Tuesday, October 23, 2018

Currency Report and Asian Metal Market Update: 24th October 2018


Insignia Consultants
New Delhi
Wednesday, October 24, 2018
TIME 7:19 AM IST                       
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ASIAN METALS MARKET UPDATE
Gold and silver need to rise after tomorrow’s European central bank meeting and Friday’s third quarter GDP numbers to zoom. I am against new short term investment in gold unless trades over $1245.80 on Friday after the release of US GDP numbers. Long term, gold is still an excellent investment even at current price of $1235. Asian prices of gold is near an all-time high. Buyers in Asia will wait for some correction if gold hints of a correction.

Trump says wants a ten percent reduction in tax rates for the American middle class. This will happen only if senate election results are known. Even the slightest indication of this will result in US stock markets zooming and gold crashing as more than expected interest rate hikes will be there next year. But for interest rates all the factors are bullish for gold.

I continue to remain bullish on silver for the long term. I become a laughing stock when I tell my friends and family members to invest in silver. Silver investing needs a patience. Silver has to a very small part of the long term portfolio. I prefer to be a laughing stock rather than change my bullish view on silver.

COMEX GOLD DECEMBER 2018 – current price $1235.50
Bullish over $1223.30 with $1233.60 and $1238.10 as price target
Bearish below $1220.40 with $1217.00 and $1209.40 as price target.
Neutral Zone between: $1220.40-$1223.30
·        100% retracement is at $1245.80. Another wave of rise will be there only over $1245.80.
·        Crash will be there if gold does not break $1245.80 by Friday or gold falls below $1233.
MCX GOLD DECEMBER 2018 – previous day close Rs.32064.
·       Bearish case: 100% retracement is at 32455. Gold can fall back to 31584 and 31132 by next week in case it does not break 32455.
·       Bullish case: A break of 32455 will trigger a rise to 33023 and 33346.
·       I am against new investment in gold at current price and will prefer to wait till Monday and then decide.
·       Today small sell off will be there below 31991.
·       Quick rise will be there over 32166.
(prices are in Indian rupees above)
HAPPY PROFITABLE TRADING
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.
Trade without emotions
"Print this report only if absolutely necessary. Save Paper. Save Trees."
NOTES TO THE ABOVE REPORT
ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED
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UK session starts around 1:00 pm Indian Standard Time (+5:30 GMT) -- after the release of LME daily inventories
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.
THE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT
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Monday, October 22, 2018

Mcx Copper Report : 23rd October 2018



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manan
9810226906

Wednesday, October 17, 2018

Currency Report for Exporters and Importers : 17th October 2018


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manan
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Monday, October 15, 2018

Crude Oil and Currency Report : 16th October 2018





MCX CRUDE OIL REPORT

Crude oil 19th October 18: (previous day close/CMP Rs.5273)
Bullish over 5270 with 5334 and 5478 as price target.
Bearish below 5249 with 5195 and 5150 as price target.
Neutral Zone: 5249-5270
One Support: 5270
One Resistance: 5334
o      Small sell off will be there below 5270.
o      Crash will be there below 5212.
o      Crude oil needs to trade over 5300-5330 zone (till tomorrow) to zoom.

Sunday, October 14, 2018

Crude Oil and Lead Weekly Report : 15th October 2018


WEEKLY TECHNICAL REPORT FOR COMEX/NYMEX FUTURE
NYMEX CRUDE OIL 1ST Contract
Current Market Price: $71.34
Support: $66.50-$67.70-$68.96-$69.50-$70.20
Resistance: $72.40-$73.70-$74.90-$76.10-$77.70
Weekly View:
·       100 day moving average at $69.40 is the key short term support.
·       Crash will be there only below $69.40.
·       I will prefer to remain on the sidelines this week.
·       In case crude oil does not fall below $69.40 this week, then chances of $77.70 will be very high.
Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, crypto currency, 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
NOTES TO THE ABOVE REPORT

All price above are in US dollars, unless otherwise specified.
Indian Standard Time (IST): +5:30 GMT
Current Market Price (CMP)
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.
THE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT


WEEKLY LEAD REPORT
Lead 31st October 2018: (previous day close/CMP Rs.152.20):
Support: 137.20-140.80-144.70-146.40-148.60-150.70
Resistance: 154.70-156.30-159.60-163.50-167.10-169.70
o      100 day moving average is at 152.60.
o      200 day moving average is at 156.30.
o      Lead can zoom to 167.10 and 169.70 on a break of 156.30.
o      Corrections upto 144.70 are a part of the bull rally.

Tuesday, October 02, 2018

NYmex Ccrude and Mcx natural Gas Report: 3rd October 2018


MCX NATURAL GAS REPORT

Natural gas 26th October 18 (previous day close/CMP Rs.228.10):
Bullish over 225.50 with 232.70 and 243.80 as price target.
Bearish below 222.40 with 216.10 as price target.
Neutral Zone: 222.40-225.40
One Support: 222.40
One Resistance: 225.50.
o      NG will zoom to 250.90 if it manages to break and trades over 232.60 anytime till Friday.
o      Small sell off will be there below 225.40.



CRUDE OIL REPORT
NYMEX CRUDE OIL (SEPTEMBER)  - current price $75.19
Bullish over $75.80 with $76.60 and $78.40 as price target
Bearish below $74.50 with $73.60 and $71.60 as price target
Trading strategy: No call
·        There will be another wave of rise if crude oil manages to break and trade over $75.84 to $76.60 and $78.40.
·        Small sell off will be there below $74.50.



·        Bearish trend will be there is a daily close below $75.00 today and tomorrow.