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GLOBAL MARKET ROUND UP

* Gold held gains as conflict in the Middle East continued to roil markets, while investors considered whether tightening financial conditions may have reached a peak following dovish commentary from Federal Reserve officials

* Although increasing oil prices might have an inflationary effect, the Middle East tensions may make it less likely that the Federal Reserve would "continue to hike rates into increased uncertainty, and the prospect for peak rates have suddenly moved closer."

* After dovish remarks from Fed officials and as tension in the Middle East drove a rush to safer assets, 10-year yields decreased by as much as 18 basis points

* Country Garden engaged advisers to evaluate its capital structure and liquidity; it also said it won't be able to meet all of its offshore payment obligations when due or within the grace periods.

* Meanwhile, WTI slipped after surging 4.3% overnight, the biggest jump in six months. Oil's fading gains are a sign that geopolitical risk no longer packs the same punch for the markets

BULLION

MCX Gold Future

Trading Strategy: We believe market participants will closely monitor the ongoing geopolitical situation. Any further escalation will boost gold prices. Comex gold has immediate support at $1845 and resistance at $1875. The price is expected to trade in this range with a positive bias. MCX Gold December future has resistance at 57905 and support at 57325.

MCX Silver Future

Trading Strategy: The MCX Silver December future has first support at 68460 and resistance at 69300. If the price falls below the 68460 level, it will correct towards the 67780 level. The price is expected to trade in the range of 67,780 to 69,300. Sell Silver December Future at 69050 for a target of 68460 and keep stoploss at 69300.0

MCX Crude Oil Future

Trading Strategy: Crude oil retreated after surging more than 4.0% on Monday. We anticipate that crude oil prices are likely to consolidate in a broader range amid mixed global cues. NYMEX WTI Crude Oil has resistance at $87.45 and support at $84.50. The MCX crude oil October contract is likely to trade in the range of 7240 to 7060.

MCX Natural Gas Future

Trading Strategy: The natural gas price retreated from its intraday high on Monday. On the daily chart, there is a shooting star candlestick pattern form, which is a bearish reversal pattern. If prices fall below the 275 level, the correction will extend to the 270 and 266 levels. It has strong resistance at 289

MCX Copper Future

Trading Strategy: Copper short-term trend is moderately bearish, and the price fell to the lowest since May in the previous week. We believe the copper price is likely to trade in a broader range of 703 to 714; either side breaking out will open a new range for the counter. Sell Copper October future at 710.80 TGT 705/703 and keep stoploss at 714.8.

MCX Zinc Future

Trading Strategy: The MCX Zinc price consolidated in the lower end range in the last few sessions. The MCX Zinc October future has strong support at 220.80. If the price breaks this support, then the fall will extend to 217. It has resistances at 225.50/227. Sell Zinc October future below 220.80 TGT 217 and keep stoploss at 222.0.

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