COMMODITY WEEKLY REPORT 03-07 OCT. 16

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Gold prices little changed, seen higher :- Gold prices were little changed on Friday, as mixed U.S. data released on Friday weighed on the dollar and as sustained concerns over the European banking sector pushed traders to turn to safer assets.

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COMMODITY WEEKLY REPORT 03 TO 07 OCTOBER 2016 Trade House 426 Alok Nagar Kanadia Main Road Near Bangali Square Indore-452001 M.P. India Mobile :+91-9039261444 E-mail: infotradenivesh.in Telephone :+91-731-698.3000

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FUNDAMENTAL VIEW:- Gold prices litle changed seen higher : - Gold prices were litle changed on Friday as mixed U.S. data released on Friday weighed on the dollar and as sustained concerns over the European banking sector pushed traders to turn to safer assets. TECHNICAL VIEW:- For the next week:- Gold has support of 30800 levels. And strong support in range of 30500 to 30000 levels. Resistanc- es are in the range of 31280 to 31450 levels. TRADING STRATEGY:- BUY GOLDDEC. ON DIP BIT WEEN 30730-30770 TGT 3100031250 SL BELOW 30480 WEEKLY SUPPORT AND RESISTANCE :- S Y M B OL R3 R2 R1 PV S1 S2 S3 GOLD 32100 31800 31600 31280 31050 30760 30570 Visit web: www.tradenivesh.com Call Us On : + 91-9039261444 GOLD DEC. MCX WEEKLY CHART

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FUNDAMENTAL VIEW:- Silver up as stocks fall on Deutsche Bank worries:- Gold inched up on Friday as equites fell on the back of worries about the health of Deutsche Bank spurring some safe - haven demand for the yellow metal but a frmer dollar capped gains and the metal was on track to end the week down over 1 percent. TECHNICAL VIEW:- For the next week:- Silver has support of 45300 levels. And strong support in range of 44500 to 44000 levels. Re- sistances are in the range of 47800 to 48300 levels. BUY SILVER DEC. ON DIP BIT WEEN 45250 –45300 TGT 45800 46300 SL BELOW 44600 WEEKLY SUPPORT AND RESISTANCE :- Visit web: www.tradenivesh.com Call Us On : + 91-9039261444 S Y M B OL R3 R2 R1 PV S1 S2 S3 SILVER 49282 48085 47627 46430 45972 44775 44317 SILVER DEC. MCX WEEKLY CHART

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FUNDAMENTAL VIEW: OPEC oil output hits record on Iraq Libya boost: Reuters survey :- OPECs oil output is likely to reach its highest in recent history in September a Reuters survey found on Friday as Iraq boosted northern exports and Libya reopened some of its main oil terminals. The increase comes despite lower output in top exporter Saudi Arabia and this weeks agreement by the Organizaton of the Petroleum Exportng Countries in Algeria to limit supply to support prices its frst such decision since 2008. TECHNICAL VIEW:- For the next week:- MCX Crude oil showed upside movement in last trading weeks. crude has support of 3150 levels. And strong support in range of 3100 to 3050 levels. Resistances are in the range of 3320 to 3450 levels. TRADING STRATEGY:- BUY CRUDEOIL BET WEEN 3130-3150 TGT 32303350 SL BELOW 3030 WEEKLY SUPPORT AND RESISTANCE :- S Y M B OL R3 R2 R1 PV S1 S2 S3 CRUDE OIL 3416 3324 3136 3044 2856 2764 2576 Visit web: www.tradenivesh.com Call Us On : + 91-9039261444 CRUDE OIL OCT. MCX WEEKLY CHART

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FUNDAMENTAL VIEW:- Natural Gas lower despite bullish US supplies data :- Natural gas futures fell during noon trade in the domestc market on Friday as investors cast aside a less -than-expected rise in US gas supplies last week. The EIA said that US gas stockpiles rose by 49 billion cubic feet to 3.6 trillion cubic feet in the week ended September 23 2016 against expectatons of an increase of 55 billion cubic feet a 96 billion cubic feet and 97 billion cubic feet a year ago and a fve -year average respectvely. TECHNICAL VIEW:- For the next week:- Natural gas face resistance level around 205 last 3week and we can see the target of 190/185 Oth- erwise natural gas may be go up side if it will break and hold resistance level of 205 we will see 210/215 level. TRADING STRATEGY:- SELL NGAS IN A RANGE OF 202-204 TGT 196188 SL ABOVE 211 WEEKLY SUPPORT AND RESISTANCE:- S Y M B OL R3 R2 R1 PV S1 S2 S3 NATURALGAS 210.85 206.93 201.35 197.43 191.85 187.93 182.35 Visit web: www.tradenivesh.com Call Us On : + 91-9039261444 NATURAL GASOCT. MCX WEEKLY CHART

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FUNDAMENTAL VIEW:- Improved China demand outlook buoys Copper :- Copper futures rose during noon trade in the domestc market on Friday as investors and speculators booked fresh positons in the industrial metal amid bets that a pickup in the Chinese economy may bolster demand. TECHNICAL VIEW:- MCX Copper last month showed strong bullish movement in all trading session and closed around 328. it is also closed around short term resistance of 338.Now if it will sustain above 320 then the next major resistance is 332 on the other hand if it will break the support of 315 then 305 will act as next support level. TRADING STRATEGY:- BUY COPPER ON DIP BIT WEEN 322-324 TGT 330338 SL BELOW 314 WEEKLY SUPPORT AND RESISTANCE :- S Y M B OL R3 R2 R1 PV S1 S2 S3 COPPER 339.15 334.23 331.05 326.13 322.95 318.03 314.85 Visit web: www.tradenivesh.2com COPPEROCT. MCX WEEKLY CHART

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Visit web: www.tradenivesh.com Call Us On : + 91-9039261444 STATUS OF PREVIOUS WEEK RECOMMENDATIONS COMMODITY RECOM ENTRY TGT-1 TGT-2 STOP LOSS STATUS GOLD AUGUST SILVER CRUDE N.GAS COPPER

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Visit web: www.tradenivesh.com Call Us On : + 91-9039261444 ECONOMY DATA NEXT WEEK

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DISCLAIMER This document is solely for the personal informaton of the recipient and must not be singularly used as the basis of any investment decision. Nothing in this document should be construed as investment or fnancial advice. Each recipi- ent of this document should make such investgatons as they deem necessary to arrive at an independent evaluaton of an investment in the securites of the companies referred to in this document including the merits and risks in- volved and should consult their own advisors to determine the merits and risks of such an investment. Reports based on technical and derivatve analysis center on studying charts of a stocks price movement outstanding positons and trading volume. The informaton in this document has been printed on the basis of publicly available informaton internal data and other reliable sources believed to be true but we do not represent that it is accurate or complete and it should not be relied on as such as this document is for general guidance only. Trade Nivesh shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the infor- maton contained in this report. Trade Nivesh has not independently verifed all the informaton contained within this document. Accordingly we cannot testfy nor make any representaton or warranty express or implied to the accu- racy contents or data contained within this document. While Trade Nivesh endeavors to update on a reasonable basis the informaton discussed in this material there may be regulatory compliance or other reasons that prevent us from doing so. Investment in equity Commodity market has its own risks. We Trade Nivesh shall not be liable or responsible for any loss or damage that may arise from the use of this informaton. Visit web: www.tradenivesh.com Call Us On : + 91-9039261444

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