MCX Metals Market Report: 31st July 2020

By: Admin
4 days ago
7608

Insignia Consultants

New Delhi

Friday, 31 July 2020

TIME 1:06 PM IST                              

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

MCX METALS MARKET REPORT – wear mask

Gold, Copper, silver and zinc have been the best performers in MCX metals in the first seven months of the year. Momentum, trend and technical are all bullish for them for August. MCX metals have appreciated in July even as rupee gained against the US dollar. Bullish factors for gold, silver, copper and zinc have been discussed in our daily report off and on. In June and July months traders have ignored global economic data releases. In August, USA and other nation’s economic data releases will affect global metal prices and energy prices. Trade very carefully.

MCX Zinc August: Current price: Rs.184.10 Zinc can rise to 189.90 and 194.60 (by next week) as long as it trades over 179.70. Zinc needs to trade below 189.90 for a few days to be in short term bearish zone.

 (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: