Commodity Daily Research Report For 17th April 2017 By TradeIndia Rese

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17/04/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801

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17/04/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801 Crude oil futures end modestly higher on Thursday: Crude oil futures recovered some ground on Thursday after slipping in the previous session. The trade though remained choppy and oil prices showed a lack of direction over the course of the trading day as traders were stuck to the sidelines following the strong upward move seen over the past few weeks. Some strength came with the International Energy Agency’s IEA statement that the oil demand and supply imbalance was close to breakeven after several developed countries reined in production. Meanwhile Oilfield services firm Barker Hughes reported its weekly U.S. rig count rose by 11 to 683 it was the thirteenth straight weekly increase. Copper futures trade up on rising demand: Copper futures traded up on MCX as speculators built up fresh positions amid rising demand in domestic spot markets. However a weak trend in the base metals in global market capped some gains. Gold futures edge higher on MCX: At Gold futures edged higher on MCX as investors extended their positions in the precious metal as the US dollar slid after President Trump said that the currency was too strong. Moreover rising tensions over US relations with Russia and North Korea also supported gold futures’ prices.

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17/04/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801 TECHNICAL ANALYST OUTLOOK: TREND: - UP RESISTANCE: - 29500 29600 SUPPORT: - 29300 29200 STRATEGY: - BUY ON LOW. GOLD TECHNICAL OUTLOOK The prices of MCX Gold gained by 0.65 to end the day at Rs 29418 per 10 grams. The metal tested a high of Rs 29433 per 10 grams and a low of Rs 29281 per 10 grams. Resistance for Gold is at Rs 29500 and 29650 per 10 grams. On the other hand supports for Gold remain active at Rs 29300 per 10 grams.

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17/04/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801 SILVER OUTLOOK: TREND: - UP RESISTANCE: - 42750 42900 SUPPORT: - 42350 42200 STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK Prices of Refined silver were down and end the trades at Rs 42571 per 30 kilogram. On the higher side Rs 42694 per 30 kilogram was noted while lows were at Rs 42301 per 30 kilograms. The metal remains under a volatile zone where Rs 42700 levels as resistance and Rs 42300 as support will be beneficial for intraday term. After breaking the resistance the price of silver would move toward for Rs 42800 per 30 kilogram.

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17/04/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801 COPPER OUTLOOK: TREND: - DOWN RESISTANCE: - 368.50372 SUPPORT: -363.50 361 STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK The prices of MCX Copper gained 0.67 in the session ending 13 April 2017. The gains from the last session were due to short covering in the metal. Further elevation from end session levels of Rs 366.2 per kg cannot be ruled out. Resistances for Copper would be at Rs 369 per kg. On the lower side Rs 364 per kg will act as supports. The prices of Copper tested a high of Rs 368.20 per kg while a low of Rs 364.60 per kg was noted.

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17/04/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801 CRUDE OIL OUTLOOK: TREND: - DOWN RESISTANCE: - 3440 3470 SUPPORT: - 3380 3350 STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK Crude Oil prices dropped by 0.61 in the session ending 13 April 2017. The prices were last checked at Rs 3420 per barrel. With a high of Rs 3442 and a low of Rs 3410 there was a skewed range that was noted in the prices. Further losses in Crude Oil can take it towards Rs 3370 per barrel. On the higher side resistances of Rs 3480 per barrel is active.

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17/04/2017 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

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17/04/2017 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.

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17/04/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801

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