Daily Commodity Prediction Report 12.03.2018 by TradeIndia Research

1. 12/03/2018 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

2. 12/03/2018 Market Update (Energy): Crude oil may surge higher on decline in rig count as it may test 4050 in MCX. Oil markets climbed on Monday on the back of a drop in the number of U.S. rigs drilling for more production and as the U.S. economy continued to create jobs, which industry hopes will drive higher fuel demand. Market Update (Base Metals): Three-month copper on the London Metal Exchange was down 0.3 percent to $6,941 a tonne, having closed up 1.9 percent in the previous session. Meanwhile China reaised fear of trade war can impact global growth. Any trade war with the United States will only bring disaster to the world economy, Chinese Commerce Minister Zhong Shan said on Sunday. Market Update (Bullions): Gold prices fell on Monday as the dollar held steady after data showed the U.S. economy added a larger-than-expected number of jobs in February. A relief rally swept across Asian share markets on Monday after the U.S. jobs report managed to impress with its strength while also easing fears of inflation and faster rate hikes, a neat feat that whetted risk appetites globally. Non-farm payrolls jumped by 313,000 jobs last month, boosted by the largest rise in construction jobs since 2007, the Labor Department said on Friday. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

3. 12/03/2018 TECHNICAL ANALYST GOLD GOLD OUTLOOK: TREND: - UP RESISTANCE: - 30520, 30620. SUPPORT: - 30320, 30250. STRATEGY: - SELL ON HGIH. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Gold daily chart continues in "Falling wedge” pattern. The last session has formed a “Hammer” like candlestick pattern which could be read as a trend reversal one. The market is expected to continue in bearish trend, once the same breaks below a key support holding at $1315(30285). The downside rally could test all the way through $1310-1300(30160-29910) 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 $1330-1340(30535-30660) levels. Resistance holds at $1340(30660). 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

4. 12/03/2018 OUTLOOK: SILVER SILVER TREND: - UP RESISTANCE: - 39100, 39300. SUPPORT: - 38700, 38500. STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Silver daily chart has formed "Symmetrical triangle” pattern. The last few sessions seems consolidated after retesting 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 39200-39450 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test 38700-38500 levels. Key support holds at 38500. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

5. 12/03/2018 COPPER COPPER OUTLOOK: TREND: - DOWN RESISTANCE: - 456.50,460. SUPPORT: -450.50, 448. STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Copper 4-hour chart has formed "Falling wedge” pattern. The last session been a strong bullish one and has ended up near the channel’s resistance slope line. The market is expected to continue in bearish momentum by retesting the key resistance holding at 454. The downside rally could test all the way through 450-448 levels in the upcoming sessions. Alternatively, if the market breaks above the resistance then it might continue in bullish momentum. The upside rally could test 456-458 levels. Key Support holds at 448. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

6. 12/03/2018 CRUDE OIL CRUDE OIL OUTLOOK: TREND: - DOWN RESISTANCE: - 4070, 4100. SUPPORT: - 4000, 3970. STRATEGY: SELL ON HIGH. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Crude oil daily chart has formed "Symmetrical triangle” pattern. The last session been a strong bullish one. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at $63(4093). The upside rally could test all the way through $64-65(4158-4223) levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test $61-60(3963-3898) levels. Key Support holds at $60(3898). 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

7. 12/03/2018 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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