Category Archives: Blog

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MCX Gold News Update

As per MCX www.crudeoperator.com intraday research Mumbai base company report for : mcx gold held firm on wenesday after hitting a one week high in the previous session , as trader awaited a decision on interest rate by the U.S.Fedral reserv, which is repected to keep policy on hold.

The U.S.Federal Reserve Is expected to keep interest rates unchanged to wednesday in its first policy decision since president donald trump took office , as the central bank awaits greater clarity on his economic policies.


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MCX Copper News Update

As per MCX www.crudeoperator.com intraday research Mumbai base company report for : mcx copper trading between small gain and losser in light trade on wenesday following hefty overnight gains, with selling held in check on concerns over a strike looming at the word;s biggest mcx copper mine.

The strike is due to begin in about 48 hours bt the worker’s union, which represents about 2500 laborers, said the company will likely request government meditation on attempt a resolution, which would delay any strike action for about another week.


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MCX HNI Lead news Update

As per MCX www.crudeoperator.com intraday research Mumbai base company report for : mcx lead currently trading at 160 up by 0.26% technically now lead januarty future is having good resistance at 161.20 and above 159.10 if lead januarty prices sustatin above 161.20 then it will move up to 162.40 on the other hand if prices traded below 159 then it will move down 159.70


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Mcx HNI Natural Gas news Update

As per MCX www.crudeoperator.com intraday research Mumbai base company report for : positive spell on the price charts of natural gas has broken last month, where prices witnessed severe fall of nearly 14 percent. Prices advanced initially to monthly average but were not able to sustain there and finally gave up as month progressed. Moving ahead, prices are likely to find strong
support at Rs.212/mmbtu but would face heat on higher levels and find hurdle near Rs.230/mmbtu
initially and further at Rs.240/mmbtu mark as major hurdle. On the trend side, if prices breach the
above mentioned support mark, they may test Rs.200-194/mmbtu price band as next resting point for
the coming month. Momentum indicator MACD is favoring bearish bets and considering the price
behavior, rallies could be used to initiate short trades.


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hni mcx crude oil tips

As per MCX www.crudeoperator.com intraday research Mumbai base company report for : mcx crude oil prices traded in sideways zone after marching upwards in last couple of months. The range has
become thin as volatility was choked after decent advance and prices are unable to cross above upside
hurdle zone near Rs.3670-3710/bbl levels. Furthermore, prices are hovering within Bollinger band,
which shows ongoing tussle between demand and supply, but not leading to any conclusion. For the
momentum, prices need to break lower support band of Rs.3470/bbl levels which could attract selling
and drag the prices lower towards Rs.3300-3270/bbl levels. On the contrary, a breakout above
Rs.3710/bbl levels could trigger the momentum towards upside and find next resting zone at Rs.3950/
bbl mark. As a strategy, trade within the given range and watch for breakout to get the directional
move


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MCX HNI Silver News Update

As per MCX www.crudeoperator.com mumbai intraday research base company MCX Silver regained its charm and marked a green monthly bar after and after a series of red bars. Prices gained nearly 8 percent while creating a staircase of higher highs. For next month, the structure is looking promising for upside while momentum indicator signal has entered in to active zone in mcx silver.

Level wise, the counter can surge higher towards Rs.43500-43600/as per lot zone whereas
Rs.40400/as per lot could become a key base to support the prospective rally. As a trading idea,
traders can buy mcx silver near Rs. 41200-41000/as per lot with stop loss of Rs.40300/as per lot for the tgt
price of Rs.43500/ as per lot.


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MCX Copper News Update

MCx Copper News prices gained on tuesday as traders awaited the outcome of a union vote at the escondida mine in chile that could result in some short term supply disruption. The latest reports from the escondida mine, majority owned by BHP billiton LTD, suggest workers will reject their latest pay offer in a vote concluding tuesday.

Under chilean law, if workers reject the offer they may hold mediated negotiations with management for five days before beginning a strike.


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MCX Gold News Update

AS Per our crude operator research mumbai : MCX GOLD prices hit highest in about a week on yesterday , buoyed by self-haven demand after american president trump rattled global market with his tough stance on immigration.

A weaker USA doller also support bullion, while traders were turning their attention to a two -day meeting of the american federal reserve starting later in the day for clues on the outlook for U.S> Interest rates.


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MCX Metals & Energy

Gold prices registered first weekly drop of 2017
Oil under pressure as rising U.S. drilling activity weighed
Copper fell retreats as optimism fades over Trump’s growth policies
Gold steadied on Monday as political uncertainty created by U.S. President Donald Trump’s move to ban people from seven Muslim Majority
countries, and by elections in Europe, supported prices. Traders reported subdued activity because of the Lunar New Year holiday in
many Asian countries and some nervousness before the Federal Reserve’s two-day meeting on monetary policy starting on Tuesday. The
immigration ban added to risk-off sentiment and boosted gold earlier. There is also political risk coming up in the form of elections in France and
the Netherlands. Trump’s administration tempered a key element of his immigration ban, but the move reinforced growing worries about
investing in the United States. The Fed raised interest rates in December and at that time signaled as many as three rises in 2017 as the Trump
administration takes over with promises to boost growth through tax cuts, spending and deregulation. Higher rates could mean a higher U.S.
currency, which makes dollar-denominated gold more expensive for holders of other currencies, potentially dampening demand. A negative for
gold could be speculators cutting their net long positions in the futures market, after two straight weeks of increases, according to data from the
CFTC, which also showed they raised their silver holdings to the highest since early November.
Oil prices were lower during North American morning hours on Monday, kicking the week off on negative footing as prospects of rising U.S.
production weighed on the market. Oilfield services provider Baker Hughes said late Friday that the number of rigs drilling for oil in the U.S.
increased by 15 last weeks, the 12th gain in 13 weeks. That brought the total count to 566, the most since November 2015. The data raised
concerns that the ongoing rebound in U.S. shale production could derail efforts by other major producers to rebalance global oil supply and
demand. Futures have been trading in a narrow range around the low-to-mid $50s over the past month as sentiment in oil markets has been torn
between expectations of a rebound in U.S. shale production and hopes that oversupply may be curbed by output cuts announced by major global
producers. OPEC and non-OPEC countries have made a strong start to lowering their oil output under the first such pact in more than a decade as
global producers look to reduce oversupply and support prices. January 1 marked the official start of the deal agreed by OPEC and non-OPEC
member countries such as Russia in November last year to reduce output by almost 1.8 million barrels per day to 32.5 million for the next six
months. The deal, if carried out as planned, should reduce global supply by about 2%.
Copper fell more than a percent on Monday, retreating further from last week’s two-month high as optimism over U.S. President Donald
Trump’s capacity to drive economic growth faded and the dollar strengthened. Wall Street and European stocks also fell more than 1 percent as
immigration curbs put the spotlight back on the risks of Trump’s protectionist bent, spooking investors. For aluminium and copper, supply risks
have moved back into focus, he added, though a lot of good news is already priced in. If we didn’t have this supply news going on, it seems prices
would have come down rather quickly. Moves in metals were muted in Asian trade as China’s week-long Lunar New Year holiday drained the
markets of liquidity and direction. In supply news, Indonesia’s mining minister said the country may issue a temporary mining permit to the local
unit of Freeport McMoRan Inc, paving the way for the mining giant to resume exports of copper concentrate from its Grasberg mine in Papua.
Hedge funds and money managers added to their net long positions in copper futures and options in the week to Jan. 24, data from the U.S.
Commodity Futures Trading Commission showed.


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MCX Copper News Update

MCX COPPER traded little changed below recent eight-week peaks on Money as China;s week-Lon lunar New year holiday drained the market of liquidity and direction.

Hedge funds and money managers added to their net long position in copper futures and options in the latest week, data from the U.S. Commodity future trading commision showed.


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