Commodity Market Daily Research Report For 20th April 2017 By TradeInd


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.


Presentation Transcript

slide 1:

20/04/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801

slide 2:

20/04/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801 Crude futures slump by 4 on disappointing inventory data: Crude oil futures suffered sharp sell-off in the last session and lost around 4 percent on Wednesday as concerns over rising levels of U.S. crude oil production returned after the Energy Information Administration EIA reported US crude inventories fell less than expected. The bearish inventory news overshadowed comments from OPEC head Barkindo who said the cartel was seeing compliance with its supply quota plan. Copper futures trade higher on MCX: Copper futures traded higher on MCX as speculators built up fresh positions amid rising demand from consuming industries in the domestic spot markets. The contract for April delivery was trading at Rs 364.60 up by 0.94 or Rs 3.40 from its previous closing of Rs 361.20. The open interest of the contract stood at 19027 lots. Gold futures end lower as dollar strengthens: Gold futures ended lower on Wednesday as the dollar strengthened against a basket of major currencies and stocks gained. Though some losses were capped as the tensions over North Korea and looming French and UK elections that hold implications for the European economy have provided haven investor demand for precious metals.

slide 3:

20/04/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801 TECHNICAL ANALYST OUTLOOK: TREND: - DOWN RESISTANCE: - 29350 29450 SUPPORT: - 29150 29050 STRATEGY: - SELL ON HIGH. GOLD TECHNICAL OUTLOOK Refined Gold prices declined by 0.82 to end the session at Rs 29271 per 10 grams. The prices of Gold tested a high of Rs 29414 per 10 grams and a low of Rs 29201 per 10 grams. Support for Gold is at Rs 29200 per 10 grams. On the higher side Rs 29420 per 10 grams are noted resistances.

slide 4:

20/04/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801 SILVER OUTLOOK: TREND: - DOWN RESISTANCE: - 42000 42200 SUPPORT: - 41700 41550 STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK Prices of Refined silver were down but due to speculation the traded price resumed by gaining around 200 points at Rs 42898 per 30 kilogram. On the higher side Rs 42050 per 30 kilogram as resistance was noted while lows were at Rs 41700 per 30 kilograms as support was noted. The metal remains under a volatile zone.

slide 5:

20/04/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801 COPPER OUTLOOK: TREND: - DOWN RESISTANCE: - 362365 SUPPORT: -357 354.50 STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK Copper was silent in the trades ending 19 April 2017. The undercurrent remains bearish in the evening session. The price of Copper was down 0.04. The session saw Copper ending at Rs 361. Supports for Copper are at Rs 358 per kg. On the higher side Rs 365.40 per kg was noted while resistances are at Rs 367 per kg. The downside seen in Copper was till Rs 356.80.

slide 6:

20/04/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801 CRUDE OIL OUTLOOK: TREND: - DOWN RESISTANCE: - 3340 3370 SUPPORT: - 3280 3250 STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK The prices of Crude Oil were static in the trades ending Wednesday. The session saw settlement of benchmark Crude Oil at Rs 3305 per barrel. On the higher side Rs 3403 per barrel was tested while on lower side Rs 3316 per barrel. The prices of Crude Oil are resisted at Rs 3350 per barrel. On the lower side Rs 3260 per barrel is the support.

slide 7:

20/04/2017 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

slide 8:

20/04/2017 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.

authorStream Live Help