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01/03/2018 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900
01/03/2018 Market Update (Energy): Crude oil may remain sideways as it can move in range of 4060-4130. U.S. crude oil production shattered a 47- year output record in November and retreated slightly in December, the U.S. Energy Department said on Wednesday, as oil production from shale continued to upend global supply patterns. Oil output rose to 10.057 million barrels per day (bpd) in November, a revision from earlier estimates, the EIA said. December production fell 108,000 bpd to 9.949 million bpd, it said. Market Metals): Growth in China's manufacturing sector unexpectedly picked up to a six-month high in February as factories rushed to replenish inventories to meet rising new orders, a private survey showed on Thursday. Shanghai copper prices fell for a fourth day on Thursday to touch their lowest level in more than two weeks, pushed down as the dollar strengthened and global stock markets declined. Market Update (Bullions): Update (Base Gold prices dipped on Thursday, pulled down as the dollar remained strong following comments from Federal Reserve Chairman Jerome Powell that fanned concerns of faster-than-expected hikes in U.S. interest rates. The U.S. currency, which in February recorded its best monthly performance since November 2016, has been bolstered by Powell's hawkish stance on the U.S. economy that fuelled expectations of interest rates being raised four times this year rather than three. U.S. economic growth slowed slightly more than initially thought in the fourth quarter after the strongest pace of consumer spending in three years depleted inventories and drew in imports as businesses struggled to produce enough goods and services. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900
01/03/2018 TECHNICAL ANALYST GOLD GOLD OUTLOOK: TREND: - DOWN RESISTANCE: - 30350, 30450. SUPPORT: - 30150, 30050. STRATEGY: - SELL ON HGIH. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Gold daily chart has formed "Symmetrical triangle” pattern. The last session seems bearish in trend as the prices have broken out the channel’s support slope line. The market is expected to continue in bearish momentum, once the same breaks below a key support at $1315(30315). The downside rally could test all the way through $1300- 1290(29940-29690) levels in upcoming weeks. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test $1325-1335(30565-30815) levels. Resistance holds at $1335(30815). 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900
01/03/2018 OUTLOOK: SILVER SILVER TREND: - DOWN RESISTANCE: - 38300, 38500. SUPPORT: - 37900, 37700. STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Silver daily chart has formed "Falling channel” pattern. The last session ended up retesting the channel’s resistance slope line. The market is expected to continue in bearish momentum along with a small correction over positive trend. The downside rally could test all the way through 38400-38000 levels in the upcoming sessions. Alternatively, if the market breaks above the resistance level holding at 39100, then it might turn bullish once again. The upside rally could test 39500-40000 levels. Support holds at 38000. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900
01/03/2018 COPPER COPPER OUTLOOK: TREND: - DOWN RESISTANCE: - 456.50,459. SUPPORT: -452.50, 450. STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Copper hourly chart has formed "Falling wedge” pattern. The last session ended up retesting the channel’s support slope line. The market is expected to continue in bullish momentum for a while to retest the key resistance holding at 455 and then turn bearish. The downside rally could test all the way through 453-450 levels in the upcoming sessions. Alternatively, if the market breaks above the resistance level, then it might turn bullish once again. Support holds at 450. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900
01/03/2018 CRUDE OIL CRUDE OIL OUTLOOK: TREND: - DOWN RESISTANCE: - 4060, 4090. SUPPORT: - 4000, 3970. STRATEGY: BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Crude Oil 4hr chart has formed "Rising wedge” pattern. The last session ended up bearish in trend as the prices have broken out the channel’s support slope line. The market is expected to continue in bearish momentum along with a small correction over positive momentum. The downside rally could test all the way through $61-60(3976-3911) levels in upcoming weeks. Alternatively, if the market breaks above the previous support which is now act as resistance at $62.50(4074), then it might turn bullish. Support holds at $60(3911). 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900
01/03/2018 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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