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27842 -
Market Outlook COMDEX
Gold prices traded at one-year highs on Friday, helped by a
broadly weaker U.S. dollar and lingering concerns over North
Korea tensions with the rest of the world. Oil prices were mixed
on Friday; with U.S. crude futures sliding lower and Brent prices
moving higher after data on Thursday showed a rise in U.S.
stockpiles last week and as markets prepared for potential
supply disruptions caused by Hurricane Irma. More of the base
metals rallies notably coppers and nickels ran out of steam
on Tuesday and given the gains in recent weeks/months, it is not Market Updates
surprising that more selling is being done at these higher price MCX Date Date % Chg
levels. 7-09-17 8-09-17
GOLD 30282 30268 -0.05%
Fundamental News SILVER 41617 41570 -0.11%
The U.S. dollar came under pressure after the U.S. Labor COPPER 446.05 431.10 -3.35%
Department reported on Thursday that initial jobless claims raised CRUDE 3143 3045 -3.12%
more than expected to 298,000 last week. ALUMINIUM 134.45 132.85 -1.19%
LEAD 149.10 143.75 -3.59%
U.S. oil futures were hit after the Energy Information
NICKEL 778.10 734 -5.74%
Administration reported on Thursday that crude stockpiles rose ZINC 200.60 193.65 -3.46%
more than expected last week, offsetting recent optimism on oil NATURALGAS 191.40 185.60 -3.03%
prices which has seen crude futures settle higher for three-straight
COMEX Date Date % Chg
days.
7-09-17 8-09-17
GOLD 1350.30 1352.52 +0.16%
SILVER 18.116 18.105 -0.06%
Important Data
CRUDE 49.09 48.16 -1.89%
Time Currenc Event Forecast Previous COPPER 3.144 3.042 -3.23%
$ INDEX 91.49 91.29 -0.23%
y
USDINR 64.1525 63.9025 -0.39%
Tertiary Industry
10:00am JPY 0.0%
Activity m/m
PIVOT
LME INVENTORY
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Due to Summer
COMMODITIES Bank Holiday NO LME
4/09/2017 DATA TODAY
5/09/2017 6/09/2017 7/09/2017 8/09/2017
GUARSEED
Guarseed showed bullish movement and found the
important resistance level of 3900. If prices sustains
below 3820 level in next trading session then this
momentum can take prices to 3750 level. If it breaks
the resistance level of 3900 then 3950 will act as
next resistance level.
PIVOTS S1 S2 R1 R2
JEERA
Jeera showed bearish movement today and found
the support level of 19300. If prices sustain below
19300 levels in next trading session then this
momentum can take prices to 19000 levels. If it
breaks the resistance level of 19600 then 19800 will
act as next resistance level.
PIVOTS S1 S2 R1 R2
SOYABEAN
Soyabean showed bearish movement and found the
important support level of 3075. If prices sustain
below 3070 level in next trading session then this
bearish momentum can take prices to 3030 level. If
it breaks the resistance level of 3120 then 3170 will
act as next resistance level.
PIVOTS S1 S2 R1 R2
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