Morning Newsletter (8 th May- 2018)

Size: px

Start display at page:

Download "Morning Newsletter (8 th May- 2018)"

Branden McCoy
6 years ago
Views:

1 (8 th May- 2018) 1

2 Precious Metals 8 th -May-2018 MCX GOLD Daily Chart GOLD Commentary Gold has witnessed a range bound trade. Buy GOLD above TGT / SL Sell GOLD below TGT / SL DATA Watch: CHINA Trade Balance, US Fed Chair Powell Speaks. MCX SILVER Daily Chart SILVER Commentary Silver has witnessed a range bound trade. Buy SILVER above TGT / SL Sell SILVER below TGT / SL DATA Watch: CHINA Trade Balance, US Fed Chair Powell Speaks. 2

3 Energy 31 8 thst -May July-2017 MCX CRUDE OIL Daily Chart CRUDE OIL Commentary Oil prices fell on Tuesday morning in Asia, retreating from threeand-a-half-year highs as traders waited for U.S. President Donald Trump s decision on whether the U.S. will re-impose sanctions on Iran. Buy CRUDE OIL above 4775 TGT 4791 & 4812 SL 4749 Sell CRUDE OIL below 4723 TGT 4707 & 4686 SL 4749 DATA Watch: CHINA Trade Balance, US Fed Chair Powell Speaks. MCX NATURAL GAS Daily Chart NATURAL GAS Commentary Natural gas markets rallied rather significantly during the trading session on Monday, reaching towards the $2.75 level. That s an area that has been both support and resistance recently, and it looks like the market is getting a bit overextended after the initial push higher. Buy NG above TGT & SL Sell NG below TGT & SL DATA Watch: Nil. 3

4 Base Metals 31 8 thst -May July-2017 MCX COPPER Daily Chart COPPER Commentary Copper may expect a sell on higher levels. Buy COPPER above TGT / SL Sell COPPER below TGT / SL MCX ALUMINIUM Daily Chart ALUMINIUM Commentary Aluminium may expect a sell on higher levels. Buy ALUMINIUM above TGT & SL Sell ALUMINIUM below TGT & SL

5 Base Metals 31 8 thst -May July-2017 MCX LEAD Daily Chart LEAD Commentary Lead may expect a sell on higher levels. Buy LEAD above TGT & SL Sell LEAD below TGT 156 & SL MCX ZINC Daily Chart ZINC Commentary Zinc may expect a sell on higher levels. Buy ZINC above TGT & SL Sell ZINC below TGT & SL MCX NICKEL Daily Chart NICKEL Commentary Nickel has witnessed a resistance near range. Buy NICKEL above TGT & SL Sell NICKEL below TGT & 927 SL

6 Pivot Table Morning & Economic Newsletter Calendar SUPPORTS & RESISTANCES 31 st -July th -May-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 CHINA Trade Balance 187B -30B Tentative US Fed Chair Powell Speaks PM GBP Halifax HPI m/m -0.3% 1.5% 1.00 PM 6

7 Morning Disclaimer Newsletter 31 st -July th -May-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 (24 th July- 2018)

Morning Newsletter (24 th July- 2018) (24 th July- 2018) 1 Precious Metals 24 th -July-2018 MCX GOLD Daily Chart GOLD Commentary Gold prices fell back towards one-year lows on Monday, as traders turned their attention towards the latest U.S.