U.S. Oil Extends Gains to Hold Near Three-Week High | Today Commodity Market Outlook 27 FEB 2018.


Bullion - Opens on positive Note Gold -30550-30560 Silver -38500-38550 

Energy - Opens on mixed Note Crude Oil - 4140-4145 Natural Gas -175.10-175.30 

Base Metals - Opens on mixed Note Copper -457.70-458 Nickel -895-897 Lead -167.30-167.50 Zinc - 230.50-230 Aluminium -139.90-140



Precious metals prices rose on Monday as a softer U.S. dollar helped the metal rebound from its biggest weekly loss this year, but moves were muted before the debut congressional testimony by U.S. Federal Reserve Chair Jerome Powell later this week.


Industrial metals are trading mix on International bourses today. We expect prices to trade range bound for the day, lifted in light trade by a weaker dollar ahead of Federal Reserve Chairman Jerome Powell's highlyanticipated first congressional testimony later in the day.


Crude oil is trading lower on NYMEX today. We expect prices to trade range bound for the day, supported by signs of stronger demand, robust production curbs led by OPEC and a slight fall in U.S. output.


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Oil Hits Two-Week High | Today Commodity Market Outlook Report 26 FEB 2018.


Commodity Opening Bell 

Bullion - Opens on positive Note Gold -30550-30560 Silver -38500-38550

Energy - Opens on positive Note Crude Oil - 4130-4135 Natural Gas -176.10-176.30

Base Metals - Opens on positive Note Copper -460-461 Nickel -890.80-891 Lead -165.80-165 Zinc - 229-230 Aluminium -141-50-140


Precious metals rose on Thursday, snapping four sessions of losses as the U.S. dollar surrendered early gains, though the metal remained lower for the week to date and analysts said they expected trading to be range bound.

Industrial metal nickel and zinc hit their lowest levels in over a week on Thursday as Chinese investors sold metals as their markets opened after holidays and steel prices dropped.

Crude oil is trading flat on NYMEX today. We expect prices to trade range bound for the day, supported by lower U.S. crude inventories, but gains were capped by a surge in U.S. exports that dragged net imports in the world's biggest fuel consumer to a record low.

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Today Commodity Market News & Levels Outlook 22 FEB 2018.



Bullion - Opens on negative Note Gold -30450-30460 Silver -38300-38350 

Energy - Opens on negative Note Crude Oil - 3980-3990 Natural Gas -172.30-172.60

Base Metals - Opens on negative Note Copper -455-455.30 Nickel -878-880 Lead -163-164 Zinc - 227-228 Aluminium -141-50-141.55





Precious Metals traded flat and is expected to open lower, weighed down as minutes from last U.S. Federal Reserve meeting showed policymakers confident in the need to keep raising interest rates, with most believing that inflation would perk up. The minutes showed that both voting members and the wider group of policymakers had upgraded their forecasts for the economic outlook since December.


Base metals were under pressure and are likely to trade with a negative bias amidst a rally in dollar index after statements from the Fed Minutes. Investors moved into the safety of the dollar before the release of the minutes from the U.S. Fed Reserve’s recent policy meeting.


Crude oil prices are under pressure as a firmer dollar outweighed a report of a decrease in U.S. crude inventories. Dollar extended its recovery from last week, as minutes of Federal Reserve's January meeting showed policymakers confident in need to keep raising interest rates.

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Today Commodity Market News & Levels Outlook 16 FEB 2018.



Bullion - Opens on positive Note Gold -30680-36650 Silver -38620-38640 

Energy - Opens on positive Note Crude Oil - 3935-3939 Natural Gas -165.50-165 

Base Metals - Opens on positive Note Copper -458.10-458.30 Nickel -901-902 Lead -167.80-167.70 Zinc - 229.90-230 Aluminium -137-137.80


MCX Gold price has moved above the horizontal line which it was earlier finding resistance. On the lower end price found support at the 21 EMA on the daily chart and moved up smartly.
MCX Silver has reached to the upper side of the falling price where it found initial resistance. A decisive breakout above the falling wedge may trigger an upward rally in Silver price.
Price has moved up smartly during the last session and reached the upper side of the “Symmetrical Triangle” where it found resistance. On the lower end 200 DEMA has acted as support.
Price has moved up smartly during the last session and reached the upper side of the “Rising Wedge” where found resistance. Breakout above the rising wedge may induce more upsides till then Nickel may face selling pressure on rise.

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Gold Holds Steady Near 2-1/2-Week High As Dollar Dips | Today Commodity Market News 15 FEB 2018.


Bullion - Opens on positive Note Gold -30640-36650 Silver -38750-38700 

Energy - Opens on positive Note Crude Oil - 3850-3900 Natural Gas -167.50-168 

Base Metals - Opens on mixed Note Copper -458.10-458.30 Nickel -901-902 Lead -165.80-165.70 Zinc - 228.90-229 Aluminium -139-140



Precious metals are inching higher today with gold near 2 week highs as the dollar weakened post US inflation data yesterday. The core Consumer Price Index posted its largest gain in a year, rising 0.3% m/m and 1.8% y/y.


Base metals rallied yesterday, with Copper bouncing hard from two month lows, helped by weaker dollar tracking broad recovery in global equities. Nickel hit its highest in 2.5 years as weaker dollar made metals cheaper for holders of other currencies. Nickel last month broke free of long-term downtrend since 2011 peaks.


Crude oil traded higher with support coming from weaker dollar and comments from Saudi Arabia. Saudi tried to verbally support oil prices by indicating that it is willing to see undersupplied market. Inventory data provided some support as it reported smaller than expected builds of 1.8 million. US production edged higher to 10.27 mbpd. 

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Today Commodity Market News & Levels Update 14 FEB 2018.



Bullion - Opens on positive Note Gold -30250-30300 Silver -38250-38300 

Energy - Opens on negative Note Crude Oil - 3795-3800 Natural Gas -167.50-168 

Base Metals - Opens on mixed Note Copper -447.50-448 Nickel -863-464 Lead -164.30-164.50 Zinc - 223.25-223.50 Aluminium -137-137.20




Precious metals are trading higher on COMEX today. We expect prices to trade higher for the day, buoyed by a weaker dollar, while investors awaited U.S. inflation data for clues on the pace of future U.S. interest rate increases.


Industrial metals are trading higher on International bourses today. We expect prices to trade higher for the day as traders took up new positions in the metal before the Shanghai Futures Exchange (ShFE) closes for a weeklong holiday.


Crude oil is trading flat on NYMEX today. We expect prices to trade range bound for the day, supported by healthy economic growth and expectations that a weaker dollar could spur fuel demand.


Base metals miner Central Asia Metals (CAML) is on the hunt for a new copper project in Southern Africa for up to $400 million in what would be its first foray into the continent, its chief executive said.

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Today Commodity Market News & Levels Update 12 FEB 2018.


Bullion - Opens on positive Note Gold -30120-30140 Silver -37900-37930 

Energy - Opens on positive Note Crude Oil - 3820-3830 Natural Gas -167.50-168 

Base Metals - Opens on positive Note Copper -436.50-436.85 Nickel -840-842 Lead -163.70-163.80 Zinc - 219.60-219.80 Aluminium -136.90-137


Precious metals are inching higher today after a tumultuous week as the dollar weakened slightly ahead of US inflation data due this week. The uptick in wages last month raised concerns about rising inflation and therefore the inflation data out this week will be very closely watched. Any uptick in inflation will lead to further jump in bond yields. US 10 yr.


Base metals are seen holding some ground today after a brief sell off the last week. LME copper climbed away from its lowest in nearly two months, as the dollar dropped and traders closed out positions ahead of the Lunar New Year holiday that starts this week. U.S.


Crude oil prices are slightly higher at the open but may remain under pressure after a huge selloff last week where WTI prices fell nearly 10%. The number of oil rigs in the US rose by 26 last week and are now at the highest levels since April 2015. 


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Oil Falls For Sixth Day As Supply Fears Mount | Today Commodity Market Outlook 09 Feb 2018.



Bullion - Opens on negative Note Gold -30030-30050 Silver -37900-37930 

Energy - Opens on negative Note Crude Oil - 39-3920 Natural Gas -174.30-174 

Base Metals - Opens on negative Note Copper -436.50-436.85 Nickel -840-842 Lead -162.70-162.80 Zinc - 219.60-219.80 Aluminium -139.40-139.60


Precious metals prices were flat on Thursday, slumping early on concern about rising U.S. bond yields and global interest rates, but buyers emerged to lift bullion when it hit a technical support level at about $1,312 an ounce.


Precious metals are trading flat on COMEX today. We expect prices to trade range bound for the day as tumbling equities markets pushed investors into safe-haven assets, but a firmer dollar and worries about rising global interest rates kept gains in check.


Industrial metals are trading lower on International bourses today. We expect prices to trade range bound for the day, extending into a third day the recent declines triggered by the rout in global equity markets and another big rise in inventories on Thursday.


Crude oil is trading lower on NYMEX today. We expect prices to trade range bound to lower for the day, after Iran announced plans to boost production and U.S. crude output hit record highs, adding to concerns about a sharp rise in global supplies.

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TODAY COMMODITY MARKET NEWS AND LEVELS OUTLOOK REPORT 08 FEB 2018.


Commodity Opening Bell 


Bullion - Opens on negative Note Gold -29850-29900 Silver -37625-37650

Energy - Opens on mixed Note Crude Oil - 3960-3965 Natural Gas -174.30-175

Base Metals - Opens on mixed Note Copper -441.50-442 Nickel -844-845 Lead -163.10-163.30 Zinc - 219.60-219.80 Aluminium -139.40-139.60





Precious metals are trading flat after a selloff yesterday as the dollar climbed sharply. US Congress reached a two-year budget deal to raise government spending by almost $300 billion. This would ward-off government shutdown concerns and help the dollar. However, increasing the funding would take the US budget deficit in excess of $1.1 trillion and weigh on bond prices. US 10 yr. 


Base metals traded negative with copper falling by over 3% and other base metals turning lower as stock markets resumed this week's volatile trading while concerns that fundamentals do not justify current price levels also weighed on the red metal.


Crude oil prices are under pressure after a sharp selloff yesterday as US production climbed sharply last week. EIA data showed that average daily production last week was 10.25 mbpd, the highest since 1970. 
 


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Oil Prices Sink More Than 1% Amid Global Market Plunge | Today Commodity Market Outlook 06 FEB 2018.




Bullion - Opens on positive Note Gold -30600-30620 Silver -38900-39100 

Energy - Opens on mixed Note Crude Oil -4085-4090 Natural Gas -179-179.50 

Base Metals - Opens on negative Note Copper -453-455 Nickel -860-865 Lead -169.20-169.50 Zinc - 226-227 Aluminium -140.60-140.70

COMMODITY MARKET NEWS

MCX Gold price has been in a uptrend for on the four hourly chart. Price has sustained above 200 DEMA which suggests positive trend. However, in the last session price has remained mostly sideward.

MCX Silver has given a breakdown of the a rising channel on the daily chart which signifies the reversal of the previous trend. Moreover, price has slipped below 21 EMA which again suggests growing pessimism in the contract.

On the daily chart of MCX Copper price has given a falling trendline breakout which is a bullish condition. On the daily chart price has given a falling trendline breakout which is a bullish set up. 

On the hourly chart price has made an lower top which suggests diminishing optimism in the crude oil. In addition, price slipped below the 200 DEMA on the hourly chart which suggests a short term bearish trend.

MCX Natural Gas price has given a breakdown of a rising expanding wedge which suggests bearish reversal.

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Oil Rises As OPEC Compliance Eclipses Boom in US Output | Today Commodity Market News 02 FEB 2018.


Bullion - Opens on positive Note Gold -30600-30620 Silver -39500-39450 

Energy - Opens on positive Note Crude Oil -42.30-4240 Natural Gas -185.20-185.50 

Base Metals - Opens on mixed Note Copper -456.10-456.30 Nickel -889-890 Lead -171.20-171.50 Zinc - 228.50-228.90 Aluminium -142.40-142.50



Precious metals are trading flat on COMEX today. We expect prices to trade higher for the day, ahead of U.S. jobs data later in the day, with traders looking for any implications for the outlook for U.S. monetary policy over the rest of the year.

Industrial metals are trading mix on International bourses today. We expect prices to trade range bound to higher for the day, ahead of the U.S. jobs data later in the day

Crude oil is trading higher on NYMEX today. We expect prices to trade higher for the day, after a survey showed strong compliance with output cuts by OPEC and others including Russia, offsetting concerns about surging U.S. production.

Holdings of the largest silverbacked exchange-traded-fund (ETF), New York's iShares Silver Trust SLV, stood at 9736.88 tonnes, remain unchanged from previous business day

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