Commodity Report By TradeIndia Research.WE Provides Trading Tips.

1. 04/09/2017
301, 3rd
Floor, Mangal City, Vijay Nagar, Indore Toll Free: 18003157801

2. 04/09/2017
301, 3rd
Floor, Mangal City, Vijay Nagar, Indore Toll Free: 18003157801
Nymex crude extend gains on Friday:
Crude oil futures extended gains on Friday but posted
fifth weekly loss, as the shutdown of several
refineries in the wake of tropical storm Harvey
weighed on refinery activity reducing demand for oil.
A week after Tropical Storm Harvey crossed the Gulf
of Mexico off Port O'Connor, Texas, nearly a quarter
of U.S. refining capacity has been taken offline,
representing roughly 4.4 million barrels per day. Also,
the crude prices gains were capped with the US rig
count remaining unchanged in the week. Oilfield
services firm Baker Hughes said its weekly count of
oil rigs operating in the United States remained
steady at 759, unchanged from a week ago.
Copper futures end higher on
Friday:
Copper futures ended higher on Friday. The industrial
metal has surged to its highest levels since October
2014 in recent weeks, with confidence in the global
economy supporting prices.
Gold futures ended higher on
Friday:
Gold futures ended higher on Friday after US job
growth slowed more than expected in August, but
the precious metal pared some gains when
investors judged that the figures were unlikely to
change the outlook for US interest rate rises. The
Labor Department released a report showing much
weaker than expected job growth in the month of
August. The Labor Department said non-farm
payroll employment climbed by 156,000 jobs in
August compared to expectations for an increase
of about 180,000 jobs. The report also said the job
growth in June and July was downwardly revised to
210,000 jobs and 189,000 jobs, respectively,
reflecting a net downward revision of 41,000 jobs.
Reflecting the weaker than expected job growth, the unemployment rate inched up to 4.4 percent in
August from 4.3 percent in July.

3. 04/09/2017
301, 3rd
Floor, Mangal City, Vijay Nagar, Indore Toll Free: 18003157801
TECHNICAL ANALYST
OUTLOOK:
TREND: - UP
RESISTANCE: - 30150, 30250.
SUPPORT: - 29900, 29800.
STRATEGY: - SELL ON HIGH.
GOLD
TECHNICAL OUTLOOK
Gold stayed supported on rising commodity prices and stabilized just under its 11 month high. The metal has
witnessed some selling pressure at the current levels on strong US economic data and soaring values of virtual
currencies like the Bitcoin. COMEX Gold futures closed just under the $1230 per ounce levels. MCX Gold futures hit
highs above Rs 29900 per 10 grams and ended around Rs 29800 per 10 gram levels.

4. 04/09/2017
301, 3rd
Floor, Mangal City, Vijay Nagar, Indore Toll Free: 18003157801
SILVER
OUTLOOK:
TREND: - UP
RESISTANCE: - 40550, 40750.
SUPPORT: - 40050, 40200.
STRATEGY: - SELL ON HIGH.
TECHNICAL OUTLOOK
The Prices of silver were gained on Friday. And at end of the day the prices were settled at 40021 per 30 kilogram.
On the higher side Rs 40104 per 30 kilogram as resistances were noted while lows were at Rs 39590 per 30
kilograms as support noted. The metals remain under a volatile zone.

5. 04/09/2017
301, 3rd
Floor, Mangal City, Vijay Nagar, Indore Toll Free: 18003157801
COPPER
OUTLOOK:
TREND: - UP
RESISTANCE: - 447.50,450.
SUPPORT: -442.50, 440.
STRATEGY: - SELL ON HIGH.
TECHNICAL OUTLOOK
Supportive equities and continued buying interest kept COMEX Copper elevated in last week and the momentum
remains upbeat on worries that the global output gap is widening this year. COMEX Copper futures are holding near
their three year highs around $3.11 per pound.

6. 04/09/2017
301, 3rd
Floor, Mangal City, Vijay Nagar, Indore Toll Free: 18003157801
CRUDE OIL
OUTLOOK:
TREND: - DOWN
RESISTANCE: - 3070, 3100.
SUPPORT: - 3010, 2980.
STRATEGY: - SELL ON HIGH.
TECHNICAL OUTLOOK
WTI Crude oil futures recovered from their five week low on bargain buying, supportive equities and rallying gasoline
prices in the US. A continued drop in US crude inventories also worked in favour of the commodity as the WTI futures
rose well above $47 per barrel levels. This also pushed up MCX Crude oil futures as a break above Rs 3000 levels
extended.

7. 04/09/2017
301, 3rd
Floor, Mangal City, Vijay Nagar, Indore Toll Free: 18003157801
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8. 04/09/2017
301, 3rd
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