Daily Commodity Prediction Report 05.04.2018 by TradeIndia Research

1. 05/04/2018 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

2. 05/04/2018 Market Update (Energy): Crude oil may open in green as it can test 4150 in MCX on decline in inventories. Oil prices rose on Thursday, holding onto a late-session rally the previous day, buoyed by the U.S. government data showing a surprise drawdown in crude stockpiles. Before the rebound late on Wednesday, after the release of the Energy Information Administration (EIA) inventory data, WTI and Brent had hit two-week lows after China proposed a broad range of tariffs on U.S. exports, feeding fears of a trade war. Market Metals): Base metals complex may witness some bounce back after yesterday sharp selloff. London metals edged higher on Thursday as the global market mood lifted after comments by the U.S. on China soothed concerns about an escalating trade spat between the world's two biggest economies. The United States signalled its willingness on Wednesday to try to resolve an escalating trade dispute with China after Beijing retaliated against proposed U.S. tariffs on $50 billion in Chinese goods by targeting key American imports. Market Update (Bullions): Update (Base Bullion counter may open on lower path tracking weak international markets .On domestic bourses gold can take support near 30600 in MCX and can move towards 30950.Meanwhile silver can take support near 38000 and can move towards 38500. Gold prices fell on Thursday, after hitting a one-week high in the previous session, as the dollar steadied and equities recovered on the United States's willingness to negotiate on tariffs with China, easing fears of a full-blown trade war. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

3. 05/04/2018 TECHNICAL ANALYST GOLD GOLD OUTLOOK: TREND: - DOWN RESISTANCE: - 30750, 30850. SUPPORT: - 30550, 30450. STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Gold 4hr chart has formed “Symmetrical triangle” pattern. The last session ended up bearish in trend after retesting the channel’s resistance slope line. The market is expected to continue in bearish momentum, once the same breaks below a key support holding at $1332(30735). The downside rally could test all the way through $1328- 1324(30635-30535) levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test $1338-1344(30885-31035) levels. Key resistance holds at $1344(31035). 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

4. 05/04/2018 OUTLOOK: SILVER SILVER TREND: - DOWN RESISTANCE: - 38300, 38500. SUPPORT: - 37900, 37700. STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Silver daily chart has formed “Symmetrical triangle” pattern. The last few sessions ended up bearish in trend as the prices have broken out the channel’s support slope line. The market is expected to continue in bearish momentum, testing all the way through 38000- 37800 levels in upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 38500 then it might turn bullish. The upside rally could test 38650- 38800 levels. Key support holds at 37800. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

5. 05/04/2018 COPPER COPPER OUTLOOK: TREND: - DOWN RESISTANCE: - 437.50,440. SUPPORT: -432.50, 430. STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Copper daily chart has formed “Descending broadening wedge” pattern. The last session been strongly bearish in trend by retesting the channel’s resistance slope line. The market is expected to continue in bearish momentum, once the same breaks below a key support holding at 432. The downside rally could extend all the way through 430-428 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test 435-438 levels. Key resistance holds at 438. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

6. 05/04/2018 CRUDE OIL CRUDE OIL OUTLOOK: TREND: - DOWN RESISTANCE: - 4160, 4190. SUPPORT: - 4100, 4070. STRATEGY: BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Crude oil daily chart has formed “Rising channel” pattern. The last session ended up consolidated after retesting near the channel’s support slope line. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at $64(4160). The upside rally could test all the way through $65-66(4225-4290) levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test $63-62(4095-4030) levels. Key support holds at $62(4030). 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

7. 05/04/2018 DISCLAIMER DISCLAIMER 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. All Rights Reserved. Investment in Commodity and equity market has its own risks. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

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