Bullion Gold

Silver

Base Metal

Copper

Zinc

Lead

Aluminium

Nickel

Energy Crude Oil

Natural Gas

Agro RM Seed

Soybean

05th Sept -2019

Gold

On the daily chart, MCX Gold price has glittered with the gain of 0.47% on the previous trading session. Moreover, price has closed above the rising trend line and it has shown a breakout from upper Bollinger Band, which indicates to continue this bullishness ahead. Furthermore, it has traded above 21*50 days SMA’s, which add positive strength for moving upside. On the other hand, price has traded above Parabolic Sar. Additionally, momentum indicator RSI(14) and MACD have been continuously moving at bullish zone, which indicate more bullishness in the counter. So, based on these technical analysis we expect bullish move on the counter.

On the daily chart, MCX Silver price has been glittering from last four days continuously and it has closed with the gain of 1.75% on the previous trading session. Moreover, price has closed above the upper line of rising channel and also it has shown a breakout from upper Bollinger Band, which add positive strength in the counter to move upside. On the other hand, price has traded above 21*50 days SMA’s, which is a bullish indication for the counter. In addition, momentum indicator RSI (14) and MACD have been moving at bullish zone, which signifies upside move for the day. Hence, on the basis of above technical structure we expect upside movement in the counter.

Oct. Silver Dec

Bullish 51800/52000

50950

39848

Bullish

39980/40150

39700

Gold 38984 39171 39511 39698 40038 40225 40939

Silver 49721 50086 50760 51125 51799 52164 53567

51434

On the daily time scale, MCX Copper

price has glittered with the gain of 1.95%

the last trading session. Moreover, price

has shown an upside breakout from

falling trendline and also it has shifted

above 21*50 days SMA’s, which shows

positive strength in the price to move

upside. On the other hand, price has

shifted above the Parabolic Sar.

Additionally, momentum indicator RSI

(14) and MACD have shown positive

crossover. So, we can expect bullish trend

for the day.

On the daily chart, MCX Nickel price has closed with the positive note with the gain of 1.00% on the previous trading session. Moreover, Nickel price has closed near upper band of Bollinger Band formation and rising trendline, which indicate more bullishness in the counter. Furthermore, price has traded above 21*50 days SMA’s and also it has closed above Parabolic Sar, which adds more positive strength to move upside in the near term. In addition, momentum indicator RSI (14) and CCI have continued positive move. Based on the these analysis we could suggest upside move in the counter for the day.

Copper Sept. Nickel Sept.

449.40

Bullish

451/455

1282.10 Bullish

1300/1320

1255

Copper 436 439 444 447 453 455 467

Nickel 1244 1256 1268 1280 1293 1305 1341

443.5

On the daily chart, MCX Crude oil has shown a dovish stance by the gain of 4.80% on the last trading session amid the positive Chinese Service Sector Data. Moreover, price has shown an upside breakout from 200 days SMA’s and it has closed above the Falling Trendline, which indicate more bearishness. On the other hand, price has also moved above 21*50 days SMA’s. Additionally, momentum indicator RSI (14) and MACD have shown positive crossover, which signify more positive movement. Hence, on the basis of these technical formation we expect bullish move.

On the daily chart, MCX Natural Gas (Sept) price has closed with the gain of 2.04% on the previous trading session. Moreover, price has traded near upper band of Bollinger Band formation and also it has shifted above Parabolic Sar, which indicate more bullishness ahead. Furthermore, price has closed above the 21*50 days SMA’s, which adds positive strength in the counter. In addition, momentum indicator RSI(14) and MACD have been continuing positive crossover, which indicate bullish move in the counter. So, based on these technical analysis we expect bullish move on the counter.

Crude Oil Sept. Natural Gas Sept.

4073

Bullish

4020

175.40 . Bullish

178/180

171

Crude Oil 3743 3812 3944 4013 4145 4214 4485

Natural Gas

165 167 171 174 178 180 189

4100/4150

On the daily chart, NCDEX RM Seed (Sept) has declined by 0.28 % on the last trading day. Moreover, price has closed below the Ichimoku Cloud formation and also it has also closed below the 21*50 days EMA’s, which signify more bearishness in the counter for short term. On the other hand, price has traded below Parabolic Sar. In addition, momentum indicator RSI (14) and MACD have shown negative crossover, which indicate positive strength in the prices to move downside. Hence, based on these technical formation we expect bearish move for the day.

On the daily chart, NCDEX Soybean (Sept) has declined by 0.37% on last trading session. However, price has traded above the Ichimoku Cloud formation. Furthermore, price has also closed above the 21*50 days Exponential Moving Averages, which indicates bullish movement in the counter. Additionally, momentum indicator RSI (14) and MACD have shown positive crossover, which add positive strength in the counter to move upside. Hence, based on the these technical structure we can expect bullish move in the NCDEX Soybean (Sept) for the day.

RM Seed Sept. Soybean Sept.

Bearish

3865/3830

3940

3788

Bullish

3830/3865

3755

RM Seed 3858 3876 3888 3906 3918 3936 3985

Soybean 3697 3741 3771 3815 3845 3889 4008

3889

05:45PM ADP Non-Farm Employment Change 156K 148K

06:00PM ADP Non-Farm Employment Change 2.3% 2.2%

06:00PM Unemployment Claims 215K 215K

07:15PM Final Services PMI 50.9 51.0

07:30PM ISM Non-Manufacturing PMI 53.7 54.0

07:30PM Factory Orders m/m 0.6% 1.0%

08:00PM 07:30PM 60B 80B

08:30PM Crude Oil Inventories -10.0M -3.5M

Gold 1552.85

Silver 19.51

Crude Oil WTI 56.43

Brent Crude Oil 60.91

Natural Gas 2.446

USD / INR 71.87

Dollar Index 98.46

EUR / USD 1.102

CRB Index* 172.70

Copper 5790

Aluminum 1771

Zinc 2304.75

Lead 2052.25

Nickel 17720

Copper 47140

Aluminum 14350

Zinc 19050

Lead 17255

04.09.19

04.09.19

S3 S2 S1 Pivot R1 R2 R3

Copper 435.62 438.53 444 447 453 455 467

Aluminium 139 139.2 140 141 141 142 144

Lead 151 152 154 155 157 159 163

Nickel 1317 1304 1293 1280 1269 1256 1220

Zinc 196 192 189 185 183 179 168

Natural Gas 165 167 171 174 178 180 189

RM Seed 3858 3876 3888 3906 3918 3936 3985

Soybean 3697 3741 3771 3815 3845 3889 4008

RSO 741 745 749 753 757 761 772

Jeera 16670 16735 16840 16905 17010 17075 17310

TMC 6300 6426 6498 6624 6696 6822 7146

Guar Seed 4064 4125 4159 4220 4254 4315 4472

Dhaniya 5909 5942 6005 6038 6101 6134 6263

Castor Seed 5669 5701 5717 5749 5765 5797 5876

PIVOT TABLE