Dailly commodity news latter 15 sep 2015

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  • Daily commodity News Latter

    U.S. adds 173,000 jobs in August

    as unemployment falls to seven

    year low

    2015

    Capital Life

    Market Research

    9/15/2015

    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 settled up 0.4% at 26070 marginally gained as investors await the

    decision of the Fed on interest rate hikes, with many speculating an

    immediate hike by the Fed at the conclusion of its policy meet on

    Thursday. The Fed will announce its policy decision Thursday afternoon,

    with market divided whether the central bank will raise interest rates. If

    a hike is indicated, then it would be the first since 2006. The uncertainty

    of a rate continues to roil markets after some mixed economic data in

    the last few weeks. Technically market is getting support at 25981 and

    below same could see a test of 25891 level, and resistance is now likely

    to be seen at 26143, a move above could see prices testing 26215.

    Base metals may continue to move in range as US retail sales data to give

    further direction to the prices. Copper may trade in range of 355

    while Lead may move in range of 110

    range of 106 -108. Zinc may move in range of 115

    in range of 650-670 in MCX. Copper prices slid on Monday along with

    Chinese equities as economic data from China reinforced worries about

    demand growth in the world's top consumer of industrial metals.

    Copper prices slid on Monday along with Chinese equities as economic

    data from China reinforced worries about demand growth in the world's

    top consumer of industrial metals.

    Crude oil may trade in range of 2870

    their lowest level in more than two weeks on Monday as data showing

    weaker-than-expected industrial production in China and a decline for

    Shanghai's stock market raised concerns that demand for crude from

    the world's second-largest consumer will weaken. The U.S. Federal Open

    Market Committee meeting on Sept. 16

    theme for financial markets this week and any fluctuations in the dollar

    will also affect oil prices. A strengthening of the U.S. dollar has generally

    been bearish for oil prices. However, market expectations of a U.S.

    interest-rate increase this week have been tempered b

    turmoil in global markets and worries over economic growth.

    Gold settled up 0.4% at 26070 marginally gained as investors await the

    decision of the Fed on interest rate hikes, with many speculating an

    immediate hike by the Fed at the conclusion of its policy meet on

    Thursday. The Fed will announce its policy decision Thursday afternoon,

    with market divided whether the central bank will raise interest rates. If

    a hike is indicated, then it would be the first since 2006. The uncertainty

    ts after some mixed economic data in

    ally market is getting support at 25981 and

    below same could see a test of 25891 level, and resistance is now likely

    to be seen at 26143, a move above could see prices testing 26215.

    Base metals may continue to move in range as US retail sales data to give

    . Copper may trade in range of 355-367

    while Lead may move in range of 110-114. Aluminum may move in

    108. Zinc may move in range of 115-117. Nickel may move

    670 in MCX. Copper prices slid on Monday along with

    as economic data from China reinforced worries about

    demand growth in the world's top consumer of industrial metals.

    Copper prices slid on Monday along with Chinese equities as economic

    data from China reinforced worries about demand growth in the world's

    Crude oil may trade in range of 2870-2980 in MCX. Oil futures settled at

    their lowest level in more than two weeks on Monday as data showing

    expected industrial production in China and a decline for

    Shanghai's stock market raised concerns that demand for crude from

    largest consumer will weaken. The U.S. Federal Open

    Market Committee meeting on Sept. 16-17 is expected to be the main

    theme for financial markets this week and any fluctuations in the dollar

    A strengthening of the U.S. dollar has generally

    been bearish for oil prices. However, market expectations of a U.S.

    rate increase this week have been tempered by the recent

    turmoil in global markets and worries over economic growth.

    Thursday. The Fed will announce its policy decision Thursday afternoon,

    with market divided whether the central bank will raise interest rates. If

    Base metals may continue to move in range as US retail sales data to give

    117. Nickel may move

    data from China reinforced worries about demand growth in the world's

    largest consumer will weaken. The U.S. Federal Open

  • 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: 112.50, 113, 114.20 Support: 111, 110, 100.00 Stratergy: Buy On Dips

    Zinc

    Resistance: 117.50, 118.50, 119.40 Support: 115.50, 114.50, 113.80 Stratergy: Buy On Dips

  • International Market

    Updates

    Dow Jonse-16403

    FTSE_100-6097

    Hang_Seng-21515

    Nikkei_225-18003

    DAX_30-10154

    CAC_40-4534

    International Market

    gold-

    1107

    Silver-

    14.40

    Copper-

    2.4154

    Crude oil-

    44.23

    Natural Gas-

    2.752

    EURUSD

    1.1312

    USDCHF

    USDJPY

    120.07

    GBPUSD

    1.5428

    USDINR

    EURUSD-

    1.1312

    USDCHF-

    0.681

    USDJPY-

    120.07

    GBPUSD-

    1.5428

    USDINR-

    66.65

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