15 th March Gold Silver Copper Zinc Lead Aluminium Nickel Crude Oil Natural Gas Guar seed Castor seed. Bullion. Base Metal. Energy.

Transcription

1 15 th March 2018 Bullion Base Metal Energy Agro Gold Silver Copper Zinc Lead Aluminium Nickel Crude Oil Natural Gas Guar seed Castor seed

2 On the daily chart MCX Gold price has given rising wedge breakdown and sustained below it. Moreover, on weekly chart it has been trading within a rising channel. However, in the recent move price found resistance at the upper band of the rising channel and fell towards lower levels. On the other hand, price has slipped from 21 days DEMA on daily chart; which suggest down trend in the counter. Therefore, we expect bearish move in MCX Gold prices for upcoming days. On the daily chart, MCX Silver price has been trading in range from last couple of the days; which intimate downward pressure and indecisive sentiments among the traders. In addition, price has formed symmetrical triangle formation on the weekly chart; where Price has found the resistance at the upper side of the triangle. Moreover, price has also crashed below the 200 DEMA on the weekly chart. So based on the above analysis, we expect weakness in the MCX Silver price. Gold April Silver May / / Gold Silver

3 On the daily chart, Copper has slipped from upper Bollinger Band pattern; which act as resistance for the prices. On the other hand, weekly Copper price has been hovering within a rising wedge pattern, which may give break down momentum in upcoming days. Moreover, A momentum indicator RSI has faced hurdle around 59 levels and came down further with negative crossover. Based on the above technical parameter, we expect bearish move in MCX copper April future. On the daily chart, MCX Lead has turned back from lower Bollinger band formation and also sustained above 61.8% retracement levels. Moreover, price has shown good bounce back in previous two trading sessions; which suggest recovery mode in the prices. Furthermore, A momentum indicator RSI (14) has reversed back from oversold zone with positive crossover on daily chart. Therefore, based on the above structure we expect recovery in MCX Lead prices. Copper April Lead March / Bullish Copper Lead

4 On a weekly chart, MCX Crude Oil price has been moving into Rising Channel formation, where it has traded near the lower line of the formation, which may act as support for the prices. On the other hand, daily Price has crossed range bound momentum and fell down further. Moreover, weekly RSI and MACD is in bearish mode with negative crossover. Based on above studies we can expect a negative movement in MCX Crude Oil price. On a weekly chart, MCX Natural Gas has traded down after a three weeks of upward momentum. Overall, price has taken a support of lower trendline and bounced back from there. Moreover, Positive divergence is visible in the weekly RSI as the momentum indicator made a higher low against lower trough in price. Daily MACD is in bullish crossover. Based on above technical studies, we expect a positive move in the MCX Natural Gas price. Crude Oil March Natural Gas March / Bullish Crude Natural Gas

5 On the daily chart, NCDEX Castor seed price has recovered from the bottom in previous couple of the days and tested falling trendline with positive strength; which shows breakout momentum in upcoming days. Moreover, price has moved above 50 days SMA on daily chart; which suggest bullish trend in near term. Furthermore, MACD is in positive crossover on daily chart. Based on the above technical structure, we expect bullish sentiment in Castor Seed (April) future prices. On the daily chart, NCDEX Guar seed has given rising channel formation breakdown and sustained below it with good consolidation; which intimate down trend in the counter for near term. In addition, A momentum indicator RSI (14) is in bearish mode and another indicator MACD has moved below zero line with negative crossover on daily chart. Based on the above technical studies, we expect bearish move in Guar seed price in upcoming days. Castor Seed April Guar seed April 4210 Bullish 4310/ Castor Guarseed

6 Gold Silver Crude Oil WTI Brent Crude Oil Natural Gas USD / INR Dollar Index EUR / USD CRB Index* Copper 6988 Aluminum 2089 Zinc Lead 2404 Nickel Copper Aluminum Zinc Lead :00PM Philly Fed Manufacturing Index :00PM Unemployment Claims 231K 230K 6:00PM Natural Gas Storage -57B

7 PIVOT TABLE S3 S2 S1 Pivot R1 R2 R3 Copper Aluminum Lead Nickel Zinc RM Seed Soybean RSO Jeera Chana Guarseed Dhaniya Castor TMC

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