Mcx Metal Market Report: 12th December 2019

Insignia Consultants

New Delhi

Thursday, 12 December 2019

TIME 8:26 AM IST                         

 ----------------------------------------------------------------------------------------------------------------

MCX METALS MARKET REPORT

Direction of the Indian rupee against the US dollar (after the FOMC meet yesterday) will be the key till 5:00pm. There will be short covering and subsequent buildup of long positions if gold and silver rise today and tomorrow. There was no surprises in FOMC meet. Now the focus will shift to European central bank meeting, impeachment news related to Trump and UK elections and the key trade deal.

MCX DAILY PEFORMANCE
	Closing Price
MCX FUTURE	11-Dec-19	10-Dec-19	%gain/loss
Gold February 2020	37,699.00	37,571.00	0.34
Silver March 2020	43,825.00	43,507.00	0.73
Crude oil Dec 2019	4,156.00	4,195.00	-0.93
Natural Gas Dec 2019	160.50	160.80	-0.19
Copper Dec 2019	442.05	439.15	0.66
Zinc Dec 2019	181.25	181.60	-0.19
Lead Dec 2019	153.85	153.25	0.39
Nickel Dec 2019	1,014.30	991.50	2.30
Prices of MCX futures are in Indian rupees above)

Copper and nickel are looking bullish at the moment. Natural gas is oversold. Trade very carefully Tuesday but do trade with higher trailing stop loss. This week, prices of all metals start moving only after Japan closes around 12:30. Trend after 12:30pm will be the key for all metals and energies.
(For Trading Report, Whatsapp @9311139549)

Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific 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. All analyses used herein are subjective opinions of the author and should not be considered as specific investment advice. Investors/Traders must consider all relevant risk factors including their own personal financial situation before trading. Websitewww.insigniaconsultants.in. Prepared by Chintan Karnani

Disclosure: Members, employees, directors, clients and all other people associated with “Insignia consultants” do trade in MCX metals and energies. They may or may not have positions on the trading strategies mentioned in this report. They may also have open positions in MCX metals and energies futures in trading strategies other than those mentioned in this report.

Insignia Consultants does not have any branches in India.

Insignia Consultants does not have any marketing agents in any city in India.

NOTES TO THE ABOVE REPORT

ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED

Follow us on Twitter @insigniaconsul1

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

You can also download our Android App for these updates :

Insignia Tips Android App (https://play.google.com/store/apps/details?id=com.insignia&hl=en)

For live Updates You can also join our

TELEGRAM CHANNEL (https://t.me/goldsilverinr)

For Full Reports and live trading calls please Call / Whatsapp 9311139549.

 or mail to insigniacommodity@gmail.com

For todays Full report Please paytm using the barcode below: