Market Commodity Trends

Commodity  Trends

  R1 S1
GOLD 29444 28908
SILVER 39808 38619
CRUDE 3217 3080
COPPER 415 402
LEAD 151 145
NICKEL 704 670
ALUMINIUM 132 124
ZINC 186 176

 

To Get Free Trial
Missed call @8817002233
Mail Us – starindiamarket@gmail.com
visit – https://www.starindiaresearch.com/mcx-tips.php

Commodity Outlook on Aluminum Market

Aluminum:-

Aluminum gave a long upside  from last two weeks and prices closed at 130.15 for coming days prices can rise till level 132, if the pullbacks seen on upper side. As major resistance comes at 132 handle, the correction can be up to 124 major support.

aluminium

To Get Free Trial
Missed call @8817002233
Mail Us – starindiamarket@gmail.com
visit – https://www.starindiaresearch.com/mcx-tips.php

Commodity Outlook on Nickel Market

Nickel:-

The Nickel is in perfect downtrend. The oscillator is on SELL signal and Nickel is coming down from overbought level .In last 1 month volatility is very less and fresh sell can be considered in the Nickel if it close above  685.80 or sell with strict stop at  708. The oscillator is on SELL signal and Nickel is coming down from overbought level for short term the current position is sell .Position ally Support for the Nickel is 704 immediate resistances for Nickel is 681.

nickel

To Get Free Trial
Missed call @8817002233
Mail Us – starindiamarket@gmail.com
visit – https://www.starindiaresearch.com/mcx-tips.php

 

Commodity Outlook on Lead Market

Lead:-

Lead performing well on the buyer side and gave a good profit booking to buyers from last three days. Analyzing the daily chart we feel a cool up in the prices of lead as it closed near the opening of the week. Since the commodity closed with dominant sellers, so a rising up can be seen in coming week where support falls at 145 and resistance at 151.

lead4

 

To Get Free Trial
Missed call @8817002233
Mail Us – starindiamarket@gmail.com
visit – https://www.starindiaresearch.com/mcx-tips.php

Commodity Outlook on Zinc Market

Zinc :

Zinc prices are following trend line from a long time and we can see that the price can pull back up to major support 176. Sustaining on overbought zone, pullbacks can be we are expected in Zinc. From last week we can see that there were some corrections taking place. This can lead to 176 handle. Analysts said the weakness in zinc at futures trade was mostly attributed to trimming of positions by speculators amid a weak trend at the domestic spot markets but firm overseas trend capped the losses

zinc 5

To Get Free Trial
Missed call @8817002233
Mail Us – starindiamarket@gmail.com
visit – https://www.starindiaresearch.com/mcx-tips.php

 

Commodity Outlook on Crude Oil Market

Crude:-

WTI oil prices declined by 2 percent on Thursday to close at $48.6 per barrel on fears of slowing demand amid lingering concerns over a global over supply of crude. U.S. stock indexes fell sharply on Thursday, with the Dow and the Nasdaq posting triple – digit point declines, as investors fretted over escalating tensions between the U.S. and North Korea. OPEC said its oil output rose by 17 3,000 bpd in July to 32.87 million  bpd, led by the exempt producers plus top exporter Saudi Arabia,  citing figures it collects from secondary sources. Crude prices are down nearly 7 percent so far this year, pressured by concern that output cuts by OPEC and its partners may not eliminate the global crude glut. On the MCX, oil prices declined by 0.9 percent to close at Rs.3128 per barrel.

oil-prices-edge-higher-after-us-stockpile-fall

To Get Free Trial
Missed call @8817002233
Mail Us – starindiamarket@gmail.com
visit – https://www.starindiaresearch.com/mcx-tips.php

Commodity Outlook on Silver Market

Silver:-

Silver gained amid rising tensions between US and North Korea after the North responded to warnings from U.S. President Donald Trump.The productivity of U.S. workers accelerated a bit in the second quarter as economic growth accelerated but remains well below historical averages.U.S. jobs data came in better than expected, while investors awaited U.S. inflation figures later this week for further clues about the pace of interest rate rises. On upper end 39750 will be first resistance and 38200 will be the initial support for the shining metal

silver

 

To Get Free Trial

Missed call @8817002233

Mail Us = starindiamarket@gmail.com

visit =  https://www.starindiaresearch.com/services.php