MTECHTIPS;- Crude oil to trade positive


MTECHTIPS;- Crude oil to trade positive

MTECHTIPS-Oil prices edged higher on Wednesday, as surging U.S. fuel demand and strong refinery runs offset data from the Energy Department that showed crude inventories did not fall as much as expected last week. Crude inventories in the United States fell by 1.5 million barrels in the week to July 28, the Energy Information Administration said, about half the decline analysts had expected. Oil prices fell sharply on Tuesday, and have come under pressure in recent sessions on news top oil producing countries may be boosting output.We expect crude oil prices to trade positive on the back of U.S. sanctions against Venezuela’s oil sector.

MTECHTIPS;- Crude oil to trade positive


MTECHTIPS;- Crude oil to trade positive

MTECHTIPS-Oil prices edged higher on Wednesday, as surging U.S. fuel demand and strong refinery runs offset data from the Energy Department that showed crude inventories did not fall as much as expected last week. Crude inventories in the United States fell by 1.5 million barrels in the week to July 28, the Energy Information Administration said, about half the decline analysts had expected. Oil prices fell sharply on Tuesday, and have come under pressure in recent sessions on news top oil producing countries may be boosting output.We expect crude oil prices to trade positive on the back of U.S. sanctions against Venezuela’s oil sector.

MTECHTIPS;- Gold to trade in 28338-28846


MTECHTIPS;- Gold to trade in 28338-28846

MTECHTIPS-Gold trading range for the day is 28338-28846. Gold edged down as investors took profits following a recent rally, with strong economic growth in Europe and rising stock markets encouraging a shift to riskier assets. Recently prices were supported by doubts U.S. interest rates would rise quickly while the market awaited U.S. payroll data for further clues. Political turmoil in Washington and a run of weak economic indicators has reduced expectations that the U.S. Federal Reserve will raise rates rap BUY GOLD OCT 2017 @ 28480 SL 28300 TGT 28640-28750. MCX

MTECHTIPS;- Gold to trade in 28338-28846


MTECHTIPS;- Gold to trade in 28338-28846

MTECHTIPS-Gold trading range for the day is 28338-28846. Gold edged down as investors took profits following a recent rally, with strong economic growth in Europe and rising stock markets encouraging a shift to riskier assets. Recently prices were supported by doubts U.S. interest rates would rise quickly while the market awaited U.S. payroll data for further clues. Political turmoil in Washington and a run of weak economic indicators has reduced expectations that the U.S. Federal Reserve will raise rates rap BUY GOLD OCT 2017 @ 28480 SL 28300 TGT 28640-28750. MCX

MTECHTIPS;- Silver to trade in 37393-38703


MTECHTIPS;- Silver to trade in 37393-38703

MTECHTIPS-Silver trading range for the day is 37393-38703 Silver prices dropped as a recent rally started showing signs of fatigue. Prices remained supported recently amid lackluster economic data raised questions about whether the Fed will follow through with another rate increase this year. The U.S. economy will likely be strong enough for the Fed to trim its bond holdings in September, San Francisco Fed President John Williams said. BUY SILVER SEP 2017 @ 37900 SL 37600 TGT 38200-38550. MCX