commodity market 3 th september 2018

Daily  News Letter – 3th  September – 2018 Commodity Market

Gold  : Oct.      30129

 Selling opportunity at higher level resistance around 30400-30500  and support watch   29800-29700 range.

Some Technical Indicators :

R A N G E	High	Low	Close	5 DMA	10 DMA	50 DMA	100 DMA	200 DMA
Last Week Range - MCX	30359	29883	30129
52 Week Range - MCX	31963	29268								---
52 Week Range COMEX	1365	1161	1207	1205	1202	1281	1261	1289

Silver : Sept – 36701

 Selling opportunity at higher level continue with consider support nearly 36500-36400, upper side resistance nearly 37000-37200 range. Higher level to sell side.Break down 37200  so short term down side with consider support 36500.

Some Technical Indicators :

R A N G E	High	Low	Close	5 DMA	10 DMA	50 DMA	100 DMA	200 DMA
Last Week Range - MCX	37525	36656	36701	36993	36921	38274	39090	38806
52 Week Range - MCX	42304	36423
52 Week Range COMEX	18.16	14.395	14.575	14.368	14.700	14.809	15.868	16.250

Crude Oil – Sept  -4959

 We are long from a very low level i.e. 4525 and our target 5000  have been achieved. Over all trend is bullish and some more steams left which will move towards 5150-5200 in near term.

Some Technical Indicators:

R A N G E	High	Low	Close	5 DMA	10 DMA	50 DMA	100 DMA	200 DMA
Last Week Range - MCX	5013	4796	4959	4904	4811	4806	4695	4330
52 Week Range - MCX	4947	4097
52 Week Range COMEX	80.50	51.99	77.69	76.95	75.19	74.87	75.25	70.91

Copper ---Sept   424.

Very bullish trend with consider support 420-415 range and upper side it will face resistance 435-440.  Any dip to buy side.

Some Technical Indicators:

R A N G E	High	Low	Close	5 DMA	10 DMA	50 DMA	100 DMA	200 DMA
Last Week Range - MCX	425	413	414	420	417	426	445	446
52 Week Range - MCX	499	402.55
52 Week Range COMEX	3.297	2.562	2.663	2.706	2.696	2.762	2.933	30.31

Nickel –Sept   910

Heavy short seen at higher level on Friday trading and finally it was break down support level and closed below.   Now consider resistance 930-935 range and downside support 900 and below towards 880 watch out.

Some Technical Indicators:

R A N G E	High	Low	Close	5 DMA	10 DMA	50 DMA	100 DMA	200 DMA
Last Week Range - MCX	956	917	922	938	938	954	969	897
52 Week Range - MCX	1066	900	--
52 Week Range COMEX	16687	10212	12815	13327	13418	13506	14242	13508

Natural Gas –Sept.  207

 Overall bullish view with consider support 200-202  and resistance 210-212.     

Some Technical Indicators:

R A N G E	High	Low	Close	5 DMA	10 DMA	50 DMA	100 DMA	200 DMA
Last Week Range - MCX	208	200	207	203.32	205.00	197.96	194.95	188.65
52 Week Range - MCX	209.40	185.70
52 Week Range COMEX	3.661	2.53	2.912	2.883	2.914	2.860	2.858	2.840

Aluminum –Sept. 150.10

As mentioned resistance at higher level continue and we have seen reversal.   So at resistance level to sell side.   Higher level 152-153 are major resistance zone and reversal to best opportunity to short side. Yesterday it was made a high 153.65 and reversal  seen

Some Technical Indicators :

R A N G E	High	Low	Close		5 DMA	10 DMA	50 DMA	100 DMA	200 DMA
Last Week Range - MCX	152	144	150	148.85		146.34	143.62	149.36	143.45
52 Week Range - MCX	175.25	136.50
52 Week Range COMEX	2715	1978	2120		2128	2094	281	2188	2162

ZINC -  Sept. 176.10    

Trend is bearish and looks some more down side in coming days.   Resistance watch out 181-182 range and support 170  once break free fall.  

Some Technical Indicators :

R A N G E	High	Low	Close	5 DMA	10 DMA	50 DMA	100 DMA	200 DMA
Last Week Range - MCX	181	173	178	177.30	174.97	181.14	195.49	205.17
52 Week Range - MCX	198	164.60
52 Week Range COMEX	3595	2286	2461	2499	2460	2596	2855	3055

LEAD – Sept. 146 

Over all  trading range  and multiple resistance ahead at higher level which is placed 149 to 152 range and remain below higher level good opportunity to short side.

Some Technical Indicators:

R A N G E	High	Low	Close	5 DMA	10 DMA	50 DMA	100 DMA	200 DMA
Last Week Range - MCX	148	145	146	145.65	143.47	150.33	155.54	158.29
52 Week Range - MCX	170	137.25
52 Week Range COMEX	2685	1921	2088	2080	2047	2180	2285	239

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