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09/03/2018 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900
09/03/2018 Market Update (Energy): Crude oil may remain subdued as it can test in 3910 MCX. Crude oil futures rose on Friday as Asian stock markets gained on news that North Korean leader Kim Jong Un will meet with U.S. President Donald Trump. The two will likely meet by May and Kim has pledged to refrain from further nuclear or missile tests, South Korea's national security chief said late on Thursday after briefing White House officials on talks between Seoul and Pyongyang. Market Update (Base Metals): Base metals complex may open in red as slower loan growth in China and fear of trade war due to US tariff measures. London copper was facing its third weekly loss on Friday as demand ramps up only slowly following Lunar New Year holidays in China last month, with investors focusing on escalating tensions over U.S. steel and aluminium import tariffs. Market Update (Bullions): Gold prices extended losses into a third session on Friday as the dollar strengthened against the yen on hopes of easing tensions between the United States and North Korea and ahead of U.S. non-farm payroll data later in the day. President Donald Trump said on Thursday he was prepared to meet North Korean leader Kim Jong Un for the first U.S.-North Korea summit, marking a potentially dramatic breakthrough in nuclear tensions with Pyongyang. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900
09/03/2018 TECHNICAL ANALYST GOLD GOLD OUTLOOK: TREND: - UP RESISTANCE: - 30450, 30550. SUPPORT: - 30250, 30150. STRATEGY: - SELL ON HGIH. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Gold daily chart has formed "Falling wedge” pattern. The last few sessions been bearish in trend after retesting the channel’s resistance slope line. The market is expected to continue in bearish trend, once the same breaks below a key support holding at $1315(30285). The downside rally could test all the way through $1310-1300(30160- 29910) levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test $1325- 1330(30535-30660) levels. Resistance holds at $1330(30660). 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900
09/03/2018 OUTLOOK: SILVER SILVER TREND: - UP RESISTANCE: - 38850, 39050. SUPPORT: - 38450, 38250. STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Silver daily chart has formed "Symmetrical triangle” pattern. The last few sessions seems consolidated after retesting channel’s resistance slope line. The market is expected to continue in bearish momentum, once the same breaks below a key support holding at 38650. The downside rally could test all the way through 38500-38350 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 38800-39000 levels. Key Resistance holds at 39000. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900
09/03/2018 COPPER COPPER OUTLOOK: TREND: - DOWN RESISTANCE: - 446.50,449. SUPPORT: -441.50, 438. STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Copper 4-hour chart has formed "Falling channel” pattern. The last few sessions been bearish in trend after retesting the channel’s resistance slope line. The market is expected to continue in bearish momentum, once the same breaks below a key support level holding at 444. The downside rally could test all the way through 442-440 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test 448-450 levels. Key Resistance holds at 450. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900
09/03/2018 CRUDE OIL CRUDE OIL OUTLOOK: TREND: - DOWN RESISTANCE: - 3960, 3990. SUPPORT: - 3900, 3870. STRATEGY: SELL ON HIGH. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Crude oil 4-hour chart has formed "Head & Shoulders” pattern. The last session ended up near the neckline support of the pattern holding near $60(3906). The market is expected to continue in bearish momentum, once the same breaks below the neckline support. The downside rally could test all the way through $59-58(3840-3775) levels in the upcoming sessions. Alternatively, if the neckline support holds strong then the market might retest the same and turn bullish. Resistance holds at $63(4100). 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900
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