1 / 7

DAILY MCX NEWSLETTER

Gold prices fell further in Asia on Tuesday as investors took profits ahead of central bank reviews this week with the Bank of Japan up first in holding policy steady.

PurviMehta
Download Presentation

DAILY MCX NEWSLETTER

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. www.capitalstars.com www.capitalstars.com | | CapitalStars Research 15/03/2016 CapitalStars Research DAILY MCX NEWSLETTER s www.capitalstars.com www.capitalstars.com | | CapitalStars Research CapitalStars Research www.capitalstars.com | | Ca www.capitalstars.com Ca

  2. BULLION: BASE METAL: LME copper will fluctuate between USD 4,920-4,970/mt during Asian trading hours Tuesday. Copper prices were dragged down by crude oil prices overnight. SHFE 1605 copper will range RMB 37,200-37,700/mt. US February inflation, retail sales, home price and New York Fed’s manufacturing index slated for release today are expected to be mixed. This will affect exchange rate market, but give limited effect on base metals. Base metals are expected to remain range-bound today. Gold prices fell further in Asia on Tuesday as investors took profits ahead of central bank reviews this week with the Bank of Japan up first in holding policy steady. Gold for April delivery fell 1.21% to $1,230.00 a troy ounce. A day later, the Federal Reserve will issue its latest monetary policy statement following the completion of its two-day Federal Open Market Committee (FOMC) for the month of March. ENERGY: Crude oil prices reversed course and fell in Asia on Tuesday ahead of industry estimates of U.S. stockpiles and continued back-and-forth over prospects for an output freeze by key producers. Overnight, crude prices slid from three-month highs on Monday, after Russia lent support to Iran's refusal to align with other major producers in a joint effort to cap output, placing a potential OPEC-Non OPEC production freeze in jeopardy. www.capitalstars.com www.capitalstars.com | | CapitalStars Research CapitalStars Research

  3. BULLION & ENERGY CS GOLD ( CS GOLD (APRIL APRIL) OVERVIEW ) OVERVIEW: : TREND : BEARISH RESIST 2: 29460 RESIST 1: 29220 SUP 1: 28785 SUP 2: 28400 STRATEGY: BUY ON DIPS CS SILVER ( CS SILVER (MAY MAY) OVERVIEW ) OVERVIEW: : TREND : BEARISH RESIST 2: 37830 RESIST 1: 37560 SUP1: 36850 SUP2: 36650 STRATEGY : SELL ON RISE CS CRUDE OIL ( CS CRUDE OIL (MARCH MARCH) OVERVIEW ) OVERVIEW: : TREND :BEARISH RESIST 2:2580 RESIST 1:2550 SUP1:2460 SUP2:2420 STRATEGY: SELL ON RISE OVERVIEW: : CS NATURAL GAS ( CS NATURAL GAS (MARCH) MARCH) OVERVIEW TREND : BEARISH RESIST 2:127 RESIST 1:125 SUP1:120 SUP2:116 STRATEGY: SELL ON RISE www.capitalstars.com www.capitalstars.com | | CapitalStars Research CapitalStars Research

  4. BASE METAL CS COPPER ( CS COPPER (APRIL APRIL) OVERVIEW: ) OVERVIEW: TREND :BEARISH RESIST 2:339 RESIST 1:336 SUP1:331 SUP2:329 STRATEGY: SELL ON RISE Get real time advice for Stock Market, Forex, COMEX, Stock trading tips, Forex, Commodity like gold, silver, copper, crude trading tips and all market updates. We Provide Stock trading tips. For 2 Days Free Trial, please visit our site ………….. http://www.capitalstars.com Call at 0731-6790000, 6669900 www.capitalstars.com www.capitalstars.com | | CapitalStars Research CapitalStars Research

  5. COMMODITY PICK OF THE DAY: CRUDE OIL MCX CRUDE OIL MAR., Monday as seen in the daily chart opened at 2583 levels and day high of 2583 levels. During this period price corrected & made day low of 2471 levels finally closed at 2500 levels. Now, there are chances of further downward movement technically & fundamentally. Overnight, crude prices slid from three-month highs on Monday, after Russia lent support to Iran's refusal to align with other major producers in a joint effort to cap output, placing a potential OPEC-Non OPEC production freeze in jeopardy. DAILY RECOMMENDATION: SELL MCX CRUDE OIL MAR., AROUND 2500 LEVELS FOR TARGET OF T1 2400 /T2 2350 WITH SL OF 2600 LEVELS.

  6. www.capitalstars.com www.capitalstars.com | | CapitalStars Research CapitalStars Research DISCLAIMER The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Use of this report in no way constitutes a client/advisor relationship, all information we communicate to you (the subscriber) either through our Web site or other forms of communications, are purely for informational purposes only. We recommend seeking individual investment advice before making any investment, for you are assuming sole liability for your investments. Capital Stars will in no way have discretionary authority over your trading or investment accounts. All rights reserved. Our Some Best Services Read it Here… Commodity Market Tips, MCX Copper Tips, MCX Tips, Crude oil tips, Nifty Options Tips, Share Market Live, Financial Advisory Company in Indore, Stock Advisory Company in Indore CapitalStars Financial Research Financial Advisory Services

  7. www.capitalstars.com | T:+91-731-6790000,6669900 www.capitalstars.com www.capitalstars.com | | CapitalStars Research CapitalStars Research

More Related