Daily News Letter – 1ST Oct 2018 Commodity Market

Gold  : Oct.      30508

Bullish trend  with consider decent support 30000-30100 range in near term and any dip to buy side.  Higher level resistance 31000  once stay it will show real move.

R A N G E	High	Low	Close	5 DMA	10 DMA	50 DMA	100 DMA	200 DMA
Last Week Range - MCX	30892	30220	30508
52 Week Range - MCX	31963	29268								---
52 Week Range COMEX	1365	1161	1196	1200	1201	1234	1234	1281
Trend –Strategy-MCX	Time for Consolidation

Silver : Dec –  38600

On Friday heavy buying see at lowr level and almost gained more than 1000 points from a lower level and closed above 38200 which was previous resistance.  Short term trend have been changed with consider support 3800 and 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
52 Week Range - MCX	42304	36423
52 Week Range COMEX	17.625	13.91	14.690	14.369	14.290	14.591	15.327	15.908
Trend –Strategy-MCX	Sharp decline to buy side

Crude Oil – Sept    5335

 After Profit booking again it has been started up ward move and finally able to closed above 5300 mark. Trend is bullish with consider support 5000 mark in near term and 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	5195	4962	5146	5086	5034	4816	4770	4427
52 Week Range - MCX	4947	4097
52 Week Range COMEX	82.87	55.06	82.88	81.80	80.30	79.12	76.18	72.50
Trend –Strategy-MCX	Bullish Trend

Copper ---Sept   453

After sharp rise it was expected that it will take some profit booking at resistance level and finally it was closed at 453 Mark.   However, trend is bullish but next move above 465.  Lower level decent support 440 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
52 Week Range – MCX	499	402.55
52 Week Range COMEX	3.297	2.562	2.803	2.799	2.761	2.691	2.850	2.989
Trend –Strategy-MCX	Bullish Trend

Nickel –Sept   913

After recovery  again selling pressure seen . Now consider support near 880 as long as remain above some dip to buy side, once break down, another 50 points down easily.

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
52 Week Range - MCX	1066	900	--
52 Week Range COMEX	16687	10215	12547	12736	12673	13163	13927	13625
Trend –Strategy-MCX	Bullish Trend

Natural Gas –Sept.  218.50    

 As we were continue writing a bullish and any decline to good buy side. After made a high 226 some profit booking attract but decent support nearly 210-211 range and remain above no problem for bull 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
52 Week Range - MCX	209.40	185.70
52 Week Range COMEX	3.61	2.53	3.002	3.040	2.981	2.887	2.884	2.850
Trend –Strategy-MCX	Strong Bullish Trend

Aluminum –Sept.  149.50

Some recovery seen from a lower level and almost made a low last week 144 mark.  Now higher level resistance and supply zone is 150-152 range once successfully stay above, it will move like rocket. Above 152   any short will be danger.  

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
52 Week Range - MCX	175.25	136.50
52 Week Range COMEX	2715	1978	2053		2045	2050	2055	2134	2160
Trend –Strategy-MCX	Time for consolidation

ZINC -  Sept.  191

Very bullish trend   and it was mentioned in this column that above 180 some positive bias and once stay and crossover 185 strong move towards 195 to 200 and almost made a high 195 on Friday sessions.    

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
52 Week Range - MCX	198	164.60
52 Week Range COMEX	3595	2285	2596	2534	2477	2432	2714	3015
Trend –Strategy-MCX	Ready for Trend Change

LEAD – Sept. 147.90

Overall trading range and time for consolidation side. Wait for break out in either 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
52 Week Range - MCX	170	137.25
52 Week Range COMEX	2685	1922	2032	2013	2028	2036	2227	2348
Trend –Strategy-MCX	Time for consolidation.

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