12 th Oct2018. Gold Silver Copper Zinc Lead Aluminium Nickel Crude Oil Natural Gas. Bullion. Base Metal. Energy. Chana. Agro.

Transcription

1 12 th Oct2018 Bullion Base Metal Energy Agro Gold Silver Copper Zinc Lead Aluminium Nickel Crude Oil Natural Gas Chana Soybean

2 Gold prices climbed almost 1.6% up on Thursday, regaining the psychologically level of $1,200 as a rout in global stock markets spurred by fears over rising bond yields, slowing global growth and trade tensions bolstered safe haven demand. On the domestic front, MCX Gold price has given trendline breakout and sustained above it. Moreover, price has traded near upper Bollinger band formation. A momentum indicator RSI and MACD has turned higher with positive crossover. So based on the above analysis, we expect further upside in Gold prices for the day. Gold MCX Silver price has traded higher on Thursday. On a weekly chart, price has returned after taking a resistance of falling trendline. On the daily chart, price has been moving above Parabolic Sar; which suggest positive movement in the counter. Furthermore, a momentum indicator RSI(14) and MACD has witnessed of positive trend; which indicates bullish movement in the prices. So based on the above technical structure; we expect upward rally in the prices for near term. Dec Silver Dec Bullish 32100/ Bullish 39300/ Gold Silver

3 MCX Copper price has recovered in second half of Thursday trades. On the daily chart, price has retreated from higher level after finding a resistance of upper Bollinger band formation and rising trendline. In addition, COMEX Copper price has still been trading below 38.2% retracement level. Moreover, a momentum indicator RSI and MACD has turned back to downward with negative crossover; which suggest bearish sentiments in the counter. Hence, we expect bearish movement for the day. MCX Zinc has traded positively on Thursday. On a weekly chart, price has found the resistance around 204 levels and retreated from there. In addition, price has been trading below 50% retracement level of it prior uptrend from 165 to 204; which indicates further pressure for near term. Moreover, a momentum indicator RSI (14) has returned from overbought zone and shown negative crossover on the daily chart. So based on the above technical aspects, we expect down trend for the day. Copper Nov Zinc Oct / / Copper Lead

4 Oil prices slumped below the previous week low on Thursday as global stock markets fell, with investor sentiment made more bearish by an industry report showing U.S. crude inventories rising more than expected. On the daily chart, MCX Crude Oil has given a breakdown of rising channel formation; which suggest down trend will continue further. Moreover, a momentum indicator RSI (14) and has shown negative crossover; which signifies bearish movement in the prices. Hence, we expect downside move for the day. On the daily chart, price has retreated from upper Bollinger band formation; which suggest more bearishness in the counter. On a weekly chart, price has tested the resistance at upper line of the symmetrical triangle patterns and slipped from there. Furthermore, a momentum indicator RSI (14) and MACD has moved down with negative crossover, which confirms downward move in the prices. So based on the above technical structure, we expect bearish movement in the prices for near term. Crude Oil Oct Natural Gas Sep / / Crude Natural Gas

5 NCDEX Chana price has traded sideways on Wednesday. On the daily chart, price has given trendline breakout and sustained above it; which reflects bullish sentiments in the counter. In addition, price has also moved above middle band and 50 days SMA on the daily chart. which Adds more bullishness to the price. Furthermore, a momentum indicator RSI (14) has shown positive strength. So based on the above aspects, we recommend bullish view in Chana for the day. On the daily chart, NCDEX Soybean price has retreated from middle Bollinger band formation; and sustained below 21 days SMA; which indicates bearish trend in the counter. Moreover, Price has shifted below Ichimoku Cloud, which intimates downward trend for near term. On the other hand, price has sustained below 50 days SMA. Furthermore, a momentum indicator RSI (14) moved down with negative crossover. So based on the above aspects, we recommend bearish view in Soybean for the day. Chana Nov Soybean Nov 4211 Bullish / Chana Soybean

6 Gold 1224 Silver Crude Oil WTI Brent Crude Oil Natural Gas USD / INR Dollar Index EUR / USD CRB Index* Copper 6252 Aluminum 2028 Zinc 2614 Lead 1986 Nickel Copper Aluminum Zinc Lead :30PM Prelim UoM Consumer Sentiment

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

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