STARINDIA Research MCX Base Metal TIPS UPDATE: Missed Call@8817002233

UPDATE:-

ALUMINIUM SELL (153.65) MADE LOW OF 152.65 BOOK MORE PROFIT IN IT. OUR 2Nd TGT 152.45.

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COMMODITY OUTLOOK on Aluminium Market

Aluminium:-

The Aluminium can remain choppy with negative bias. The Aluminum loses its early gains in last two trading days due to rise in LME inventories.  A higher supply even if the ban is still sanction on Rusal by US can put more pressure on Aluminium prices. Aluminium lost its early gains and ended marginally higher by 0.75 points and ended at 154.65 as compare to the last week closing price of 153.90. We can expect some more correction in coming days, but uncertainty on lifting the ban on Rusal by US can support the prices at lower levels. Sell on high strategy would be better to follow in upcoming days.

 

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STARINDIA Research MCX Base Metal UPDATE: Missed Call@8817002233

UPDATE:-

ALUMINIUM BUY MADE HIGH OF 151.80 BOOK MORE PROFIT IN IT. OUR FINAL TGT 152.40..

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Commodity Market Trading Tips-Base metals: Nickel, Aluminium rise on spot demand

Nickel prices strengthened by 0.55 per cent to Rs 935.20 per kg in futures market today as speculators engaged in raising bets amid rising demand from alloy-makers in the spot market.

At the Multi Commodity Exchange, nickel for delivery in May traded higher by Rs 5.10, or 0.55 per cent, to Rs 935.20 per kg in a business turnover of 15 lots.

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Likewise, the metal for delivery in April was trading higher by Rs 4.80, or 0.52 per cent, to Rs 931.90 per kg in 706 lots.

Analysts said, widening of positions by participants following pick-up in demand from alloy-makers at the domestic spot markets, mainly kept nickel prices trade higher at futures trade.

Aluminium
Aluminium prices rose by 0.86 per cent to Rs 157.70 per kg in futures market today as speculators raised bets, tracking a firm trend overseas.

At the Multi Commodity Exchange, aluminium for delivery in May went up by Rs 1.35, or 0.86 per cent, to Rs 157.70 per kg in a business turnover of 22 lots.

Likewise, the metal for delivery in April was trading higher by Rs 1.25, or 0.80 per cent, to Rs 158 per kg in 370 lots.

Market analysts said, raising of positions by traders on the back a firm trend overseas amid supply worries, influenced aluminium prices at the futures trade here.

Likewise, the metal for delivery in April was trading higher by Rs 1.25, or 0.80 per cent, to Rs 158 per kg in 370 lots.

Market analysts said, raising of positions by traders on the back a firm trend overseas amid supply worries, influenced aluminium prices at the futures trade here.

Meanwhile, aluminium for June rose to 14,985 yuan (USD 2,386) a tonne on the Shanghai Futures Exchange, its highest since January 29.

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रिकॉर्ड स्तर पर एल्युमिनियम, क्या हो रणनीति

घरेलू बाजार में एल्युमिनियम रिकॉर्ड स्तर पर चला गया है। शुरुआती कारोबार में इसने 152 रुपये का ऊपरी स्तर छू लिया है। इससे पहले मई 2006 में इसने 150 रुपये का ऊपरी स्तर छुआ था। लेकिन आज इसने 152 रुपये का भी स्तर छू लिया है। हालांकि ऊपरी स्तर से अब कुछ दबाव दिख रहा है। लेकिन इस हफ्ते के दौरान इसमें करीब 15 फीसदी की तेजी आ चुकी है। दरअसल अमेरिकी की ओर से रूसी कंपनियों पर रोक के बाद से एलएमई और कॉमेक्स ने रूसल के उत्पाद हटा दिए। ऐसे में वहां के गोदामों में एल्युमिनियम के भंडार में भारी कमी आई है।

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दूसरी तरफ चांदी में आज हल्की तेजी है। लेकिन पिछले 1 साल के दौरान इसकी निवेश मांग में भारी गिरावट आई है। जीएफएमएस के मुताबिक 2017 में चांदी के बार और सिक्कों के अलावा एक्सचेंज ट्रेडेड प्रोडक्ट की डिमांड करीब 40 फीसदी गिर गई है और सबसे ज्यादा गिरावट अमेरिका, कनाडा और चीन में आई है। हालांकि इंडस्ट्रियल डिमांड इसकी करीब 4 फीसदी बढ़ी है। इसके साथ सोलर इंडस्ट्री की डिमांड करीब 24 फीसदी बढ़ गई है। लेकिन परंपरागत फोटो इंडस्ट्री की डिमांड में करीब 3 फीसदी की गिरावट दर्ज हुई है।

इस बीच कच्चा तेल मजबूती के साथ पिछले 3.5 साल के ऊपरी स्तर के पास बना हुआ है। इस हफ्ते क्रूड में करीब 7 फीसदी की तेजी आ चुकी है। वहीं, आज डॉलर के मुकाबले रुपये में रिकवरी आई है और डॉलर की कीमत 65.25 रुपये पर आ गई है। जबकि एग्री कमोडिटी में आज काफी कमजोर कारोबार हो रहा है।

अधिक जानकारी के लिए कृपया हमसे संपर्क करें 8817002233 or whatsapp no. 8602780449  http://www.starindiaresearch.com/freetrail.php

Weekly Commodity News Letter

COMMODITY OUTLOOK

 Gold:-

The trend of Gold is Bullish. Gold jumps by 653 points and ended at 30880 in this week as compare to last week closing of 30227. Fed rate’s hike and trade war between US and China impact the most which weakens the Dollar that leads the prices of gold higher. We expect Gold to to continue the rally as the pressure on Dollar index is still on due to ongoing trade war scenario. Buy on Dips strategy would be better to follow for next week.

Lead:-

The Lead can remain sideways with positive bias.  The base metals are under pressure since the fear of trade war spiked by US president Donald Trump decision to impose import tariffs on Aluminium and Steel. Lead fell by 2.65 points and ended lower at 152.60 this week, but Lead is finding support at 150 since three weeks. We can expect some bounce from these levels in upcoming days. Buy on Dips would be better to follow.

promotional 3

Crude:-

The crude oil can remain sideways with positive bias. A sharp rally in the prices of Crude oil has been seen in this week due to continue efforts of OPEC and its allies to curb supplies. The tension between Iran and Saudi Arabia has also leading the prices higher. Crude oil closed 212 points plus at 4266 as compare to the last week price of 4054.We expect some profit booking by traders in upcoming days but restriction on supplies will provide support.

Copper:

The Trend of Copper is sideways with negative bias. The ongoing trade war between US and China keeping the pressure on the prices of base metals. This week copper falls by 15.15 points and ended lower at 433.75. The retaliation by China to US tariffs kept the pressure on Copper in the end of this week too. We expect Copper to trade in a range of 428 – 445. Sell on high strategy can be follow for upcoming week.

Zinc:

The Zinc can remain sideways with positive bias.  The base metals are under pressure since the fear of trade war spiked by US president Donald Trump decision to impose import tariffs on Aluminium and Steel. Zinc is finding support at 207 since three weeks. We can expect some bounce from these levels in upcoming days. Buy on Dips would be better to follow.

Aluminum:-

The trend of Aluminium is bullish. Weak Dollar and higher stockpiles of LME Aluminum lead the prices higher this week. Weak Dollar leads the expectation of higher global demand for the hard metals. LME Aluminium stocks rose by 31275 tonnes, to a total of 158925 tonne increase, and ended at the biggest weekly gain since May 2009. Some spikes have been triggered in the prices due to the closing of China Markets.  Buy on Dips would be better to follow in this week.

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Weekly Commodity News Letter

COMMODITY OUTLOOK

 Gold:-

The trend of Gold is sideways with negative bias. Gold fell by 46 points and ended at 30449 in this week as compare to last week closing of 30443. Gold failed to go above 30700 which was the resistance level and fell down to 30280. European central bank president Mario Draghi speaks to signals reactive of the monetary policies on Thursday which eases off the pressure from the gold price. In next week we expect it to trade lower. Sell on high strategy would be follow for next week.

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Natural Gas :-

Natural Gas can remain choppy with negative bias. Higher temperature on the US east coast leads the prices in up trend, but high inventory capped the gains of the natural gas this week. We expect it to remain choppy and can be little range bound for some days. Sell on high strategy would be better to follow.

Crude:-

The crude oil can remain sideways with positive bias. The nervousness of a potential trade war put pressure on the prices till Friday as due to some profit booking it bounced back from the lower levels and ended positive this week. Crude oil price closed 20 points plus as compare to the last week price of 3996. We expect some bounce back till 4150 level but it will still feel some pressure due to market trend. Sell on high strategy would be better to follow for the nest month.

Copper:

The Trend of Copper is sideways with positive bias. Weak Chinese reports along with the nervousness of a potential trade war have put pressure on the Copper prices. But on Friday, we have witnesses a Hugh short covering in copper from the lower level due to good NFP numbers and the trend can be continuing for the few days. Buy on dips strategy can be follow for upcoming week.

Aluminum:-

The Aluminium can remain sideways with positive bias.  Jitters of a potential trade war due to announcement of 10% tariff on Aluminium by US President Donald Trump put the pressure on the prices. But it remained strong as compare to other base metals, especially lead and zinc.  Short covering on Friday shows some recovery in the market so it can trade little positive in upcoming week. Buy on Dips would be better to follow.

 

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