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Commodity Daily Report - 28 NOV 2017

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Commodity Daily Report - 28 NOV 2017

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  1. 28/11/2017 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

  2. 28/11/2017 Crude oil futures snap their gaining streak: Crude oil futures snapping their gaining streak ended Tuesday, as uncertainty concerning Russia’s willingness to extend output curbs beyond March ahead of the OPEC meeting this week weighed on sentiment. Russia is said to be on board with extending the supply quota plan through 2018, but is pushing for OPEC assurances that all members of the cartel will comply with the plan. lower on Copper futures decline on weak demand: Copper futures declined on MCX as participants cut down their bets amid weak demand industries at the However, a firming trend at the London Metal exchange capped some losses futures. Gold futures edge higher on MCX: from consuming spot market. (LME) copper in Gold futures edged higher on MCX as investors looked ahead to a busy week of Federal Reserve speakers for fresh clues on the likely trajectory of monetary policy. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

  3. 28/11/2017 TECHNICAL ANALYST GOLD GOLD OUTLOOK: TREND: - UP RESISTANCE: - 29550, 29650. SUPPORT: - 29350, 29250. STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Gold 4H chart seems to be continuing in the same “Ascending broadening wedge”. The last market session has successfully broken the previous resistance level on bullish momentum as expected. The upcoming market session is expected to rally further with bullish momentum towards $1296(29460) where a strong resistance is holding now. Long-term support holds at $1288(29260). 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

  4. 28/11/2017 OUTLOOK: SILVER SILVER TREND: - UP RESISTANCE: - 39420, 39620. SUPPORT: - 39020, 38820. STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Silver hourly chart has taken the formation of “Falling wedge” pattern. The last session market has ended up successfully bearish as per the technical pattern by retesting the channel’s resistance line. Market is expected to rally on bearish trend and sell will be confirmed once the same breaks below the support holding at 39200. Resistance holds at 39430. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

  5. 28/11/2017 COPPER COPPER OUTLOOK: TREND: - UP RESISTANCE: - 444.50,447. SUPPORT: -438.50, 435. STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Copper 4hour chart bearish candle is in an downtrend Copper swing trading in between 441-444 If it breaks and closes below the support, further downside rally can be expected towards 437.50 . Alternatively, if it breaks higher the resistance and closes above 444, a further upside rally can be expected up to 450. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

  6. 28/11/2017 CRUDE OIL CRUDE OIL OUTLOOK: TREND: - UP RESISTANCE: - 3760, 3790. SUPPORT: - 3700, 3670. STRATEGY: - BOY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK The daily chart of Crude Oil future market seems to be continuing in the same “Rising wedge” pattern. The Last market session seems successfully bearish as the retest was successful on channel’s resistance level which triggered the same as expected in last report. The market is likely to continue on bearish momentum as per the technical pattern and sell signal will be confirmed once the same breaks below the support level holding at $57.50(3712). The rally might extend towards $57-56.50(3680-3647) levels. Resistance holds at $59(3808). 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

  7. 28/11/2017 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. 28/11/2017 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

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