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
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