Daily Commodity Prediction Report 13.04.2018 by TradeIndia Research

1. 13/04/2018 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

2. 13/04/2018 Market Update (Energy): Gold stumbled yesterday after hitting near three month top. COMEX Gold soared on Wednesday following global worries, a spurt in crude oil prices and continued buying support after recent recovery. The metal broke above $1350 levels after Saudi Arabia said it intercepted a ballistic missile over Riyadh and shot down two drones in another part of the country following the latest attacks by pro-Iranian Yemeni rebels. A heavy conflict between the United States and Russia in Syria following the recent gas attack in Syria also boosted sentiments. Brent oil prices hit near three year highs and the US core consumer price index rose by 0.2% March. Market Metals):COMEX Copper fell from a three week high on heavy profit selling but the losses were capped as equities rose on easing geopolitical concerns. The red metal is up in Asia, currently trading at $3.070 per pound, up 0.26% on the day. US economic data was also good yesterday. The first time claims for US unemployment benefits decreased in the week ended April 7th, according to a report released by the Labor Department. The report said initial jobless claims fell to 233,000, a drop of 9,000 from the previous week's unrevised level of 242,000. Market Update (Bullions): Update (Base The US Energy Information Administration (EIA), forecasts that drivers in the United States will pay an average of $2.74 per gallon (gal) this summer for regular gasoline, the highest average summer gasoline price in four years, according to EIA's Short-Term Energy and Summer Fuels Outlook. EIA's forecast gasoline price for summer 2018 (April through September) is 26 cents/gal higher than the average price last summer, largely reflecting changes in crude oil prices. Overall gasoline expenditures in 2018 are expected to be about $2,300, or nearly $200 more per household than in 2017. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

3. 13/04/2018 TECHNICAL ANALYST GOLD GOLD OUTLOOK: TREND: - DOWN RESISTANCE: - 31200, 31400. SUPPORT: - 30900, 30800. STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Gold daily chart has formed “Rising channel” patterns. The last session ended up bearish in trend as the prices have already broken out the channel’s resistance slope line. The market is expected to continue in bearish momentum, once the same breaks below the key support holding at 30900. The downside rally could test all the way through 30800- 30700 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test 31150- 31250 levels. Key resistance holds at 31500. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

4. 13/04/2018 OUTLOOK: SILVER SILVER TREND: - DOWN RESISTANCE: - 39100, 39400. SUPPORT: - 38500, 38300. STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Silver daily chart has formed “Symmetrical triangle” pattern. The last session ended up bearish in trend as the prices have broken out the channel’s resistance slope line. The market is expected to continue in bearish momentum, testing all the way through 38400- 38000 levels in the upcoming sessions. Once the market reaches the support level holding at 38000, it might retest the same and turn bullish once again. Alternatively, if the market breaks above the key resistance holding at 39300 then it might turn bullish once. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

5. 13/04/2018 COPPER COPPER OUTLOOK: TREND: - DOWN RESISTANCE: - 445.50,448. SUPPORT: -440.50, 438. STRATEGY: - BUY ON LOW. TECHNICAL O TECHNICAL OUTLOOK UTLOOK Copper daily chart has formed “Symmetrical triangle” pattern. The last session ended up bearish in trend after retesting the channel’s resistance slope line. The market is expected to continue in bearish momentum, once the same breaks below a key support holding at 440. The downside rally could test all the way through 438-435 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test 445-448 levels. Key resistance holds at 450. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

6. 13/04/2018 CRUDE OIL CRUDE OIL OUTLOOK: TREND: - DOWN RESISTANCE: - 4400, 4430. SUPPORT: - 4340, 4310. STRATEGY: BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Crude oil daily chart has formed “Rising channel” pattern. The last few sessions ended up bullish in trend near the channel’s resistance slope line. The market is expected to retest a key resistance holding at 4400 and turn bearish. The downside rally could test all the way through 4340-4280 levels in the upcoming sessions. Alternatively, if the market breaks above the key resistance then it might continue in bullish momentum. The upside rally could test 4450-4500 levels. Key support holds at 4280. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

7. 13/04/2018 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

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