MCX Metals Market Report: 28th February 2020

Insignia Consultants

New Delhi

Friday, 28 February 2020

TIME 9:30 AM IST

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

MCX METALS MARKET REPORT

A weaker rupee against the US dollar has resulted in gold opening higher. Today is the last day of February. Day has just started. Anything can happen. Next week there are lot of US economic data releases. US February private ADP jobs number. US February nonfarm payrolls. Jobs and business sentiment and consumer sentiment needs to closely watched for every nation. 

Volatility will rise all metals, crude oil and natural gas. 

MCX Copper 31st March 2020:  (previous day close/CMP Rs.418.25)

1. Copper needs to trade over 415.90 today to rise to 426.90. 

2. Crash will be there below 415.90 only to 411.40. 

Daily view on US Dollar-Indian Rupee (usd/inr) spot: Current price: 71.9100: Trend is weak. But rupee needs to break and trade over 72.0225 for the rest of the day to rise to 72.2225 and 72.3350. Sell off will be there below 71.7150. 

(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: