Forex and comex daily report 20 june 16

http://www.sapforex24.com {DAILY COMEX REPORT (June20, 2016)}
GFGH
MCX
COMMODITY REPORT
DATE- April 28, 2016
COMMODITY NEWS
INFO@SAIPROFICIENT.COM +919981999934,
SUPPORT@SAIPROFICIENT.COM +919755855566

COMMODITY NEWS:-
 As investor risk appetite recovered slightly on Friday and the dollar traded lower,
oil managed to pare what was on track to be its largest weekly loss in more than two
months, rising for the first time in seven days.
 Investors looked ahead to oilfield services provider Baker Hughes’ data on
the number of rigs drilling for oil in the U.S.
 The number increased by three last week to 328, the second straight weekly rise,
fueling speculation that domestic production could be on the verge of rebounding in
the weeks ahead, underlining worries over a supply glut.
 The safe-haven yellow metal reached a 23-month peak at $1,316.40 on Thursday, as
risk aversion rose. However, gold futures moved lower on Friday as traders opted to
take profit and bearish sentiment on riskier assets took a breather. Futures were
likely to find support at $1,273.0, the low of June 13
 Gold retreated from 22-month highs on Friday amid heavy profit taking, as officials
suspended Brexit campaigning for a second consecutive day following the tragic
death of a Parliament member, throwing next week's closely-watched referendum
into limbo.
 On the Comex division of the New York Mercantile Exchange, Gold for August
delivery traded in a broad range between $1,279.50 and $1,299.15 an ounce before
settling at $1,293.45, down $4.95 or 0.39% on the session. It came one session after
Gold surged nearly 2% to eclipse $1,310 an ounce, hitting its highest level since
August, 2014.
 With the mild losses, Gold halted a streak of seven-day winning streak. The precious
metal has still surged more than 21% since the start of the year and is on pace for its
strongest first half in more than a decade.
 New residential construction in the U.S. saw a modest decrease in the month of May,
according to a report released by the Commerce Department on Friday. The report
said housing starts edged down by 0.3 percent to an annual rate of 1.164 million in
May from the revised April estimate of 1.167 million. Economists had expected
housing starts to dip to a rate of 1.150 million from the 1.172 million originally
reported for the previous month.

“Gold rises on weak dollar, set for third week of gain”
Technical outlook:– Gold rose more than 1 percent on Friday, supported by a softer
dollar and cautious interest rate comments by a voting U.S. Federal Reserve policy member,
and was headed for a third week of gains. The U.S. dollar .DXY made its biggest drop against a
basket of major currencies in two weeks, making dollar-denominated assets such as gold
cheaper for holders of other currencies.
Resistance2 Resistance1 Pivot point Support1 Support 2
1316 1306 1297 1288 1269
INDICATORS
RSI is sustaining near in selling territory, supporting the upcoming upward trend in the
pair. In MACD Prices are sustaining in the buying territory, support the upper side
movement in the market.
STRATEGY
GOLD is looking bullish on charts for next day.
GOLD

“Oil rallies after Recent Plunge”
Technical outlook:- Crude oil futures surged higher Friday, as traders
found value after significant weekly losses. WTI oil for July was up $1 at $47.20 a
barrel, having plunged from a 10-month peak near $52. Oil prices rose in spite of data
showing U.S. energy firms adding oil rigs for a third week in a row, suggesting higher
production to come. Oil services firm Baker Hughes reported 9 rig additions this
week, the same as the week before and after the 3 rigs in the previous week.
Resistance2 Resistance1 Pivot point Support1 Support 2
48.95 48.45 47.85 47.35 46.75
INDICATORS
RSI is sustaining near in buying territory, supporting the upcoming upward trend in
the pair. In MACD Prices are sustaining in the upward territory, support the lower
side movement in the market.
STRATEGY
CRUDE OIL is looking bearish on charts for next day.
CRUDE OIL

SAPFOREX 24
PAIR R2 R1 PIVOT S1 S2 TREND
GOLD 1316 1306 1297 1288 1269 BULLISH
SILVER 18.45 17.75 17.44 16.85 16.35 BULLISH
CRUDEOIL 48.95 48.45 47.85 47.35 46.75 BEARISH
COPPER 2.0560 2.0455 2.0410 2.0385 2.0320 BEARSIH
NATURAL
GAS
2.0785 2.0735 2.0685 2.0645 2.0575 BULLISH

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.
Investment in COMEX has its own risks. 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. We, however, do not vouch for the accuracy or the completeness
thereof. This material is for personal information and we are not responsible for any loss incurred
based upon it & take no responsibility whatsoever for any financial profits or loss which may
arise from the recommendations above. The COMEX price projections shown are not necessarily
indicative of future price performance. The information herein, together with all estimates and
forecasts, can change without notice.
Sap forex24 does not purport to be an invitation or an offer to buy or sell any financial
instrument. Analyst or any person related to Sap forex24 might be holding positions in the
COMEX 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.
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.
Any surfing and reading of the information is the acceptance of this disclaimer.
All Rights Reserved.
DISCLAIMER

http://www.sapforex24.com {DAILY FOREX REPORT (JUNE 20, 2016)}

CURRENCY NEWS:-
 Both sides of the U.K.’s June 23 referendum on its membership in the European
Union (EU), generally referred to as Remain and Leave, agreed to suspend
campaigning for a second day on Friday out of respect for the memory of Jo Cox,
lawmaker of the British Labor Party.
 Cox, who formed part of the Remain campaign, was murdered on Thursday with
reports pointing to a man who yelled Britain first and then both stabbed and
shot her. Police had arrested a suspect and were continuing to investigate on
Friday. The campaign suspension in the U.K. did not stop International Monetary
Fund (IMF) chief Christine Lagarde from urging the British people to stay in the
EU on Friday, stating that its membership had made the U.K. a richer economy .
 In the never-ending story of financing for Greece, euro zone finance ministers
finally approved € . billion $ . billion in assistance for Athens as part of the
next bailout tranche.
 Officials gave the green light after Greece made what they considered to be
sufficient progress on reforms with the money expected to arrive in time for
Athens to meet two debt repayments due to the European Central Bank (ECB)
next week.
 International Monetary Fund Managing Director Christine Lagarde said Friday
the European Union membership helped the U.K. to transform into a dynamic and
vibrant economy and the country will continue to benefit by staying in the group.
 The U.K. benefited and will continue to be benefit from its membership in the
European Union, Lagarde said, a prepared text for a speech in Vienna showed.
The EU membership has made the U.K. a richer economy, but it has also made it a
more diverse, more exciting, and more creative country, she said.
 Belgium's consumer confidence rose for the first time in seven months in June,
survey data from the National Bank of Belgium showed Friday. The consumer
confidence rose to -6 from -8 in May, marking the first increase since December.
The reading was the highest in four months.
 The strengthening of consumer confidence is mainly due to a markedly less
pessimistic outlook among consumers regarding unemployment in Belgium, the
bank said.

“GBP/USD bounced high and tries to more high”
Technical Outlook:- GBP/USD rallied more than 1% on Friday, as momentum
surrounding the "Leave" campaign slowed for the time being after officials suspended
Brexit-related activities for a second straight day following the tragic murder of a British
Parliament member. The currency pair traded in a broad range between 1.4199 and
1.4388 before settling at 1.4207, up 1.10% on the session. With the sharp gains, the
Pound Sterling enjoyed its strongest one-day move against the dollar in more than a
month. At session-lows on Thursday, the pair tested 1.40, its lowest level since early-
March.
SUMMARY
The primary trend of GBP/USD is Bearish on daily charts and past few trading session
prices are sustaining at lower levels. GBP/USD found some support at 1.4315, but it will
remain above that level for long. If it breaks low 1.4255 next targets are 1.4050.
INDICATORS
RSI is sustaining near in buying territory, supporting the upcoming upward trend in the
STRATERGY
GBP/USD is looking bearish on charts for next day.
GBP/USD
TECHNICAL
LEVELS
PROPERTIES VALUES
Support 2 1.4255
Support 1 1.4315
Pivot Point 1.4355
Resistance 1 1.4385
Resistance 2 1.4445

“USD/CAD trades lower after U.S, Canadian data”
Technical Outlook: - The U.S. dollar moved lower against its Canadian
counterpart on Friday, after the release of mixed data from both the U.S. and Canada, as a
rebound in oil prices lent support to the commodity-related Canadian currency.
USD/CAD hit . during early U.S. trade, the pair’s lowest since Wednesday; the pair
subsequently consolidated at 1.2883, retreating 0.63%. The pair was likely to find support
at 1.2811, the low of June 14 and resistance at 1.3085, Thursday’s high and a two-week
high.
SUMMARY
The primary trend of USD/CAD is Bearish on daily charts and past few trading session
prices are sustaining at lower levels. USD/CAD found some support at 1.2850, but it will
remain above that level for long. If it breaks low 1.2830 next targets are 1.2755.
INDICATORS
RSI is sustaining near in buying territory, supporting the upcoming upward trend in the
STRATERGY
USD/CAD is looking Bearish on charts for next day.
TECHNICAL
LEVELS
PROPERTIES VALUES
Support 2 1.2785
Support 1 1.2840
Pivot Point 1.2870
Resistance 1 1.2920
Resistance 2 1.2965
USD/CAD

SAPFOREX 24
PAIR R2 R1 PIVOT S1 S2 TREND
EURUSD 1.1345 1.1295 1.1270 1.1230 1.1185 BEARISH
USDJPY 105.15 104.65 104.20 103.95 103.55 BEARISH
GBPUSD 1.4445 1.4385 1.4355 1.4315 1.4255 BULIISH
AUDUSD 0.7470 0.7435 0.7390 0.7350 0.7325 BULLISH
USDCAD 1.2965 1.2920 1.2880 1.2840 1.2785 BULLISH
USDCHF 0.9705 0.9655 0.9605 0.9590 0.9550 BEARISH
NZDUSD 0.7155 0.7120 0.7060 0.7010 0.6965 BULLISH

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.
Investment in currency has its own risks. 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. We, however, do not vouch for the accuracy or the
completeness thereof. This material is for personal information and we are not responsible
for any loss incurred based upon it & take no responsibility whatsoever for any financial
profits or loss which may arise from the recommendations above. The currency price
projections shown are not necessarily indicative of future price performance. The
information herein, together with all estimates and forecasts, can change without notice.
Sap forex24 does not purpose to be an invitation or an offer to buy or sell any financial
instrument. Analyst or any person related to Sap forex24 might be holding positions in the
currency 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.
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.
Any surfing and reading of the information is the acceptance of this disclaimer.
All Rights Reserved.
DISCLAIMER

Forex and comex daily report 20 june 16

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