Choice International Ltd
Published on 19/01/2018 12:37:00 PM

Copper

MCX Copper price has opened on positive note and traded sideways. Overall, MCX Copper price has been trading in broadening formation on daily chart; where price has been consolidating near the crucial support of 450 level. Moreover, Price has retreated below 21 day EMA. Furthermore, momentum indicator RSI (14) reading is at 49.38 with negative crossover. So based on the above studies, we expect bearish movement in MCX Copper future.

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Choice International Ltd
Published on 19/01/2018 12:36:41 PM

Silver

On the daily chart, MCX Silver has been trading below the trendline, where it has shown downward movement in last two days. Moreover, Price has sustained below 21 days EMA which suggest further bearishness for short term. On the other hand, Price has failed to sustained above 50% retracement level on weekly chart; which indicate price is in under pressure. Moreover, momentum indicator RSI (14) shown negative crossover. Based on the above technical set up and indicators, we expect a bearish move in MCX Silver price.

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Choice International Ltd
Published on 19/01/2018 12:36:26 PM

Gold

MCX Gold has started the day on negative note and continue the downward rally for entire day. On the weekly chart, MCX Gold has found the resistance of falling trendline; which act as resistance level for the prices. On the other hand, COMEX Gold has formed “Bearish Cypher” harmonic pattern; which is a sign of reversal of uptrend. Moreover, momentum indicator RSI (14) gas moved from overbought zone. Based on the above technical aspects, we expect bearish movement in MCX Gold prices.

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GEPL Capital
Published on 19/01/2018 12:24:14 PM

 INTRADAY BUY MCX ALUMINI UPDATE T1 144.6 ACHIEVED BOOK PROFIT GIVEN AT 143.4 

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