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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.
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05/03/2018 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900
05/03/2018 Market Update (Energy): WTI Crude oil futures edged up on bargain buying after testing a two week low near $60 per barrel. WTI Crude oil futures slipped earlier in the week, extending losses amid weak equities and rising US crude oil inventories. US crude oil inventories increased for the week ending February 23, and refineries operated at 87.8% of their operable capacity, or 49,000 barrels per day more than the previous week's average, said the US Energy Information Administration (EIA). Market Update (Base Metals):he private Caixin/Markit Manufacturing Purchasing Managers' Index for February beat expectations to reach its highest in six months, a day after China's official factory activity reading raised concerns of a sharper-than-expected slowdown in the world's second biggest economy.China's Ministry of Industry and Information Technology (MIIT) has pledged to strengthen its monitoring of the price of nonferrous metals such as aluminium in order to prevent "excessive" speculation that could distort the market. Market Update (Bullions): COMEX Gold futures extended losses amid a slippery mood in world equities before some bargain buying emerged in the metal around its two month low. COMEX Gold took a tumble as investors interpreted the comments from Jerome H. Powell, the new chairman of the Federal Reserve. Powell said in that his expectations for domestic economic growth have increased since the beginning of the year, citing the passage of the $1.5 trillion tax cut and stronger global growth. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900
05/03/2018 TECHNICAL ANALYST GOLD GOLD OUTLOOK: TREND: - DOWN RESISTANCE: - 30600, 30700. SUPPORT: - 30400, 30300. STRATEGY: - SELL ON HGIH. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Gold daily chart has formed "Descending channel” pattern. The last session ended up bullish inside the channel. The market is expected to continue in bullish momentum, testing all the way through $1335-1340(30700-30825) levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at $1320(30325) then it might turn bearish. Resistance holds at $1340(30825). 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900
05/03/2018 OUTLOOK: SILVER SILVER TREND: - DOWN RESISTANCE: - 38700, 38900. SUPPORT: - 38300, 38100. STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Silver daily chart has formed "Falling wedge” pattern. The last session ended up retesting the channel’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 39000. The upside rally could test all the way through 39250-39500 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 38500-38000 levels. Support holds at 38000. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900
05/03/2018 COPPER COPPER OUTLOOK: TREND: - DOWN RESISTANCE: - 454.50,457. SUPPORT: -449.50, 447. STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Copper hourly chart has formed "Falling wedge” pattern. The last session ended up consolidated after breaking out the channel’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 455. The upside rally could test all the way through 458-460 levels in the upcoming sessions. Alternatively, if the market breaks below the key support holding at 450 then it might turn bearish in trend. The downside rally could test 448-446 levels. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900
05/03/2018 CRUDE OIL CRUDE OIL OUTLOOK: TREND: - DOWN RESISTANCE: - 4030, 4060. SUPPORT: - 3970, 3940. STRATEGY: SELL ON HIGH. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Crude oil daily chart has formed "Ascending broadening wedge” pattern. The last few sessions ended up retesting the channel’s support slope line. The market is expected to continue in bullish momentum, testing all the way through $63-64(4095-4160) levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at $60(3900) then it might turn bearish. The downside rally could test $59-58(3835-3770) levels. Resistance holds at $64(4160). 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900
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