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06/04/2017
301, 3rd
Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801
06/04/2017
301, 3rd
Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801
Crude oil futures manage a positive close despite coming
off the day’s high:
Crude oil futures though managed a positive close on
Wednesday but came sharply lower from the day’s
high after a surprising build in U.S. oil inventories. A
stronger dollar also weighed on commodities prices,
as traders reacted to a very strong ADP private sector
jobs report. Meanwhile, the Energy Information
Administration (EIA) said inventories rose by 1.6
million barrels. Gasoline inventories fell by around
0.618 million barrels, while distillate stockpiles fell by
0.536 million barrels. The surprise build in U.S. crude
stockpiles confounded expectations that U.S. demand
for oil would start to pick up ahead of the ‘summer
driving season.
Copper futures trade higher on
MCX:
Copper futures traded higher on MCX as speculators
raised their bets amid firming trend overseas and
rising demand at the spot market.
The contract for April delivery was trading at Rs
381.20, up by 1.21% or Rs 4.55 from its previous
closing of Rs 376.65. The open interest of the
contract stood at 15219 lots.
Gold futures edged down on
MCX:
Gold futures edged down on MCX as focus is
turning towards the release later in the day of
the minutes from the Federal Reserve's March
meeting, with investors looking for any clues on
the pace of further US interest rate rises.
06/04/2017
301, 3rd
Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801
TECHNICAL ANALYST
OUTLOOK:
TREND: - UP
RESISTANCE: - 29050, 29150
SUPPORT: - 28850, 28750
STRATEGY: - BUY ON LOW
GOLD
TECHNICAL OUTLOO
The price of Refined Gold was declined by 0.67%. The metal ended the day a
high of Rs 29040 per 10 grams while a low of Rs 28731 per 10 grams was no
Gold towards Rs 29050 per 10 grams. On the lower side, Rs 28500 per 10 gra
06/04/2017
301, 3rd
Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801
SILVER
OUTLOOK:
TREND: - UP
RESISTANCE: - 42500, 42700
SUPPORT: - 42200, 42050
STRATEGY: - BUY ON LOW
TECHNICAL OUTLOOK
The silver price was consolidating between 42400-41900 price range last few days, and after breaking its resistance
made a new resistance of 42518 per 30 kilogram, ended up at 42258. It tested a high of Rs 42518 per 30 kilogram
and low of Rs 42175 per 30 kilogram. The prices of silver are expected to remain vibrant in today's trades and
probably up further towards Rs 42800 per 30 kilogram. On the higher side, Rs 42450 per 30 kilogram are noted
immediate resistances.
06/04/2017
301, 3rd
Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801
COPPER
OUTLOOK:
TREND: - UP
RESISTANCE: - 386.50,388
SUPPORT: -381.50, 379
STRATEGY: - BUY ON LOW.
TECHNICAL OUTLOOK
The prices of MCX Copper were jumped by more than 2.52% to reach Rs 386.15 per kg. The metal tested a high of
Rs 387 per kg and a low of Rs 378 per kg. Copper is expected to face resistance of Rs 390 and 392 per kg. On the
lower side Rs 375 and 372 per kg are the noted supports.
06/04/2017
301, 3rd
Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801
CRUDE OIL
OUTLOOK:
TREND: - DOWN
RESISTANCE: - 3340, 3465
SUPPORT: - 3295, 3270
STRATEGY: - SELL ON HIGH.
TECHNICAL OUTLOOK
The prices of MCX Crude Oil gained marginally by 0.30% to end the day at Rs 3335 per barrel. On the higher side, Rs
3374 per barrel was tested while on the lower side Rs 3314 per barrel was noted. The resistance for Crude Oil is at
Rs 3400 and 3450 per barrel. Supports for Crude Oil are at Rs 3300 per barrel.
06/04/2017
301, 3rd
Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801
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
DISCLAIMER
06/04/2017
301, 3rd
Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801
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.
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
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or share our calls or SMS or Report or Any Information Provided by us to/with
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06/04/2017
301, 3rd
Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801

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Commodity Daily Research Report for 06th April 2017 By TradeIndia Research

  • 1. 06/04/2017 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801
  • 2. 06/04/2017 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801 Crude oil futures manage a positive close despite coming off the day’s high: Crude oil futures though managed a positive close on Wednesday but came sharply lower from the day’s high after a surprising build in U.S. oil inventories. A stronger dollar also weighed on commodities prices, as traders reacted to a very strong ADP private sector jobs report. Meanwhile, the Energy Information Administration (EIA) said inventories rose by 1.6 million barrels. Gasoline inventories fell by around 0.618 million barrels, while distillate stockpiles fell by 0.536 million barrels. The surprise build in U.S. crude stockpiles confounded expectations that U.S. demand for oil would start to pick up ahead of the ‘summer driving season. Copper futures trade higher on MCX: Copper futures traded higher on MCX as speculators raised their bets amid firming trend overseas and rising demand at the spot market. The contract for April delivery was trading at Rs 381.20, up by 1.21% or Rs 4.55 from its previous closing of Rs 376.65. The open interest of the contract stood at 15219 lots. Gold futures edged down on MCX: Gold futures edged down on MCX as focus is turning towards the release later in the day of the minutes from the Federal Reserve's March meeting, with investors looking for any clues on the pace of further US interest rate rises.
  • 3. 06/04/2017 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801 TECHNICAL ANALYST OUTLOOK: TREND: - UP RESISTANCE: - 29050, 29150 SUPPORT: - 28850, 28750 STRATEGY: - BUY ON LOW GOLD TECHNICAL OUTLOO The price of Refined Gold was declined by 0.67%. The metal ended the day a high of Rs 29040 per 10 grams while a low of Rs 28731 per 10 grams was no Gold towards Rs 29050 per 10 grams. On the lower side, Rs 28500 per 10 gra
  • 4. 06/04/2017 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801 SILVER OUTLOOK: TREND: - UP RESISTANCE: - 42500, 42700 SUPPORT: - 42200, 42050 STRATEGY: - BUY ON LOW TECHNICAL OUTLOOK The silver price was consolidating between 42400-41900 price range last few days, and after breaking its resistance made a new resistance of 42518 per 30 kilogram, ended up at 42258. It tested a high of Rs 42518 per 30 kilogram and low of Rs 42175 per 30 kilogram. The prices of silver are expected to remain vibrant in today's trades and probably up further towards Rs 42800 per 30 kilogram. On the higher side, Rs 42450 per 30 kilogram are noted immediate resistances.
  • 5. 06/04/2017 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801 COPPER OUTLOOK: TREND: - UP RESISTANCE: - 386.50,388 SUPPORT: -381.50, 379 STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK The prices of MCX Copper were jumped by more than 2.52% to reach Rs 386.15 per kg. The metal tested a high of Rs 387 per kg and a low of Rs 378 per kg. Copper is expected to face resistance of Rs 390 and 392 per kg. On the lower side Rs 375 and 372 per kg are the noted supports.
  • 6. 06/04/2017 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801 CRUDE OIL OUTLOOK: TREND: - DOWN RESISTANCE: - 3340, 3465 SUPPORT: - 3295, 3270 STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK The prices of MCX Crude Oil gained marginally by 0.30% to end the day at Rs 3335 per barrel. On the higher side, Rs 3374 per barrel was tested while on the lower side Rs 3314 per barrel was noted. The resistance for Crude Oil is at Rs 3400 and 3450 per barrel. Supports for Crude Oil are at Rs 3300 per barrel.
  • 7. 06/04/2017 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801 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 DISCLAIMER
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