Insignia Consultants
New Delhi
Thursday, 26 December 2019
TIME
10:27 AM IST
----------------------------------------------------------------------------------------------------------------
MCX METALS MARKET REPORT
Gold and silver opened higher as
global prices opened higher Asia. Industrial metals are firm as well. Thin
volumes and other year end reasons have been rendered useless. I had written in
the daily report (for subscribers) to take year end trend seriously. I am right
as of now. . Copper and industrial metals should rise on higher Chinese demand
before the Chinese New Year towards end January. Industrial metals should
remain firm on expectation of higher Chinese demand. Crude oil is showing no
signs of falling. Daily view on US Dollar-Indian Rupee (usd/inr) spot: Current price: 71.2725: Key resistance is at 71.3050 is the key resistance. A break of 71.3050 will result in 71.5150 and 71.8300. I expect rupee to trade with a weaker bias till next week on continued issues within the NDA government.
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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.
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NOTES TO THE ABOVE REPORT
ALL VIEWS ARE INTRADAY UNLESS OTHERWISE
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THE
TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT
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