Forex and comex report 7 june 16

http://www.sapforex24.com {DAILY COMEX REPORT (June 7, 2016)}
GFGH
MCX
COMMODITY REPORT
DATE- April 28, 2016
COMMODITY NEWS
INFO@SAIPROFICIENT.COM +919981999934,
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COMMODITY NEWS
 Oil prices pushed higher in European trade on Monday, rebounding from the
prior session’s losses, with Brent futures reclaiming the key $50-level as
market players eyed supply disruptions in Nigeria.
 The Niger Delta Avengers militant group has claimed responsibility for three
new attacks on Nigeria's oil infrastructure over the weekend, promising to cut
production to zero.
 The U.S. economy added just 38,000 jobs in May, the smallest gain since
September 2010 and far below expectations for an increase of 164,000. The
economy created 123,000 jobs in April, whose figure was revised from a
previously gain of 160,000, the Labor Department said Friday.
 Gold on June 6 held below an almost two-week high as traders awaited a
speech from Federal Reserve Chair Janet Yellen after US jobs data dashed
speculation that interest rates would increase soon. Gold lost 0.3 percent to
USD 1,241.10 an ounce. It jumped 2.7 percent on Friday and is up 17 percent
this year.
 Asian spreads for 180 and 380-centistoke fuel oil were unchanged on Monday,
close to the 2016 low hit last week due to plentiful supplies, traders said.
Spreads for 180-cst held at minus $3.75 a tonne and minus $4 per tonne on the
Intercontinental Exchange (ICE).
 Price action in Copper climbed to its highest point since last four weeks.
Unexpected miss in May’s US jobs data pushed back expectations of FED rate
hike. MCX copper followed the same route. Technically, Price action is testing the
important resistance level at 2.125 again.
 Silver futures for July delivery tacked on 13.5 cents, or 0.82%, to trade at $16.50 a
troy ounce during morning hours in London, while copper futures inched up 1.7
cents, or 0.8%, to $2.130 a pound.
Market Outlook (Tuesday, June 7)
 The American Petroleum Institute, an industry group, is to publish its weekly
report on U.S. oil supplies.
 The Reserve Bank of Australia will publish its interest rate decision.
 The U.S. is to release revised data on nonfarm productivity and unit labor costs.

“Gold holds below 2 week high as eyes on Yellen after jobs data”
Technical outlook:– Gold futures rose to a two-week high in North American trade
on Monday, as market players looked ahead to a highly anticipated speech by Federal Reserve
Chair Janet Yellen later in the session for further clues on the timing of the next U.S. rate hike.
The Fed chief is due to speak about the U.S. economic outlook and monetary policy at the
World Affairs Council of Philadelphia.
Resistance2 Resistance1 Pivot point Support1 Support 2
1265 1250 1243 1233 1223
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

“Nigeria sabotage push up oil prices”
Technical outlook – Brent crude oil prices rose to a fresh seven-month high on
Monday, lifted by a fall in the dollar that could spur demand just as attacks on Nigerian oil
infrastructure tighten supplies, but signs of recovering U.S. output capped gains. A weaker
dollar supports fuel demand in the rest of the world as it makes dollar-traded oil imports
cheaper.
Resistance2 Resistance1 Pivot point Support1 Support 2
50.20 49.80 49.45 49.15 48.75
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
STRATEGY
CRUDE OIL is looking bullish on charts for next day.
CRUDE OIL

SAPFOREX 24
COMMODITY R2 R1 PIVOT S1 S2 TREND
GOLD 1265 1250 1243 1233 1220 BULLISH
CRUDEOIL 50.20 49.80 49.45 49.15 48.75 BULLISH
SILVER 16.95 16.60 16.35 16.05 15.65 BULLISH
NATURAL GAS 2.505 2.470 2.447 2.385 1.335 BULLISH
COPPER 2.1085 2.1050 2.1010 2.0910 2.0875 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 7, 2016)}

CURRENCY NEWS
 The dollar pushed higher on Monday, after falling to three-week lows against a
basket of currencies on Friday as a weaker than expected U.S. jobs report eroded
market expectations for a near term interest rate increase.
 The Australian and New Zealand dollars dropped against their U.S. counterpart on
Monday, as investors locked in profits after most currencies rallied against the
greenback on Friday following a disappointing U.S. employment report.
 The unemployment rate fell to 4.7% from 5% in April as more people dropped out
of the labor force. The weak data cast doubts over the prospects for a rate hike by
the Federal Reserve in the coming months and sparked renewed concerns over
slowing global growth.
 The RBA's latest interest rate decision is due on Tuesday at 4:30GMT, or 12:30AM
ET. Most economists expect no policy change, after the central bank surprised with
a 25 basis point rate cut at its previous meeting to a historic low of 1.75% in an
effort to boost inflation and spur economic activity.
 U.S. Treasury Secretary Jack Lew warned China about its industrial policies and a
law that regulates foreign nonprofit groups, as the two governments opened
annual wide-ranging security and economic policy discussions.
 Lew, at the start of Monday’s conference, said China’s excess industrial capacity
and its new law to manage foreign nongovernment organizations could both
interfere with global markets and China’s economic progress. Secretary of State
John Kerry echoed concern about the NGO law, which grants police authority to
supervise the foreign groups.
 Philippine's consumer price inflation accelerated in May after remaining stable in
the previous month, figures from the Philippine Statistics Authority showed
Tuesday. The consumer price index rose 1.6 percent year-over-year in May, faster
than the 1.1 percent increase in April. Economists had expected a 1.3 percent spike
for the month.
Market Outlook (Tuesday, June 7)
 The Reserve Bank of Australia is to announce its benchmark interest
rate and publish its rate statement, which outlines economic conditions
and the factors affecting the monetary policy decision.
 The Swiss National Bank is to publish data on foreign currency reserves.

“NZD/USD off session low but still weak at 0.6930”
Technical Outlook: - The NZD/USD pair has managed to recover from an early dip
to 0.6900 handle to currently trade near 0.6930 amid thin liquidity on the back of New-
Zealand bank holiday in observance of the Queen’s Birthday. The pair last week registered
a remarkable recovery from nearly two-month low level of 0.6675 and surged to one-
month high level of 0.6960 on disappointing headline NFP and ISM non-manufacturing PMI
numbers from the US.
SUMMARY
The primary trend of NZD/USD is Bearish on daily charts and past few trading session
prices are sustaining at lower levels. NZD/USD found some support at 0.6910, but it will
remain above that level for long. If it breaks low 0.6870 next targets are 0.6840, then
0.6785.
INDICATORS
STRATERGY
NZD/USD is looking BULLISH on charts for next day.
NZD/USD
TECHNICAL
LEVELS
PROPERTIES VALUES
Support 2 0.6810
Support 1 0.6865
Pivot Point 0.6915
Resistance 1 0.6965
Resistance 2 0.7010

“EUR/USD struggling to regain 1.1370”
Technical Outlook: - The recovery in the EUR/USD pair stalled near 1.1365
region over the last hour, and the major now consolidates in a narrow range, finding
support from upbeat Euro zone datasets. Currently, EUR/USD trades -0.04% lower at
1.1361, having posted session highs at 1.1364 in the last hour. The main currency pair
recovered most losses and now trades modestly flat in the European morning, as the EUR
finds fresh impetus from above estimates Euro zone Sentix investors’ confidence and retail
PMI data.
SUMMARY
In terms of technical, the pair finds the immediate resistance 1.1372/77 (Daily high/ 3-
week tops). A break beyond the last, doors will open for a test of 1.1400 (round number)
on the flip side, the immediate support is placed at 1.1306 (50-DMA) below which at
1.1281 (5-DMA & May 13 Low) could be tested.
INDICATORS
STRATERGY
EUR/USD is looking Bullish on charts for next day.
TECHNICAL
LEVELS
PROPERTIES VALUES
Support 2 1.1285
Support 1 1.1320
Pivot Point 1.1355
Resistance 1 1.1385
Resistance 2 1.1420
EUR/USD

SAPFOREX 24
PAIR R2 R1 PIVOT S1 S2 TREND
EURUSD 1.1440 1.1385 1.1355 1.1310 1.1275 BULLISH
USDJPY 108.55 108.05 107.75 107.35 106.75 BEARISH
GBPUSD 1.4685 1.4640 1.4590 1.4540 1.4495 BULLISH
AUDUSD 0.7450 0.7395 0.7365 0.7325 0.7285 BULLISH
USDCAD 1.2930 1.2880 1.2835 1.2805 1.2765 BEARISH
USDCHF 0.9795 0.9755 0.9710 0.9685 0.9650 BEARISH
NZDUSD 0.7010 0.6960 0.6919 0.6910 0.6860 BEARISH

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 report 7 june 16

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