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

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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.



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

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


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