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07 02 2018

07/02/2018

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

07 02 2018 1

07/02/2018

Market Update (Energy):

Crude oil may open in green as it may move in range of

4060-4140. Oil prices rose on Wednesday amid a share

market recovery and supported by a report that U.S.

crude inventories fell last week, although analysts

warned that soaring U.S. output and a seasonal

demand drop could soon weigh on crude. The market

was supported by a report by the American Petroleum

Institute (API) saying that U.S. crude inventories fell by

1.1 million barrels in the week to Feb. 2 to 418.4 million

barrels, traders said.

Market

Metals):London

recovered some of the ground they had lost in the

previous session as global equities bounced back after

days of sharp falls. Freeport-McMoRan Inc reinstated

its cash dividend on Tuesday, three years after

suspending it, reflecting a stronger financial position,

improved market conditions and a positive outlook for

cash generation. Global production of crude steel rose

by 5.3 percent last year, according to the World Steel

Association (WSA).

Market Update (Bullions):

Update

(Base

metals

on

Wednesday

Gold prices edged up on Wednesday as

investors resorted to bargain hunting after the

yellow metal's sharp decline of over 1 percent to

its lowest in more than three weeks in the

previous session. Stock markets were routed

around the globe as resurgent U.S. inflation

raised the possibility that the U.S. Federal

reserve would tighten policy more aggressively

than previously expected. The original trigger

for the U.S. stock market selloff was a sharp rise

in U.S. bond yields late last week, after data

showed U.S. wages increasing at the fastest

pace since 2009. That raised the alarm about

higher inflation and, with it, potentially higher interest rates.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

07 02 2018 2

07/02/2018

TECHNICAL ANALYST

GOLD

GOLD

OUTLOOK:

TREND: - DOWN

RESISTANCE: - 30300, 30400.

SUPPORT: - 30100, 30000.

STRATEGY: - SELL ON HIGH.

TECHNICAL OUTLOOK

TECHNICAL OUTLOOK

Gold 4hr chart has formed "Ascending broadening wedge” pattern. The last session

seems bullish in trend after retesting the channel’s support slope line. As per the

technical aspects of the pattern, the market is expected to continue in bullish momentum.

Buy signal will be confirmed once the market breaks above the slope trend line inside the

channel indicated in the technical chart. The upside rally could test $1355-1365(30505-

30755) levels in upcoming weeks. Alternatively, if the market breaks below the support

level at $1340(30130), then sellers might take control over the same. Resistance holds at

$1365(30755).

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

07 02 2018 3

07/02/2018

OUTLOOK:

SILVER

SILVER

TREND: - DOWN

RESISTANCE: - 38700, 38900.

SUPPORT: - 38300, 38100.

STRATEGY: - SELL ON HIGH.

TECHNICAL OUTLOOK

TECHNICAL OUTLOOK

Silver 4hr chart has formed "Broadening top” pattern. The last session been bearish in

trend and has ended near the channel’s support line. The market is expected to retest the

level and turn bullish, testing all the way through 38500-39000 levels in the upcoming

sessions. Alternatively, if the market breaks below the support level at 38100 then sellers

might take control over the market. The downside rally could test 37800-37400 levels.

Key Resistance holds at 39000.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

07 02 2018 4

07/02/2018

COPPER

COPPER

OUTLOOK:

TREND: - UP

RESISTANCE: - 458.50,462.

SUPPORT: -453.50, 451.

STRATEGY: - BUY ON LOW.

TECHNICAL OUTLOOK

TECHNICAL OUTLOOK

Copper hourly chart has formed “Rising wedge” pattern along with a “Descending

broadening wedge” pattern. The last session seems consolidated but bearish in trend and

has ended up near the rising channel’s support slope line. The market is expected to retest

the same and turn bullish, testing all the way through 455-460 levels in the upcoming

sessions. Alternatively, if the market breaks below the support level at 452 then sellers

might take control over the same. The downside rally could test 450-445 levels.

Resistance holds at 460.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

07 02 2018 5

07/02/2018

CRUDE OIL

CRUDE OIL

OUTLOOK:

TREND: - UP

RESISTANCE: - 4130, 4160.

SUPPORT: - 4070, 4040.

STRATEGY: - BUY ON LOW.

TECHNICAL OUTLOOK

TECHNICAL OUTLOOK

Crude Oil daily chart has formed “Right angled broadening ascending” pattern. The last

session successfully retested the channel’s support line and turned bullish in trend. The

market is expected to continue in the same trend, testing all the way through $65-

66.50(4167-4264) levels in the upcoming sessions. Alternatively, if the market breaks below

the support level at $63(4039) then sellers might take control over the same. The downside

rally could test $62-61(3975-3911) levels. Resistance holds at $66.50(4264).

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

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07/02/2018

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.

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07/02/2018

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

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