โ
โ
GOLD HAS IMMEDIATE SUPPORT 76300, TODAY DOWN BY RS.730 & 0.95%. SUSTAINABLE TRADE BELOW 76300,CAN TEST THE NEXT SUPPORT 76000/75400 RESPECTIVELY. 1ST RESISTANCE WOULD BE 77000 THEN 77630.
Commodity Mantra by SMC
@smccommodity
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Commodity Mantra by SMC (English)
Are you looking to make informed decisions in the volatile world of commodity trading? Look no further than Commodity Mantra by SMC! This Telegram channel, with the username @smccommodity, is your one-stop destination for regular Fundamental and Technical calls on Commodities. The calls are provided by SMC's Award Winning and NISM Certified Research Experts, ensuring that you receive high-quality and reliable information to guide you in your trading journey. Whether you are a beginner or an experienced trader, the insights shared on this channel can help you stay ahead of the curve and make profitable trades. Join Commodity Mantra by SMC today and start receiving valuable tips and recommendations that can help you navigate the complexities of the commodity market with confidence. Don't miss out on this opportunity to boost your trading success! Click on the link provided (https://bit.ly/3jAKlGG) to join now.
Commodity Mantra by SMC
11 Nov, 11:00
โ
โ
Key Events This Week:
1. OPEC Monthly Report - Tuesday
2. October CPI Inflation data - Tuesday
3. October PPI Inflation data - Thursday
4. Fed Chair Powell Speaks - Thursday
5. October Retail Sales data - Friday
1. OPEC Monthly Report - Tuesday
2. October CPI Inflation data - Tuesday
3. October PPI Inflation data - Thursday
4. Fed Chair Powell Speaks - Thursday
5. October Retail Sales data - Friday
Commodity Mantra by SMC
11 Nov, 09:12
๐๐ Join Us for a Free Webinar to Master Options Chain Analysis for Better Trading Decisions ๐
๐ Date & Time: 13th Nov 2024, 7:00 PM onwards
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๐ Options Chain Fundamentals
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๐ค Speaker:
Nitin Murarka, Head Research (Derivatives), SMC
๐ Date & Time: 13th Nov 2024, 7:00 PM onwards
๐ฒ Register Now: https://tinyurl.com/22a3j38x
๐ Key Benefits of the Webinar:
๐ Options Chain Fundamentals
๐ Support/Resistance Detection
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๐ Strategy Development
๐ Real-Time Analysis Tools
๐ค Speaker:
Nitin Murarka, Head Research (Derivatives), SMC
Commodity Mantra by SMC
10 Nov, 11:15
๐ฅ Get ready for the thrill as ๐ฎ๐ณ India takes on ๐ฟ๐ฆ South Africa in the T20 showdown โ catch it LIVE! ๐
2nd Match: Sunday, 10th Nov '24 | ๐ข 7:30 PM
Donโt miss a moment! ๐
2nd Match: Sunday, 10th Nov '24 | ๐ข 7:30 PM
Donโt miss a moment! ๐
Commodity Mantra by SMC
09 Nov, 10:10
๐ฅ Get ready for the thrill as ๐ฎ๐ณ India takes on ๐ฟ๐ฆ South Africa in the T20 showdown โ catch it LIVE! ๐
2nd Match: Sunday, 10th Nov '24 | ๐ข 7:30 PM
Donโt miss a moment! ๐
2nd Match: Sunday, 10th Nov '24 | ๐ข 7:30 PM
Donโt miss a moment! ๐
Commodity Mantra by SMC
08 Nov, 16:04
https://www.business-standard.com/markets/commodities/crude-oil-prices-fall-more-than-1-as-hurricane-rafael-risk-recedes-124110801213_1.html
Commodity Mantra by SMC
08 Nov, 13:20
Get ready for the thrill as India takes on South Africa in the T20 showdown โ catch it LIVE!๐
Commodity Mantra by SMC
08 Nov, 10:57
๐๐ Join Us for a Free Webinar to Automate your Trading Systems Architecture, Technology and Compliances. 8th Nov 2024, 4:30 PM onwards Join Now: https://us06web.zoom.us/j/82376003274
Commodity Mantra by SMC
02 Nov, 03:55
Watch Vandana Bharti on Doordarshan from 9:30-10:00 am today.
Commodity Mantra by SMC
01 Nov, 13:03
BUY ZINC NOV MCX AROUND 284.40-284.20 TGT 287 SL BELOW 282.70
Commodity Mantra by SMC
31 Oct, 15:15
Natural Gas Storage
Actual: 78B
Forecast: 79B
Previous: 80B
Impact: Data is slightly positive for Natural gas prices.
Actual: 78B
Forecast: 79B
Previous: 80B
Impact: Data is slightly positive for Natural gas prices.
Commodity Mantra by SMC
31 Oct, 09:46
โ
โ
SILVER HAS NEXT SUPPORT AROUND 96500 AND RESISTANCE 98000.
โ โ SUSTAINABLE TRADE ABOVE 98000 CAN CATCH THE UPSIDE MOVE AGAIN TOWARDS 98700/99500 MARK.
โ โ IF IT SUSTAINS BELOW 96500. WE CAN EXPECT THE DOWNSIDE MOVE TOWARDS 95800/95000 MARK VERY SOON.
โ โ SUSTAINABLE TRADE ABOVE 98000 CAN CATCH THE UPSIDE MOVE AGAIN TOWARDS 98700/99500 MARK.
โ โ IF IT SUSTAINS BELOW 96500. WE CAN EXPECT THE DOWNSIDE MOVE TOWARDS 95800/95000 MARK VERY SOON.
Commodity Mantra by SMC
31 Oct, 09:42
โ
โ
GOLD HAS TAKEN CORRECTION FROM THE HIGH OF 79760 AND NOW TRADING AROUND 79450 LEVELS.
โ โ THE NEXT IMMEDIATE SUPPORT IS SEEN AROUND 79300, SUSTAINABLE TRADE BELOW THIS LEVEL CAN TEST 79000.
โ โ THE NEXT RESISTANCE IS SEEN AROUND 79800, IF SUSTAINS ABOVE THIS LEVEL THEN THE PRICE WILL MADE NEW HIGH AGAIN AND CAN TOUCH 80000 MARKS OR ABOVE SOON.
โ โ THE NEXT IMMEDIATE SUPPORT IS SEEN AROUND 79300, SUSTAINABLE TRADE BELOW THIS LEVEL CAN TEST 79000.
โ โ THE NEXT RESISTANCE IS SEEN AROUND 79800, IF SUSTAINS ABOVE THIS LEVEL THEN THE PRICE WILL MADE NEW HIGH AGAIN AND CAN TOUCH 80000 MARKS OR ABOVE SOON.
Commodity Mantra by SMC
31 Oct, 08:19
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Commodity Mantra by SMC
30 Oct, 15:59
CRUDE OIL NOV MCX TRADING AROUND 5800 LEVELS, UP BY RS.140 & 2.49%. NOW THE NEXT RESISTANCE IS SEEN AROUND 5900 AND SUPPORT 5620. SUSTAINABLE TRADE ABOVE 5900 CAN SEE THE NEXT LEVELS TOWARDS 6050/6200. SUPPORT STOP LOSS REMAINS 5620.
Commodity Mantra by SMC
28 Oct, 15:27
โ
โ
NATURAL GAS UPDATE: Weather systems will impact the northern US the next few days w/highs of 40s and 50s, while the rest of the US will nice to warm w/highs of 60s-80s besides hotter 90s SW to Texas. A warm ridge of high pressure will build across the eastern ยฝ of the US mid-week w/highs of 60s-80s, while weather systems track across the western and central US w/highs of 40-60s, including cooling Texas into the upper 60s to 80s. Overall, light to very light demand this week.
Commodity Mantra by SMC
28 Oct, 15:24
NATURAL GAS NOV MCX AGAIN SLIPPED FROM THE HIGH OF 260 LEVELS AND NOW TRADING AROUND 237. THE PRICES WAS NOT ABLE TO SUSTAINS ON THE HIGHER LEVELS AS THE FUNDAMETAL IS NOT SUPPORTED. NOW THE NEXT SUPPORT IS SEEEN AROUND 231 AND RESISTANCE REMAINS 260 FOR SHORT TERM BASIS.
Commodity Mantra by SMC
28 Oct, 14:47
https://x.com/i/broadcasts/1yoKMyBDwRNKQ?t=b7h6F8Ypv2YNppcmERe4KA&s=35
Commodity Mantra by SMC
28 Oct, 14:37
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๐ Economic Indicators and Events
Commodity Mantra by SMC
28 Oct, 12:39
NOTE: TODAY NO US ECONOMICS DATA RELEASES FOR THE EVENING SESSION.
Commodity Mantra by SMC
28 Oct, 10:51
๐๐ Join Us for a Free Webinar to Learn Building Effective Algo Strategies for Live Markets. 28th Oct 2024, 4:30 PM onwards. Join Now: https://us06web.zoom.us/j/87081001220
Commodity Mantra by SMC
28 Oct, 10:29
CRUDE OIL NOV MCX TRADING AROUND 5680 LEVELS, DOWN BY RS.360 & 6%. THE PRICES HAVE BEEN TRADING NEAR THE TREND LINE SUPPORT OF 5670 LEVELS. IF IT SUSTAINS BELOW THIS LEVEL, THEN CAN EXPECT THE NEXT LEVELS TOWARDS 5600/5470 FOR INTARDAY BASIS. RESISTANCE AND STOP LOSS REMAINS 5890.
Commodity Mantra by SMC
28 Oct, 08:51
๐๐ Join Us for a Free Webinar to Learn Advanced Trap Trading Strategies ๐
๐ Date & Time: 29th Oct 2024, 4:00 PM onwards
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๐ Enhanced Trade Validation
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๐ Date & Time: 29th Oct 2024, 4:00 PM onwards
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๐ Key Benefits of the Webinar:
๐ Enhanced Trade Validation
๐ Identification of Market Traps
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๐ Risk Management
๐ค Speaker:
Dhirender Bisht, AVP (Equity Technical), SMC
Commodity Mantra by SMC
28 Oct, 08:18
๐ฅ๐ฅChina Jan-Sept gold consumption slides 11% as high prices deter buying appetite
๐ฅ๐ฅChina's gold consumption in the first three quarters of 2024 slid 11.18% from the same period a year ago to 741.732 metric tons as high prices dented buying interest for jewellery products, the state-backed gold association said.
โ โ Gold jewellery buying, which accounts for 53.9% of total consumption, slipped during January to September to 400.038 tons, down 27.53% from the prior year period, data from the China Gold Association showed
โ ๏ธโ ๏ธThis Dhanteras and Diwali, India can also see lower buying in gold due to record high prices.
๐ฅ๐ฅChina's gold consumption in the first three quarters of 2024 slid 11.18% from the same period a year ago to 741.732 metric tons as high prices dented buying interest for jewellery products, the state-backed gold association said.
โ โ Gold jewellery buying, which accounts for 53.9% of total consumption, slipped during January to September to 400.038 tons, down 27.53% from the prior year period, data from the China Gold Association showed
โ ๏ธโ ๏ธThis Dhanteras and Diwali, India can also see lower buying in gold due to record high prices.
Commodity Mantra by SMC
28 Oct, 06:09
๐๐ Join Us for a Free Webinar to Learn Building Effective Algo Strategies for Live Markets ๐
๐ Date & Time: 28th Oct 2024, 4:30 PM onwards
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๐ Algo Strategy Development
๐ Backtesting Techniques
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๐ Date & Time: 28th Oct 2024, 4:30 PM onwards
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๐ Key Benefits of the Webinar:
๐ Algo Strategy Development
๐ Backtesting Techniques
๐ Real-Time Optimization
๐ Risk Management
๐ Improved Trading Efficiency
๐ค Speaker:
Kunj Pandey and Pawan Kumar Mishra, Sr. Manager (Algo Trading), SMC
Commodity Mantra by SMC
28 Oct, 05:38
๐ฅ๐ฅBlack Gold, crude oil fell more than by 4% today after Israel's retaliatory strike on Iran over the weekend bypassed Tehran's oil and nuclear facilities and did not disrupt energy supplies, easing geopolitical tensions in the Middle East.
๐ฅ๐ฅCrude oil prices have dropped in 2024 so far due to weakening demand expectations amid sluggish economic conditions in major economies, especially China, and rising supplies from the U.S. and non-OPEC producers. Recent rate cut will take time to improve the economic activities and demand of crude oil.
โ ๏ธโ ๏ธIt is likely to trade in a lower range of 5500-6200 with bearish bias. NYMEX crude has immediate support near $64.
๐ฅ๐ฅCrude oil prices have dropped in 2024 so far due to weakening demand expectations amid sluggish economic conditions in major economies, especially China, and rising supplies from the U.S. and non-OPEC producers. Recent rate cut will take time to improve the economic activities and demand of crude oil.
โ ๏ธโ ๏ธIt is likely to trade in a lower range of 5500-6200 with bearish bias. NYMEX crude has immediate support near $64.
Commodity Mantra by SMC
22 Oct, 15:51
https://theprint.in/india/gold-scales-record-peak-as-us-election-jitters-ignite-safe-haven-rush/2323791/
Commodity Mantra by SMC
22 Oct, 10:45
๐๐ Join Us for a Free Webinar on Mastering FIIs & DIIs Strategies for Smarter Trading ๐
๐ Date & Time: 23rd Oct 2024, 7:00 PM onwards
๐ฒ Register Now: https://tinyurl.com/2c8qxgqs
๐ Key Benefits of the Webinar:
๐ Source of FIIs & DIIs data
๐ Understanding FIIs outstanding position
๐ How to find - either FIIs are long or short (long short ratios)
๐ How to know rollover positions by stronger hands (FIIs and prop accounts)
๐ DIIs activities in derivative segment
๐ Outlook for Oct'24 series- based on FII/DII data
๐ Q&A session
๐ค Speaker:
Nitin Murarka, Head Research (Derivatives), SMC
๐ Date & Time: 23rd Oct 2024, 7:00 PM onwards
๐ฒ Register Now: https://tinyurl.com/2c8qxgqs
๐ Key Benefits of the Webinar:
๐ Source of FIIs & DIIs data
๐ Understanding FIIs outstanding position
๐ How to find - either FIIs are long or short (long short ratios)
๐ How to know rollover positions by stronger hands (FIIs and prop accounts)
๐ DIIs activities in derivative segment
๐ Outlook for Oct'24 series- based on FII/DII data
๐ Q&A session
๐ค Speaker:
Nitin Murarka, Head Research (Derivatives), SMC
Commodity Mantra by SMC
22 Oct, 05:54
๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ Book Full Profit about 600 points in one call
Commodity Mantra by SMC
22 Oct, 05:34
๐๐ Join Us for a Free Webinar on Mastering FIIs & DIIs Strategies for Smarter Trading ๐
๐ Date & Time: 23rd Oct 2024, 7:00 PM onwards
๐ฒ Register Now: https://tinyurl.com/2c8qxgqs
๐ Key Benefits of the Webinar:
๐ Source of FIIs & DIIs data
๐ Understanding FIIs outstanding position
๐ How to find - either FIIs are long or short (long short ratios)
๐ How to know rollover positions by stronger hands (FIIs and prop accounts)
๐ DIIs activities in derivative segment
๐ Outlook for Oct'24 series- based on FII/DII data
๐ Q&A session
๐ค Speaker:
Nitin Murarka, Head Research (Derivatives), SMC
๐ Date & Time: 23rd Oct 2024, 7:00 PM onwards
๐ฒ Register Now: https://tinyurl.com/2c8qxgqs
๐ Key Benefits of the Webinar:
๐ Source of FIIs & DIIs data
๐ Understanding FIIs outstanding position
๐ How to find - either FIIs are long or short (long short ratios)
๐ How to know rollover positions by stronger hands (FIIs and prop accounts)
๐ DIIs activities in derivative segment
๐ Outlook for Oct'24 series- based on FII/DII data
๐ Q&A session
๐ค Speaker:
Nitin Murarka, Head Research (Derivatives), SMC
Commodity Mantra by SMC
21 Oct, 15:49
โ
โ
CRUDE OIL UPDATE:
๐ฅ๐ฅOil prices rose on Monday, recouping some of last weekโs more than 7% decline, with no let up of fighting in the Middle East and the expectation of retaliatory Israeli attacks on Iran worrying markets about supply from the region.
๐ฅ๐ฅU.S. Secretary of State Antony Blinken will make another push for a ceasefire when he heads to the Middle East on Monday, the State Department said, seeking to kick-start negotiations to end the Gaza war and also defuse the spillover conflict in Lebanon.
๐ฅ๐ฅTechnically, crude oil Nov MCX trading around 5880, up rs.45& 0.75%. prices traded in a range between 5800 to 5950. Either side break with good volume will confirm the next short term trend.
๐ฅ๐ฅOil prices rose on Monday, recouping some of last weekโs more than 7% decline, with no let up of fighting in the Middle East and the expectation of retaliatory Israeli attacks on Iran worrying markets about supply from the region.
๐ฅ๐ฅU.S. Secretary of State Antony Blinken will make another push for a ceasefire when he heads to the Middle East on Monday, the State Department said, seeking to kick-start negotiations to end the Gaza war and also defuse the spillover conflict in Lebanon.
๐ฅ๐ฅTechnically, crude oil Nov MCX trading around 5880, up rs.45& 0.75%. prices traded in a range between 5800 to 5950. Either side break with good volume will confirm the next short term trend.
Commodity Mantra by SMC
21 Oct, 15:13
https://theprint.in/economy/gold-hits-record-high-as-us-election-mid-east-jitters-fuel-rush-to-safety/2321977/
Commodity Mantra by SMC
21 Oct, 09:02
Heavy short positions build up in Jeera, Guargum and Cocud as on 19th Oct indicates prices may remain under pressure in near term. However, any short covering in these counter may lead to sharp recovery in prices.
Guargum Nov Contract
Support - 11000/10950 Resistance 11450/500
Jeera Nov Contract
Support 24550 Resistance - 26000/26500
Cocud Dec Contract
Support - 2940/2900 Resistance 3110/3160
Guargum Nov Contract
Support - 11000/10950 Resistance 11450/500
Jeera Nov Contract
Support 24550 Resistance - 26000/26500
Cocud Dec Contract
Support - 2940/2900 Resistance 3110/3160
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