Insignia Consultants
New Delhi
Thursday, 19 December 2019
TIME
9:54 AM IST
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MCX METALS MARKET REPORT
Gold and silver are unchanged after majority
of lawmakers in the U.S. House of Representatives voted to impeach Trump.
Copper and nickel if they fall today or tomorrow will test key short term
technical support. Boom or bust days for crude oil and natural gas. Trend of
natural gas after the release of US weekly natural gas inventories will be the
key. Momentum is still down for natural gas. |
CLOSING MCX SPREAD/BADLA
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MCX FUTURE
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18-Dec-19
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17-Dec-19
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Gold
April--Gold Feb
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58.00
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62.00
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Silver
May-Silver March
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414.00
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453.00
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Crude
oil feb-Crudeoil Jan
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-6.00
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3.00
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Copper
Jan-Copper Dec
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4.90
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5.25
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Zinc
jan-Zinc Dec
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-1.00
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-1.75
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Lead
jan--Lead dec
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-1.30
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-0.50
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Nickel
jan-Nickel dec
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-2.50
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-4.50
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NG
jan-- NG dec
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-3.50
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-0.30
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Prices of MCX futures are in Indian rupees above)
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Daily view on US Dollar-Indian Rupee (usd/inr) spot: Current price: 70.9550: Usd/inr needs to trade over 70.8750 to rise to 71.0850 and 71.2250. Sell off today will be there below 70.8750. Spot value date has shifted to Monday. Spot value data of Monday will be Thursday. Calendar year end big buying or big selling is something which needs to be closely watched. It can result in sudden one way price moves.
(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
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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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