Commodity Market Daily Research Report For 10th April 2017 By TradeInd


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10/04/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801

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10/04/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801 Crude oil futures trade marginally higher on MCX: Crude oil futures traded marginally higher on MCX as investors and speculators extended their positions in the energy commodity on rising geopolitical concerns after US President Donald Trump’s decision of missile strike against an airbase in Syria. The prices of crude rose in a knee-jerk reaction to the US strike decision however Syria has limited oil production its location in the Middle East and alliances with big oil producers raised worries about spreading conflict that could disrupt crude shipments. Copper futures end lower on Friday: Comex copper futures ended lower on Friday while London copper prices too declined after a US missile strike on Syria prompted investors to move out of riskier assets and the biggest sell-off in Chinese steel futures in two months spilled over into industrial metals. Gold futures edge higher on Monday: Gold futures edged slightly higher on Monday with geopolitical tensions in focus as the US moved an aircraft carrier group closer to the Korean peninsula and as concerns linger over a missile strike on a Syrian airbase last week remain. Though some gains were capped as the dollar strengthened against a basket of major currencies.

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10/04/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801 TECHNICAL ANALYST OUTLOOK: TREND: - DOWN RESISTANCE: - 28800 28900 SUPPORT: - 28600 28500 STRATEGY: - SELL ON HIGH GOLD TECHNICAL OUTLOOK Refined Gold prices were down 0.19 to end at Rs 28665 per 10 grams. The metal tested a high of Rs 29000 per kg and a low of Rs 28661 per 10 grams. Resistance for Refined Gold is at Rs 29200 per 10 grams. Support for Gold is at Rs 28500 per 10 grams. Breaking Rs 29200 would mean further elevation of Gold towards Rs 29500 per 10 grams.

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10/04/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801 SILVER OUTLOOK: TREND: - DOWN RESISTANCE: - 41550 41700 SUPPORT: - 41200 41050 STRATEGY: - SELL ON HIGH TECHNICAL OUTLOOK Prices of Refined silver were down and end the trades at Rs 41379 per 30 kilogram. On the higher side Rs 42432 per 30 kilogram was noted while lows were at Rs 41128 per 30 kilograms. The metal remains under a volatile zone where Rs 42432 levels as resistance and Rs 41120 as support will be beneficial for day term.

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10/04/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801 COPPER OUTLOOK: TREND: - UP RESISTANCE: - 381.50384 SUPPORT: -376.50 374 STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK The prices of MCX Copper depleted yet again last week. Copper declined by 1.01 to end at Rs 376.80 per kg. On the higher side Rs 379.40 per kg was noted while on the lower side Rs 370.60 per kg was noted. The resistances for Copper is at Rs 380 per kg while supports are at Rs 368 per kg remains active.

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10/04/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801 CRUDE OIL OUTLOOK: TREND: - UP RESISTANCE: - 3410 3430 SUPPORT: - 3365 3240 STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK The session for Crude Oil was silent as the prices rolled forward by only 0.33. Crude Oil ended at Rs 3362 per barrel. Crude Oil tested a high of Rs 3399 per barrel and a low of Rs 3320 per barrel. Resisting at higher levels Rs 3450 per barrel will be upper cap. On the lower side supports for Crude Oil would be at Rs 3280 and 3250 per barrel.

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10/04/2017 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 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. DISCLAIMER

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10/04/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801 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.

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