Morning Newsletter (7 th Jan- 2019)

Size: px

Start display at page:

Download "Morning Newsletter (7 th Jan- 2019)"

Clinton Clark
5 years ago
Views:

1 (7 th Jan- 2019) 1

Precious Metals 7 th -Jan-2018 MCX GOLD Daily Chart GOLD Commentary Gold hit its much-awaited $1,300 target Friday, triggering an equally anticipated profit-taking raid that allows the market a

MCX SILVER Daily Chart SILVER Commentary For one thing, Fed Chairman Jerome Powell has signaled that he might be more "patient" with rate hikes in 2019, just as President Donald Trump has been hoping

2 Precious Metals 7 th -Jan-2018 MCX GOLD Daily Chart GOLD Commentary Gold hit its much-awaited $1,300 target Friday, triggering an equally anticipated profit-taking raid that allows the market a breather after a three-week buildup. Buy GOLD above TGT / SL Sell GOLD below TGT / SL DATA Watch: CANADA Ivey PMI, US ISM Non-Manufacturing PMI. MCX SILVER Daily Chart SILVER Commentary For one thing, Fed Chairman Jerome Powell has signaled that he might be more "patient" with rate hikes in 2019, just as President Donald Trump has been hoping the central bank would. silver futures fell 0.3% to $15.75 per troy ounce. Buy SILVER above TGT / SL Sell SILVER below TGT / SL DATA Watch: PMI. CANADA Ivey PMI, US ISM Non-Manufacturing 2

3 Energy 317 st th -July Jan-2018 MCX CRUDE OIL Daily Chart CRUDE OIL Commentary U.S. crude oil inventories rose less than expected last week, the Energy Information Administration said in its weekly report on Wednesday. Buy CRUDE OIL above 3386 TGT 3414 & 3447 SL 3348 Sell CRUDE OIL below 3310 TGT 3282 & 3249 SL 3348 DATA Watch: CANADA Ivey PMI. MCX NATURAL GAS Daily Chart NATURAL GAS Commentary U.S. natural gas inventories dropped by much less than expected last week and prices that have moved lower over the past two weeks lost a bit of their early-morning gains. Buy NG above TGT & 217 SL Sell NG below TGT & SL

4 Base Metals 317 st th -July Jan-2018 MCX COPPER Daily Chart COPPER Commentary Copper s three-month price was the best performer over the afternoon, gaining more than 3% and reaching an intraday high of $5,933 per tonne. The metal s three-month price has been trading below $6,000 per tonne since December 20. Buy COPPER above TGT / SL Sell COPPER below TGT / SL MCX ALUMINIUM Daily Chart ALUMINIUM Commentary The benchmark for the supply of aluminium to main Japanese ports (MJP) in the first quarter of 2019 has settled in a premium range of $83-85 per tonne cif over the London Metal Exchange price, the lowest level in more than two years. Buy ALUMINIUM above TGT & SL Sell ALUMINIUM below TGT & SL

Base Metals 317 st th -July-2017 -Jan-2018 MCX LEAD Daily Chart LEAD Commentary Lead may expect a mild recovery rally until close below 135.3 level. Buy LEAD above 137.3 TGT 137.8 & 138.4 SL 136.

5 Base Metals 317 st th -July Jan-2018 MCX LEAD Daily Chart LEAD Commentary Lead may expect a mild recovery rally until close below level. Buy LEAD above TGT & SL Sell LEAD below TGT & SL MCX ZINC Daily Chart ZINC Commentary Zinc has 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 positive bias until close below 735 range. Buy NICKEL above 778 TGT & SL Sell NICKEL below TGT & SL

6 Pivot Table Morning & Economic Newsletter Calendar SUPPORTS & RESISTANCES 31 st -July th -Jan-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 CANADA Ivey PMI PM US ISM Non-Manufacturing PMI PM 6

7 Morning Disclaimer Newsletter 31 st -July th -Jan-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.