By and Sell Free Commodity Trading Tips By Expert

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09 MAR 13 MAR 2015 \ W E E K L Y R E P O R T Blow by Blow On Bullions, Base metals, Energy… WWW.TRIFIDRESEARCH.COM

Transcript of By and Sell Free Commodity Trading Tips By Expert

Page 1: By and Sell Free Commodity Trading Tips By Expert

09 MAR – 13 MAR 2015

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W E E K L Y

R

E

P

O

R

T

Blow by Blow

On

Bullions,

Base metals,

Energy…

WWW.TRIFIDRESEARCH.COM

Page 2: By and Sell Free Commodity Trading Tips By Expert

MAJOR EVENTS A new report shows that in 2014 gold recycling fell to a seven-year low and is

expected to remain low in 2015. This is partly a result of gold prices being lower than

they were several years ago, leading to less ‘distress selling’ as a result of greater

economic stability, and the depletion of near-market gold recycling materials.The

report says between 1995 and 2014, recycled gold accounted for, on average, about a

third of total supply.

This average belies the dynamic, responsive nature of recycling. An analysis of

recycling data from 1982 to 2012 reveals that price fluctuations accounted for around

75 percent of the changes in recycling volumes and that economic shocks can boost

recycling by up to 20 percent.The report examines the challenges and opportunities

facing the gold recycling industry, which has two main components; high-value

recycled gold3 and industrial recycled gold4. The growing volume in waste electrical

and electronic equipment (WEEE) offers opportunities for industrial materials

recycling, although obtaining gold from this material will become ever harder as

smaller amounts of gold are used in them.

Intensified competition and overcapacity in the near and mid-terms represent the

main challenges for both the high-value and industrial gold recycling segments. In

addition, falls in precious metal prices have squeezed margins along the recycling

value chain, spurring consolidation.

Oil's rapid decline since August of last year has been dramatic. To listen to some

commentators you would also think it is unprecedented and irreversible. Those

claiming that oil will continue to fall from here and remain low for evermore,

however, are flying in the face of both history and common sense. The question we

should be asking ourselves is not if oil prices will recover, but when they will.From

June of 2014 until now, the price of a barrel of West Texas Intermediate (WTI) crude

oil has fallen approximately 57 percent. As the above chart shows, there have been

drops of a similar percentage five times in the last 30 years. The rate of recovery has

been different each time, but recovery has come. In addition, since 1999 the chart

shows a consistent pattern of higher lows. In other words, oil is a volatile market, but

prices are in a long term upward trend. Charts can only tell us so much, however.

Even a long term trend can be broken if fundamental conditions change, and that, say

those predicting that oil will never recover, is what has happened. There is no doubt

that supply has increased. Hydraulic fracturing, or “fracking” technology has unlocked

reserves of oil and natural gas previously thought of as unrecoverable.

Crude Oil will

bounce back if

history is any

indication.

Copper, Zinc

futures may trade

bearish.

Euro currency hit a 11 year low against the US Dollar while equities in the region

added weight as markets took note of additional stimulus expectations from the ECB.

The common currency slipped to as low as $1.1026, Reuters reported, its weakest

since September 2003. USDX moved higher to 96.15 mark.Markets await the

important ECB meeting outcome and debt purchase program today evening with

anticipation for announcement of a near 1.1 Trln Euro worth QE to counter the

slowing growth and falling inflation.In commodities segment, Bullion stayed in a small

range while trading bias was modestly down as gains in US Dollar pushed the two

metals lower. As we suggested in morning, ECB meeting outcome and mainly the press

conference is expected to create good volatility in the complex wherein which we

advice to keep the positions light as we move into evening session. We hold ranged

trade in Bullion with marginal selling view.In Energy, oil advanced for another day

while Indian MCX crude jumped around 3% today as it tried to catch up the gains in

NYMEX. Price increased despite weaker inventory numbers from the US as markets

took note of movement in Brent in last few session and also the comments from Saudi

and IEA over likely demand coming in second half of 2015.

Gold recycling to

remain low in

2015.

Page 3: By and Sell Free Commodity Trading Tips By Expert

E C O N O M I C C A L E N D E R

DATE & TIME DESCRIPTION FORECAST PREVIOUS

Mar 9 7:30pm Labor Market Conditions Index m/m 4.9

Mar 10 6:30pm NFIB Small Business Index 97.9

7:30pm JOLTS Job Openings 5.03M

7:30pm Wholesale Inventories m/m 0.1%

Mar 11 8:00pm Crude Oil Inventories 10.3M

10:31pm 10-y Bond Auction 2.00/2.6

11:30pm Federal Budget Balance -17.5B

Mar 12 6:00pm Core Retail Sales m/m -0.9%

6:00pm Retail Sales m/m -0.8%

6:00pm Unemployment Claims 320K

6:00pm Import Prices m/m -2.8%

7:30pm Business Inventories m/m 0.1%

8:00pm Natural Gas Storage

10:31pm 30-y Bond Auction 2.56/2.3

Mar 13 6:00pm PPI m/m -0.8%

6:00pm Core PPI m/m -0.1%

7:30pm Prelim UoM Consumer Sentiment 95.4

7:30pm Prelim UoM Inflation Expectations 2.8%

Page 4: By and Sell Free Commodity Trading Tips By Expert

S1 S2 S3 R1 R2 R3

25950 25525 25160 26670 27115 27650

S1 S2 S3 R1 R2 R3

35650 34525 33490 37500 38475 39800

T E C H N I C A L V I E W

MCX GOLD showed sideways

movement, and sustaining below the

lower band of channel pattern and

closed below the resistance level of

26750. Now, if it is able to sustain

below 26000 then drag to major

support level of 25500. On other hand

maintaining above 26700 then bullish

movement may take it towards the

resistance level of 27500.

S T R A T E G Y Better strategy in MCX GOLD is to sell

below 26250 for the target of 25500

with stop loss of 27000.

PIVOT TABLE

G O L D

PIVOT TABLE

S I L V E R

T E C H N I C A L V I E W

MCX SILVER on daily charts showed

sideways movement last week, gave

breakout of rough head and shoulder

pattern and closed below it. Now, if it

sustain below 36100 then next support

is seen in the range of 34200. On

higher side maintaining above 37500

will again lead it towards the resistance

level of 39000.

S T R A T E G Y Better strategy in MCX SILVER at this

point of time is to sell below 36000 for

the targets of 35000-34000, with stop

loss of 37500.

Page 5: By and Sell Free Commodity Trading Tips By Expert

C R U D E O I L

C O P P E R

S1 S2 S3 R1 R2 R3

3015 2870 2700 3340 3485 3650

S1 S2 S3 R1 R2 R3

362.85 352.75 343.80 375.60 385.80 395.80

T E C H N I C A L V I E W

MCX Copper last week showed

correction on higher side and gave

breakout of resistance level of 363 and

also gave closing above it. Now, if it

maintains above 375 then next

resistance will be seen around 385. On

the other hand if it sustain below 362

support level then it will again drag

towards support level of 350.

S T R A T E G Y Better strategy in MCX CRUDEOIL is to

sell below 3000 for the target of 2750,

with stop loss of 3350.

PIVOT TABLE

T E C H N I C A L V I E W

MCX Crude oil last week showed

sideways to bullish movement, took

important support of 3000 and not

able to sustain below it. Now, if it

sustain below 3000 then next

important support level is seen around

2720. On the other hand if it maintain

above 3340 then again it will lead

towards next resistance level of 3500.

S T R A T E G Y Better strategy in MCX COPPER is to buy

above 376, with stop loss of 360 for the

target of 385.

PIVOT TABLE

Page 6: By and Sell Free Commodity Trading Tips By Expert

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