Mcx commodity report sai proficient

gmGFGH

MCX COMMODITY REPORT DATE- April 28, 2016

INFO@SAIPROFICIENT.COM

+919981999934,

SUPPORT@SAIPROFICIENT.COM

+919755855566

COMMODITY NEWS

DAILY COMMODITY REPORT COMMODITY NEWS:













Copper prices rose on Monday, boosted by the dollar's softer tone due to expectations the U.S. Fed will keep rates on hold this week, though weak investment data from top consumer China was expected to limit gains. News the U.S. economy created the fewest number of jobs in May for any month since September 2010 has led the market to think the U.S. central bank will not raise interest rates this week, which has weighed on the dollar.

Investors are looking for more stimuli in China, where it's quite possible that supporters of infrastructure growth will push their agenda. Growth in China's fixed-asset investment slipped below 10 percent for the first time since 2000 in the first five months of the year as a boost from record credit growth faded, putting expectations of further stimulus back on the table.

Factory output grew 6 percent in May from a year earlier, the same as in April, but investment in real estate posted its first year-on-year slowdown in growth since December. An influx of copper inventories last week into LME warehouses might be a warning signal of a surplus that will weigh on prices.

Precious Metals extended gains for the second consecutive week with Gold rallying 2.33% to $1273.40/oz and Silver gaining nearly 6% to $17.33/oz, supported by a light data calendar and reduced chances of a rate hike from FED. Crude Oil rallied to a high of $51.67/bbl but eventually settled at $49.07/bbl, up about a percent whereas Natural Gas continued its third week of gains closing at $2.556/mmbtu, up 7%. Base Metals with the exception of Copper and Lead closed higher in positive territory. Copper lost over 4% to end the week at $4496.50/ton whereas Nickel and Zinc – both gained over 4.5% in the previous week.

Gold hit its highest since mid-May on Monday, driven by rising investor risk aversion before central bank meeting this week and Britain's June 23 vote on whether to leave the European Union. Fading expectations for a Federal Reserve rate hike have driven prices sharply higher so far this month. Gold has rallied 6 percent since U.S. payrolls data for May came in weaker than expected on June 3, crushing expectations for an interest rate hike over the summer.

Markets were also anxious as the Federal Reserve (Fed) kicked off its two-day policy meeting on Tuesday. Although, expectations are for the U.S. central bank to once again hold on policy tightening, market participants will focus on the publication of Fed officials’ expectations for the future path of rate hikes.

WWW.SAIPROFICIENT.COM

{DAILY COMMODITY REPORT (June 15, 2016)}

Market outlook:- (Wednesday, June 15) 

The U.S. Energy Information Administration is to release its weekly report on oil and gasoline stockpiles.

 The U.K. is to release the monthly employment report.  Canada is to publish data on manufacturing sales.  The U.S. is to release reports on producer prices, industrial production and manufacturing activity in the New York region.  The Federal Reserve is to announce its benchmark interest rate and publish its rate statement and economic projections at the conclusion of its two-day policy meeting. The announcement is to be followed by a press conference by Fed Chair Janet Yellen.

WWW.SAIPROFICIENT.COM

{DAILY COMMODITY REPORT (June 15, 2016)}

CRUDE OIL DzCrude oil tries to take support” Energy Overview: - Crude oil prices have moved lower over the past 2 sessions of trade. Weakness below 3225 will push prices lower towards 3210/3185 levels again.

Intraday pullback rallies will face resistance around 3270—3335 levels. The outlook for the counter will stay negative until prices trade below 3225.

Resistance 2 Resistance 1 3345

3305

Pivot Point

Support 1

Support 2

3258

3215

3175

Recommendation:- BUY ABOVE

3270, TARGET- 3315/3365 with the S/L- 3255. (Or) SELL below 3240, target- 3210/3175, SL- 3275

(CRUDE OIL is looking Bearish for next day.)

WWW.SAIPROFICIENT.COM

{DAILY COMMODITY REPORT (June 15, 2016)}

MCX GOLD DzGold Rides Safe Haven Appeal Sharply Higherdz Bullion Overview: - Aug. Gold prices moved higher to hit a swing high of 30488 levels. The momentum should take prices higher towards resistance zones between 30550/30880 zones. Immediate support on dips is seen around 30285 levels. A decisive break down below this support will trigger a correction towards 30150 levels.

Resistance 2

Resistance 1

Pivot Point

Support 1

Support 2

30880

30580

30327

30180

29800

Recommendation:- BUY above 30550 levels with a stop loss placed 30315 levels for target of 30660/30770 levels. (OR) SELL below 30285, target- 29980/29700, SL- 30400

(GOLD is looking Bullish for next day.)

WWW.SAIPROFICIENT.COM

{DAILY COMMODITY REPORT (June 15, 2016)}

COPPER DzCopper tries to take reversaldz Market Outlook:- Copper prices broke down to hit a fresh swing high of 305.95 levels yesterday. Intraday rallies towards 301.50—303 zones can be sold into by traders.

Sustenance below 298 will push prices lower towards next support levels around 291.80.

The broader outlook for the counter will stay negative until prices trade below 308.

Resistance 2 309

Resistance 1 Pivot Point 306

304

Support 1

Support 2

301

295

Recommendation: BUY above, 305 levels with a stop loss 302.50 levels for target 307/309 levels. (Or) sell below 197.50, target 195/193, SL- 301.

(COPPER is looking Bearish for next day.)

WWW.SAIPROFICIENT.COM

{DAILY COMMODITY REPORT (June 15, 2016)}

DISCLAIMER The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most.

Investment in commodity has its own risks. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above. The commodity price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice.

SAI PROFICIENT RESEARCH does not purport to be an invitation or an offer to buy or sell any financial instrument. Analyst or any person related to SAI PROFICIENT RESEARCH might be holding positions in the commodity recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for.

Our Clients (Paid or Unpaid), any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.

Any surfing and reading of the information is the acceptance of this disclaimer.

All Rights Reserved.

WWW.SAIPROFICIENT.COM

{DAILY COMMODITY REPORT (June 15, 2016)}