#commodities report

Commodities Slump Is Set to Give India Relief From Inflation

India’s policy makers and consumers will be cheering a steep slump in commodities, especially palm oil, which could bring about a few months of “surprisingly low” food inflation.  (more…)

Market Movements Report Time: 26-Nov-2018 06:11 EST Symbol Latest Price Daily Change EURUSD 1.137  0.19% USDJPY 113.222  0.01% GBPUSD 1.285  0.27% USDCHF 0.997  0.06% FTSE 7,022  0.71% Market Reports are generated 3 times per day before the open of Tokyo, London and New York. These reports provide you with a snapshot of the technical outlook of the markets before the…

Crude Oil Continues Big Slide Despite Saudi Talk of Supply Cuts

Gold Silver Reports (GSR) – Futures in New York as 0.4% Monday, extending a record decline. Oil was pulled 2.5% lower after the close amid a slide in equities, with President Donald Trump adding pressure with a tweet criticising the Saudi plan.

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Commodities Weekly Forecast 15-10-18 To 19-10-18 – Neal Bhai Reports

Commodities Weekly Research Report 

 Dated: 15-10-2018 To 19-10-2018 

Happy Diwali 2018 : Big Offer Start, Just Rs. 31,000 – Diwali 2018 to Diwali 2019 – 1 Year Subscription, All Segment Covered – MCX, NCDEX, NIfty & Equity

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Commodities Weekly Forecast 08-10-18 To 12-10-18 – Neal Bhai Reports

Commodities Weekly Research Report 

 Dated: 08-10-2018 To 12-10-2018 

Happy Diwali 2018 : Big Offer Start, Just Rs. 31,000 – Diwali 2018 to Diwali 2019 – 1 Year Subscription, All Segment Covered – MCX, NCDEX, NIfty & Equity

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◘Gold prices are holding relatively steady, hovering above the psychological level of $1,200 an ounce as the U.S. labor market showed a mixed picture last month. The Bureau of Labor Statistics said 134,000 jobs were created in September, economists were expecting to see job gains of around 185,000. While the data came in weaker than expected, the report noted higher revision in July and August. July’s numbers were revised up to 165,000 jobs from the previous estimate of 147,000; at the same time, Augusts' job number was revised up to 270,000 from the initial estimate of 201,000. ◘Crude futures steadied on Friday after climbing to four-year highs earlier this week, and both Brent and U.S. crude marked weekly gains ahead of U.S. sanctions on Iranian oil exports.

◘China’s aluminum processing industry picks up growth in Sep. ◘UPDATE 1-U.S.-China trade war dims Asia's 2019 growth outlook. ◘U.S. President Donald Trump has made a deal with his North American allies on the revised NAFTA agreement, his administration can now focus his trade war with only one front: China. ◘The Indian Commodity Exchange has tied up with Metropolitan Clearing Corporation, a subsidiary of Metropolitan Stock Exchange, to clear and settle the trades executed on its platform. Both ICEX and MCCIL got SEBI’s go-ahead on September 27. MCCIL will act as the counterparty for all trades to be executed on ICEX, and guarantee settlement.

Disclaimer

Commodities Insight (Global News)-

♦China slashed its forecast for 2018-19 soybean imports to 83.65 million tonnes, down 10.2 million tonnes from last month's estimate of 93.85 million tonnes, the Ministry of Agriculture and Rural Affairs said in its monthly crop report.

♦United States CFTC Gold NC net positions down to $-10.8K from previous $-7.6K

♦OPEC, non-OPEC states study new oil output boost -source

♦OPEC and its allies to gather on Sunday in Algeria

♦The steel related metal Zinc is experiencing a deficit of 32,500 tonnes in July as against 14,200 tonnes in June, thus bringing in support for the rise in prices.

♦However, its sister metal lead is in a surplus of 20,600 tonnes in July after a deficit of 4,700 tonnes in June month as per ILZSG report.+

♦U.S. crude rose 2.5 percent in the week and Brent posted a 0.7 percent weekly gain.

♦In early trade, supply worries sent Brent $1.00 higher to $80.12 per barrel. Prices retreated after a source told Reuters that OPEC and its allies were discussing the possibility of raising output by 500,000 barrels per day. Then prices rebounded as investors bet Iran's production cuts would be too great to be fully offset.

Weekly Economic Calendar-

Recommendations-

DISCLAIMER-

•Commodity trading tips involve high risk and one can lose a substantial amount of money. The recommendations made herein do not constitute an offer to sell or solicitation to buy any of the Securities mentioned. No representations can be made that recommendations contained herein will be profitable or they will not result in losses. Readers using the information contained herein are solely responsible for their actions. The information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on technical analysis only.

Commodities Weekly Forecast and Prediction 17-09-18 To 21-09-18 – Neal Bhai Reports

Commodities Weekly Research Report 

 Dated: 17-09-2018 To 21-09-2018 

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