Morning Newsletter (12 th Nov- 2018)

Size: px

Start display at page:

Download "Morning Newsletter (12 th Nov- 2018)"

Marilyn Nelson
5 years ago
Views:

1 (12 th Nov- 2018) 1

Precious Metals 12 th -Nov-2018 MCX GOLD Daily Chart GOLD Commentary Gold's key support of $1,200 could also be under attack, with investors seeing little upside for the yellow metal amid the string

2 Precious Metals 12 th -Nov-2018 MCX GOLD Daily Chart GOLD Commentary Gold's key support of $1,200 could also be under attack, with investors seeing little upside for the yellow metal amid the string of U.S. rate hikes forecast. Buy GOLD above TGT / SL Sell GOLD below TGT / SL MCX SILVER Daily Chart SILVER Commentary The U.S. dollar index, which measures the greenback s strength against a basket of six major currencies, shot up up 0.22%, gaining nearly 1% in all over the two past sessions and heading for a fourth-straight week of gains. Buy SILVER above TGT / SL Sell SILVER below TGT / SL

Energy 31 12 st th -July-2017 -Nov-2018 MCX CRUDE OIL Daily Chart CRUDE OIL Commentary Iraq and Saudi Arabia agreed on Saturday to work together to stabilize oil markets, Iraq's Oil Ministry

3 Energy st th -July Nov-2018 MCX CRUDE OIL Daily Chart CRUDE OIL Commentary Iraq and Saudi Arabia agreed on Saturday to work together to stabilize oil markets, Iraq's Oil Ministry spokesman Asim Jihad said, without giving further details. Buy CRUDE OIL above 4398 TGT 4424 & 4455 SL 4362 Sell CRUDE OIL below 4326 TGT 4300 & 4269 SL 4362 MCX NATURAL GAS Daily Chart NATURAL GAS Commentary Prices were unaffected by a larger than expected build in natural gas inventories reported by the EIA on Thursday. The weather has been the driver and is expected to be colder than normal over the next 6-10 days which should increase heating demand driving up the price of natural gas. Natural gas stocks are less than last year and well below the five-year average range for this time of year. Buy NG above TGT & SL Sell NG below TGT & SL

Base Metals 31 12 st th -July-2017 -Nov-2018 MCX COPPER Daily Chart COPPER Commentary LME base metals prices rattled by dollar surge; copper. Buy COPPER above 433.65 TGT 435.45 / 437.55 SL 431.

4 Base Metals st th -July Nov-2018 MCX COPPER Daily Chart COPPER Commentary LME base metals prices rattled by dollar surge; copper. Buy COPPER above TGT / SL Sell COPPER below TGT / SL MCX ALUMINIUM Daily Chart ALUMINIUM Commentary Base metals on the London Metal Exchange were mostly lower at the close of trading on Friday November 9, with broad price weakness coming amid a fresh surge in the dollar index while investors heed caution over hawkish US-Sino trade relations. Buy ALUMINIUM above TGT & SL Sell ALUMINIUM below TGT & SL

Base Metals 31 12 st th -July-2017 -Nov-2018 MCX LEAD Daily Chart LEAD Commentary Lead has witnessed a

5 Base Metals st th -July Nov-2018 MCX LEAD Daily Chart LEAD Commentary Lead has witnessed a high volatility trade. Buy LEAD above TGT & SL Sell LEAD below TGT & SL MCX ZINC Daily Chart ZINC Commentary Zinc as witnessed a high volatility trade. Buy ZINC above TGT & SL Sell ZINC below TGT & SL MCX NICKEL Daily Chart NICKEL Commentary Nickel has witnessed a negative bias to use sell on high strategy. Buy NICKEL above TGT & SL Sell NICKEL below TGT & SL

6 Pivot Table Morning & Economic Newsletter Calendar SUPPORTS & RESISTANCES 31 st -July th -Nov-2018 Commodity S3 S2 S1 Pivot Point R1 R2 R3 GOLD GOLDM SILVER SILVERM ALUMINIUM COPPER LEAD ZINC NICKEL CRUDE OIL NATURAL GAS ECONOMIC CALENDER Country Economic Event Forecast Previous Time 6

7 Morning Disclaimer Newsletter 31 st -July th -Nov-2018 RESEARCHED & PREPARED BY B.KESAVAMOORTHY SENIOR MANAGER (RESEARCH ) CONTACT NO: ID: KESAVAMOORTHY.B@SKYCOMMODITIESMAILS.COM Disclaimer LAL S This report is for the personal information of the authorized recipient and is not for public distribution The information provided in the document is from information /data. available in public domain and other sources, which we believe, are reliable. We have made our best efforts to try and ensure accuracy of data however, Sky Commodities and/or any of its affiliates and/or employees shall not liable for resultant loss or damage that may arise from use of this document Sky Commodities and/or any of its affiliates and/or employees may or may not hold positions in any of the securities mentioned in the document. Investors should not solely rely on the information contained in this document and must make investment decisions based on their own investment objectives, risk appetite, investment horizon, financial strength or other parameter. The recipients of this material should take their own professional advice or consult your SEBI registered Investment Adviser for your specific Investment related advice/requirements and/or before acting on this information. The report also includes analysis and views expressed by our research team. The report is purely for information purposes and does not construe to be investment recommendation/advice or an offer or solicitation of an offer to buy/sell any securities. The opinions expressed are our current opinions as of the date appearing in the material and may be subject to change from time to time without notice. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to local law, regulation or which would subject Sky Commodities and affiliates to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction. 7

Morning Newsletter (6 th Nov- 2018)

Morning Newsletter (6 th Nov- 2018) (6 th Nov- 2018) 1 Precious Metals 6 th -Nov-2018 MCX GOLD Daily Chart GOLD Commentary Gold prices were little changed on Monday as traders braced for the U.S. mid-term elections and the Federal Reserve