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Online commodity market

we have release prediction about commodity segment which is very impotent to share market trader...

BULLION: 
Gold prices gained on prospects for continued easy monetary policy in China on trade data that showed a slump in imports. Earlier, Japan revised first quarter GDP up to a pace of 1% quarter-on-quarter from a preliminary 0.6% gain and an expected upward revision to 0.7%. The revised GDP data showed the economic recovery has gained traction, reaching a 3.9% annual growth rate, and overcoming the drag from last year's sales tax hike and economists expect GDP to mark the third straight growth quarter in April-June, but at a slower pace. On the COMEX, division of the New York Mercantile Exchange, gold futures for August delivery rose 0.48% $1,174.00 a troy ounce.

BASE METAL:

LME copper prices moved higher to USD 5,971/mt last Friday but failed to break through the 5-day moving average. The prices finally ended up USD 21/mt at USD 5,941/mt. LME copper stocks dropped to 315,125 mt, the lowest since early March. The US nonfarm payrolls posted a 280,000 growth in May, the biggest rise since last December, and wages also shot up. The US dollar index rebounded significantly. Markets are not optimistic about China’s economic data due out this week. SHFE 1508 copper contract prices are expected to move at RMB 42,700-43,300/mt on June 8. Spot copper may be quoted at premiums of RMB 30-80/mt to SHFE 1506 copper contract in Shanghai.  

ENERGY:

Crude oil prices dropped in Asia on Monday as China trade data painted a picture of weak imports by the world's top crude buyer. Industry research group Baker Hughes said late Friday that the number of rigs drilling for oil in the U.S. fell by 4 last week to 642. The drop marks the 26th straight week of declines. The Organization of Petroleum Exporting Counties decided on Friday to maintain its production levels at 30 million barrels per day for at least another six months, despite ongoing concerns over ample global supplies. Oil prices were down sharply earlier as the U.S. dollar surged after an upbeat jobs report raised expectations for an interest rate hike this fall.

CS GOLD (AUGUST) OVERVIEW:

TREND  MIXED TO BEARISH
RESIST 2:26900
RESIST 1:26855
SUP1:26600
SUP2:26515
STRATEGY: SELL ON RISE

CS SILVER (JULY) OVERVIEW:
TREND  MIXED TO BEARISH
RESIST 2:37330
RESIST 1:37280
SUP1: 36785
SUP2:36195
STRATEGY: SELL ON RISE

CS CRUDE OIL (JUNE) OVERVIEW:

TREND  MIXED TO BEARISH
RESIST 2:3890
RESIST 1:3850
SUP1:3710
SUP2:3670
STRATEGY: SELL ON RISE

CS NATURAL GAS (JUNE) OVERVIEW:

TREND MIXED TO  BEARISH
RESIST 2:174
RESIST 1:172
SUP1:166
SUP2:163
STRATEGY: SELL ON RISE

CS COPPER (JUNE ) OVERVIEW:

TRENDMIXED TO BEARISH
RESIST 2: 389
RESIST 1: 387
SUP 1: 380
SUP 2: 378
STRATEGY: SELL ON RISE

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4 comments:

  1. The Sensex rising 73.02 points to 26370.40 and the Nifty climbing 19.30 points to 7879.25 led by banks, metals and technology stocks.

    Stock tips and Stock commodity tips

    ReplyDelete
  2. Nice posting, thanks for this useful post for all intraday traders. If you want more stock or commodity tips in all segments then CLICK HERE

    ReplyDelete
  3. BUY RANBAXY ABOVE 681. SL 875 TGT 685-690 + bp BP AT 691

    Live stock tips


    ReplyDelete
  4. When choosing the right financial advisor, you must aware about all the pros and cons of commodity and stock market.

    ReplyDelete

 

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