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commodity journal daily reports 26 september

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commodity journal daily reports 26 september

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  1. Commodity Premium Daily Journal Strictly For Client Circulation Tuesday, 26th September 2017 Gold Silver 30100 40385 research@24cfin.com contactus@24cfin.com +91-98261-69053 604 - Shekhar Central, Palasia Square, Indore - 452001, Madhya Pradesh, INDIA

  2. Market Wrapup Monday, 25th September 2017 Commodity High Open Price Low Contract Close Price Gold 29510 30129 29510 29585 05-Oct-2017 Silver 39601 40433 39538 39727 05-Dec-2017 Crude Oil 3284 3412 3280 3287 18-Oct-2017 Natural Gas 193.1 194.8 190.3 192.6 26-Sep-2017 Copper 423.5 425.35 422.15 423.55 30-Nov-2017 Zinc 201.5 206.15 200.75 201 29-Sep-2017 Lead 161.35 163.55 160.45 161.65 29-Sep-2017 Aluminium 138.2 139.25 137.4 138.95 29-Sep-2017 Nickel 681 691.9 676.6 686.9 29-Sep-2017 research@24cfin.com contactus@24cfin.com +91-98261-69053 604 - Shekhar Central, Palasia Square, Indore - 452001, Madhya Pradesh, INDIA Sebi Reg. No.:- INH000003358

  3. Support & Resistance Tuesday, 26th September 2017 Commodity RES-2 RES-1 PIVOT SUP.1 SUP.2 Contract 05-Oct-2017 30511.67 30275.33 29892.67 29656.33 29273.67 Gold 05-Dec-2017 40977.33 40626.66 40082.33 39731.66 39187.33 Silver 18-Oct-2017 3498.00 3452.00 3366.00 3320.00 3234.00 Crude Oil 26-Sep-2017 196.47 193.63 191.97 189.13 187.47 Natural Gas 30-Nov-2017 427.42 426.28 424.22 423.08 421.02 Copper 29-Sep-2017 209.68 207.82 204.28 202.42 198.88 Zinc 29-Sep-2017 165.15 163.65 162.05 160.55 158.95 Lead 29-Sep-2017 140.33 139.57 138.48 137.72 136.63 Aluminium 29-Sep-2017 701.33 695.47 686.03 680.17 670.73 Nickel research@24cfin.com contactus@24cfin.com +91-98261-69053 604 - Shekhar Central, Palasia Square, Indore - 452001, Madhya Pradesh, INDIA Sebi Reg. No.:- INH000003358

  4. MCX Outlook Tuesday, 26th September 2017 Zinc company 'smoothly' integrates mine acquisitions "The recent acquisitions will help to position Trevali Mining Corp. (TV:TSX; TV:BVL; TREVF:OTCQX) as an intermediate producer with a strong base to build from," concluded Pierre Vaillancourt, analyst with Haywood Securities, in a Sept. 14 research report following a visit to the Rosh Pinah mine in Namibia and a meeting with management from the Perkoa mine in Burkina Faso. "Trevali, in our view, is better positioned as a smaller producer to add value to the mines." Vaillancourt added that efforts to improve production at both mines are "in progress." The precious metal heading for a supply squeeze The South African mining industry got more bad news this week, with sources saying major platinum producer Lonmin has been threatened with a possible shutdown of its mines, after being cited by regulators for non-compliance in its local social programs. But elsewhere, the news for platinum producers was even worse. With one of the world’s largest miners saying it may be forced to close a world-leading mining operation. research@24cfin.com contactus@24cfin.com +91-98261-69053 604 - Shekhar Central, Palasia Square, Indore - 452001, Madhya Pradesh, INDIA Sebi Reg. No.:- INH000003358

  5. Market News Tuesday, 26th September 2017 Special News Special News Special News China's HNA Group says will keep investing in the United States HNA Group Co, one of the most acquisitive Chinese buyers of overseas assets, will keep investing in the United States, one of its key overseas markets, the conglomerate's Chief Executive Officer Adam Tan said on Tuesday. HNA has been in the spotlight together with other Chinese conglomerates for the billions of dollars splashed on marquee real estate properties and global brands, as Beijing cracks downs on what it deems excessive deals. "We still have a strong belief US and China will have a very good relationship, we will keep on investing (in) related business," Tan said at an industry gathering. He added that HNA was the healthiest it had ever been in the history of its growth. Gold Prices Hold Gains In Asia As NKorea Tensions Aid Support Gold prices held gains in Asia on Tuesday as investors stayed cautious about tensions on the Korean peninsula. Gold futures for December delivery on the Comex division of the New York Mercantile Exchange rose 0.27% to $1,315.00. Overnight, gold prices rose sharply on Monday as escalating geopolitical tensions on the Korean Peninsula fuelled safe-haven demand after North Korean Foreign minister Ri Yong Ho warned that Pyongyang has the right to “shoot down U.S. bombers”. “The whole world should clearly remember it was the US who first declared war on our country." North Korea Foreign Minister Ri Yong said in reference to President Donald Trump’s tweet that “North Korea won’t be around much longer”. research@24cfin.com contactus@24cfin.com +91-98261-69053 604 - Shekhar Central, Palasia Square, Indore - 452001, Madhya Pradesh, INDIA Sebi Reg. No.:- INH000003358

  6. Market News Tuesday, 26th September 2017 Commodity Buzz Commodity Buzz Commodity Buzz Crude Oil to extend rallies as it breaks key resistance Crude Oil prices extended gains for a third consecutive week as the impact of hurricanes fade away and the general market sentiment turns bullish supported by a range of factors. Crude Oil, for near delivery, is trading at $50.91/bbl, up 25 cents or 0.51% whereas domestic prices are at Rs.3,326, up 1.22% today. The OPEC meeting in Vienna did not signal the intention to extend the production cut beyond March 2018 but the markets remained hopeful that the next meeting might see a decision at this level. The JTC also noted that compliance with output levels was at its highest, at 116% which was also a major boost for prices. The market is drawing support from the bullish oil inventories report and reports on stronger forecasts of world oil demand. We are bullish on Crude Oil and expect prices to test Rs.3,450 this week. Base Metals extend range-bound trading Base Metals are trading steady today with a slightly positive bias due to the weaker rupee. LME Copper is trading at $6,458.75, down 0.27% whereas Nickel is down over a percent at $10,507.50. Lead and Zinc is trading sharply higher with both gaining close to a percent each. The trend is base metals remains neutral with an upside bias. The recent crash in base metals has been largely driven by weakening data from China which is the largest consumer of metals in the world. Both Copper and Nickel are trading into a range bound and directional movement is not expected unless prices break out of the current range. The rest of the metals are expected to trade with a positive bias in intraday today. research@24cfin.com contactus@24cfin.com +91-98261-69053 604 - Shekhar Central, Palasia Square, Indore - 452001, Madhya Pradesh, INDIA Sebi Reg. No.:- INH000003358

  7. Analyst Speaks Tuesday, 26th September 2017 Gold MCX RESISTANCE 2 30511.67 Technically Gold market is under short covering as market has witnessed drop in open interest by 5.09% to settled at 4937 while prices up 454 rupees. RESISTANCE 1 30275.33 Now Gold is getting support at 29656.33 and below same could see a test of 29273.67 level, And resistance is now likely to be seen at 30275.33, a move above could see prices testing 30511.67. PIVOT 29892.67 SUPPOT 1 29656.33 BUY GOLD OCT AROUND 30000-30050 TGTS 30200/30300 SL 29900 SUPPOT 2 29273.67 research@24cfin.com contactus@24cfin.com +91-98261-69053 604 - Shekhar Central, Palasia Square, Indore - 452001, Madhya Pradesh, INDIA Sebi Reg. No.:- INH000003358

  8. Analyst Speaks Tuesday, 26th September 2017 CRUDE OIL MCX RESISTANCE 2 3498.00 Technically Crude oil market is under long liquidation as market has witnessed drop in open interest by -4.22% to settled at 13420. RESISTANCE 1 3452.00 Now Crude Oil is getting support at 3320.00 and below same could see a test of 3234.00 level, And resistance is now likely to be seen at 3452.00, a move above could see prices testing 3498.00. PIVOT 3366.00 BUY CRUDE OIL OCT AROUND 3400-3410 TGTS 3440/3480 SL 3370 SUPPOT 1 3320.00 SUPPOT 2 3234.00 research@24cfin.com contactus@24cfin.com +91-98261-69053 604 - Shekhar Central, Palasia Square, Indore - 452001, Madhya Pradesh, INDIA Sebi Reg. No.:- INH000003358

  9. Today’s Economic Events Tuesday, 26th September 2017 TIME EVENT COUNTRY ACTUAL FORECAST PREVIOUS FOMC Member Kashkari Speaks 4:00am 7:30pm CB Consumer Confidence 119.9 122.9 New Home Sales 585K 571K USD 8:00pm FOMC Member Brainard Speaks 10:15pm Fed Chair Yellen Speaks research@24cfin.com contactus@24cfin.com +91-98261-69053 604 - Shekhar Central, Palasia Square, Indore - 452001, Madhya Pradesh, INDIA Sebi Reg. No.:- INH000003358

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