Friday, August 19, 2011
MKT ALERT
Base metals trading highly volatile. A imm close above 404 looks mild positive for copper. Nickel have to hold above 995.
Thursday, August 18, 2011
MKT ALART
Base Metals and Crude trading mild negative as we alerted before. Traders keep strict SL for all your positions.
Tuesday, August 16, 2011
MKT ALART
Building PermitsA 0.60M F 0.61M P 0.62M Housing StartsA 0.60M F 0.60M P 0.63M Import Prices m/m A 0.3% F 0.0% P -0.5% Deta Mixed to Usd Bullion may trade sideways
Thursday, August 11, 2011
Monday, May 19, 2008
DAILY UPDATES
MONDAY 19 TH MAY
UPDATES FOR THE DAY
Copper falls following large rise inventories.
Copper fell in early London trade on Monday as a large rise in inventories of the red metal weighed on investor sentiment.
At 10.32 a.m., London Metal Exchange copper for three-month delivery was trading at $8,400 per tonne against $8,439 per tonne at the close on Friday.
Stockpiles monitored by the LME rose by 1,500 tonnes to 122,725 tonnes in today's report from the exchange, with the majority going into warehouses in Gwangyang, South Korea.
However, prices have taken support due to concerns stemming from last week's devastating earthquake in China's Sichuan province, as short-term supply disruption fears and expectations for higher metals demand for reconstruction work have boosted buying.
In other metals traded on the LME, tin fell as investors chose to lock-in profits following recent gains. The grey metal has hit a series of record highs this year amid fears supply from major producers China and Indonesia is set to fall. Tin was trading at $24,500 against $24,650. Tin hit an all-time high of $25,550 on May 15, rising by almost 50 percent since the beginning of the year.
Elsewhere, lead slipped to $2,290 per tonne from $2,342 per tonne at the close on Friday, aluminium dropped to $3,027 per tonne against $3,040, while nickel eased to $26,100 from $26,400. Zinc was trading at $2,303 against $2,3
BULLION UPDATE
Gold futures climbed as much as $13 an ounce Monday as some weakness in the U.S. dollar and surging crude-oil prices boosted demand for the precious metal and brought prices to their highest level in a month.
CRUDE UPDATE
Crude-oil futures edged higher Monday, after surging above $127 a barrel earlier in the session, as weakness in the U.S. dollar underpinned oil prices.
In the currency markets, the dollar drifted to a two-week low against the euro and lost ground against most other major currencies, weighed down by ongoing worries over U.S. consumer confidence
Dollar weakness typically boosts dollar-denominated commodities, such as gold and crude oil, because it makes them cheaper for holders of other currencies.
UPDATES FOR THE DAY
Copper falls following large rise inventories.
Copper fell in early London trade on Monday as a large rise in inventories of the red metal weighed on investor sentiment.
At 10.32 a.m., London Metal Exchange copper for three-month delivery was trading at $8,400 per tonne against $8,439 per tonne at the close on Friday.
Stockpiles monitored by the LME rose by 1,500 tonnes to 122,725 tonnes in today's report from the exchange, with the majority going into warehouses in Gwangyang, South Korea.
However, prices have taken support due to concerns stemming from last week's devastating earthquake in China's Sichuan province, as short-term supply disruption fears and expectations for higher metals demand for reconstruction work have boosted buying.
In other metals traded on the LME, tin fell as investors chose to lock-in profits following recent gains. The grey metal has hit a series of record highs this year amid fears supply from major producers China and Indonesia is set to fall. Tin was trading at $24,500 against $24,650. Tin hit an all-time high of $25,550 on May 15, rising by almost 50 percent since the beginning of the year.
Elsewhere, lead slipped to $2,290 per tonne from $2,342 per tonne at the close on Friday, aluminium dropped to $3,027 per tonne against $3,040, while nickel eased to $26,100 from $26,400. Zinc was trading at $2,303 against $2,3
BULLION UPDATE
Gold futures climbed as much as $13 an ounce Monday as some weakness in the U.S. dollar and surging crude-oil prices boosted demand for the precious metal and brought prices to their highest level in a month.
CRUDE UPDATE
Crude-oil futures edged higher Monday, after surging above $127 a barrel earlier in the session, as weakness in the U.S. dollar underpinned oil prices.
In the currency markets, the dollar drifted to a two-week low against the euro and lost ground against most other major currencies, weighed down by ongoing worries over U.S. consumer confidence
Dollar weakness typically boosts dollar-denominated commodities, such as gold and crude oil, because it makes them cheaper for holders of other currencies.
Friday, May 16, 2008
UPDATES
FRIDAY 16 TH May Indian Standard Time 20.30
TRADING CALL
SELL MCX NICKEL JUNE :BELOW 1121 TARGET 1105 STOP
LOSS 1128. CMP 1125
TRADING CALL
SELL MCX NICKEL JUNE :BELOW 1121 TARGET 1105 STOP
LOSS 1128. CMP 1125
CURRENT UPDATE
FRIDAY 16 TH MAY 20.05 INDIAN TIME
All Base Metals have broken crucial Resistance levels and may test further
resistance .
MCX JUN COPPER Rs. 358,361
MCX MAY ZINC Rs .101
MCX MAY LEAD Rs 101
All Base Metals have broken crucial Resistance levels and may test further
resistance .
MCX JUN COPPER Rs. 358,361
MCX MAY ZINC Rs .101
MCX MAY LEAD Rs 101
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