Daily Commodity Market News & Levels-12 September 2016:HIGHLIGHTES: 1. Brent, NYMEX fall in Asia as output freeze outlook ebbs; U.S. rigs weigh. 2. Gold prices weaker in Asia as statements, data parsed on Fed rate views. 3. LME Copper to See Range-Bound Trading.SELL MCX CRUDE OIL SEPTEMBER AROUND 3050 LEVELS FOR TARGET OF T1 2950/T2 2900 WITH SL OF 3150 LEVELS.
Daily Commodity Market News & Levels-7 September 2016: LME Copper to Rise Slightly.Brent, NYMEX up in Asia as output freeze effort drives sentiment.Gold prices flat in Asia on profit taking as Fed rate hike views dip.CS GOLD (OCTOBER) OVERVIEW: TREND : BULLISH RESIST 2: 31670 RESIST 1: 31570.BUY MCX CRUDE OIL SEPTEMBER AROUND 3000 LEVELS FOR TARGET OF T1 3100/T2 3150 WITH SL OF 2900 LEVELS.
Mcx crude tips & updates : Prices of Crude Oil prices locked high in the domestic market on yesterday after US(United States) consumer confidence improved unexpectedly in September month, boosting optimism over the health of the economy and supporting the case for a US interest rate hike this year which raised the demand for the fuel.
Spot gold prices traded negative last week although data showed the U.S. labor market was weaker in June than expected, indicating that the Federal Reserve may hold off from raising interest rates in September. The market was also following developments in the Greek debt crisis, which has so far failed to trigger strong retail demand for the metal, which is often perceived as a safe-haven asset. Read more here- http://www.pinnaclefinancial.in/blog/mcx-gold-tips-trend-today-eurozone/