Commodity Trading Tips

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Get real time advice for Indian Share Market Tips, Best MCX Tips, Stock trading tips, Forex, Commodity Trading Tips like Gold Trading Tips, Silver Trading Tips, copper, Crude Oil Tips and Daily Trading Tips updates. We Provide Stock trading tips. For 2 Days Free Trial, please visit our site …

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  • www.capitalstars.com | CapitalStars Research

    30/09/2015

    s

    www.capitalstars.com | Ca

    DAILY MCX NEWSLETTER

    www.capitalstars.com | CapitalStars Research

  • BULLION:

    Gold steadied after a three-day losing streak but was headed for its worst quarter

    in a year on a looming U.S. rate hike. The metal's 15 percent loss this quarter is

    its fifth straight quarterly drop and its worst three-month period since the third

    quarter of 2008. It is down 9 percent for the month, its biggest monthly drop

    since May 2012. Gold has been hurt by expectations that the Federal Reserve

    would raise U.S. rates this year for the first time in nearly a decade, a move that

    could dent demand for non-interest-paying bullion. Traders will be eyeing a

    speech by Fed Chair Janet Yellen later on Wednesday.

    BASE METAL: Base metals market was overshadowed by

    sluggish Chinese and European economy,

    possible rate hike in the US, falling copper

    demand in China and selloffs in Glencores

    shares earlier. Chinas support for infrastructure

    projects will cheer market up. Today is the last

    trading day before the week-log Chinese

    holiday, so caution will dominate. LME copper

    should move between USD 4,950-5,010/mt on

    Wednesday. SHFE 1512 copper should rise to

    RMB 37,800-38,300/mt on exit of shorts before

    the holiday. In Chinas spot market, trading

    activity will quiet down, and spot discounts of

    RMB 0-30/mt.

    ENERGY:

    Crude oil futures fell in Asian trade on Wednesday after U.S. inventories showed a weekly buildup that far exceeded analyst

    expectations. The American Petroleum Institute said late on Tuesday that U.S. crude oil stockpiles rose by 4.6 million barrels to 457.8

    million barrels in the week to Sept. 25. Analysts polled by Reuters had expected an increase of only 102,000 barrels. U.S. crude oil

    production should continue on its decline with falling rig counts," Ang said. Wednesday's session may have added volatility due to

    the close of September and third-quarter trading, according to some analysts.

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  • CS GOLD (OCTOBER) OVERVIEW:

    TREND : BEARISH RESIST 2: 26580 RESIST 1: 26460

    SUP 1: 26050 SUP 2: 25870

    STRATEGY: SELL ON RISE

    CS SILVER (DECEMBER) OVERVIEW:

    TREND : BEARISH RESIST 2:35470 RESIST 1:35225

    SUP1:34630 SUP2:34250

    STRATEGY : SELL ON RISE

    CS CRUDE OIL (OCTOBER) OVERVIEW:

    TREND :BEARISH

    RESIST 2:3070 RESIST 1:3030

    SUP1:2950 SUP2:2920

    STRATEGY: SELL ON RISE

    CS NATURAL GAS (OCTOBER) OVERVIEW:

    TREND :BEARISH RESIST 2:177 RESIST 1:174

    SUP1: 170 SUP2:167

    STRATEGY: SELL ON RISE

    BULLION & ENERGY

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  • CS COPPER (NOVEMBER) OVERVIEW:

    TREND :BEARISH

    RESIST 2:337 RESIST 1:335

    SUP1:330 SUP2:328

    STRATEGY: SELL ON RISE

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    BASE METAL

  • MCX CRUDE OIL OCT., Tuesday as seen in the daily chart opened at 2968 levels and day high of

    3033 levels. During this period price corrected & made day low of 2953 levels finally closed at

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    COMMODITY PICK OF THE DAY: CRUDE OIL

  • 3026 levels. Now, there are chances of further downward movement technically &

    fundamentally.

    Crude oil futures fell in Asian trade on Wednesday after U.S. inventories showed a weekly buildup that far exceeded analyst expectations.

    DAILY RECOMMENDATION: SELL MCX CRUDE OIL OCT., BELOW 3000 LEVELS FOR

    TARGET OF T1 2900/T2 2850 WITH SL OF 3120 LEVELS.

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