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Daily commodity report by tradeindia research.

Daily commodity report by tradeindia research.providing Accurate CallS , Tips $ Services.

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Daily commodity report by tradeindia research.

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  1. 17/05/2017 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

  2. 17/05/2017 Crude oil futures surge to three weeks high on Wednesday: Crude oil futures surged on Wednesday to hit three weeks high after the U.S. Energy Information Administration data confirmed a surprising drop in U.S. oil stockpiles. As per EIA domestic crude supplies fell by 1.8 million barrels for the week ended May 12. That's the sixth straight weekly decline. Meanwhile, gasoline inventories dropped by only 0.413 million, while distillate stockpiles fell by 1.94 million barrels. A report from the International Energy Agency (IEA), however, warned that OPEC’s effort to rein in the glut in supply may fail even if the oil group agrees to extend its supply-cut agreement. Copper futures trade lower on muted demand: Copper futures traded lower on MCX as participants cut short their positions amid muted demand from consuming industries at the domestic spot markets. Moreover, weak trend in base metals at the London Market Exchange (LME) too fuelled the downtrend. Gold futures end higher on Wednesday: Gold futures ended higher on Wednesday as political turmoil in the United States reduced expectations of aggressive interest rate rise this year, pushing down US bond yields and drove the dollar to its lowest in six months. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

  3. 17/05/2017 TECHNICAL ANALYST GOLD GOLD OUTLOOK: TREND: - UP RESISTANCE: - 28850, 28950. SUPPORT: - 28600, 28500. STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK The prices of Refined Gold gained ground with session ending at Rs 28625 per 10 grams. The metal tested a high of Rs 28645 per 10 grams and a low of Rs 28150 per 10 grams. Resistance for Gold is at Rs 28800 and 28900 per 10 grams. Meanwhile, supports for Gold is at Rs 28200 per 10 grams. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

  4. 17/05/2017 OUTLOOK: SILVER SILVER TREND: - UP RESISTANCE: - 39300, 39450. SUPPORT: - 39000, 38850. STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK The Prices of silver were UP after making high of 38884 per 30 kilogram and braking resistance of 38884 its move toward 39500 per 30 kilogram prices of silver, At end of the day the prices were settled at 39199.On the higher side Rs 39375 per 30 kilogram as resistances were noted while lows were at Rs 38909 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. 17/05/2017 COPPER COPPER OUTLOOK: TREND: - DOWN RESISTANCE: - 363.50,366. SUPPORT: -358.50, 356. STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK TECHNICAL OUTLOOK The prices of copper was sideways with limited volatility seen in the volumes. Copper showed 0.14% in the session gone by. At the time of closing Copper was at Rs 362.95 per kg. On the higher side, Rs 364 per kg was noted while on the lower side, Rs 360.1 per kg was tested. Resistance for Copper is at Rs 365- 369 per kg. Supports of Rs 358 and 356 per kg is active. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

  6. 17/05/2017 CRUDE OIL CRUDE OIL OUTLOOK: TREND: - DOWN RESISTANCE: - 3180, 3210 SUPPORT: - 3120, 3090 STRATEGY: - SELL ON HIGH. TECHNICAL TECHNICAL OUTLOOK OUTLOOK Technical Crude Oil was up by 1.15% on the session ending 17 May 2017. On the higher side Rs 3174 per barrel was tested. On the lower side Rs 3088 per kg was noted. Crude Oil closed at Rs 3159 per barrel. Resistance for Crude Oil is at Rs 3250 and 3300 per barrel. Supports for Crude Oil is at Rs 3060 per barrel. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

  7. 17/05/2017 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. 17/05/2017 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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