Comex Crude Oil Update For Today

Comex Signal Update:

SELL CRUDE OIL 48.55 TARGETS 48.15 47.75 STOPLOSS 49.00

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COMEX CALL UPDATE: UPDATE: OUR  1ST TARGET HAS HIT IN CRUDE OIL 48.15 KINDLY BOOK   PROFIT IN IT.

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Blue chips shake off early caution as crude oil climbs

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KUALA LUMPUR:  After a hesitant begin on Wednesday, blue chips observed key Asian markets higher following the in a single day rebound on Wall street and crude oil prices advanced.

At nine.47am, the FBM KLCI become up 4.sixty six points or 0.29% to at least one,638.70. Turnover became 320.seventy two million stocks valued at RM180.63mil. There have been 240 gainers, 153 losers and 226 counters unchanged.

Asian percentage markets joined a global rally on Wednesday as the immediately impact of britain's vote to go away the ecu began to wane and buyers wagered principal banks could have to experience to the rescue with more stimulus measures, Reuters reported.

Oil rose early on Wednesday as economic investors poured money lower back into commodities and as a potential strike in Norway and crisis in Venezuela threatened to reduce deliver.

The twine document said Brent crude futures were buying and selling at US$48.seventy six in step with barrel at 0019 GMT, up 18 cents from their final settlement. US mild crude changed into up 30 cents at US$48.15 a barrel.

Maybank investment bank research endorsed a “sell  on  Rallies”  approach  for  Thursday.  It talked about the  July 2016 futures  changed into  at  a  small  1.96-point  top rate  against  the  FBM KLCI.

“We agree with   helps   of   1,six hundred   to   1,621   will   be   weaker,   even as   heavy  liquidation  activities  will  cap  rebounds  at  the  resistances  of  1,634  and 1,664.

“The  FBM KLCI  fell  from  the  1,729.13  excessive,  but  has  not  found  a  everlasting  floor  but.  A volatile and weaker index tone may additionally  prevail  for now, in spite of the pre-2H16 window dressing activities,”  it said.

most of the KLCI shares, BAT changed into the top gainer, up 46 sen to RM50.70 at the same time as Petronas Dagangan delivered 18 sen to RM23.40. but, Axiata and MAHB fell six sen each to RM5.52 and RM6.28.

Bintulu Port rose 35 sen to RM6.ninety eight, Pestech 28 sen to RM6.seventy eight, SAM Engineering 14 sen to RM7.ninety and Heineken  12 sen to RM15.30 while Scientex won 10 sen to RM12.10.

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Gold falls on profit-taking after metal trades at most since July 2014

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BENGALURU: Gold fell on Tuesday as financial specialists picked to book benefits, after the yellow metal exchanged close to the most astounding since July 2014, floated by place of refuge interest after worldwide securities exchanges plunged in the wake of Britain's choice to leave the European Union. Gold in the past session expanded increases from Friday when it quit for the day at US$1,315.48 an ounce, the most since July 2014 and the greatest one-day pick up since January 2009 as the British vote incited speculators to swing to more secure resources.

Speculators, be that as it may, gathered up pounded resources on Tuesday as sterling and Asian developing business sector monetary standards recaptured some balance and raw petroleum bobbed, cutting down the interest for gold. The place of refuge resource is regularly seen as a support against monetary and budgetary danger.

Spot gold was down 0.6% to US$1,316.80 an ounce by 0400 GMT. It rose 0.7% on Monday.

US gold slipped 0.3% at US$1,320.50.


"“So far it has predominantly been Chinese offering. They have been great dealers the entire far up, particularly when we passed US$1,300.

We keep on seeing fair offering from them," said MKS Group merchant Alex Thorndike.

"“It appears like the business sector is delaying here a bit now considering the moves we have seen since Friday. Be that as it may, in two or three weeks I think we could see costs in the US$1,375-US$1,400 territory."

English bank Standard Chartered, in any case, said the gold rally has lost its force and it would be troublesome for the metal to drift above US$1,300 an ounce.

"“Once the quick short-run race to security dies down and expecting successful strategy reactions to alleviate capital business sector concerns, we think gold will battle to keep afloat/oz amid Q3, and will push down towards US$1,250/oz," the bank said in a note.

Property in SPDR Gold Trust, the world's biggest gold-supported trade exchanged asset, rose 1.40% to 947.38 tons on Monday, the most astounding since July 2013.

Among different valuable metals, spot silver was down 0.6% to US$17.61 per ounce.

Silver may break a resistance zone of US$18.12 to US$18.84 per ounce and ascend into a scope of US$21.09 to US$22.07 throughout the following three months, as showed by a couple Fibonacci retracement investigations, Reuters specialized examiner Wang Tao said.

Platinum rose 0.3% to US$976.90 an ounce and palladium was up 0.1% at US$555.40. - Reuters

Maybank Joint Lead Arranger Of US$219m Financing For Manhattan Tower

KUALA LUMPUR: Malayan Banking Bhd (Maybank) led the primary syndicated Shariah-compliant production financing in new york metropolis through supplying US$219mil for a luxurious residential tower in manhattan.

Maybank stated on Monday it changed into appointed joint lead arranger with Warba financial institution of Kuwait for the syndication, which protected lenders Intesa Sanpaolo of Italy and an associate of MSD partners, L.P.  of the usa. The financing comprised US$174mil senior creation loan and a US$45mil mezzanine mortgage.

The financing is for the development of the Tribeca apartment tower, a 43-storey constructing to be evolved by means of Soho homes at 45, Park location, new york.

construction of the 665-foot tall glass and steel tower will begin in mid-2016 and is scheduled for final touch in 2018.

Maybank's group head of worldwide Banking Datuk Amirul Feisal Wan Zahir said that the financial institution’s appointment as one of the two joint leaders of the financing syndication turned into a reaffirmation of Soho homes' believe in Maybank's capacity to undertake this exercising.

“This syndication is a milestone being the first shariah-compliant production financing in the big apple town, and it reaffirms our ability to offer fee-growing Islamic banking answers for worldwide customers,” he stated.

As one in every of Asia's leading banking companies, we were at the vanguard in financing major infrastructure and assets improvement projects throughout many countries.”

The Tribeca tower, designed by architect Michel Abboud of SOMA with Ismael Leyva Architects as the architect of record, will provide residents unheard of panoramic views of ny from its location on the southern fringe of the Tribeca historic district.

offering interiors and services designed through Piero Lissoni, the tower will be neighbor to a museum and public green space designed through Pritzker-Prize award winning architect Jean Nouvel. Stribling advertising pals will function distinct income and advertising and marketing agent for forty five Park region.

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Trading ideas: Vivocom, Gabungan AQRS, Benalec, SCGM, Magni-Tech

KUALA LUMPUR: JF Apex Research expects Vivocom, Gabungan AQRS, Benalec, NTPM, LB Aluminum, SCGM and Magni-Tech to be among the stocks to see exchanging activity on Friday after their corporate news.

The exploration house said Vivocom got letters of recompense totalling RM37.8mil for development contracts in Sungai Buloh, Selangor, and Lorong Stonor, Kuala Lumpur.

Gabungan AQRS would offer 1,140 units of reasonable homes alongside 19.03 sections of land of a leasehold land situated in Putra Perdana, Sepang, on which they will be worked to PR1MA Corp Malaysia for RM314mil.

Benalec has gotten the Department of Environment's (DoE) endorsement for the recovery for stages 2 and 3 of its Tanjung Piai Integrated Petroleum and Petrochemical Hub and Maritime Industrial Park venture.

NTPM the gathering's 4QFY16 net benefit fell 23.7% on-year to RM10.05mil, as edge declined on higher vitality expenses and work related use.

LB Aluminum saw its 4QFY16's net benefit more than twofold to RM5.86mil, because of better edges emerging from less expensive crude material, and in addition lower charge procurement.

SCGM's 4QFY16 net benefit fell by 32.61% on-year to RM3.46mil because of weaker ringgit, higher deterioration charges, and greater account costs.

Magni-Tech, the gathering saw its 4QFY16 net profit expanded by 13.3% on-year to RM18.84mil mostly because of higher piece of clothing income on the back of valuation for the US dollar against the ringgit notwithstanding bring down deals orders got.

US markets hopped more than 1% overnight on desire that Britain will vote to stay in the EU. Thus, European stocks mobilized as British voters choose EU participation.

At Bursa, the FBM KLCI quit for the day focuses to 1,639.98. "Taking after the bullish execution in the US and Europe, the FBM KLCI is relied upon to develop its bounce back with backing and resistance at 1,610 and 1,665 individually," it said.

Gold Price Falls on Dollar Strength | Comex Update

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Gold costs had been down this week as america greenback regained electricity. costs have been down 1.ninety seven percent for the week to $1,251 in keeping with ounce.

according to the Wall street journal, consequences of the modern Federal Reserve coverage assembly placed strain on gold, because the fed is now another time considering a rise in interest charges. Ira Epstein, a strategist with the Linn group, told the ebook that some traders are pulling again on formerly bullish bets.

Silver prices additionally fell for the week, dropping four.28 percent to trade at $sixteen.48 in step with ounce. As with gold, silver changed into pushed down by means of a stronger US dollar.

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Comex Market Update | Today's Gold Prices in Malaysia

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Markets fell as a substitute notably all through the path of the day on Tuesday, however having stated that the marketplace looks as if it's miles nevertheless consolidating with a bit of an upward bias to it. short-time period charts could provide promoting possibilities, but quite frankly we experience that it’s an awful lot simpler to shop for supportive candles or bounces off of every day charts to be able to take benefit of what has been a widespread grind better. keep in mind that grinding markets tend to be rather sluggish, and as a result it takes pretty a piece of patience as a way to profit.

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Oil Prices Fall For First Time In Three Days

Oil costs fell in early Asian exchange following a solid two-day rally that was encouraged by facilitating concerns Britain would leave the European Union following a choice this week, permitting market members to concentrate on supply issues.

Saudi Arabia's unrefined petroleum sends out likewise dropped in spite of high creation levels, recommending request stays in a deficiency to supply.

U.S. unrefined's terminating July front-month contract was down 18 pennies at $49.19 a barrel at 0046 GMT. The all the more effectively exchanged August get, the new front-month from Wednesday, was down 19 pennies at $49.77. That agreement settled up almost 3 percent at $49.96 on Monday.

Brent rough fates' August front-month contract was down 31 pennies at $50.34 a barrel.

On Monday it rose $1.48, or 3 percent, to $50.65 a barrel. The agreement has ascended around 7 percent since Thursday's settlement, in the wake of falling 10 percent in six past sessions.

Saudi Arabia's unrefined fares in April tumbled to 7.444 million barrels for each day from 7.541 million bpd in March, official information appeared on Monday.

The world's biggest oil exporter and OPEC heavyweight created 10.262 million bpd in April, contrasted and 10.224 million bpd a month prior, the information appeared.

Possibly adding to supply, Iran has expanded its unrefined fares limit at its principle terminal on Kharg Island to permit eight tankers to stack at the same time, the oil service's news organization Shana gave an account of Monday.

Taking after moves up to framework in the course of recent years eight tankers can billet at the terminal's eastern harbor, with one more vessel ready to load boat to-boat payload in the meantime. - Reuters.

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Oil Extends Gains As Brexit Fears Ease

through Aaron Sheldrick

TOKYO (Reuters) - Oil extended gains in Asian buying and selling on Monday as a weaker dollar and easing concerns over Britain's possible exit from the european Union helped help crude.

London Brent crude for August shipping was up 34 cents at $forty nine.51 a barrel by using 0235 GMT, after settling up $1.ninety eight, or four.2 percentage, at $forty nine.17 on Friday.

NYMEX crude for July delivery, which expires on Tuesday, changed into up forty four cents at $48.forty two a barrel, after last up $1.seventy seven, or three.8 percentage, on Friday.

Campaigning for Britain's vote on ecu club resumed on Sunday after a 3-day hiatus triggered with the aid of the killing of a seasoned-ecu lawmaker.

3 opinion polls in advance of Thursday's vote confirmed the 'stay' camp recuperating some momentum, even though the general photograph remained one in all an frivolously break up citizens.

"it's far difficult to suppose the market's calmer tone... is going to be an ongoing subject matter this week, particularly as Brexit campaigning and the release of opinion polls has resumed again," ANZ said in a morning word.

The pound changed into up against the greenback at $1.4450 from $1.4350 on Friday. the japanese yen held now not a long way from its maximum stage towards the dollar in nearly two years. [USD/]

Oil costs continued to get better no matter records displaying U.S. electricity companies adding oil rigs for a 3rd week in a row, suggesting better production to come.

Oil offerings company Baker Hughes pronounced nine rig additions in the week to June 17. [RIG/U]

France's CGT union ended a strike on Friday that had paralyzed site visitors for 26 days at the Fos Lavera oil terminals at the Mediterranean, the country's biggest oil hub, a management professional at port operator Fluxel said.

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Comex News Update

Gold futures have been higher in European change on Tuesday, including to modest in a single day profits, as traders regarded ahead to key U.S. inflation statistics due later within the consultation to gauge if the world's largest economy is robust enough to resist similarly rate hikes in 2016.

The commerce branch will submit April inflation figures at 12:30 GMT, or 8:30 AM ET, Tuesday. Market analysts expect consumer price to inch up 0.3%, at the same time as center inflation is forecast to increase 0.2%.

On a yearly base, middle CPI is projected to climb 2.1%. Center prices are regarded by the Federal Reserve as a better gauge of longer-time period inflationary stress due to the fact they exclude the unstable meals and power classes. The central financial institution commonly attempts to intention for 2% center inflation or much less.

Growing inflation would be a catalyst to push the Fed towards raising hobby rates.

Besides inflation, the U.S. is to provide reports on housing begin and constructing allows at 12:30 GMT, or 8:30 AM ET, at the same time as commercial production and capacity utilization are due at 13:15 GMT, or 9:15 AM ET.

There are also numerous Fed audio system consisting of San Francisco Fed President John Williams and Atlanta Fed President Dennis Lockhart, who seem on a panel at 16:00 GMT, or 12:00 PM ET. Dallas Fed President Rob Kaplan speaks at 17:15 GMT, or 1:15 PM ET, at a community discussion board.

Gold for June shipping at the Comex division of the big apple Mercantile alternate inched up $three.40, or 0.27%, to exchange at 1,277.forty five a troy ounce by 06:49 GMT, or 02:49 AM ET.

An afternoon in advance, gold rallied to a one-week high of $1,290.40 as investors reassessed their expectations for the timing of the following U.S. charge hike following the discharge of weaker than anticipated U.S. production records.

However gold gave again gains towards the quit of the session as a rally in oil charges boosted U.S. shares, dampening the secure-haven appeal of the precious metal.

Price of the yellow steel are up almost 19% to date this 12 months amid indications the Federal Reserve will take a slow and careful approach to elevating interest prices this yr.

Gold is sensitive to moves in U.S. rates, as a upward push would raise the opportunity cost of preserving non-yielding property including bullion. A slow route to higher rates is visible as much less of a chance to gold expenses than a rapid series of increases.

some place else at the Comex, silver futures for July delivery climbed 10.6 cents, or 0.16 2%, to exchange at $17.26 a troy ounce all through morning hours in London, at the same time as copper futures tacked on 1.9%, or 0.91%, to $2.108 a pound.

The U.S. dollar index, which tracks the dollar in opposition to a basket of six rivals, edged down 0.1% to 94.41, shifting faraway from a 3-week excessive of  94.41  four hit on Friday.

A weaker dollar boosts demand for raw materials as an opportunity investment and makes dollar-priced commodities cheaper for holders of different currencies.

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