If you are a Equity and Stock Trader then you have landed up at the right place. Join us and Feel the Difference. We provide profitable trading tips to our traders. Join Our Profitable Trading Services.
2. www.TheEquicom.com +919200009266
With the US adding just 16200 jobs in the
nonfarm sector, the futures of crude oil
closed lower on the Nymex on Friday. The
data stoked gold futures higher and pulled
the commodity out of a distress position
and helped it cross the $1300 mark.
“Earlier this week we saw economic data
that pointed towards a recovery, and that
coupled with a strong dollar kept gold
under pressure,” Tom Power, a senior
commodity broker at R.J. O’Brien &
Associates in Chicago said to Bloomberg.
Gold had gone below the crucial support of
$1300 following optimism about the US
economy.
Meanwhile data suggested that US
unemployment rate touched 7.4% in July,
according to US labor department.
However, the data was not enough to
propel crude oil futures further up even as
some profit booking too took place.
BULLION
3. www.TheEquicom.com +919200009266
Crude oil prices in the global market were seen
trading positive on strong manufacturing data
from Europe, the United States and China.
Also, Middle East tensions, disruption to crude
oil production in Africa and maintenance
activity in the North Sea were seen supporting
the crude oil prices to certain extent.
Concerns over supply disruptions in Iraq, Libya
and Nigeria were also supported the prices.
Brent crude oil futures traded above $110 per
barrel while US crude oil futures crossed $108
per barrel on Friday.
US crude oil futures for September delivery on
NYMEX were seen trading down by 0.19% at
$107.54 per barrel as of 05.41 PM IST on
Friday.
Meanwhile, the UK Market/CIPS Purchasing
Managers’ Index (PMI) for the construction
sector offers new hope that the UK economy is
improving. UK recorded a strongest
construction output growth since June 2010,
led by surge in housing activity.
ENERGY
4. www.TheEquicom.com +919200009266
The trend in copper futures for August
delivery on India's Multi Commodity
Exchange (MCX) is bullish and expected to
trade with the trend for the day, according to
our analyst at Commodity Online.
“For intra-day, support for the commodity is
seen at 425.05 and 422.25 levels while
resistance is seen at 432.65 and 434.35
levels,” said John Godson, Technical Analyst
at Commodity Online.
MCX copper futures for August delivery were
seen trading up by 1.14% at Rs.430.50 per
kilogram as of 16.38 IST on Friday.
Copper futures on Comex edged up on Friday
and is seen trading bullish supported by firm
global cues. Copper futures for September
delivery on Globex platform of Comex was
seen trading up by 0.63% at $ 3.185 per
pound as of 04.51 PM IST on Friday.
On Friday, copper touched to its peak level in
more than a week as data releases from the
United States, Europe and China shown a
positive review on their respective
economies.
BASEMETAL
15. www.TheEquicom.com +919200009266
Disclaimer
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not
accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits
them the most.
Sincere efforts have been made to present the right investment perspective. The information contained herein is based on
analysis and up on sources that we consider reliable.
This material is for personal information and based upon it & takes no responsibility
The information given herein should be treated as only factor, while making investment decision. The report does not
provide individually tailor-made investment advice. TheEquicom recommends that investors independently evaluate
particular investments and strategies, and encourages investors to seek the advice of a financial adviser. TheEquicom shall
not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules
and regulations of NSE and BSE.
The share price projections shown are not necessarily indicative of future price performance. The information herein,
together with all estimates and forecasts, can change without notice. Analyst or any person related to TheEquicom might be
holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at
his free will and does not read any views expressed as a recommendation for which either the site or its owners or
anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer.
All Rights Reserved.
Investment in Commodity and equity market has its own risks.
We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred
whatsoever for any financial profits or loss which may arise from the recommendations above. TheEquicom does not
purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or
anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone
which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.
