Daily commodity News Latter

U.S. adds 173,000 jobs in August

as unemployment falls to seven

year low

2015

Capital Life

Market Research

9/14/2015

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 one-month low on Friday, heading for a third successive

weekly loss, as uncertainty over the timing of the U.S. Federal Reserve's

first interest rate increase in nearly a decade weighed on appetite for

the metal. Prices went down 2 percent t

weakest level since August 11 at $1,099.05 an ounce on Wednesday.

Traders are awaiting the Fed's next policy statement on Sept. 17 for

clues on the timing of a U.S. interest rate rise, before taking any big

positions in gold. The dollar edged up 0.1 percent against a basket of

currencies on Friday. Global stocks slipped into the red but remained on

track for their biggest weekly gain in eight as investors grappled with

the possibility of U.S. interest rates rising next week.

Copper traded sluggish on Friday on persistent fears of a hard landing in

top consumer China and a possible U.S. rate rise next week, but the

metal still set its biggest weekly gain since May thanks to output cut

announcements. Copper hit a seven

an announcement by commodities giant Glencore that

400,000 tonnes of output over the next 18 months. U.S.

became the first big miner to cut output last month. But weighing on

investor nerves again was China, Copper hit a seven

week, mostly due to an announcement by commodities giant Glencore

that it plans to cut 400,000 tonnes of output over

Crude oil may trade on negative zone in range of 2950

Crude futures fell 2 percent or more on Friday after influential Wall

Street trader Goldman Sachs cut its outlook on oil, but positive

sentiment from rebounding U.S. stock prices and less drilling for oil

helped the market pare losses. Global benchmarks for crude oil fell more

than 3 percent initially on the Goldman announcement, then pared

losses as stocks on Wall Street rebounded and news of a lower U.S. oil

rig count emerged. But toward the close, they headed lower again before

finishing off their lows.

month low on Friday, heading for a third successive

weekly loss, as uncertainty over the timing of the U.S. Federal Reserve's

first interest rate increase in nearly a decade weighed on appetite for

the metal. Prices went down 2 percent this week, and touched their

weakest level since August 11 at $1,099.05 an ounce on Wednesday.

Traders are awaiting the Fed's next policy statement on Sept. 17 for

clues on the timing of a U.S. interest rate rise, before taking any big

e dollar edged up 0.1 percent against a basket of

currencies on Friday. Global stocks slipped into the red but remained on

track for their biggest weekly gain in eight as investors grappled with

the possibility of U.S. interest rates rising next week.

Copper traded sluggish on Friday on persistent fears of a hard landing in

p consumer China and a possible U.S. rate rise next week, but the

metal still set its biggest weekly gain since May thanks to output cut

announcements. Copper hit a seven-week high this week, mostly due to

an announcement by commodities giant Glencore that it plans to cut

400,000 tonnes of output over the next 18 months. U.S.-listed Freeport

became the first big miner to cut output last month. But weighing on

Copper hit a seven-week high this

week, mostly due to an announcement by commodities giant Glencore

that it plans to cut 400,000 tonnes of output over the next 18 months.

Crude oil may trade on negative zone in range of 2950-3070 in MCX.

Crude futures fell 2 percent or more on Friday after influential Wall

ut its outlook on oil, but positive

sentiment from rebounding U.S. stock prices and less drilling for oil

helped the market pare losses. Global benchmarks for crude oil fell more

than 3 percent initially on the Goldman announcement, then pared

ocks on Wall Street rebounded and news of a lower U.S. oil

rig count emerged. But toward the close, they headed lower again before

currencies on Friday. Global stocks slipped into the red but remained on

Copper traded sluggish on Friday on persistent fears of a hard landing in

helped the market pare losses. Global benchmarks for crude oil fell more

rig count emerged. But toward the close, they headed lower again before

Technical

Out Look Gold

• Resistance: 26150 26300 26450• 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: 113.50, 114, 115.20• Support: 112, 111, 110.00• 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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