1 / 8

Daily Commodity Report 05.02.2019

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.

Parulsoni
Download Presentation

Daily Commodity Report 05.02.2019

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. 5/2/2018 2019 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

  2. 5/2/2018 Energy:-Crude oil may trade higher as U.S. oil prices inched up on Tuesday, buoyed by expectations of tightening global supply amid U.S. sanctions on Venezuela and production cuts led by OPEC. The sanctions will sharply limit oil transactions between Venezuela and other countries and are similar to but slightly less extensive than those imposed on Iran last year, experts said on Friday after looking at details posted by the Treasury Department. Crude oil can test 3860 levels while facing resistance near 4020. Base Metal:- Base metals prices may trade with positive bias. Copper may face resistance near 448 while taking support near 440 in MCX. Copper rose for a second session as expectations of a trade agreement between Washington and Beijing underpinned the market. Copper production reached 1.45 million tonnes in 2018, 11% higher than 2017, and Glencore expects that number to jump by about 45% this year to 1.54 million tonnes. Zinc can move sideways to positive path as it can test 204. Bullions:- Bullion counter may witness some profit booking at higher levels as gold prices on Tuesday held near one-week lows touched in the previous session, pressured by a firmer dollar and as investor appetite for riskier assets picked up in the wake of strong U.S. economic data. U.S. job growth surged in January, with employers hiring the most workers in 11 months, pointing to underlying strength in the economy despite an uncertain outlook. Gold (Apr) can face resistance near 33600 while taking support near 33200. Silver can face resistance near 40800 taking support near 40200. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

  3. 5/2/2018 TECHNICAL ANALYST GOLD GOLD OUTLOOK: TREND: - UP RESISTANCE: - 33500, 33600 SUPPORT: - 33400, 33300 STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK TECHNICAL OUTLOOK MCX Gold April futures technical chart has taken the formation of “Ascending broadening wedge” pattern in daily time frame. Last session ended up bearish in trend after few positive rallies inside the channel, where the market is expected to continue on bearish momentum. The negative rally could be extending all the way up to 33300- 33200 levels in the upcoming sessions. An alternative scenario indicates that if the market breaks above a key resistance holding at 33600 then it might revise the trend to bullish once again. The upside rally could test up to 33700-33800 levels. Key support holds at 33200. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

  4. 5/2/2018 OUTLOOK: SILVER SILVER TREND: - DOWN RESISTANCE: - 40900, 41100 SUPPORT: - 40500, 40300 STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK TECHNICAL OUTLOOK MCX Silver March futures technical chart has taken the formation of “Megaphone chart” pattern in daily time frame. Last few sessions ended up bullish in trend along with some corrections inside the channel, where the market is expected to continue on the bullish trend. The continuation of the trend will be confirmed once the prices breaks above a key resistance holding at 40700. The positive rally could be extending all the way up to 40850-41000 levels in the upcoming sessions. An alternative scenario indicates that if the key resistance holds strong then the market might retest the same and revise the trend to bearish once again. The downside rally could test up to 40400-40200 levels. Key support holds at 40200. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

  5. 5/2/2018 COPPER COPPER OUTLOOK: TREND: - DOWN RESISTANCE: - 449.50,453. SUPPORT: -443.50, 440. STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Copper daily chart has formed “Descending broadening wedge” pattern. The last few sessions been in bullish trend along with some consolidations inside the channel. The market is expected to continue on bullish momentum based on the current price action, once the same breaks above a key resistance holding at 446. The upside rally could be testing all the way through 450-454 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test up to 440-435 levels. Key support holds at 435. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

  6. 5/2/2018 CRUDE OIL CRUDE OIL OUTLOOK: TREND: - DOWN RESISTANCE: - 3980, 4010. SUPPORT: - 3920, 3880. STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK TECHNICAL OUTLOOK MCX Crude Oil futures technical chart has taken the formation of “Right angled Ascending broadening wedge” pattern in daily time frame. Previously few sessions ended up in bullish trend along with some corrections inside the channel. As per the technical aspects based on the current price action, the market is expected to continue on bullish trend. The continuation of the trend will be confirmed once the prices breaks above a key resistance zone holding at 4000. The positive rally could be testing all the way up to 4100-4200 levels in the upcoming sessions. An alternative scenario indicates that if the key resistance holds strong then the market might have a chance to retest the same and revise the trend to bearish once again. Such reversal could possibly test up to 3700 levels. Key support holds at 3700.. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

  7. 5/2/2018 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. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

  8. 5/2/2018 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. Visit our Stock Market Blog for latest News and Updates @ https://sharemarkettipsinhindi.blogspot.com 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

More Related