You are on page 1of 8

01/06/2017

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801
01/06/2017

Crude oil futures decline on


renewed doubts over OPEC's
supply quota plan:
Crude oil futures extended their decline on
Wednesday, amid renewed doubts over OPEC's
supply quota plan. The global supply glut is expected
to linger due to robust U.S. production and as certain
outliers like Libya and Nigeria ramp up following
recent interruptions. Libya's National Oil Corporation
had said on Monday that oil production is expected to
rise to 800,000 barrels per day (bpd) this week. Iran
is also allowed to retain the right to increase
production to the same reference level, around 3.797
million barrels a day, agreed in November last year.

Copper Recovers By the End of Day Trades on Wednesday:

China manufacturing statistics has demoralized the


prices of Copper big time. The manufacturing PMI
came in at 51.2 in May, flat compared to April and
staying above the 50-point mark that separates
expansion from contraction, the National Bureau of
Statistics (NBS) and the China Federation of Logistics
and Purchasing (CFLP) this week.

Driven by infrastructure and real estate, the non-


manufacturing PMI came in at 54.5 this month, up
from 54 in April, remaining above 54 for eight
consecutive months.

Gold futures end higher on


weaker dollar:
Gold futures ended higher on Wednesday as investors
reacted to the weaker US Dollar. Besides, uncertainty
over the direction of US interest rates also supported
the precious metal. Furthermore, political tensions in
the US and Europe also continued to support gold.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801
01/06/2017

TECHNICAL ANALYST

GOLD
OUTLOOK:

TREND: - UP

RESISTANCE: - 28850, 28950.

SUPPORT: - 28650, 28550.

STRATEGY: - BUY ON LOW.

TECHNICAL OUTLOOK

The prices of Refined Gold gained ground with session ending at Rs 28741 per 10 grams against Rs 28900 per 10
grams. The metal tested a high of Rs 28986 per 10 grams and a low of Rs 28712 per 10 grams. Resistance for Gold
is at Rs 29100 and 29250 per 10 grams. Meanwhile, Supports for Gold is at Rs 28500 per 10 grams.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801
01/06/2017

OUTLOOK:
SILVER
TREND: - UP

RESISTANCE: - 40150, 40300.

SUPPORT: - 39800, 39600.

STRATEGY: - BUY ON LOW.

TECHNICAL OUTLOOK

The Prices of silver were consolidating by inches up and down during the whole day of the market on Wednesday.
And at end of the day the prices were settled at 40096 per 30 kilogram. On the higher side Rs 40275 per 30 kilogram
as resistances were noted while lows were at Rs 39910 per 30 kilograms as support noted. The metals remain under
a volatile zone.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801
01/06/2017

COPPER
OUTLOOK:

TREND: - UP

RESISTANCE: - 370,372.50.

SUPPORT: -365, 362.50.

STRATEGY: - BUY ON LOW

TECHNICAL OUTLOOK

The prices of copper were maintained uptick in the session ending Wednesday. Copper gained by 0.46% in the
session gone by. Indian Copper gained by 0.46% to trade at Rs 368.85 per kg at the time of closing. On the higher
side, Rs 369.45 per kg was tested while on the lower side Rs 365.15 per kg was noted. Resistance for Copper is at Rs
372 and 374 per kg. Supports of Rs 362 and 365 per kg is active.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801
01/06/2017

CRUDE OIL

OUTLOOK:

TREND: - UP

RESISTANCE: - 3180, 3200.

SUPPORT: - 3120, 3090.

STRATEGY: - BUY ON LOW.

TECHNICAL OUTLOOK

Heavy selling was seen in Crude Oil prices the session saw benchmark contract declined by INR 76. The prices of
Crude Oil ended at Rs 3127 per barrel. On the higher side Rs 3196 per barrel was tested. On the lower side Rs 3090
per kg was noted. Resistance for Crude Oil is at Rs 3220 and 3270 per barrel. Supports for Crude Oil is at Rs 3050
per barrel.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801
01/06/2017

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.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801
01/06/2017

All Rights Reserved.

Investment in Commodity and equity market has its own risks.

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 : 18003157801