Weekly Commodity Market Report for 3 Apr-7 Apr 2017 by TradeIndia Research

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2. Gold notched a quarterly gainof ➢ about 8.4 percent on Friday, marking its best quarter in a year, as uncertainty over U.S. President Donald Trump's tax and investment plans and elections in Europe fuelled demand for bullion as a safehaven. • Copper is not far from $6,000 per tonne, which ought to be a respectableenough • price for mining companies to prosper, if history is anything to go by, at least. But the market failed to gather significant steam despite disruptions to production at Freeport-McMoRan’s Grasberg and Cerro Verde operations over the past several weeks. • Indian state refiners will cut oil imports from Iran in 2017/18 by a fifth, as NewDelhi • takes a more assertive stance over an impasse on a giant gas field that it wants awarded to an Indian consortium, sources familiar with the mattersaid. 301, 3rd Floor, Mangal City, Vijay Nagar,Indore

3. TECHNICALANALYSIS GOLD OUTLOOK: GOLD(JUN) SUPPORT:- 28620-28500 RESISTANCE:- 28766-28870 TREND:- BULLISH STRATEGY:- BUY ONDIPS TECHNICALOUTLOOK Technically trend in the Gold Jun contract looks bullish and is likely to continue with the trend for near term. Support is seen at 28620 while resistance is seen at level 29020. Traders may buy above 28850 with the stop loss of 28580 for the target of29170. In Comex, gold has strong resistance at $1261 . This week gold closed below $1248.Major support now at $1226- $1210 and strong resistance at$1261-1274. 301, 3rd Floor, Mangal City, Vijay Nagar,Indore

4. SILVER OUTLOOK: SILVER(MAY) SUPPORT:- 41840-41350 RESISTANCE:- 42630-42930 TREND:- BULLISH STRATEGY:- BUY ONDIPS TECHNICALOUTLOOK Technically trend in the Silver MAY. contract looks very bullish and is likely to continue with the trend for near term. Support is seen at 41650 while resistance is seen at 42630level. Traders may buy above 42400 with the stop loss of 41690 for the target of 43400,MCX Silver MAY Contract, showed upside movement this week and made a weekly high of42440. In Comex silver has a resistance of $18.50 and strong support at $17.80. In COMEX Silver closed18.19. 301, 3rd Floor, Mangal City, Vijay Nagar,Indore

5. COPPER OUTLOOK: COPPER(APR) SUPPORT:- 370-361 RESISTANCE:- 390-398 TREND:- BEARISH STRATEGY:- SELL ONRISE TECHNICALOUTLOOK The trend in mcx Copper APR. contract looks bearish and further down side is expected for near term. Support is seen at 370.00 while resistance is seen at 390.00 level. Traders may sell below 378 with the stop loss of 385.10 for the target of370. 301, 3rd Floor, Mangal City, Vijay Nagar,Indore

6. CRUDEOIL OUTLOOK: CRUDEOIL(APR) SUPPORT:- 3144-3004 RESISTANCE:- 3356-3428 TREND:- BULLISH STRATEGY:- SELL ONRISE TECHNICALOUTLOOK The trend in mcx Crude Oil MAR. Contract looks bullish and further upside is expected for near term but we will see some profit booking on higher side. Support is seen at 3144 while resistance is seen at 3356 level. Traders may sell around 3350. With the stop loss of 3420 for the target of3260. In Nymex Crude Oil has a resistance of $52.10 and strong support at $48.50. In NYMEX Crude Oil closed50.62. 301, 3rd Floor, Mangal City, Vijay Nagar,Indore

7. INTERNATIONAL MARKETUPDATE GOLD 1247.21 USDINR 64.84 EURUSD 1.066 SILVER 18.19 USDJPY 111.32 COPPER 2.64 GBPUSD 1.252 CRUDEOIL 50.62 TECHNICALOUTLOOK 301, 3rd Floor, Mangal City, Vijay Nagar,Indore

8. ECONOMICCALENDAR 301, 3rd Floor, Mangal City, Vijay Nagar,Indore

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