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RIPPLES-COMMODITY-DAILY-REPORT-12-MAY-2017

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RIPPLES-COMMODITY-DAILY-REPORT-12-MAY-2017

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  1. BULLIONS WEEKLY TECHNICAL LEVELS Daily Commodity News letter 12th May 2017 Tracking Market Commodity News Energy Oil stable on expectations of extended OPEC-led production cut Oil prices were stable on Friday as traders expected OPEC-led production cuts to extend beyond the middle of this year, and as U.S. crude inventories fell to their lowest levels since February. Bullions Gold steadies as dollar edges lower Gold prices traded higher on Thursday, buoyed by a weaker dollar, despite the release of bullish economic data. Currency Dollar off 8-week high vs yen but on track for weekly gain The dollar traded below an eight-week high against the yen on Friday, with the near- term focus on whether forthcoming US economic data would provide the catalyst for further gains in the greenback. Base Metals Copper stalls as equities rise and China outlook dims Copper was flat in Asia on Friday as equities headed for a strong end to the week and the short-covering that pulled the contract higher overnight failed to re-emerge. Agri Commodity Spot turmeric improves Turmeric prices have seen a slight improvement on dip in arrivals. At the Erode Turmeric Merchants Association Sales yard, the finger turmeric sold at Rs 5,389 to Rs 6,727 a quintal. Thundershowers look set to scale up over peninsula The India Met Department (IMD) has retained the watch for advancement of the South- West monsoon into the Andaman region over the next four days. MAY 12/2017 Close AbsChange GOLD 28004 +8 SILVER 37992 +40 CRUDE OIL 3089 +6 NATURAL GAS 217.80 +4.40 COPPER 358.85 +0.85 NICKEL 598.40 +7.40 LEAD 139.95 -1.75 ZINC 166.35 -1.40 ALUMINIUM 120.85 +0.25 $ / Re. 64.37 -0.23 Light Sweet Crude Oil 47.82 +0.48 Gold $ / OZ- 1225.00 +5.90 Silver $ / OZ- 16.32 +0.13 Call @ +91-9039089381 Email : info@ripplesadvisory.com

  2. BULLIONS WEEKLY TECHNICAL LEVELS PIVOT TABLES SCRIP S2 S1 R1 R2 STRATEGY BUY ON DIPS GOLD 27849 27929 28087 28171 BUY ON DIPS SILVER 37662 37827 38191 38390 BUY ON DIPS CRUDE OIL 3044 3067 3112 3134 SELL ON RISE NATURALGAS 208.40 213.20 220.50 223.40 SELL ON RISE COPPER 353.65 356.30 363.40 367.45 SELL ON RISE NICKEL 585.20 591.20 604.50 611.10 SELL ON RISE LEAD 137.10 138.55 142.20 144.35 SELL ON RISE ZINC 163.50 164.95 168.90 171.45 SELL ON RISE ALUMINIUM 119.55 120.20 121.65 122.45 Call @ +91-9039089381 Email : info@ripplesadvisory.com

  3. BULLIONS WEEKLY TECHNICAL LEVELS CALL OF THE DAY BUY SILVER ABOVE 38300 TGT 38500/38800 SL BELOW 38000 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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