sugar is sweet as it is but oil still have no taste
SUGAR:-
government decision to reduce burden on sugar mills by paying farmers increasing cess on sugar and mandating ethanol blending from 5% to 10% in petrol are bullish for sugar.
Elnino may effect world sugar production increase demand for indian sugar.
GOLD:-
A deflationary environment coupled with slowdown concerns in emerging and commodity exporting country will keep monetary policies accommodative in most parts of world even as us rate hikes will act as headwind to gold prices incremental pressure from further hikes will be limited given that the pace of rate hike is going to be slow even if doller strenthens , a weaker rupee can keep domestic price higher.
Expected target-27500rs/10gm
current price-24950rs/10gm
CRUDE OIL:-
Even as physical fundamental look bearish in the short term ,oil market could see the start for re balancing process towards next year end.
the impact of reduced capex y global oil company and sharp decline in US rig count could start to slow oil production in OPEC -countries
Expected target-3200rs/bl
Current price-2450rs/bl
Copper:-
ICSG has revised his forecast for copper market to end in supply deficit of 130,000MT for 2016
,as aginst ists earlier forecast of 230,000 MT surplus in april 2015.
LME inventories of copper fell 36% since their peak in 2015,while copper price declined 26% during same period.
expected target-355rs/klgm
current price-314rs/klgm
