Daily Commodity Prediction Report 14.03.2018 by TradeIndia Research

1. 14/03/2018 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

2. 14/03/2018 Market Update (Energy): Crude oil may remain buoyant as it can test 3960 on domestic bourses as expected decline in EIA inventory data to give support to the prices. Oil prices edged up on Wednesday after posting two days of declines at the start of the week. Support came from a report that U.S. crude inventories are not rising as much as expected during the spring season now starting, implying healthy demand, and from strong China data. Market Update (Base Metals): China's industrial output expanded faster than expected at the start of the year, suggesting the world's second-biggest economy has sustained solid momentum despite a crackdown on polluting industries and a campaign to reduce risks in the financial system. London Metal Exchange copper cut early losses to trade up by 0.4 percent to $6,970 a tonne by 0313 GMT, adding to a 0.5 percent gain in the previous session, when prices edged up as the dollar fell. Market Update (Bullions): Gold prices were largely steady on Wednesday on a weaker dollar following U.S. Secretary of State Rex Tillerson's sudden dismissal and after consumer price data pointed towards a path of gradual hikes in U.S. interest rates. Asian shares eased amid fears of rising U.S. protectionism as President Donald Trump fired his Secretary of State, regarded as administration, and eyes hefty tariffs on Chinese imports. a moderate in his 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

3. 14/03/2018 TECHNICAL ANALYST GOLD GOLD OUTLOOK: TREND: - UP RESISTANCE: - 30600, 30700. SUPPORT: - 30400, 30300. STRATEGY: - SELL ON HGIH. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Gold daily chart continues in "Falling wedge” pattern. The last few sessions seems consolidated inside the channel. The market is expected to continue in bearish trend along with a small correction over positive momentum to retest the channel’s resistance slope line once again. The downside rally could test all the way through $1320- 1310(30202-22952) levels in the upcoming sessions. Alternatively, if the market breaks above the key resistance level holding at $1335(30557) then it might turn to bullish. The upside rally could test $1340-1350(30702-30952) levels. Key Support holds at $1310(22952). 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

4. 14/03/2018 OUTLOOK: SILVER SILVER TREND: - UP RESISTANCE: - 39200, 39400. SUPPORT: - 38800, 38600. STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Silver daily chart continues in "Symmetrical triangle” pattern. The last sessions ended up consolidated near a key support level holding at 38500. The market is expected to continue in bearish momentum, once the same breaks below the key support. The downside rally could test all the way through 38250-38000 levels in the upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish once again. The upside rally could test 38900-39200 levels. Key resistance holds at 39200. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

5. 14/03/2018 COPPER COPPER OUTLOOK: TREND: - DOWN RESISTANCE: - 456.50,459. SUPPORT: -452.50, 450. STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Copper 4hr chart has formed "Falling wedge” pattern. The last session ended up consolidated near the channel’s resistance slope line. The market is expected to continue in bullish trend, once the same breaks above the key resistance level holding at 452. The upside rally could test all the way through 454-456 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish. Key support holds at 448. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

6. 14/03/2018 CRUDE OIL CRUDE OIL OUTLOOK: TREND: - DOWN RESISTANCE: - 3980, 4010. SUPPORT: - 3920, 3890. STRATEGY: SELL ON HIGH. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Crude Oil 4hr chart has formed "Falling wedge” pattern. The last session ended up retesting a key resistance level inside the channel holding at $61(3957). The market is expected to continue in bearish, testing all the way through $60-59(3892-3827) levels in the upcoming sessions. Alternatively, if the market breaks above the resistance level then it might turn bullish once again. The upside rally could test $62-63(4022-4087) levels. Support holds at $59(3827). 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

7. 14/03/2018 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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