Monday, May 9, 2022
TIME 10:31 AM IST
MCX METALS AND ENERGIES INTRADAY VIEW
Gold June 2022:(CMP Rs.51279.00)
Trading Strategy: (a) Gold can fall to 51029 and 50780 as long as it trades below 51528.
Silver July 2022: (CMP Rs.62510.00)
Trading Strategy: (a) Silver will crash if it trades below 62286 to 62037 and 61565.
Crude oil May 2022: (CMP Rs.8499.00)
Trading Strategy: (a) Crude has to trade over 8442 to rise to 8591 and 8683. (b) Crude oil will crash only if it trades below 8442 for the rest of the day.
Natural gas May: (CMP Rs.625.70)
View: Ng has to trade over 643.70 key resistance to rise to 664.00 and 6933.20. There will be very sharp two way price moves in NG.
Copper May 2022: (CMP Rs.759.60)
View: Copper will crash only if it trades below 755.70 to 749.90 and 743.30. Momentum is down.
Zinc May 2022:(CMP Rs.325.40)
View: Zinc will crash only if it trades below 323.60 to 321.60 and 317.60.
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. 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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