23rdAugust 2017
27842 -
Market Outlook COMDEX
Gold prices edged lower on Tuesday, as market players looked
ahead to the annual meeting of top central bankers and
economists in Jackson Hole, Wyoming later this week. Oil prices
were higher on Tuesday, bouncing back from the prior session's
more than 2% drop as investors looked ahead to weekly data
from the U.S. on stockpiles of crude and refined products. For
the most part, the base metals prices continue to look bullish,
some more so than others with tin and to a lesser extent lead the
mains ones struggling, or more likely to run into forward selling, Market Updates
while forward selling seems less of an issue for the other base MCX Date Date % Chg
metals. 21-08-17 22-08-
17
GOLD 29283 29105 -0.61%
Fundamental News
SILVER 39088 38939 -0.38%
Gold prices traded near session highs on Monday, in the wake of COPPER 421.90 422.05 +0.04%
continued dollar weakness, following growing fears over CRUDE 3038 3072 +0.23%
geopolitical tensions in North Korea, after the U.S. and South ALUMINIUM 132.60 131.95 -0.49%
Korea began military drills. LEAD 149.50 153.75 +2.84%
U.S. crude production has broken through 9.5 million barrels per NICKEL 724.90 731 +0.84%
day (bpd), its highest since July 2015, but analysts say growth ZINC 200.25 199.60 -0.32%
may slow as U.S. energy firms cut the number of rigs drilling for NATURALGAS 190.30 188.70 -0.84%
new oil. COMEX Date Date % Chg
21-08-17 22-08-17
GOLD 1296.70 1291.39 -0.41%
Important Data SILVER 17.015 16.982 -0.19%
CRUDE 47.53 47.80 +0.57%
Time Currenc Event Forecast Previous
COPPER 2.981 2.986 +0.18%
y $ INDEX 93.00 93.43 +0.43%
USDINR 64.1900 64.1500 -0.06%
ECB President
12:30pm EUR
Draghi Speaks
PIVOT
LME INVENTORY
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Due to Summer
COMMODITIES Bank Holiday NO LME
16/08/2017 DATA TODAY
17/08/2017 18/08/2017 21/08/2017 22/08/2017
GUARSEED
Guarseed showed bullish movement and found the
important resistance level of 4140. If prices sustains
below 4025 level in next trading session then this
momentum can take prices to 3975 level. If it breaks
the resistance level of 4080 then 4125 will act as
next resistance level.
PIVOTS S1 S2 R1 R2
JEERA
Jeera showed bearish movement today and found
the support level of 19550. If prices sustain below
19500 levels in next trading session then this
momentum can take prices to 19300 levels. If it
breaks the resistance level of 19800 then 20000 will
act as next resistance level.
PIVOTS S1 S2 R1 R2
SOYABEAN
Soyabean showed bullish movement and found the
important resistance level of 3270. If prices sustain
below 3270 level in next trading session then this
bearish momentum can take prices to 3310 level. If
it breaks the resistance level of 3220 then 3170 will
act as next resistance level.
PIVOTS S1 S2 R1 R2
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