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: Wednesday, 3 February 2016 | Print  | Disqus 

COMEX FUTURES REPORT – US January private ADP numbers at 6:45 pm IST is the key.

Either gold breaks past $1138 or it will crash to $1102. The pace of rise of gold, despite all the bullish factors has been disappointing. Silver needs to trade over $1417 to prevent another sell off. Momentum for crude oil is bearish. There is apprehension over sustainability of gold demand at current prices. In North India, gold and silver demand is way below expectations. I am more disappointed by silver demand in New Delhi. Gold, I am sure that there will be higher demand if the price falls and/or there is confirmation that higher prices are here to stay.

 

Technically a daily close over $1120 today will cement the way for $1190-$1230 in the short term. Silver’s price move will be dependent on the ability or inability to break past $1477. Copper and crude oil will be volatile.

 

COMEX GOLD APRIL 2016 – current price $1128.10

Bullish over $1118.20 with $1132.80-$1139.40-$1157.60 as price target

Bearish below $1113.10 with $1105.10-$1101.70-$1093.70 and $1086.50 as price target

Neutral Zone between $1113.10-$1118.20

Jobbers aggressive buy over: I am against buying unless gold breaks $1138 stop loss $1129 for $1147 and $1161

Jobbers sell below: Sell if and only if gold trades below $1124 either in UK session or US session stop loss $1131.10 for $1114.80 and $1102.20

  • Gold needs to trade over $1131 to rise to $1138 and $1151
  • There will be sellers as long as gold does not signs of sustaining $1131
  • Jobbers watch $1126.90 and $1131.20.

COMEX SILVER MARCH 2016 – current price $1428.50

Bullish over $1417 with $1452.40-$1479-$1492.0 and $1535 as price target

Bearish below $1396 with 1389-$1381 and $1367 as price target

Neutral Zone between: $1396 and $1417

Jobbers aggressive buy over: Buy at $1390 stop loss $1384 for $1455

Jobbers sell below: sell silver below $1420 either in UK session or US session stop loss $1430 for $1403.00 and $1392 or sell in case silver does not break $1470 by Monday.

  • Failure of silver to break past $1470 by Friday will result in a fall to $1390 and $1349 first and then the rise.
  • Initial support is at $1420. There will be sellers only if silver trades below $1420.

NYMEX CRUDE OIL (1ST CONTRACT)  - current price $29.70

Bullish over $31.90 with $33.50-$34.20-$35.70 and $37.90 as price target

Bearish below $30.80 with $29.30-$28.10 as price target

Jobbers buy over: Buy at $27.20 stop loss $26.60 for $34.00

Jobbers sell below: Sell at $29.70 stop loss $30.70 for $27.40

  • Crude oil needs to trade over $29.10 today to rise to $31.20-$33.60
  • There will be sellers only below $29.10 today.

COMEX COPPER MARCH 2016 – current price $205.20

Bullish over $200.80 with $208.90 and $215.60 as price target

Bearish below $194.00 with $189.90 and $183.70 as price target

Neutral Zone between: $194.00 and $200.80

  • Key resistance is at $208.80. There will be another wave of rise if copper manages to trade over $208.80 either in UK session or US session.
  • There will be buyers on dips as long as copper trades over $197-$200 zone.

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 2:30 pm Indian Standard Time (+5:30 GMT) -- after the release of LME daily inventories

US session starts at 7pm 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.

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: Wednesday, 3 February 2016 | 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.