Daily Market Reflection 28th May 2018 Market Outlook
COMDEX
MCX Gold price confirmed breaching 31250 level after closing the daily candlestick above it, which pushes the price to recover and it’s return to the main uptrend again, Crude oil price closed yesterday’s trading below the bullish channel’s support line to start bearish correction that its first target located at 4665, the bearish trend will be expected on the intraday basis, MCX Copper price keeps looking for positive momentum, accompanied with its repeated stability above 465 level, the copper nature & behavior is important, to avoid any attempt to reach below the current support.
Fundamental News The U.S. dollar index testing the 94 level with Precious metal prices slipped on Friday as the dollar firmed against the other major currencies in Asia in late morning trade Friday. Amid increased output concerns from Russia and the Organization of Petroleum Exporting Countries, Crude Oil prices were lower on Friday.
Important Data Time
Currenc y
Event
All Day
GBP
Bank Holiday
All Day
USD
Bank Holiday
Forecast
Previou s
Market Updates MCX GOLD SILVER COPPER CRUDE ALUMINIUM LEAD NICKEL ZINC NATURALGAS
31463 40880 469.00 4853 156.65 170.00 1012.80 207.85 200.10
Date 25-0518 31189 40267 461.80 4597 153.10 164.45 994.10 207.05 199.50
COMEX
Date 24-05-18 1304.40 16.687 70.71 3.096 93.72 68.3550
Date 25-05-18 1303.20 16.545 67.72 3.075 94.15 67.7800
GOLD SILVER CRUDE COPPER $ INDEX USDINR -
Date 24-05-18
% Chg -0.91% -5.39% -1.55% -5.39% -2.42% -3.49% -2.14% -0.46% -0.45% % Chg -0.09% -0.85% -4.23% -0.68% +0.45% -0.84%
OUR PREVIOUS CALLS UPDATE Intraday super star Date Commodity Entry Exit P/L 24/0 GUARGU(L) 5 Multibagger Date Commodity 24/0 COPPER(L) 5 Trifid special Date Commodity 24/0 GOLD(S) 5
8280
-
-
Entry 467
Exit -
P/L -
Entry -
Exit -
P/L -
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