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RIPPLES-COMMODITY-DAILY-REPORT-MAY-02-2017

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RIPPLES-COMMODITY-DAILY-REPORT-MAY-02-2017

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  1. BULLIONS WEEKLY TECHNICAL LEVELS Daily Commodity News letter 2ND May 2017 Tracking Market Commodity News MAY 2/2017 Close AbsChange Energy Oil slips 1 percent as rising output faces weak demand worries Oil slipped more than 1 percent on Monday, as rising crude output with Libya hitting its highest production since 2014 and increased U.S. drilling countered OPEC-led production cuts aimed at clearing a supply glut. Bullions Gold up in Asia on risk Gold gained on heighted risk connected to the Korean peninsula.Comex gold futures rose 0.22% to $1,258.20 a troy ounce, while copepr slipped 1.28% to $2.627 a pound after manufacturing data from China. Currency Dollar higher amid thin trading volumes The dollar traded higher against a basket of major currencies on Monday, despite the release of downbeat economic data while bullish comments from U.S. Treasury Secretary Steven Mnuchinhad little impact on the greenback. Base Metals Firmer copper prices pull most metals higher Copper futures rose sharply on Tuesday as investors returned from a three-day weekend in most of Asia with a renewed appetite for industrial commodities. Agri Commodity Bearish sentiment in soya Bearish sentiment in soy oil continued on slack physical demand with soy refined today being quoted at Rs 613-15 ( 622-25 last week). Soy solvent traded lower at Rs. ?580-85 (down 10 from last week). Guntur chilli market crisis continues Crisis continues at the chilli market yard in Guntur, the largest in the State and the country, as a huge number of bags of chilli have piled up at the market yard which remained closed since Saturday. The market will reopen on Wednesday. GOLD 28653 -220 SILVER 38685 -818 CRUDE OIL 3142 -32 NATURAL GAS 206.60 -5.50 COPPER 380.55 +7.80 NICKEL 617.60 +7.20 LEAD 146.55 +1.45 ZINC 170.90 +1.90 ALUMINIUM 123.80 +0.60 $ / Re. 64.25 0.00 Light Sweet Crude Oil 48.74 -0.45 Gold $ / OZ- 1257.40 -12.10 Silver $ / OZ- 16.87 -0.35 Call @ +91-9039089381 Email : info@ripplesadvisory.com

  2. BULLIONS WEEKLY TECHNICAL LEVELS PIVOT TABLES SCRIP S2 S1 R1 R2 STRATEGY BUY ON DIPS GOLD 28470 28561 28819 28986 BUY ON DIPS SILVER 38689 38971 39775 40267 SELL ON RISE CRUDE OIL 3108 3125 3166 3190 SELL ON RISE NATURALGAS 201.50 204.10 211.20 215.90 BUY ON DIPS COPPER 365.65 373.10 386.30 392.45 BUY ON DIPS NICKEL 606.90 312.60 621.50 624.50 BUY ON DIPS LEAD 143.70 145.20 147.40 148.40 BUY ON DIPS ZINC 167.50 169.20 171.90 172.90 BUY ON DIPS ALUMINIUM 122.40 123.10 124.25 124.70 Call @ +91-9039089381 Email : info@ripplesadvisory.com

  3. BULLIONS WEEKLY TECHNICAL LEVELS CALL OF THE DAY BUY ZINC ABOVE 171.60 TGT 173/175.50 SL BELOW 169.50 Call @ +91-9039089381 Email : info@ripplesadvisory.com

  4. BULLIONS WEEKLY TECHNICAL LEVELS 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. Entering our site means that you have read, understood and agreed to everything that is written and implied in this disclaimer note. RESEARCH is published solely for informational purposes and must in no way be construed as investment advice for a specific individual. The information and views in this web-site & all the services 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. Investment in equity shares, futures, options and commodities has its own risks. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and on sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred due to it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above. Call @ +91-9039089381 Email : info@ripplesadvisory.com

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