BASE METAL

copper
LME copper prices rallied Tuesday on monetary easing in China and hit a high of USD 5,072/mt before ending up USD 106/mt at USD 5,056/mt. The People’s Bank of China announced to cut interest rate and RRR Tuesday to help stabilize the volatile financial markets, driving up commodities prices. The PBOC raised central parity of the yuan against the US dollar by over 100, allowing the yuan to depreciate further. China’s zinc output will grow 9.8% to 6.40 million tonnes in 2015, while consumption is expected to be 6.55 million tonnes, growing more slowly at a 4.8% pace.

BULLION & ENERGY

CS GOLD (OCTOBER) OVERVIEW:
gold 1
TREND : BEARISH
RESIST 2: 27470
RESIST 1: 27370
SUP 1: 26690
SUP 2: 26450
STRATEGY: SELL ON RISE

CS SILVER (SEPTEMBER) OVERVIEW:
silver-1
TREND : BEARISH
RESIST 2:35600
RESIST 1:35450
SUP1:34230
SUP2:34000
STRATEGY : SELL ON RISE

CS CRUDE OIL (AUGUST) OVERVIEW:
crude oil
TREND :BEARISH
RESIST 2:2710
RESIST 1:2670
SUP1:2590
SUP2:2570
STRATEGY: SELL ON RISE
 
CS NATURAL GAS (AUGUST) OVERVIEW:
Natural-Gas
TREND :BEARISH
RESIST 2:182
RESIST 1:180
SUP1: 178
SUP2:177
STRATEGY: SELL ON RISE 
 
BASE METAL
base metals
TREND :BEARISH
RESIST 2:342
RESIST 1:338
SUP1:333
SUP2:331
STRATEGY: SELL ON RISE