Daily commodity News Latter

U.S. adds 173,000 jobs in August

as unemployment falls to seven

year low

2015

Capital Life

Market Research

9/10/2015

commodity News Latter

U.S. adds 173,000 jobs in August

as unemployment falls to seven-

2015

Capital Life

Market Research

/2015

commodity News Latter

Bullion:

Base Metals:

Energy:

Gold fell to a three-week low on Wednesday as stock markets

strengthened and the dollar firmed, though prices remained hemmed

into a narrow range ahead of next week's Federal Reserve meeting.

gold market will be closely watching the U.S. central bank's next policy

statement on Sept. 17 for clues on the timing of a U.S. interest rate rise.

Global shares surged on Wednesday, led by the biggest daily gains in

Japan for seven years, helping to lift the dollar and oil prices as the

prospect of more stimulus from China soothed investors rattled by

recent market turmoil.

Base metals may continue to trade on volatile path amid mixed

fundamentals. Copper may trade in range of 356

move in range of 113-115. Aluminum may move in range of 107

Zinc may move in range of 120-122. Nickel may move

680 in MCX. Copper futures closed slightly higher in London on

Wednesday, on hopes that the Chinese government will inject further

monetary stimulus into the economy of the largest consumer of this

metal. The London Metal Exchange's three

up 0.4% at $5,365 a metric ton at the PM kerb close, having hit a seven

week high earlier in the session at $5,434.50 a ton.

Crude oil may open in red tracking weak international markets as EIA

inventory data to give further direction to the prices. Overall it may

move in range of 2900-3100 in MCX. Oil futures dipped below $45 a

barrel on Wednesday, settling at the lowest level in nearly two weeks

after the Energy Information Administration lowered its crude

forecasts for this year and next. Prices also saw pre

weekly data that's expected to show a rise in U.S. crude supplies. In a

monthly report, the EIA said it expects WTI prices to average $49.23 a

barrel this year, down from a previous forecast of $49.62. It also reduced

its forecast to $53.57 for 2016, versus $54.42. For Brent, its 2015

forecast was at $54.07,

week low on Wednesday as stock markets

strengthened and the dollar firmed, though prices remained hemmed

into a narrow range ahead of next week's Federal Reserve meeting. The

gold market will be closely watching the U.S. central bank's next policy

statement on Sept. 17 for clues on the timing of a U.S. interest rate rise.

Global shares surged on Wednesday, led by the biggest daily gains in

lift the dollar and oil prices as the

prospect of more stimulus from China soothed investors rattled by

Base metals may continue to trade on volatile path amid mixed

fundamentals. Copper may trade in range of 356-370 while Lead may

115. Aluminum may move in range of 107 -109.

122. Nickel may move in range of 660-

680 in MCX. Copper futures closed slightly higher in London on

Wednesday, on hopes that the Chinese government will inject further

monetary stimulus into the economy of the largest consumer of this

metal. The London Metal Exchange's three-month copper contract was

up 0.4% at $5,365 a metric ton at the PM kerb close, having hit a seven-

week high earlier in the session at $5,434.50 a ton.

Crude oil may open in red tracking weak international markets as EIA

inventory data to give further direction to the prices. Overall it may

3100 in MCX. Oil futures dipped below $45 a

barrel on Wednesday, settling at the lowest level in nearly two weeks

after the Energy Information Administration lowered its crude-oil price

forecasts for this year and next. Prices also saw pressure ahead of

weekly data that's expected to show a rise in U.S. crude supplies. In a

monthly report, the EIA said it expects WTI prices to average $49.23 a

barrel this year, down from a previous forecast of $49.62. It also reduced

for 2016, versus $54.42. For Brent, its 2015

barrel this year, down from a previous forecast of $49.62. It also reduced

Technical

Out Look Gold

• Resistance: 26300 26450 26600• Support: 26000 25900 25750• Strategy: Sell On Rise

Silver

• Resistance: 35800, 36300,36900• Support: 35000, 34600,34000• Stratergy: Sell On Rise

Copper

• Resistance: 370, 374, 378• Support: 360, 357,355• Stratergy: Sell On Rise

Crude Oil

• Resistance: 2980, 3050, 3150• Support: 2900, 2860, 2800• Stratergy: Sell On Rise

Lead

• Resistance: 114, 114.70, 115.20• Support: 112.50, 111.40, 110.90• Stratergy: Buy On Dips

Zinc

• Resistance: 121.50, 122.50, 123.40• Support: 119.50, 118.50, 117.80 • Stratergy: Buy On Dips

International Market

Updates

Dow Jonse-16217

FTSE_100-6072

Hang_Seng-20640

Nikkei_225-17460

DAX_30-10109

CAC_40-4540

International Market

gold-

1120

Silver-

14.50

Copper-

2.334

Crude oil-

44.35

Natural Gas-

2.681

EURUSD

1.1217

USDCHF

0.9711

USDJPY

119.44

GBPUSD

1.5382

USDINR

EURUSD-

1.1217

USDCHF-

0.9711

USDJPY-

119.44

GBPUSD-

1.5382

USDINR-

66.87

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