The document is a daily report from Money Maker Research & Investment Advisor Pvt. Ltd. summarizing precious metals, energy, base metals and providing recommendations. It notes that gold prices declined slightly on stronger US economic data boosting the dollar. Crude oil prices rose on ongoing OPEC supply cuts but gains were limited by oversupply from other sources and slowing global growth. Base metals traded marginally higher but were pressured by signs of slowing growth in China. The report also provides pivot levels for markets and forecasts for upcoming US economic indicators.

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MCX Daily Report
01st Mar 2019
2019
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PRECIOUS METALS:
Gold on Thursday, Spot gold prices declined 0.54 percent to close at $1312.7 per tonne. Recovery was seen
in the Dollar over better than expected U.S. economic data which pushed Gold lower. As per reports from
the U.S. Commerce Department, US GDP grew at an annualized rate of 2.6 percent in the fourth quarter
which made the Dollar stronger. On the MCX, Gold prices declined by 0.24 percent to close at Rs.33286.0
per 10 gms.
ENERGY:
Crude on Thursday, WTI Crude prices rose by 0.5 percent to close at $57.2 per barrel. Supply cuts by OPEC
continue to support the crude. However, excessive supply by US and slowdown in the global economic
growth continues to restrict the gains for crude. Venezuela’s oil exports declined by over 40 percent to
around 920,000 barrels per day (bpd) after the US sanctions which were imposed IN January 2019.
BASE METALS:
Base metals on Thursday, base metals on the LME traded marginally higher. Dollar recovered in
yesterday’s trading session over better than expected US economic data which restricted the gains for
base metals. Base metals were further pressurized after week number posted by China. China’s
Manufacturing sector PMI declined for the third straight month in February to 49.2 further confirming
signs of slowdown in the world’s biggest metal consumer. On the MCX, Base metals traded in line with the
international market trends.
MARKET WRAP

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PIVOT LEVELS
SILVER-MAY
RESISTANCE2 40650
RESISTANCE-1 40400
SUPPORT-1 39300
SUPPORT-2 39000
CRUDE OIL-MAR
RESISTANCE-2 4180
RESISTANCE-1 4130
SUPPORT-1 4030
SUPPORT-2 3980
COPPER-APR
RESISTANCE-2 471
RESISTANCE-1 466
SUPPORT-1 458
SUPPORT-2 453
GOLD-APR
RESISTANCE-2 33600
RESISTANCE-1 33400
SUPPORT-1 32500
SUPPORT-2 32300

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TIME CURRENCY PARTICULAR FORECAST PREVIOUS
07:00pm USD Core PCE Price Index m/m 0.2% 0.1%
07:00pm USD Personal Spending m/m -0.2% 0.4%
08:30pm USD ISM Manufacturing PMI 55.6 56.6
08:30pm USD Revised UoM Consumer Sentiment 95.8 95.5
Today’s major Economic Events

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COPPER
RECOMMENDATION:
SELL COPPER APR BELOW 463 TARGET 458, 453 STOPLOSS 473
RECOMMENDATIONS

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GOLD
RECOMMENDATION:
SELL GOLD APR BELOW 32900 TARGET 32750, 32600 STOPLOSS 33200

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D I S C L A I M E R
VIVEK RANA
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DN: cn=VIVEK RANA, o=MONEYMAKER RESEARCH &
INVESTMENT ADVISOR PVT LTD, ou,
email=info@moneymakerfinancial.com, c=IN
Date: 2019.03.01 11:17:08 +05'30'