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commodity journal daily reports 4th october

The information and views in this report, our website & all the service we provide are believed to be relia-ble, but we do not accept any responsibility (or liability)<br>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<br>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<br>upon it & takes no responsibility. The information given herein should be treated as only factor, while making investment decision. The re-port does not provide<br>individually tailor-made investment advice.24 Carat Financial services recommends that investors independently evaluate particular investments and strategies, and<br>encourages investors to seek the advice of a financial adviser.

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commodity journal daily reports 4th october

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  1. Commodity Premium Daily Journal Strictly For Client Circulation Tuesday, 3rd October 2017 29500 39314 Gold Silver research@24cfin.com contactus@24cfin.com +91-98261-69053 604 - Shekhar Central, Palasia Square, Indore - 452001, Madhya Pradesh, INDIA

  2. Market Wrapup Friday, 29th September 2017 Commodity High Open Price Low Contract Close Price Gold 29604 29671 29526 29608 05-Oct-2017 Silver 39736 39864 39309 39750 05-Dec-2017 Crude Oil 3400 3400 3356 3373 18-Oct-2017 Natural Gas 197.6 199.7 196.3 198.3 26-Oct-2017 Copper 430.95 433.35 426.75 431.75 30-Nov-2017 Zinc 206.6 208 206.1 207.5 31-Oct-2017 Lead 162.7 164.5 161.85 162.8 31-Oct-2017 Aluminium 138.55 139.1 136.8 138.95 31-Oct-2017 Nickel 684.5 708.3 680.1 686 31-Oct-2017 research@24cfin.com contactus@24cfin.com +91-98261-69053 604 - Shekhar Central, Palasia Square, Indore - 452001, Madhya Pradesh, INDIA Sebi Reg. No.:- INH000003358

  3. Support & Resistance Tuesday, 3rd October 2017 Commodity RES-2 RES-1 PIVOT SUP.1 SUP.2 Contract 05-Oct-2017 29729.67 29643.33 29584.67 29498.33 29439.67 Gold 05-Dec-2017 40098.33 39777.66 39543.33 39222.66 38988.33 Silver 18-Oct-2017 3420.33 3396.67 3376.33 3352.67 3332.33 Crude Oil 26-Oct-2017 201.53 199.97 198.13 196.57 194.73 Natural Gas 30-Nov-2017 435.95 431.95 429.35 425.35 422.75 Copper 29-Sep-2017 211.32 209.98 208.92 207.58 206.52 Zinc 29-Sep-2017 165.53 164.52 163.38 162.37 161.23 Lead 29-Sep-2017 139.23 138.52 138.03 137.32 136.83 Aluminium 29-Sep-2017 696.90 687.80 680.70 671.60 664.50 Nickel research@24cfin.com contactus@24cfin.com +91-98261-69053 604 - Shekhar Central, Palasia Square, Indore - 452001, Madhya Pradesh, INDIA Sebi Reg. No.:- INH000003358

  4. MCX Outlook Tuesday, 3rd October 2017 Nickel market under short covering; Support seen at 669.3 Technically market is under short covering as market has witnessed drop in open interest by 22.89% to settled at 10286 while prices up 8.8 rupees. Now Nickel is getting support at 669.3 and below same could see a test of 659.4 levels and resistance is now likely to be seen at 686.2, a move above could see prices testing 693.2. Nickel on MCX settled up 1.31% at 679.2 buoyed by expectations of strong demand in top industrial metals consumer China. Premiums for metal in China bonded zones surged another $55 to $350, and are now up $110 in two days, suggesting a party is urgently seeking metal. Nickel market under short covering; Support seen at 669.3 Technically market is under short covering as market has witnessed drop in open interest by 22.89% to settled at 10286 while prices up 8.8 rupees. Now Nickel is getting support at 669.3 and below same could see a test of 659.4 levels and resistance is now likely to be seen at 686.2, a move above could see prices testing 693.2. Nickel on MCX settled up 1.31% at 679.2 buoyed by expectations of strong demand in top industrial metals consumer China. Premiums for metal in China bonded zones surged another $55 to $350, and are now up $110 in two days, suggesting a party is urgently seeking metal. research@24cfin.com contactus@24cfin.com +91-98261-69053 604 - Shekhar Central, Palasia Square, Indore - 452001, Madhya Pradesh, INDIA Sebi Reg. No.:- INH000003358

  5. Market News Tuesday, 3rd October 2017 Special News Special News Special News Gold Prices Dip In Asia On Stronger Dollar And Weak China Demand Gold prices dipped in Asia as overnight dollar gains extended into the region, making the greenback den ominated commodity more expensive and with demand weak as China markets are shut for a week-long holiday. Gold futures for December delivery on the Comex division of the New York Mercantile Exchange fell 0.21% to $1,273.15 a troy ounce. The dollar index rose 0.22% to 93.69 in Asia. Overnight, gold prices fell to seven week lows amid a dip in safe-haven demand after manufacturing data topped expectations pushing yields and the dollar to session highs. Gold futures made a weak start to the month added to losses from the previous week as investors continued unwind their bullish bets on gold after upbeat manufacturing data pointed to underlying strength in the U.S. economy. Oil prices fall for second day on oversupply concerns Oil prices fell on Tuesday, declining for a second day and sapping more strength from a third-quarter rally, amid signs that a global glut in crude may not be clearing as quickly as some had hoped. U.S. crude (CLc1) was down 14 cents, or 0.3 percent, at $50.44 a barrel by 0149 GMT, after closing the previous session down $1.09, or 2.1 percent. The U.S. benchmark posted a third quarter gain of around 12 percent, its strongest quarterly climb since the second quarter of 2016, but has now dropped nearly 5 percent from a six-month high reached on Thursday. Brent crude (LCOc1), the global benchmark, was down 19 cents, or 0.3 percent, at $55.93 a barrel. The contract fell 67 cents, or 1.2 percent, in the last session. research@24cfin.com contactus@24cfin.com +91-98261-69053 604 - Shekhar Central, Palasia Square, Indore - 452001, Madhya Pradesh, INDIA Sebi Reg. No.:- INH000003358

  6. Market News Tuesday, 3rd October 2017 Commodity Buzz Commodity Buzz Commodity Buzz Analyst reiterates outperform rating for Canadian Gold miner operating in Ghana Raymond James analyst Chris Thompson reported on Asanko Gold Inc.'s (AKG:NYSE.MKT; AKG:TSX) progress at its Asanko gold mine in Ghana."AKG is on track to meet its revised production guidance for the year (revised lower in August due to lower than expected ore volumes in the near-surface portion of the Akwasiso satellite deposit). Grade reconciliation at the main Nkran pit has been improving," wrote Thompson. He noted that "AKG confirmed it is on track to meet its revised 2017 production guidance of 205-225 koz Au (revised down from 230-240 koz on Aug. 3), which compares with our full-year 2017 production estimate of 214 koz." Thompson detailed that "reconciliation of the grade control model [Nkran pit] has been positive relative to the reserve model, showing 9% fewer tonnes and 18% higher grades (net 7% more ounces) for the last three months of mining Natural Gas prices aren’t going anywhere fast With the recent crude oil rally that brought WTI to a five-month high, it’s only fitting to have a look at what’s happening with natural gas. By the looks of it, nothing much that would make producers happy. U.S. natural gas is selling at historically low prices, with forecasts for the near term suggesting no significant change as production continues to grow. In its latest Short-Term Energy Outlook, the EIA forecast that natural gas output this year will average 73.7 billion cubic feet daily, up by 1.4 billion cubic feet per day from last year. The Henry Hub spot benchmark price should average $3.05 per MMBtu this year and, driven by an increase in domestic consumption, rise to $3.29 per MMBtu in 2018. research@24cfin.com contactus@24cfin.com +91-98261-69053 604 - Shekhar Central, Palasia Square, Indore - 452001, Madhya Pradesh, INDIA Sebi Reg. No.:- INH000003358

  7. Analyst Speaks Tuesday, 3rd October 2017 Gold MCX RESISTANCE 2 29729.67 Technically Gold market is under long liquidation as market has witnessed drop in open interest by 4.42% to settled at 4343 while prices down 214 rupees. RESISTANCE 1 29643.33 Now MCX Gold is getting support at 29498.33 and below same could see a test of 29439.67 levels and resistance is now likely to be seen at 29643.33 a move above could see prices testing 29729.67. PIVOT 29584.67 SUPPORT 1 SELL GOLD DEC AROUND 29550-29570 TGTS 29400/29300 SL 29700 29498.33 SUPPORT 2 29439.67 research@24cfin.com contactus@24cfin.com +91-98261-69053 604 - Shekhar Central, Palasia Square, Indore - 452001, Madhya Pradesh, INDIA Sebi Reg. No.:- INH000003358

  8. Analyst Speaks Tuesday, 3rd October 2017 CRUDE OIL MCX RESISTANCE 2 3420.33 Technically Crude oil market is under fresh buying as market has witnessed gain in open interest by 1.08% to settled at 15103 while prices up 14 rupees. RESISTANCE 1 3396.67 Now Crude oil is getting support at 3332.33 and below same could see a test of 3352.67 levels and resistance is now likely to be seen at 3396.67 a move above could see prices testing 3420.33. PIVOT 3376.33 BUY CRUC OIL OCT AROUND 3300-3305 TGTS 3340/3380 SL 3270 SUPPORT 1 3352.67 SUPPORT 2 3332.33 research@24cfin.com contactus@24cfin.com +91-98261-69053 604 - Shekhar Central, Palasia Square, Indore - 452001, Madhya Pradesh, INDIA Sebi Reg. No.:- INH000003358

  9. Today’s Economic Events Tuesday, 3rd October 2017 TIME EVENT COUNTRY ACTUAL FORECAST PREVIOUS FOMC Member Powell Speaks 6:00pm USD research@24cfin.com contactus@24cfin.com +91-98261-69053 604 - Shekhar Central, Palasia Square, Indore - 452001, Madhya Pradesh, INDIA Sebi Reg. No.:- INH000003358

  10. Disclaimer 24 CARAT FINANCIAL SERVICES The information and views in this report, our website & all the service we provide are believed to be relia-ble, 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 re-port does not provide individually tailor-made investment advice.24 Carat Financial services recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. 24 Carat Financial Services shall not be responsible for any transac-tion 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 infor-mation herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to 24 Carat financial Services might be holding positions in the stocks recommended. It is under-stood 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 equity & bullion market has its own risks. We, however, do not vouch 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 24 Carat Financial Services 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. Team : Designation Name Email research@24cfin.com (Technical Research Analyst-head) Mr. Prateek Gupta research@24cfin.com (Sr. Derivative & Technical Analyst) Mr. Lakhan Patidar 24cfin.calls@gmail.com (Commodity Research Analyst) Mr. Dharmendra Saloniya 24cfin.calls@gmail.com (Sr. Graphic Designer) Checked By :- Mr. Shubham Chinwar research@24cfin.com contactus@24cfin.com +91-98261-69053 604 - Shekhar Central, Palasia Square, Indore - 452001, Madhya Pradesh, INDIA Sebi Reg. No.:- INH000003358

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