📌 US inflation has once again worried the global market. America’s inflation has reached around 9%, which is the highest in the last 40 years.
📌 US consumer sentiments have also suffered a major setback due to inflation and have come to a standstill near 50. If the consumer confidence falls below 50 then it is considered very bad for the economy.
📌 The focus of traders will be on the Fed meeting on June 15. Next week will see a lot of volatility. This time the interest rate is expected to increase by 0.50%. Due to this more pressure can be seen in the stock market.
📌 In this economic projection, the Fed will make you aware of the coming situation. The way oil and gas have boomed, it will not be easy to recover from the situation.
📌 The clouds of war are hovering. On the one hand, there is a situation of curiosity with China and on the other hand from Russia. The real volatility is expected to start on Wednesday and will continue till Friday. It would be advisable to trade in a limited range for the first 2 days.
Gold and Silver Trends
📌 Yesterday there was a strong rise in gold from lower levels. We had given the message of profit booking in the live market analysis in time.
📌 Will not do trade by shorting gold. Resistance in gold is 52200—52600 and support is 51050—50400.
📌 Positional traders can buy Gold around 51300—51050. Stop loss will be below 50400. We can see targets up to 52200—52600.
📌 Gold has broken the main resistance at weekly levels, due to which the trend of gold will remain bullish. Soon we will submit a report on it.
📌 There is no bearish trend in silver. It seems very difficult for Silver to break the 58000 level. Positional buying will be seen only when silver closes above the 63500 mark.
Base Metal Trends
📌 The support of copper is 772—760 and the resistance is 800. Take a risk and buy copper around 772. Stop loss will be below 760. We can see targets up to 788—800. The main uptrend in copper will be seen only above 800.
📌 The support of lead is 181—177 and the resistance is 187. Do trade in a limited range.
📌 The support in zinc is 315 and the resistance is 330. Zinc’s move looks directionless for the next week. It will be safe to trade with daily commodity Samachar levels. Do not trade by selling at lower levels.
📌 Aluminum has a support of 226—217 and a resistance of 240. Be careful when trading in aluminum. It will be safe to do trade in a limited range.
Crude oil and Natural gas Trends
📌 The volatility of crude oil and natural gas has immense so even providing levels is a problem. Low-risk traders will be advised not to trade crude oil and natural gas for time being.
📌 In crude oil, above 9560 levels up to 9720—9900 can be seen. On the sharp fall in crude oil, buying advice will be around 9100. Stop loss will be below 8600. The momentum may continue in the coming times.
📌 Natural gas has a resistance of 750 and support of 600. If Natural Gas closes above 750, then we can soon see levels up to 880—975. Bearishness we can think of only after the weekly close below 600 levels.
USDINR Trends
📌 There is a continuous bullish trend in the USDINR. If USDINR breaks the level of 78.00 then we can see the target of 79.50—81.00 in the coming time. Support is 77.00.
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