MENU

Published on 18/06/2019 10:28:55 AM | Source: Hem Securities Ltd

Commodity Technical Outlook 18 June 2019 - Hem Sec

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

Now Get InvestmentGuruIndia.com news on WhatsApp. Click Here To Know More

GOLD MCX Future Aug CMP: Rs. 33050 (0.10%)

With the expectation of rate cut the commodity is looking attractive investment opportunity for the investors. Although after the profit booking the commodity moved in a sideways manner and any new trade should be initiated after breakout. Support can be seen at Rs. 32950 & 32900 whereas resistance at Rs. 33070 & 33150.

 

CRUDE OIL MCX Future June CMP: Rs. 3627 (0.49%)

With the weak global data and record production of United States Shale Oil output the commodity is looking to go on the bearish run. Although investors should keep a sharp eye on the Saudi and OPEC statement. Support can be seen at Rs. 3620 & 3550 whereas resistance at Rs. 3670 & 3700.

 

Recommendations

Buy Gold Above @ 33080 Stop Loss 32995 Target 33100-33200.

Sell Coriander (nxt)  Below @ 6900 Stop Loss 7060 Target 6770-66500.

 

To Read Complete Report & Disclaimer Click Here

 

For More Hem Securities Ltd https://www.hemsecurities.com/page/disclaimer SEBI Registration No- INH100002250

 

Views express by all participants are for information & acadamic purpose only. Kindly read disclaimer before refering below views. Click Here For Disclaimer