Gold Silver Sentiment remained bearish on the back of a weak trend overseas as the dollar strengthened to a 10-week high against the yen, boosted by better-than-expected US gross domestic data for the fourth quarter, making bullion less attractive as a safe-haven investment, traders were quoted as saying in the PTI report. Gold prices had fallen by Rs. 570 in the previous two days.
Mcx Tips
MCX Gold Target 33800—34333, Buy on Dips – Neal Bhai
MCX Gold Target 33800—34333, Buy on Dips – Neal Bhai
MCX Gold settled up 0.2% at 33367 as the dollar eased as trade tensions faded, but regained most of the lost ground as the day progressed. Trade tensions easing as the U.S. President Donald Trump decided to delay the imposition of additional tariffs on goods imported from China.
MCX Crude Oil Tips Above 3900 Target 4080—4140—4220
MCX Crude Oil Tips Above 3900 Target 4080—4140—4220
MCX Crude Oil settled down 3.75% at 3932 after US President Trump said oil prices are “too high”. The comment that urges OPEC to lower the cost of crude put pressure on the Saudi-led group to soften its price-boosting output cuts.
MCX Copper Under Buying Zone Target 468—480, Very Very Soon
MCX Copper Under Buying Zone Target 468—480, Very Very Soon – Copper on MCX settled up 1.54% at 462.35 as inventories tumbled and investors bet on a U.S.-China trade deal.
Commodities Weekly Technical Research Report 25-02-19 To 01-03-19
Commodities Weekly Research Report
MCX Weekly Forecast : 25 February To 01 March 2019
Spot Gold Golden Triangle Pattern, Above $1300 Target $1352—$1372 – Neal Bhai
Spot Gold Golden Triangle Pattern, Above $1300 Target $1352—$1372 – Neal Bhai
MCX Zinc Ready For Big Upside Target 198—202—212—216, Need Patience
MCX Zinc Ready For Big Upside Target 198—202—212—216, Need Patience
MCX Lead Above 140 Target 149—154, Buy on Dips – Base Metal
MCX Lead Above 140 Target 149—154, Buy on Dips – Base Metal Reports
MCX Aluminium Above 125 Target 138—142, Buy on Dips – MCX Tips – Rocking
MCX Aluminium Above 125 Target 138—142, Buy on Dips
MCX Aluminium Above 125 Target 138—142, Buy on Dips – Aluminium on MCX settled up 0.04% at 130.85 gained from the day’s low on short covering tracking 3-month aluminium price on the London Metal Exchange which was little changed on Tuesday February 19, with continued volatility in stock flows across LME-listed Malaysian warehouses doing little to jolt the metal’s stagnant price action.
MCX Silver Above 39200 Level – Ultimate Target 41800— 42220, With in 10 To 15 Days
Gold Silver Reports (GSR) – Silver on MCX settled up 0.52% at 40170 as the dollar dropped as the prospects of a Sino-U.S. trade deal improved investors’ appetite for riskier assets.