Comex Report for 25th October 2021

By: Admin
22432

Insignia Consultants

                                                                                   New Delhi

Monday, October 25, 2021

 TIME 9:40 AM IST                       

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Comex Report for 25th October 2021

There are no major US economic data releases. It will be a technical trade. Technical are very bullish for gold, silver and crude oil and neutral for copper.

COMEX GOLD DECEMBER 2021 – current price $1800.15

  • Gold can rise to $1825.30 today as long as it trades over $1789.
  • There will be sellers only if gold trades below $1789.

COMEX SILVER DECEMBER 2021 – current price $2455.50

  • Silver can rise to $2535.00 as long as it trades over $2400.
  • There will be sellers only if silver trades below $2400.

NYMEX CRUDE OIL (December)  - current price $84.66

  • Crude oil has to trade over $82.80 to rise to $86.20.
  • There will be a technical breakout if crude oil trades over $86.20 to $92.20 (by next week).

COPPER DECEMBER 2021 – current price $455.75

  • Copper can rise to $472.00 as long as it trades over $449.60.
  • Copper will crash only if it trades below $449.60.

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. Prepared by Chintan Karnani Website www.insigniaconsultants.in.

Disclosure: Insignia consultants or it employees do not have any trading positions on the trading strategies mentioned above. Our clients do have positions on the trading strategies mentioned in the above report.