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Published on 12/06/2019 10:28:50 AM | Source: Hem Securities Ltd

Commodity Technical Outlook 12 June 2019 - Hem Sec

Posted in Commodities Reports| #Commodity Tips #Hem Securities Ltd

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GOLD MCX Future Aug CMP: Rs. 32730 (0.30%)

The trade tensions between United States and China boosted the demand for the safe haven as the commodity bounced back to the levels of Rs. 32700. Though any positivity can be expected only above the resistance levels. Investors are advised to trade cautiously at the current levels. Support can be seen at Rs. 32500 & 32450 whereas resistance at Rs. 32830 & 32950.

 

NATURAL GAS MCX Future June CMP: Rs. 166.50 (0.18%)

Ahead of the inventory report , the commodity is looking at a rebound and some positivity can be expected in the coming days. Investors are advised to go long but maintain a strict stop loss due to volatility. Support can be seen at Rs. 165.40 & 164.30 whereas resistance at Rs. 166.80 & 168.40.

 

 

Recommendations

Buy Natural Gas Above 166.90 Stop Loss 164.60 Target 168-170.

 


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