Uncertainty In Gold Price, As More Hike Expected In Bank Of Canada Signals Over Horizon

Gold Trading Alerts:

  • Gold costs may fall if BOC authorities indicate additionally rate climbs are likely ahead.
  • Raw petroleum costs are looking to API stock stream information following pullback

Gold costs were in for an unstable session. The metal started the day on edge as US markets returned in a cheery disposition after Monday’s vacation conclusion yet a vicious intraday inversion roused a quick recuperation that eradicated almost the greater part of the decay. The benchmark S&P 500 stock file touched a record high just to turn strongly lower, enduring its initially down day in three weeks.

From here, the spotlight swings to a money-related approach declaration from the Bank of Canada. Dealers appear to be persuaded that a rated climb is in store, estimating in its probability at near 90 percent. In the event that policymakers’ tone is hopeful and further fixing is by all accounts in the offing, markets might be roused to go after yielding to the detriment of non-enthusiasm bearing resources, influencing gold descending. Source

Gold Prices Echo US Dollar Weakness

Gold Trading Signals:

Gold costs ascend as the US Dollar neglects to gain by center swelling pickup

Crude Oil Cost discover quality in expansive based change in chance hunger

Gold costs pushed higher as the US Dollar neglected to gain by even as CPI information demonstrated center expansion out of the blue quickened in December. The result floated Treasury yields while the Fed rate climb viewpoint soaks yet the greenback’s current failure to discover quality in fixing wagers proceeded, with the counter fiat yellow metal getting a charge out of help by expansion.

In the interim, cycle-touchy raw petroleum costs progressed in the midst of an expansive change in advertise wide hazard hunger. In reality, the WTI benchmark telling followed the S&P 500 upward. US retail deals figures may have represented the jaunty inclination. While December’s figures printed extensively not surprisingly, solid upward amendments of November’s information made for a blushing picture. For sure, purchaser optional offers drove the way higher.

GOLD TECHNICAL ANALYSIS – Gold costs are trying protection at 1342.49, the 38.2% Fibonacci development, with a break over that uncovering 1353.03 (drift line from July 2016, half level). On the other hand, an inversion back beneath the 23.6% Fib at 1329.45 makes ready for a retest of the January 10 low at 1308.38.

Figures may have accounted for the chipper mood. While December’s figures printed broadly as expected, strong upward revisions of November’s data made for a rosy picture. Indeed, consumer-discretionary shares led the way higher.

API Inventory Data Push Crude Oil Prices Up

Crude Oil Trading Alerts 
Unrefined petroleum costs take off as API reports huge 11.2mb drop in US inventories

Gold costs pull back to run floor yet a persuading breakout still tricky

What are the powers driving long haul unrefined petroleum value patterns? Discover here

Unrefined petroleum costs surged as API detailed a monstrous drawdown of inventories, saying reserves shed 11.2 million barrels a week ago. Official EIA measurements due later today are required to demonstrate a much more humble 3.4 million barrel outpouring. In the event that the acknowledged outcome slashes nearer to the API projection, costs may discover the degree to keep fabricating upward.

Gold costs edged lower, burdened by a parallel surge in Treasury security yields and the US Dollar that undermined interest for non-enthusiasm bearing and hostile to fiat resources. The path forward is somewhat obfuscated be that as it may. A solitary impetus for yesterday’s turn was not promptly evident, making it hard to recognize scope for the finish. A clearer picture may develop after Friday’s arrival of US retail deals and CPI information.

Crude Oil TECHNICAL ANALYSIS – Crude oil costs punched above protection at 62.31, the 38.2%Fibonacci development, to uncover the half level at 64.32. A further push past those objectives the 61.8% Fib at 66.33. On the other hand, a move back underneath 62.31 – now recast as help – makes ready for a retest of the 23.6% development at 59.83 as help.

GOLD TECHNICAL ANALYSIS – Gold costs pulled back yet remained bolted inside a now-commonplace range over the $1300/oz figure. Negative RSI disparity keeps on notice of a bigger fixing in progress. A day by day close underneath the 61.8% Fibonacci retracement as 1311.34 uncovered the half level at 1297.08. On the other hand, a push over the 76.4% Fib at 1328.98 opens the entryway for a test of the September 8 high at 1357.50.

Gold Price Chart Hints at Topping as Crude Oil Eyes API, EIA Reports

Gold Trading Alerts:

Gold prices may continue to tread water until Friday’s top-tier US reports
Crude oil prices eyeing supply chain dynamics in API data, EIA forecasts
What do retail traders’ bets suggest about gold price trends? Find out here
Marquee commodities did not find sufficient inspiration for trend development on the first day of the trading week. Gold prices marked time, unmoved by the day’s offering of Fed-speak and seemingly waiting for Friday’s US inflation and retail sales data before committing one way or another. Crude oil prices edged up a bit but ultimately failed to sustain momentum as traders await API inventory flow data and monthly EIA report on short-term supply and demand trends.

Official figures from the US Department of Energy due Wednesday are expected to show raw-material storage shed 3.4 million barrels last week while gasoline stocks added 2.9 million. That will offer a benchmark for the API release. Supply chain dynamics have been more market-moving than individual readings lately. A small draw at the top relative to a big build at the bottom may hurt prices, for example.

GOLD PRICE CHART HINTS 1

GOLD TECHNICAL ANALYSIS – Gold prices continue to hover below four-month highs established last week, with negative RSI divergence hinting that a pullback may be brewing. A daily close below the 50% Fibonacci expansion at 1312.90 puts the 38.2% level at 1294.91 back in the crosshairs. Alternatively, a return to the offensive that takes prices above of the 61.8% Fibat 1330.89 exposes the 1353.15-57.50 area (76.4% Fib, September 8 high).

CRUDE OIL TECHNICAL ANALYSIS – Crude oil prices are struggling to build higher after rising to a 2.5-year high, with negative RSI divergence now warning a turn lower may be ahead. A drop back below the 23.6% Fibonacci expansion at 59.83 exposes the 14.6% expansion at 58.30 anew. Alternatively, a daily close above the 38.2% Fib at 62.31 targets the 50% expansion at 64.32.
Source

Prediction for crude oil in 2017 by commodity advisor

The Malaysia’s oil industry, which started out over a century ago, has flourished through the years to emerge as among the region’s most dynamic owners of oil & gas reserves, and a few of the world’s biggest producers of liquefied natural gasoline (LNG). Here we as a commodity advisor have come up with some predictions for crude oil prices in this year in Malaysia.

Commodity advisor’s prediction for crude oil:

Our analysts foresee a confined lowering bias for oil and gas shares, whose stock prices have seen a sturdy rally recently following the upward push in crude oil rates.

The deal to cut crude oil production by way of OPEC and Non-OPEC individuals boosted market sentiment with the easing of worries over the supply glut within the oil commodity market. Here are some estimation made by commodity advisor:

1.Oil price review:

Déjà vu 2016, Brent crude oil rates in 2016 had been unstable, buying and selling among the low of USD27.88pb in January to a high of USD55pb in December.

Shifting forward, we are expecting rates to remain volatile, averaging better at approximately USD50pb in 2017. No matter accords were reached to limit the supply of crude oil from OPEC member international locations, the real manufacturing cut stays to be seen – both Iran and Iraq were producing at record excessive at over 90% of their production ability. Similarly, the recently agreed manufacturing ceiling is handiest throughout six months and no company figures have been set, so commodity signals could be beneficial for trading crude oil and knowing exact price.

In 2017 however, the outlook remains rosier as CAPEX is anticipated to select up pace by means of a humble +2.8%. Locally, CAPEX from PETRONAS had been waning, just like trend. In 2016, PETRONAS’ CAPEX is expected to be at about RM45-50b, an extensive decline as compared with that of 2015 and 2014 at RM64.7b and RM71b respectively. In FY17, CAPEX via PETRONAS is expected to hover at tiers seen in 2016 as the majority of CAPEX could be dedicated towards speed in Pengerang, Johor. It’s better to opt commodity trading recommendations for getting proper information.

2. Target niche service providers:

All isn’t doom and gloom inside the oil and gas region as there are still opportunities exist, especially for asset mild and niche service providers or commodity advisors. We are bullish on such groups – Deleum Berhad and gasoline Malaysia Berhad. If you want to trade then it’s better to use commodity tips for knowing the best time and price.

3. Oil industry still offers attractive trading opportunities:

In line with the volatile moves inside the worldwide crude oil market, we are bad on asset-heavy groups with heavy reliance on upstream exploration and production motions but we remain highly qualitative with downstream related agencies. However, we advise investors to select stocks inside area of interest segments of the oil value chain with the use of crude oil trading signals.

How crude oil prices are affecting stock market? 

In starting of 2017, Brent crude has gained 0.37% or 21cents to US $57.10 a barrel.  Malaysia’s Petroleum National Bhd, a state-owned major oil industry has made a spontaneous adjustment to the production of its crude oil by up to 20,000 barrel per day.

Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) noticed the biggest rally among oil and gas shares rising 12.6% accompanied via Dayang organisation Holdings Bhd 11.2%, Petra strength Bhd 9.7%, Sapura Kencana Petroleum Bhd 8% and Alam Maritime sources Bhd 7.5%

Recovery in Crude oil will be advantageous for pure play exploration and manufacturing organizations consisting of Hibiscus Petroleum Bhd and integrated groups with oil production profile like SKPetro. But before investing in crude oil for better earnings it’s very important to prepare a crude oil trading strategy.

Bottom line:

In this, commodity advisors prediction of crude oil price there is various terms to be kept in mind and should have knowledge about for better results. This prediction by our analysts is based on deep studies and it could be beneficial for traders to earn more money this year.

Malaysia Airlines Bhd projects oil prices will increase – Crude Oil Trading Tips

KUALA LUMPUR: Malaysia Airlines Bhd ventures oil costs will increment to about US$70 a barrel toward the finish of this current year and has forceful fuel supporting set up as the cash losing national transporter looks to come back to gainful operations. – Crude Oil Trading Tips

Right now (Crude Oil Trading Tips)

we are supported around 65% of the present year at about a tad bit north of US$60,” CEO Peter Bellew said in a Bloomberg TV meet with Haidi Lun.

“We are forcefully supporting 12 months ahead on a quarter-to-quarter premise and adopting a genuinely judicious strategy to it.” – Crude Oil Trading Tips

Malaysia Airlines is anticipating an arrival to what Bellew calls

“more steady productivity” in 2018 after a normal misfortune this year as it fills a bigger part of seats in the midst of interest from business sectors driving with China.

The ringgit’s devaluation against the US dollar since Donald Trump won the US presidential race in November is a major sympathy toward Malaysia Airlines, the CEO said.

The ringgit (which has debilitated over 5% since the US race)

May reinforce throughout the following six to nine months, supporting the transporter’s profit, Bellew said.

Unrefined petroleum fates were exchanging at US$52.66 a barrel starting at 12:35pm in Singapore yesterday

Chinese travelers have since come back to Malaysia Airlines, making the nation its most grounded market now, Bellew said.

The bearer still needs more wide body planes to convey the convergence of vacationers from China to Malaysia and is anticipating to fly upwards of five million Chinese explorers in three to four years, he said.

“My issue with Chinese is I don’t have enough air ship at this moment to work flights there,” Bellew said.

“We are seeing no issues with our image or notoriety among Chinese nationals.”

There are a few deals in the air ship advertise now and Malaysia Airlines may add six to seven planes in 2018, Bellew said.

It’s in converses with Boeing Co on the 787 flying machine while consulting with Airbus SE on the A330 neo, he said.

Petronas stocks weigh on KLCI early Thursday – Commodity Trading Signals

KUALA LUMPUR: Petronas-connected stocks weighed on the FBM KLCI early Thursday as raw petroleum costs slipped while the more extensive market stay blended. – Commodity Trading Signals

At 9.28am, the KLCI was down 3.71 focuses or 0.22% to 1,706.08.  – Commodity Trading Signals

Turnover was 242.53 million shares esteemed at RM108.19mil. There were 178 gainers, 173 washouts and 295 counters unaltered.- Commodity Trading Signals

Oil costs mellowed as record high U.S. unrefined and fuel inventories sustained worries about a worldwide excess. US unrefined was down 0.15% at US$53.03 a barrel and Brent was level at US$55.75 a barrel, Reuters detailed.

Hong Leong Investment Bank (HLIB):

Research said with the idealistic exchanging notions on Wall Street taking after the superior to expected US information, merchants are probably going to keep up the bullish tone with the Dow having a potential upside towards 21,000.- Commodity Trading Signals

Be that as it may, brokers will keep on observing further advancements on US President Donald Trump’s monetary strategies.  – Commodity Trading Signals

“In the interim, positive slants may overflow to the neighborhood bourse on specific heavyweights. By the by, brokers may send offer into-quality procedure if the FBM KLCI exchanges into the locale of 1,720-1,730 in the wake of arousing more than 40 focuses in the course of recent weeks,” said the examination house.

Reuters announced the dollar cooled off on Thursday in the wake of moving to a one-month high as a keep running of perky US financial information revived desires of an early rate climb by the Federal Reserve.

The dollar record touched 101.76 on Wednesday:

a pinnacle concealed since Jan 12, on the wake of superior to expected U.S. expansion and retail deals information before withdrawing to 100.94 on benefit taking.

Petronas Gas and Petronas Dagangan fell eight sen each to RM20.52 and RM23.84 while Petronas Chemicals shed six sen to RM7.15.

Age Credit’s rally hit a hindrance, down 22 sen to RM15.68. BAT lost 20 sen to RM48.80 and Box Pax seven sen bring down at RM1.87.

Heineken rose 66 sen to RM16.58 subsequent to reporting a solid arrangement of results while Nestle added 34 sen to RM76.42.

Gas Malaysia rose nine sen to RM2.85 after its firm profit, ECS added nine sen to RM1.48, RCE Capital and Public Bank were up eight sen each to RM1.59 and RM19.98.

RCE Capital’s 3QFY17 net benefit rose 67% on-year,

because of higher intrigue and charge pay, driven by constant development in its purchaser financing section.

Dnex was the most dynamic, up three sen to 31 sen and its warrants WD added one sen to eight sen. DNeX was picked to be the specialist co-op for the eWork Permit System.

Malaysian palm oil fates on Monday – Commodity Recommendation

KUALA LUMPUR: Malaysian palm oil fates on Monday hit a two-week low, recording a moment straight session of decays, as costs were overloaded by prospects of enhancing levels underway. – Commodity Recommendation

Benchmark palm oil prospects for April conveyance on the Bursa Malaysia Derivatives Exchange was down 1.2 percent at 3,036 ringgit ($682.71) a ton at the end of exchange. It prior tumbled to 3,019 ringgit, palm’s weakest levels since Jan. 31.  – Commodity Recommendation

Exchanged volumes remained at 68,361 heaps of 25 tons each at night.  – Commodity Recommendation

“Creation figures are bearish (on costs) as it is observed getting in February. Creation is coming in and the surge season is over,” said a prospects dealer from Kuala Lumpur, be that as it may, including there may not be a lofty decrease in costs.

“The market is as yet holding at the 3,013 ringgit levels. Spot month costs are still exceptionally solid.”

Expanding yield of the tropical oil, as the impacts of the harvest harming El Nino become dull, could facilitate palm’s benchmark costs, which are exchanging at an over four-year high at this point.

Generation for January declined 13.4 percent to 1.28 million tons

its most keen drop in a year, as indicated by information from the Malaysian Palm Oil Board on Friday.

Overwhelming precipitation over the east shoreline of Peninsular Malaysia likewise affected yield a month ago, as surges prevented the organic product collecting process.

Palm oil may drop to 3,014 ringgit for every ton, as it has broken a support at 3,089 ringgit, said Reuters advertise examiner for wares and vitality technicals Wang Tao.

In other related consumable oils

the March soybean oil contract on the Chicago Board of Trade declined as much as 0.8 percent, while the May soybean oil contract on the Dalian Commodity Exchange fell 0.8 percent.

The May contract for Dalian palm olein dropped as much as 1.6 percent.


Our recommendation for KLSE investors


  1. HIBISCS
  2. IFCAMSC
  3. SERBADK
  4. ARMADA
  5. BIG

KLSE INTRADAY SIGNALS: BUY BIG AT 0.540 TARGET 0.560, 0.580 SL 0.515


Our recommendation for SGX investors


  1. NOBLE
  2. AUSGROUP
  3. HONG LEONG ASIA
  4. AA
  5. SINGPOST

SGX INTRADAY SIGNALS: BUY HONG LEONG ASIA AT 1.32 TARGET 1.37, 1.42 SL 1.26


Oil prices rose more than 2 percent on Friday – Commodity Tips

Oil costs climbed more than 2 percent on Friday oOn desires that this current end of the week’s meeting of the world’s top oil makers would exhibit consistence to a worldwide yield cut arrangement, however rising U.S. boring movement restricted increases. Commodity Tips

Individuals from the Organization of the Petroleum Exporting Countries and some other delivering nations incorporating Russia will meet in Vienna this end of the week to set up an instrument to check consistence with an arrangement to cut 1.8 million barrels for every day (bpd) of yield, OPEC’s secretary general told Reuters.

Saudi Arabia’s vitality serve said 1.5 million bpd had as of now been removed from the market. Commodity Tips

“The petroleum markets are moving higher in Friday exchange on the most recent round of positive discuss how much supply oil makers have taken disconnected in front of Sunday’s survey by OPEC and non-OPEC agents in Vienna,” Tim Evans, Citi Futures’ vitality prospects master, said in a note.

Brent unrefined finished the session up $1.33, or 2.5 percent, at $55.49 a barrel. U.S. unrefined for February conveyance shut everything down $1.05, or 2 percent, at $52.42 a barrel before terminating. The more dynamic March contract settled up 2.1 percent at $53.22.

For the week, both contracts were to a great extent unaltered.

Costs pared increases after information from vitality benefits firm Baker Hughes indicated U.S. penetrating organizations this week included the most oil apparatuses in almost four years.

Swelling oil stockpiles in the U.S. what’s more, rising shale creation could debilitate showcase rebalancing, experts said.

“For an enduring equalization to be reestablished on the oil showcase and the high stocks diminished, the assention should be entirely executed over an impressive timeframe,” Commerzbank said in a note.

“This is especially genuine given that U.S. oil creation is rising again and given that the oil supply from Libya and Nigeria might be extended.”

U.S. unrefined inventories out of the blue took off 2.3 million barrels a week ago as refineries strongly moderated creation, while fuel fabricates were much bigger than anticipated in the midst of powerless request, the Energy Information Administration said on Thursday.

Multifaceted investments hurried to put bullish bets on U.S. raw petroleum in the week to Jan. 17, boosting their net long positions to the largest amounts since July 2014, information from the U.S. Ware Futures Trading Commission (CFTC) appeared.

Net long positions in NYMEX fates and choices among theorists took off to the most astounding on record, in light of openly accessible information retreating to 2006.

Libya’s National Oil Corporation (NOC), in the mean time, said generation had now moved to 722,000 bpd, continuing its ascent after poor climate had brought about a little plunge.

Bjarne Schieldrop, boss wares expert at SEB Markets, said Brent unrefined was beginning to move into an exchanging range around $55 as the creation cut arrangement set a story cost of $50, while U.S. shale oil makers topped the upside at $60.

Commodities had a resurgence in 2016 – Gold Signals

Products had a resurgence in 2016, with the main yearly progress since 2010. The additions will proceed with this year for huge numbers of the business sectors, at any rate that is the thing that speculative stock investments are flagging.(Gold Signals)

Cash directors helped their consolidated net-long position

or wagers on costs picks up, crosswise over 18 products by 9.7% in December, government information appear.

A year prior, the assets were net-short, or betting on decays.

Financial specialists a week ago added to bullish positions in cotton, steers, unrefined petroleum and soybean dinner.

However aren’t idealistic for corn, cocoa and wheat.

Following five straight years of misfortunes,

crude materials bounced back as supply overabundances retreated for metals and vitality.

There’s a developing tune of voices that says the rally isn’t over.

Citigroup Inc, the bank that was on the ball in 2012 when investigators pronounced the end of the

when investigators pronounced the end of the super cycle of rising interest and valuenow predicts that most products will perform unequivocally in 2017 as worldwide monetary development grabs.

Now predicts that most products will perform unequivocally in 2017 as worldwide monetary development grabs, now

now predicts that most products will perform unequivocally in 2017 as worldwide monetary development grabs.

Goldman Sachs Group Inc in November prescribed an overweight position for the benefit class without precedent for over four years.

Wares have turned into “an exceptionally appealing resource class,” said Quincy Krosby, a market strategist at Prudential Financial Inc, which administers about US$1.3 trillion.

“You started to see jolt spending in China, alongside fiscal approach intended to support request and development. Furthermore, you started to see

Furthermore, you started to see pickup in financial movement in the US, proposing that ware costs would base and picking up.”

The net-long position crosswise over 18 US-exchanged products contracted 3.9% to 1.08 million prospects and choices in the week to Dec. 27, as per US Commodity Futures Trading Commission figures distributed three days after the fact.

A year prior, assets were net-short 21,081 contracts.

The Bloomberg Commodity Index, which tracks returns for 22 parts, climbed 11% in 2016, entering a buyer advertise in June.

Zinc was the year’s best entertainer, surging 60% in the midst of supply deficiencies and mine reductions.

On the flip side of the range, wheat had the greatest misfortunes prodded by rising worldwide stockpiles.

On the flip side of the range, wheat had the greatest misfortunes prodded by rising worldwide stockpiles.

Mechanical metals made an astonish bounce in the last quarter of 2016, with copper posting a pick up of 13 % – the greatest such progress since 2010.

The additions were moved by a drop in London Metal Exchange-checked inventories and hypothesis that President-elect Donald Trump’s promises on framework building will expand request.

Cash administrators have dramatically multiplied their copper net-bullish position since early November.

While Trump’s triumph supported copper, it’s had the inverse impact for valuable metals.

Gold topped a 13% decrease in the final quarter as the end of a warmed American decision cycle offered path to some political strength and as US values mobilized to records.

Reserves have been dumping gold possessions since mid-November, and a week ago cut their net-long position by 23% to 41,247 contracts.

Bullion still had its best yearly pick up since 2011.

As examiners eye an indeterminate standpoint for the Trump organization, they’re expecting gold will lift go down and conjecture that costs will rally around 13% in 2017, as per a Bloomberg overview.

they’re expecting gold will lift go down and conjecture that costs will rally around 13% in 2017, as per a Bloomberg overview.

In farming, financial specialists are situating for blended returns.

The assets raised their steers net-long position by 6.1% to 92,516 contracts, the most noteworthy since June 2015. They additionally got more bullish on pigs.

In spite of touching multi-year lows in 2016, the wares organized a solid final quarter rally on hearty request.

Costs for both, as measured by the Bloomberg Livestock Subindex of prospects, hopped 21% in the three months through December.

Then again, stores expect wheat will continue falling.

The financial specialists have held a net-short position for just about 17 months. That is the longest extend in the administration information that experiences 2006. Benchmark

That is the longest extend in the administration information that experiences 2006. Benchmark

Benchmark fates posted a fourth straight yearly misfortune in 2016, the longest streak since 1999.

A long time of guard yields have overflowed grain containers, and worldwide inventories that are as of now at an unequaled high are conjecture by the US government to continue climbing.

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