11th April: MCX Daily Report

Insignia Consultants

New Delhi

Wednesday, April 11, 2018

TIME 09:27 AM IST                     

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MCX METALS AND ENERGIES MARKET VIEWS

Today’s trend is very important for all metals and energies.

TECHNICAL VIEW

Copper April 2018:  (previous day close/CMP Rs.450.75)

Bullish over 447.10 with 453.20 and 457.10 as price target.

Bearish below 444.70 with 441.40 and 437.60 as price target.

Neutral Zone: 444.70-447.10

One Support: 447.10

One Resistance: 453.20

  • Key resistance is at 453.20. Copper will zoom to 462.40 if it manages to trade over 453.20.
  • Sellers will be there below 447.50.

Crude oil 19th April 18: (previous day close/CMP Rs.4248.00)

Bullish over 4229 with 4305 and 4428 as price target.

Bearish below 4160 with 4088 and 4021 as price target.

Neutral Zone: 4160-4229

One Support: 4211

One Resistance: 4305

  • Crude oil can rise to 4428 as long as it trades over 4160.
  • Sellers will be there below 4160.

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Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, metals and commodities reflect the views of the individual analyst, In no event shall Insignia Consultants or its employees  have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of Information. Nothing in this article is, or should be construed as, investment advice. Website www.insigniaconsultants.in. Prepared by Chintan Karnani

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NOTES TO THE ABOVE REPORT

UK session starts around 1:00 pm Indian Standard Time (+5:30 GMT)

US session starts at 6pm pm Indian Standard Time (+5:30 GMT)

PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS

PLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.

ALL PRICES ARE IN INDIAN RUPEE UNLESS OTHERWISE SPECIFIED

APPROPRIATE STOP LOSSES PER LOT IN INDIAN RUPEEES ON THE TRADING CALLS GIVEN IN THIS REPORTTHE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT

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