Commodity Market Daily Research Report For 18th April 2017 By TradeInd

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18/04/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801

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18/04/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801 Crude futures decline despite good Chinese data: Crude oil futures once again declined on Monday despite better-than-expected Chinese economic data. Traders seemed to be concerned about numerous geopolitical flashpoints including the US-North Korea saber-rattling kerfuffle. Prices were also weighed down by the New York Fed saying its general business conditions index tumbled to 5.2 in April after dipping to 16.4 in March. The bigger than expected drop by the headline index came amid a notable slowdown in new orders growth as the new orders index plunged to 7.0 in April. Copper Gains By Small Margin: The price of MCX Copper is gained by a small margin in a single session on 17 April 2017. The tormenting by bears still continues in Copper and the prices have now breached all important Rs 370 per kg levels and have not been able to move above those levels. From here the declines can take metal towards Rs 365 per kg. Copper settled at Rs 370.50 per kg. Gold futures end higher on weaker dollar: At Gold futures ended higher on Monday as the dollar slipped against a basket of major currencies on the back of tensions between the US and North Korea helping the precious metal to hold ground at its highest level in more than five months. The New York Fed reported that its general business conditions index tumbled to 5.2 in April after dipping to 16.4 in March although a positive reading still indicates growth. Economists had expected the index to edge down to 15.0. The bigger than expected drop by the headline index came amid a notable slowdown in new orders growth.

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18/04/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801 TECHNICAL ANALYST OUTLOOK: TREND: - DOWN RESISTANCE: - 29450 29550 SUPPORT: - 29250 29150 STRATEGY: - SELL ON HIGH. GOLD TECHNICAL OUTLOOK Refined Gold prices picked up strength and gained Rs 36 to end the trades at Rs 29445 per 10 grams. Transaction volumes picked up and there has been increase of long positions. The prices of Gold tested a high of Rs 29483 per 10 grams and a low of Rs 29370 per 10 grams was noted. Further extension of gains will take Gold towards Rs 29600 and 29800 per 10 grams. On the lower side Rs 29200 per 10 grams will be support levels.

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18/04/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801 SILVER OUTLOOK: TREND: - DOWN RESISTANCE: - 42450 42600 SUPPORT: - 42150 42000 STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK Prices of Refined silver were down and end the trades at Rs 42497 per 30 kilogram. On the higher side Rs 42750 per 30 kilogram was noted while lows were at Rs 42432 per 30 kilograms. The metal remains under a volatile zone where Rs 42750 levels as resistance and Rs 42150 as support will be beneficial for intraday term. After breaking the support line the price of silver would move toward for Rs 42000 per 30 kilogram.

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18/04/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801 COPPER OUTLOOK: TREND: - DOWN RESISTANCE: - 371373.50 SUPPORT: -365 362.50 STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK The prices of MCX Copper gained by a big margin in a single session on 17 April 2017. Copper and the prices have now breached all important Rs 370 per kg levels and have been able to set Rs 375 per kg as next benchmark resistance. From here the declines can take metal towards Rs 368 per kg. Copper settled at Rs 370.25 per kg. The session on Tuesday can see Copper at Rs 374 per kg and on the lower side Rs 368 and 366 per kg will be active supports. On the higher side Rs 371.95 per kg was noted on 17 April 2017 while on the lower side Rs 366.45 per kg was tested.

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18/04/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801 CRUDE OIL OUTLOOK: TREND: - DOWN RESISTANCE: - 3430 3460 SUPPORT: - 3370 3340 STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK The prices of Crude Oil were bearish in the trades ending Monday. The session saw settlement of benchmark Crude Oil at Rs 3402 per barrel down 0.53. On the higher side Rs 3432 per barrel was tested while on lower side Rs 3393 per barrel. The prices of Crude Oil are resisted at Rs 3480 per barrel. On the lower side Rs 3350 per barrel are the supports.

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18/04/2017 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. DISCLAIMER

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18/04/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801 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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