13th june Mcx Comex Free Update
TIME: 7:00 am IST
Before the FOMC meet, the direction of currency markets will be the key. Technically silver is bearish. Copper and crude oil is in a neutral zone.
MCX Zinc June 2017: Zinc needs to trade over 159.20 to prevent a fall to 157.40 and 155.30. Intra day bullish trend only over 160.40.
MCX Lead June 2017: Lead needs to trade over 132 to prevent a fall to 130.60 and 128.70. Rise only if lead trades over 135 either in UK session or US session today.
MCX Nickel June 2017: Nickel needs to trade over 558 to prevent a fall to 546 and 533. Trend is down. Intraday bullish trend reversal only over 569.
MCX Natural Gas June 2017: Natural gas needs to trade over 192 to rise to 207. Big sell off if natural gas trades below 192.
Comex Copper July 2017: A break of $264.90 will trigger another wave of rise to $268.10 and $274.10. Initial support is at $260.10 with $257.90 as key support.
Nymex Crude Oil: Crude will needs to trade over $45.60 to rise to $47.20 and $48.40. Sell off only below $45.60 to $45.10 and $44.20.
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. Prepared by Chintan Karnani
Disclosure: Insignia consultants or it employees do not have any trading positions on the trading strategies mentioned above. Our clients do have positions on the trading strategies mentioned in the above report.
NOTES TO THE ABOVE REPORT
PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS
PLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.
PLEASE USE A STOP LOSS OF MINIMUM RS.5000-RS.8000 PER LOT ON ALL INTRA DAY TRADES
ALL PRICES ARE IN INDIAN RUPEE UNLESS OTHERWISE SPECIFIED
APPROPRIATE STOP LOSSES PER LOT IN INDIAN RUPEEES ON THE TRADING CALLS GIVEN IN THIS REPORT
Indian Standard Time (IST): +5:30 GMT