Dailly Commodity News Latter 14_aug_2015

7/23/2019 Dailly Commodity News Latter 14_aug_2015

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Daily com

U.S. adds 173,000 jobs in

as unemployment falls to

year low

20

Capit

Mark

9/14/

odity News L

August

seven-

15

l Life

t Researc

015

tter



Bullion:

Base Metals:

Energy:

Gold fell to a one-month low on Fr

weekly loss, as uncertainty over t

first interest rate increase in nearl

the metal. Prices went down 2 per

weakest level since August 11 at $

Traders are awaiting the Fed's ne

clues on the timing of a U.S. intere

positions in gold. The dollar edged

currencies on Friday. Global stock

track for their biggest weekly gain

the possibility of U.S. interest rate

Copper traded sluggish on Friday

top consumer China and a possibl

metal still set its biggest weekly g

announcements. Copper hit a seve

an announcement by commodities

400,000 tonnes of output over the

became the first big miner to cut o

investor nerves again was China,

week, mostly due to an announce

that it plans to cut 400,000 tonnes

Crude oil may trade on negative z

Crude futures fell 2 percent or mo

Street trader Goldman Sachs cut itsentiment from rebounding U.S. st

helped the market pare losses. Glo

than 3 percent initially on the Gol

losses as stocks on Wall Street reb

rig count emerged. But toward the

finishing off their lows.

day, heading for a third successive

e timing of the U.S. Federal Reserve's

a decade weighed on appetite for

ent this week, and touched their

,099.05 an ounce on Wednesday.

t policy statement on Sept. 17 for

t rate rise, before taking any big

up 0.1 percent against a basket of

slipped into the red but remained on

in eight as investors grappled with

rising next week.

n persistent fears of a hard landing in

U.S. rate rise next week, but the

in since May thanks to output cut

n-week high this week, mostly due to

giant Glencore that it plans to cut

next 18 months. U.S.-listed Freeport

utput last month. But weighing on

opper hit a seven-week high this

ent by commodities giant Glencore

of output over the next 18 months.

ne in range of 2950-3070 in MCX.

e on Friday after influential Wall

s outlook on oil, but positiveock prices and less drilling for oil

bal benchmarks for crude oil fell more

man announcement, then pared

ounded and news of a lower U.S. oil

close, they headed lower again before



Technical

Out LookGold

• Resistance: 26150 26300 26450

• Support: 26000 25900 25750

• Strategy: Sell On Rise

Silver

• Resistance: 35800, 36300,36900

• Support: 35000, 34600,34000

• Stratergy: Sell On Rise

Copper

• Resistance: 370, 374, 378

• Support: 360, 357,355


Crude Oil

• Resistance: 2980, 3050, 3150

• Support: 2900, 2860, 2800


Lead

• Resistance: 113.50, 114, 115.20• Support: 112, 111, 110.00

• Stratergy: Buy On Dips

Zinc

• Resistance: 121.50, 122.50, 123.40

• Support: 119.50, 118.50, 117.80

• Stratergy: Buy On Dips



nternation

Updates

Dow Jonse-16217

FTSE_100-6072

Hang_Seng-20640

Nikkei_225-17460

DAX_30-10109

CAC_40-4540

l Market

gold-

1120

Silver-

14.50

Copper-

2.334

Crude oil-

44.35

Natural Gas-

2.681

E

U

G

U

RUSD-

.1217

SDCHF-

.9711

SDJPY-

19.44

PUSD-

.5382

SDINR-

66.87



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Dailly Commodity News Latter 14_aug_2015

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