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Daily Commodity Report 24April 2017 By tradeindia Research

Daily equity cash report by tradeindia research.providing Accurate CallS , Tips $ Services<br>

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Daily Commodity Report 24April 2017 By tradeindia Research

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  1. 12/05/2017 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

  2. 12/05/2017 Crude oil futures extend gains for the second straight day on Thursday: Crude oil futures extended their gains for the second straight day, following surprisingly big drop in US crude stockpiles. Though, traders overlooked latest report from OPEC, which boosted estimates for growth in non-OPEC supplies by 64 percent as US shale production rises at a furious pace and another report that output from top exporter Saudi Arabia inched up last month. OPEC and non-member oil producers are considering extending a global supply cut for nine months or more to give the market more time to rebalance Now traders will keep a close eye on U.S. rig count figures from Baker Hughes. Copper futures end higher on Thursday: Comex copper futures ended higher on Thursday, while London copper prices too rose as funds cut bearish bets, but the sustainability of gains will depend on industrial activity and investment data from top consumer China next week. Gold futures end higher on Thursday: Gold futures ended higher on Thursday as US and European stock markets retreated, though it pared gains after data showing a tightening jobs market and accelerating inflation briefly lifted the dollar and pulled US bond yields from earlier lows. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

  3. 12/05/2017 TECHNICAL ANALYST GOLD GOLD OUTLOOK: TREND: - DOWN RESISTANCE: - 28100, 28200. SUPPORT: - 27900, 27800. STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK TECHNICAL OUTLOOK The prices of MCX Gold were down 0.03% to end at Rs 27987 per 10 grams. The refined Gold tested levels of Rs 28093 per 10 grams during the day on higher side. On the other hand, Rs 27932 per 10 grams was noted as the lows in the session. Gold is expected to decline further towards Rs 27800 if it breaches Rs 28950 per 10 grams. On the other hand, resistances of Rs 28550 per 10 grams are expected in Gold prices. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

  4. 12/05/2017 OUTLOOK: SILVER SILVER TREND: - DOWN RESISTANCE: - 38300, 38400. SUPPORT: - 38000, 37800. STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK TECHNICAL OUTLOOK The Prices of silver were down after making high like a previous day but the prices of silver have no change as compare to previous day price still it is in consolidation phase and at end of the day the prices were settled at 37992.On the higher side Rs 38225 per 30 kilogram as resistances were noted while lows were at Rs 37861 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. 12/05/2017 COPPER COPPER OUTLOOK: TREND: - DOWN RESISTANCE: - 362,364.50. SUPPORT: -357, 354.50. STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Copper was back on track in the session ending Thursday. There was a respite from the selling pressure in Copper. The prices have been up more than 0.29% in single session of trades. Copper ended at Rs 359 per kg. The prices tested a high of Rs 365 per kg and a low of Rs 358 per kg. The resistance for Copper is at Rs 368 while supports are active at Rs 352 per kg. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

  6. 12/05/2017 CRUDE OIL CRUDE OIL OUTLOOK: TREND: - DOWN RESISTANCE: - 3100, 3130 SUPPORT: - 2950, 2920 STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Crude Oil was up 0.23% and ended at Rs 3090 per barrel. The prices gained by Rs 7 per barrel. The prices tested a high of Rs 3112 per barrel and a low of Rs 3067 per barrel. The prices are resisted at Rs 3180 and Rs 3220 per barrel. Meanwhile, supports for Crude Oil is at Rs 3050 per barrel. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

  7. 12/05/2017 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. 12/05/2017 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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