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Commodity Daily Research Report

Commodity Daily Research Report By TradeIndia Research Providing Accurate tips

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Commodity Daily Research Report

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  1. 09/05/2017 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

  2. 09/05/2017 Crude oil futures move higher on hopes of extension in supply-cut agreement: Crude oil futures moved higher on Monday, after Russia and Saudi Arabia supported the idea of extending the supply-cut agreement into 2018 to drain the glut in supply. Russian energy Minister Alexander Novak said on Monday, that a production cut extension for a longer period will help “speed up” market rebalancing. OPEC is expected to decide at talks on May 25 whether to extend the current deal to cut production for additional six-months to the end of the year. Also, there were reports that Saudi oil export loadings fell by more than 670,000 barrels a day in April prompted some buying interest by mid- day. Copper futures end lower on weak Chinese data: Copper futures ended lower on Monday after another set of weak Chinese data raised doubts about demand from the world’s largest copper consumer. China's April copper imports fell 30 percent month on month to 300,000 tonnes, data from the General Administration of Customs showed, and were down by a third from a year ago as a subdued outlook for industrial activity weighed on demand. Gold futures end higher on Monday: Gold futures ended higher on Monday despite the firmer US dollar kept the price move in check as global markets digested Sunday’s French election. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

  3. 09/05/2017 TECHNICAL ANALYST GOLD GOLD OUTLOOK: TREND: - DOWN RESISTANCE: - 28250, 28400 SUPPORT: - 28000, 27900 STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Refined Gold prices gave up strength and were unchanged to end the trades at Rs 28072 per 10 grams. Transaction volumes picked up and there has been decrease of short positions. The prices of Gold tested a high of Rs 28237 per 10 grams and a low of Rs 28071 per 10 grams was noted. Further extension of losses will take Gold towards Rs 27700 and 27500 per 10 grams. On the lower side, Rs 27900 per 10 grams will be support levels. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

  4. 09/05/2017 OUTLOOK: SILVER SILVER TREND: - DOWN RESISTANCE: - 38350, 38550 SUPPORT: - 38000, 37800 STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK TECHNICAL OUTLOOK The Prices of silver were partial down and moving around between 200 points and still it was in consolidation phase. And at end of the day it was settled on 38011. On the higher side Rs 38287 per 30 kilogram as resistances were noted while lows were at Rs 37926 per 30 kilograms as support noted. The metals remain under a volatile zone. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

  5. 09/05/2017 COPPER COPPER OUTLOOK: TREND: - DOWN RESISTANCE: - 358.50,361 SUPPORT: -353.50, 350 STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK TECHNICAL OUTLOOK The prices of MCX Copper declined sharply in a single session on 8 May 2017. The tormenting by bears halted Copper and the prices have now breached all important Rs 360 per kg levels and have been able to set Rs 350 per kg as next benchmark support. From here the declines can take metal towards Rs 352 and 350 per kg. Copper settled at Rs 356.95 per kg. The session on Tuesday can see Copper in range of Rs 350-365 per kg. On the higher side Rs 360 and 365 per kg will be active supports. Copper tested a high of Rs 358.90 per kg was noted on 8 May 2017 while on the lower side Rs 353.85 per kg was tested. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

  6. 09/05/2017 CRUDE OIL CRUDE OIL OUTLOOK: TREND: - DOWN RESISTANCE: - 3030, 3060 SUPPORT: - 2970, 2940 STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK TECHNICAL OUTLOOK The prices of Crude Oil were static in the trades on Monday. The session saw settlement of benchmark Crude Oil at Rs 2980 per barrel, up 11 point. On the higher side, Rs 3015 per barrel was tested while on lower side Rs 2848 per barrel. The prices of Crude Oil are resisted at Rs 3050 per barrel. On the lower side, Rs 2745 per barrel are the supports. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

  7. 09/05/2017 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. 09/05/2017 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. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

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