Professional Documents
Culture Documents
2ndAugust 2017
27842 -
Market Outlook COMDEX
Gold prices held near their highest level in around seven weeks
on Tuesday, as market players looked ahead to a key batch of
U.S. economic data to gauge the strength of the world's largest
economy and how it will impact the Federal Reserve's view on
monetary policy. Oil traded near two-month high, supported by
signs that a persistent inventory glut is starting to ease and strong
global demand, although stronger OPEC production kept a lid on
gains. Copper prices are managing to generally hold on to most of
its recent gains and the metal looks strong, while the other metals Market Updates
appear not to be convinced that they should be following coppers MCX Date Date % Chg
lead. 31-07-17 1-08-17
GOLD 28557 28771 +0.05%
Fundamental News SILVER 38645 38515 -0.34%
Gold prices in India last week recorded the biggest discount in COPPER 410.65 407.90 -0.67%
seven months as a rebound in prices hurt retail demand while CRUDE 3183 3135 -1.51%
imports of the precious metal are expected to come under ALUMINIUM 122.70 121.85 -0.69%
pressure amid a seasonal slowdown. LEAD 149 149.20 +0.13%
Brent crude oil prices were expected to remain broadly unchanged NICKEL 657.30 657.90 +0.09%
in 2018 and average at around $45-$50 a barrel as U.S. shale ZINC 179.40 178 -0.78%
production is able to expand at these levels, effectively capping NATURALGAS 180 181.20 181.20
prices. +0.67%COME Date Date % Chg
X 31-07-17 1-08-17
Important Data GOLD 1266.60 1272.39 +0.46%
SILVER 16.786 16.758 -0.17%
Time Currenc Event Forecast Previous CRUDE 50.17 48.95 -2.43%
y COPPER 2.892 2.881 -0.36%
$ INDEX 92.67 92.82 +0.16%
Employment USDINR 64.4075 64.2850 -0.19%
4:15am NZD 0.7% 1.2%
Change q/q
PIVOT
LME INVENTORY
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Due to Summer
COMMODITIES Bank Holiday NO LME
26/07/2017 DATA TODAY
27/07/2017 28/07/2017 31/07/2017 01/08/2017
GUARSEED
Guarseed showed bullish movement and found the
important resistance level of 3650. If prices sustains
below 3550 level in next trading session then this
momentum can take prices to 3500 level. If it breaks
the resistance level of 3650 then 3700 will act as
next resistance level.
PIVOTS S1 S2 R1 R2
JEERA
Jeera showed bearish movement today and found
the support level of 19000. If prices sustain below
19000 levels in next trading session then this
momentum can take prices to 18700 levels. If it
breaks the resistance level of 19400 then 19600 will
act as next resistance level.
PIVOTS S1 S2 R1 R2
SOYABEAN
Soyabean showed sideways movement and found
the important support level of 3000. If prices sustain
below 3000 level in next trading session then this
bearish momentum can take prices to 2950 level. If
it breaks the resistance level of 3070 then 3100 will
act as next resistance level.
PIVOTS S1 S2 R1 R2
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