Any news of a deal between the USA and China on the trade war front will result in copper, zinc, lead, nickel and aluminum to rise five percent anytime. The Trump-Xi meeting is on Saturday. Before Saturday, all the speculation will move silver and industrial metals.
How to trade in invest in 2019
The year 2018 is not yet over. Each day till 31st December, a new economic data release or news/speculation on trade war can result in a new trend in currencies, stocks, metals and energies.
At the beginning of 2018, I said that the trend in every investment instrument will change every quarter. I have been partially right. In 2019, I expect the trend in every investment instrument to change every two months. The world "recession" is the "wolf" which will not come. One should differentiate between a slowdown and a recession. In 2018, other than bonds, every investment avenue took a big hit. The trade war impact on the global economy will be felt in 2019. It is the global geopolitical situation that will decide central bank policy. Central banks will be less independent. Elections in nations like India and Indonesia in 2019 can result in populist measures. Populist measures will create higher budget imbalances. Only fundamentally strong investments will survive. Metals and energies trend will be dependent on second half global growth outlook of 2019. Nations with strong economic fundamentals (as compared to their peer nations) will see their currencies outperforming peer nations. More on 2019 investment strategies next week.
COMEX SILVER DECEMBER 2018 - current price $1409.50
Bullish over $1400.50 with $1419.00 and $1439.00 as price target
Bearish below $1394.50 with $1383.50 and $1372.00 as price target
Neutral Zone between: $1394.50-$1400.50
? Small sell off will be there below $1400.00
? Crash will be there below $1390.10
? Technically silver is bearish.
? Silver needs to trade over $1417 today to be in a bullish zone.
MCX Nickel November 2018: (previous day close/CMP Rs.757.10):
Bullish over 760.10 with 781.90 and 796.80 as price target.
Bearish below 749.40 with 737.90 and 723.50 as price target.
One Support: 749.40
One Resistance: 773.40
? Crash will be there below 749.40.
? Oversold. Look for signs of trend reversal.
? Quick rise will be there over the 765-768 zone.
(Prices in Indian rupees above)
HAPPY PROFITABLE TRADING
Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, crypto currencies, metals and commodities reflect the views of the individual analyst, In no event shall Insignia Consultants or its employees have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of Information. Nothing in this article is, or should be construed as, investment advice. Prepared by Chintan Karnani
Disclosure: Insignia consultants or it employees do not have any trading positions on the trading strategies mentioned above. Our clients do have positions on the trading strategies mentioned in the above report.
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