COMMODITY UP DATED :  9TH July 2018


COMMODITY UP DATED :  9TH  July 2018

Gold  : August

Over all trading range with consider decent support 3000-30200 range and as long as hold these level upside open towards 31000  in coming days so any dip to buying opportunity.

Some Technical Indicators :

Last Week High Low Close 50 DMA 200 DMA
  30737 30244 30560 30959 30163

Silver : Sept –

As last week it was mentioned that decent support 39000  and to buy side and finally it was made a high during week 4000 above with closed positive bias with consider support nearly 39500 to 39000 range, once closed above 40000 sharp move cannot be ruled. Out

Some Technical Indicators :

Last Week High Low Close 50 DMA 200 DMA
  40050 38560 39766 39847 39147

 

Crude Oil 19th July 

Overall trend is extremely bullish and likely to test 5500 mark in coming days with consider decent support 4600-4700 range and holding these level  any dip to buy side.  Once sustained above 5170, strong up move on card.

Some Technical Indicators :

Last Week High Low Close 50 DMA 200 DMA
  5173 4971 5075 4691 4072


Copper August 

We are bearish from the level of 490 and finally it was made a low 428.  Strong bear grip and any rise to sell side, do not try to bottom fishing in this commodity, more lower level expected in coming days.

Some Technical Indicators:

Last Week High Low Close 50 DMA 200 DMA
  453 428 432 461 451


Nickel July

We are bearish below 1000 and finally it was made a low 954 and closed nearly a weekly low. So trend is continue bearish and any rise to sell.

Some Technical Indicators :

Last Week High Low Close 50 DMA 200 DMA
  1021 954 959 995 859

 

Natural Gas 26th July

Hot sell and break down support level, consider resistance near 201-202 range and remain below to sell side.

Some Technical Indicators :

Last Week High Low Close 50 DMA 200 DMA
  200.80 194.70 196.70 195.65 188


Aluminum July

Yesterday major support broken   145 and made a low 143.50. Wait for more confirmation before any  trading call. Support broken to sell side.

Some Technical Indicators :

Last Week High Low Close 50 DMA 200 DMA
  147.50 143.10 143.85 153.20 142.60

 

ZINC –  July  144.70

We are bearish below 200  and almost made a low 185 and our projected target 181.  As long as trading below 50 and 200 DMA sellside.

Some Technical Indicators :

Last Week High Low Close 50 DMA 200 DMA
  199.85 185.35 190.60 206.70 211.85


LEAD July

Break down in trading range looks more down side with consider resistance 163    164 range, break down 160   more panic likely in this commodity.

Some Technical Indicators:

Last Week High Low Close 50 DMA 200 DMA
  166.75 159.08 161.55 162.85 16135

 

For Feedback/clarification/querry, simply drop us a mail at : backoffice.3mteam@gmail.com. Cell No.  9630466296 (also available on whatasapp

With Regards

3M TEAM Research

+919630466296  /  9301302732 

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