Commodities Weekly Technical Research Report 22 — 26 April 2019 – Gold Silver Reports

Commodities Weekly Recommendation & Forecast : 22 April To 26 April 2019

Gold Weekly Recommendation – Trend Down ⇒ Sell Gold MCX Between 31850 – 31950, Stop Loss (CBSL) – 32100 Target – 31410 ↔ 31200 (Gold POSITIONAL CALL)

Silver Weekly RecommendationTrend Sideways ⇒ Sell Silver MCX Between 37750 – 37850, Stop Loss (CBSL) – 38333, Target – 36700 ↔ 36400 (Silver POSITIONAL CALL)

Copper Weekly Recommendation Trend Sideways ⇒ Sell Copper MCX Between 452 – 454 Stop Loss (CBSL) – 462, Target – 442 ↔ 437 (Copper POSITIONAL CALL)

Crude Oil Weekly Recommendation Trend Sideways ⇒ BUY Crude MCX Oil Between – 4440 – 4410 Stop Loss (CBSL) – 4300, Target – 4640 — 4700 (Crude Oil POSITIONAL CALL)

Natural Gas Weekly RecommendationTrend Sideways ⇒ BUY Natural Gas MCX Between 175 – 170, Stop Loss – 165, Target – 184 ↔ 195 (Natural Gas POSITIONAL CALL)

Last Week Report:- Commodities Weekly Technical Research Report 15 — 19 April 2019


WhatsApp No. 📲 9899900589

Multi Commodity Exchange of India Ltd (MCX) (BSE: 534091) is an independent commodity exchange based in India. It was established in 2003 and is based in Mumbai. It is India’s largest commodity derivatives exchange where the clearance and settlements of the exchange happens and the turnover of the exchange for quarter ended September 2018 was 1.78 billion rupees.

MCX offers options trading in gold and futures trading in non-ferrous metals, bullion, energy, and a number of agricultural commodities (mentha oil, cardamom, crude palm oil, cotton and others).

In 2016, MCX was seventh among the global commodity bourses in terms of the number of futures contracts traded, the latest yearly data from Futures Industry Association (FIA) showed.

In 2017 MCX partnered with Thomson Reuters to develop India’s first co-branded commodity index series, the iCOMDEX. iCOMDEX series consists of iCOMDEX Composite, iCOMDEX Base Metals, iCOMDEX Bullion, iCOMDEX Gold, iCOMDEX Copper and iCOMDEX Crude Oil.

Recently, the exchange has set up a web-based application “ComRIS” (Commodity Receipts Information System) in order to maintain electronic record of commodities deposited at the Exchange accredited warehouses and ensure flow of real time information from the warehouses.

Spread the love

Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

Comments are closed.