TODAY COMMODITY MARKET STRATEGY & LEVELS UPDATES 18 JULY 2017.


Opens on positive Note Gold -28150-28170 Silver -37475-37480 

Energy - Opens on mixed Note Crude Oil -2966-2970 Natural Gas -195-195.50

Base Metals - Opens on mixed Note Copper -388.70-388.90 Nickel -619-619.30 Lead -146.70-146.50 Zinc - 181-181.10 Aluminium -122.30-122.45

COMMODITY TIPS PROVIDER 


Precious metals are trading higher on COMEX today. We expect prices to trade higher for the day as the dollar hovered near multi-month lows on fading prospects for further U.S. rate hikes this year.

Industrial metals are trading higher on International bourses today. We expect prices to trade higher for the day, extending gains in the wake of strong Chinese economic data that boosted the outlook for metals demand.

Crude oil is trading higher on NYMEX today. We expect prices to trade higher for the day, supported by strong consumption but weighed by ongoing high supplies from producer club OPEC and also the United States.

0 comments:

Subscribe to: Post Comments (Atom)