What Next ??? - October 9, 2021

Jyothi Kolagatla Senior Research Analyst sQuareindia Advisory
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Gold :  

14 responded this week, 8 see prices up, while 5 see prices down, and 1 see prices unchanged. especially Trading range will be between $1708-$1804 levels.

S1:1740.45 S2:1727 S3:1708.45
R1:1768.50 R2:1786 R3:1804.50

Silver :  

Silver Prices remain volatile, but the tone toward the metal remains high, especially Trading range will be between $21.32-$23.95 levels.

S1:22.31 S2:21.93 S3:21.32
R1:22.97 R2:23.39 R3:23.95

Crude :  

14 of 20 analysts, forecast Crude Oil will fall in next week. 1 respondents predicted that futures will be little changed and 5 said the contract will rise.

S1:79.24 S2:78.01 S3:76.23
R1:80.82 R2:81.63 R3:83.04

Copper :  

8 of 20 analysts, investors and traders surveyed, said the metal will fall next week. while 10 see prices rise, and 2 see prices unchanged. Copper may trade in next week up to 697.70-744.50 levels.

MCX Gold DEC :  

Now support for the Gold is seen at 46811 and below could see a test of 46452-46063 Resistance is now likely to be seen at 47289 a move above could see prices testing 47644-48085.

S1:46811 S2:46452 S3:46063
R1:47289 R2:47644 R3:48085

MCX Silver DEC :  

Now support for the silver is seen at 60212 and below could see a test of 60212-59149 Resistance is now likely to be seen at 62485 a move above could see prices testing 62957-64045.

S1:60212 S2:59149 S3:57550
R1:62485 R2:62957 R3:64045

MCX Crude Oil NOV :  

Now support for the Crude is seen at 5900 and below could see a test of 5654. Resistance is now likely to be seen at 6055, a move above could see prices testing 6141-6386.

S1:5900 S2:5812 S3:5654
R1:6055 R2:6141 R3:6386

MCX Copper NOV :  

Now support for Copper is seen at 720.50 and below could see a test of 711.55-694.70. Resistance is now likely to be seen at 730.85, a move above could see prices testing 738.40-751.55

S1:720.50 S2:711.55 S3:694.70
R1:730.85 R2:738.40 R3:751.55

MCX Nickel NOV :  

Now support for the Nickel is seen at 1432.65 and below could see a test of 1400.80-1366.25 Resistance is now likely to be seen at 1499.20, a move above could see prices testing 1528.95-1564

S1:1432.65 S2:1400.80 S3:1366.25
R1:1499.20 R2:1528.95 R3:1564

MCX NG NOV :  

Now support for the Natural Gas is seen at 415.75 and below could see a test of 403.80-381.25. Resistance is now likely to be seen at 439.70, a move above could see prices testing 448.95-462.80

S1:415.75 S2:.403.0 S3:381.25
R1:439.70 R2:448.95 R3:462.80

OCT 13th :

CPI m/m:
Previous: 0.3% Forecast: 0.3%
Actual > Forecast is good for Dollar

OCT 13th :

Core CPI m/m :
Previous: 0.1% Forecast: 0.2%
Actual > Forecast is good for Dollar

OCT 14th :

Unemployment Claims:
Previous: 326K Forecast: 328K
Actual < Forecast is good for Dollar

OCT 15th :

Core Retail Sales m/m :
Previous: 1.8% Forecast: 0.5%
Actual > Forecast is good for Dollar

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