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27 02 2018

27/02/2018

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

27 02 2018 1

27/02/2018

Market Update (Energy):

Crude oil may remain sideways as it can move in range

of 4120-4190. Oil prices extended gains on Tuesday,

supported by signs of stronger demand, robust

production curbs led by OPEC and a slight fall in U.S.

output. Prices have been rising since the U.S. Energy

Information Administration (EIA) last week said there

was a surprise draw on oil stockpiles amid a fall off in

imports and a surge in exports. He was referring to

Libya's National Oil Corp's declaration of force majeure

on Saturday for the 70,000-bpd El Feel oilfield after it

was closed by a protest by guards.

Market

Metals): London copper prices inched up on

Tuesday, lifted in light trade by a weaker dollar ahead

of Federal Reserve Chairman Jerome Powell's highly-

anticipated first congressional testimony later in the

day. Sales of new U.S. single-family homes fell for a

second straight month in January, weighed down by

steep declines in the Northeast and South, which

could raise concerns the housing market is losing

momentum. Slack in the euro zone economy may be

bigger than previously estimated and this could slow

the rise of inflation but only temporarily and prices will

eventually climb, European Central Bank President

Mario Draghi said on Monday.

Market Update (Bullions):

Update

(Base

Gold prices were up for a second day in a row

on the back of a weaker dollar, while investors

awaited U.S. Federal Reserve Chair Jerome

Powell's first congressional testimony for clues

on the future pace of monetary tightening.

Powell's testimony could determine whether the

greenback's recovery from a three-year low that

it hit on Feb. 16 can be sustained. The prospect

of further interest rate increases by the Fed,

more than what the market initially priced in,

has bolstered the dollar in the last few weeks.

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

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27/02/2018

TECHNICAL ANALYST

GOLD

GOLD

OUTLOOK:

TREND: - UP

RESISTANCE: - 30650, 30750.

SUPPORT: - 30450, 30350.

STRATEGY: - BUY ON LOW.

TECHNICAL OUTLOOK

TECHNICAL OUTLOOK

Gold daily chart has formed "Symmetrical triangle” pattern. The last few sessions seems

consolidated but bullish in trend after retesting the channel’s support slope line. The

market is expected to continue in bullish momentum, testing all the way through $1340-

1350(30645-30895) levels in upcoming weeks. Alternatively, if the market breaks below

the key support level at $1325(30270), then sellers might take control over the same.

Resistance holds at $1350(30895).

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

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27/02/2018

OUTLOOK:

SILVER

SILVER

TREND: - DOWN

RESISTANCE: - 38700, 38900.

SUPPORT: - 38300, 38100.

STRATEGY: - BUY ON LOW.

TECHNICAL OUTLOOK

TECHNICAL OUTLOOK

Silver hourly chart has formed “Symmetrical triangle” pattern. The last session ended up

consolidated inside the channel. As per the technical aspects of the pattern, the market is

expected to continue in bullish momentum. The upside rally could test all the way through

38550-38700 levels in the upcoming sessions. Alternatively, if the market breaks below

the key support level at 38400 then it might turn to bearish. The downside rally could test

38200-38100 levels. Resistance holds at 38700.

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

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COPPER

COPPER

OUTLOOK:

TREND: - DOWN

RESISTANCE: - 460.50,463.

SUPPORT: -455.50, 453.

STRATEGY: - SELL ON HIGH.

TECHNICAL OUTLOOK

TECHNICAL OUTLOOK

Copper 4hr chart has formed “Rising wedge” pattern. The last session ended up bearish

near the channel’s support slope line. The market is expected to continue in bearish

momentum, once the same breaks below a key support level holding at 457. The

downside rally could test all the way through 456-454 levels in the upcoming sessions.

Alternatively, if the support holds strong then the market might retest the same and turn

bullish. The upside rally could test 462-465 levels. Resistance holds at 465.

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

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CRUDE OIL

CRUDE OIL

OUTLOOK:

TREND: - UP

RESISTANCE: - 4170, 4200.

SUPPORT: - 4110, 4080.

STRATEGY: BUY ON LOW.

TECHNICAL OUTLOOK

TECHNICAL OUTLOOK

Crude oil 4hr chart has formed “Rising wedge” pattern. The last session ended up bullish

but consolidated near the channel’s resistance slope line. The market is expected to

continue in bullish momentum, once the same breaks above a key resistance level holding

at $64.50(4178). The upside rally could test all the way through $65-66(4210-4275) levels

in the upcoming sessions. Alternatively, if the resistance holds strong then the market might

retest the same and turn bearish. The downside rally could test $63.50-62.50(4113-4048)

levels.

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

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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

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information is the acceptance of this disclaimer.

All Rights Reserved.

Investment in Commodity and equity market has its own risks.

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27/02/2018

We, however, do not Touch for the accuracy or the completeness thereof. we are

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