Professional Documents
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30thAugust 2017
27842 -
Market Outlook COMDEX
Gold prices rallied to their highest level in almost ten months on
Tuesday, as investors piled into safe-haven assets after North
Korea fired a missile that passed over northern Japan.
Geopolitical risks can boost demand for safe-haven assets such
as gold which is considered a good store of value during volatility
in other markets. Crude prices dipped on Tuesday as the market
grappled with the shutdown of some 13 percent of refining
capacity in the United States after a hurricane ripped through the
heart of the country's oil industry. Market Updates
MCX Date Date % Chg
Fundamental News 28-08-17 29-08-
Gold prices raced to a nearly 10-month high on Monday, buoyed 17
GOLD 29503 29662 +0.54%
by a sixteen-month slump in the dollar as investor expectations of
SILVER 39727 39818 +0.23%
an additional rate hike continued to fade, following Fed chair Janet COPPER 431 434 +0.70%
Yellens decision to sidestep monetary policy. CRUDE 2970 2962 -0.27%
U.S. fuel prices continue to rise as more Gulf Coast refiners cut ALUMINIUM 131.95 132.95 +0.76%
output, leaving more than 13% of the country's refining capacity LEAD 148 151.25 +2.20%
offline. Gasoline for September delivery climbed as much as 2.77 NICKEL 745.40 746.50 +0.15%
cents to $1.74 a gallon, while crude prices dipped slightly to ZINC 197.05 198.90 +0.94%
$46.50/bbl. NATURALGAS 186.20 190.80 +1.11%
COMEX Date Date % Chg
Important Data 28-08-17 29-08-17
GOLD 1315.30 1319.50 +0.31%
SILVER 17.441 17.438 -0.02%
Time Currenc Event Forecast Previous
CRUDE 46.57 46.23 -0.73%
y COPPER 3.086 3.103 +0.55%
$ INDEX 92.17 92.06 -0.12%
ADP Non-Farm USDINR 63.9100 64.0125 +0.16%
5:45pm USD Employment 186K 178K
Change
PIVOT
LME INVENTORY
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Due to Summer
COMMODITIES Bank Holiday NO LME
22/08/2017 DATA TODAY
23/08/2017 24/08/2017 25/08/2017 29/08/2017
GUARSEED
Guarseed showed sideways movement and found
the important resistance level of 4200. If prices
sustains below 4100 level in next trading session
then this momentum can take prices to 4050 level. If
it breaks the resistance level of 4220 then 4300 will
act as next resistance level.
PIVOTS S1 S2 R1 R2
JEERA
Jeera showed bearish movement today and found
the support level of 19450. If prices sustain below
19400 levels in next trading session then this
momentum can take prices to 19200 levels. If it
breaks the resistance level of 19900 then 20200 will
act as next resistance level.
PIVOTS S1 S2 R1 R2
SOYABEAN
Soyabean showed bearish movement and found the
important support level of 3110. If prices sustain
below 3100 level in next trading session then this
bearish momentum can take prices to 3050 level. If
it breaks the resistance level of 3150 then 3200 will
act as next resistance level.
PIVOTS S1 S2 R1 R2
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