MCX
METALS AND ENERGIES MARKET VIEWS
Remain on the sidelines in gold and
silver. Crude oil is bullish. Copper, zinc, lead and nickel can fall first and
then rise.
TECHNICAL
VIEW
Crude
oil 19th September 18: (previous day close/CMP Rs.4763.00)
Bullish
over 4760 with 4864 and 4916 as price target.
Bearish
below 4715 with 4662 and 4571 price target.
Neutral
Zone: 4715-4760
One
Support: 4760
One
Resistance: 4810
o
Crude oil can rise to 4965 and 5102 by 6th
September as long as trades over 4571.
o
There will be another wave of rise over 4810.
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