Neal Bhai MFA Technical Analyst – MCX Silver Tips Below 40100 Only Sell, Silver MCX Trading Zone 39200-40100 – U.S. retail sales increased marginally in April as rising gasoline prices cut into discretionary spending, but consumer spending appeared on track to accelerate after slowing sharply in the first quarter. Federal Reserve Chair Jerome Powell’s top deputies are edging toward a clash that could shape the pace of interest-rate hikes in coming months, as well as how the Fed should prepare for and combat the next economic downturn.
Trading Tips
Commodities Weekly Research Report Forecast 07-05-18 To 11-05-18
Trend Up ⇒ Buy Gold MCX Between 30950 – 30850, Stop Loss (CBSL) – 30699 Target – 31280 ↔ 31680 ↔ 31840 (Any Panic Buy)
Trend Up ⇒ Buy Silver MCX Between 39100 – 38900, Stop Loss (CBSL) – 38333, Target – 40370 ↔ 40810 (Any Panic Buy)
Russia’s Wheat Crop Under Threat From Miserable Start to Spring
Gold Silver Reports (GSR) – Russia’s Wheat Crop Under Threat From Miserable Start to Spring – Cold weather in central areas and the Volga valley delayed the resumption of winter wheat growth by about two to three weeks compared with last year, according to the Institute for Agricultural Market Studies, or IKAR. Lingering snow has also given farmers in the world’s top exporter less time to sow spring crops, potentially leading to smaller-than-expected plantings.
U.S. Softens Stance on Rusal Sanctions; Aluminum Plunges
Gold Silver Reports (GSR) – U.S. Softens Stance on Rusal Sanctions; Aluminum Plunges – the first time, the U.S. Treasury discussed a path for lifting the sanctions on Rusal, saying it would provide relief if Oleg Deripaska relinquished control. It also extended the deadline for companies to wind down dealings with the Russian aluminum producer by almost five months.
Commodities Weekly Research Report Forecast 23-04-18 To 27-04-18
Trend Up ⇒ Buy Gold MCX Between 31050 – 30950, Stop Loss (CBSL) – 30699 Target – 31680 ↔ 30980 (Any Panic Buy)
Metals Gripped by Turmoil as Rusal’s Sanctions Fallout Spreads
Gold Silver Reports (GSR) – Metals Gripped by Turmoil as Rusal’s Sanctions Fallout Spreads — Consumers, manufacturers and traders are scrambling to secure supply cut off by Rusal, the largest aluminum producer outside China. Aluminum reached a six-year high and nickel jumped the most since 2009. Alumina, a raw material needed to make aluminum, notched a fresh record.
MCX Aluminium Market Report, April 18, 2018
Neal Bhai Reports (NBR) – MCX Aluminium Market Report – Aluminium on MCX settled up 1.53% at 159.15 gained in late session while prices dropped in the morning session took a breather but was expected to resume its rally as U.S. sanctions disrupt supplies from the world’s No. 2 producer Rusal.