3 Best MCX Commodities Reports and Gold, Silver & Crude oil Technical Analysis for Monday opening bell!
In the our previous update, We have clearly told you nifty has targets 9189 and 9222, after that you know nifty created 9212. Click here
One more stock updated by us in past is Reliance stock future for selling 1326 nearby but created high 1327 and its could not climb more that it. Click here
Now, You have turn your attention on nifty future with chart. Herein the chart with resistance level and target of 60-95 points profit.
You have to keep patience for level up …. More details are for subscribers…!
We have mentioned many times in previous newsletters, “COMEX volatility because of political uncertainty”. Do you know, three trillion dollars gained in the U.S. markets after U.S. election? Major commodities were up last week. 0.25% interest rates risen last week and gold futures increased 2.67% & silver futures increased 2.75%!
Since March beginning crude oil future was declining but it had slightly recovered 1.16% on last week. The noticeable thing is crude oil future price doesn’t impact much on MCX energy sector black oil. And the interesting thing is MCX Natural gas moving upside like a boss!
|MCX WEEKLY TOP GAINERS||MCX WEEKLY TOP LOSERS|
If we talk about today gold direction then I should say gold will remain down because of political uncertainty. On next newsletter, I will write gold next move for short-term / long-term investors so doesn’t miss to visit Moneymunch.com on Monday.
Gold opening bell may downside and in opening hours it will try to run upside. I’d recommend keeping watch gold between 28800 – 28745 range.
Nickel looks under selling pressure. If it will remain below to 661.5 levels more than 15min then sell nickel for 654-652 below levels.
Gold closed at $1228.8 (+$2.5) and Silver closed at $17.38 (+$0.06) its highest level since the beginning of March. Both gained 2% in the last week. The U.S. dollar index edged higher on political uncertainty and it fell more than 1%. Gold remained up last week because the Fed’s interest rate (1.4%) trajectory remains unchanged.
In the our last updated for nifty future have mentioned up-reversal was perfect. if you remember, it was traced trend of up in last update with reversal point. but, today update is indecisive. Look at the chart, you will get support where traders can start buying.
You have to wait for level come to trade. As mentioned in chart 9056 nearby great change to buy nifty. Deep is great idea for long. Yes Doji is sign of reversal but it till not confirmation of reversal. 9131 above trade is up move.
- USDINR $ 64.8600 INR
- EURINR € 69.6181 INR
- GBPINR £ 81.0815 INR
- JPYINR ¥ 00.5831 INR
- 2017-03-30 14:40:46