MCX Metals and MCX Energies Intraday View for 12th May

By: Admin
2 weeks ago
7002

Insignia Consultants

New Delhi

Thursday, May 12, 2022

TIME 11:37 AM IST                                

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MCX METALS AND ENERGIES INTRADAY VIEW

Gold June 2022:(CMP Rs.50859.00)

Trading Strategy: (a) Gold has to trade over 50701 to rise to 51118 and 51401. (b) Gold will crash only if it trades below 50701 to 50552 and 50269.

Silver July 2022: (CMP Rs.60360.00)

Trading Strategy: (a) Silver will crash if it trades below 59983 to 59624 and 58944

Crude oil May 2022: (CMP Rs.8109.00)

Trading Strategy: (a) Crude has to trade over 8013 to rise to 8320. (b) Crude oil will crash if it trades below 8013 to 7904 and 7794.

Natural gas May: (CMP Rs.587.10) 

View: Ng will crash if it trades below 579.10 to 560.10 and 548.30.

Copper May 2022: (CMP Rs.751.10)

View: Copper will crash only if it trades below 745.70 for the rest of the day to 734.70.

Zinc May 2022:(CMP Rs.312.70)

View: Zinc will crash only if it trades below 310.20 to 308.80 and 306.50.

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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