Category Archives: Blog

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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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MCX Natural Gas Update

mcx natural gas update

MCX NATURAL GAS Currently trading at 225, down by 1.57% technically now MCX Natural gas february future is having resistance support t 226 and support at 224 if MCX natural Gas february prices sustain above 226 then it will move up to 230 on the other hand if prices trade below 224 then it will move down to 220.


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MCX Gold News Update

AS Per our crude operator research mumbai : MCX GOLD prices crawled higher on Monday on a weaker dollar and as uncertainty over U.S. Policy under president Donald Trump Stoked safe haven demand, although gains were curbed with many in asia on holiday for the lunar New Year

Trump’s administration on Sunday tempered a key element of his move to ban entry of refugees and people form seven muslim-majority countries in the face of mounting criticism and protests in major American cities.


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MCX Crude News Update

AS PER MCX CRUDE OIL OPERATOR CRUDE OIL UPDATE :

The Prices of mcx crude oil declined in the last session on the week. The prices of mcx crude oil declined by 0.54% mcx crude oil closed at Rs. 3609 , and down Rs. 20 The Prices of Mcx crude oil a high of Rs. 3696 as per lotand low of Rs. 3692 as per lot.

The Prices are in range of Rs. 3682 per barrel and a low of Rs. 3553 as per lot . bracking this range will bring fresh volatlity in the market that has been missing so far.


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MCX Copper News Update

AS PER MCX CRUDE OIL OPERATOR COPPER UPDATE :

The prices of copper for feb expiry were down 0.64% to end at Rs 404.30. The Prices of mcx copper tasted a high of Rs 405.10 and a low of Rs. 399.85 copper ended at Rs. 404.40 and down Rs. 2.5.

Moves above Rs. 409 will further appreciate mcx copper towards Rs. 414. On the lower side, mcx copper is supported at Rs. 401. on the lower side, copper is supported at Rs 400.50. copper formed a bearish pattern in the weekkly chars that will activate if Rs. 414.50 failed to be broken on a constant basis.


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MCX Commodity Update

MCX Gold ended little changed on Friday, after weaker-than-expected figures on U.S. fourth quarter growth dampened expectations for a faster rate of interest rate

hikes this year. The precious metal was 1.35% lower for the week, as the stronger U.S. dollar weighed.
The annual rate of economic growth slowed to 1.9% in the three months to December the Commerce Department reported Friday, slowing sharply from the
3.5% rate of growth seen in the third quarter.
The economy grew just 1.6% in 2016 as a whole, the slowest rate of growth since 2011.
The slowdown in growth prompted speculation that the Federal Reserve will avoid hiking interest rates too quickly.
Investors also remained cautious as they pondered the economic implications of President Donald Trump’s pledges of increased fiscal spending, tax cuts and
protectionism.
The dollar had been under heavy pressure since Donald Trump’s inauguration last Friday amid concerns over a lack of clarity on his economic policies and fears
that his protectionist trade stance could hit corporate profits and act as a drag on growth.
Elsewhere in precious metals trading, silver was at $17.16 a troy ounce late Friday and ended the week little changed.
Oil futures finished lower on Friday, logging a modest weekly loss, as investors turned their attention to rising production in the U.S. and away from OPEC and
other producers’ commitment to curbing global oversupply. For the week, New York-traded oil futures lost 5 cents, or about 0.1%.
Prices dropped to the lowest levels of the session after oilfield services provider Baker Hughes said late Friday that the number of rigs drilling for oil in the U.S.
increased by 15 last week, the 12th gain in 13 weeks.
U.S. oil production has been rising, with the International Energy Agency forecasting total U.S. output growth of 320,000 bpd in 2017 to an average of 12.8
million bpd.
Natural gas futures slipped 3.9 cents, or nearly 1.2%, to $3.358 per million British thermal units. It posted a weekly gain of around 0.3%.
LME copper futures edged down on Friday, pulling back from a two-month high as the dollar strengthened, with trading volumes lean as the week-long Lunar
New Year holiday kicked off in China.
Copper prices hovered near a 19-month high as the market awaited news of a potential strike at the world’s largest mine.
Copper’s rally was spurred by fears over potential disruption of supply from Indonesia and Chile.
In the week ahead, markets will be paying close attention to Friday’s U.S. nonfarm payrolls report for January as well as Wednesday’s policy statement by the
Fed. Investors will also be watching central bank meetings in Japan and the UK.


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Intraday Trading

  • You Always respect market do trade only with market direction.
  • You Never over trade many traders loose money by leveraging.
  • You Do not lose more than 3% of capital in single trade.
  • You Always put stop loss for your safety.
  • You Always watch trend for some time before doing trade.
  • You Don’t give ear to rumors.
  • You Always do little homework before doing trade and trade only in share and commodity  which you knows.
  • You Always book profit as well as loss.
  • You Majority days the trading range will range will below so do not wait for big return on single trading day.
  • Market trading is always right you are wrong.

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