HERE ARE A FEW COMMODITY STRATEGIES BY CAPITAL WAYS FINANCIAL SERVICES UPDATE 07 JULY 2017.



 Opens on negative Note Gold - 28045-28040 Silver - 37270-37240 
 Energy - Opens on mixed Note Crude Oil - 2925-2918 Natural Gas -187.70-187.50 
 Base Metals - Opens on negative Note Copper -382-381.50 Nickel -288-286 Lead -147.40-147.50      Zinc - 180-179.80 Aluminium -125-125.20

COMMODITY MARKET TIPS
 
Copper traded choppy as traders reacted to surge in LME stocks while threat of strike at two Chilean mines has prevented significant downside on stockpiling. While LME inventories are climbing, traders are shrugging this off and they continue to bet on copper extending its recent rally.

Nickel came under pressure after new environment minister lifted restriction on issuing environmental permits to projects, including mine exploration and development, reversing previous order by his controversial predecessor dismissed in May.  

Crude oil is expected to open lower and aupportive inventory data failed to lift prices. EIA data showed that oil inventories fell by 6.3 million barrels while gasoline stocks fell by 3.6 million. Gasoline demand inched up to 9.70 mbpd from 9.53 mbpd week ago. Crude oil production rose back as operators restarted after Tropical Storm Cindy but overall US production has been stuck around 9.3 mbpd for past five weeks.

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