Daily News Letter – 4th Oct 2018 Commodity Market

Gold  : Oct.      31150

Bullish trend  with consider decent support 30000-30100 range in near term and any dip to buy side.   Trading above 30800  positive bias continue.

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 –  39115

On Friday heavy buying see at lower  level and almost gained more than 1000 points from a lower level and closed above 39000.  We are long above 38000.  Keep a trailing stop loss  39000 and hold long 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    5655

 After Profit booking again it has been started up ward move and finally able to closed above 5300 mark.  All target have been achieved.  Now move above 5500 more up side.  Up move continue and do not think short sell….   As Brent Crude oil  trading above 85 more up 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   465  

After sharp rise it was expected that it will take some profit booking at resistance level and finally it was closed at 453 Mark.    Ready to blast above 465…..

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   953

Ready for big blast with consider support 930-935 and resistance  961-965, thereafter non stop target 1000-1025.  Buy and hold

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.  239  

 As we were continue writing a bullish and any decline to good buy side.  We are bullish above 200 mark and any decline to buy side. Trading above 50-100-200 DMA only bullish view.  Up move continue.

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.  166

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.  Very hot and see what happened and in a one trading session made a high 166.

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.  200

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.    Strong bullish favour, now stay above 202-205 real move will start and do not think any short sell of this commodity.  

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.  150.25  

Overall trading range and time for consolidation side. Wait for break out in either side.  Ready for big blast  at any time.

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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