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Base Metal Commodity Update by CapitalVia

Base Metal Commodity Update by CapitalViaCopper prices dropped to their lowest level in two weeks on Friday due to intensifying concerns for metal demand from the property sector as Chinese builder warned of a possible bond default. Economic growth in China picked up slightly in the second quarter due to state stimulus measures.

Energy Commodity Update by CapitalVia

Energy Commodity Update by CapitalViaCrude futures soared last week on reports that a Malaysian Airlines was shot down over Ukraine not far from the Russian border, while weekly U. S. supply report also bolstered the commodity. Oil prices shot up as concerns began to build that the Russian-Ukraine conflict will escalate and disrupt the global flow of crude oil supported by Investors concern over developments in the Middle East as Israel announced start of a ground campaign in Gaza after 10 days of aerial and naval bombardments failed to stop Palestinian rocket attacks.

Precious Metal Commodity Update by CapitalVia

Precious Metal Commodity Update by CapitalViaGold prices rose sharply on Thursday after a Malaysian Airlines plane crashed in Ukraine amid reports the aircraft was shot down. Investors sought safe harbour in the yellow metal as the dollar slumped on concerns the Russian-Ukraine crisis will heat up anew and dampen U. S. Recovery but Gold futures slipped lower by end of the week, as traders locked-in profits after the precious metal's recent upward movement. The dollar had found support after Ms. Yellen said Tuesday that rates could rise sooner if the economic recovery continued to improve.

Equity Market Outlook by CapitalVia

Equity Market Outlook by CapitalViaWeek begun on positive note with the Indian Equity benchmark index Nifty Feb Fut opened at 6079.60  and traded with the same sentiments till the end of week's trading. This  positive move in nifty was led by FMCG, Bank, IT stocks. Nifty Feb Fut closed at 6161 up by  103 points and 30 share index Sensex closed at 20690.23.

Precious Metal Commodity Update by CapitalVia

Precious Metal Commodity Update by CapitalViaGold prices moved steady in this week, the prices were supported by the stronger Euro news the European Central Bank held off from loosening policy, where as better than expected U. S. jobless claims capped the prices of the metal.

There are sentiments in the market that harsh winter weather may  press economic indicators and no decrease  in demand have given the dollar some support and softened gold.

Energy Commodity Update by CapitalVia

Energy Commodity Update by CapitalViaCrude prices fluctuated between a small range as the investor remained outside the market to await the January jobs data in U. S.  Poor U. S. Manufacturing data released earlier in the week sparked concerns over a possible slowdown in the economic recovery that softened oil prices.

For the coming week 6044/5700 will act as major supports levels whereas 6170/6310  will act as major resistance in MCX Crude oil February futures. For the next week, trader can go for sell on higher level strategy, if MCX Crude February future sustain below 6050  then it could test the levels 5940/5790. 

Base Metal Commodity Update by CapitalVia

Base Metal Commodity Update by CapitalViaEuropean Central Bank policy statement as well as U S economic data on Thursday support the copper prices. Copper prices have been under heavy selling pressure in recent weeks as mounting concerns over the global economy dampened demand for growth-linked assets.

Equity Market Outlook by CapitalVia

Equity Market Outlook by CapitalViaWeek begun on red note with the Indian Equity benchmark index Nifty Feb Fut opened at 6087.35 and mad a low of 5957.25 after breaching of its previous major support level of 5980 in the intials of weeks trading and later showed some recovery to close at 6078.20 down by 9.15 points and 30 share index closed at 20376.56. Major Results this week were ACC, BHEL, Reliance Communication, Reliance Capital.

Base Metal Commodity Update by CapitalVia

CopperCopper prices moved in a range, as poor pending home sales data from US pushed the copper prices down. Chinese markets are shut till Feb 7th over Lunar new year.

Fed announcement of further bond tapering affected major emerging economies as fund would be withdrawn from the major emerging economies, and in-turn copper prices. We expect Copper prices to remain in a range to lower for the week over poor US Home Sales data. Other Base metals can follow copper and keep the prices in range to lower for the next week.

Energy Commodity Update by CapitalVia

Crude-OilUS Crude oil prices continued its range bound movement as positive data raised the hopes that Crude Oil prices can move higher. Strong household spending and robust exports kept the U. S. economy on solid ground in the fourth quarter.

Crude oil prices are expected to move lower for the week as stronger dollar internationally and lack of Chinese demand can put the pressure on crude oil prices.

Precious Metal Commodity Update by CapitalVia

Precious Metal Commodity Update by CapitalViaGold prices moved in range on Friday as stronger US GDP data and lack of demand due as Chinese markets are shut over Lunar New Year. The dollar strengthened and global equity markets rebounded after data showed the U. S. economy grew strongly in the last quarter of 2013.

Equity Market Outlook by CapitalVia

Equity Market Outlook by CapitalViaWeek begun on a red note with the Indian Equity benchmark index Nifty Jan Fut opened at 6195  Slight range bound movement due to  cautiousness , as all eyes were set on  RBI's 3rd quarter monetary policy review declared on tuesday, RBI completely surprised the D-Street by hiking the Repo Rate by 25bps to 8% . This also led the index for a downward swing. Major Results this week were ICICI bank, Syndicate Bank, Oriental Bank. Nifty Feb Fut closed at 6107 down by  169 points and 30 share index sensex closed at 20498

Base Metal Commodity Update by CapitalVia

Copper-PhotoCopper prices plunged to near six-weeks low after lower than expected from China triggering demand concerns from the world's biggest base metals consumers. "Rupee depreciation is supporting base metals prices on domestic front”.

However, sharp upside in the industrial metal prices may be capped on concerns of weak demand from China following poor manufacturing data and on speculation of subdued spot demand as world's second biggest economy will go on a week long holiday for Lunar New Year from Jan 31.

Energy Commodity Update by CapitalVia

Crude Oil Crude Oil prices were trading near three week highs on Friday, as snow storms in the U. S. boosted demand for heating oil and as upbeat U. S. data added to signs that the country's economic growth is accelerating.

Crude oil prices are expected to move higher for the week as strong demand and positive inventory can keep prices on higher side.

Precious Metal Commodity Update by CapitalVia

Gold PhotoGold prices rose slightly on Friday after weekly jobless claims data revealed the U. S. labour market still faces potholes along its road to recovery and will enjoy support from Federal Reserve stimulus programs and low interest rates for the foreseeable future.

Gold's move in the previous session was initially prompted by falling equities and news from major buyer India that the leader of the country's ruling party has asked the government to review tough import restrictions on Gold. Gold prices are expected to move in a range as strong dollar and positive US data can keep the prices in range.

Equity Market Outlook by CapitalVia

Equity Market Outlook by CapitalViaThe Indian Equity benchmark index Nifty retested the crucial 6,300 levels on week's last trading session and reversed back.  Nifty traded in red on the last trading session amid weak global cues Nifty Jan fut gave weekly closing on a flat note at  6277 and 30 share index sensex closed at 21141 with moderate gains.

Base Metal Commodity Update by CapitalVia

Base Metal Commodity Update by CapitalViaCopper prices moved lower on Friday as poor demand from China and stronger dollar initially pushed the prices further down. Indonesia's nickel production will decline by 84 percent this year to 9 million tonnes compared to last years.

We expect Copper prices to remain higher as positive US data along with physical demand can keep the prices in Bullish trend for copper. Other Base metals can keep the prices in range to higher for the week.

Energy Commodity Update by CapitalVia

Crude-Oil-PhotoUS Crude prices remained in a range, as lower inventories data on Wednesday and lower crude oil demand in US over chilling weather kept the prices in range. OPEC has lowered its oil output further and is pumping less than this year's global demand for its crude, the exporter group said on Thursday.

TransCanada Corp's Oklahoma-to-Texas Gulf Coast crude oil pipeline will begin commercial service next week at just over 300,000 barrels per day, less than half of its design capacity. Crude Oil prices are expected to move higher for the week as strong dollar and positive data from US can support the prices.

Precious Metal Commodity Update by CapitalVia

Precious Metal Commodity Update by CapitalViaGold prices remained in a range to down for the week. As the number of Americans filing new claims for unemployment benefits fell for the second consecutive week, suggesting a sharp step-down in job growth in December was likely to be temporary.

Equity Market Outlook by CapitalVia

Equity Market Outlook by CapitalViaThe Indian Equity benchmark index Nifty witnessed a stellar rally on the back of strong global cues and fall in inflation data which led hope that RBI will hold key interest rates. W PI inflation number fuel the upside momentum to lead nifty above 6300 mark.  Nifty Jan fut gave weekly closing in green at 6272 up by  92bps and 30 share index sensex closed at 21063 up by 312bps




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