MCX Zinc Call Rocking Ultimate Target 10 Point Almost Hit 205 To 194.85
Zinc Target Today
Commodities Weekly Research Report Prediction and Forecast 25-06-18 To 29-06-18
Trend Sideways ⇒ Sell Gold MCX Between 30820 – 30920, Stop Loss (CBSL) – 31244 Target – 30430 ↔ 30280 ↔ 30080
Trend Sideways ⇒ Sell Silver MCX Between 40350 – 40450, Stop Loss (CBSL) – 41220, Target – 39443 ↔ 38920
Crude Oil Bounces as OPEC Adopts Underwhelming Production Increase
Gold Silver Reports (GSR) – Crude Oil jumped the most since late 2016 after OPEC adopted a smaller-than-expected production increase. – Futures advanced 4.6 percent in New York on Friday to close above $68 a barrel for the first time this month. Although the OPEC-led group of 24 major oil producers approved a 1 million barrel boost to daily output, several cartel members said the actual increase will only reach 700,000 because some nations are incapable of pumping more crude.
OPEC Reaches Deal to Raise Oil Output From July Onward
OPEC Reaches Deal to Raise Oil Output From July Onward – OPEC Is Said to Have Deal in Principle With Iran for Output Hike – West Texas Intermediate (WTI), futures on NYMEX, finds a temporary support near $62.00 during Wednesday’s Asian session after sliding almost 4.40% in last two trading days. The Oil price gets a provisional relief after the OPEC+ denied speculation regarding the announcement of a multi-fold hike in Oil production in its upcoming meeting on Sunday.
OPEC Nears Deal on Oil-Supply Boost After Saudi-Iran Talks
Gold Silver Reports (GSR) – Iranian Oil Minister Bijan Namdar Zanganeh said he had a good meeting with his Saudi counterpart in Vienna on Friday and he wasn’t feeling pessimistic about the possibility for a compromise — a reversal of his position on Thursday night. After a tumultuous few weeks that have whipsawed crude markets, his comments suggested oil consumers from the U.S. to India and China could soon find some relief from high prices.
Commodities Weekly Research Report Prediction and Forecast 18-06-18 To 22-06-18
Trend Sideways ⇒ Sell Gold MCX Between 31250 – 31350, Stop Loss (CBSL) – 30610 Target – 30830 ↔ 30820 ↔ 30580
Trend Sideways ⇒ Sell Silver MCX Between 40750 – 40950, Stop Loss (CBSL) – 41786, Target – 39733 ↔ 39240
Monsoon Could Push Gold Price Higher As Rural Demand Picks Up. Where Is Gold Headed To?
Gold Silver Reports (GSR) – Wondering where gold prices are headed to? In the past many weeks, gold prices have been stuck in a narrow range. In the international market, gold prices have been in the range of $1,290 to $1,350 per ounce since April. Domestic gold prices have also displayed a similar trend. Gold prices in Delhi have been around Rs. 32,000 per 10 grams (24 carat) during this period. Are gold prices expected to break the current trend anytime soon? NDTV here brings to you what experts think about the current trend in gold prices.