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MCX Weekly Report

Gold remained under continuous buying for the third consecutive session and is currently placed at fresh weekly highs, above 31580 level. Gold-backed exchange-traded funds (ETFs) experienced outflows in North America European and Asian funds during September, as investors continued to show extreme short positioning according to the World Gold Council. The US Treasuries market's two-day selloff pushed its volatility to its highest level since June as investors shed their bond holdings on surprisingly strong economic data and signals the Fed would raise interest rates further.

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MCX Weekly Report

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  1. WEEKLY MCX COMMODITY REPORT OCTOBER 05, 2018 WWW.REVENUEMAKER.IN

  2. WEEKLY SNAPSHOT Gold remained under continuous buying for the third consecutive session and is currently placed at fresh weekly highs, above 31580 level. Gold-backed exchange-traded funds (ETFs) experienced outflows in North America European and Asian funds during September, as investors continued to show extreme short positioning according to the World Gold Council. The US Treasuries market's two-day selloff pushed its volatility to its highest level since June as investors shed their bond holdings on surprisingly strong economic data and signals the Fed would raise interest rates further. The investment bank said there was currently enough oil to meet demand, but warned that “global spare capacity is dwindling to the lowest level that we can document ... meaning any further supply disruptions would be difficult for the market to manage - and could lead to spiking crude oil prices.”. WWW.REVENUEMAKER.IN

  3. WEEKLY SUPPORT/RESISTANCE GOLD (OCTOBER) RESISTANCE 2: 31360 RESISTANCE 1: 31860 SUPPORT1: 31260 SUPPORT2: 30760 SILVER(OCTOBER) RESISTANCE 2: 39520 RESISTANCE 1:39020 SUPPORT1: 38700 SUPPORT2: 38200 CRUDE OIL (OCTOBER) RESISTANCE 2: 5650 RESISTANCE 1: 5550 SUPPORT1: 5450 SUPPORT2: 5350 COPPER (OCTOBER) RESISTANCE 2:463 RESISTANCE 1:458 SUPPORT1:453 SUPPORT2:448 WWW.REVENUEMAKER.IN

  4. GOLD (OCTOBER) TECHNICAL OUTLOOK: The Gold is in perfect uptrend, The Gold is now trading in overbought level, and The oscillator is showing SELL signal For short terms. Strategy for Traders: One can go for short position in GOLD below the level of 31,500 and will expect a TG of 30,000, with the strict STOPLOSS of 31,800 WWW.REVENUEMAKER.IN

  5. SILVER(OCTOBER) TECHNICAL OUTLOOK: The Silver is in perfect uptrend, Cautious point is buying at higher levels seems decreasing, he oscillator is showing BUY signal For short term. Strategy for Traders: One can go for long position in SILVER above the level of 39160 and will expect a TG of 39560, with the strict STOPLOSS of 38960. WWW.REVENUEMAKER.IN

  6. COPPER (OCTOBER) TECHNICAL OUTLOOK: Currently Copper is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend, The oscillator is showing SELL signal For short term Copper is in HOLD LONG position. Strategy for Traders: One can go for short position in COPPER below the level of 444.00 will expect a TG of 437, with the strict STOPLOSS of 451.00 WWW.REVENUEMAKER.IN

  7. CRUDE (OCTOBER) TECHNICAL OUTLOOK: Currently Crude oil is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higher levels seems decreasing. The oscillator is showing BUY signal For short term . Strategy for Traders: One can go for long position in CRUDE above the level of 5540 will expect a TG of 5640, with the strict STOPLOSS of 5490. WWW.REVENUEMAKER.IN

  8. DISCLAIMER The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the rights to choose the product/s that suits them the most. Investment in Stocks has its own risks. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it & takes no responsibility whatsoever, for any financial profit or losses which may arise from the recommendations given above. The stock price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Revenue Maker does not purport to be an invitation or an offer to buy or sell any financial instrument. Analyst or any person related to Revenue Maker might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for. Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Our Clients (Paid or Unpaid), any third party or anyone else have no rights to forward or share our calls, SMS, reports or any other Information provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken. Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved by Revenue Maker. WWW.REVENUEMAKER.IN

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