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Daily Commodity Prediction Report 26.04.2018 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.

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Daily Commodity Prediction Report 26.04.2018 by TradeIndia Research

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  1. 26/04/2018 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

  2. 26/04/2018 Energy: Crude oil futures tested near one week low amid weakness in equities and strength in US dollar. However, good buying emerged thereafter and the counter currently trades at $68.44 per barrel, up half a percent on the day. MCX Crude oil futures closed at Rs 4554 per barrel, up half a percent on the day. Weak Rupee is also turning a key factor for local crude futures. Base Metals: Choppy moves continued for COMEX Copper as not much of buying is emerging after a recent correction. The metal is off 0.16% at $3.12 per pound. MCX Copper closed at Rs 463 per kg off its highs above Rs 460 levels. Equities are trading in a muted manner this week and traders are also looking at strength in US dollar. Buying seems to have been limited after large metals speculators increased their bullish net positions in the copper futures markets last week. Bullions:MCX Gold stayed supported even as the global Gold futures slipped to a three week low as a weak movement in the Indian Rupee supported the local prices. The INR fell near 66.75 mark against the US dollar - its fresh 13 month low following a drop in domestic equities and overseas. COMEX Gold slipped near one month low around $1320 per ounce while MCX Gold futures closed flat at Rs 31386 per 10 grams. firm US dollar 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

  3. 26/04/2018 TECHNICAL ANALYST GOLD GOLD OUTLOOK: TREND: - UP TECHNICAL OUTLOOK TECHNICAL OUTLOOK RESISTANCE: - 31450, 31550 SUPPORT: - 31250, 31150 STRATEGY: - BUY ON LOW. Gold daily chart has formed “Rising channel” patterns. The last consolidated retesting near a key support holding at 31200 inside the channel. The market is expected to continue in bullish momentum, testing all the way through 31500 31600 levels in the upcoming sessions. Alternatively, if the market support then it might turn bearish. The downside rally could test 31100 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801 resistance holds at 31600.

  4. 26/04/2018 OUTLOOK: SILVER SILVER TREND: - UP RESISTANCE: - 39600, 39800 SUPPORT: - 39200, 39000 STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Silver 4hr chart has formed “Ascending broadening wedge” pattern. The last session ended up retesting near the channel’s support slope line. The market is expected to continue in bearish momentum, testing all the way through 39400-39000 levels in the upcoming sessions. Alternatively, if the market breaks above the key resistance holding at 39650 then it might turn to overall bullish once again. The upside rally could test 39800-40000 levels. Key support holds at 39000. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

  5. 26/04/2018 COPPER COPPER OUTLOOK: TREND: - UP RESISTANCE: - 462.50,465 SUPPORT: -457.50, 455. STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Copper hourly chart has formed “Rising wedge” pattern. The last session ended up retesting the channel’s resistance slope line. The market is expected to continue in bearish momentum, testing all the way through 460-454 levels in the upcoming sessions. Alternatively, the market might also give a chance on giving a correction over positive momentum. The upside rally could test 462-465 levels. Key resistance holds at 465 and support at 454. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

  6. 26/04/2018 CRUDE OIL CRUDE OIL OUTLOOK: TREND: - DOWN RESISTANCE: - 4610, 4640 SUPPORT: - 4550, 4520 STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Crude oil daily chart has formed “Rising wedge” pattern. The last few sessions seems consolidated as the prices have already broken out the channel’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 4600. The upside rally could test all the way through 4650-4700 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 4550-4500 levels. Key support holds at 4500. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

  7. 26/04/2018 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 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

  8. 26/04/2018 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. 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 : 18003157801

  9. 26/04/2018 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

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