Commodity market daily report

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MONEY CLASSIC RESEARCH
COMMODITY DAILY REPORT
20-04-2015
METALS & ENERGY UPDATE

COMMODITY DAILY REPORT 20-04-2015
DAILY MARKET WRAPUP:
COMMODITY OPEN HIGH LOW CLOSE
SILVER 36428 36890 36369 36455
GOLD 26617 26840 26617 26812
CRUDEOIL 3536 3554 3481 3494
NETURALGAS 167.30 168.30 164.60 164.90
ZINC 138.70 139.75 138.15 138.55
LEAD 127.45 128.20 126.40 127.15
ALLUMINIUM 114.25 115.40 113.95 114.35
COPPER 382.50 386.80 381.55 384.00
NICKEL 796.00 801.90 786.10 787.10

COMMODITY NEWS:
 Gold future higher after weak us data. Gold future rose by
0.63% to 26812 on Friday.As Thursday's disappointing
U.S. data sparked fresh uncertainty over the timing of a rate
hike by the Federal Reserve and continued to weigh on
demand for the dollar. At the Multi Commodity Exchange,
Gold June delivery rose by Rs 167, or 0.63%, to Rs 26,812
per 10 grams on Friday.
 Copper future gain 0.26% on spot demand .Copper future
rose Rs 1.00 to Rs 384 per kg on Friday. After increase
domestic demand. At the Multi Commodity exchange, Zinc
for delivery in May up by 1.65 Rs, or 1.20%, to Rs 139.20
per kg.
 Crude oil future down on profit booking. Crude Oil Apr fall
by 1.83% or 65 Rs to Rs 3494. Crude oil for April delivery
was down after starting profit booking on high, and US
Prelim Uom Consumer Sentiment data also pressurised the
Crude oil prices. The data was positive for dollar. At the
New York Mercantile Exchange, Crude Oil April delivery
traded at USD56.06 a barrel on Friday.

GOLD TECHNICAL UPDATE
MCX GOLD JUNE2015
Researcher View:-
The above Daily chart of Gold suggest that prices have reversed after
taking support level. RSI is in a Buy mode. We expect prices to correct
up to levels of 27000 .

SILVER TECHNICAL UPDATE
MCX SILVER MAY2015
Researcher View:-
The above Daily chart of Silver suggest that prices have reversed after
taking support level. RSI is in a Buy mode. We expect prices to correct
up to levels of 36850.

CRUDEOIL TECHNICAL UPDATE
MCX CRUDEOIL APR2015
Researcher View:-
The above Daily chart of Crude oil suggest that prices have reversed
after taking resistance level. RSI is in a Sell mode. We expect prices to
correct up to levels of 3350.

DISCLAIMER
• The information contained here was gathered from sources deemed reliable
however; no claim is made as to accuracy or content. This does not contain specific
recommendations to buy or sell at particular prices or time, nor should any
examples presented be deemed as such. There is a risk of loss in commodity
trading and you should carefully consider your financial position before making a
trade. This is not, nor is it intended, to be a complete study of chart patterns or
technical analysis and should not be deemed as such. Money Classic Investment
Advisors does not guarantee that such information is accurate or complete and it
should not be relied upon as such. Any opinions expressed reflect judgments at this
date and are subject to change without notice. For use at the sole discretion of the
investor without any liability on Money Classic Investment Advisors.
• MONEY CLASSIC INVESTMENT ADVISORS
• WEBSITE- WWW.MONEYCLASSIC RESEARCH.COM
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