COMEX TRADING SIGNALS AND MARKET NEWS – 19 APRIL 2016

Universal COMMODITY NEWS :

Silver costs dove by Rs 195 to Rs 38,312 for each kg in fates exchange today as examiners chop down their wagers, taking powerless signs from worldwide market.At the Multi Commodity Exchange, silver costs for conveyance in May exchanged forcefully bring down by Rs 195, or 0.51%, to Rs 38,312 for every kg, in a business turnover of 354 lots.Similarly, the white metal costs for conveyance in far-month July drooped by Rs 167, or 0.43%, to Rs 38,900 for each kg, in a business volume of 10 parts.

Gold costs ascended on Monday, lightened by expanded financial specialist interest for place of refuge resources as oil costs tumbled following a weekend meeting of real makers finished without a concurrence on reducing production.U.S. gold prospects for June conveyance were up 0.34% at $1,238.6 an ounce by 0945 GMT.

Unrefined petroleum costs dove in Asia on Monday as significant oil makers accumulated in Doha, Qatar fizzled at the weekend to achieve a consent to solidify production.The makers—Saudi Arabia, Russia, Kuwait, and other OPEC individuals, however excluding Iran—met the vast majority of the day but rather separated toward night without an arrangement. Saudi Arabia had demanded there could be no understanding unless Iran solidified creation, as well.

ECONOMY NEWS :

The mission head of Greece’s moneylenders are set to resume talks in Athens after advancement made as of late towards finishing up a survey of Greek changes, the European Commission said on Monday.”Following productive talks in Washington, the mission boss are coming back to Athens today and tomorrow. The point of the mission stays to finish up the principal audit of the system at the earliest opportunity,” a Commission representative told a news meeting in Brussels.

China’s pioneers sound more certain that the world’s second-biggest economy has captured a slide in development to quarter-century lows, however their strategy guides alert it is too soon to call a conclusion to a cycle of facilitating that started in 2014.Signs the economy is getting give the national bank space to keep its arrangement powder dry for the time being so it has the ammo later to adapt to any conceivable stuns from household financial rebuilding and expected U.S. rate rises, the approach insiders said.

Tokyo is staying with arrangements to raise the business charge one year from now, excepting a budgetary emergency or a noteworthy common calamity, Prime Minister Shinzo Abe said on Monday, without saying whether two savage shakes in southern Japan qualified accordingly as disaster.The tremors on the southern island of Kyushu on Thursday and Saturday have created no less than 42 passings and upset generation at real producers including Toyota Motor Corp (T:7203) and Sony Corp (T:6758).

Exchanging STRATEGY :

  • Purchase GOLD ABOVE 1240 TGT 1245 1251 SL BELOW 1234
  • Offer GOLD BELOW 1230 TGT 1225 1219 SL ABOVE 1236

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