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http://www.sapforex24.com {DAILY COMEX REPORT (June 1, 2016)}
GFGH
MCX
COMMODITY REPORT
DATE- April 28, 2016
COMMODITY NEWS
INFO@SAIPROFICIENT.COM +919981999934,
SUPPORT@SAIPROFICIENT.COM +919755855566
http://www.sapforex24.com {DAILY COMEX REPORT (June 1, 2016)}
COMMODITY NEWS
 U.S. stock futures pointed to a slightly higher open on Tuesday, as investors
returning from the long Memorial Day weekend awaited data that could back some
Federal Reserve officials' relatively optimistic views on the U.S. economy.
Elsewhere, European stock markets were marginally lower, but held near the prior
day’s one-month peak as investors digested key euro zone inflation data.
 Earlier, shares in Asia closed mostly higher, led by strong gains in China, where the
CSI 300 surged 4% and the Shanghai Composite advanced 3.5% as investors bet that
MSCI will add mainland shares to its index for the first time next month. Meanwhile,
the dollar index was little changed at 95.72, remaining within striking distance of
a more than two-month high of 95.95 struck in the previous session.
 The euro zone remained in deflation for a second straight month in May, although
prices fell by less than in April due to a slowdown in the decline of energy prices,
according to a first estimate from the EU's statistics agency.
 In a report, Euro stat said consumer price inflation fell by a seasonally adjusted
0.1% this month, in line with forecasts, and following a final reading of a 0.2% drop
in April. The data is seen as unlikely to push the European Central Bank to make any
changes to monetary policy when it meets on Thursday.
 Oil prices held near the $50-level on Tuesday, as market participants looked ahead
to a key meeting of major oil producers later this week. The Organization of the
Petroleum Exporting Countries will meet on Thursday in Vienna although no
dramatic announcement on a production cut is expected.
 Gold futures struggled near the lowest level in more than three months in European
trade on Tuesday, as investors returning from the long Memorial Day weekend
awaited data that could back some Federal Reserve officials' relatively optimistic
views on the U.S. economy.
MARKET OUTLOOK (Wednesday, June 1)
o The American Petroleum Institute, an industry group, is to publish its
weekly report on U.S. oil supplies.
o China is to publish its official manufacturing and non-manufacturing
PMIs and the Caixin manufacturing index.
o Later in the day, the U.S. Institute of Supply Management is to release
data on manufacturing activity.
http://www.sapforex24.com {DAILY COMEX REPORT (June 1, 2016)}
Oil prices fall on rising Middle East output
Technical outlook – Oil prices fell early on Wednesday as production from the
major Middle East exporters was expected to remain high or even increase just as concerns
over the state of China's economy weighed on its fuel demand outlook. Crude Oil prices are
consolidating around 48.85-49.20 levels. Momentum above 49.30 will see prices head for a
re-test of recent swing highs at 49.65 levels. Weakness below 48.20 will push prices lower
towards 47.85/47.40 levels.
SUMMARY
The primary trend of CRUDE OIL is bullish on daily charts and sustaining at higher levels.
CRUDE OIL found some support at 48.75 but it will remain above that level for long. If it
breaks high 49.75 next targets are 50.10 then 50.65.
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 bullish on charts for next day.
CRUDE OIL
TECHNICAL
LEVELS
PROPERTIES VALUES
Support 2 47.75
Support 1 48.30
Pivot Point 48.65
Resistance 1 49.00
Resistance 2 49.45
http://www.sapforex24.com {DAILY COMEX REPORT (June 1, 2016)}
“Gold prices gain after mixed China PMI data points to
concern”
Technical outlook:– Gold rose in Asia on Wednesday with investors
noting mixed China PMI estimates. MCX Gold prices have hit a fresh swing low of
28410 levels. We expect the counter to correct further until prices enter its support zones
between 28300—28250 zones. Intraday pullback rallies will face resistance between
28600—28650 zones. The counter is likely to move into consolidation over the coming
sessions.
SUMMARY
The primary trend of GOLD is bullish on daily charts and sustaining at lower levels. The
metal has an immediate resistance at 1218/1228 and 1245 Mean while, the support
stands at 1207 below which doors could open for 1198.
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 bearish on charts for next day.
TECHNICAL
LEVELS
PROPERTIES VALUES
Support 2 1198
Support 1 1207
Pivot Point 1213
Resistance 1 1217
Resistance 2 1225
GOLD
http://www.sapforex24.com {DAILY COMEX REPORT (June 1, 2016)}
SAPFOREX 24
COMMODITY R2 R1 PIVOT S1 S2 TREND
GOLD 1223 1217 1213 1207 1198 BEARISH
CRUDEOIL 50.30 49.95 49.65 49.35 48.80 BULLISH
SILVER 16.65 16.30 15.96 15.75 15.45 BULLISH
NATURAL GAS 2.370 2.335 2.298 2.250 1.205 BULLISH
COPPER 2.0655 2.0620 2.0583 2.0555 2.0515 BEARISH
http://www.sapforex24.com {DAILY COMEX REPORT (June 1, 2016)}
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
CURRENCY NEWS
 Italy's economy grew in the first quarter at the pace as estimated earlier, revised
data from ISTAT showed Tuesday. Gross domestic product rose 0.3 percent from the
fourth quarter of last year, when the economy grew 0.2 percent. Compared to the
same period a year ago, the economy expanded 1 percent after 1.1 percent growth
in the previous quarter. The Italian economy expanded for a fifth quarter in a row.
 EUR/USD 200-day moving average as support - in place. However, there were a few
provocative moves to whet traders appetites this past session. Global equities
marked a slow advance Monday with after-hours trading pushing the S&P
500derivatives closer to the range and record highs frequented over the past 12
months.
 It was the USD/JPY though that managed a technical break on a closely watched
channel top that drew greater attention from the FX crowd. If we operated on
technical in a vacuum, this may all the catalyst necessary. Yet, conviction and the
market depth necessary to carry such a move forward is crucial for follow through -
and there is little profit to be made on a breakout without follow through.
 According to a survey of more than 12,710 customers released Wednesday by the
American Customer Satisfaction Index, Mediacom — a cable, internet and phone
company that serves over ,5 communities across America and says it’s the
eighth largest cable company in the U.S. based on video subscribers — gets a
customer satisfaction score of just 54 out of 100 for its subscription TV services.
 The dollar took a step back from a two-month high against a basket of major
currencies on Wednesday after a mixed bag of U.S. economic data slightly tempered
expectations of a near-term Federal Reserve rate hike.
 The British pound was vulnerable after having suffered its biggest fall in more than
two months the previous day as two opinion polls showed a shift among British
voters towards leaving the European Union.
Market outlook (Wednesday, June 1)
 China is to publish official data on manufacturing and service sector activity, as well
as the private sector Caixin manufacturing index.
 Australia is to release data on first quarter economic growth.
 The U.K. is to release data on manufacturing activity.
 In the U.S., the Institute of Supply Management is to report on manufacturing
activity.
Yen supported from all sides
Technical Outlook:- Valeria Bednarik, chief analyst at FX Street explained that the
USD/JPY pair turned south as fast as it previously advanced, erasing all of its Monday gains
and extending down to a fresh weekly low of 110.51 where it stands by the end of the US
session. The pair was rejected from a sharply bearish 100 DMA, having reached it earlier
this week for the first time since mid January, which suggests the long term risk remains
towards the downside.
SUMMARY
The primary trend of USD/JPY is Bearish on daily charts and past few trading session
prices are sustaining at lower levels. USD/JPY found some support at 111.05, but it will
remain above that level for long. If it breaks low 110.45 next targets are 110, then
109.50.
INDICATORS
RSI is sustaining near in buying 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.
STRATERGY
USD/JPY is looking BULLISH on charts for next day.
USD/JPY
TECHNICAL
LEVELS
PROPERTIES VALUES
Support 2 109.85
Support 1 110.25
Pivot Point 110.65
Resistance 1 111.05
Resistance 2 111.65
Aussie jumps on better than expected
GDP data
Technical Outlook: - The Aussie jumped Wednesday on better than expected GDP
data and China PMI data that were mixed. Australia's gross domestic product expanded a
seasonally adjusted 3.1 percent on year in the first quarter of 2016, the Australian Bureau
of Statistics said on Wednesday. On a quarterly basis, GDP grew 1.1 percent - also beating
expectations for 0.8 percent and up from 0.6 percent in the three months prior.
SUMMARY
The primary trend of AUD/USD is Bearish on daily charts and past few trading session
prices are sustaining at lower levels. AUD/USD found some support at 0.7255, but it will
remain above that level for long. If it breaks high 0.7305 next targets are 0.7335, then
0.7385.
INDICATORS
RSI is sustaining near in buying 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.
STRATERGY
AUD/USD is looking Bullish on charts for next day.
TECHNICAL
LEVELS
PROPERTIES VALUES
Support 2 0.7175
Support 1 0.7240
Pivot Point 0.7275
Resistance 1 0.7305
Resistance 2 0.7345
AUD/USD
SAPFOREX 24
PAIR R2 R1 PIVOT S1 S2 TREND
EURUSD 1.1199 1.1165 1.1120 1.1095 1.1045 BEARISH
USDJPY 111.85 111.35 110.55 110.10 109.80 BULLISH
GBPUSD 1.4685 1.4630 1.4485 1.4435 1.4390 BULLISH
AUDUSD 0.7340 0.7305 0.7274 0.7245 0.7185 BEARISH
USDCAD 1.3145 1.3100 1.3065 1.3025 1.2980 BULLISH
USDCHF 1.0010 0.9975 0.9940 0.9895 0.9845 BULLISH
NZDUSD 0.6855 0.6810 0.6785 0.6755 0.6710 BEARISH
Forex & comex daily report 1 june 16

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Forex & comex daily report 1 june 16

  • 1. http://www.sapforex24.com {DAILY COMEX REPORT (June 1, 2016)} GFGH MCX COMMODITY REPORT DATE- April 28, 2016 COMMODITY NEWS INFO@SAIPROFICIENT.COM +919981999934, SUPPORT@SAIPROFICIENT.COM +919755855566
  • 2. http://www.sapforex24.com {DAILY COMEX REPORT (June 1, 2016)} COMMODITY NEWS  U.S. stock futures pointed to a slightly higher open on Tuesday, as investors returning from the long Memorial Day weekend awaited data that could back some Federal Reserve officials' relatively optimistic views on the U.S. economy. Elsewhere, European stock markets were marginally lower, but held near the prior day’s one-month peak as investors digested key euro zone inflation data.  Earlier, shares in Asia closed mostly higher, led by strong gains in China, where the CSI 300 surged 4% and the Shanghai Composite advanced 3.5% as investors bet that MSCI will add mainland shares to its index for the first time next month. Meanwhile, the dollar index was little changed at 95.72, remaining within striking distance of a more than two-month high of 95.95 struck in the previous session.  The euro zone remained in deflation for a second straight month in May, although prices fell by less than in April due to a slowdown in the decline of energy prices, according to a first estimate from the EU's statistics agency.  In a report, Euro stat said consumer price inflation fell by a seasonally adjusted 0.1% this month, in line with forecasts, and following a final reading of a 0.2% drop in April. The data is seen as unlikely to push the European Central Bank to make any changes to monetary policy when it meets on Thursday.  Oil prices held near the $50-level on Tuesday, as market participants looked ahead to a key meeting of major oil producers later this week. The Organization of the Petroleum Exporting Countries will meet on Thursday in Vienna although no dramatic announcement on a production cut is expected.  Gold futures struggled near the lowest level in more than three months in European trade on Tuesday, as investors returning from the long Memorial Day weekend awaited data that could back some Federal Reserve officials' relatively optimistic views on the U.S. economy. MARKET OUTLOOK (Wednesday, June 1) o The American Petroleum Institute, an industry group, is to publish its weekly report on U.S. oil supplies. o China is to publish its official manufacturing and non-manufacturing PMIs and the Caixin manufacturing index. o Later in the day, the U.S. Institute of Supply Management is to release data on manufacturing activity.
  • 3. http://www.sapforex24.com {DAILY COMEX REPORT (June 1, 2016)} Oil prices fall on rising Middle East output Technical outlook – Oil prices fell early on Wednesday as production from the major Middle East exporters was expected to remain high or even increase just as concerns over the state of China's economy weighed on its fuel demand outlook. Crude Oil prices are consolidating around 48.85-49.20 levels. Momentum above 49.30 will see prices head for a re-test of recent swing highs at 49.65 levels. Weakness below 48.20 will push prices lower towards 47.85/47.40 levels. SUMMARY The primary trend of CRUDE OIL is bullish on daily charts and sustaining at higher levels. CRUDE OIL found some support at 48.75 but it will remain above that level for long. If it breaks high 49.75 next targets are 50.10 then 50.65. 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 bullish on charts for next day. CRUDE OIL TECHNICAL LEVELS PROPERTIES VALUES Support 2 47.75 Support 1 48.30 Pivot Point 48.65 Resistance 1 49.00 Resistance 2 49.45
  • 4. http://www.sapforex24.com {DAILY COMEX REPORT (June 1, 2016)} “Gold prices gain after mixed China PMI data points to concern” Technical outlook:– Gold rose in Asia on Wednesday with investors noting mixed China PMI estimates. MCX Gold prices have hit a fresh swing low of 28410 levels. We expect the counter to correct further until prices enter its support zones between 28300—28250 zones. Intraday pullback rallies will face resistance between 28600—28650 zones. The counter is likely to move into consolidation over the coming sessions. SUMMARY The primary trend of GOLD is bullish on daily charts and sustaining at lower levels. The metal has an immediate resistance at 1218/1228 and 1245 Mean while, the support stands at 1207 below which doors could open for 1198. 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 bearish on charts for next day. TECHNICAL LEVELS PROPERTIES VALUES Support 2 1198 Support 1 1207 Pivot Point 1213 Resistance 1 1217 Resistance 2 1225 GOLD
  • 5. http://www.sapforex24.com {DAILY COMEX REPORT (June 1, 2016)} SAPFOREX 24 COMMODITY R2 R1 PIVOT S1 S2 TREND GOLD 1223 1217 1213 1207 1198 BEARISH CRUDEOIL 50.30 49.95 49.65 49.35 48.80 BULLISH SILVER 16.65 16.30 15.96 15.75 15.45 BULLISH NATURAL GAS 2.370 2.335 2.298 2.250 1.205 BULLISH COPPER 2.0655 2.0620 2.0583 2.0555 2.0515 BEARISH
  • 6. http://www.sapforex24.com {DAILY COMEX REPORT (June 1, 2016)} 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
  • 7.
  • 8. CURRENCY NEWS  Italy's economy grew in the first quarter at the pace as estimated earlier, revised data from ISTAT showed Tuesday. Gross domestic product rose 0.3 percent from the fourth quarter of last year, when the economy grew 0.2 percent. Compared to the same period a year ago, the economy expanded 1 percent after 1.1 percent growth in the previous quarter. The Italian economy expanded for a fifth quarter in a row.  EUR/USD 200-day moving average as support - in place. However, there were a few provocative moves to whet traders appetites this past session. Global equities marked a slow advance Monday with after-hours trading pushing the S&P 500derivatives closer to the range and record highs frequented over the past 12 months.  It was the USD/JPY though that managed a technical break on a closely watched channel top that drew greater attention from the FX crowd. If we operated on technical in a vacuum, this may all the catalyst necessary. Yet, conviction and the market depth necessary to carry such a move forward is crucial for follow through - and there is little profit to be made on a breakout without follow through.  According to a survey of more than 12,710 customers released Wednesday by the American Customer Satisfaction Index, Mediacom — a cable, internet and phone company that serves over ,5 communities across America and says it’s the eighth largest cable company in the U.S. based on video subscribers — gets a customer satisfaction score of just 54 out of 100 for its subscription TV services.  The dollar took a step back from a two-month high against a basket of major currencies on Wednesday after a mixed bag of U.S. economic data slightly tempered expectations of a near-term Federal Reserve rate hike.  The British pound was vulnerable after having suffered its biggest fall in more than two months the previous day as two opinion polls showed a shift among British voters towards leaving the European Union. Market outlook (Wednesday, June 1)  China is to publish official data on manufacturing and service sector activity, as well as the private sector Caixin manufacturing index.  Australia is to release data on first quarter economic growth.  The U.K. is to release data on manufacturing activity.  In the U.S., the Institute of Supply Management is to report on manufacturing activity.
  • 9. Yen supported from all sides Technical Outlook:- Valeria Bednarik, chief analyst at FX Street explained that the USD/JPY pair turned south as fast as it previously advanced, erasing all of its Monday gains and extending down to a fresh weekly low of 110.51 where it stands by the end of the US session. The pair was rejected from a sharply bearish 100 DMA, having reached it earlier this week for the first time since mid January, which suggests the long term risk remains towards the downside. SUMMARY The primary trend of USD/JPY is Bearish on daily charts and past few trading session prices are sustaining at lower levels. USD/JPY found some support at 111.05, but it will remain above that level for long. If it breaks low 110.45 next targets are 110, then 109.50. INDICATORS RSI is sustaining near in buying 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. STRATERGY USD/JPY is looking BULLISH on charts for next day. USD/JPY TECHNICAL LEVELS PROPERTIES VALUES Support 2 109.85 Support 1 110.25 Pivot Point 110.65 Resistance 1 111.05 Resistance 2 111.65
  • 10. Aussie jumps on better than expected GDP data Technical Outlook: - The Aussie jumped Wednesday on better than expected GDP data and China PMI data that were mixed. Australia's gross domestic product expanded a seasonally adjusted 3.1 percent on year in the first quarter of 2016, the Australian Bureau of Statistics said on Wednesday. On a quarterly basis, GDP grew 1.1 percent - also beating expectations for 0.8 percent and up from 0.6 percent in the three months prior. SUMMARY The primary trend of AUD/USD is Bearish on daily charts and past few trading session prices are sustaining at lower levels. AUD/USD found some support at 0.7255, but it will remain above that level for long. If it breaks high 0.7305 next targets are 0.7335, then 0.7385. INDICATORS RSI is sustaining near in buying 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. STRATERGY AUD/USD is looking Bullish on charts for next day. TECHNICAL LEVELS PROPERTIES VALUES Support 2 0.7175 Support 1 0.7240 Pivot Point 0.7275 Resistance 1 0.7305 Resistance 2 0.7345 AUD/USD
  • 11. SAPFOREX 24 PAIR R2 R1 PIVOT S1 S2 TREND EURUSD 1.1199 1.1165 1.1120 1.1095 1.1045 BEARISH USDJPY 111.85 111.35 110.55 110.10 109.80 BULLISH GBPUSD 1.4685 1.4630 1.4485 1.4435 1.4390 BULLISH AUDUSD 0.7340 0.7305 0.7274 0.7245 0.7185 BEARISH USDCAD 1.3145 1.3100 1.3065 1.3025 1.2980 BULLISH USDCHF 1.0010 0.9975 0.9940 0.9895 0.9845 BULLISH NZDUSD 0.6855 0.6810 0.6785 0.6755 0.6710 BEARISH