Commodity Market Daily Research Report For 04th April 2017 By TradeInd

Views:
 
     
 

Presentation Description

TradeIndia Research is one of the best Stock Advisory Company who provides perfect stock market tips to traders for beneficial stock trading in both the equity and commodity segments.

Comments

Presentation Transcript

slide 1:

301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801

slide 2:

301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801 Crude oil futures turn a bit soft on Monday: Crude oil futures turned a bit soft on Monday however managed to hold 50 a barrel mark as Libyan oil production was resumed after interruptions caused by militants. Traders got some encouragement with news that activity in the US manufacturing sector continued to expand in the month of March although the pace of growth slowed compared to the previous month. Trade got impacted due to strength in dollar on news of terrorist attack in Russia. Also there was fears that a ramp up in U.S. oil production could weigh on OPEC’s efforts to drain the glut in supply. Copper futures edge lower on subdued demand Copper futures edged lower on MCX as speculators cut down their positions amid subdued demand in the spot market. The contract for April delivery was trading at Rs 380.20 down by 0.14 or Rs 0.55 from its previous closing of Rs 380.75. The open interest of the contract stood at 14552 lots. Gold Speculative Longs At Four Week High: Large speculators added to their bullish net positions in the gold futures markets last week for the second consecutive week according to the latest Commitment of Traders COT data released by the Commodity Futures Trading Commission CFTC on Friday. The commercial and non-commercial futures contracts of Comex gold futures are traded by large speculators and hedge funds for making their buying and selling positions.

slide 3:

301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801 TECHNICAL ANALYST OUTLOOK: TREND: - UP RESISTANCE: - 28900 29000 SUPPORT: - 28575 28490 STRATEGY: - BUY ON LOW GOLD TECHNICAL OUTLOOK The Gold prices up for yet another day and ended up 0.86. The gold tested a high of Rs 28734 per 10 grams before ending at Rs 28708 per 10 grams. The prices of Gold are expected to remain vibrant in todays trades and probably go up further towards Rs 29000 per 10 grams. On the higher side Rs 28900 per 10 grams are noted resistances.

slide 4:

301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801 SILVER OUTLOOK: TREND: - CONSOLIDATE RESISTANCE: - 42450 42600 SUPPORT: - 42230 42100 STRATEGY: - BUY ON LOW TECHNICAL OUTLOOK The silver prices are consolidated between 42400-41900 last few days and ended down 0.01. And it tested a high of Rs 42434 per 30 kilogram before ending at Rs 42320 per 30 kilogram. The prices of silver are expected to remain vibrant in todays trades and probably up further towards Rs 42800 per 30 kilogram. On the higher side Rs 42450 per 30 kilogram are noted immediate resistances.

slide 5:

301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801 COPPER OUTLOOK: TREND: - DOWN RESISTANCE: - 376.50379 SUPPORT: -371.50 369 STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK The contract for April delivery was trading at Rs 380.20 down by 0.14 or Rs 0.55 from its previous closing of Rs 380.75. The open interest of the contract stood at 14552 lots. The contract for June delivery was trading at Rs 384.50 down by 0.19 or Rs 0.75 from its previous closing of Rs 385.25. The open interest of the contract stood at 1287 lots on MCX.

slide 6:

301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801 CRUDE OIL OUTLOOK: TREND: - DOWN RESISTANCE: - 3305 3330 SUPPORT: - 3250 3225 STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK The prices of Crude Oil was static in the trades ending Monday. The session saw settlement of benchmark Crude Oil at Rs 3283 per barrel. On the higher side Rs 3309 per barrel was tested while on lower side Rs 3268 per barrel. The prices of Crude Oil are resisted at Rs 3400 per barrel. On the lower side Rs 3250 per barrel are the supports.

slide 7:

301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801 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 right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it takes no responsibility. The information given herein should be treated as only factor while making investment decision. The report does not provide individually tailor-made investment advice. Trade India Research Recommends that investors independently evaluate particular investments and strategies and encourages investors to seek the advice of a financial adviser. Trade India Research shall not be responsible for any transaction conducted based on the information given in this report which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein together with all estimates and forecasts can change without notice. Analyst or any person related to Trade India Research might be holding positions in the stocks recommended. It is understood that DISCLAIMER

slide 8:

301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801 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. Investment in Commodity and equity market has its own risks. We however do not Touch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above. Trade India Research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients Paid Or Unpaid Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any 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.

slide 9:

301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801

authorStream Live Help