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BULLIONS WEEKLY TECHNICAL LEVELS

Daily Commodity News letter
23rd February 2017
Tracking Market
Energy Commodity News
Feb 23/2017 Close AbsChange
Crude oil rises after report shows drop in stockpiles
GOLD 29208 -93 Oil futures rose nearly 1 percent on Thursday after data released by an industry group
showed a surprise decline in U.S. crude stocks as imports fell, lending support to the
SILVER 42713 -123 view that a global glut is ending.
CRUDE OIL 3601 -67 Bullions
Gold up in Asia despite Fed minutes showing rate hike in play
NATURAL GAS 174.90 +2.40 Gold prices gained in Asia on Thursday despite a strong signal from Fed minutes that a
COPPER 403.65 -1.60 rate hike sooner rather than later is on the cards.
Currency
NICKEL 716.50 -5.00 Dollar drifts as impact from Fed minutes and Mnuchin fade, Aussie slips
LEAD 152.50 +1.05
he dollar drifted on Thursday as impact from the Federal Reserve's policy meeting
minutes and supportive comments from a top U.S. official faded, while the Australian
ZINC 191.45 -0.55 dollar slipped in the wake of downbeat economic data.
Base Metals
ALUMINIUM 126.05 +0.65
London copper prices drifted lower on Thursday,
$ / Re. 66.87 -0.10 London copper prices drifted lower on Thursday, with the U.S. dollar firming as the
market reassessed minutes from the Federal Reserve's last policy meeting that kept
Light Sweet
Crude Oil
53.87 -0.34 the prospect of a March rate hike in play.
Agri Commodity
Gold $ / OZ- 1232 -4.00 Higher yields to spur grain output to new highs this year
Silver $ / OZ- 18.00 +0.05
After two drought years, food grain production for the current year (2016-17) is set for
a new high, surpassing the previous record of 2013-14, aided by a near-normal
monsoon across most parts of the country.
Positive indications on relaunch of chana futures: Samir Shah, MD, NCDEX
After a successful relaunch of the castor seed futures contract on its platform, the
(NCDEX) is gearing itself up for the rollout of options trading in agri commodities and
preparing to set up a global commodity exchange
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BULLIONS WEEKLY TECHNICAL LEVELS

PIVOT TABLES

SCRIP S2 S1 R1 R2 STRATEGY
GOLD 29071 29140 29311 29414 BUY ON DIPS
SILVER 42462 42588 42852 42990 BUY ON DIPS
CRUDE OIL 3542 3571 3646 3692 BUY ON DIPS
NATURALGAS 165.70 170.30 178.20 181.50 BUY ON DIPS
COPPER 398.50 401.20 405.40 407.20 SELL ON RISE
NICKEL 708.80 712.60 722.90 729.80 SELL ON RISE
LEAD 148.80 150.60 153.90 155.45 SELL ON RISE
ZINC 187.50 189.55 193.50 195.35 SELL ON RISE
ALUMINIUM 123.95 125.10 126.65 127.25 SELL ON RISE

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BULLIONS WEEKLY TECHNICAL LEVELS

CALL OF THE DAY

SELL NICKEL BELOW 710 TGT 695/670 SL ABOVE 725

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BULLIONS WEEKLY TECHNICAL LEVELS

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