Tuesday, 22 November 2016

DOLLAR ADVISORY MCX NICKEL UPDATE OF 22 Nov 2016


Nickel rallied as industrial metals renewed their advance amid optimism over demand in China and the U.S.
Real gross domestic product of the member countries of the OECD area picked up markedly in the third quarter
Technically market is under short covering as market has witnessed drop in open interest by -25.3% to settled at 7409
Nickel trading range for the day is 740.2-795.
 
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Nickel trading range for the day is 740.2-795.
Nickel rallied as industrial metals renewed their advance amid optimism over demand in China and the U.S.
Real gross domestic product of the member countries of the OECD area picked up markedly in the third quarter
Technically market is under short covering as market has witnessed drop in open interest by -25.3% to settled at 7409  - See more at: http://investmentguruindia.com/CommoditiesReports/Crudeoil-trading-range-for-the-day-is-3107-3425---Kedia#sthash.Kz0xgnhx.dpuf

DOLLAR ADVISORY MCX ZINC UPDATE OF 22 Nov 2016

Zinc trading range for the day is 172.2-177.8. Zinc gained as investors allocated into the beaten-down sector on prospects that rising oil prices will stoke inflation into next year. The global zinc market deficit narrowed to 19,900 tonnes in September from an upwardly revised deficit of 26,000 tonnes in August Clues on future U.S. policy under Donald Trump rather than economic data will likely dominate minds and markets in the week ahead.
 
For more information Call us ✆ +91 7400-73400 or Visit http://dollaradvisory.com

Zinc trading range for the day is 172.2-177.8. Zinc gained as investors allocated into the beaten-down sector on prospects that rising oil prices will stoke inflation into next year. The global zinc market deficit narrowed to 19,900 tonnes in September from an upwardly revised deficit of 26,000 tonnes in August Clues on future U.S. policy under Donald Trump rather than economic data will likely dominate minds and markets in the week ahead. - See more at: http://investmentguruindia.com/CommoditiesReports/Crudeoil-trading-range-for-the-day-is-3107-3425---Kedia#sthash.7GD3JjoO.dpuf

DOLLAR ADVISORY MCX COPPER UPDATE OF 22 Nov 2016


Copper trading range for the day is 368.8-385.8. Copper rallied on expectations of improving appetite from China and higher demand from the U.S. market as the dollar pared recent gains. In the physical market, copper premium in Shanghai stayed firm at $95 a tonne, up from $70 a month ago. Hedge funds and money managers raised their net long position in COMEX copper futures and options to a record for the second straight week.
 
For more information Call us ✆ +91 7400-73400 or Visit http://dollaradvisory.com

DOLLAR ADVISORY MCX CRUDE OIL UPDATE OF 22 Nov 2016


Crude oil trading range for the day is 3107-3425.
Crude oil prices rose as producer cartel OPEC moved closer to an output cut to rein oversupply that has kept prices low for over two years.
Markets were being supported by advancing plans by OPEC to cut production in a bid to prop up the market following over two years of low prices.
Such a deal has proved tricky to agree as some producers, most notably Iran, have been reluctant to cut output. 
 
For more information Call us ✆ +91 7400-73400 or Visit http://dollaradvisory.com

Crudeoil trading range for the day is 3107-3425.
Crude oil prices rose as producer cartel OPEC moved closer to an output cut to rein oversupply that has kept prices low for over two years.
Markets were being supported by advancing plans by OPEC to cut production in a bid to prop up the market following over two years of low prices.
Such a deal has proved tricky to agree as some producers, most notably Iran, have been reluctant to cut output. - See more at: http://investmentguruindia.com/CommoditiesReports/Crudeoil-trading-range-for-the-day-is-3107-3425---Kedia#sthash.cn8dxXVV.dpuf

DOLLAR ADVISORY MCX SILVER UPDATE OF 22 Nov 2016


Silver prices gained as the U.S. dollar fell further after snapping a 10-day rising streak.
With traders pricing in near certainty that U.S. borrowing costs will rise next month, silver investors are heading for the exit.
This month, almost $79 million was pulled from iShares Silver Trust, the largest exchange-traded fund backed by the metal.
Silver trading range for the day is 40230-40928.
 
For more information Call us ✆ +91 7400-73400 or Visit http://dollaradvisory.com
Silver trading range for the day is 40230-40928.
Silver prices gained as the U.S. dollar fell further after snapping a 10-day rising streak.
With traders pricing in near certainty that U.S. borrowing costs will rise next month, silver investors are heading for the exit.
This month, almost $79 million was pulled from iShares Silver Trust, the largest exchange-traded fund backed by the metal.   - See more at: http://investmentguruindia.com/CommoditiesReports/Crudeoil-trading-range-for-the-day-is-3107-3425---Kedia#sthash.9FaffH7f.dpuf
Silver trading range for the day is 40230-40928.
Silver prices gained as the U.S. dollar fell further after snapping a 10-day rising streak.
With traders pricing in near certainty that U.S. borrowing costs will rise next month, silver investors are heading for the exit.
This month, almost $79 million was pulled from iShares Silver Trust, the largest exchange-traded fund backed by the metal.   - See more at: http://investmentguruindia.com/CommoditiesReports/Crudeoil-trading-range-for-the-day-is-3107-3425---Kedia#sthash.9FaffH7f.dpuf

DOLLAR ADVISORY MCX GOLD UPDATE OF 22 Nov 2016


Gold gains helped by physical buying after the metal slid to a 5-1/2-month low.
Fed’s William Dudley said the post-U.S. election market reaction is not concerning in terms of planned interest rate increases.
SPDR gold trust holdings dropped by 0.71% i.e. 6.53 tonnes to 908.76 tonnes from 915.29 tonnes.
Gold trading range for the day is 28840-29348.
 
For more information and best trading tips, Call us ✆ +91 7400-73400 or Visit http://dollaradvisory.com
Gold trading range for the day is 28840-29348.
Gold gains helped by physical buying after the metal slid to a 5-1/2-month low.
Fed’s William Dudley said the post-U.S. election market reaction is not concerning in terms of planned interest rate increases.
SPDR gold trust holdings dropped by 0.71% i.e. 6.53 tonnes to 908.76 tonnes from 915.29 tonnes.  - See more at: http://investmentguruindia.com/CommoditiesReports/Crudeoil-trading-range-for-the-day-is-3107-3425---Kedia#sthash.NGOCb0mN.dpuf

Monday, 21 November 2016

DOLLAR ADVISORY MCX NICKEL UPDATE OF 21 Nov 2016

Nickel trading range for the day is 723.3-770.7. Nickel dropped on profit booking as traders decided a rally driven by U.S. president-elect Trump's economic policies was overdone, for now. Nickel ore inventories at seven major Chinese ports were 10.45 million wmt over this past week, down 370,000 wmt on a weekly basis. Smelting fees tend to fall when ore supply decreases as smelters are forced to offer competitive rates to win business.
For more information and best trading tips, Call us ✆ +91 7400-73400 or Visit http://dollaradvisory.com