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RIPPLES COMMODITY DAILY REPORT 04 MAY 2017

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RIPPLES COMMODITY DAILY REPORT 04 MAY 2017

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  1. BULLIONS WEEKLY TECHNICAL LEVELS Daily Commodity News letter 4th May 2017 Tracking Market Commodity News Energy U.S. crude falls in Asia after inventory figures, cut extension doubts U.S. crude fell in Asia on Thursday with mixed figures on U.S. inventories and uncertainty on the extension of curbs to oil output by OPEC and key non-OPEC beyond the end of June weighing on sentiment. Bullions Gold prices fall in Asia as U.S. jobs awaited after Fed views Gold dropped in Asia on Thursday as investors looked ahead to end of the week nonfarm payroll figures following a Fed review that set a weaker tone for the precious metal. Currency Rupee gains 6 paise vs dollar The rupee on Wednesday strengthened by 6 paise to close at 64.15 against the US currency on sustained dollar unwinding by exporters and banks, extending its gains for a second session. Base Metals Copper, barometer of global economy, posts worst drop in 19 months on China growth worries Copper prices dropped Wednesday the most in 19 months after a jump in inventories increased worries about an economic slowdown in China, the world's largest consumer of the metal. Agri Commodity Spot turmeric dips Since there is a demand for finger variety turmeric the price decreased by Rs 700 a quintal in the Erode Turmeric Merchants Association Sales yard and Rs 250 a quintal in the Regulated Marketing Committee when compared to Tuesday. Slack physical demand drags pulses down Downtrend in pulse seeds and pulses continued on slack physical demand and buying support. MAY 4/2017 Close AbsChange GOLD 28472 -110 SILVER 38292 -397 CRUDE OIL 3067 -20 NATURAL GAS 207.30 +2.70 COPPER 362.25 -13.85 NICKEL 595 -19.00 LEAD 140.85 -3.40 ZINC 165.00 -5.15 ALUMINIUM 123.15 -0.60 $ / Re. 64.14 -0.07 Light Sweet Crude Oil 47.55 -0.53 Gold $ / OZ- 1238.50 -19.30 Silver $ / OZ- 16.48 -0.36 Call @ +91-9039089381 Email : info@ripplesadvisory.com

  2. BULLIONS WEEKLY TECHNICAL LEVELS PIVOT TABLES SCRIP S2 S1 R1 R2 STRATEGY SELL ON RISE GOLD 28299 28386 28578 28683 SELL ON RISE SILVER 38008 38290 39050 39515 BUY ON DIPS CRUDE OIL 3012 3040 3100 3132 BUY ON DIPS NATURALGAS 202.90 205.70 208.60 209.80 SELL ON RISE COPPER 353.60 357.85 370.10 378.95 SELL ON RISE NICKEL 582.10 588.55 606.90 618.90 SELL ON RISE LEAD 138.95 139.90 142.55 144.25 SELL ON RISE ZINC 162.20 163.55 167.70 170.50 SELL ON RISE ALUMINIUM 122.05 122.60 123.70 124.25 Call @ +91-9039089381 Email : info@ripplesadvisory.com

  3. BULLIONS WEEKLY TECHNICAL LEVELS CALL OF THE DAY SELL GOLD BELOW 28250 TGT 28150/28000 SL ABOVE 28450 PREVIOUS DAY CALL UPDATE:SILVER ALMOST ACHIEVED FINAL TGT(LOW 38480) Call @ +91-9039089381 Email : info@ripplesadvisory.com

  4. BULLIONS WEEKLY TECHNICAL LEVELS 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. Entering our site means that you have read, understood and agreed to everything that is written and implied in this disclaimer note. RESEARCH is published solely for informational purposes and must in no way be construed as investment advice for a specific individual. The information and views in this web-site & all the services 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. Investment in equity shares, futures, options and commodities has its own risks. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and on sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred due to it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above. Call @ +91-9039089381 Email : info@ripplesadvisory.com

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