Comex Report: 10th April 2019

By: Admin
75177

Insignia Consultants

New Delhi

Wednesday, April 10, 2019

TIME 8:45 AM IST                       

 -------------------------------------------------------------------------------------------------------------------------------------------

COMEX FUTURES REPORT  

Trump has just unleashed a global trade war. His message is for nations is to accept the demand made by him or face higher trade tariffs and trade barriers. There is also a threat of trade sanctions on nations opposing Trump. "Dushman ka dushman doost” is an old proverb in Hindi. This means that an enemies enemy is always your friend. The global enemy here is USA. Trump’s trade sanctions threat will only unite more and more nations to take unified action against USA. It can be achieved by reducing dependence on imports from USA and also diversifying arms imports. The end result is death of the US dollar.

COMEX GOLD JUNE 2019 – current price $1305.90

Bullish over $1303.20 with $1310.60 and $1323.10 as price target

Bearish below $1296.40 with $1290.90 and $1283.10 as price target.

Neutral Zone between: $1296.40-$1303.30

  • If gold falls today then $1290 is target.
  • Watch $1305. Gold can move $15 either side from $1305.

COMEX SILVER MAY 2019 – current price $1513.30

Bullish over $1500.80 with $1536.00 and $1556.00 as price target

Bearish below $1492.00 with $1483.00 and $1460.50 as price target

Neutral Zone between: $1492.00-$1500.80

  • Silver needs to trade over $1509 to rise to $1532 and $1556.
  • Small sell off will be there below $1509.
  • Day traders remain  on the sidelines till UK opens.

NYMEX CRUDE OIL (MARCH 2019)  - current price $64.10       

Bullish over $65.00 with $65.80 and $67.10 as price target

Bearish below $64.00 with $63.30 and $60.70 as price target

  • Crude oil can fall below $60.00 if it does not break $66 by Friday.

COMEX COPPER MAY 2019 – current price $292.90

Bullish over $291.80 with $295.50 and $299.60 as price target

Bearish below $289.10 with $284.30 and $281.70 as price target

Neutral Zone between: $289.10-$291.80

  • Crash will be there below $291.90.
  • Any increase in global slowdown threats will result in copper crashing.
  • Remain on the sidelines today.

HAPPY PROFITABLE TRADING

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 Chintan Karnani

Disclosure: Insignia consultants or it employees do not have any trading positions on the trading strategies mentioned above. Our clients do have positions on the trading strategies mentioned in the above report.

Insignia Consultants does not have any branches in India.

Insignia Consultants does not have any marketing agents in any city in India.

Trade without emotions

"Print this report only if absolutely necessary. Save Paper. Save Trees."

NOTES TO THE ABOVE REPORT

ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED

Follow us on Twitter @insigniaconsul1

The analyses are based on closing price of previous day. Maintaining proper stop loss is always recommended.

PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS

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

THE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT

Customer care/Whatsapp/Telegram: 9311139549

You can also mail your queries at ‘s

Chat Id: mcxsuretips@gmail.com (gtalk),  (10:30 am to 5:30 pm Indian time, Monday to Friday)