morning newsletter (26th - · pdf file31st-july-2017 morning newsletter mcx lead daily chart...
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1 Morning Newsletter
Morning Newsletter (26th– Mar- 2018)
2
Gold prices quickly climbed in Asian trading on Friday, as investors
rushed to safety amid escalating fears of a trade war following
U.S. President Donald Trump’s announcement of tariffs on Chi-
nese goods.
DATA Watch: US FOMC Member Dudley Speaks.
Precious Metals
26th-Mar-2018
Morning Newsletter
MCX GOLD Daily Chart
GOLD Commentary
Intraday View
Near term View
MCX SILVER Daily Chart SILVER Commentary
Silver has close above 39000 means positive bias to be rule out.
DATA Watch: US FOMC Member Dudley Speaks.
Strategy Corner:
Buy GOLD above 30998 TGT 31070 / 31151 SL 30907
Sell GOLD below 30816 TGT 30745 / 30663 SL 30907
Strategy Corner:
Buy SILVER above 38983 TGT 39031 / 39110 SL 38874
Sell SILVER below 38766 TGT 38717 / 38639 SL 38874
Intraday View
Near term View
3
Crude oil markets were positive during the week, showing plenty
of strength, but towards the end of the week, we started to see a
little bit of exhaustion as a general “risk off” attitude came into
the marketplace
DATA Watch: US FOMC Member Dudley Speaks.
Energy
31st-July-2017
Morning Newsletter
MCX CRUDE OIL Daily Chart
CRUDE OIL Commentary
MCX NATURAL GAS Daily Chart NATURAL GAS Commentary
Natural gas markets had another negative week, preceded by a
pair of the shooting stars, so selling off is technically what
should’ve happen, but we are testing a very serious support
region between the $2.60 level and the $2.50 level.
DATA Watch: Nil.
Strategy Corner:
Buy CRUDE OIL above 4290 TGT 4304 & 4323 SL 4266
Sell CRUDE OIL below 4242 TGT 4228 & 4209 SL 4266
Strategy Corner:
Buy NG above 170.1 TGT 170.6 & 171.4 SL 169
Sell NG below 167.9 TGT 167.4 & 166.6 SL 169
Intraday View
Near term View
Intraday View
Near term View
Energy
26th-Mar-2018
4
Base metals prices drop on trade-war fears; China plans US steel
pipe, all scrap tariffs.
DATA Watch: GBP German Buba President Weidmann Speaks, US
FOMC Member Dudley Speaks.
Base Metals
31st-July-2017
Morning Newsletter
MCX COPPER Daily Chart
COPPER Commentary
MCX ALUMINIUM Daily Chart ALUMINIUM Commentary
U.S. President Donald Trump on Thursday temporarily excluded
six countries and the European Union from higher import duties
on steel and aluminum due to come into effect on Friday.
DATA Watch: GBP German Buba President Weidmann Speaks, US
FOMC Member Dudley Speaks.
Strategy Corner:
Buy COPPER above 435.2 TGT 436.4 / 437.9 SL 433.4
Sell COPPER below 431.6 TGT 430.4 / 428.9 SL 433.4
Strategy Corner:
Buy ALUMINIUM above 132.95 TGT 133.3 & 133.75 SL 132.4
Sell ALUMINIUM below 131.85 TGT 131.5 & 131.05 SL 132.4
Intraday View
Near term View
Intraday View
Near term View
Base Metals
26th-Mar-2018
5
Lead may expect a gapping trade on opening bell followed by
tight range bound trade on Friday.
DATA Watch: GBP German Buba President Weidmann Speaks, US
FOMC Member Dudley Speaks.
Base Metals
31st-July-2017
Morning Newsletter
MCX LEAD Daily Chart LEAD Commentary
MCX ZINC Daily Chart ZINC Commentary
Zinc may expect a gapping trade on opening bell followed by
tight range bound trade on Friday.
DATA Watch: GBP German Buba President Weidmann Speaks, US
FOMC Member Dudley Speaks.
MCX NICKEL Daily Chart NICKEL Commentary
Nickel has witnessed a negative bias with positional support of
818 level.
DATA Watch: GBP German Buba President Weidmann Speaks,
US FOMC Member Dudley Speaks.
Strategy Corner:
Buy LEAD above 152.8 TGT 153.1 & 153.5 SL 152.3
Sell LEAD below 151.8 TGT 151.5 & 151.1 SL 152.3
Strategy Corner:
Buy ZINC above 209.9 TGT 210.35 & 210.9 SL 209.25
Sell ZINC below 208.6 TGT 208.15 & 207.6 SL 209.25
Strategy Corner:
Buy NICKEL above 849 TGT 852.7 & 857.3 SL 843.5
Sell NICKEL below 838.6 TGT 834.3 & 829.7 SL 843.5
Intraday View
Near term View
Intraday View
Near term View
Intraday View
Near term View
Base Metals
26th-Mar-2018
6 Morning Newsletter
SUPPORTS & RESISTANCES
Commodity S3 S2 S1 Pivot Point R1 R2 R3
GOLD 30663 30745 30826 30907 30988 31070 31151
GOLDM 30603 30703 30802 30901 31000 31100 31199
SILVER 38639 38717 38796 38874 38953 39031 39110
SILVERM 38657 38735 38812 38890 38968 39046 39123
ALUMINIUM 131.05 131.5 131.95 132.4 132.85 133.3 133.75
COPPER 428.9 430.4 431.9 433.4 434.9 436.4 437.9
LEAD 151.1 151.5 151.9 152.3 152.7 153.1 153.5
ZINC 207.6 208.15 208.7 209.25 209.8 210.35 210.9
NICKEL 829.7 834.3 838.9 843.5 848.1 852.7 857.3
CRUDE OIL 4209 4228 4247 4266 4285 4304 4323
NATURAL GAS 166.6 167.4 168.2 169 169.8 170.6 171.4
Morning Newsletter
31st-July-2017
ECONOMIC CALENDER
Country Economic Event Forecast Previous Time
EUR German Buba President Weidmann Speaks - - 3.00 PM
US FOMC Member Dudley Speaks - - 10.00 PM
Pivot Table & Economic Calendar
26th-Mar-2018
7
RESEARCHED & PREPARED BY
B.KESAVAMOORTHY— SENIOR MANAGER (RESEARCH )
CONTACT NO: 0422-4700840
EMAIL ID: [email protected]
LAL’S
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Morning Newsletter
Morning Newsletter
31st-July-2017
Disclaimer
26th-Mar-2018