15th May: MCX Metals & Energies Daily Trend
Tuesday, May 15, 2018
TIME 8:37 AM IST
MCX METALS AND ENERGIES MARKET VIEWS
Direction of the rupee and results of Karnataka state election result will be the key.
Gold June 2018: (previous day close/CMP Rs.31504)
Silver July 2018: (previous day close/CMP Rs.40348)
Copper June 2018: (previous day close/CMP Rs.463.70)
Crude oil 21th May 18: (previous day close/CMP Rs.4794.00)
Zinc May 2018: (previous day close/CMP Rs.206.30)
Bullish over 206.60 with 208.60 and 210.20 as price target.
Bearish below 204.90 with 202.90 and 199.70 as price target.
Neutral Zone: 204.90-206.60
One Support: 206.60
One Resistance: 208.60
- Zinc can fall to 199.70 as long as it trades below 208.60.
- Zinc needs to trade over 206.60 to rise.
- Fifty week moving average at 203.60 is the key long term support.
- 2 week view: A daily close below 203.60 today will knock down zinc to 195.10.
- Expected wide trading range: 201.95-210.65
Lead May 2018: (previous day close/CMP Rs.161.05):
Natural gas 25th May 18 (previous day close/CMP Rs.192.30):
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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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