Commodity Daily Report - 27 Nov 2017

1. 27/11/2017 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

2. 27/11/2017 Crude oil futures end at fresh two week high on Friday: Crude oil futures ended at a fresh two week high on Friday on a report suggesting OPEC and Russia agreed on a plan to extend output curbs lifted sentiment. Traders also got some support with tighter supplies amid ongoing disruption Keystone pipeline. pipeline leak has kept shipments from Canada's oil sands from reaching US Gulf refineries, allievated soon. Meanwhile, OPEC to the The Keystone but should be meets November 30 to decide whether to process with supply quotas. Copper futures end higher on weaker dollar: Copper futures ended up on Friday, buoyed by weaker dollar which makes dollar-priced metals cheaper for non-US investors. The US dollar was at its lowest level since late September against a currency basket, still under pressure after the minutes from the latest US Federal Reserve policy meeting highlighted concern among some board members over persistently low inflation. Gold futures trade flat on Monday: Gold futures traded flat on Monday, as dollar hovers near 2 month low hit in the previous session against a basket of major currencies. The bullion also muted as investors are looking to the hearing on Fed Chair nominee Jerome Powell on Tuesday. Congressional 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

3. 27/11/2017 TECHNICAL ANALYST GOLD GOLD OUTLOOK: TREND: - UP RESISTANCE: - 29600, 29700. SUPPORT: - 29400, 29300. STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Gold 4H chart has formed “Ascending broadening wedge” pattern. The Last market session seems a bit consolidated but bearish in trend as it retested on a resistance level which is now holding at $1293(29495) and the expectations are higher that market will continue on the same trend if the same breaks below the support level holding at $1287(29345). Alternatively, if support holds strong, then market might turn to bullish momentum and the rally might extend towards $1290-1292(29420-29470) levels in the upcoming sessions. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

4. 27/11/2017 OUTLOOK: SILVER SILVER TREND: - UP RESISTANCE: - 39550, 39750. SUPPORT: - 39150, 38950. STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Silver 4hr chart has taken the formation of “Rising wedge” pattern. The last session market been successfully bearish and took retest on the channel’s support line which confirmed the change in trend in upcoming sessions. Market is expected to turn to bullish as per the technical aspects, which rally could extend to 39400-39600 levels in upcoming days. Resistance holds at 39600 and support holds at 39200. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

5. 27/11/2017 COPPER COPPER OUTLOOK: TREND: - UP RESISTANCE: - 453.50,456. SUPPORT: -447.50, 445. STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Currently, copper daily chart bullish candle is in an uptrend after six consecutive winning strikes. Point to be noted – Copper breathes on current resistance 454-455. If it breaks and closes above the resistance, further rally can be expected towards 460. A major support holds at 446. Alternatively, if it breaks lower the support and closes below 446, a further downfall can be expected up to 440. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

6. 27/11/2017 CRUDE OIL CRUDE OIL OUTLOOK: TREND: - UP RESISTANCE: - 3840, 3870. SUPPORT: - 3770, 3740. STRATEGY: - BOY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK The daily chart of Crude oil future market has formed “Rising wedge” pattern. The last few market sessions have been successfully bullish and is about to retest the channel’s resistance line as per its technical aspects. The market is expected to reach all higher possible resistance levels in the upcoming sessions. Resistance holds at $59(3822) and the support holds at $57.50(3725). 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

7. 27/11/2017 DISCLAIMER DISCLAIMER 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. Investment in Commodity and equity market has its own risks. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

8. 27/11/2017 We, however, do not Touch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above. Trade India Research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900