MTECHTIPS;-Silver futures advance on global cues

MTECHTIPS;-Silver futures advance on global cues

MTECHTIPS-Silver futures on Wednesday traded higher by Re 1 to Rs 44,506 per kg after speculators raised bets, driven by a firm trend overseas. Silver contracts for March delivery rose by Re 1 to Rs 44,506 per kg in a business turnover of 1,924 lots on the Multi Commodity Exchange.  Besides, the white metal to be delivered in May edged up by Rs 2 to Rs 44,960 per kg in 7 lots. Analysts said widening of positions by traders in sync with a firm trend overseas for precious metals mainly influenced silver prices here. In the international market, silver traded 0.05 per cent higher at USD 17.08 an ounce in New York

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MTECHTIPS;-Silver futures advance on global cues

MTECHTIPS;-Silver futures advance on global cues

MTECHTIPS-Silver futures on Wednesday traded higher by Re 1 to Rs 44,506 per kg after speculators raised bets, driven by a firm trend overseas. Silver contracts for March delivery rose by Re 1 to Rs 44,506 per kg in a business turnover of 1,924 lots on the Multi Commodity Exchange.  Besides, the white metal to be delivered in May edged up by Rs 2 to Rs 44,960 per kg in 7 lots. Analysts said widening of positions by traders in sync with a firm trend overseas for precious metals mainly influenced silver prices here. In the international market, silver traded 0.05 per cent higher at USD 17.08 an ounce in New York

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MTECHTIPS;-Oil dips after U.S. stock build, but demand hopes support

MTECHTIPS;-Oil dips after U.S. stock build, but demand hopes support

MTECHTIPS-Oil retreated on Wednesday after rising more than 1% in the previous session as U.S. industry data showed a surprise build in crude stocks, but hopes for firmer demand next year checked a deeper fall in prices. A “phase one” U.S.-China trade deal announced last week has helped ward off some pressure from the oil market, dampened by worries over the economic impact of a prolonged dispute between the world’s two biggest oil consumers. Brent crude futures Loco dropped 21 cents, or 0.32%, to $65.89 a barrel by 0110 GMT on Wednesday. The international benchmark rose 1.2% to $66.10 a barrel on Tuesday. West Texas Intermediate (WTI) crude futures Cl fell 31 cents, or 0.51%, to $60.63 per barrel. “The sizzling oil market rally came to a grinding halt after an unexpected climb in the weekly U.S. crude inventory report,” said Stephen Innes, market strategist at Trader. However, he added “it’s unlikely to be a game-changer.” “Investors have transcended the trade deal inspired relief rally euphoria and are now banking on a fundamental demand-driven shift that could quicken the pace of the oil market re balancing in the first quarter of 2020.” U.S. crude inventories climbed 4.7 million barrels in the week to Dec. 13 to 452 million, compared with analysts’ expectations for a draw of 1.3 million barrels, data from industry group the American Petroleum Institute showed. API/S Inventory data from the U.S. Energy Information Administration (EIA) is due later on Wednesday. EIA/S

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MTECHTIPS;-Oil dips after U.S. stock build, but demand hopes support

MTECHTIPS;-Oil dips after U.S. stock build, but demand hopes support

MTECHTIPS-Oil retreated on Wednesday after rising more than 1% in the previous session as U.S. industry data showed a surprise build in crude stocks, but hopes for firmer demand next year checked a deeper fall in prices. A “phase one” U.S.-China trade deal announced last week has helped ward off some pressure from the oil market, dampened by worries over the economic impact of a prolonged dispute between the world’s two biggest oil consumers. Brent crude futures Loco dropped 21 cents, or 0.32%, to $65.89 a barrel by 0110 GMT on Wednesday. The international benchmark rose 1.2% to $66.10 a barrel on Tuesday. West Texas Intermediate (WTI) crude futures Cl fell 31 cents, or 0.51%, to $60.63 per barrel. “The sizzling oil market rally came to a grinding halt after an unexpected climb in the weekly U.S. crude inventory report,” said Stephen Innes, market strategist at Trader. However, he added “it’s unlikely to be a game-changer.” “Investors have transcended the trade deal inspired relief rally euphoria and are now banking on a fundamental demand-driven shift that could quicken the pace of the oil market re balancing in the first quarter of 2020.” U.S. crude inventories climbed 4.7 million barrels in the week to Dec. 13 to 452 million, compared with analysts’ expectations for a draw of 1.3 million barrels, data from industry group the American Petroleum Institute showed. API/S Inventory data from the U.S. Energy Information Administration (EIA) is due later on Wednesday. EIA/S

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Mtechtips MCX-SX GBPINR INTRADAY trading analysis 18-12-2019

Mtechtips MCX-SX GBPINR INTRADAY trading analysis 18-12-2019

MTECHTIPS Pound is strengthening against Indian Rupee in long- medium- short-medium- short- term .Currently Pound is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend .. The GBPINR is now trading in oversold level. The GBPINR is now trading in oversold level. The oscillator is showing BUY signal For short term Pound is in HOLD LONG position.Positionally Support for GBPINR is 92.95-92.42-90.76-89.84-89.3-88.79-.Resistance for the GBPINR is 94.17-Short term and Intraday Level of Pound with Rupee Currently GBPINR is in HOLD LONG position GBPINR is in profit booking mode so better sell and enter at lower level The oscillator is showing BUY signal

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