16th June: Silver and Crude Oil report
TIME: 7:57 am IST
Just trade in the technical. Trump news and geopolitical news will affect markets. Look for short covering in gold, silver and crude oil.
MCX Silver July 2017: Silver needs to trade over 38300 till Monday to rise to 39450 and 39980. Trend is down. But big sell off only below 38300. Look for short covering today.
MCX Zinc June 2017: Zinc can rise to 163.40 and 165.90 as long as it trades over 159.90. Trend is bullish. Sellers only if zinc trades below 160.40 either in UK session or US session.
MCX Lead June 2017: Lead can rise to 137.40 and 139.90 as long as it trades over 133-134 zone. Sellers only if lead trades below 133 either in UK session or US session.
MCX Natural Gas June 2017: Natural gas needs to trade over 194.40 as long as it trades over 205. Sellers only below 194.40.
Comex Silver July 2017: Silver needs to trade over $1651 to rise to $1698 and $1727. Sell off only below $1651.
Nymex Crude Oil: Crude oil needs to trade over $43.70 to rise to $46.20 and $47.60. Trade very carefully despite bearish trend. Jobbers watch $44.50 all the time.
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