Commodity Daily Prediction Report 27.02.2018 by TradeIndia Research

1. 27/02/2018 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

2. 27/02/2018 Market Update (Energy): Crude oil may remain sideways as it can move in range of 4120-4190. Oil prices extended gains on Tuesday, supported by signs of stronger demand, robust production curbs led by OPEC and a slight fall in U.S. output. Prices have been rising since the U.S. Energy Information Administration (EIA) last week said there was a surprise draw on oil stockpiles amid a fall off in imports and a surge in exports. He was referring to Libya's National Oil Corp's declaration of force majeure on Saturday for the 70,000-bpd El Feel oilfield after it was closed by a protest by guards. Market Metals): London copper prices inched up on Tuesday, lifted in light trade by a weaker dollar ahead of Federal Reserve Chairman Jerome Powell's highly- anticipated first congressional testimony later in the day. Sales of new U.S. single-family homes fell for a second straight month in January, weighed down by steep declines in the Northeast and South, which could raise concerns the housing market is losing momentum. Slack in the euro zone economy may be bigger than previously estimated and this could slow the rise of inflation but only temporarily and prices will eventually climb, European Central Bank President Mario Draghi said on Monday. Market Update (Bullions): Update (Base Gold prices were up for a second day in a row on the back of a weaker dollar, while investors awaited U.S. Federal Reserve Chair Jerome Powell's first congressional testimony for clues on the future pace of monetary tightening. Powell's testimony could determine whether the greenback's recovery from a three-year low that it hit on Feb. 16 can be sustained. The prospect of further interest rate increases by the Fed, more than what the market initially priced in, has bolstered the dollar in the last few weeks. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

3. 27/02/2018 TECHNICAL ANALYST GOLD GOLD OUTLOOK: TREND: - UP RESISTANCE: - 30650, 30750. SUPPORT: - 30450, 30350. STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Gold daily chart has formed "Symmetrical triangle” pattern. The last few sessions seems consolidated but bullish in trend after retesting the channel’s support slope line. The market is expected to continue in bullish momentum, testing all the way through $1340- 1350(30645-30895) levels in upcoming weeks. Alternatively, if the market breaks below the key support level at $1325(30270), then sellers might take control over the same. Resistance holds at $1350(30895). 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

4. 27/02/2018 OUTLOOK: SILVER SILVER TREND: - DOWN RESISTANCE: - 38700, 38900. SUPPORT: - 38300, 38100. STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Silver hourly chart has formed “Symmetrical triangle” pattern. The last session ended up consolidated inside the channel. As per the technical aspects of the pattern, the market is expected to continue in bullish momentum. The upside rally could test all the way through 38550-38700 levels in the upcoming sessions. Alternatively, if the market breaks below the key support level at 38400 then it might turn to bearish. The downside rally could test 38200-38100 levels. Resistance holds at 38700. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

5. 27/02/2018 COPPER COPPER OUTLOOK: TREND: - DOWN RESISTANCE: - 460.50,463. SUPPORT: -455.50, 453. STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Copper 4hr chart has formed “Rising wedge” pattern. The last session ended up bearish near the channel’s support slope line. The market is expected to continue in bearish momentum, once the same breaks below a key support level holding at 457. The downside rally could test all the way through 456-454 levels in the upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish. The upside rally could test 462-465 levels. Resistance holds at 465. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

6. 27/02/2018 CRUDE OIL CRUDE OIL OUTLOOK: TREND: - UP RESISTANCE: - 4170, 4200. SUPPORT: - 4110, 4080. STRATEGY: BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Crude oil 4hr chart has formed “Rising wedge” pattern. The last session ended up bullish but consolidated near the channel’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above a key resistance level holding at $64.50(4178). The upside rally could test all the way through $65-66(4210-4275) 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 $63.50-62.50(4113-4048) levels. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

7. 27/02/2018 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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