1 / 8

Daily Commodity Prediction Report 15.03.2018 by TradeIndia Research

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.

Parulsoni
Download Presentation

Daily Commodity Prediction Report 15.03.2018 by TradeIndia Research

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 15/03/2018 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

  2. 15/03/2018 Market Update (Energy): Crude oil may remain range bound as crude can test 3980 in MCX. Oil prices held steady on Thursday, supported by healthy global demand but capped by the relentless rise in U.S. production that is undermining efforts led by producer cartel OPEC to cut supplies and prop up markets. Market Update (Base Metals): LME copper traded up 0.3 percent at $7,006 a tonne by 0157 GMT, adding to 0.6 percent gains from the previous session. Prices are expected to rise over the coming month as industrial production in the seasonally strongest second quarter ramps up. Aluminium can try to find support near 132. Market Update (Bullions): Gold prices edged higher early Thursday and hovered near one-week highs hit in the previous session, as concerns over trade tensions weighed on share markets. Stock markets sagged broadly on Thursday while government bonds attracted safe-haven demand amid mounting investor concerns that growing trade tensions could hurt the global economy. U.S. retail sales fell for a third straight month in February as households cut back on purchases of motor vehicles and other big-ticket items, prompting analysts to downgrade their first-quarter economic growth forecasts. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

  3. 15/03/2018 TECHNICAL ANALYST GOLD GOLD OUTLOOK: TREND: - UP RESISTANCE: - 30550, 30650. SUPPORT: - 30350, 30250. STRATEGY: - SELL ON HGIH. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Gold daily chart continues in "Falling wedge” pattern. The last session ended up retesting near the channel’s support slope line. The market is expected to continue in bearish trend by retesting a key resistance level holding at $1330(30530). The downside rally could test all the way through $1320-1310(30280-30030) levels in the upcoming sessions. Alternatively, if the market breaks above the key resistance. The upside rally could test $1340-1350(30780-31030) levels. Key Support holds at $1310(30030). 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

  4. 15/03/2018 OUTLOOK: SILVER SILVER TREND: - UP RESISTANCE: - 39000, 39200. SUPPORT: - 38600, 38400. STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Silver daily chart has formed "Falling wedge” pattern. The last few sessions seems consolidated as the prices have already broken out the channel’s resistance slope line in last week. The market is expected to continue in bearish momentum, once the same breaks below a key support holding at 38650. The downside rally could test all the way through 38400-38200 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test 38900-39200 levels. Resistance holds at 39200. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

  5. 15/03/2018 COPPER COPPER OUTLOOK: TREND: - DOWN RESISTANCE: - 456.50,459. SUPPORT: -452.50, 450. STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Copper daily chart has formed "Falling wedge” pattern along with a “Rising channel”. The last session ended up bullish as the prices have already broken out the wedge’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above the key resistance holding at 456. The upside rally could test all the way through 458-460 levels in the upcoming sessions. Alternatively, if the market breaks below the key support holding at 450 then it might turn bearish once again. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

  6. 15/03/2018 CRUDE OIL CRUDE OIL OUTLOOK: TREND: - DOWN RESISTANCE: - 3990, 4020. SUPPORT: - 3930, 3900. STRATEGY: BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Crude Oil hourly chart has formed "Falling wedge” pattern. The last session ended up bullish after retesting a key support holding at $60(3896). As per the technical aspects of the pattern, the market is expected to continue in bullish for a while to retest a key resistance holding at $61.50(3993) and then turn bearish once again. The downside rally could test $60.50-60(3928-3896) Alternatively, if the market breaks above the resistance level then it might turn bullish. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

  7. 15/03/2018 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

  8. 15/03/2018 We, however, do not Touch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above. Trade India Research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

More Related