commodity Daily Report - 25-05-2017 By TradeIndia Research


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


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25/05/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801

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25/05/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801 Crude oil futures snap their winning streak on Wednesday: Crude oil futures snapped their winning streak on Wednesday despite word that OPEC will agree to extend its supply quota plan. Traders also overlooked the bullish report from the Energy Information Administration EIA showing U.S. crude inventories fell more than expected in the previous week. EIA said that crude oil inventories fell by 4.43 million barrels. Gasoline inventories dropped by only 0.485 million while distillate stockpiles fell by 0.485 million barrels. Meanwhile Kuwait Iraq Oman and Venezuela supported the Saudi-Russia agreement that production curbs needed to be extended for a period of nine-months until March 2018 to reduce global supply to the five-year average. Copper futures end lower on Wednesday: Copper futures ended lower on Wednesday after Moodys downgraded Chinas credit ratings for the first time in 30 years raising concerns about demand in the worlds largest consumer of industrial metals. Though a drop in copper stockpiles capped some losses in copper futures. Gold futures end lower on Wednesday: Gold futures ended lower on Wednesday after minutes from the Federal Reserve’s May policy meeting appeared to show that the majority of the central bank’s officials remain resolute about hiking rates at their meeting in June which is widely expected. Though some losses were capped as the dollar slipped against a basket of major currencies.

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25/05/2017 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 The prices of Refined Gold lost ground with session ending at Rs 28710 per 10 grams. The metal tested a high of Rs 28760 per 10 grams and a low of Rs 28645 per 10 grams. Resistance for Gold is at Rs 28850 and 29050 per 10 grams. Meanwhile supports for Gold is at Rs 28600 per 10 grams. Powered b

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25/05/2017 301 3 rd Floor Mangal City Vijay Nagar Indore Toll Free : 18003157801 SILVER OUTLOOK: TREND: - UP RESISTANCE: - 40050 40200. SUPPORT: - 38750 38600. 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 per 30 kilogram upside second previous day. At end of the day the prices were settled at 39832 per 30 kilogram. On the higher side Rs 39887 per 30 kilogram as resistances were noted while lows were at Rs 39471 per 30 kilograms as support noted. The metals remain under a volatile zone.

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25/05/2017 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 The prices of copper was sideways with static volumes. Copper tested levels of 0.09 in the session gone by. At the time of closing Copper was at Rs 371.15 per kg. On the higher side Rs 372.70 per kg was noted while on the lower side Rs 367.65 per kg was tested. Resistance for Copper is at Rs 374 and 376 per kg. Supports of Rs 365 and 362 per kg is active.

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25/05/2017 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 WTI Crude oil futures are lingering around one month highs around 51.80 per barrel today as a drop in US crude oil inventories kept the commodity supported. Prices have also been boosted on optimism that OPEC would agree a 9- month extension to output cuts at todays meeting. Supportive economic data and equities are keeping Crude oil afloat after the break above 50 per barrel for the WTI futures. MCX Crude oil futures ended around Rs 3330 per barrel marginally in red.

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25/05/2017 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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25/05/2017 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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