Download - Dailly commodity news latter 10 aug 2015
Daily commodity News Latter
U.S. adds 173,000 jobs in August
as unemployment falls to seven
year low
2015
Capital Life
Market Research
9/10/2015
commodity News Latter
U.S. adds 173,000 jobs in August
as unemployment falls to seven-
2015
Capital Life
Market Research
/2015
commodity News Latter
Bullion:
Base Metals:
Energy:
Gold fell to a three-week low on Wednesday as stock markets
strengthened and the dollar firmed, though prices remained hemmed
into a narrow range ahead of next week's Federal Reserve meeting.
gold market will be closely watching the U.S. central bank's next policy
statement on Sept. 17 for clues on the timing of a U.S. interest rate rise.
Global shares surged on Wednesday, led by the biggest daily gains in
Japan for seven years, helping to lift the dollar and oil prices as the
prospect of more stimulus from China soothed investors rattled by
recent market turmoil.
Base metals may continue to trade on volatile path amid mixed
fundamentals. Copper may trade in range of 356
move in range of 113-115. Aluminum may move in range of 107
Zinc may move in range of 120-122. Nickel may move
680 in MCX. Copper futures closed slightly higher in London on
Wednesday, on hopes that the Chinese government will inject further
monetary stimulus into the economy of the largest consumer of this
metal. The London Metal Exchange's three
up 0.4% at $5,365 a metric ton at the PM kerb close, having hit a seven
week high earlier in the session at $5,434.50 a ton.
Crude oil may open in red tracking weak international markets as EIA
inventory data to give further direction to the prices. Overall it may
move in range of 2900-3100 in MCX. Oil futures dipped below $45 a
barrel on Wednesday, settling at the lowest level in nearly two weeks
after the Energy Information Administration lowered its crude
forecasts for this year and next. Prices also saw pre
weekly data that's expected to show a rise in U.S. crude supplies. In a
monthly report, the EIA said it expects WTI prices to average $49.23 a
barrel this year, down from a previous forecast of $49.62. It also reduced
its forecast to $53.57 for 2016, versus $54.42. For Brent, its 2015
forecast was at $54.07,
week low on Wednesday as stock markets
strengthened and the dollar firmed, though prices remained hemmed
into a narrow range ahead of next week's Federal Reserve meeting. The
gold market will be closely watching the U.S. central bank's next policy
statement on Sept. 17 for clues on the timing of a U.S. interest rate rise.
Global shares surged on Wednesday, led by the biggest daily gains in
lift the dollar and oil prices as the
prospect of more stimulus from China soothed investors rattled by
Base metals may continue to trade on volatile path amid mixed
fundamentals. Copper may trade in range of 356-370 while Lead may
115. Aluminum may move in range of 107 -109.
122. Nickel may move in range of 660-
680 in MCX. Copper futures closed slightly higher in London on
Wednesday, on hopes that the Chinese government will inject further
monetary stimulus into the economy of the largest consumer of this
metal. The London Metal Exchange's three-month copper contract was
up 0.4% at $5,365 a metric ton at the PM kerb close, having hit a seven-
week high earlier in the session at $5,434.50 a ton.
Crude oil may open in red tracking weak international markets as EIA
inventory data to give further direction to the prices. Overall it may
3100 in MCX. Oil futures dipped below $45 a
barrel on Wednesday, settling at the lowest level in nearly two weeks
after the Energy Information Administration lowered its crude-oil price
forecasts for this year and next. Prices also saw pressure ahead of
weekly data that's expected to show a rise in U.S. crude supplies. In a
monthly report, the EIA said it expects WTI prices to average $49.23 a
barrel this year, down from a previous forecast of $49.62. It also reduced
for 2016, versus $54.42. For Brent, its 2015
barrel this year, down from a previous forecast of $49.62. It also reduced
Technical
Out Look Gold
• Resistance: 26300 26450 26600• Support: 26000 25900 25750• Strategy: Sell On Rise
Silver
• Resistance: 35800, 36300,36900• Support: 35000, 34600,34000• Stratergy: Sell On Rise
Copper
• Resistance: 370, 374, 378• Support: 360, 357,355• Stratergy: Sell On Rise
Crude Oil
• Resistance: 2980, 3050, 3150• Support: 2900, 2860, 2800• Stratergy: Sell On Rise
Lead
• Resistance: 114, 114.70, 115.20• Support: 112.50, 111.40, 110.90• Stratergy: Buy On Dips
Zinc
• Resistance: 121.50, 122.50, 123.40• Support: 119.50, 118.50, 117.80 • Stratergy: Buy On Dips
International Market
Updates
Dow Jonse-16217
FTSE_100-6072
Hang_Seng-20640
Nikkei_225-17460
DAX_30-10109
CAC_40-4540
International Market
gold-
1120
Silver-
14.50
Copper-
2.334
Crude oil-
44.35
Natural Gas-
2.681
EURUSD
1.1217
USDCHF
0.9711
USDJPY
119.44
GBPUSD
1.5382
USDINR
EURUSD-
1.1217
USDCHF-
0.9711
USDJPY-
119.44
GBPUSD-
1.5382
USDINR-
66.87
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