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RIPPLES-COMMODITY-DAILY-REPORT-MAY-03-2017

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RIPPLES-COMMODITY-DAILY-REPORT-MAY-03-2017

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  1. BULLIONS WEEKLY TECHNICAL LEVELS Daily Commodity News letter 3rd May 2017 Tracking Market Commodity News Energy Oil rebounds on U.S. stocks drawdown, declining OPEC compliance weighs Crude oil prices bounced back on Wednesday as a decline in U.S. inventories underpinned the market, although a dip in compliance with OPEC efforts to reduce output and near record supplies capped gains. Bullions Gold pares losses but remains under pressure Gold prices pared losses on Tuesday, benefiting from a weaker dollar, as investors appetite for riskier assets eased slightly ahead of the Federal Reserve's interest rate decision on Wednesday. Currency Dollar hits 1-month high vs. yen as US yields spike on Mnuchin comments The dollar hit a one-month high against the yen on Tuesday, lifted by Treasury yields which surged after US Treasury Secretary Steven Mnuchincommented on the possibility of ultra long-term bond issuance. Base Metals London copper drifts as technical push fades London Metal Exchange copper slipped by 0.7 percent to $5,763 a tonne by 0150 GMT, paring 1.2 percent gains from the previous session when prices topped out at $5,820 a tonne, the highest in three weeks, and closed at the 100-day moving average. Agri Commodity Chilli hits a new low of Rs.1800/qtl in Telangana On Tuesday, about 80,000 bags of chilli arrived at the market yard in Warangal after it is opened after a gap of about a week. The traders bought about 5,000 bags for a price of Rs 4,000-5,000 a quintal. Slack physical demand drags chana A sluggish trend continued in chana and other pulse seeds on slack physical demand. Today, chana (kanta) was quoted at Rs 5550-56 a quintal, while chana (desi) ruled at Rs 5,500 and chana (vishal) at Rs 5,700 a quintal. MAY 3/2017 Close AbsChange GOLD 28582 -71 SILVER 38689 +4.00 CRUDE OIL 3087 -55 NATURAL GAS 204.60 -2.00 COPPER 376.10 -4.45 NICKEL 614.00 -3.60 LEAD 144.25 -2.30 ZINC 170.15 -0.75 ALUMINIUM 123.75 -0.05 $ / Re. 64.21 -0.04 Light Sweet Crude Oil 48.08 -0.66 Gold $ / OZ- 1257.80 +0.40 Silver $ / OZ- 16.84 -0.03 Call @ +91-9039089381 Email : info@ripplesadvisory.com

  2. BULLIONS WEEKLY TECHNICAL LEVELS PIVOT TABLES SCRIP S2 S1 R1 R2 STRATEGY SELL ON RISE GOLD 28502 28545 28634 28686 SELL ON RISE SILVER 38734 38889 39364 39664 BUY ON DIPS CRUDE OIL 2990 3039 3154 3220 SELL ON RISE NATURALGAS 200.40 202.50 208.60 212.20 SELL ON RISE COPPER 371.50 374.10 378.50 380.90 SELL ON RISE NICKEL 609.90 611.90 616.60 619.50 SELL ON RISE LEAD 142.75 143.50 145.30 146.35 SELL ON RISE ZINC 167.45 168.80 171.50 172.85 SELL ON RISE ALUMINIUM 121.70 122.70 124.20 124.95 Call @ +91-9039089381 Email : info@ripplesadvisory.com

  3. BULLIONS WEEKLY TECHNICAL LEVELS CALL OF THE DAY SELL SILVER BELOW 39000 TGT 38750/38450 SL ABOVE 39350 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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