Daily Commodity Prediction Report 04.04.2018 by TradeIndia Research

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

2. 04/04/2018 Market Update (Energy): Crude oil may witness some bounce back at lower levels as it can test 4160 in MCX. Oil prices slipped on Wednesday on expectations for a build-up in U.S. crude inventories, but Russian government comments on prospects for stepping up cooperation with OPEC to coordinate output cuts braked steeper declines. Industry group the American Petroleum Institute, however, said on Tuesday U.S. crude stocks have unexpectedly fallen last week as refineries boosted output. Market Metals): Base metals complex may trade sideways with lack of clear direction. However improved US factory orders data later today to cap the downside to some extent. Shanghai base metal prices mostly fell on Wednesday after the United States announced fresh tariffs on 1,300 Chinese products, including some metal products, escalating a trade row with China, which has vowed to respond. Copper may face resistance 443. Three-month copper on the London Metal Exchange was up 0.2 percent at $6,810.50 a tonne, extending a 1.2 percent gain in the previous session. Market Update (Bullions): Update (Base Bullion counter may trade on mixed bias but buying can be seen at lower levels on increased safe haven demand amid trade war between China and US. On domestic bourses gold can take support neat 30650 in MCX and can move towards 30950.Meanwhile silver can take support near 38250 and can move towards 38750. Gold prices were steady in early Asian trade on Wednesday as the dollar eased amid escalating trade tensions between the United States and China. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

3. 04/04/2018 TECHNICAL ANALYST GOLD GOLD OUTLOOK: TREND: - UP RESISTANCE: - 30870, 30970. SUPPORT: - 30670, 30570. STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Gold 4hr chart has formed “Symmetrical triangle” pattern. The last session ended up consolidated near a key support holding at $1333(30665). The market is expected to continue in bullish momentum, testing all the way through $1342-1348(30890-31040) levels in the upcoming sessions. Alternatively, if the market breaks below the key support then it might turn bearish once again. The downside rally could test $1328-1325(30540- 30465) levels. Resistance holds at $1348(31040). 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

4. 04/04/2018 OUTLOOK: SILVER SILVER TREND: - UP RESISTANCE: - 38700, 38900. SUPPORT: - 38300, 38100. STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Silver daily chart has formed “Symmetrical triangle” pattern. The last session ended up bearish in trend near the channel’s support slope line. The market is expected to retest the support slope line and turn bullish once again. The upside rally could test all the way through 38600-38800 levels in upcoming sessions. Alternatively, if the market breaks below a key support holding at 38250 then it might continue in bearish momentum. The downside rally could test 38150-38000 levels. Key resistance holds at 38800. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

5. 04/04/2018 COPPER COPPER OUTLOOK: TREND: - DOWN RESISTANCE: - 442.50,445. SUPPORT: -437.50, 434. STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Copper hourly chart has formed “Descending triangle” pattern. The last session ended up bullish retesting near the channel’s resistance slope line. The market is expected to retest a key resistance holding at 441.50 and turn bearish. The downside rally could test all the way through 438.50-437 levels in the upcoming sessions. Alternatively, if the market breaks above the key resistance then it might continue in bullish momentum. The upside rally could test 443-445 levels. Key support holds at 438.50. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

6. 04/04/2018 CRUDE OIL CRUDE OIL OUTLOOK: TREND: - DOWN RESISTANCE: - 4150, 4180. SUPPORT: - 4090, 4060. STRATEGY: BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Crude oil hourly chart has formed “Falling channel” pattern. The last session ended up consolidated after retesting 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 4140. The upside rally could test all the way through 4160-4190 levels in the upcoming sessions. Once the market reaches the channel’s resistance slope line then we can expect a retest in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test 4100-4080 levels. Key support holds at 4080. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

7. 04/04/2018 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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