Commodity Daily Research Report For 06th April 2017 By TradeIndia Rese

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:

06/04/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801

slide 2:

06/04/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801 Crude oil futures manage a positive close despite coming off the day’s high: Crude oil futures though managed a positive close on Wednesday but came sharply lower from the day’s high after a surprising build in U.S. oil inventories. A stronger dollar also weighed on commodities prices as traders reacted to a very strong ADP private sector jobs report. Meanwhile the Energy Information Administration EIA said inventories rose by 1.6 million barrels. Gasoline inventories fell by around 0.618 million barrels while distillate stockpiles fell by 0.536 million barrels. The surprise build in U.S. crude stockpiles confounded expectations that U.S. demand for oil would start to pick up ahead of the ‘summer driving season. Copper futures trade higher on MCX: Copper futures traded higher on MCX as speculators raised their bets amid firming trend overseas and rising demand at the spot market. The contract for April delivery was trading at Rs 381.20 up by 1.21 or Rs 4.55 from its previous closing of Rs 376.65. The open interest of the contract stood at 15219 lots. Gold futures edged down on MCX: Gold futures edged down on MCX as focus is turning towards the release later in the day of the minutes from the Federal Reserves March meeting with investors looking for any clues on the pace of further US interest rate rises.

slide 3:

06/04/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801 TECHNICAL ANALYST OUTLOOK: TREND: - UP RESISTANCE: - 29050 29150 SUPPORT: - 28850 28750 STRATEGY: - BUY ON LOW GOLD TECHNICAL OUTLOOK The price of Refined Gold was declined by 0.67. The metal ended the day at Rs 28821 per 10 grams. Gold tested a high of Rs 29040 per 10 grams while a low of Rs 28731 per 10 grams was noted. Further gains are expected to take Gold towards Rs 29050 per 10 grams. On the lower side Rs 28500 per 10 grams are noted supports.

slide 4:

06/04/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801 SILVER OUTLOOK: TREND: - UP RESISTANCE: - 42500 42700 SUPPORT: - 42200 42050 STRATEGY: - BUY ON LOW TECHNICAL OUTLOOK The silver price was consolidating between 42400-41900 price range last few days and after breaking its resistance made a new resistance of 42518 per 30 kilogram ended up at 42258. It tested a high of Rs 42518 per 30 kilogram and low of Rs 42175 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:

06/04/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801 COPPER OUTLOOK: TREND: - UP RESISTANCE: - 386.50388 SUPPORT: -381.50 379 STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK The prices of MCX Copper were jumped by more than 2.52 to reach Rs 386.15 per kg. The metal tested a high of Rs 387 per kg and a low of Rs 378 per kg. Copper is expected to face resistance of Rs 390 and 392 per kg. On the lower side Rs 375 and 372 per kg are the noted supports.

slide 6:

06/04/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801 CRUDE OIL OUTLOOK: TREND: - DOWN RESISTANCE: - 3340 3465 SUPPORT: - 3295 3270 STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK The prices of MCX Crude Oil gained marginally by 0.30 to end the day at Rs 3335 per barrel. On the higher side Rs 3374 per barrel was tested while on the lower side Rs 3314 per barrel was noted. The resistance for Crude Oil is at Rs 3400 and 3450 per barrel. Supports for Crude Oil are at Rs 3300 per barrel.

slide 7:

06/04/2017 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:

06/04/2017 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:

06/04/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801

authorStream Live Help