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  1. DAILY COMMODITY REPORT 27/2/2019 WWW.REVENUEMAKER.IN

  2. DAILY UPDATE MARKET UPDATE BULLIONS -Gold was seen consolidating in yesterday’s session as US and China continued to make progress on key issues, which could prompt US President to push the 1st March deadline. Yesterday, Fed Chief Powell appeared before the Senate Committee and addressed issues on banking, housing and urban affairs. The views were dovish as central bank in past has already mentioned that it will be patient in raising interest rates. On other hand, US consumer confidence number came in positive breaking a streak of 3 straight months of declines; the index rose to 131.4 against expectations of 124.7. The figures offer some reassurance about the health of economy after shocking weak retail sales data in Jan. Today, market participants will also keep eye on meeting that will be held between US and North Korean leader. For the day, gold on domestic bourses is expected to quote in range of ₹33,200 and ₹ 33,500. MARKET UPDATE ENERGY: Energy Crude Oil On Tuesday, WTI Crude prices ended flat. Despite of Trumps demand to ease its efforts to boost crude prices, OPEC and its allies will continue with the supply-cut agreement. As per reports, the producer group is likely to continue with their production cuts to balance the market until the inventory level going down from their current level to their five-year average. Outlook Crude prices might trade higher as OPEC and its allies will continue the supply cuts even after pressure from US President Trump. On the MCX, oil prices are expected to trade higher today, international markets are trading higher by 0.90 percent at $56.0 per barrel.. WWW.REVENUEMAKER.IN

  3. MARKET UPDATE METALS: Base Metals On Tuesday, base metal on the LME traded marginally higher. LME Zinc rose by 1.2 percent to close at $2743.0 per tonne, most amongst the pack. Depreciating Dollar and hopes over resolution of US-China trade tension provided some support. China's imports of primary Aluminium from Russia increased tenfold yoy in January, data released by the General Administration of Customs. China imported 11,185 tonnes of Aluminium from Russia In January 2019, versus just 1,109 tonnes in January 2018. Markets will have a keen watch on the testimony by Federal Reserve Chairman Jerome Powell for hints on the further rate hikes. Copper On Tuesday, LME Copper prices rose by 0.2 percent to close at $6493.0 per tonne. Trump has stated that he is going to extend the deadline of increasing the tariff rates as the trade talks between US & China went well this weekend. Vedanta has started selling its copper concentrate stocks from its smelter in southern India as they look to cut costs at the plant which is ordered to shut permanently in May. Copper stocks at LME warehouses decreased to less than 30,000 tonnes, reaching its lowest level since mid-2005. Outlook LME Copper price are currently trading higher by 0.17 percent at $6480.25 tonne. Base metal prices might trade higher today as US & China are moving closer to a trade deal. WWW.REVENUEMAKER.IN

  4. DAILY SUPPORT/RESISTANCE GOLD (FEBRUARY) RESISTANCE 2: 33697 RESISTANCE 1: 33532 SUPPORT1: 33268 SUPPORT2: 33169 SILVER(FEBRUARY) RESISTANCE 2: 40528 RESISTANCE 1:40291 SUPPORT1: 39886 SUPPORT2: 39718 CRUDE OIL (FEBRUARY) RESISTANCE 2: 4024 RESISTANCE 1: 3988 SUPPORT1: 3921 SUPPORT2: 3890 COPPER (FEBRUARY) RESISTANCE 2:468 RESISTANCE 1:466 SUPPORT1:462 SUPPORT2:463 WWW.REVENUEMAKER.IN

  5. GOLD (DAILY) TECHNICAL OUTLOOK: Gold is under short covering as market has witnessed drop in open interest by 0.63% to settled at 14826 while prices up 67 rupees. MCX Gold is getting support at 33268 and below same could see a test of 33169 level, And resistance is now likely to be seen at 33532, a move above could see prices testing 33697 levels. STRATEGY FOR TRADERS: One can go for short position in GOLD below the level of 33500 and will expect a TG of 33300, with the strict STOPLOSS of 33600 WWW.REVENUEMAKER.IN

  6. SILVER (DAILY) TECHNICAL OUTLOOK:Technically Silver market is under short covering as market has witnessed drop in open interest by 11.07% to settled at 10078 while prices up 48 rupees. MCX Silver is getting support at 39886 and below same could see a test of 39718 level, And resistance is now likely to be seen at 40291, a move above could see prices testing 40528.. STRATEGY FOR TRADERS: One can go for SHORT position in SILVER above the level of 40000 and will expect a TG of 39600, with the strict STOPLOSS of 40400 WWW.REVENUEMAKER.IN

  7. COPPER (DAILY) TECHNICAL OUTLOOK: Technically Copper market is getting support at 458.7 and below same could see a test of 456.7 level, And resistance is now likely to be seen at 463, a move above could see prices testing 465.3. Copper on MCX settled up 0.12% at 460.70 while prices traded in the range of 460-465 as a weak dollar and dwindling stocks lent support, with investors also still cheering signs of progress in U.S.-China trade talks STRATEGY FOR TRADERS: One can go for LONG position in COPPER above the level of 470 will expect a TARGET of 520, with the strict STOPLOSS of 450. WWW.REVENUEMAKER.IN

  8. CRUDE (DAILY) TECHNICAL OUTLOOK:Technically Crude Oil market is under short covering as market has witnessed drop in open interest by 7.39% to settled at 8850 while prices up 20 rupees. MCX Crude Oil is getting support at 3922 and below same could see a test of 3891 level, And resistance is now likely to be seen at 3989, a move above could see prices testing 4025. STRATEGY FOR TRADERS: One can go for short position in CRUDE below the level of 4010 will expect a Target of 3980, with the strict STOPLOSS of 4025 WWW.REVENUEMAKER.IN

  9. 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 rights to choose the product/s that suits them the most. Investment in Stocks has its own risks. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and upon 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 based upon it & takes no responsibility whatsoever, for any financial profit or losses which may arise from the recommendations given above. The stock price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Revenue Maker does not purport to be an invitation or an offer to buy or sell any financial instrument. Analyst or any person related to Revenue Maker 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. Our Clients (Paid or Unpaid), any third party or anyone else have no rights to forward or share our calls, SMS, reports or any other 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. Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved by Revenue Maker. WWW.REVENUEMAKER.IN

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