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8 FEB 12 FEB 2016 \ W E E K L Y R E P O R T Blow by Blow On Bullions, Base metals, Energy… WWW.TRIFIDRESEARCH.COM

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Trifid Research is a share market advisory company in the Indian financial market. It has provided 2 days free trial in all segments such as stock, commodity & currency market with top suggestion & tips. This is very useful and reliable for all traders and investors.

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Page 1: Weekly Commodity Tips via Trifid Professionals

8 FEB – 12 FEB 2016

\

W E E K L Y

R

E

P

O

R

T

Blow by Blow

On

Bullions,

Base metals,

Energy…

WWW.TRIFIDRESEARCH.COM

Page 2: Weekly Commodity Tips via Trifid Professionals

MAJOR EVENTS Precious metals may perform on a positive note with promises of price rise in 2016,

according to the London Bullion Market Association(LBMA) survey. “Contributors to

the 2016 Forecast Survey are predicting price increases across the board for all four

metals,”

The survey contributors foresee modest increase of 1.1% in the gold price and a more

bullish outcome for the white metals with price increases of 5.4% for both silver and

platinum and a more significant increase of 12.7% for palladium prices. This year

LBMA analysts are more bullish about the prospects of precious metal prices than

they were in last year’s survey. Whilst analysts are bullish this is only expected to be a

partial recovery with prices of all four metals forecast to be some way below last

year’s highs.

This is largely driven by steady performance following the December FOMC, severe

tensions over the equity market sell-off and demand for safe havens against FX

volatility and geopolitical concerns.

WTI Oil plummeted over 6% during trading on Monday with prices edging closer to

$31 as tepid manufacturing data from China, the world’s largest energy consumer,

renewed fears that demand may be dwindling.

These anxieties added to the rapidly fading expectations around OPEC cooperating

with Russia to curb production, while ongoing concerns over the excessive oversupply

of oil in the markets continued to haunt investor attraction. Although there was some

initial optimism directed towards Russia’s willingness to slash production, Saudi

Arabia remained defiant on the idea of any cuts, while Iran had already pledged to

pump up to 1.5M barrels a day in a mission to reclaim its lost market share.

The visible clash of interests from various cartel members combined with an

appreciating Dollar has added to oil’s woes consequently obstructing any opportunity

for a recovery in prices. WTI remains firmly bearish and this horrible combination of

record high productions, a heavily saturated oil markets and fears over sluggish

demand should encourage sellers to attack oil prices towards $30.

WTI Crude Oil

remains firmly

bearish on China

threat.

Global Zinc market

to grow to

19.19MMT by 2020

in terms of

consumption.

In terms of consumption, the global zinc market was 15.8 million metric tons in 2015,

and this will increase to 19.19 million metric tons by 2020, growing at a CAGR of

3.96%.

The global zinc market is highly fragmented, with primary and secondary smelters

accounting for 56% of the market. China was the global leader in the manufacture of

zinc in 2015. Other prominent suppliers of zinc are Australia, India, South Korea,

Japan, and Latin America. “Even though smelting capacity is high, the actual supply of

zinc will be lower than the rated capacity due to the depletion of mines. This will

negatively impact the zinc supply in Southeast Asia and the EU. Smelters around the

world have been facing a supply deficiency since 2011,” as per the report.

This has resulted in reduced capacity utilization in production plants. Capacity

expansions will be done on a large scale by smelters in China during the forecast

period. Expansion project investments (both Greenfield and Brownfield) will be

carried out in countries such as South Korea, Japan, Kazakhstan, and India to increase

smelting capacity.

Precious metals

offer bright

prospects in

2016.

Page 3: Weekly Commodity Tips via Trifid Professionals

E C O N O M I C C A L E N D E R

DATE & TIME DESCRIPTION FORECAST PREVIOUS

Feb 8 8th-12th Mortgage Delinquencies 4.99%

8:30pm Labor Market Conditions Index m/m 2.9

Feb 9 4:30pm NFIB Small Business Index 94.6 95.2

8:30pm JOLTS Job Openings 5.54M 5.43M

8:30pm Wholesale Inventories m/m -0.1% -0.3%

Feb 10 8:30pm Fed Chair Yellen Testifies

9:00pm Crude Oil Inventories 7.8M

11:31pm 10-y Bond Auction 2.09/2.8

Feb 11 12:30am Federal Budget Balance 10.3B -14.4B

7:00pm Unemployment Claims 287K 285K

8:30pm Fed Chair Yellen Testifies

9:00pm Natural Gas Storage -152B

11:31pm 30-y Bond Auction 2.91/2.3

Feb 12 7:00pm Core Retail Sales m/m 0.0% -0.1%

7:00pm Retail Sales m/m 0.1% -0.1%

7:00pm Import Prices m/m -1.4% -1.2%

8:30pm Prelim UoM Consumer Sentiment 92.6 92.0

8:30pm FOMC Member Dudley Speaks

8:30pm Business Inventories m/m 0.1% -0.2%

8:30pm Prelim UoM Inflation Expectations 2.5%

Page 4: Weekly Commodity Tips via Trifid Professionals

S1 S2 S3 R1 R2 R3

26950 26485 26090 27835 28180 28510

S1 S2 S3 R1 R2 R3

35300 34500 33700 36100 37100 38000

T E C H N I C A L V I E W

MCX GOLD showed bullish movement

as it gave a breakout of inverse head

and shoulder pattern on daily chart

and found important resistance of

27600. Now, if it continues this bull

rally on higher side then it may find

next strong resistance of 28270. And

on lower side 27000 will act as vital

support level below which may again

drag towards the support level of

26500.

S T R A T E G Y Better strategy in MCX GOLD is to buy

above 27600 for the target of 28250,

with stop loss of 26900.

PIVOT TABLE

G O L D

PIVOT TABLE

S I L V E R

T E C H N I C A L V I E W

MCX SILVER last week showed strong

movement on higher side and gave

breakout of important resistance level

of 35300 and closed near to 61.8%

retracement level. Now, for upcoming

sessions 36100 is act as resistance for it

maintain above this resistance it may

find strong resistance of 37000. On

other hand 35300 will act as important

support level.

S T R A T E G Y Better strategy in MCX SILVER at this

point of time is to buy above 36100 for

the target of 37000, with stop loss of

34900.

Page 5: Weekly Commodity Tips via Trifid Professionals

C R U D E O I L

C O P P E R

S1 S2 S3 R1 R2 R3

2030 1900 1800 2345 2570 2760

S1 S2 S3 R1 R2 R3

312.30 303.95 296.25 321.65 329.85 338.60

T E C H N I C A L V I E W

MCX Copper last week showed bullish

movement, broke trendline act as

resistance for it, also closed above it

and found resistance of 23.6%

retracement level on daily chart. Now

322.50 will act as immediate

resistance for it above this 330 is next

resistance. Closing below 310 again

drag it towards major support level of

300 and continue its major trend.

S T R A T E G Y Better strategy in MCX CRUDEOIL is to

sell below 2020 for the target of 1800,

with stop loss of 2350.

PIVOT TABLE

T E C H N I C A L V I E W

MCX Crude oil showed sideways

movement, found resistance of

upperband of downward channel

pattern on daily charts and closed

around it. Now, 2350 is act as vital

resistance for it above which breakout

of channel pattern is expected and

may find next resistance near 2475. On

lower side closing below 2030 may

again drag it towards major support

level of 1900.

S T R A T E G Y Better strategy in MCX COPPER is to sell

below 310, with stop loss of 323 for the

targets of 300-295.

PIVOT TABLE

Page 6: Weekly Commodity Tips via Trifid Professionals

WWW.TRIFIDRESEARCH.COM

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