voltas

buy voltas @386 sl 382 target 390/394/398

SILVER TIPS

SELL SILVER BELOW 41120 SL 41350 TARGET 40950/40800/40600

Oil off 1% on inventory build-up

Oil Wednesday extended overnight losses as industry data showed a build-up in U.S. crude stocks. U.S. crude was off 65 cents, or 1.35%, at $47.59 at 08:00 ET. Brent crude shed 73 cents, or 1.43%, to $50.23. American Petroleum Institute weekly data Tuesday showed an increase of 4.5 million barrels in U.S. crude stocks to 533.6 million. Energy Information Administration figures are forecast to show a rise in crude inventories of 2.8 million barrels. U.S. oil output has risen to 9.1 million barrels a day from 8.5 million in June of last year. High inventories and the increase in U.S. production are undermining the impact of agreed output cuts by major producers. OPEC and non-OPEC producers are cutting output by 1.8 million barrels a day in the first half.

Gold rises to 3-week high as doubts grow over Trump's policies

Gold prices traded at a three-week high during North American hours on Wednesday, as investors grew concerned that the Trump administration will fail to deliver on its pro-growth promises. Comex gold futures touched a session high of $1,249.05 a troy ounce, the highest since February 28. It was last at $1,247.95 by 8:55AM ET (12:55GMT), up around $1.50, or about 0.1%. It settled higher for the fourth session in a row on Tuesday, as risk-averse investors sought safer investments amid a weak dollar and tumbling U.S. equities. Meanwhile, spot gold was up $2.95 at $1,247.60 per ounce. Headlines from Washington will continue to be in focus, as House Republicans are expected to vote on repealing and replacing the Affordable Care Act on Thursday, with the votes needed for passage in doubt. The Freedom Caucus, a key group of House Republicans, threatened to issue a formal statement of opposition to the Obamacare replacement bill, which would delay the vote, unless the language in the bill changes dramatically. Investors see the Trump administration's struggles to push through the healthcare overhaul as a sign he may also face setbacks delivering on the promises for tax cuts, regulatory reform and infrastructure spending. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was little changed at 99.62 in New York morning trade, after falling to a seven-week low of 99.45 overnight. Meanwhile, U.S. Treasury yields traded lower, with the benchmark 10-Year note yield extending its decline to a three-week low of 2.396%. The greenback, along with Treasury yields, have been on the retreat since the Fed raised interest rates on Wednesday last week, but stuck to its outlook for two more hikes this year, instead of three expected by the market. Also on the Comex, silver futures for May delivery shed 3.6 cents, or about 0.2%, to $17.54 a troy ounce. Meanwhile, platinum slumped 0.2% to $970.05, while palladium added 0.6% to $792.17 an ounce. Elsewhere in metals trading, copper futures dropped 1.7 cents, or 0.6%, to $2.602 a pound.

buy lead

positional buy lead @ 152 sl 148 target 156/160/164