Commodities and Shares (Technical Analysis) Research
We will guide you about Commododities (Gold, Silver and Crude Oil) and Shares Research, Technical Analysis.
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Market Timings
Abbasi & Company (Pvt) Ltd.
Market Timing & Status
Timings & Status
Start Trading With Us
Start Trading With Us
Gold Price
Silver Price
Start Shares and Commodities Trading in Pakistan.
Abbasi and Company Private Limited, is a leading corporate brokerage house in Pakistan and TREC Holder of the Pakistan Stock Exchange Limited (PSX) and Universal Member of Pakistan Mercantile Exchange Limited (PMEX). Our brokerage house operations are among the most reputed in Pakistan, assisting scores of corporate, high net worth individuals and retail clients. We offer an array of services that include Equity sales and executions, commodity trading, company wise and sector wise research and advisory. We remain eager to provide realistic trading recommendations, efficient and confidential order execution and in-depth research reports to our clients. Our clients are offered to use our user friendly online trading system both for equities as well as commodities which allows them to trade from home or anywhere else. The team of Abbasi and Company Private Limited professionals works hard to help clients position their investments timely and effectively, with the minimum risk taken and maximum profit gained. World clock
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NEWS
CRUDE OIL NEWS
Oil prices hold near seven-month lows, glut keeps draggingLast Update 10:00 AM | 21.07.2017Crude rallied to $47.55, a two-week high, from $46.67 following the EIA inventory data which showed a 4.7-million-barrel fall in crude stocks. The street had been expecting a 2.5-million-barrel decrease, though the API reported a surprise 1.6 million stock build after the close on Tuesday. Meanwhile, gasoline supplies, seen down 0.5 million barrels actually fell 4.4 million barrels, while distillate stocks were down 2.1 million barrels, versus expectations for a 1.0-million-barrel fall. Refinery usage fell to 94.0% from 94.5%. The bullish report was only able to hold up crude oil until mid-morning, but prices reversed closing near the lows of the session.
Source: www.fxempire.com |
GOLD NEWS
Gold Inches Higher After 5-Wk Low As Dollar Gains On Rate Hike ViewsLast Update 10:00 AM | 21.07.2017The main trend is down according to the daily swing chart. However, momentum has been trending higher since the formation of the closing price reversal bottom at $1204.00 on July 10.The momentum will continue to trend higher if buyers can take out yesterday’s high at $1244.10. Upside momentum may eventually lead to a test of the next main top at $1260.00. The main range is $1260.00 to $1204.00. Its retracement zone at $1232.00 to $1238.60 was the primary upside target. However, buyers were able to cross to the strong side of this zone on Tuesday so now it is new support. If the rally continues then we could reach the major retracement zone at $1251.40 to $1262.60. Inside this range is the $1260.00 main top.
Source: www.fxempire.com |
SILVER NEWS
Silver! Metals Stocks Are Not Done Going UpLast Update 10:00 AM | 21.07.2017When we last looked at silver prices on Thursday, this is what we had to say: “We’ve seen one bounce already in the near-term downtrend turn lower and the bounce we are seeing now, while a bit more powerful than the first bounce, still smacks of corrective price action, not of a low. We’re coming up on the low from May as resistance in addition to the trend-line off that June 6 peak.â€
Source: www.dailyfx.com |
TOLA GOLD NEWS
Govt raises gold-buying priceLast Update 10:00 AM | 21.07.2017Gold prices have increased by Rs 400 per tola (11.66 g) as the new prices have been observed to be Rs 51,700 per tola. It was already on the cards as gold prices soared by $7 and rose to $1269 per ounce in the international market. The Saraf Jewelers Association has confirmed the renewed prices as 10 gram gold was reported to rose to Rs 44,314.
Source: www.investing.com |
EURUSD NEWS
Source: www.fxstreet.com
EUR/USD likely poised for further breakdown on dollar rebound
Last Update 10:00 AM | 21.07.2017
After the strongest growth observed since last Friday, when disappointing data on inflation in the US were published, yesterday the EUR/USD pair was declining. Its decline was mainly due to profit taking in long positions on the eve of today's ECB meeting. With the opening of today's trading day, the pair EUR/USD is trading in the range near the level of 1.1520. The further dynamics of the pair will directly depend on today's decisions of the ECB and comments of ECB President Mario Draghi.
