MCX Metals Market Report: 14th January 2020

By: Admin
7381

Insignia Consultants

New Delhi

Tuesday, 14 January 2020

TIME 8:40 AM IST                         

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

MCX METALS MARKET REPORT

Gold, nickel and silver will open lower today. Key short term technical support will be tested. I am bullish on copper today. Bottom fishing never works. Better to stay away from crude oil and natural gas today. Trade deal between USA and China will be signed tomorrow. World will see a temporary end to the so call “trade war’. I am saying it as temporary as China and all Asian nations will be taking long term steps to ensure they are long affected by “trade sanctions” or trade alienation. Once nations achieve a way out to get over trade sanctions, they will tear away the trade deal.

There can be some sharp two way moves. One needs to trade very carefully till USA opens.

Daily view on US Dollar-Indian Rupee (usd/inr) spot: Current price: 70.7100: Initial support is at 70.6600. Rupee needs to trade over 70.6600 today to rise to 70.9600 and 71.0900. Sell off will be there below 70.660 to 70.4375 and 70.1650. Trend for rupee is down at the moment.

(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: