Bullion Gold

Silver

Base Metal

Copper

Zinc

Lead

Aluminium

Nickel

Energy Crude Oil

Natural Gas

Agro RM Seed

Soybean

16th Aug -2019

Gold

On the daily time scale, MCX Gold price has shown dovish stance after slipping on the Tuesday session and it has gained 1.24% on the Wednesday trading session. Moreover, price has been trading above the rising trend line, which indicates more bullishness in the counter. Furthermore, price has traded above 21*50 days SMA’s and Parabolic Sar, which further signify positive strength. In addition, momentum indicator RSI (14) and MACD have been continuing positive crossover from last couple of days. On the basis of above technical formation, we expect upside movement for the day.

On the daily chart, MCX Silver price has glittered and closed with the gain of 2.43% the previous day trading. Moreover, price has closed above the rising trend line, which adds more strength in the counter to continue positive move ahead. Furthermore, price has also traded above 21*50 days SMA’s and Parabolic sar, which indicate more bullishness in the counter. In addition, momentum indicator RSI(14) and MACD have been continuing positive crossover from last couple of days. Hence, based on these technical formation we can expect bullish move on the MCX Silver for the day trading.

Oct. Silver Sept.

Bullish 44400/44650

44000

38200

Bullish

38350/38450

38080

Gold 37176 37434 37823 38081 38470 38728 39634

Silver 41978 42479 43305 43806 44632 45133 46962

44150

On the daily time scale, MCX Copper

price has slipped 0.50% from it previous

day closing on the Wednesday trading

session. Moreover, price has traded

above rising trendline and 21*50 days

SMA’s, which add strength in the price to

sustain at this range. On the other hand,

price has been continuously trading

upside from last week. Additionally,

momentum indicator Stochastic RSI (14)

and MACD have shown positive

crossover. So, we can expect moderate

bullish trend for the day.

On the daily chart, MCX Nickel price has closed with positive note and gained 0.62% on the previous trading session. Moreover, Nickel price has been continuing bullish trend from last couple of weeks and also it has traded above rising trend line and Parabolic Sar, which indicate more bullishness in the counter. Furthermore, price has traded above 21*50 days SMA’s. In addition, momentum indicator RSI(14) and MACD have continued positive move. Based on the these analysis we could suggest upside move in the counter for the day.

Copper Aug Nickel Aug

448.05

Bullish

452/455.5

1131.30 Bullish

1153/1167

1115

Copper 442.37 444.28 446 448 450 452 458

Nickel 1067 1085 1107 1125 1147 1165 1224

445

On the daily chart, MCX Crude oil (Aug) price has slipped 3.80% on the previous trading session. Moreover, price has continued bearish move from last day and it has closed below 21*50 days SMA’s, which adds more bearish move in the counter for near term. On the other hand, price has also moved above Parabolic Sar. Additionally, momentum indicator RSI(14) at the level of 50, indecisive zone and MACD have been moving below zero line, which signify more upside movement. Hence, on the basis of these technical formation we expect upside move.

On an hourly time frame, MCX Natural Gas price has closed with gain of 0.26% on the previous trading session. However, price has traded below 21 days SMA’s and Parabolic sar, which signify negative move in the counter ahead. Furthermore, price has pushed back from upper Bollinger Band formation, which further shows strength to continue bearish move. In addition, momentum indicator RSI(14) and MACD have shown negative crossover. So, based on the above technical formation we expect downwards move on the counter for day trading.

Crude Oil Aug Natural Gas Aug

3926

Bearish

3970

152.6 . Bearish

149/147.5

156.7

Crude Oil 3670 3765 3838 3933 4006 4101 4365

Natural Gas

146 149 151 154 156 160 168

3870/3850

On the daily chart, NCDEX RM Seed (Sep) has pulled back from lower “Bollinger Band” formation and lower line of “Symmetrical Triangle” pattern, which indicates further support in the counter. Moreover, price has also taken a support of 50*200 days EMA’s, which signifies bullish trend for medium term. On the other hand, Volume activity rose in the last few trading sessions, which suggest buying interest among the traders. In addition, momentum indicator RSI (14) and Schaff Trend Line have shown positive movement, which add positive strength in the prices.

On a four time scale, NCDEX Soybean (Sep) has closed with the gain of 0.52% on the previous trading session. Moreover, price has closed above 200days EMA’s, which indicates to continue bullish move ahead in the counter. Furthermore, price has also traded above Bollinger Band median line and Parabolic sar, which show another confirmation for upside movement. In addition, momentum indicator RSI and MACD have shown positive crossover, which signify positive move in the counter. Hence, based on these technical formation we can suggest bullish trend for the day. RM Seed Sep Soybean Sep

Bullish

3985/4005

3915

3669

Bullish

3685/3705

3632

RM Seed 3895 3913 3940 3958 3985 4003 4065

Soybean 3578 3608 3638 3668 3698 3728 3817

3968

07:30PM Prelim UoM Consumer Sentiment 98.3 97.2

08:00PM Prelim UoM Inflation Expectations 2.6%

Gold 1528.75

Silver 17.203

Crude Oil WTI 55.04

Brent Crude Oil 58.67

Natural Gas 2.219

USD / INR 71.42

Dollar Index 98.23

EUR / USD 1.11

CRB Index* 170.036

Copper 5766.10

Aluminum 1784.25

Zinc 2262.75

Lead 2058.50

Nickel 16190

Copper 46430

Aluminum 14250

Zinc 18680

Lead 16695

14.08.19

14.08.19

S3 S2 S1 Pivot R1 R2 R3

Copper 442.37 444.28 446 448 450 452 458

Aluminium 139 139.7 140 141 141 142 143

Lead 152 153 153 154 155 156 159

Nickel 1067 1085 1107 1125 1147 1165 1224

Zinc 179 181 183 185 187 189 196

Natural Gas 146 149 151 154 156 160 168

RM Seed 3895 3913 3940 3958 3985 4003 4065

Soybean 3578 3608 3638 3668 3698 3728 3817

RSO 746 749 754 757 762 765 776

Jeera 16543 16677 16818 16952 17093 17227 17635

TMC 6773 6797 6847 6871 6921 6945 7044

Guar Seed 4287 4308 4332 4353 4377 4398 4465

Dhaniya 5647 5729 5815 5897 5983 6065 6314

Castor Seed 5551 5561 5579 5589 5607 5617 5654

PIVOT TABLE