Daily Commodity Prediction Report 27.03.2018 by TradeIndia Research

1. 27/03/2018 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

2. 27/03/2018 Market Update (Energy): Crude oil may continue to head higher as Saudi Arabia minister statement about need for extension of production cut next year and falling greenback supported the prices. Crude oil can move higher towards 4280 in MCX. Oil prices rose on Tuesday, pushed up by concerns that tensions in the Middle East could lead to supply disruptions. Hopes that behind- the-scenes talks between the United States and China will prevent a looming trade war between the world's two biggest economies also supported global markets, including crude oil futures. Market Metals): Base metals complex may open in green tracking bounce back in international markets as positive US consumer confidence numbers later today to support the prices. Most base metals prices climbed on Tuesday, lifted by a rebound in equities on hopes that a trade war between top metals consumer China and the United States may be avoided. Copper may witness recovery towards 435 levels. . Three-month copper on the London Metal Exchange rose by 1.3 percent to $6,686 a tonne by 0212 GMT, having closed down 0.9 percent and touched a low of $6,532 on Monday. Market Update (Bullions): Update (Base Bullion counter may continue to remain on firm note on safe haven buying amid trade war tensions but profit booking at higher levels cannot be denied as bounce back in global stock markets can cap the upside. On domestic bourses gold can take support near 30700 in MCX. On the upside gold can test 31100. Gold prices inched lower early Tuesday amid reports of trade negotiations between the United States and China, which eased fears of a trade war and improved investors' appetite for riskier assets. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

3. 27/03/2018 TECHNICAL ANALYST GOLD GOLD OUTLOOK: TREND: - UP RESISTANCE: - 31000, 31100. SUPPORT: - 30800, 30700. STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Gold hourly chart has formed “Rising wedge” pattern. The last session ended up retesting near the channel’s support slope line. The market is expected to continue in bullish momentum, testing all the way through $1356-1360(31000-31100) levels in the upcoming sessions. Alternatively, if the market breaks below the key support holding at $1348(30800) then it might turn bearish. The downside rally could test $1344- 1340(30700-30600) levels. Key resistance holds at $1360(31100). 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

4. 27/03/2018 OUTLOOK: SILVER SILVER TREND: - UP RESISTANCE: - 39200, 39400. SUPPORT: - 38800, 38600. STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Silver hourly chart has formed “Rising wedge” pattern. The last session ended up retesting near the channel’s support slope line. The market is expected to retest a key support level holding at 38900 and turn bullish. The upside rally could test the way through 39100-39400 levels in the upcoming sessions. Alternatively, if the market breaks below the support then it might continue in bearish momentum. The downside rally could test 38700-38500 levels. Resistance holds at 39400. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

5. 27/03/2018 COPPER COPPER OUTLOOK: TREND: - DOWN RESISTANCE: - 435.50,438. SUPPORT: -431.50, 429. STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Copper daily chart has formed “Bearish megaphone chart” pattern. The last few sessions seems bearish in trend and has ended up near a key support level holding near 425. The market is expected to continue in bearish term, testing all the way through 423-420 levels in the upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish. The upside rally could test 430-432.50 levels. Key resistance holds at 432.50. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

6. 27/03/2018 CRUDE OIL CRUDE OIL OUTLOOK: TREND: - DOWN RESISTANCE: - 4290, 4330. SUPPORT: - 4230, 4200. STRATEGY: BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Crude oil hourly 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 bullish momentum, testing all the way through $66.50-67(4304-4336) levels in the upcoming sessions. Alternatively, if the market breaks below the key support holding at $65(4206) then it might turn bearish. The downside rally could test $64.50-64(4174-4141) levels. Key resistance holds at $67(4336). 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

7. 27/03/2018 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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