MTECHTIPS;-Crude oil gain in Asia with U.S. inventory data a mixed picture


MTECHTIPS;-Crude oil gain in Asia with U.S. inventory data a mixed picture

MTECHTIPS- Crude oil prices rebounded in Asia on Thursday as investors saw buying opportunity on an overnight dip on mixed U.S. inventory data. Record refinery runs in the U.S. are drawing down crude stocks, but gasoline produced is not seeing expected strong demand as the summer driving season heads to a close, said Matt Smith, director of commodities, Clipper Data. On the New York Mercantile Exchange crude futures for September delivery rose 0.24% to $46.89, while on London’s Intercontinental Exchange, Brent gained 0.44% to $50.49 a barrel. Overnight, crude futures settled lower on Wednesday, as data showing U.S. crude production rose to its highest in over two years offset a decline in supplies of U.S. crude for a seventh-straight week. Crude oil fell for the third-straight day, after a report from the Energy Information Administration (EIA) showing crude stockpiles fell by more than expected last week failed to offset concerns over a rise in production

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MTECHTIPS;-Crude oil gain in Asia with U.S. inventory data a mixed picture


MTECHTIPS;-Crude oil gain in Asia with U.S. inventory data a mixed picture

MTECHTIPS- Crude oil prices rebounded in Asia on Thursday as investors saw buying opportunity on an overnight dip on mixed U.S. inventory data. Record refinery runs in the U.S. are drawing down crude stocks, but gasoline produced is not seeing expected strong demand as the summer driving season heads to a close, said Matt Smith, director of commodities, Clipper Data. On the New York Mercantile Exchange crude futures for September delivery rose 0.24% to $46.89, while on London’s Intercontinental Exchange, Brent gained 0.44% to $50.49 a barrel. Overnight, crude futures settled lower on Wednesday, as data showing U.S. crude production rose to its highest in over two years offset a decline in supplies of U.S. crude for a seventh-straight week. Crude oil fell for the third-straight day, after a report from the Energy Information Administration (EIA) showing crude stockpiles fell by more than expected last week failed to offset concerns over a rise in production

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MTECHTIPS:-Trading Tips with MTECHTIPS Apply For 2 Days Free Trails


MTECHTIPS:-Trading Tips with MTECHTIPS Apply For 2 Days Free Trails

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Detailed and Research-Based Trading Tips Service at mtechtips

MTECHTIPS-Advisory is a financial advisory firm having a team of specialized financial market analysts having massive experience in carrying out capital market research. We deliver reliable tips and advices for stocks, future , Index and option (F&O) traded in the NSE commodities such as bullion, agri and metals traded in the MCX and NCDEX. We offer daily and weekly reports having stock and commodity market overview that assists the investors to identify with the trends of the market and assists in taking smart decisions.

 

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MTECHTIPS:-Trading Tips with MTECHTIPS Apply For 2 Days Free Trails


MTECHTIPS:-Trading Tips with MTECHTIPS Apply For 2 Days Free Trails

MTE FREE

Detailed and Research-Based Trading Tips Service at mtechtips

MTECHTIPS-Advisory is a financial advisory firm having a team of specialized financial market analysts having massive experience in carrying out capital market research. We deliver reliable tips and advices for stocks, future , Index and option (F&O) traded in the NSE commodities such as bullion, agri and metals traded in the MCX and NCDEX. We offer daily and weekly reports having stock and commodity market overview that assists the investors to identify with the trends of the market and assists in taking smart decisions.

 

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MTECHTIPS;-Zinc to trade positive


MTECHTIPS;-Zinc to trade positive

MTECHTIPS-Zinc prices surged to their highest in almost a decade on Wednesday while aluminium and copper hit their highest since 2014 as rises across most industrial metals triggered pre-set buy orders and a wave of speculative buying.The metal used to galvanise steel is benefiting from Chinese infrastructure development and higher steel prices caused by capacity cuts, ANZ analyst Daniel Hynes said.We expect base metal prices likely to trade positive on the back of expectation of strong demand from China

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MTECHTIPS;-Zinc to trade positive


MTECHTIPS;-Zinc to trade positive

MTECHTIPS-Zinc prices surged to their highest in almost a decade on Wednesday while aluminium and copper hit their highest since 2014 as rises across most industrial metals triggered pre-set buy orders and a wave of speculative buying.The metal used to galvanise steel is benefiting from Chinese infrastructure development and higher steel prices caused by capacity cuts, ANZ analyst Daniel Hynes said.We expect base metal prices likely to trade positive on the back of expectation of strong demand from China

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MTECHTIPS;-Silver to trade in 38036-39402


MTECHTIPS;-Silver to trade in 38036-39402

MTECHTIPS- Silver trading range for the day is 38036-39402. Silver ended with losses but prices trimmed some of its losses after the release of downbeat U.S. housing sector data dampened demand for the greenback. The minutes from Fed’s last policy meeting showed policymakers were increasingly wary of recent softness in inflation and could delay a rate hike. U.S. central bank is roughly at the mid-point on its current path to normalize interest rates as the economy has shown further improvement even without fiscal stimulus. BUY SILVER SEP 2017 @ 39000 SL 38850 TGT 39360-39640. MCX

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