Ripples Advisory Pvt. Ltd . Daily Commodity Report 1st February 2018

Energy


Oil extends gains on robust OPEC compliance

U.S. oil prices extended modest gains on Thursday as OPEC's strong compliance with a supply reduction pact offset news

Bullions
Gold Prices Gain In Asia As Fed Views On Economy Seen More Upbeat

Gold prices gained in Asia on Thursday as investors parsed the Fed language for signs of a more hawkish view on rate hikes in 2018.

Currency
Dollar holds gains after Fed, looks to data for more impetus

The dollar kept modest gains against its peers on Thursday after the Federal Reserve signaled its confidence about inflation and growth in the world's biggest economy.

Base Metals
London metal prices flat, global manufacturing growth supports

London copper traded flat on Thursday, supported by optimism over the outlook for global manufacturing.

Agri Commodity
Pepper moves up on supply squeeze

Spot pepper prices moved up further on Wednesday on the tight availability of the indigenous produce in the primary markets.

Sugar steadies in routine trade

Sugar market ruled steady on Wednesday. At Vashi, prices were 5-7 a quintal higher or lower

PIVOT TABLES

SCRIP                    S2                    S1                        R1                      R2                 STRATEGY

GOLD                      29820             29820               30050                   30150          BUY ON DIPS

SILVER                    39050             39200              39420                   39550           BUY ON DIPS

CRUDE OIL            4040                  4080               4135                    4155            BUY ON DIPS


SELL NATURAL GAS BELOW 189 TGT 186/181 SL ABOVE 193

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