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13/04/2017
301, 3rd
Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801
13/04/2017
301, 3rd
Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801
Crude futures decline despite dip in inventory:
Crude oil futures slipped on Wednesday despite
report of surprise dip in US crude stockpiles. The
latest Energy Information Administration (EIA) report
showed an unexpected drop in US crude stockpiles
from record highs while production increased. The
EIA said that crude oil inventories fell by 2.166
million barrels. Gasoline production grew by 0.412
million, while distillate stockpiles fell by 2.153 million
barrels. Meanwhile, the Organization of the Petroleum
Exporting Countries' (OPEC) new monthly report
revealed its members cut oil output in March more
than anticipated. Compliance with the global deal to
drain the glut in supply, averaged 104% according to
production figures published by OPEC.
Copper futures end lower on Wednesday on MCX:
Comex copper futures ended lower on Wednesday,
while London copper prices too declined as a
tentative recovery in broader financial markets lost
steam, with geopolitical tensions and fading hopes of
a boost to US demand putting pressure on prices.
Gold ETF Holdings Up Mildly In
Volume Terms:
At the end of March, total holdings in gold-backed
ETFs and similar products stood at 2,251.8t (72.4
moz), up 5.9t from February. These holdings were
valued at US$90.1bn, 1% lower than a month earlier.
In Europe, Germany’s Xetra-Gold (the regional
largest) added 2.0t in March to 162.9t, putting
further distance between it and its nearest rival –
UK’s ETFS Physical Gold (148.7t). DB Physical Gold
Euro Hedged ETC, another German fund, enjoyed the
fastest growth of all funds for the month. Its holding
was 5.2t higher (+22%) to 28.9t.
13/04/2017
301, 3rd
Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801
TECHNICAL ANALYST
OUTLOOK:
TREND: - UP
RESISTANCE: - 29450, 29550
SUPPORT: - 29250, 29150
STRATEGY: - BUY ON LOW.
GOLD
TECHNICAL OUTLOOK
Refined Gold was static in the trading session ending Wednesday. The prices were up by only Rs 22 per 10 grams
and ended at Rs 29215 per 10 grams. The refined metal tested a high of Rs 29297 per 10 grams and a low of Rs
29167 per 10 grams. Supports for Gold are at Rs 29000 per 10 grams. Meanwhile, resistances are active at Rs 29500
per 10 grams.
13/04/2017
301, 3rd
Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801
SILVER
OUTLOOK:
TREND: - UP
RESISTANCE: - 42750, 42900
SUPPORT: - 42350, 42200
STRATEGY: - BUY ON LOW.
TECHNICAL OUTLOOK
Prices of Refined silver were down and end the trades at Rs 42202 per 30 kilogram. On the higher side Rs 42418 per
30 kilogram was noted while lows were at Rs 42154 per 30 kilograms. The metal remains under a volatile zone where
Rs 42520 levels as resistance and Rs 42154 as support will be beneficial for intraday term. After breaking the
resistance the price of silver would move toward for Rs 42800 per 30 kilogram.
13/04/2017
301, 3rd
Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801
COPPER
OUTLOOK:
TREND: - DOWN
RESISTANCE: - 369,372.50
SUPPORT: -363, 361.50
STRATEGY: - SELL ON HIGH.
TECHNICAL OUTLOOK
The prices of MCX Copper derailed in the trading session ending 12 April 2017. A sharp pull back wave stuck the
metal with prices flooring at Rs 363 per kg at one point during the day. The debacle in Copper is expected to halt in
short run due to the pace of declines that has brought it to oversold zone. MCX Copper was down by 2.56% to end
the day at Rs 363.70 per kg. On the higher side Rs 372.4 per kg was noted. Supports for Copper are at Rs 360 per
kg. While resistances are active at Rs 368 per kg.
13/04/2017
301, 3rd
Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801
CRUDE OIL
OUTLOOK:
TREND: - DOWN
RESISTANCE: - 3440, 3470
SUPPORT: - 3380, 3350
STRATEGY: - SELL ON HIGH.
TECHNICAL OUTLOOK
Crude oil gained by 0.64% to end the day at Rs 3444 per barrel. The prices of Crude Oil tested a high of Rs 3478 per
barrel and a low of Rs 3432 per barrel. Resistance for Crude Oil is at Rs 3478 per barrel, while supports are emerging
at Rs 3380 per barrel for a day movement.
13/04/2017
301, 3rd
Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801
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13/04/2017
301, 3rd
Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801
Investment in Commodity and equity market has its own risks.
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not responsible for any loss incurred whatsoever for any financial profits or loss
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Commodity Daily Research Report For 13th April 2017 By TradeIndia Research

  • 1. 13/04/2017 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801
  • 2. 13/04/2017 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801 Crude futures decline despite dip in inventory: Crude oil futures slipped on Wednesday despite report of surprise dip in US crude stockpiles. The latest Energy Information Administration (EIA) report showed an unexpected drop in US crude stockpiles from record highs while production increased. The EIA said that crude oil inventories fell by 2.166 million barrels. Gasoline production grew by 0.412 million, while distillate stockpiles fell by 2.153 million barrels. Meanwhile, the Organization of the Petroleum Exporting Countries' (OPEC) new monthly report revealed its members cut oil output in March more than anticipated. Compliance with the global deal to drain the glut in supply, averaged 104% according to production figures published by OPEC. Copper futures end lower on Wednesday on MCX: Comex copper futures ended lower on Wednesday, while London copper prices too declined as a tentative recovery in broader financial markets lost steam, with geopolitical tensions and fading hopes of a boost to US demand putting pressure on prices. Gold ETF Holdings Up Mildly In Volume Terms: At the end of March, total holdings in gold-backed ETFs and similar products stood at 2,251.8t (72.4 moz), up 5.9t from February. These holdings were valued at US$90.1bn, 1% lower than a month earlier. In Europe, Germany’s Xetra-Gold (the regional largest) added 2.0t in March to 162.9t, putting further distance between it and its nearest rival – UK’s ETFS Physical Gold (148.7t). DB Physical Gold Euro Hedged ETC, another German fund, enjoyed the fastest growth of all funds for the month. Its holding was 5.2t higher (+22%) to 28.9t.
  • 3. 13/04/2017 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801 TECHNICAL ANALYST OUTLOOK: TREND: - UP RESISTANCE: - 29450, 29550 SUPPORT: - 29250, 29150 STRATEGY: - BUY ON LOW. GOLD TECHNICAL OUTLOOK Refined Gold was static in the trading session ending Wednesday. The prices were up by only Rs 22 per 10 grams and ended at Rs 29215 per 10 grams. The refined metal tested a high of Rs 29297 per 10 grams and a low of Rs 29167 per 10 grams. Supports for Gold are at Rs 29000 per 10 grams. Meanwhile, resistances are active at Rs 29500 per 10 grams.
  • 4. 13/04/2017 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801 SILVER OUTLOOK: TREND: - UP RESISTANCE: - 42750, 42900 SUPPORT: - 42350, 42200 STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK Prices of Refined silver were down and end the trades at Rs 42202 per 30 kilogram. On the higher side Rs 42418 per 30 kilogram was noted while lows were at Rs 42154 per 30 kilograms. The metal remains under a volatile zone where Rs 42520 levels as resistance and Rs 42154 as support will be beneficial for intraday term. After breaking the resistance the price of silver would move toward for Rs 42800 per 30 kilogram.
  • 5. 13/04/2017 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801 COPPER OUTLOOK: TREND: - DOWN RESISTANCE: - 369,372.50 SUPPORT: -363, 361.50 STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK The prices of MCX Copper derailed in the trading session ending 12 April 2017. A sharp pull back wave stuck the metal with prices flooring at Rs 363 per kg at one point during the day. The debacle in Copper is expected to halt in short run due to the pace of declines that has brought it to oversold zone. MCX Copper was down by 2.56% to end the day at Rs 363.70 per kg. On the higher side Rs 372.4 per kg was noted. Supports for Copper are at Rs 360 per kg. While resistances are active at Rs 368 per kg.
  • 6. 13/04/2017 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801 CRUDE OIL OUTLOOK: TREND: - DOWN RESISTANCE: - 3440, 3470 SUPPORT: - 3380, 3350 STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK Crude oil gained by 0.64% to end the day at Rs 3444 per barrel. The prices of Crude Oil tested a high of Rs 3478 per barrel and a low of Rs 3432 per barrel. Resistance for Crude Oil is at Rs 3478 per barrel, while supports are emerging at Rs 3380 per barrel for a day movement.
  • 7. 13/04/2017 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 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. DISCLAIMER
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