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Wednesday, 8 August 2018

MCX Daily profitable Metals Report

Precious Metals

CS GOLD (OCT) OVERVIEW: TREND : SIDEWAYS RESIST 
2: 29790 RESIST
1: 29690 SUP
 1: 29550 SUP
 2: 29450

 CS SILVER (SEP) OVERVIEW: TREND : SIDEWAYS RESIST 
2: 38300 RESIST
1: 38150 SUP
1: 37750 SUP
2: 37600
Base Metals 

CS COPPER (AUG) OVERVIEW: TREND : SIDEWAYS RESIST 
2: 422.50 RESIST
1: 420.50 SUP
1: 416.00 SUP
2: 414.0

CS NICKEL (AUG) OVERVIEW: TREND : BULLISH RESIST
 2: 965.00 RESIST
 1: 958.00 SUP
 1: 940.00 SUP
 2: 932.00

CS ZINC (AUG) OVERVIEW: TREND : BEARISH RESIST
2: 182.50 RESIST
1: 181.50 SUP
 1: 179.00 SUP
2: 177.50

CS LEAD (AUG) OVERVIEW: TREND : SIDEWAYS RESIST
 2: 148.50 RESIST
1: 147.50 SUP
1: 145.50 SUP
2: 144.00

 CS ALUMINIUM (AUG) OVERVIEW: TREND : BEARISH RESIST
 2: 142.00 RESIST
1: 140.50 SUP
1: 138.50 SUP
2: 137.50

CS CRUDE OIL (AUG) OVERVIEW: TREND : BEARISH RESIST
 2: 4830 RESIST
 1: 4790 SUP
 1: 4730 SUP
2: 4700

CS NATURAL GAS (AUG) OVERVIEW: TREND : BULLISH RESIST
 2: 200.50 RESIST
 1: 199.50 SUP
1: 197.00 SUP
2: 195.50

Energies 
CS CRUDE OIL (AUG) OVERVIEW: TREND : BEARISH RESIST
 2: 4830 RESIST
1: 4790 SUP
 1: 4730 SUP
2: 4700
 CS NATURAL GAS (AUG) OVERVIEW: TREND : BULLISH RESIST 
2: 200.50 RESIST
 1: 199.50 SUP
 1: 197.00 SUP
 2: 195.50

MCX CRUDE AUG on Monday as seen in the Daily chart opened at 4758 levels and made day low of 4737 levels. During this period crude came up to 4798 levels and finally closed at 4762 levels. Now, there are chances of down movement technically & fundamentally.

  •  Oil rises ahead of renewed U.S. sanctions against Iran.
  •  Much of the northern hemisphere has been gripped by extreme heat this summer, pushing up demand for industrial and residential cooling.

DAILY RECOMMENDATION: SELL MCX CRUDE AUG BELOW 4762 LEVELS FOR TARGET OF 4735/4720 WITH SL 4805 OF LEVELS.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647.

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