MCX Metals and MCX Energies Intraday View for 6th May 2022

Insignia Consultants

New Delhi

Friday, May 6, 2022

TIME 9:35 AM IST                                  

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MCX METALS AND ENERGIES INTRADAY VIEW

Gold June 2022:(CMP Rs.50996.00)

Trading Strategy: (a) Gold has to trade over 50838 to rise to 51357 and 51709. (b) Gold will crash only if it trades below 50838 today.

Silver July 2022: (CMP Rs.62483.00)

Trading Strategy: (a) Silver has to trade over 61979 to rise to 63493. (b) Silver will crash only if it trades below 61979.

Crude oil May 2022: (CMP Rs.8355.00)

Trading Strategy: (a) Crude oil can fall to 8279 and 8190 as long as it trades below 8487.

Natural gas May: (CMP Rs.678.70) 

View: Ng has to trade over 682.70 key resistance to rise to 694.50 and 720.80. Overbrought.

Copper May 2022: (CMP Rs.763.20)

View: Copper will crash only if it trades below 756.00 to 753.90 and 748.70.

Zinc May 2022:(CMP Rs.327.30)

View: Zinc will crash only if it trades below 325.50 to 323.70 and 319.70.

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. Website www.insigniaconsultants.in Prepared by Manan Somani

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.

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NOTES TO THE ABOVE REPORT

ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED

PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS

PLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.

ALL PRICES ARE IN INDIAN RUPEE UNLESS OTHERWISE SPECIFIED

APPROPRIATE STOP LOSSES PER LOT IN INDIAN RUPEEES ON THE TRADING CALLS GIVEN IN THIS REPORTTHE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT

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