European Central Bank President Mario Draghi warned on downbeat economic growth. “The risks surrounding the euro area growth outlook have moved to the downside on account of the persistence of uncertainties,” Draghi told, citing trade and geopolitical threats and emerging market volatility.
Analysis
Technical Analysis helps identify trading opportunities using actions of Market Participants through charts, patterns, and indicators – Gold Silver Reports
MCX Copper Trading Zone 407—418 Any Panic Buy
Copper on MCX settled up 0.04% at 409.75 after the biggest rise in three months in the previous session on investor hopes that Chinese measures to boost lending would be followed by progress in trade talks with the United States.
MCX Gold Resistance Level 31833, Sell On Rise – Neal Bhai
Gold Silver Reports (GSR ) – Gold Prices remain positive as the ongoing US government shutdown drags on risk appetite, and the uncertainty surrounding fiscal Policy may ultimately push the FOMC to endorse a wait-and-see approach at the next interest rate decision on January 30.
MCX Gold Below 31700 Level Big Down Side Expected – Sell on Rise – Neal Bhai
MCX Gold Below 31700 Level Big Down Side Expected – Sell on Rise – Neal Bhai
Some analysts are bullish on gold for 2019, given weakening US dollar outlook and expectations of slower pace of rate hikes from Fed. “Weakening US dollar outlook and very dovish pivots from the Fed, a lot of uncertainty boxed around equity markets.
Breaking News – Saudi Arabia to cut output by 900,000 Barrels a day in January – Neal Bhai Market Analyst
Gold Silver Reports (GSR) – Futures rose above $52 a barrel in New York. The industry-funded American Petroleum Institute was said to report U.S. crude supplies fell 10.2 million barrels last week, according to people familiar with the data. Earlier, oil settled higher on renewed optimism that announced production cuts from the OPEC+ coalition will re-balance global markets, while Libya’s biggest field remained shut, taking supply off line.
Dax Index Below 10940 Level Sell on Rise Only – Sell and Sleep – Neal Bhai (CFA)
Dax Index Below 10940 Level Sell on Rise Only – Sell and Sleep – Neal Bhai (CFA) Technical Power of CFA’s(CHARTRED FINANCE ANALYST)“No Magic, No Miracle, Just Power of Level”Neal Bhai Reports (NBR) By CFA’s and MFA’s Technical TeamMobile No. 9582247600 & 9899900589
Natural Gas $5.00 Level Should be Massive Resistance – Neal Bhai Reports
I believe that rallies are still to be sold, as the $5.00 level should be massive resistance. If we can break above there, then I think the market would take off to the upside very violently, but I think it’s very unlikely to happen.