By and Sell Free Commodity Trading Tips By Expert
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Transcript of 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
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.
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%
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.
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
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