Daily Commodity Prediction Report 27.04.2018 by TradeIndia Research

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2. 27/04/2018 Energy: Crude oil may open in red tracking profit booking in international markets as prices may slip lower towards 4500 in MCX. Oil prices edged lower on Friday, but Brent largely held gains from the previous session amid concerns that Iran may face renewed sanctions, choking off supply. Markets continued to price in potential disruptions to world oil supplies if the United States withdraws from the 2015 Nuclear Accord with Iran. Base Metals: The metal is trading lower for a fifth session out of seven and has lost 8.2 percent so far this week, putting it on course for its biggest weekly drop since the week ended Aug. 5, 2011.Chile's Escondida, the world's largest copper mine, said on Thursday that early contract talks with its workers' union ended without an agreement, setting the stage for legally scheduled negotiations to begin in June. Bullions:Gold prices languished near five- week lows on Friday, set for a weekly decline of more than 1 percent on a stronger dollar, higher U.S. Treasury yields and easing geopolitical concerns. The dollar index. was steady near a 3-1/2 month peak hit on Thursday, supported by strong U.S. economic data and the U.S. 10- year bond yield, which earlier this week hit its highest level since early 2014. European Central Bank chief Mario Draghi played down concerns over softness in the euro zone economy on Thursday as the ECB sought to bolster expectations for a gradual withdrawal of the ECB's monetary stimulus. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

3. 27/04/2018 TECHNICAL ANALYST GOLD GOLD OUTLOOK: TREND: - UP TECHNICAL OUTLOOK TECHNICAL OUTLOOK RESISTANCE: - 31250, 31350 SUPPORT: - 31050, 30950 STRATEGY: - BUY ON LOW. Gold daily chart has formed “Rising channel” patterns. The last few sessions seems consolidated retesting near a key support holding at 31000 inside the channel. The market is expected to continue in bullish momentum, but before testing all the way through 31100-31000 on support level in the upcoming sessions. Alternatively, if the market breaks below the key support at 31000 then it might turn bearish. The downside 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801 rally could test 30900-30750 levels. Key resistance holds at 31500.

4. 27/04/2018 OUTLOOK: SILVER SILVER TREND: - UP RESISTANCE: - 39400, 39600 SUPPORT: - 39000, 38800 STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Silver Daily chart has formed “Rising Channel Pattern” The last session ended down retesting the channel’s support slope line 38500. The market is expected to continue in bearish momentum towards reach 39000, testing all the way through 38750-38500 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 39650 levels. Key resistance holds at 39600 and support at 39000. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

5. 27/04/2018 COPPER COPPER OUTLOOK: TREND: - UP RESISTANCE: - 459.50,462 SUPPORT: -455.50, 453. STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Copper 4 hour chart has formed “Rising Channel Pattern” The last session ended up retesting the channel’s support slope line 455. The market is expected to continue in pullback to touch 462-463, again 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. 27/04/2018 CRUDE OIL CRUDE OIL OUTLOOK: TREND: - DOWN RESISTANCE: - 4580, 4610 SUPPORT: - 4520, 4490 STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Crude oil hourly chart has formed “Rising wedge” pattern. The last few sessions ended up bullish in trend near the channel’s support slope line. The market is expected to continue in bullish momentum, once the same breaks below the key support line 4530 then selling pressure extended towards 4500. The upside rally could test all the way through 4580- 4650 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

7. 27/04/2018 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

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