COMMODITY OUTLOOK on Zinc Market

ZINC:-

The Zinc can remain Bearish. Metals prices come under pressure after the data pointed to a slowing down of the economic growth in China. On Thursday, weaker than expected China’s Data, Industrial Production, retails dales and fixed investment data has ignite worries of slowdown in the nation which in turn has hit the demand expectation and which leads to the pressure on the base metals prices. In MCX, Zinc fell down by 5.75 points and ended at 211.80 as compare to the last week closing price of 217.55. We can expect more selling pressure on the prices of Zinc in coming days. Sell on High strategy would be better to follow in upcoming days.

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STARINDIA Research Base Metal Tips UPDATE: Missed Call@8817002233

UPDATE:-

SAFE TRADER CAN BOOK PART PROFIT IN COPPER SELL 50% PROFIT OF 1ST TGT CAN BE BOOKED AT 447.70.

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क्रूड में कमजोरी, सोने में हल्की बढ़त

ग्लोबल बाजार में कच्चे तेल में कमजोरी देखने को मिल रही है। नायमैक्स पर डब्ल्यूटीआई क्रूड 0.8 फीसदी फिसलकर 62.1 डॉलर पर कारोबार कर रहा है। ब्रेंट क्रूड भी 0.8 फीसदी गिरकर 65.25 डॉलर पर कारोबार कर रहा है।

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हालांकि डॉलर की कमजोरी बढ़ने से सोने में चमक दिख रही है। कॉमैक्स पर सोना 0.15 फीसदी की बढ़त के साथ 1,337.3 डॉलर पर कारोबार कर रहा है। चांदी 0.2 फीसदी गिरकर 16.75 डॉलर पर कारोबार कर रही है।

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Commodity Market Trading Tips-Gold Rate Today: Gold trades lower in morning deals

Gold prices were trading lower in the morning deals on Friday on account of subdued demand of precious metal from jewellers, retailers and investors.

MCX Gold futures were down 0.36 per cent, or Rs 109, at Rs 30,464 at around 11.05 am (IST).

commodity gold

Nirmal Bang Commodities said, “We expect gold prices to trade range bound for the day as the dollar strengthened during the week.”

SPDR Gold Trust GLD, the world’s largest gold-backed exchange-traded fund, said its latest holdings stood at 827.79 tonnes, remain unchanged from previous business day.

Latest holdings of the largest silver-backed exchange-traded-fund (ETF), New York’s iShares Silver Trust SLV, stood at 9,803.06 tonnes, remain unchanged from previous business day.

SMC Investment and Advisors believes that the bounce back in greenback is likely to keep prices under pressure. “Gold can move in range of Rs 30,450-30,700 while silver can move in range of Rs 38,300-38,800 in near term.”

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Commodity Market Trends

Commodity  Trends

  R1 S1
GOLD 31250 30350
NATURAL GAS 170 161
CRUDE 4070 3800
COPPER 478 445
ALUMINIUM 145 137
LEAD 165 150
 

commodity_opening_240 (1)

 

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COMMODITY OUTLOOK on Lead Market

Lead:

Lead was trading at higher prcies due to the winter in US and China. This very cold winter increase the demand but China has restrict the output due to environmental concern, which lead the prices of lead and zinc to go up. Base metals can be little volatile in upcoming week, thus Sell on high strategy would be better to follow in this conditions for trading.

lead

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COMMODITY OUTLOOK on Lead Market

Lead:-

On the daily chart, MCX Lead has been trading in rising channel, After a long consolidation, Lead prices finally gave a breakout of ascending triangle and ended higher at 166.60. According to the pattern the upside targets are projected till 176 levels. However, in the short term we expect the price is likely head till the previous high of 171. Thus, we recommend buying around 166 for targets of 168 then 171.

lead4

 

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