HERE ARE TRENDS AND UPDATES ON COMMODITIES MARKET REPORT 27 APRIL 2017.

COMMODITY MARKET OUTLOOK

GOLD

MCX Gold price has given breakdown of its “Rising Channel” pattern at 29000 levels on a daily chart. Moreover, COMEX Gold price has faced the resistance at $1275 levels. In addition, MCX Gold prices have been trading below 50 EMA on a daily chart. The momentum indicator MACD has shown negative crossover on the a daily chart. Therefore, we expect the Gold price to move lower towards 28500 levels.

SILVER

On a daily chart, MCX Silver price has given breakdown if its rising trend line at 41750 levels. Moreover, COMEX Silver price has faced the resistance at $17.90 levels on the hourly chart. In addition, MCX Silver prices have been trading below 50 EMA on a daily chart. The momentum indicator MACD has shown negative crossover on the a daily chart. For now, we expect the price to move lower towards 39100 levels in the coming trading sessions.

CRUDE OIL

MCX Crude price has given the breakdown of its rising trend line at 3340 levels and price has retested its breakdown trend line at 3480 levels. In addition, NYMEX WTI Crude price has closed below $50 for the first time after several days. Moreover, momentum indicator MACD has given the negative crossover on the 4 hourly chart. For now, we expect prices to correct towards 3100 levels in the few trading session.

COPPER

MCX Copper has faced the resistance of its falling channel 367.50 levels on the hourly chart. In addition, MCX Copper price has found resistance at 50 EMA on the hourly chart. Momentum indicator MACD is in bearish crossover on the hourly chart. Based on above parameters we continue to remain bearish on Copper and expect correction towards 356 in coming trading sessions.

COMMODITY MARKET LEVELS:-

GOLD

P. POINT- 28744

S1 -28666                                                                   R1-28827

S2 -28583                                                                   R2-28905

SILVER

P. POINT-40150

S1 - 39925                                                                 R1-40290

S2 - 39785                                                                 R2-40515

COPPER

P. POINT-366

S1- 363                                                                        R1-367

S2- 362                                                                        R2-369

NATURAL GAS

P. POINT-207

S1 -205                                                                        R1-212

S2 -200                                                                        R2-214

CRUDE OIL

P. POINT-3171

S1 -3162                                                                    R1-3238

S2 -3118                                                                    R2-3266

TODAY COMMODITY MARKET STRATEGY UPDATE 24 APRIL 2017.

COMMODITY MARKET OUTLOOK

Gold prices rose as investors awaited the first-round of voting in the presidential French election at the weekend and possible announcements about tax changes in US.

Silver dropped as investors kept an eye on the upcoming French presidential vote that is seen as too close to call.

Crude oil prices dropped on renewed concerns that increasing U.S. production and high inventories will thwart OPEC's attempts to reduce the global crude glut.

Copper dropped as worries over political instability and global demand prompted investors to cut bets on higher prices.

Zinc dropped tracking LME prices closed 1.8 percent lower at $2,584 as recent price gains have spurred miners around the world to increase output.

Nickel dropped on profit booking tracking weakness in LME prices dropped by 1.5 percent to $9,345 as a smaller Spices discount indicates tighter supply.

Natural gas prices ended with losses as momentum-based traders pile on to a recent losing skid tied to a weak time of year for demand.

COMMODITY MARKET LEVELS:-

GOLD

P. POINT- 29,363

S1 -29,279                                                                   R1-29,503

S2 -29,139                                                                   R2-29,587

SILVER

P. POINT-41288

S1 - 41101                                                                 R1-41476

S2 - 40913                                                                 R2-41663

COPPER

P. POINT-363

S1- 360                                                                        R1-365

S2- 357                                                                        R2-368

NATURAL GAS

P. POINT-202

S1 -198                                                                        R1-204

S2 -195                                                                        R2-208

CRUDE OIL

P. POINT-3236

S1 -3168                                                                    R1-3277

S2 -3127                                                                    R2-3345

HERE ARE TRENDS AND UPDATES ON COMMODITIES MARKET NEWS UPDATE 21 APRIL 2017.

COMMODITY MARKET OUTLOOK

GOLD

MCX Gold price has been trading in a rising channel formation from past few days and prices are trading near its resistance levels at 29500 levels on the 4 hourly chart. Moreover, COMEX Gold price has faced the resistance of its horizontal trend line at $1305 levels on the 4 hourly time frame. The momentum indicator MACD has shown negative crossover on the hourly chart. Therefore, we expect Gold price to move lower towards 29050 levels.

SILVER

MCX Silver prices shown breakdown of its rising trend line at 41450 levels on the hourly chart. Moreover, COMEX Silver has faced the resistance of its horizontal trend line at $18.30 levels on the hourly chart. In addition, momentum indicator MACD has given negative Crossover on the hourly chart in MCX Silver. For now, we expect the price to move lower towards 40500 levels in the coming trading sessions.

COPPER

MCX Copper has faced resistance of its falling trend 367.50 levels on the hourly chart. MCX Copper price has given the breakdown of its horizontal channel pattern at 367 levels on the daily chart and price has faced the resistance of its upper band of the pattern. Moreover, prices have been trading below its 200HEMA on the hourly chart. Based on above parameters we continue to remain bearish on Copper and expect correction towards 353 in coming trading sessions.

CRUDE OIL

MCX Crude price has given the breakdown of its rising trend line at 3340 levels and price has retested its breakdown trend line at 3480 levels. In addition, NYMEX WTI Crude price has faced the resistance of its horizontal trend line at $53.60 levels on the 4 hourly chart. Moreover, momentum indicator MACD has given the negative crossover on the 4 hourly chart. For now, we expect prices to correct towards 3210 levels in the few trading session.

COMMODITY MARKET LEVELS:-

GOLD

P. POINT- 29,258

S1 -29,185                                                                   R1-29,313

S2 -29,130                                                                   R2-29,386

SILVER

P. POINT-41503

S1 - 41032                                                                 R1-41807

S2 - 40728                                                                 R2-42278

COPPER

P. POINT-362

S1- 359                                                                        R1-366

S2- 355                                                                        R2-369

NATURAL GAS

P. POINT-204

S1 -202                                                                        R1-207

S2 -199                                                                        R2-209

CRUDE OIL

P. POINT-3308

S1 -3285                                                                    R1-3333

S2 -3260                                                                    R2-3356

TODAY COMMODITY MARKET STRATEGY 20 APRIL 2017.

COMMODITY MARKET OUTLOOK

Precious metals

Gold prices may however find support owing to nervousness ahead of the French election which have become a four-way fight. Opinion polls show far-right leader Marine Le Pen and centrist Emmanuel Macron will qualify for the second round on May 7. Over the past few days, geopolitical concerns have also increased after the US warning to North Korea. Consequently, rate hike probabilities have dropped in all remaining FOMC meetings this year. Pricewise, we believe that precious metals may continue to remain choppy even as the trend remains bullish.

Base metal

Metals traded mixed, on some profit booking of the previous day fall. Copper is trading at its lowest for the year after China's refined production surged in March, underlining ample stocks in China.

Energy

Oil is expected to remain weak after a sharp selloff yesterday which resulted in WTI falling close to $50 at one point. The EIA inventory data from US was not supportive as it showed smaller than expected drop of 1 million barrels in stockpiles last week. Surprisingly, gasoline stocks increased by 1.5 million barrels and US oil production inched up for a ninth straight week which led to the intensity in the price decline.

COMMODITY MARKET LEVELS:-

GOLD

P. POINT- 29,307

S1 -29,300                                                                   R1-29,412

S2 -29,094                                                                   R2-29,520

SILVER

P. POINT-41884

S1 - 41718                                                                 R1-42064

S2 - 41534                                                                 R2-42230

COPPER

P. POINT-361.2

S1- 356                                                                        R1-365

S2- 352                                                                        R2-369

NATURAL GAS

P. POINT-206

S1 -204                                                                        R1-209

S2 -200                                                                        R2-211

CRUDE OIL

P. POINT-3319

S1 -3236                                                                    R1-3372

S2 -3186                                                                    R2-3462

TODAY COMMODITY MARKET NEWS & LEVELS UPDATE 18 APRIL 2017.

COMMODITY MARKET OUTLOOK

·         Gold pared gains from a five-month high on Monday, losing steam as U.S. Treasury yields turned higher and the dollar came off its lows, after rising geopolitical tensions over North Korea spurred earlier safe-haven buying in bullion.

·         Silver turned down 0.4 percent to $18.445 an ounce after touching a five-month high of $18.649.

·         Crude oil prices slipped 1 percent on Monday in subdued trading after a long Easter holiday weekend, on news of rising U.S. shale production and profit-taking following three straight weeks of gains.

·         Shanghai aluminium soared to nearly a four-year high on Monday after fresh capacity cuts in top producer China, while the country's robust first-quarter growth underpinned its demand outlook for most metals. Three new aluminium projects with a capacity of 2 million tonnes have been halted in Xinjiang in western China for violating rules aimed at curbing capacity, state-owned China Securities Times reported on Sunday

·         We expect Natural gas prices to trade positive on the back of short covering after drop in prices.

COMMODITY MARKET LEVELS:-

GOLD

P. POINT- 29,340

S1 -29,300                                                                   R1-29,500

S2 -29,200                                                                   R2-29,600

SILVER

P. POINT-42497

S1 - 42200                                                                 R1-42700

S2 - 41900                                                                 R2-43000

COPPER

P. POINT-370

S1- 368                                                                        R1-370

S2- 366                                                                        R2-372

NATURAL GAS

P. POINT-205

S1 -203                                                                        R1-207

S2 -201                                                                        R2-209

CRUDE OIL

P. POINT-3399

S1 -3370                                                                     R1-3430

S2 -3340                                                                    R2-3460

TODAY COMMODITY MARKET OVERVIEW REPORT 13 APRIL 2017.

COMMODITY MARKET OUTLOOK

Gold steadied as the dollar reversed losses and political tensions simmered, leaving investor interest in safe havens like the precious metal largely intact.

Base Metal Silver settled flat after prices seen supported as heightened geopolitical tensions underpinned safe haven demand for the precious metal.

Crude oil prices dropped as prices gave back some of its gain despite bullish data showing a surprise inventory draw.

Copper eased shrugging off a tentative recovery in the broader financial markets as geopolitical tensions and fading hopes for a boost to U.S. demand pressured prices. Zinc gained on short covering after prices dropped recently as data showed Chinese mine supply surged by nearly a fifth last year.

Nickel dropped as a tentative recovery in broader financial markets lost steam, with geopolitical tensions and fading Spices hopes of a boost to U.S. demand putting pressure on prices.

Natural gas recovered on short-covering ahead of the weekly US Energy Information Administration natural gas storage report.

COMMODITY MARKET LEVELS:-

GOLD

P. POINT- 29231

S1 -29165                                                                   R1-29295

S2 -29101                                                                   R2-29361

SILVER

P. POINT-42258

S1 - 42098                                                                 R1-42362

S2 - 41994                                                                 R2-42522

COPPER

P. POINT-366

S1- 360                                                                      R1-369

S2- 365                                                                       R2-375

NATURAL GAS

P. POINT-205

S1 -204                                                                        R1-208

S2 -201                                                                        R2-209

CRUDE OIL

P. POINT-3451

S1 -3424                                                                     R1-3470

S2 -3405                                                                    R2-3497

TODAY COMMODITY MARKET NEWS AND LEVELS REPORT 12 APRIL 2017.

COMMODITY MARKET OUTLOOK

Gold prices rallied as investors fled risk assets and sought refuge in safe-haven gold amid rising geopolitical tensions.

Silver rallied as support seen after investors fled risk assets and sought refuge in safe-haven gold amid rising geopolitical tensions.

Crude oil finished higher as prices rebounded on talk of a possible extension to the OPEC-led production cut agreement.

Copper traded in range weighed down by concerns about oversupply as the world's top two copper mines look to recover from disruptions.

Zinc fell to a new three-month trough as the market focus is on receding supply worries.

Nickel dropped as the two biggest nickel miners in the Philippines, said prices for the metal would be robust this year Spices due to growing demand from China.

Natural gas dropped to settle at 203.90 posted its biggest losses in four weeks as traders cautious about whether.

COMMODITY MARKET LEVELS:-

GOLD

P. POINT- 29062

S1 -28895                                                                   R1-29359

S2 -28589                                                                   R2-29526

SILVER

P. POINT-41928

S1 - 41581                                                                 R1-42535

S2 - 40974                                                                 R2-42882

COPPER

P. POINT-372

S1- 370                                                                      R1-375

S2- 367                                                                       R2-377

NATURAL GAS

P. POINT-206

S1 -201                                                                        R1-208

S2 -198                                                                        R2-213

CRUDE OIL

P. POINT-3437

S1 -3418                                                                     R1-3467

S2 -3388                                                                    R2-3486

TODAY COMMODITY MARKET NEWS & LEVELS REPORT UPDATE 06 APRIL 2017.

COMMODITY MARKET OUTLOOK

Gold fell after better-than-expected U.S. jobs data boosted U.S. bond yields and the dollar.

Silver prices eased pressured by a surge in the dollar, after the release of bullish U.S. private sector job growth.

Crude oil prices pared gains after a surprise rise in inventories and uncertain prospects for President Trump's proposed tax cuts and spending plans.

Copper gained following upbeat jobs data from the United States and the return of Chinese buyers after a two-day break.

Zinc gained on short covering tracking rise in LME prices after China returned after a two-day public holiday.

Nickel gained driven higher by gains in the steel sector after a cyclone in Australia damaged transport routes for Spices coking coal.

Natural gas rose as traders monitored shifting weather forecasts to assess the outlook for early-spring demand and supply levels.

COMMODITY MARKET LEVELS:-

GOLD

P. POINT- 28859

S1 -28678                                                                   R1-28987

S2 -28550                                                                   R2-29168

SILVER

P. POINT-42317

S1 - 42116                                                                 R1-42459

S2 - 41917                                                                 R2-42660

COPPER

P. POINT-383

S1- 380                                                                      R1-389

S2- 374                                                                       R2-392

NATURAL GAS

P. POINT-214

S1 -210                                                                        R1-216

S2 -208                                                                        R2-220

CRUDE OIL

P. POINT-3340

S1 -3306                                                                     R1-3366

S2 -3280                                                                     R2-3264