Dailly commodity news latter 27 oct 2015

6
Daily comm In the week ending Septem 12, the advance figure for seasonally adjusted initial was 264,000, a decrease o 11,000 from the previous w 201 Capita Marke 10/27/ modity News La mber l claims of week's 15 al Life et Research /2015 atter

Transcript of Dailly commodity news latter 27 oct 2015

Page 1: Dailly commodity news latter 27 oct 2015

Daily commodity News Latter

In the week ending September

12, the advance figure for

seasonally adjusted initial claims

was 264,000, a decrease of 11,000 from the previous week's

2015

Capital Life

Market Research

10/27/2015

commodity News Latter

In the week ending September

12, the advance figure for

seasonally adjusted initial claims

a decrease of 11,000 from the previous week's

2015

Capital Life

Market Research

10/27/2015

commodity News Latter

Page 2: Dailly commodity news latter 27 oct 2015

Bullion:

Base Metals:

Energy:

Bullion counter may continue to trade with sideways bias as US durable

goods order data and outcome of FOMC meeting tomorrow to give

further direction to the prices. Meanwhile movement of local currency

rupee can affect the prices in MCX. Gold can move in range of 26700

27000 and Silver can move in range of 36500

on track for its second-best month this year,

Copper prices slipped back from session highs on Monday as doubts

emerged about demand from top consumer China where the central

bank last week cut interest rates, but sentiment was supported by a

weaker dollar. The Federal Reserve meeting this week is wid

expected to keep rates steady, a factor behind recent dollar losses.

However, a major negative for industrial metals is highlighted by a

survey from Citi showing expectations of falling capital expenditure on

mining equipment. The Federal Reserve meeting this week is widely

expected to keep rates steady, a factor behind recent dollar losses.

Crude prices edged lower on Monday, staying under pressure after two

straight weeks of losses, on worries that the oversupply in oil products

could swell from unseasonably warm weather and the waning

maintenance cycle for U.S. refineries. Influential Wall Street trading

house Goldman Sachs warned of downside risk for oil prices through

spring 2016 as U.S. and European storage utilization for distillates,

which include diesel, neared historic highs.

o trade with sideways bias as US durable

goods order data and outcome of FOMC meeting tomorrow to give

further direction to the prices. Meanwhile movement of local currency

rupee can affect the prices in MCX. Gold can move in range of 26700-

r can move in range of 36500-37400 in MCX. With gold

best month this year,

Copper prices slipped back from session highs on Monday as doubts

emerged about demand from top consumer China where the central

bank last week cut interest rates, but sentiment was supported by a

weaker dollar. The Federal Reserve meeting this week is widely

expected to keep rates steady, a factor behind recent dollar losses.

However, a major negative for industrial metals is highlighted by a

survey from Citi showing expectations of falling capital expenditure on

The Federal Reserve meeting this week is widely

expected to keep rates steady, a factor behind recent dollar losses.

Crude prices edged lower on Monday, staying under pressure after two

ies that the oversupply in oil products

could swell from unseasonably warm weather and the waning

maintenance cycle for U.S. refineries. Influential Wall Street trading

house Goldman Sachs warned of downside risk for oil prices through

and European storage utilization for distillates,

which include diesel, neared historic highs.

Crude prices edged lower on Monday, staying under pressure after two

ies that the oversupply in oil products

could swell from unseasonably warm weather and the waning

maintenance cycle for U.S. refineries. Influential Wall Street trading

house Goldman Sachs warned of downside risk for oil prices through

and European storage utilization for distillates,

Page 3: Dailly commodity news latter 27 oct 2015

Technical

Out Look Gold

• Resistance: 26980 27150,27450• Support: 26450 26150 25950• Strategy: Buy On Dips

Silver

• Resistance: 38000, 38500,39700• Support: 37050, 36550,36050• Stratergy: Buy On Dips

Copper

• Resistance: 345, 350, 358• Support: 335, 330,320• Stratergy: Sell On Rise

Crude Oil

• Resistance: 2900, 2950,3030• Support: 2800, 2750, 2700• Stratergy: Sell On Rise

Lead

• Resistance: 113.70, 114.70, 115.70• Support: 111.70, 110.70, 109.70• Stratergy: Buy On Dips

Zinc

• Resistance: 113.50, 114.50, 116.40• Support: 111.50, 110.50, 109.80 • Stratergy: Buy On Dips

Page 4: Dailly commodity news latter 27 oct 2015

International Market

Updates

Dow Jonse-16727

FTSE_100-6280

Hang_Seng-22155

Nikkei_225-18371

DAX_30-9931.5

CAC_40-4675

International Market

gold-

1150

Silver-

15.94

Copper-

2.445

Crude oil-

49.59

Natural Gas-

2.445

EURUSD

1.1262

USDCHF

0.9660

USDJPY

120.05

GBPUSD

1.5244

USDINR

65.4850

EURUSD-

1.1262

USDCHF-

0.9660

USDJPY-

120.05

GBPUSD-

1.5244

USDINR-

65.4850

Page 5: Dailly commodity news latter 27 oct 2015
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