GOLD STEADY AHEAD OF TRUMP POLICY SPEECH | COMMODITY MARKET VIEW UPDATE 28 FEB 2017.

COMMODITY MARKET OUTLOOK

Gold- MCX Gold may note some decline tracking cues from international prices. COMEX gold trades modestly lower near $1253/oz after a flat close yesterday. The metal has come under pressure after hitting 3 ½ month high of $1264.9 yesterday. Putting pressure on the prices is caution ahead of Trump’s Speech to Joint Congress late on Tuesday along with rising odds of rate hike by US Fed following hawkish comments by Fed officials. The downside may however be capped amid choppiness in US Dollar along with safe haven demand due to political uncertainty in Euro Zone and US. Also capping the downside is high investor interest as is evident form rise is ETF holdings. For the day we expect the metal to trade sideways to negative amid caution ahead of Trump’s Speech. Market expects US President Trump to unveil tax reforms and plans on infrastructure spending at his today's Speech. If his speech fails to address these maters than we may see rise in Gold's safe haven demand. Also focus today will also be on US data and its impact on US Dollar. Support for MCX Gold April contract is seen at Rs.29450 while Resistance is seen at Rs.29750.

Silver- MCX Silver too may note some decline tracking cues from international exchange however downside remains capped. COMEX Silver trades modestly lower near $18.3/oz after a flat close yesterday. On weaker note weighing on prices is retreat in Gold prices and choppiness in Industrial metals. Also weighing on prices is weak investor interest as is evident from lack of buying in ETF. The downside may however be capped amid choppiness in US Dollar. We expect Silver to witness choppy trade today however bias may be weak in sync with gold prices. Support for MCX Silver March contract is seen at Rs.42700 while Resistance is seen at Rs.43700.

Copper- MCX Copper may continue to witness choppy movement today tracking cues from international exchange. LME Copper trades marginally lower in early trades today after noting modest gains yesterday. Weighing on prices is demand worries from top consumer China along with rising odds of rate hike by US Fed.

Aluminum- MCX Aluminum too may witness mixed trade today tracking cues from international exchange. LME Aluminum trades marginally lower in early trades today following 0.8% gains yesterday. Weighing on prices is modest decline across base metals complex amid demand worries from China and hawkish comments by Fed officials. Also putting pressure on the prices is build up in stocks at SHFE warehouses.

Zinc- MCX Zinc may continue to note volatile movement tracking cues from international exchange. LME Zinc trades little changed in early trades today holding onto yesterday’s 0.8% decline. The metal has come under pressure amid demand worries from China along with growing expectation of rate hike by US Fed

Crude Oil- MCX Crude may note mixed movement in line with international market however overall bias remains weak. NYMEX April crude trades in a narrow range amid mixed cues. On positive note supporting prices is growing optimism that OPEC and Non OPEC members will adhere to production cut. However rise in US production along with expectation of buildup in stocks at US are capping the upside.

Natural Gas- MCX Natural gas may note some gains tracking slight rebound n international exchange however sell on rise is suggested. Weighing on prices is weak weather related demand due to forecast of warm weather in US. However capping the downside is bigger than expected decline in stocks and decline in number of rigs drilling for Natural Gas.

GOLD HOLDS NEAR 3-1/2 MONTH HIGHS | TODAY COMMODITY MARKET REPORT UPDATE 27 FEB 2017.

COMMODITY MARKET OUTLOOK

GOLD

MCX Gold price has given a breakout of its rising channel pattern at 29490 levels on an hourly chart and prices is coming to retested its breakout trend line levels. Moreover, MCX Gold prices have been trading above 50 HEMA on the daily chart. In addition, COMEX Gold price has shown a breakout of its horizontal trend line at $1230 levels. Moreover, Momentum Indicator RSI has shown bullish range shift on the hourly chart. For now, we expect prices should move higher towards 29860 levels in the coming trading sessions

SILVER

On the 4 hourly chart, MCX Silver price has faced the strong resistance of its rising trend line at 43400 levels. On the other hand, COMEX Silver price has faced the resistance of its horizontal trend line at $18.35 levels. Moreover, COMEX Silver prices have been facing the resistance of its rising trend line at $18.40 levels on the hourly chart. In addition, momentum indicator RSI has faced the resistance of 75 levels, which indicates possibilities of downside in the prices. For now, we expect prices to move lower towards 42300 levels in few trading sessions.

CRUDE OIL

MCX Crude Oil price has faced the resistance of its rising channel pattern and price has faced the resistance of its upper band of channel pattern at 3780 levels. Moreover, prices have been trading below 21 DEMA. Furthermore, NYMEX Crude Oil prices have given a breakdown of its rising trend line at $53.90 levels on the hourly chart. Moreover, Momentum indicator RSI has remained below 60 levels on the hourly chart which suggests negative movement in the prices. For now, we expect prices to move lower towards 3520 levels in coming trading sessions.

COPPER

MCX Copper price has given a breakdown of its rising trend line at 397 levels on 4 hourly chart. On the daily chart, MCX Copper prices have traded below its 50 DEMA on the 4 hourly chart. Furthermore, momentum indicator MACD has shown negative crossover on the 4 hourly time frame, which suggests down momentum in the prices. For now, we expect prices to move lower towards 382 levels in coming trading sessions.

COMMODITY MARKET LEVELS:-

GOLD

P. POINT- 29583

S1 -29526                                                                   R1-29655

S2 -29454                                                                   R2-29712

SILVER

P. POINT-43242

S1 - 43135                                                                 R1-43398

S2 - 42979                                                                 R2-43505

COPPER

P. POINT-393

S1- 391                                                                       R1-397

S2- 387                                                                       R2-400

NATURAL GAS

P. POINT-185

S1 -182                                                                       R1-187

S2 -180                                                                       R2-190

CRUDE OIL

P. POINT-3612

S1 -3596                                                                     R1-3632

S2 -3576                                                                     R2-3648 |

TODAY COMMODITY MARKET NEWS UPDATE REPORT 20 FEB 2017.

COMMODITY MARKET OUTLOOK

Gold prices eased but notched a weekly gain as investors opted for the safe-haven qualities of bullion due to uncertainty about U.S. and European politics.

Silver prices ended with a loss but tallied a third consecutive weekly gain as political uncertainty continued to boost investment demand for the metal.

Crude oil dropped as prices remained under pressure from a stronger dollar and rising U.S. shale oil output.

Copper dropped as prices pulled back below 6000 level on LME as talks renewed between striking workers and management at Chile's Escondida copper mine.

Zinc prices ended with losses as increase in availability dampened recent price moves higher.

Nickel prices recovered from lows on mounting concerns about supplies after the suspension of mines in top ore producer the Philippines.

Natural gas prices fell for the third straight week, setting a three-month low as a historically mild winter continues to drag on the market.

COMMODITY MARKET LEVELS:-

GOLD

P. POINT- 29370

S1 -28291                                                                   R1-29438

S2 -28223                                                                   R2-29517

SILVER

P. POINT-42906

S1 - 42813                                                                 R1-43030

S2 - 42689                                                                 R2-43123

COPPER

P. POINT-399.7

S1- 396                                                                       R1-403

S2- 393                                                                       R2-406

NATURAL GAS

P. POINT-192

S1 -189                                                                       R1-193

S2 -188                                                                       R2-196

CRUDE OIL

P. POINT-3605

S1 -3585                                                                     R1-3624

S2 -3566                                                                     R2-3644

EXPECT GOLD PRICES TO TRADE HIGHER TODAY COMMODITY MARKET NEWS UPDATE 18 FEB 2017.

Gold Prices rose by half a percent to close at $1238.8 per ounce as the dollar weakened after a 10-day winning streak and investors took the opportunity to buy bullion as a hedge against political uncertainty in the United States and Europe. Concern over U.S. President Donald Trump's policies, as well as elections in the Netherlands, France and Germany this year, have fueled gold's rise to a peak of $1,244.67 on Feb. 8. On the MCX, gold prices rose by 0.94 percent to close at Rs.29416 per 10 gms. Outlook We expect gold prices to trade higher today as uncertainty continues to haunt investor’s flight towards safe haven, while weak dollar index would also be supportive for gold prices. On the MCX, gold prices are expected to trade higher today, international markets are flat at $1238 per ounce.

Read more at: http://www.moneycontrol.com/news/brokerage-recos-commodities/expect-gold-prices-to-trade-higher-today-angel-commodities_8515761.html?utm_source=ref_article

TODAY AN OVERVIEW ON COMMODITIES MARKET REPORT UPDATE 16 FEB 2017.

COMMODITY MARKET OUTLOOK

Bullion

MCX Gold price has given a breakout of its Cup & Handle pattern at 28870 levels on the 4 hourly chart and price has almost retested its breakout trend line levels. Moreover, MCX Gold prices have been trading above 100 HEMA on the hourly chart. In addition, COMEX Gold price has shown a breakout of its horizontal trend line at $1227 levels. Moreover, Momentum Indicator RSI has shown bullish range shift on the hourly chart. For now, we expect prices should move higher towards 29350 levels in the coming trading sessions.

Silver

On the 4 hourly chart, MCX Silver price has given a breakout of its inverted Head & Shoulder neckline at 41980 levels and price has rested its neckline breakout. On the other hand, COMEX Silver price has given a breakout of its horizontal trend line at $17.65 levels. Moreover, MCX Silver prices have been trading above its 21 HEMA. In addition, momentum indicator MACD has shown positive crossover on the 4 hourly chart, which indicates possibilities of further upside in the prices. For now, we expect prices to move higher towards 43400 levels in few trading sessions.

Copper

MCX Copper price has given the breakout of its falling wedge pattern at 402 levels on the hourly chart and price has retested its breakout trend line at 401 levels. On the hourly chart, COMEX Copper price has shown a breakout of its horizontal trend line at 2.75 levels. Furthermore, momentum indicator MACD has shown positive crossover and moved above its signal line levels on the hourly time frame, which suggests some huge upside momentum in the prices. For now, we expect prices to move higher towards 415 levels in coming trading sessions.

Crude oil

MCX Crude Oil price has faced the resistance of its falling trend line at 3600 levels. Moreover, prices have been trading below 200 HEMA. Furthermore, NYMEX Crude Oil prices have given a breakdown of its rising trend line at $53.90 levels on the hourly chart. Moreover, Momentum indicator RSI has remained below 60 levels on the hourly chart which suggests negative movement in the prices. For now, we expect prices to move lower towards 3460 levels in coming trading sessions.

COMMODITY MARKET LEVELS:-

GOLD

P. POINT- 29002

S1 -28920                                                                   R1-29131

S2 -28791                                                                   R2-29212

SILVER

P. POINT-42505

S1 - 42381                                                                 R1-42723

S2 - 41283                                                                 R2-42847

COPPER

P. POINT-404

S1- 401                                                                       R1-407

S2- 398                                                                       R2-410

NATURAL GAS

P. POINT-198

S1 -196                                                                       R1-200

S2 -194                                                                       R2-202

CRUDE OIL

P. POINT-3553

S1 -3527                                                                     R1-3577

S2 -3503                                                                     R2-3603

TODAY VIEW ON COMMODITY MARKET REPORT UPDATE 15 FEB 2017.

COMMODITY MARKET OUTLOOK

Bullion

MCX Gold price has given a breakout of its Cup & Handle pattern at 28870 levels on the 4 hourly charts. Moreover, MCX Gold prices have been trading above 50 HEMA on the hourly chart. In addition, COMEX Gold price has shown a breakout of its horizontal trend line at $1227 levels. Moreover, Momentum Indicator RSI has shown bullish range shift on the hourly chart. For now, we expect prices should move higher towards 29350 levels in the coming trading sessions.

Silver

MCX Gold price has given a breakout of its Cup & Handle pattern at 28870 levels on the 4 hourly charts. Moreover, MCX Gold prices have been trading above 50 HEMA on the hourly chart. In addition, COMEX Gold price has shown a breakout of its horizontal trend line at $1227 levels. Moreover, Momentum Indicator RSI has shown bullish range shift on the hourly chart. For now, we expect prices should move higher towards 29350 levels in the coming trading sessions.

Copper

MCX Copper price has given the breakout of its horizontal channel pattern at 404 levels on the hourly chart. On the hourly chart, COMEX Copper price has shown a breakout of its horizontal trend line at 2.75 levels. Furthermore, momentum indicator MACD has shown positive crossover and moved above its signal line levels on the hourly time frame, which suggests some huge upside momentum in the prices. For now, we expect prices to move higher towards 413 levels in coming trading sessions.

Crude oil

MCX Crude Oil price has given a breakdown of its rising trend line at 3590 levels and price has retested its breakdown trend line at 3620 levels. Channel pattern at 3531 levels on the hourly chart. NYMEX Crude Oil prices have given a breakdown of its rising trend line at $53.90 levels on the hourly chart. Moreover, Momentum indicator RSI has remained below 60 levels on the hourly chart which suggests negative movement in the prices. For now, we expect prices to move lower towards 3480 levels in coming trading sessions.

COMMODITY MARKET LEVELS:-

GOLD

P. POINT- 29052

S1 -28931                                                                   R1-29151

S2 -28832                                                                   R2-29272

SILVER

P. POINT-42512

S1 - 42137                                                                 R1-42803

S2 - 41846                                                                 R2-43178

COPPER

P. POINT-406

S1- 397                                                                       R1-411

S2- 392                                                                       R2-420

NATURAL GAS

P. POINT-196

S1 -193                                                                       R1-197

S2 -192                                                                       R2-199

CRUDE OIL

P. POINT-3568

S1 -3547                                                                     R1-3596

S2 -3519                                                                     R2-3617

TODAY OVERVIEW ON COMMODITY MARKET REPORT UPDATE 14 FEB 2017.

COMMODITY MARKET OUTLOOK

Bullion

MCX Gold price has given a breakout of its Cup & Handle pattern at 28870 levels on the 4 hourly charts. Moreover, MCX Gold prices have been trading above 50 HEMA on the hourly chart. In addition, COMEX Gold price has shown a breakout of its horizontal trend line at $1227 levels. Moreover, Momentum Indicator RSI has shown bullish range shift on the hourly chart. For now, we expect prices should move higher towards 29400 levels in the coming trading sessions.

Silver

On the 4 hourly chart, MCX Silver price has given a breakout of its inverted Head & Shoulder neckline at 41980 levels. On the other hand, COMEX Silver price has given a breakout of its horizontal trend line at $17.65 levels. Moreover, MCX Silver prices have been trading above its 21 HEMA. In addition, momentum indicator MACD has shown positive crossover on the 4 hourly chart, which indicates possibilities of further upside in the prices. For now, we expect prices to move higher towards 43500 levels in few trading sessions.

Copper

MCX Copper price has given the breakout of its horizontal channel pattern at 411.50 levels on the hourly chart. On the hourly chart, COMEX Copper price has shown a breakout of its horizontal trend line at 2.75 levels. Furthermore, momentum indicator MACD has shown positive crossover and moved above its signal line levels on the hourly time frame, which suggests some huge upside momentum in the prices. For now, we expect prices to move higher towards 420 levels in coming trading sessions.

Crude oil

MCX Crude Oil price has given a breakdown of its rising trend line at 3590 levels and price has retested its breakdown trend line at 3620 levels. Channel pattern at 3531 levels on the hourly chart. NYMEX Crude Oil prices have given a breakdown of its rising trend line at $53.90 levels on the hourly chart. Moreover, Momentum indicator RSI has remained below 60 levels on the hourly chart which suggests negative movement in the prices. For now, we expect prices to move lower towards 3450 levels in coming trading sessions.

COMMODITY MARKET LEVELS:-

GOLD

P. POINT- 29039

S1 -29912                                                                   R1-29139

S2 -28812                                                                   R2-29237

SILVER

P. POINT-42514

S1 - 42296                                                                 R1-42672

S2 - 42138                                                                 R2-42890

COPPER

P. POINT-412

S1- 409                                                                       R1-415

S2- 406                                                                       R2-417

NATURAL GAS

P. POINT-200

S1 -197                                                                       R1-202

S2 -195                                                                       R2-204

CRUDE OIL

P. POINT-3565

S1 -3520                                                                     R1-3593

S2 -3492                                                                     R2-3638

HERE IS AN UPDATE ON COMMODITIES MARKET UPDATE REPORT 09 FEB 2017.

COMMODITY MARKET OUTLOOK

SPDR Gold Trust GLD, the world's largest gold-backed exchange traded fund, said its holdings stood at 832.58 up 5.63 tonnes, from previous business day.  Holdings of the largest silver backed.

Exchange-traded-fund (ETF), New York's i Shares Silver Trust SLV, stood at 10410.74 tonnes, remain unchanged from previous business day.

Precious metals are trading higher on COMEX today. We expect prices to trade higher for the day as political risks from elections in Europe and worries over U.S. President Donald Trump's policies buoyed safe haven demand for the bullion.

Industrial metals are trading lower on International bourses today. We expect prices to trade range bound for the day as niggling supply risks threatened to corrode what is expected to be a modest surplus this year.

Crude oil prices rose slightly on Wednesday as investors covered short positions after a rise in U.S. crude inventories was not as massive as many had feared, while gasoline futures jumped 4 percent after a surprise decline in inventories of the fuel.

Crude oil is trading higher on NYMEX today. We expect prices to trade higher for the day, boosted by an unexpected draw in U.S. gasoline inventories; although bloated crude supplies meant that fuel markets remained under pressure.

COMMODITY MARKET LEVELS:-

GOLD

P. POINT- 29328

S1 -29266                                                                   R1-29393

S2 -29208                                                                   R2-29450

SILVER

P. POINT-42357

S1 - 42225                                                                 R1-42474

S2 - 42117                                                                 R2-42590

COPPER

P. POINT-395.2

S1- 392                                                                       R1-397

S2- 389                                                                       R2-400

NATURAL GAS

P. POINT-210.3

S1 -208                                                                       R1-213

S2 -206                                                                       R2-215

CRUDE OIL

P. POINT-3502

S1 -3481                                                                     R1-3537

S2 -3452                                                                     R2-3558

HERE ARE TRENDS & UPDATE ON COMMODITIES MARKET REPORT UPDATE 08 FEB 2017.

COMMODITY MARKET OUTLOOK

Gold steadied as investors sought the perceived safety of the yellow metal amid growing concerns over political risks in Europe and around the globe.

Silver prices gained as support seen as rising global political uncertainty supported safe-haven demand.

Crude oil dropped amid growing evidence of a revival in U.S. shale production and sluggish demand.

Copper dropped as the dollar edged higher after a Federal Reserve official offered support for a March rate rise, while supply concerns underpinned prices.

Zinc prices gained as market witnessed fresh tracking LME prices settled up by percent to $2,795. Nickel dropped on profit booking tracking LME prices after solid gains amid decision by the Philippines mining Spices minister to close more than half the country's mines.

Natural gas rallied on short-covering as forecasts called for mostly warmer-than-normal weather in key regions.

COMMODITY MARKET LEVELS:-

GOLD

P. POINT- 29287

S1 -29226                                                                   R1-29394

S2 -29126                                                                   R2-29455

SILVER

P. POINT-42417

S1 - 42254                                                                 R1-42664

S2 - 42007                                                                 R2-42827

COPPER

P. POINT-392

S1- 389                                                                       R1-393

S2- 387                                                                       R2-396

NATURAL GAS

P. POINT-210.6

S1 -208.1                                                                       R1-214.2

S2 -204.5                                                                       R2-216.7

CRUDE OIL

P. POINT-3527

S1 -3468                                                                     R1-3559

S2 -3436                                                                     R2-3616

OIL PRICES STEADY | TODAY COMMODITY MARKET REPORT UPDATE 07 FEB 2017.

COMMODITY MARKET OUTLOOK

Gold prices gained as worries about the political landscape in the United States and Europe and a subdued dollar reinforced investor interest.

Silver prices gained as investors scaled back expectations for a more aggressive pace of rate hikes from the Federal Reserve this year.

Crude oil dropped as ample U.S. supplies and excess speculative length outweighed OPEC output curbs and rising tensions between US and Iran.

Copper gained on short-covering as concerns about kinks in mine supply have helped to turn speculators positive towards copper.

Zinc gains supported by firmness in other base metals despite LME prices settled down hurt by the hike in China's interest rates that spurred a sell-off in metals.

Nickel prices regained 700 level marks on prospects of tighter supply after the Philippines said it would permanently Spices close half its nickel production.

Natural gas dropped as bearish weather model revisions over the weekend fails to push prices lower.

COMMODITY MARKET LEVELS:-

GOLD

P. POINT- 29121

S1 -29022                                                                   R1-29292

S2 -28851                                                                   R2-29392

SILVER

P. POINT-42174

S1 - 42002                                                                 R1-42454

S2 - 41719                                                                 R2-42623

COPPER

P. POINT-392

S1- 390                                                                       R1-395

S2- 387                                                                       R2-397

NATURAL GAS

P. POINT-205.5

S1 -203                                                                       R1-208

S2 -200                                                                       R2-210

CRUDE OIL

P. POINT-3598

S1 -3556                                                                     R1-3620

S2 -3534                                                                     R2-3662

GOLD FUTURES UP | TODAY COMMODITY MARKET REPORT UPDATE 06 FEB 2017.

COMMODITY MARKET OUTLOOK
Gold gained as the dollar came under pressure from a U.S. payrolls report that flagged up weak wage growth last month.
Silver prices recovered from lows as a soft U.S. jobs report clouded the outlook for as many as three rate hikes this year forecast by the Fed.
Crude oil prices traded in range as fresh sanctions on Iran imposed by the U.S. Treasury were seen as a first salvo in a wider split.
Copper dropped as BHP Billion's Escondida mine in Chile, has resumed work as the company has requested government mediation to avoid a looming strike.
 Zinc prices dropped after China wrong-footed investors and boosted interest rates, sparking concern about a clampdown on speculators.
Nickel prices fell tracking LME prices dropped in heavy volumes as Chinese markets reopened after a week-long break.
Natural gas prices dropped as investors lost faith in winter’s ability to drive up demand this year.

COMMODITY MARKET LEVELS:-
GOLD
P. POINT- 28858
S1 -28768                                                                   R1-28998
S2 -28628                                                                   R2-29088

SILVER
P. POINT-41706
S1 - 41534                                                                 R1-41968
S2 - 41272                                                                 R2-42140

COPPER
P. POINT-390.3
S1- 384                                                                       R1-393
S2- 381                                                                       R2-399

NATURAL GAS
P. POINT-208.7
S1 -202.7                                                                    R1-212
S2 -199.2                                                                    R2-218

CRUDE OIL
P. POINT-3616
S1 -3587                                                                     R1-3642
S2 -3561                                                                     R2-3671

GOLD SLIPS AS DOLLAR GAINS VS YEN | TODAY COMMODITY MARKET NEWS UPDATES 03 FEBRUARY 2017.

COMMODITY MARKET OUTLOOK

Gold edged up as support seen with tensions between Iran and the U.S, over a ballistic missile test by Tehran this week.

Base Metal Silver dropped as investors booked profits, as prices seen supported after the Fed gave no firm signal on the timing of its next rate hike.

Crude oil gained as traders cheered signs that global supply was beginning to tighten in wake of a planned agreement by major crude producers to cut output.

Copper dropped on long position unwinding as prices rallied more after prices prospects of supply. Disruptions Zinc prices dropped as LME prices slipped by a percent on profit booking after prices supported earlier helped by Glencore's production cuts.

Nickel prices settled with the gain's at 696.90 while prices surge above 700 marks after the Philippines shuts down mines.

Natural gas recovered from the day's low after weekly data showed that natural gas supplies in storage in the U.S. fell.

COMMODITY MARKET LEVELS:-

GOLD

P. POINT- 28915

S1 - 28760                                                                  R1-29005

S2 -28670                                                                   R2-29160

SILVER

P. POINT-42000

S1 - 41532                                                                 R1-42270

S2 - 41262                                                                 R2-42738

COPPER

P. POINT-399.4

S1- 393.7                                                                    R1-403.5

S2- 389.6                                                                    R2-409.8

NATURAL GAS

P. POINT-214.0

S1 -211.6                                                                    R1-217.7

S2 -207.9                                                                    R2-220.1

CRUDE OIL

P. POINT-3623

S1 -3583                                                                     R1-3654

S2 -3552                                                                     R2-3694