MCX SILVER REPORT
Econ0mics & Trump
trade wars
US GDP
numbers will be the key for the US dollar and metal price. All the good news
has been factored in by the markets. Even a slight below expectation number can
result in bullion rising and US dollar selling off. China-US trade spat will be
closely watched.
Lots of
central bank meeting and economic data release next week.
COMEX
SILVER SEPTEMBER 2018 – current price $1544.00
Bullish over $1540.00 with $1579.00 and $1609.00 as price target
Bearish below $1529.00 with $1519.50 and $1504.50 as price
target
Neutral Zone between: $1529-$1540.00
· Silver
needs to trade over $1540 to rise to $1583.
·
Sellers will be there if silver trades below
$1540.
HAPPY PROFITABLE TRADING
& HAVE A GREAT WEEKEND
Disclaimer: Any opinions as to the commentary, market information, and
future direction of prices of specific currencies, crypto 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
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NOTES
TO THE ABOVE REPORT
ALL
VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED
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THE TIME GIVEN IN THE REPORT IS THE TIME OF
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