Bullion Gold

Silver

Base Metal

Copper

Zinc

Lead

Aluminium

Nickel

Energy Crude Oil

Natural Gas

Agro Jeera

Chana

26th April -2019

Gold

Gold prices inched up on Thursday as a retreat in equity markets and soft economic figures raised the alarm about the growth pace of the global economy. On the daily chart, price has given falling trend breakout, which intimate medium term trend remains bullish. On hourly chart, price has moved above 21 days SMA, which signifies bullish sentiments in the counter. Furthermore, a momentum indicator RSI (14) and MACD has traded on bullish mode with positive crossover on the daily chart. So based on the above technical analysis, we expect bullish move in Gold for the day.

MCX Silver closed up on Thursday session. On the daily chart, price has given Falling trend line breakout, which indicates bullish move in the counter. In addition, price has sustained above 21 days SMA ; which intimate medium term trend remains bullish. On an hourly chart, a momentum indicator RSI and MACD has shown positive crossover; which adds more bullishness to the price, which may keep the prices upside. So based on the above technical structure, we expect upside move for the day.

June Silver May

Bullish 37800/37900

37000

31901

Bullish

32100/32150

31800

Gold 31284 31392 31571 31679 31858 31966 32360

Silver 36520 36716 37076 37272 37632 37828 38581

37480

Copper prices closed down on Thursday

sliding alongside Chinese stocks as investors

weighed a report that Chinese leaders have

decided to focus on structural economic

reforms rather than stimulus measures.

Moreover, price has still been taken rising

trendline and 21 days DEMA support ,which

suggest further upside for near term.

Furthermore, price has been trading above

Parabolic SAR, which suggest strong bullish

trend to unfold. In addition, a momentum

indicator MACD has shown positive

crossover. Hence, we are expecting bullish

movement for the day.

MCX Zinc has closed up on Thursday. On the daily chart, price has taken rising trendline support, which indicate bullish trend near term. However, price has taken lower Bollinger Band support, which could be further support for the prices. Furthermore, price has been trading above Parabolic SAR, which suggest strong bullish trend to unfold. Moreover, price has moved above 21 days DEMA, which signifies bullish sentiments in the counter. So based on the above technical structure, we expect bullish move for the day.

Copper April Zinc April

445.1

Bullish

448/450

440

230.85 Bullish

231/232

228

Copper 440.7 442.7 446 448 451 453 460

Zinc 218 220 223 225 227 230 236

Crude Oil prices flat on Thursday as following the announcement that the US government won’t renew waivers that let countries buy Iranian oil without facing US sanctions. On a weekly chart, Price has sustained above 50% Retracement Level which acts as a support for bullish trend. In addition, daily price has been trading above Parabolic SAR, which suggest strong bullish trend to unfold. Moreover, price has moved above 21 days DEMA, which signifies bullish sentiments in the counter. Hence, we expect bullish move for the day.

MCX Natural Gas price closed up on Thursday trades. On a weekly chart, the price has been trading below the trendline and Ichimoku Cloud, which signifies bearish sentiments in the counter and led to downside in the price. However, price has been trading near lower Bollinger Band formation, which could be further support for the prices. A momentum indicator RSI(14) and MACD has been trading lower with negative crossover. So based on the above structure, we expect moderate bearish sentiments for near term.

Crude Oil April Natural Gas April

4634

Bullish

4500

175.3 . Bearish

172/171

180

Crude Oil 4507 4559 4589 4641 4671 4723 4856

Natural Gas

169 171 172 173 174 175 178

4720/4750

NCDEX Jeera has closed up on Thursday. On the daily scale, price has given Falling Channel breakout, which indicates bullish trend in the counter. Moreover, Price has sustained above “Ichimoku Cloud” where Tenken-sen has crossed Kijun-sen, which reinforce bullish signals for near term. Furthermore, a momentum indicator RSI and MACD has shown negative crossover on the daily chart; which adds more bearishness to the price. So based on the above technical structure, we expect bullish move in the prices for the day.

NCDEX Chana price closed down on Thursday and closed on negative note. On the daily chart, price has taken resistance and price has returned back from upper Bollinger band formation and sustained below it. Additionally, price has moved below 100 EMA on an hourly chart. Moreover, a momentum indicator RSI (14) has retreated from overbought zone, which signifies bearish sentiments in the counter. So based on the above technical structure, we expect bearish move in the prices for the day.

Jeera May Chana May

Bullish

17400/17500

16800

4370

Bearish

4320/4280

4550

Jeera 16757 16863 17057 17163 17357 17463 17870

Chana 4368 4388 4405 4425 4442 4462 4518

17075

6:00pm Advance GDP q/q 2.2% 2.2%

7:30pm Revised UoM Consumer Sentiment 96.9 97.1

7:30pm Revised UoM Inflation Expectations 2.4% -

Gold 1280.19

Silver 14.99

Crude Oil WTI 64.83

Brent Crude Oil 74.14

Natural Gas 2.51

USD / INR 70.26

Dollar Index 98.14

EUR / USD 1.1136

CRB Index* 185.9573

Copper 6365

Aluminum 1857

Zinc 2741

Lead 1932

Nickel 12325

Copper 48860

Aluminum 14155

Zinc 21685

Lead 16605

18.04.19

18.04.19

S3 S2 S1 Pivot R1 R2 R3

Copper 438 441 444 447 449 453 462

Aluminium 151 151.4 152 153 153 154 156

Lead 132 133 134 134 136 136 139

Nickel 854 857 860 864 866 870 880

Zinc 225 226 228 230 232 233 238

Natural Gas 168 169 172 174 176 178 184

RM Seed 3752 3766 3775 3789 3798 3812 3850

Soybean 3672 3691 3705 3724 3738 3757 3810

RSO 731 735 740 744 749 753 767

Jeera 16650 16845 16960 17155 17270 17465 17970

TMC 6255 6333 6443 6521 6631 6709 6974

Guar Seed 4292 4323 4340 4371 4388 4419 4499

Dhaniya 7224 7314 7398 7488 7572 7662 7927

Castor Seed 5535 5643 5701 5809 5867 5975 6250

PIVOT TABLE