MCX Metals and MCX Energies Intraday View for 10th May

Insignia Consultants

New Delhi

Tuesday, May 10, 2022 TIME 10:44 AM IST                                    

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MCX METALS AND ENERGIES INTRADAY VIEW

Gold June 2022:(CMP Rs.51000.00)

Trading Strategy: (a) Gold will crash only if it trades below 50860 to 50789, and 50604. (b) Gold needs to trade over 51089 to be in an intraday bullish zone.

Silver July 2022: (CMP Rs.61880.00)

Trading Strategy: (a) Silver has to trade over 61223-61440 zone to rise to 62358 and 62926

Crude oil May 2022: (CMP Rs.7915.00)

Trading Strategy: (a) Crude has to trade over 7787 key support to rise to 8048.

Natural gas May: (CMP Rs.547.30)               

View: Ng has key support between 524.40-547.50. It needs to trade over this zone to rise to 573.70 and 596.90.

Copper May 2022: (CMP Rs.761.50)

View: Copper will rise quickly if it trades over 762.00 to 767.10 and 771.70.

Zinc May 2022:(CMP Rs.315.40)

View: Zinc can rise to 322.20 as long as it trades over 312.20.

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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