10/10/2018
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free : 18003157801
10/10/2018
Energy:-The
S&P/TSX
Composite
Index (INDEXTSI:OSPTX) edged slightly higher at open on Friday (October 5), sitting at 16,017.27. Gains in the gold sector accounted for the uptick. However, a dip in the energy sector kept the exchange from increasing too much. By mid-day the TSX had slipped 62.41 points to 15,954.86.Base metals and precious metals erased the Friday morning gain, and dropped an additional 0.5 percent. Meanwhile, the energy sector continued its downward trajectory losing 0.9 points by 11:50 am EST.
.
Base:-
The copper price has fallen from grace in 2018, dipping below the $3-per-pound mark, but some companies focused on the base metal have still enjoyed gains. With Q3 over and done, the Investing News Network has rounded up the best copper stocks on the TSX by share price performance so far this year. All have experienced positive momentum at their copper assets in 2018, with the biggest gainer being up nearly 100 percent year-to-date.All year-to-date and share price information was obtained at close of day on October 8 from TradingView. All companies listed had market caps above C$50 million at that time
Bullions:- The gold price has fallen in 2018, but some believe the yellow metal has held up reasonably well considering the headwinds it’s faced. Speaking at the recent Denver Gold Forum, John Mc Cluskey, president, CEO and director at Alamos Gold (TSX:AGI,NYSE:AGI), commented, “given how strong the US economy’s been, how strong the US dollar is, how well US equities have been doing in particular, it’s remarkable that gold has held in as well as it has.” He added, “it’s been well supported at the $1,200 level. I’m more than happy with that given that we’re still able to operate at a profit and our operations continue to generate sufficient free cash flow for us to essentially carry out our growth and maintain a strong balance sheet.”
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free : 18003157801
10/10/2018
TECHNICAL ANALYST
GOLD
OUTLOOK:
TECHNICAL OUTLOOK TREND: - DOWN RESISTANCE: - 31450, 31550
MCX Gold futures technical chart has taken the formation of “Descending broadening SUPPORT: - 31250, 31150 wedge” pattern in daily time frame. Last few sessions ended up bearish in trend retesting the channel’s resistance slope line, where the marketSTRATEGY: is expected toON continue on bearish - BUY LOW. trend based on the current price action. The continuation of the trend will be confirmed once the prices breaks below the key support zone holding at 31200. The negative rally could be extending all the way up to 31120-31050 and furthermore levels in the upcoming sessions. An alternative scenario indicates that if the key support holds strong then the market might have a chance to retest the same and turn bullish. The upside rally could test up to 31400 levels. Key resistance holds at 31400.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free : 18003157801
10/10/2018
OUTLOOK:
SILVER
TREND: - DOWN RESISTANCE: - 38900, 39100 SUPPORT: - 38500, 38300 STRATEGY: - BUY ON LOW.
TECHNICAL OUTLOOK MCX Silver futures technical chart has taken the formation of “Megaphone chart” pattern in daily time frame. Last session ended up bullish in trend retesting a key support zone inside the channel, where the market is expected to continue on the bullish trend based on the price action. The positive rally could be extending all the way up to 39000-39350 levels in the upcoming sessions. An alternative scenario indicates that if the market breaks below the key support zone holding at 38400 then it might turn bearish once again. The downside rally could test up to 38200-38000 levels. Key resistance holds at 39350.
OUTLOOK: TREND: - DOWN
COPPER
RESISTANCE: - 465.50,468. SUPPORT: -460.50, 458. STRATEGY: - BUY ON LOW.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free : 18003157801
10/10/2018
TECHNICAL OUTLOOK Copper daily chart has formed “Megaphone chart� pattern. The last few sessions been in bullish trend, retesting near an interim trend line inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance zone holding at 465. The upside rally could be testing all the way through 468-470 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 455 levels. Key support holds at 455.
OUTLOOK: TREND: - DOWN
CRUDE OIL
RESISTANCE: - 5570, 5600. SUPPORT: - 5510, 5470 STRATEGY: - BUY ON LOW.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free : 18003157801
10/10/2018
TECHNICAL OUTLOOK MCX Crude Oil futures technical chart has taken the formation of “Ascending broadening wedge� pattern in daily time frame. Previously few sessions ended up bullish in trend after retesting an interim trend line inside the channel. As per the technical aspects based on the price action, the market is expected to continue on the bullish trend. The positive rally could be testing all the way up to 5600-5660 levels in the upcoming sessions. An alternative scenario indicates that the market might have a chance to give a small correction along the way over negative momentum. Such correction could possibly test up to 5500 levels. Key resistance holds at 5660 and support at 5460.
DISCLAIMER The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free : 18003157801
10/10/2018
Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility. The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Trade India Research Recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Trade India Research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to Trade India Research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer.
All Rights Reserved. Investment in Commodity and equity market has its own risks. We, however, do not Touch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above. Trade India Research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free : 18003157801
10/10/2018
or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free : 18003157801