commodity Daily Report - 24-05-2017 By TradeIndia Research


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Daily Commodity report by tradeindia research.providing Accurate CallS , Tips $ Services


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24/05/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801

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24/05/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801 Crude oil futures reach five week high: Crude oil futures moved further high and reached a five-week high on Tuesday ahead of US inventories data that may show stockpiles continued to dwindle from record levels. Traders overlooked the Goldman Sachs report downgrading the energy sector amid concerns that rig count growth will "flatten out" over the next few years. However there was some concern too ahead of the Organization of the Petroleum and Exporting Countries meeting later this week. As Kuwaiti Oil Minister Issam Almarzooq said some countries are not in favour of a nine-month extension but there’s a preliminary agreement on a six-month deal that will be reviewed in November. Copper futures trade lower on MCX: Copper futures traded lower on MCX despite the dollar fell with focus shifting to an upcoming monthly breakdown of China trade data. Gold futures end lower on Tuesday: Gold futures ended lower on Tuesday as the US dollar rebounded from 6-1/2-month lows and investors shrugged off heightened political risk following a deadly suicide attack in Britain. The blast at a concert hall in Manchester which killed at least 22 people prompted the US dollar to gain against sterling but failed to move gold higher. Meanwhile the precious-metals market will also look for clues on the timing for US interest rate increases from the release Wednesday of minutes from the Federal Reserve’s early-May meeting.

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24/05/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801 TECHNICAL ANALYST OUTLOOK: TREND: - UP RESISTANCE: - 28850 29000. SUPPORT: - 28600 28450. STRATEGY: - BUY ON LOW. GOLD TECHNICAL OUTLOOK Refined Gold prices upticked by a small margin on 23 May 2017. The prices tested a high of Rs 28818 per 10 grams gaining 0.11. The metal tested a high of Rs 28935 per 10 grams and a low of Rs 28755 per 10 grams. Further extension of gains can take yellow metal towards Rs 29000 per 10 grams. On the lower side Rs 28700 per 10 grams are noted supports.

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24/05/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801 SILVER OUTLOOK: TREND: - UP RESISTANCE: - 39750 39900. SUPPORT: - 38450 38300. STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK The Prices of silver were moving up toward 40000 on Tuesday the prices of silver made a resistance of 40245 upside due to weaken dollar. At end of the day the prices were settled at 39958 per 30 kilogram. On the higher side Rs 40245 per 30 kilogram as resistances were noted while lows were at Rs 39658 per 30 kilograms as support noted. The metals remain under a volatile zone.

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24/05/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801 COPPER OUTLOOK: TREND: - DOWN RESISTANCE: - 372.50375. SUPPORT: -367.50 365. STRATEGY: - SELL ON HIGH TECHNICAL OUTLOOK Copper has managed to corner some more gains in the trading session ending 23 May 2017. The prices have surpassed Rs 370 per kg even though the rally looks vulnerable. It will be difficult for Copper to move past Rs 380 per kg in the coming days. On the lower side possibility of testing Rs 350 per kg is high. The prices tested a high of Rs 373.8 per kg and a low of Rs 369.25 per kg before ending at Rs 373.55 per kg.

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24/05/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801 CRUDE OIL OUTLOOK: TREND: - UP RESISTANCE: - 3380 3410. SUPPORT: - 3320 3290 STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK Crude Oil gained by another 1 on Wednesday thanks to renewed buying interest and gains in open positions. The benchmark Crude Oil expiry contract was at Rs 3343 per barrel at the time of closing. The contract tested a high of Rs 3346 per barrel and a low of Rs 3284 per barrel. Supports for Crude Oil are at Rs 3300 and 3250 per barrel while resistance is at Rs 3400 per barrel.

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24/05/2017 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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24/05/2017 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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