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Asian Metals Market Update: August-19-2019



By: Chintan Karnani, Insignia Consultants

 -- Published: Monday, 19 August 2019 | Print  | Disqus 

The talk of financial markets is about negative mortgage rates and its impact on global growth. Let’s be straight, mortgage rates are linked to bond yields. Investors have the habit of factoring excess be it growth or recession. Assets prices these days are all about AI (artificial intelligence) powered momentum. Most of us make heavy losses when the investment we made starts reversing. Winners are those human minds which beat those AI consistently. Use of trailing stop losses, reduced greed and fear as well and not getting worried if you sitting on excess cash are some of the ways to beat AI powered price moves.

 

I will prefer to remain on the sidelines today. Northern hemisphere summer will come to an end in three weeks time. Trade and invest very carefully in the three weeks. Less profit is better than losses.

  

COMEX GOLD DECEMBER 2019 – current price $1518.90

Bullish over $1510.10 with $1537.10 and $1550.40 as price target

Bearish below $1501.70 with $1485.70 and $1466.40 as price target.

·         Gold will break free from $1490-$1550 wider trading range and form a new range.

·         Crash will be there below $1515 OR in case gold does not break $1548.

·         There can be very sharp two way moves today.

COMEX SILVER SEPTEMBER 2019 – current price $1700.30

Bullish over $1713.00 with $1748.00 and $1796.00 as price target

Bearish below $1689.00 with $1670.50 and $1637.70 as price target

Neutral Zone between: $1689.00-$1713.00

·        Silver needs to trade over $1680-$1700 zone to be in bullish zone and rise to $1750.

·        Crash will be there below $1680.

NYMEX CRUDE OIL (JULY 2019)  - current price $55.34

Bullish over $55.00 with $57.60 and $59.40 as price target

Bearish below $54.30 with $53.10 and $52.20 as price target

·        Crude oil needs to trade over $54.00 to rise to $58.20.

·        Crash will be there below $54.00.

·        Remain on the sidelines at current price.

COMEX COPPER JULY 2019 – current price $259.90

Bullish over $258.90 with $263.90 and $269.90 as price target

Bearish below $256.50 with $253.00 and $250.30 as price target

·        Copper needs trade over $256 to rise to $263 and $267.

·        Small sell off will be there below $256.00.

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. All analyses used herein are subjective opinions of the author and should not be considered as specific investment advice. Investors/Traders must consider all relevant risk factors including their own personal financial situation before trading. Websitewww.insigniaconsultants.in. 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.

Insignia Consultants does not have any branches in India.

Insignia Consultants does not have any marketing agents in any city in India.

NOTES TO THE ABOVE REPORT

ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED

Follow us on Twitter @insigniaconsul1

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

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

Chat Id: telegram/whatsapp 9311139549

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


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 -- Published: Monday, 19 August 2019 | E-Mail  | Print  | Source: GoldSeek.com

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