MCX Metals and MCX Energies Intraday View for 11th May 2022

Insignia Consultants

New Delhi

Wednesday, May 11, 2022

TIME 10:39 AM IST                                

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MCX METALS AND ENERGIES INTRADAY VIEW

Gold June 2022:(CMP Rs.51365.00)

Trading Strategy: (a) Gold will crash only if it trades below 50199 to 50082, 49989 and 49551. (b) Trend is down as long as it trades below 50785. Gold needs to trade over 50785 to be in an intraday bullish zone.

Silver July 2022: (CMP Rs.60356.00)

Trading Strategy: (a) Silver can fall to 59531 as long as it trades below 60837. (b) Silver needs to trade over 60837 to rise.

Crude oil May 2022: (CMP Rs.7870.00)

Trading Strategy: (a) Crude has to trade over 7778 to rise to 8056. (b) Crude oil will crash if it trades below 7778 to 7729 and 7676. (c) Crude oil will rise quickly if it trades over 7914 for the rest of the day.

Natural gas May: (CMP Rs.576.10) 

View: Ng has to trade over 557.80 to rise to 612.20 and 649.20.

Copper May 2022: (CMP Rs.756.65)

View: Copper will crash only if it trades below 752.90 for the rest of the day to 748.40 and 743.70.

Zinc May 2022:(CMP Rs.311.80)

View: Zinc will crash only if it trades below 309.50 to 307.00 and 302.20.

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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