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05 02 2018

05/02/2018

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

05 02 2018 1

05/02/2018

Market Update (Energy):

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

4100-4200. Oil prices on Monday extended declines

from the end of last week on the back of a stronger

dollar, with Brent crude falling to its lowest in nearly a

month. Other markets dropped as investors were

spooked by Friday's U.S. payrolls report which showed

wages growing at their fastest pace in more than 8-1/2

years, fuelling inflation expectations. Rising U.S. oil

production is also pushing down prices, undermining

attempts by the Organization of the Petroleum

Exporting Countries (OPEC) to support prices.

Market

Metals): China's services sector got off to a

flying start in 2018, expanding at its fastest pace in

almost six years as new orders surged and companies

rushed to hire more staff, a private survey showed on

Monday. The Caixin/Markit services purchasing

managers' index (PMI) rose to 54.7 in January from

December's 53.9, marking the highest reading since

May 2012. Russian aluminium giant United Company

Rusal Plc said on Monday its 2017 aluminium

production increased 0.6 percent from a year ago to

3.707 million tonnes.

Market Update (Bullions):

Update

(Base

Gold prices inched down early on Monday on a

firmer dollar after robust U.S. jobs data late last

week, but a fall in equities cushioned losses.

Non-farm payrolls rose by 200,000 jobs in

January, the U.S. Labor Department said,

beating expectation of 180,000 and their largest

annual gain in more than 8-1/2 years. Average

hourly earnings rose and boosted the year-on-

year increase to 2.9 percent, the largest rise

since June 2009. Hedge funds and money

managers raised their net long position in

COMEX gold contracts in the week to Jan.

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05 02 2018 2

05/02/2018

TECHNICAL ANALYST

GOLD

GOLD

OUTLOOK:

TREND: - UP

RESISTANCE: - 30300, 30400.

SUPPORT: - 30100, 30000.

STRATEGY: - SELL ON HIGH.

TECHNICAL OUTLOOK

TECHNICAL OUTLOOK

Gold 4hr chart has formed "Head & Shoulders” pattern. The last few sessions

consolidated as the channel’s support neckline seems to be holding strong as major

support near $1330(30260). As per the technical aspects of the short-term analysis, the

market is expected to continue on bearish momentum, testing all the way through $1320-

1310(30010-29760) levels in the upcoming sessions. Alternatively, if the Support level

holds strong then buyers might take control over the market. Resistance holds at

$1345(30635).

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05 02 2018 3

05/02/2018

OUTLOOK:

SILVER

SILVER

TREND: - UP

RESISTANCE: - 39600, 39800.

SUPPORT: - 39200, 39000.

STRATEGY: - SELL ON HIGH.

TECHNICAL OUTLOOK

TECHNICAL OUTLOOK

Silver daily chart has formed "Broadening top” pattern. The last session indicates bearish

momentum. The market is expected to continue on the same trend, testing all the way

through 38300-38000 levels in the upcoming sessions. Alternatively, if the market breaks

below the support at 38000 then it might continue in bearish once again. The downside

rally could test 37500-37000 in long-term basis. Resistance holds at 39000.

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

05 02 2018 4

05/02/2018

COPPER

COPPER

OUTLOOK:

TREND: - DOWN

RESISTANCE: - 458.50,461.

SUPPORT: -453.50, 451.

STRATEGY: - BUY ON LOW.

TECHNICAL OUTLOOK

TECHNICAL OUTLOOK

Copper daily chart has formed "Descending broadening wedge” pattern. The last session

market seems consolidated as the prices have broken out the pattern’s resistance slope

line itself. The market is expected to continue in the bullish trend. The upside rally could

test all the way through 460-463 levels in the upcoming sessions. Alternatively, if the

market breaks below the support then it might turn bearish once again. Resistance holds

at 463 and Previous resistance become support at 452.

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

05 02 2018 5

05/02/2018

CRUDE OIL

CRUDE OIL

OUTLOOK:

TREND: - UP

RESISTANCE: - 4190, 4220.

SUPPORT: - 4130, 4100.

STRATEGY: - BUY ON LOW.

TECHNICAL OUTLOOK

TECHNICAL OUTLOOK

Crude Oil 4hr chart has formed "Ascending triangle” pattern. The last session seems

consolidated after retesting the channel’s resistance line. As per the technical aspects of

the pattern, the market indicates bearish momentum. The downside rally could test all the

way through $64.50-64(4139-4107) levels in the upcoming sessions. Once the market

reaches the support level at $64(4107), then it might retest the same and bullish once

again. The upside rally could test $65-65.50(4171-4203) levels. Alternatively, if the market

breaks below the support then sellers might take control over the market. Resistance holds

at $65.50(4203).

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05 02 2018 6

05/02/2018

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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05/02/2018

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

which may arise from the recommendations above. Trade India Research 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

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