Investment Tips

Copper futures ended higher on Friday. While London base metals rallied as disappointing US employment data was not enough to change investors’ overall bullish view of the US economy, and after China reported some progress in trade talks with the United States.   Copper futures for July delivery rose 0.2 percent to settle at $3.086 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange ended flat at $6,826 a metric ton.   Get Commodity Tips So Give A Missed Call @ 9039001060 And Like This Page >> Investment Visor .

Crude oil futures to their highest since November 2014, picking up 2.4% for the week, as rising worries over the economic crisis in Venezuela and possible new sanctions against Iran increased the potential for tighter global crude supplies and sent prices back to their highest settlement since late 2014. Venezuela and Iran are both members of the Organization of the Petroleum Exporting Countries. An OPEC survey conducted by S&P Global Platts showed Friday that the group’s crude production in April fell for a third straight month to a one-year low. It produced 32 million barrels a day last month, down 140,000 barrels a day from March, with the survey attributing the drop to Caracas falling output.    Benchmark crude oil futures for June delivery jumped by $1.29 or 1.90 percent to settle at $69.72 a barrel on the New York Mercantile Exchange. July Brent crude gained $1.25 or 1.70 percent to settle at $74.87 a barrel on London’s Intercontinental Exchange. ...

Wheat arrival in food grain state Punjab has crossed the 120 lakh tonnes mark this season, an official said here on Friday.    Progressive procurement of wheat by the state government agencies and the private traders is to the tune of 119.84 lakh tonnes out of the 120.30 lakh tonnes arrival in the mandis till May 3, an official spokesman of Punjab government said here on Friday.   Government agencies have procured 119.37 lakh tonnes of the wheat.    He claimed that over 88.1 lakh tonnes of wheat had been lifted from the grain markets so far.   Sangrur, Patiala and Ludhiana districts were leading in wheat arrival.   Get Commodity Tips So Give A Missed Call @ 9039001060 And Like This Page >> Investment Visor .

The World Gold Council, owner of the world's largest gold-backed exchange traded fund (ETF), is launching a new fund with a cut-price management fee to fend off rivals with lower charges, a source familiar with the matter.   The move is a sign that cost competition among gold ETFs is heating up after a price war in the much larger equities ETF sector slashed management fees. Gold ETFs allow buyers to invest in physical gold without having to buy and store the metal.   The council's SPDR Gold Trust , which launched in 2004 and trades using the ticker GLD, dominates the industry but its share of total bullion held by gold-backed funds has slipped below 50 percent from 75 percent at the start of the decade, Reuters data show.   Get Commodity Tips So Give A Missed Call @ 9039001060 And Like This Page >> Investment Visor .

Zinc trading range for the day is 196.3-207.9.   Zinc dropped tracking weakness in LME prices dropped 1.39% after sinking to $2,994, the lowest since Sept. 15 last year after treatment charges were agreed.   China’s zinc inventories in warehouses across Shanghai, Tianjin and Guangdong shrank 800 mt to 154,500 mt.   China has ordered three northern cities to stop approving new projects that would add to air pollution after they failed to meet air quality targets this past winter.   Warehouse stock for Zinc at LME was at 236775mt that is down by -225mt.   Get More Trading Tips So Click Here >> Commodity Tips And Give A Missed Call On @ 9039001060 And Like This Page >> Investment Visor .

Nickel trading range for the day is 904.5-957.9.   Nickel dropped on profit booking as the market fretted about the outcome of Sino-U.S. trade talks that would start later in Beijing.   LME nickel stocks, at their lowest since mid-2014 and Shanghai Futures Exchange nickel stocks near their lowest since November 2015, also illustrate the tightness.   The International Nickel Study Group last week nearly doubled its global nickel deficit forecast for 2018 to 117,000 tonnes.   Warehouse stock for Nickel at LME was at 315696mt that is up by 8934mt.   Get More Trading Tips So Click Here >> Commodity Tips And Give A Missed Call On @ 9039001060 And Like This Page >> Investment Visor .

The Indian rupee opened flat at 66.65 per dollar on Friday versus 66.64 Thursday.    Get More Trading Tips So Click Here >> Commodity Tips And Give A Missed Call On @ 9039001060 And Like This Page >> Investment Visor .

US stocks were mixed on Thursday, seesawing between positive and negative territory during the session as strong economic data offset disappointing earnings reports from several companies.   A sharp drop after the open had pushed the S&P 500 and the Dow Jones Industrial Average below their 200-day moving averages, a key technical indicator of longer-term momentum, but both indexes pared losses to rise back above those levels.   The Dow Jones Industrial Average rose 37.37 points, or 0.16 percent, to 23,962.35, the S&P 500 lost 3.97 points, or 0.15 percent, to 2,631.7 and the Nasdaq Composite dropped 3.73 points, or 0.05 percent, to 7,097.16.   Get More Trading Tips So Click Here >> Commodity Tips And Give A Missed Call On @ 9039001060 And Like This Page >> Investment Visor .

Natural gas trading range for the day is 181.9-189.7.   Natural gas remained under pressure as market players looked ahead to weekly data from the U.S. which is expected to show the first storage build of the injection season.   Total natural gas in storage currently stands at 1.281 trillion cubic feet (tcf), according to the U.S. Energy Information Administration.   That figure is 897 bcf, or around 41.2%, lower than levels at this time a year ago, and 527 bcf, or roughly 29.1%, below the five-year average for this time of year.   Record high domestic production levels have overshadowed the fact that stocks in storage are well below their seasonal averages for this time of year.   Get Commodity Tips So Give A Missed Call @ 9039001060 And Like This Page >> Investment Visor .

Crude oil trading range for the day is 4451-4561.   Crude oil prices settled higher despite data showing a build in crude oil and gasoline supplies for the second-straight week.   The U.S. EIA showing U.S. crude inventories jumped by 6.2 million barrels to 435.96 million barrels in the week to April 27, marking a 2018 high.   U.S. oil production also hit a fresh record of 10.62 million barrels per day (bpd), a jump of more than a quarter since mid-2016.   OPEC continues to over-deliver on its production cuts, with output falling further last month as the group nears its goal of rebalancing the oil market.   Get Commodity Tips So Give A Missed Call @ 9039001060 And Like This Page >> Investment Visor .

Oil prices fell early on Thursday, pulled down by a rise in U.S. crude inventories and record weekly U.S. production, which is countering efforts by producer cartel OPEC to cut supplies and prop up prices.    U.S. West Texas Intermediate (WTI) crude futures were down 28 cents, or 0.4 percent, at $67.65 per barrel at 0004 GMT.   Brent crude oil futures were at $73.04 per barrel, down 32 cents, or 0.4 percent, from their last close.   Prices were pulled down by a report from the U.S. Energy Information Administration (EIA) on Wednesday showing U.S. crude inventories jumped by 6.2 million barrels to 435.96 million barrels in the week to April 27, marking a 2018 high.   Get Commodity Tips So Give A Missed Call @ 9039001060 And Like This Page >> Investment Visor .

Crude oil futures edged higher on Wednesday after the IMF threatened to expel Venezuela over lack of transparency with its financials. The IMF said it has issued a declaration of censure against Venezuela for its failure to implement certain remedial measures and failure to comply with specific obligations.    The IMF said it called on Venezuela to adopt specific remedial measures and will meet again within 6 months to consider Venezuela’s progress in implementation. Meanwhile, U.S. crude oil inventories surged by much more than anticipated last week. The Energy Information Administration said U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 6.2 million barrels from the previous week.   Benchmark crude oil futures for June delivery jumped by 68 cents or 1 percent to settle at $ 67.93 a barrel on the New York Mercantile Exchange. July Brent crude gained 23 cents or 0.30 percent to settle at ...

Gold prices rose on Wednesday, ticking up from a four-month low hit in the previous session, as Chinese buyers returned to the market following the Labour Day holiday, while investors awaited cues on the U.S. monetary policy from a two-day Federal Reserve meeting.   Spot gold was up 0.5 percent at $1,310.30 per ounce at 0419 GMT. Gold fell to $1,301.51 in the previous session, its lowest since Dec. 29, 2017.   U.S. gold futures for June delivery rose 0.3 percent to $1,310.80 per ounce on Wednesday.   The Chinese are back from a long holiday and we're seeing some buying interest on the downside.   Get Daily Commodity Tips So Give A Missed Call @ 9039001060 And Like This Page >> Investment Visor .

Malaysian palm oil futures rose in early trade on Wednesday, in line for its first day of gains in seven, correcting from a sharp drop in the previous session and supported by a weaker ringgit.   Weakness in the ringgit, palm's currency of trade, typically makes the tropical oil cheaper for holders of foreign currencies, lending support to demand.   The ringgit weakened around noon on Wednesday to its lowest level against the dollar since March 1, and was last down 0.1 percent at 3.9250. It has steadily declined in the past month, and has lost 1.6 percent of its value since the start of April.   Get Daily Commodity Tips So Give A Missed Call @ 9039001060 And Like This Page >> Investment Visor .

The Indian rupee declined in the early trade on Wednesday. It has opened lower by 9 paise at 66.75 per dollar versus 66.66 Friday.   Rupee consolidated in the last couple of sessions but gained marginally after RBI announced that FPIs would be able to invest in shorter term maturity bonds. The Reserve Bank of India has clarified that foreign investors can also invest in treasury bills along with government securities of all maturities.   Investment by an FPI in corporate bonds with residual maturity of below one year is capped at 20% of that foreign investor’s total holding of corporate securities.   For the day, rupee is expected to quote in the range of 66.70 and 67.25, it added.    Get Daily Commodity Tips So Give A Missed Call @ 9039001060 And Like This Page >> Investment Visor .

The S&P 500 edged higher on Tuesday after comments from a Trump administration official on trade with China and the Mexican economy minister on the renegotiation of the North American Free Trade Agreement provided cause for optimism.   Mexican Economy Minister Ildefonso Guajardo said his country would respond to U.S. proposals on rules for automobiles under NAFTA next week and that a deal is likely if negotiators show enough creativity and flexibility.   Earlier, stocks came off the day's lows after US Trade Representative Robert Lighthizer said he did not desire to change China's economic system but wanted to limit the damage it causes to the United States and encourage more foreign competition.   Get Daily Commodity Tips So Give A Missed Call @ 9039001060 And Like This Page >> Investment Visor .

Oil prices extended gains on Tuesday, supported by comments from Israeli Prime Minister Benjamin Netanyahu that he was sure U.S. President Donald Trump would do "the right thing" in reviewing Iran's nuclear deal with western powers.    U.S. West Texas Intermediate crude for June delivery was up 24 cents, or 0.4 percent, at $68.81 a barrel by 0402 GMT, after settling up 47 cents on Monday.    London Brent crude for new July delivery was up 21 cents at $74.90. The June contract expired on Monday, settling up 53 cents at $75.17.   Trade was quiet in Asia as many markets including China, India and Singapore were closed for public holidays.   Get More Trading Tips So Click Here >> Commodity Tips And Give A Missed Call On @ 9039001060 And Like This Page >> Investment Visor .

In West Texas, rising oil prices are fueling a sharp economic upswing, lifting employment and pay to records, driving up spending at hotels, restaurants, and car dealerships, and raising the cost of housing and other essentials.    This parched patch of land, under which lie the largest oil-producing rock formations in the United States, is used to growth binges as well as the busts that always follow.   After a two-year crash, the price of crude began to recover in 2016 and pierced $60 a barrel early this year. But oil is still far cheaper than at the peak of the previous eight-year boom that began in 2006 North Dakota's Bakken oil patch and supercharged the city of Williston.   JOBS JUMP, TRUCK SALES SURGE, RENTS RISE   Oil companies are drilling wells faster, and putting more wells on a single site, using technology to find the best angles and depths to get the most out of each layer of shale.   ...