commodity market 5 th september - 2018

Daily  News Letter – 5th   September – 2018 Commodity Market

Gold  : Oct.      30175

Trend is bullish but some intra day higher level profit booking. Consider resistance 30250-30300, down side support nearly 30000  once break down and sustained below selling opportunity likely.

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 : Dec – 36815

  Heavy selling seen at higher level.   Resistance 37000-37200 range 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	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   5012

 Trend is positive but entered in over bought zone, so time being avoid to long side.  Wait for consolidation and sharp decline then good opportunity to buy side.  Close eye 4923 as remain above good.   Holding above 5000   up side open towards 5100 5200 in short 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   416

Bullish trend but multiple resistance at higher level 430-435 range and support 410 watch out.  Higher level be cautious to trapped. Now time to sell 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   893

Last week major support broken and finally closed below 920 mark.  Over all some bearish view and sell side on rise. Intra day rise to sell 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	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.  202.60

 Overall bullish with consider support 200 and resistance 207 watch out. Higher level locate selling opportunity.

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.  146.90  

Some reversal seen at higher level but trend is bullish and wait for decline to re enter in this commodity for target 155  to 160 range.  Major support 138-140 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	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. 173.10

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 towards 165-160 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	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. 147.80

Over all  trading range but lower level 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	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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