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MCX Report

Revenue Maker present MCX weekly Report , in this presentation You can see th past performance of #Revenue #Maker

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MCX Report

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  1. WEEKLY MCX COMMODITY REPORT OCTOBER 26, 2018 WWW.REVENUEMAKER.IN

  2. WEEKLY SNAPSHOT Gold prices today extended their rally, rising by another Rs 125 to trade at an over six-year high of Rs 32,625 per 10 gm - the highest level since November 29, 2012, when the precious metal had closed at Rs 32,940 per 10 gm. This is the third day of gains for gold, which has risen over Rs 400 per 10 gm since October 23. Higher global prices, a pick-up in festive and wedding season demand by local jewelers and a weakening rupee lifted gold prices.Silver's support comes up near Rs 38,400, with a likely resistance near Rs 39,000. Base metal prices can stay negative. Copper is bracing for resistance near Rs 454, but Rs 445 can act as support. London copper prices retreated in early Asian trade on Friday, wiping out Thursday's gains, as concerns over the impact of the US- China trade row on demand for industrial metals came back to haunt. Crude oil may have its tailwind near Rs 4,900 while Rs 4,980 poses some headwinds on MCX. Natural gas may trade with a mixed bias as it can move in the range of Rs 235-245 on MCX. WWW.REVENUEMAKER.IN

  3. WEEKLY SUPPORT/RESISTANCE GOLD (OCTOBER) RESISTANCE 2: 32400 RESISTANCE 1: 32100 SUPPORT1: 31930 SUPPORT2: 31630 SILVER(OCTOBER) RESISTANCE 2: 39510 RESISTANCE 1:39010 SUPPORT1: 38782 SUPPORT2: 38282 CRUDE OIL (OCTOBER) RESISTANCE 2: 5048 RESISTANCE 1: 4978 SUPPORT1: 4847 SUPPORT2: 4777 COPPER (OCTOBER) RESISTANCE 2:453.2 RESISTANCE 1:448.2 SUPPORT1:441.55 SUPPORT2:436.55 WWW.REVENUEMAKER.IN

  4. GOLD (OCTOBER) TECHNICAL OUTLOOK: Currently Gold is in HOLD LONG position. Currently Gold is in strong uptrend and the trend is supported with good volume. Strategy for Traders: Gold is moving sideways so short term investor better to buy only above 32280.0 or hold with stop at 31785.0 WWW.REVENUEMAKER.IN

  5. SILVER(OCTOBER) TECHNICAL OUTLOOK: Currently Silver is moving sideways The oscillator is showing SELL signal Strategy for Traders: Buy only above 39268.0 or hold with stop at 38590.0 the oscillator is showing BUY signal. WWW.REVENUEMAKER.IN

  6. COPPER (OCTOBER) TECHNICAL OUTLOOK: Currently Copper is in strong downtrend and the trend is supported with good volume Strategy for Traders: Currently Copper is in SELL position Copper is in sideways so for short term better buy above 453.5 with stop at 441.55 WWW.REVENUEMAKER.IN

  7. CRUDE (OCTOBER) TECHNICAL OUTLOOK: Currently Crude oil is in strong downtrend but volume is unsatisfactory Strategy for Traders: Crude oil is showing some up momentum So buy above 5025.0 with stop at 4847.0. WWW.REVENUEMAKER.IN

  8. DISCLAIMER The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the rights to choose the product/s that suits them the most. Investment in Stocks has its own risks. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it & takes no responsibility whatsoever, for any financial profit or losses which may arise from the recommendations given above. The stock price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Revenue Maker does not purport to be an invitation or an offer to buy or sell any financial instrument. Analyst or any person related to Revenue Maker might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for. Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Our Clients (Paid or Unpaid), any third party or anyone else have no rights to forward or share our calls, SMS, reports or any other Information provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken. Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved by Revenue Maker. WWW.REVENUEMAKER.IN

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