Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Exploration Update: Golden Arrow’s Pescado Project
By: Nicholas LePan, SilverSeek.com

GoldSeek Radio Nugget: Charles Hughes Smith and Chris Waltzek
By: radio.GoldSeek.com

Strap Yourself In - We Are About To See Some Big Moves In Metals
By: Avi Gilburt

Visit the Top Blockchain and Cryptocurrency Power Hubs of the World
By: Frank Holmes

Gold’s Upside Target
By: Przemyslaw Radomski, CFA

Dollar Crisis
By: Gary Savage

What Gold Needs to Do Now
By: Rick Ackerman

Year-end Rate Hike Once Again Proves To Be Launchpad For Gold Price
By: GoldCore

Asian Metals Market Update: December-14-2017
By: Chintan Karnani, Insignia Consultants

Gold Seeker Closing Report: Gold and Silver Gain About 1% and 2%
By: Chris Mullen, Gold Seeker Report

 
Search

GoldSeek Web

 
Asian Metals Market Update



By: Chintan Karnani, Insignia Consultants

 -- Published: Friday, 16 January 2015 | Print  | Disqus 

Traders and investors are still grappling with the Swiss effect. The Swiss effect has resulted in gold and silver rising. But it is too early to say whether the higher momentum will continue to rise in the short term. We have the European central bank meeting next week and the FOMC meet on the 28th of January. The Swiss decision to abandon the fixed currency peg will have an impact on decisions by these two big central banks.

I am cautiously optimistic over the sustainability of the rise of gold and silver in the short term. Technically they are bullish. At higher prices one should buy only on a break of key technical resistances. It is better to trade in a one by one technical way and ignore the volatility and other news and views.

The CME has increased margins in natural gas and copper which could limit the rise for both of them unless value based physical demand pops up.

TODAY

There will be small phases of very big moves followed by long periods of consolidation. Trade very carefully.

COMEX TECHNICAL VIEW

COMEX SILVER MARCH 2015 – current price $1711.00

Bullish over $1686 with $1752-$1798-$1881 as price target

Bearish below $1649 with $1629-$1602 as price target

Neutral Zone between: $1649-$1686

  • Silver needs to trade over $1720 for the whole day for another big wave of rise to $1752 and $1798
  • There will be another wave of buying only if silver trades over $1702 either in the UK session or the US session
  • Jobbers watch $1697 and $1720.

MCX COPPER FEBRUARY 2015 – prices in Indian Rupees below

Copper needs to trade over 346 today to rise to 363-373-386. There will be another wave of selling if copper trades below 346 either in the UK session or the US session to 337. Key long term support is at 337. A daily close below 337 today and an open below 337 on Monday could result in another big collapse for copper.

NYMEX CRUDE OIL (1ST CONTRACT)  - current price $46.40

Bullish over $46.70 with $50.20-$53.60 as price target

Bearish below $45.70 with $44.70 and $42.20 as price target

Jobbers buy over: $47.30 stop loss $46.70 for $50.60 and $52.10

Jobbers sell below: $46.10 stop loss $46.80 for $45.50 and $44.30

Others/Limit order: Buy crude oil at $39.00 stop loss $37.60 for $48.90-$52.30

  • Crude oil needs to fall below $42 or break and trade over $52.00 in the next two weeks for direction.
  • In case crude oil falls in the US session today, then $39 could be a possibility in the short term.

Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, metals and commodities reflect the views of the individual analyst, In no event shall Insignia Consultants or its employees have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of Information. Nothing in this article is, or should be construed as, investment advice. Prepared by Chintan Karnani

Disclosure: Insignia consultants or it employees do not have any trading positions on the trading strategies mentioned above. Our clients do have positions on the trading strategies mentioned in the above report.

Trade without emotions

"Print this report only if absolutely necessary. Save Paper. Save Trees."

NOTES TO THE ABOVE REPORT

Follow us on Twitter @insigniaconsul1

UK session starts around 1:30 pm Indian Standard Time (+5:30 GMT) -- after the release of LME daily inventories

US session starts at 6pm pm Indian Standard Time (+5:30 GMT)

PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS

PLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.

APPROPRIATE STOP LOSSES PER LOT IN US DOLLARS ON THE TRADING CALLS GIVEN IN THIS REPORT

COMEX GOLD – $15-$17

COMEX SILVER: $25-$30

COMEX COPPER: $3

NYMEX CRUDE OIL: $0.60

SPOT SILVER: $0.25

SPOT GOLD: $15-$17

THE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT

Customer care: 9311139549

You can also mail your queries at insigniacommodity@gmail.com

Chat Id: mcxsuretips@gmail.com (gtalk), insigniaconsultants@yahoo.com (yahoo)

              (10:30 am to 5:30 pm Indian time, Monday to Friday)

 


| Digg This Article
 -- Published: Friday, 16 January 2015 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus
1080-81, Ugger Sen Street,”Somani Bhawan”
Sita Ram Bazar, New Delhi-110006. India.
Ph: [O] 91-11-30919880 [M] 09811139549
Website: www.insigniaindia.com
Email:





 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.