Daily MCX Report for 3 Feb 2017 By Money Maker Research

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Daily MCX Newsletter
3rd FEB 2017
2017
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PRECIOUS METALS:
Precious metals prices rose to an 11- week high on Thursday after the U.S. Federal Reserve gave no
clear signal on the likelihood of a March interest rate increase in its latest statement, prompting another
drop in the U.S. dollar.
ENERGY:
Crude oil prices are trade lower on yesterday, giving back early gains as traders grew less concerned
about tensions between the United States and Iran.
BASE METALS:
Industrial metal prices traded mixed yesterday as Fed’s status quo in interest rates led to weakness in
the DX in the earlier part. However, focus soon shifted to US nonfarm report due Friday.
MARKET WRAP

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PIVOTS LEVEL:
GOLD(APR)
RESISTANCE2:29300
RESISTANCE1:29000
SUPPORT1:28650
SUPPORT2:28450
SILVER (MARCH)
RESISTANCE2:42500
RESISTANCE1:42100
SUPPORT1:41200
SUPPORT2:40800
CRUDE OIL (FEB)
RESISTANCE2:3750
RESISTANCE1:3690
SUPPORT1:3570
SUPPORT2:3500
COPPER (FEB)
RESISTANCE2:402
RESISTANCE1:398
SUPPORT1:389
SUPPORT2:384

4. Money Maker Research Pvt. Ltd.
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CRUDE OIL
CALL SELL : CRUDE FEB BELOW 3620 TARGETS 3570/3520 STOP LOSS 3670
CHART OF THE DAY

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www.moneymakerfinancial.com
An ISO 9001-2008 Company
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