WEEKLY LATEST UPDATES

Transcription

1

2

3 WEEKLY LATEST UPDATES Gold bulls weathered rising U.S. interest rates, record-high equity markets and an improving global economy to push the metal to its best year since 2010 Bullion futures on the Comex in New York jumped 13 percent in 2017 for a second straight annual gain. Other measures of the metal also defied the interest-rate odds: Holdings in exchange-traded funds backed by bullion advanced for a second year, as did the net-long position in the metal held by hedge funds and other large speculators. Gold benefited as declines in the dollar fueled demand for alternative assets, while geopolitical tensions and uncertainty over the impact of a new U.S. tax plan boosted the appeal of havens. That helped cushion the blow from a surge in equities and the Fed s campaign to tighten monetary policy, which can make non-interest-bearing assets such as gold less competitive. As the price of oil rises, heavily-hedged shale drillers may find it harder to meet investor demands for payback, boosting the value of producers that haven t locked in returns for future When West Texas Intermediate breached $60 a barrel, it was good news generally for U.S. shale producers. But the higher the price, the less gain will come to companies that hedged their production as crude held below $55 for 10 months of the year.

4 WEEKLY MARKET WRAPUP COMMODITY OPEN HIGH LOW CLOSE GOLD SILVER CRUDEOIL ZINC LEAD ALUMINIUM COPPER NICKEL

5 TECHNICAL CHARTS & RESEARCHER VIEW MCX GOLD MAR 2018 PIVOT POINT 30,949 30,709 30,552 30,312 30,155

6 TRADING STRATEGY: MCX Gold during this week prices as expected moved downward. Gold MAR contract now looking further bearish on weekly chart. For the next week we expect gold prices to find Resistance in range of levels. Below levels, the strong Support is at levels. Support is in the range of levels. Below the strong Support is at levels. RECOMMENDATION: SELL GOLD BELOW TGT SL 30600

7 MCX CRUDEOIL MAR 2017 WEEKLY PIVOT LEVEL PIVOT POINT 4,203 4,149 4,055 4,001 3,907

8 TRADING STRATEGY: MCX CRUDEOIL during this week prices as expected moved Upside. Crude Oil MAR contract now looking further bullish on weekly chart. For the next week we expect Crude oil prices to find resistance in range of 4110 levels. Above 4110 levels, the strong resistance is at 4170 levels. Support is in the range of 4000 levels. Below 3907 the strong support is at 3950 levels. RECOMMENDATION: CRUDE OIL BUY ABOVE 4120 TGT 4160 SL 4090

9 MCX ZINC FEB 2017 WEEKLY PIVOT LEVEL PIVOT POINT

10 TRADING STRATEGY: MCX ZINC traded with Positive bias in the previous session. ZINC FEB contract now looking further bullish on weekly chart. For the next week we expect zinc prices to find Support in range of levels. Below levels, the strong Support is at levels. Resistance is in the range levels. Above the strong Resistance is at 235 levels. RECOMMENDATION: BUY ZINC JAN ABOVE TGT SL

11 DISCLAIMER The information contained here was gathered from sources deemed reliable however; no claim is made as to accuracy or content. This does not contain specific recommendations to buy or sell at particular prices or time, nor should any examples presented be deemed as such. There is a risk of loss in commodity trading and you should carefully consider your financial position before making a trade. This is not, nor is it intended, to be a complete study of chart patterns or technical analysis and should not be deemed as such. Money Classic Investment Advisors does not guarantee that such information is accurate or complete and it should not be relied upon as such. Any opinions expressed reflect judgments at this date and are subject to change without notice. For use at the sole discretion of the investor without any liability on Money Classic Investment Advisors. MONEY CLASSIC INVESTMENT ADVISORS WEBSITE- RESEARCH.COM - INFO@MONEYCLASSICRESEARCH.COM CONTACT NO. - (M) , (0)