of open interest at Friday's close, according to estimates by Marex Spectron. LME aluminium dipped 0.3 percent to end at $2,038 a tonne. LME on-warrant inventories - those not earmarked for delivery - fell to the lowest level since September 2007, LME data showed on Tuesday.

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.

Thursday, 19 July 2018

Commodities-Market-1

Gold Remains Near One-Year Low.

Gold prices were steady near a one-year low on Wednesday as a higher dollar and comments from Federal Reserve Chair Jerome Powell continued to weigh. Powell reiterated the central bank should gradually increase interest rates at his hearing at Congress on Tuesday. Trade tensions and fiscal policy made the future uncertain, he added. The Fed raised rates twice this year and is expected to raise rates at least once more before the end of the year. Higher rates are a negative for gold as the precious metal, which does not pay interest, struggles to compete with yield-bearing assets when rates rise. Gold falls as the dollar rises, as the precious metal is denominated in the U.S. currency and is sensitive to moves in the dollar.

Zinc chalked up its largest daily gain in a year, recovering from this week’s one-year low on bargain hunting and falling inventories.

Zinc on MCX settled up 4.71% at 181.15 gained on short covering tracking weakness from LME Zinc prices which pulled away from one-year lows hit earlier in the week and the metal recorded its first daily jump in seven trading days in Shanghai, tracking a rise on the London Metal Exchange (LME) amid plunging inventories. Zinc prices is down 10.1 percent so far this month in Shanghai and 11.3 percent in London on concerns about oversupply, but it had been boosted by positive data from top metals consumer China on Tuesday. in a note, adding that zinc was “one of the metals most leveraged to the housing and construction sectors. Meanwhile expectations for a rise in zinc concentrate supplies in coming years have driven down the metal price in London to one-year lows, but smelting capacity constraints suggest the sell-off is premature.

Aluminium exports record second monthly high in Jun.

China’s export volumes of unwrought aluminium and aluminium products logged its second monthly high, of all time, in June as the growth in extrusion exports exceeded the decline in flat rolled product exports, SMM research found. The total figure for the first six months of this year grew 11.3% on the year and registered 2.72 million mt. SMM found that extrusion exports in June were substantially boosted by the depreciating Chinese yuan. Export orders for aluminium coil for remelting also boomed in June on high profits.

Oil prices extend gains, buoyed by unexpected drop in U.S. gasoline stocks.

Oil prices on Thursday extended gains from the previous session, buoyed after official data showed that U.S. inventories of gasoline, diesel and heating oil unexpectedly fell last week.A Reuters poll taken before the data release had forecast that gasoline stocks would be unchanged and distillate stockpiles would show a build of around 900,000 barrels. U.S. crude stocks rose by 5.8 million barrels last week, compared with a forecast of a decline of 3.6 million barrels. Oil production reached a record 11 million barrels per day, the EIA said. The United States has added nearly 1 million bpd in production since November, thanks to rapid increases in shale drilling.

Precious Metals

CS GOLD (AUG) OVERVIEW:
TREND : BEARISH
RESIST 2: 30100
RESIST 1: 30000
SUP 1: 29650
SUP 2: 29550
CS SILVER (SEP) OVERVIEW:
TREND : BEARISH
RESIST 2: 38900
RESIST 1: 38700
SUP 1: 38000
SUP 2: 37800

Base Metals

CS COPPER (AUG) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 428.00
RESIST 1: 426.00
SUP 1: 417.00
SUP 2: 415.00
CS NICKEL (JULY) OVERVIEW:
TREND : BEARISH
RESIST 2: 950.00
RESIST 1: 945.00
SUP 1: 915.00
SUP 2: 910.00
CS ZINC (JULY) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 187.00
RESIST 1: 185.00
SUP 1: 177.00
SUP 2: 175.00
CS LEAD (JULY) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 153.00
RESIST 1: 151.00
SUP 1: 146.00
SUP 2: 144.00
CS ALUMINIUM (JULY) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 143.00
RESIST 1: 141.00
SUP 1: 138.00
SUP 2: 136.00

Energies

CS CRUDE OIL (AUG) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 4770
RESIST 1: 4730
SUP 1: 4630
SUP 2: 4590
CS NATURAL GAS (JULY) OVERVIEW:
TREND : BEARISH
RESIST 2: 192.00
RESIST 1: 190.00
SUP 1: 185.00
SUP 2: 183.00
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Tuesday, 17 July 2018

Commodities-Market-1


Gold Prices Edge Lower After Fed Comments.

Gold Prices were slightly lower on Wednesday and hovered near a one-year low as the dollar strengthened following Federal Reserve Chairman Jerome Powell’s comments on Tuesday that reinforced views the central bank is on track to gradually raise interest rates. A U.S. central banker said on Tuesday that the Fed should ease away from money policy accommodation and raise interest rate to avoid inflation as data showed the U.S. economy has improved in recent months. “At a time of full employment with price stability, policy should be a neutral influence on economic activity,” Kansas City Federal Reserve Bank President Esther George said in remarks prepared for delivery to an agricultural symposium. “Gradual further increases in our policy rate will be necessary to return policy to a neutral stance, although there is considerable uncertainty about exactly how far or fast we need to go.”

Copper prices edged lower pushed down by a stronger dollar and fears that demand will be damaged by a global trade war and weaker economic growth in China.

Copper on MCX settled down -0.85% at 417.85 on fresh selling tracking weakness from LME copper prices which was depressed by a stronger US dollar to a low of around $6,150/mt. However, we expect copper prices to see limited downward room in the short term as the union at Escondida rejected BHP’s offer and a threat of strike remains. While Concerns over the US-China trade disputes and weak Chinese economic data weighed on market sentiment and copper prices.

Zinc recovered on short covering after prices remained under pressure amid worries over Washington-Beijing trade war curbing demand.

Zinc on MCX settled up 1.29% at 173 gained on short covering as support seen after LME zinc prices halted its downward trend while sentiments still remain weak with pressure from a rising US dollar. Zinc prices are likely to gain some support from shrinking social inventories across Shanghai, Guangdong and Tianjin. We expect the contract to strengthen today given LME zinc’s strong performance. Last night the US dollar index gained 0.48% to close at 94.96 on Federal Reserve Board chairman Jerome Powell’s remarks that back more rate increases as the economy is growing “considerably stronger”.

Oil prices drop amid surprise jump in U.S. stockpiles.

Oil prices dropped on Wednesday after an industry group reported that U.S. crude inventories rose last week, defying analyst expectations for a significant reduction.U.S. West Texas Intermediate crude was down 36 cents, or 0.5 percent, at $67.72. It settled up 2 cents at $68.08 a barrel the session before, coming off a nearly one-month low. The benchmarks had steadied after big declines on Monday and last week as supply disruptions in Venezuela came to the fore and as analysts had been forecasting a decline of 3.6 million barrels in U.S. inventories for the week through July 13. But the specter of oversupply quickly returned, with a rise of more than 600,000 barrels in U.S. crude stockpiles, reported by the American Petroleum Institute late on Tuesday.

Precious Metals

CS GOLD (AUG) OVERVIEW:
TREND : BEARISH
RESIST 2: 29950
RESIST 1: 29850
SUP 1: 29500
SUP 2: 29400
CS SILVER (SEP) OVERVIEW:
TREND : BEARISH
RESIST 2: 38900
RESIST 1: 38700
SUP 1: 38150
SUP 2: 37950

Base Metals

CS COPPER (AUG) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 426.00
RESIST 1: 424.00
SUP 1: 414.00
SUP 2: 412.00
CS NICKEL (JULY) OVERVIEW:
TREND : BEARISH
RESIST 2: 950.00
RESIST 1: 945.00
SUP 1: 910.00
SUP 2: 905.00
CS ZINC (JULY) OVERVIEW:
TREND : BEARISH
RESIST 2: 178.00
RESIST 1: 176.00
SUP 1: 170.00
SUP 2: 168.00
CS LEAD (JULY) OVERVIEW:
TREND : BEARISH
RESIST 2: 153.00
RESIST 1: 151.00
SUP 1: 146.00
SUP 2: 144.00
CS ALUMINIUM (JULY) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 143.00
RESIST 1: 141.00
SUP 1: 138.00
SUP 2: 136.00

Energies

CS CRUDE OIL (JULY) OVERVIEW:
TREND : BEARISH
RESIST 2: 4720
RESIST 1: 4680
SUP 1: 4580
SUP 2: 4540
CS NATURAL GAS (JULY) OVERVIEW:
TREND : BEARISH
RESIST 2: 192.00
RESIST 1: 190.00
SUP 1: 183.00
SUP 2: 181.00
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Monday, 16 July 2018

Commodities-Market-1


Gold Falls as Lower Dollar, Data Weigh.

Gold prices inched down on Monday, despite a lower U.S. dollar as data supported expectations of a Fed interest rate increase. Gold was weighed down by economic data pointing to an increase in Federal Reserve interest rates. Retail sales increased by 0.5% for the fifth month in a row, according to the U.S. Commerce Department. The Fed raised rates twice this year and is expected to raise rates at least once more before the end of the year. Higher rates are a negative for gold as the precious metal, which does not pay interest, struggles to compete with yield-bearing assets when rates rise. Investors were also paying attention to any news of the meeting between U.S. President Donald Trump Russian President Vladimir Putin at their one-on-one meeting in Helsinki on Monday. Meanwhile the dollar was lower.

East China spot aluminium trading thin amid a seasonal lull.

Spot aluminium trading in east China was thin on Monday July 16 despite the tumble in prices, SMM learned. This was because downstream consumers purchased only on demand during a seasonal lull. The SHFE 1807 contract initially fell on the morning of its last trading day. Transactions in Shanghai were mostly heard at 13,850-13,870 yuan/mt with discounts of 10-0 yuan/mt against the 1807 contract. Sellers in east China were willing to offload their cargoes as inventory of primary aluminium across the region increased over the weekend. Traders mostly kept on the sidelines. Prices in Guangdong slumped this morning with most transactions done at 13,940 yuan/mt. Overall trading in the south China province was decent as some traders believed the market may have hit the bottom.

Anhui secondary refined lead output misses expectation.

Secondary refined lead supply in Anhui province fell short of earlier expectations due to the unexpected maintenance work at one large-scale smelter, SMM learned. A large smelter in the Jieshou area suspended production from Thursday July 12 to undertake maintenance for about half a month. Output at another large smelter in Jieshou was also limited by maintenance of its production line. Recovered production at some secondary refined lead smelters in Taihe was also unstable given the supply shortage of secondary lead materials.

Oil Prices Edge Up After Slumping More Than 4% Following Mnuchin’s Comments.

Oil prices rebounded on Tuesday after plunging more than 4% in the previous session as U.S. Treasury Secretary Steven Mnuchin said the U.S. is considering waivers on Iran sanctions for some crude importers.Mnuchin told reporters that the U.S. wants to avoid disrupting global oil markets and is considering waivers for countries that need more time to wind down imports of oil from Iran while reimposing sanctions against Tehran. President Donald Trump withdrew the U.S. from the 2015 Iran nuclear deal and restored sanctions on Tehran in May. “We want people to reduce oil purchases to zero, but in certain cases if people can’t do that overnight, we’ll consider exceptions,” Mnuchin said. His comments contradicted some U.S. officials’ comments earlier that said there would be no exemptions.

Precious Metals

CS GOLD (AUG) OVERVIEW:
TREND : BEARISH
RESIST 2: 30300
RESIST 1: 30200
SUP 1: 29900
SUP 2: 29800
CS SILVER (SEP) OVERVIEW:
TREND : BEARISH
RESIST 2: 39500
RESIST 1: 39300
SUP 1: 38600
SUP 2: 38400

Base Metals

CS COPPER (AUG) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 430.00
RESIST 1: 428.00
SUP 1: 420.00
SUP 2: 418.00
CS NICKEL (JULY) OVERVIEW:
TREND : BEARISH
RESIST 2: 955.00
RESIST 1: 950.00
SUP 1: 925.00
SUP 2: 920.00
CS ZINC (JULY) OVERVIEW:
TREND : BEARISH
RESIST 2: 178.00
RESIST 1: 176.00
SUP 1: 169.00
SUP 2: 167.00
CS LEAD (JULY) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 153.00
RESIST 1: 151.00
SUP 1: 146.00
SUP 2: 144.00
CS ALUMINIUM (JULY) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 146.00
RESIST 1: 144.00
SUP 1: 140.00
SUP 2: 138.00

Energies

CS CRUDE OIL (JULY) OVERVIEW:
TREND : BEARISH
RESIST 2: 4770
RESIST 1: 4730
SUP 1: 4580
SUP 2: 4540
CS NATURAL GAS (JULY) OVERVIEW:
TREND : BEARISH
RESIST 2: 195.00
RESIST 1: 193.00
SUP 1: 188.00
SUP 2: 186.00
WWW.CAPITALSTARS.COM +917440449744
CapitalStars Provides  Free Trial To Our Client…
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

Sunday, 15 July 2018

Commodities-Market-1

Gold prices slipped as the dollar gains amid a strong U.S. inflation report and continued trade war concerns were cited as tailwind for the greenback.

Gold on MCX settled down -0.14% at 30105 as the dollar rose due to easing trade tensions and weak demand for the precious metal due to expectations of higher interest rates in the United States. Tensions between the United States and China eased after U.S. Treasury Secretary Steven Mnuchin said on Thursday talks between the world’s two largest economies could be reopened if Beijing is willing to make significant changes. The Federal Reserve last month raised its benchmark overnight lending rate 25 basis points to 1.75-2.0 percent. Expectations are for another two rate rises this year and three in 2019. Investors retreating from gold can be seen in the largest gold- backed exchange-traded-fund (ETF), New York’s SPDR Gold Trust GLD, which has seen its holdings fall more than 8 percent since late April to below 26 million ounces.

Secondary lead smelters operate at higher levels in Jun on high profits.

High profit margins kept secondary lead smelters in China operating at high levels in June, SMM research found. The operating rate at secondary lead smelters came in at 48.3% in June, up 6.62 percentage points from May, 2.34 percentage points higher from the same period last year, SMM data showed. Smelters produced 137,200 mt of secondary lead in June, up 18,800 mt from May. June saw healthy profit margins on high prices of lead and low prices of battery scrap. We expect output and operating rates to continue to increase in July as small or illegal smelters are likely to ramp up production after the central government’s environmental probes end. Production at some smelters with production permits is also likely to recover after limitations from the environmental probes ease.

Aluminium inventory rebounds after 10 weeks of decline.

China’s inventory of primary aluminium across eight major markets, including SHFE warrants, inched up 17,000 mt over the weekend to stand at 1.82 million mt as of Monday July 16, SMM data showed. This marked a rebound after 10 consecutive weeks of decline, as more deliveries arrived during the weekend.

Oil Prices Edge Lower; Trump-Putin Summit In Focus.

Oil prices edged lower on Monday as traders awaited the outcome of the first offcial dialogue between U.S. President Donald Trump and Russian President Vladimir Putin summit in Helsinki later in the day.”A summit between U.S. President Trump and Russian President Putin is being watched in case they say something about oil,” said Kim Kwang-rae, commodity analyst at Samsung (KS:005930) Futures in Seoul. Trump has been vocal about his dissatisfaction with higher oil prices and has urged OPEC to lower prices earlier this month. Reports that the U.S. is considering to rein in prices by tapping into its emergency crude supplies were also cited as headwind for oil prices. The continued trade concerns between the U.S. and China remained in focus, as traders fear the development could threaten global demand.

Precious Metals

CS GOLD (AUG) OVERVIEW:
TREND : BEARISH
RESIST 2: 30400
RESIST 1: 30300
SUP 1: 30000
SUP 2: 29900
CS SILVER (SEP) OVERVIEW:
TREND : BEARISH
RESIST 2: 39700
RESIST 1: 39500
SUP 1: 38800
SUP 2: 38600

Base Metals

CS COPPER (AUG) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 430.00
RESIST 1: 428.00
SUP 1: 418.00
SUP 2: 416.00
CS NICKEL (JULY) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 965.00
RESIST 1: 960.00
SUP 1: 930.00
SUP 2: 925.00
CS ZINC (JULY) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 183.00
RESIST 1: 181.00
SUP 1: 173.00
SUP 2: 171.00
CS LEAD (JULY) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 155.00
RESIST 1: 153.00
SUP 1: 148.00
SUP 2: 146.00
CS ALUMINIUM (JULY) OVERVIEW:
TREND : BEARISH
RESIST 2: 142.00
RESIST 1: 141.00
SUP 1: 138.00
SUP 2: 137.00

Energies

CS CRUDE OIL (JULY) OVERVIEW:
TREND : BEARISH
RESIST 2: 4950
RESIST 1: 4910
SUP 1: 4770
SUP 2: 4730
CS NATURAL GAS (JULY) OVERVIEW:
TREND : BEARISH
RESIST 2: 195.00
RESIST 1: 193.00
SUP 1: 188.00
SUP 2: 186.00
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Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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Thursday, 12 July 2018

capitalstars

Metal Prices in Rebound Mode; Gold Prices Edge Higher -   Gold prices steadied Thursday, as the dollar gave up some of its gains, while easing trade-war concerns prompted traders to cut bearish bets on other metals. Gold prices moved off seven-month lows as the dollar struggled to hold gains, hovering just above the flatline, after data showed timid growth in consumer prices last month.et safe-haven gold struggled to make a meaningful advance as risk-appetite turned positive on the prospect of renewed U.S.-China trade talks. Bloomberg reported that U.S. and Chinese officials considered restarting the trade conversations, which could lead to a bilateral agreement. Improved sentiment on the trade-war front comes just days after the White House issued a list late Tuesday of 10% tariffs on $200 billion worth of Chinese imports it will assess.

Zinc recovered some of its losses on short covering after prices dropped on a gaining US dollar and fears of a trade war - Zinc on MCX settled down -0.14% at 176.85 despite LME zinc wazs inched up 0.45% to close at $2,575.5/mt overnight as trade war concerns eased, it continued to lack upward momentum to stand above $2,600/mt level. Investors would take guidance from China and US’ import and export data during the day. LME Zinc dropped by its 6 percent downside limit in Shanghai to 20,620 yuan per tonne, the lowest since June last year. Last night the US dollar index continued to gain on steadily-rising US inflation data and trade war saga. It closed at 94.8, with a slower growth rate from Wednesday.

Secondary aluminium operating rate extends decline in Jun - Operating rate across Chinese secondary aluminium producers dropped in June due to a seasonal lull, environmental probes, stricter limits on impurities in scrap imports and sweeping tariffs on US aluminium scrap imports. June’s rate came in at 52.74%, down 5.91 percentage points month on month and 6.17 percentage points year on year. Production at most producers shrank and finished products inventory edged down. Most producers had relatively high finished products inventory as demand throughout the first six months of this year was much weaker than the same period last year. Producers, therefore, preferred to cut production and destock amid a seasonal lull in order to better manage their cashflows.

Oil Prices Slip Amid Continued Concerns of Trade War, Return of Libyan Oil - Oil prices slipped on Friday as concerns about a China-U.S. trade war and the return of Libyan oil to the market continued to be cited as catalysts for the selling. The Libya's National Oil Corp announced on Wednesday that four export terminals were being reopened and allowed the return of as much as 850,000 barrels per day of oil into the markets, ending a standoff that had shut down most of Libya's oil output.The International Energy Agency, however, raised expectations for a global shortage in crude supplies as the energy watchdog warned of a potential capacity crunch amid a rise in output from Middle East Gulf countries and Russia, helping oil prices to recoup some losses.


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CapitalStars Provides  Free Trial To Our Client…
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

Commodities-Market-1

Trade-War Jitters Rock Metals Prices; Gold Stumbles as Dollar Rallies.

Gold prices tumbled Wednesday, as the dollar added to gains, while the Trump administration’s threat of further tariffs on Chinese goods roiled other metals as copper sank to a nearly one-year low. The White House issued a list late Tuesday of 10% tariffs on $200 billion worth of Chinese imports it will assess. The threat of further U.S. tariffs on Chinese goods failed to garner investor demand for safe-haven gold, as dollar strength continued to keep a lid on the yellow metal. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose by 0.61% to 94.41 amid positive wholesale inflation data Tuesday. As well as hot U.S. wholesale inflation data Tuesday, the U.S. Senate’s approval of a motion to give Congress a role in reviewing President Donald Trump’s decision to impose tariffs on national security grounds, also boosted the greenback.

Suspension extends at secondary lead smelters in Jiangxi.

Secondary lead smelters in Jiangxi province are only likely to resume operations at the end of July at the earliest, after local government kicked off a new round of inspections last Friday. They resumed daily production of some 200 mt temporarily last week when central government’s environmental reviews came to an end, SMM learned. While the fresh round of probe is scheduled to last until July 25, suspension at secondary lead smelters is set to extend to the end of this month as downstream consumption from lead-acid battery plants will be affected. Some local lead-acid battery plants were under full suspension again from July 6, sources told SMM.

Aluminium inventory draw faster as consumption picks up.

China’s inventory of primary aluminium across eight major markets, including SHFE warrants, fell 33,000 mt over the week to stand at 1.8 million mt as of Thursday July 12, SMM data showed. Accelerated downstream consumption due to falling prices led the decline in stocks to be bigger than the 10,000 mt week-on-week drop recorded last Thursday.

U.S. oil exports to India soar ahead of sanctions on Iran.

U.S. crude oil exports to India hit a record in June and so far this year are almost double last year’s total as the Asian nation’s refiners move to replace supplies from Iran and Venezuela in a win for the Trump administration. U.S. President Donald Trump’s administration has been pressuring its allies to cut imports of Iranian goods to zero by November and India’s shift advances the U.S. administration efforts to use energy to further its political goals. The United States has become a major crude exporter, sending 1.76 million barrels per day (bpd) abroad in April, according to the latest government figures. All told, producers and traders in the United States will send more than 15 million barrels of U.S. crude to India this year through July, compared with 8 million barrels in all of 2017. The exports to India could go higher if China imposes levies on its U.S. oil imports over the latest round of U.S. tariffs, which could damp Chinese purchases and lead U.S. crude prices lower.

Precious Metals

CS GOLD (AUG) OVERVIEW:
TREND : BEARISH
RESIST 2: 30500
RESIST 1: 30400
SUP 1: 30100
SUP 2: 30000
CS SILVER (SEP) OVERVIEW:
TREND : BEARISH
RESIST 2: 39800
RESIST 1: 39600
SUP 1: 38700
SUP 2: 38500

Base Metals

CS COPPER (AUG) OVERVIEW:
TREND : BEARISH
RESIST 2: 432.00
RESIST 1: 430.00
SUP 1: 410.00
SUP 2: 408.00
CS NICKEL (JULY) OVERVIEW:
TREND : SIDEWAYS
RESIST 2: 1000.00
RESIST 1: 995.00
SUP 1: 960.00
SUP 2: 955.00
CS ZINC (JULY) OVERVIEW:
TREND : BEARISH
RESIST 2: 186.00
RESIST 1: 184.00
SUP 1: 173.00
SUP 2: 171.00
CS LEAD (JULY) OVERVIEW:
TREND : BEARISH
RESIST 2: 161.00
RESIST 1: 159.00
SUP 1: 153.00
SUP 2: 151.00
CS ALUMINIUM (JULY) OVERVIEW:
TREND : BEARISH
RESIST 2: 146.00
RESIST 1: 144.00
SUP 1: 141.00
SUP 2: 139.00

Energies

CS CRUDE OIL (JULY) OVERVIEW:
TREND : BEARISH
RESIST 2: 4990
RESIST 1: 4950
SUP 1: 4820
SUP 2: 4780
CS NATURAL GAS (JULY) OVERVIEW:
TREND : BEARISH
RESIST 2: 200.00
RESIST 1: 198.00
SUP 1: 191.00
SUP 2: 189.00
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Wednesday, 11 July 2018

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Metal Prices Lower on Dollar Strength; Gold Off Lows But Under Pressure.
Gold prices were pushed lower Tuesday by higher U.S. government bond yields and a rising dollar, which also dented sentiment on other metals. Investor appetite for safe heavens such as gold, yen and Treasuries, were scaled back by sentiment for riskier assets, triggering an uptick in U.S. bond yields and forcing gold prices lower. The uptick in U.S. Treasury bond yields, which trade inversely to bond prices, were also supported by an increase in supply as a fresh round of the Treasury auctions slated for this week got underway Tuesday. Gold is sensitive to moves in U.S. rates, which lift the opportunity cost of holding gold as it pays no interest. Dollar strength, meanwhile, also held back metals, amid slight euro weakness and a slump in traditional safe-haven currencies like the yen.

Imported zinc to affect consumption of domestic cargoes.
Imported zinc is set to impact consumption of domestic brands, as downstream buyers favoured cheaper imports. As of Tuesday July 10, Australian SMC zinc traded at a discount of 20-50 yuan/mt over #0 domestic brands, AZ, KZ, and YP traded at a discount of 70-100 yuan/mt, and Spanish, Indian, and Peruvian brands traded at 170-220 yuan/mt. Import losses narrowed to around 100 yuan/mt as of Tuesday, SMM calculated. The import window opened as the yuan rebounded on uplifting remarks from the People's Bank of China (PBOC) last Tuesday, and on positive Chinese economic data.

Aluminium capacity of 322,500 mt to be commissioned in Liaoning. 
Yingkou Xintai Aluminum has secured green light to commission 322,500 mt of new primary aluminium capacity in Liaoning province in north China. This is through a capacity swap between the company and Henan Yugang Longquan Aluminium, according to Liaoning Provincial Industry and Informatization Commission earlier this month. Yingkou Xintai kicked off the construction of 460,000 mt of aluminium capacity in June 2012 and planned to commission the latest allowance this month. The plant is located in Yingkou Coastal Industries Base and the old capacity in Henan province has been demolished.

Oil Prices Fall as Trump Threatens to Levy New Tariffs on China.
Oil prices fell on Wednesday after Washington threatened to levy new trade tariffs on China, just a few days after the two nations slapped each other with tariffs last week. The U.S. said it would impose tariffs on an extra $200 billion worth of Chinese imports on Tuesday. President Donald Trump had warned earlier that his country may ultimately impose tariffs on more than $500 billion worth of Chinese imports.“The trade concerns have bitten today and the reason is that this is above and beyond what the market was expecting,” said Michael McCarthy, chief markets strategist at CMC Markets in Sydney. The bearish mood was also fuelled by news that U.S. Secretary of State Mike Pompeo said the White House would consider extending sanctions relief to some oil buyers of Iranian crude beyond the previously announced November deadline.

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