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Daily Commodity Research Report By TradeIndia Research.

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Daily Commodity Research Report By TradeIndia Research.

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  1. 19/05/2017 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

  2. 19/05/2017 Crude oil futures move higher on optimism of OPEC reaching an agreement: Crude oil futures extended their gains on Thursday as calm returned to Wall Street following yesterday's panic over political turbulence. Also remained optimistic that OPEC would reach an agreement to extend the current supply-cut deal beyond June at its meeting next week. OPEC would seek an extension of the current deal to cut global production offsetting concerns over the rising level of US shale production. Though, despite the high level of compliance from OPEC members with the deal to rein in supply, global production remains above the five-year average. investors Copper Charges Ahead of Weekend: The prices of copper gained with high volatility seen in the volumes. Copper showed 0.33% in the session gone by. At the time of closing Copper was at Rs 364.35 per kg. WBMS came up with latest report on metals. The copper market recorded a surplus of 148 kt in January to March 2017 which follows a surplus of 199 kt in the whole of 2016. Reported stocks rose during March and closed 193 kt higher than at the end of December 2016. World mine production in January to March 2017 was 4.97 million tonnes which was 2.2 per cent higher than in the same period in 2016. Gold futures end lower on Thursday: Gold futures ended lower on Thursday as a bounce in the dollar prompted some buyers to cash in gains after its biggest one-day rally in nearly a year, though uncertainty over the outlook for the Trump presidency underpinned the metal near two-week highs. TECHNICAL ANALYST 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

  3. 19/05/2017 TECHNICAL OUTLOOK TECHNICAL OUTLOOK The prices of Refined Gold gained ground with session ending at Rs 28668 per 10 grams. The metal tested a high of Rs 29004 per 10 grams and a low of Rs 28567 per 10 grams. Resistance for Gold is at Rs 29200 and 29250 per 10 grams. Meanwhile, supports for Gold is at Rs 28700 per 10 grams. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

  4. 19/05/2017 OUTLOOK: SILVER SILVER TREND: - UP RESISTANCE: - 39000, 39200. SUPPORT: - 38700, 38550. STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK The Prices of silver were UP yesterday but due to unable to break resistance of 39375 as stated below the prices of silver were made new low of Rs 38541 per 30 kilogram, At end of the day the prices were settled at 38889.On the higher side Rs 39375 per 30 kilogram as resistances were noted while lows were at Rs 38541 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. 19/05/2017 COPPER COPPER OUTLOOK: TREND: - UP RESISTANCE: - 368,371.50. SUPPORT: -362.50, 360. STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK The prices of copper was sideways with limited volatility seen in the volumes. Copper showed 0.33% in the session gone by. At the time of closing Copper was at Rs 364.35 per kg. On the higher side, Rs 367 per kg was noted while on the lower side, Rs 355 per kg was tested. Resistance for Copper is at Rs 368 and 374 and per kg. Supports of Rs 360 and 356 per kg is active. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

  6. 19/05/2017 CRUDE OIL CRUDE OIL OUTLOOK: TREND: - UP RESISTANCE: - 3260, 3290 SUPPORT: - 3200, 3170 STRATEGY: - BUY ON LOW. TECHNICAL TECHNICAL OUTLOOK OUTLOOK Technical Crude Oil was up by 1.52% on the session ending 18 May 2017. On the higher side Rs 3224 per barrel was tested. On the lower side Rs 3118 per kg was noted. Crude Oil closed at Rs 3204 per barrel. Resistance for Crude Oil is at Rs 3270 and 3300 per barrel. Supports for Crude Oil is at Rs 3100 per barrel. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

  7. 19/05/2017 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. All Rights Reserved. Investment in Commodity and equity market has its own risks. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

  8. 19/05/2017 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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