15th June: Gold and Crude oil Report
TIME: 7:43 am IST
The Federal Reserve raised interest rates for the second time this year and said that it will begin cutting its holding of bonds and other securities this year. Trend is down for metals and energies. It will be a technical trade for the rest of the month.
MCX Silver July 2017: Big rise will be there only if silver manages to trade over 39680 either in UK session or US session to 40200 and 40937. Initial support is at 39117. Sell off only below 39117.
MCX Crude Oil June 2017: Crude oil can fall to 2776 and 2712 as long as it trades below 2910. Rise only over 2910.
MCX Natural Gas June 2017: Natural gas will see another wave off sell off below 186 to 177 and 167. Rise only over 192.
Comex Silver July 2017: Silver needs to trade over $1688 to prevent a fall to $1664 and $1649. Rise only if silver trades over $1707 either in UK session or UK session.
Nymex Crude Oil: Crude oil can fall to $43.70 and $42.80 as long as it trades below $45.80.
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