Daily Commodity Prediction Report 07.03.2018 by TradeIndia Research

1. 07/03/2018 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

2. 07/03/2018 Market Update (Energy): Crude oil may open lower as surge in stock positions in API data dragged the price lower. Crude oil may test 4020 in MCX .Oil prices fell on Wednesday, pulled down by weaker share markets after a key advocate for free trade in the U.S. government resigned, triggering concerns that Washington would go ahead with import tariffs and risk a trade war. Crude inventories rose by 5.661 million barrels in the week to 426.880 million barrels, data from the American Petroleum Institute showed on Tuesday. (Base Market Update Metals): London Metal Exchange copper slipped by 0.5 percent to $6,971 a tonne by 0223 GMT, paring a 1.4 percent gain from the previous session. Prices have traded in a $6,850-$7,250 range since midFebruary, bumping up against four-year highs, as global manufacturing has ramped up to feed construction and power industries in Europe, China and the United States. Market Update (Bullions): Gold prices inched higher early Wednesday to their highest in a week as U.S. equities and the dollar weakened after President Donald Trump said he would push ahead with punitive tariffs on steel and aluminium imports, rekindling fears of a potential trade war. Trump's top economic adviser Gary Cohn resigned on Tuesday after the U.S. president said he was sticking with plans to impose hefty tariffs on steel and aluminium imports. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

3. 07/03/2018 TECHNICAL ANALYST GOLD GOLD OUTLOOK: TREND: - UP RESISTANCE: - 30750, 30850. SUPPORT: - 30550, 30450. STRATEGY: - SELL ON HGIH. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Gold 4-hour chart has formed a long-term “Triple bottom chart” pattern. The last few sessions been bullish in trend. The market is expected to continue in bullish momentum once the same breaks above a key resistance holding at $1345(30705). The upside rally could test all the way through $1350-1360(30830-31080) 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 $1330-1320(30330-30080) levels. Key Support holds near $1320(30080). 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

4. 07/03/2018 OUTLOOK: SILVER SILVER TREND: - UP RESISTANCE: - 39400, 39600. SUPPORT: - 39000, 38800. STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Silver daily chart has formed "Falling channel” pattern. The last session ended up retesting near the channel’s resistance slope line. The market is expected to continue in bearish momentum, testing all the way through 38400-38000 levels in the upcoming sessions. Alternatively, if the market breaks above the key resistance holding at 39000 then it might turn bearish once again. The downside rally could test 39250-39500 levels. Support holds near 38000. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

5. 07/03/2018 COPPER COPPER OUTLOOK: TREND: - DOWN RESISTANCE: - 457.50,460. SUPPORT: -452.50, 450. STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Copper hourly chart has formed "Descending channel” pattern. The last session ended up 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 454. The downside rally could test all the way through 452-450 levels in the upcoming sessions. Alternatively, if the market breaks above the key resistance holds at 457 then it might turn bullish once again. The upside rally could test 460-462 levels. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

6. 07/03/2018 CRUDE OIL CRUDE OIL OUTLOOK: TREND: - DOWN RESISTANCE: - 4080, 4110. SUPPORT: - 4020, 3990. STRATEGY: SELL ON HIGH. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Crude oil daily chart has formed "Megaphone chart” pattern. The last session ended up retesting a key resistance holding at $63(4090) inside the channel. The market is expected to continue in bearish momentum, testing all the way through $61.50-60(3993-3895) levels in the upcoming sessions. Alternatively, if the market breaks above the resistance level then it might continue in bullish momentum. The upside rally could test $64-66(4155-4285) levels. Key Support holds at $60(3895). 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

7. 07/03/2018 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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