Ripples advisory commodity daily report 31may2018

Page 1

BULLIONS WEEKLY TECHNICAL LEVELS Daily Commodity News letter 31 MAY 2018 Tracking Market

MAY 31 2018

Commodity News Close

AbsChange

GOLD

31188

-153

SILVER

39979

65

CRUDE OIL

4527

87

NATURAL GAS

197.10

-1.2

COPPER

460.70

1.85

NICKEL

1004.80

9

LEAD

164.80

-30.

ZINC

209.25

3.05

ALUMINIUM

153.80

-95

$ / Re.

67.41

-0.46

Light Sweet Crude Oil

68.23

1.36

Gold $ / OZ-

1300.70

2.4

Silver $ / OZ-

16.52

0.15

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Energy Oil prices dip on unexpected growth in U.S. crude stocks Oil prices dropped on Thursday, weighed down by a surprise rise in U.S. crude inventories Bullions Gold prices edge higher as the dollar slips Gold prices edged up early on Thursday, as the dollar eased from 6-1/2 month Currency Euro wins reprieve as Italy seeks to calm political turmoil The euro won a reprieve on Thursday, holding on to its big gains made the previous day Base Metals Peru's Buenaventura seeks deal with Southern on copper project Peruvian precious metals miner Buenaventura said Southern Copper Corp is evaluating its proposal to jointly develop Southern?s $2 billion copper project Michiquillay Agri Commodity Slack physical demand drags pulses Demand in pulses and pulse seeds declined on Wednesday. Tur saw slack physical demand. Sugar prices rule steady Sugar prices at Vashi gain by ?10?20 and rule steady at naka and mill level on Wednesday on ease in demand

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BULLIONS WEEKLY TECHNICAL LEVELS

PIVOT TABLES SCRIP

S2

S1

R1

R2

STRATEGY

GOLD

31070

31185

31405

31515

BUY ON DIPS

SILVER

39510

39785

40225

40460

BUY ON DIPS

CRUDE OIL

4484

4545

4660

4720

BUY ON DIPS

NG

192.20

194.35

197.50

199.20

BUY ON DIPS

COPPER

448.50

453.10

462.40

465.80

SELL ON RISE

NICKEL

981.10

998.50

1028.50

1041.50

BUY ON DIPS

LEAD

163.0

164.3

166.5

167.2

SELL ON RISE

ZINC

205.90

208.70

214.60

217.05

BUY ON DIPS

ALUMINIUM

151.90

152.95

155.40

156.75

BUY ON DIPS

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BULLIONS WEEKLY TECHNICAL LEVELS

CRUDEOIL : HOURLY CHART

CALL OF THE DAY

BUY CRUDEOIL ABOVE 4630 TGT 4680 SL BELOW 4580

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BULLIONS WEEKLY TECHNICAL LEVELS

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