Malaysia Tin Price In Down Trend

The price of Tin in bursa Malaysia's commodity trading on Wednesday down (03/02).The drop in the price of Tin is affected due to the weakening of global exchangesafter the price of crude oil.

Wall Street exchanges closed down at the close of trade Wednesday on Wednesday(03/02), terganjal the decline in oil prices. The Dow Jones index closed down 1.80 per cent, at 16, 153.54, with the highest decline in shares of Goldman Sachs. Index of S P 500 closed down & 1.87 percent, at 1, 903.03, with the energy sector led the nine sectors lower. The Nasdaq Index closed down 2.24 percent, at 4, 516.95, with a decline in the shares of Apple.

While Asian exchanges closed this afternoon in the red zone, all major Asia indexeswere in the red zone affected weakening crude oil price slump.

Likewise the European stock exchange this afternoon opened weakening crude oil price slump depressed.

During Asian trading, the price of crude oil futures of West Texas Intermediate (WTI) and Brent slipped but bounced back in early European trade.

The Shanghai market's prices of Tin, about 0.1 percent.

The price of Tin in Malaysia commodity stock exchange observed decline. This industrial metal prices traded at position 14550 dollars per tonne, down by 100 dollars.

Night will also be released weekly crude oil inventory data for the u.s., which indicateddecreased from an estimated. This result is expected to lift the price of crude oil.

Forex chair estimated that Malaysia Tin price movement on the trade wouldpotentially strengthened if estimates of the increase in the price of crude minyaunrealized. However it should be noted the development of the Chinese economy andbusra, which if it is weakened can hit Tin trade. The Tin price will try to break through Resistance level moves in the dollar and the dollar 14950 14750. However, if the Support level will be facing down on the dollar and the dollar 14150 14350.