Daily Commodity Prediction Report 26.02.2018 by TradeIndia Research

1. 26/02/2018 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

2. 26/02/2018 Market Update (Energy): Crude oil may extend last week gains as it can move in range of 4080-4160 due to strong compliance of OPEC countries regarding production cut. Oil prices extended gains to hit two-week highs on Monday, supported by comments from Saudi Arabia that it would continue to curb exports in line with the OPEC-led effort to cut global supplies. Prices were supported after Saudi Arabian oil minister Khalid al-Falih on Saturday said the country's oil production in January-March would be well below output caps, with exports averaging below 7 million barrels per day (bpd). Market Metals): London metals climbed on Monday bolstered by reports over the weekend that base metal imports to China surged in January, underlining the country's healthy demand. China's imports of copper, nickel and zinc grew strongly in January. Copper imports rose 13 percent to 314,525 tonnes, refined nickel imports doubled to 26,691 tonnes and refined zinc imports surged to 67,111 tonnes, up 287 percent. Market Update (Bullions): Update (Base Gold prices edged up on early Monday, after declining more than 1 percent last week, as the U.S. dollar steadied following recent gains. Rising U.S. Treasury yields, a view that the dollar's selloff had been overdone, and minutes from the Fed's January rate-setting meeting that offered a relatively upbeat tone helped the dollar index gain 0.9 percent last week. The U.S. Federal Reserve, looking past a recent stock market sell-off and concern about inflation, said on Friday that it sees steady growth continuing and no serious risks on the horizon that might pause its planned pace of rate hikes.. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

3. 26/02/2018 TECHNICAL ANALYST GOLD GOLD OUTLOOK: TREND: - UP RESISTANCE: - 30650, 30750. SUPPORT: - 30450, 30350. STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Gold daily chart has formed "Symmetrical triangle” pattern. The last few sessions seems consolidated but bullish in trend after retesting the channel’s support slope line. The market is expected to continue in bullish momentum, testing all the way through $1345- 1350(30755-30880) levels in upcoming weeks. Alternatively, if the market breaks below the key support level at $1320(30130), then sellers might take control over the same. Resistance holds at $1350(30880). 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

4. 26/02/2018 OUTLOOK: SILVER SILVER TREND: - DOWN RESISTANCE: - 38800, 39000. SUPPORT: - 38400, 38200. STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Silver hourly chart has formed “Symmetrical triangle” pattern. The last session ended up retesting the channel’s resistance slope line near 38750. As per the technical aspects of the pattern, the market is expected to continue in bearish momentum. The downside rally could test all the way through 38400-38200 levels in the upcoming sessions. Alternatively, if the market breaks above the resistance level, then it might turn bullish. The upside rally could test 39000-39500 levels. Support holds at 38200. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

5. 26/02/2018 COPPER COPPER OUTLOOK: TREND: - DOWN RESISTANCE: - 462.50,465. SUPPORT: -457.50, 455. STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Copper daily chart has formed "Inverse head and shoulders” pattern. The last session seems bearish in trend after retesting the pattern’s neckline resistance level at 465. The market is expected to continue in bearish momentum, once the same breaks below the key support level at 454. The downside rally could test all the way through 450-445 levels in 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 all the way through 460-465. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

6. 26/02/2018 CRUDE OIL CRUDE OIL OUTLOOK: TREND: - UP RESISTANCE: - 4160, 4190. SUPPORT: - 4100, 4070. STRATEGY: BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Crude oil 4hr chart has formed “Rising wedge” pattern. The last session ended up bullish after retesting a key support at $62.50(4042). The market is expected to continue in bullish momentum, once the same breaks above a key resistance level holding at $64.50(4172). The upside rally could test all the way through $65-66(4204-4269) levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish. The downside rally could test $63.50-62.50(4107-4042) levels. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

7. 26/02/2018 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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