MCX Silver Report : 27th July 2018

MCX SILVER REPORT

Econ0mics & Trump trade wars

US GDP numbers will be the key for the US dollar and metal price. All the good news has been factored in by the markets. Even a slight below expectation number can result in bullion rising and US dollar selling off. China-US trade spat will be closely watched.

Lots of central bank meeting and economic data release next week.

COMEX SILVER SEPTEMBER 2018 – current price $1544.00

Bullish over $1540.00 with $1579.00 and $1609.00 as price target

Bearish below $1529.00 with $1519.50 and $1504.50 as price target

Neutral Zone between: $1529-$1540.00

·       Silver needs to trade over $1540 to rise to $1583.

·       Sellers will be there if silver trades below $1540.

HAPPY PROFITABLE TRADING & HAVE A GREAT WEEKEND

Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, crypto 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.

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NOTES TO THE ABOVE REPORT

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