Neal Bhai MFA Technical Analyst – MCX Silver Tips Below 40100 Only Sell, Silver MCX Trading Zone 39200-40100 – U.S. retail sales increased marginally in April as rising gasoline prices cut into discretionary spending, but consumer spending appeared on track to accelerate after slowing sharply in the first quarter. Federal Reserve Chair Jerome Powell’s top deputies are edging toward a clash that could shape the pace of interest-rate hikes in coming months, as well as how the Fed should prepare for and combat the next economic downturn.
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Commodities Weekly Research Report Forecast 14-05-18 To 18-05-18
Trend Up ⇒ Buy Gold MCX Between 31150 – 31250, Stop Loss (CBSL) – 30820 Target – 31710 ↔ 31944 ↔ 32120
Trend Up ⇒ Buy Silver MCX Between 39600 – 39800, Stop Loss (CBSL) – 39001, Target – 40780 ↔ 41380
LME Zinc Made Falling Wedge Pattern Big Move On Chart Looks Near Terms
LME Zinc futures fell 1.7% to around $3,250 per tonne on January 16, retreating from a near three-year high reached on January 15, after Chinese regulators cracked down on high-frequency trading.
LME Aluminium Chart Made Reversal Flag Pattern
Aluminium is a lightweight, durable, and infinitely recyclable metal that is vital to modern industries, including construction, transportation, and packaging, thanks to its strength-to-weight ratio and corrosion resistance.
Gold Prices Maintain Uptrend on Jewellers’ Buying
Gold Silver Reports (GSR) — Gold Prices Maintain Uptrend on Jewellers’ Buying – Traders said that continued buying by local jewellers in the ongoing wedding season and a firm trend overseas mainly kept the precious metal’s prices elevated.