Daily Commodity Prediction Report 10.04.2018 by TradeIndia Research

1. 10/04/2018 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

2. 10/04/2018 Market Update (Energy): Crude oil may remain on firm note extending yesterday gains .Crude oil can take support near 4090 as it can test 4150 in MCX. Oil markets added to strong gains from the previous session on Tuesday on hopes that a trade dispute between the United States and China could be resolved without greater damage to the global economy. Yet prices remain within recent ranges as oil markets still face an abundance of supplies that puts pressure on producers to keep their prices competitive in order not to lose market share. Market Metals): Base metals complex may open on firm note as decline in LME inventories and renewed demand to support its prices. Copper may take support near 440 and can move towards 450. Chile's state-owned miner Codelco, the world's biggest copper producer, said on Monday that it has reached a deal on a new collective labour contract with a union of professional workers at its Chuquicamata mine. Market Update (Bullions): Update (Base Bullion counter may open in red tracking profit booking at higher levels and on easing of trade war tensions .Recently concerns about the prospect of an escalation in the China-U.S. trade spat and reports of a poison gas attack in Syria supported the prices. On domestic bourses gold can face resistance near 30900 in MCX and can move lower towards 30500.Meanwhile silver can face resistance near 38750 and can move lower towards 38200. China stepped up its attacks on the Trump administration on Monday over billions of dollars worth of threatened tariffs. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

3. 10/04/2018 TECHNICAL ANALYST GOLD GOLD OUTLOOK: TREND: - DOWN RESISTANCE: - 30800, 30900. SUPPORT: - 30600, 30500. STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Gold daily chart has formed “Rising wedge” pattern. The last few sessions ended up bullish in trend after retesting the channel’s support slope line. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 30800. The upside rally could test all the way through 30900-30950 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 30700-30600 levels. Key support holds at 30600. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

4. 10/04/2018 OUTLOOK: SILVER SILVER TREND: - DOWN RESISTANCE: - 38600, 38800. SUPPORT: - 38200, 38000. STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Silver hourly chart has formed “Ascending broadening wedge” pattern. The last session ended up 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 38650-38800 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 38450 then it might turn bearish once again. Key resistance holds at 38800. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

5. 10/04/2018 COPPER COPPER OUTLOOK: TREND: - DOWN RESISTANCE: - 447.50,450. SUPPORT: -443.50, 441. STRATEGY: - BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Copper daily chart has formed “Falling wedge” pattern. The last session ended up bullish in trend near a key resistance holding at 443. The market indicates a long term bullish momentum, once the same breaks above the key resistance. The upside rally could extend all the way through 448-453 levels in the upcoming sessions. We can also expect a small correction over negative momentum along the way in upcoming weeks. Alternatively, if the market breaks below the major support holding at 425 then it might turn bearish. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

6. 10/04/2018 CRUDE OIL CRUDE OIL OUTLOOK: TREND: - DOWN RESISTANCE: - 4170, 4200. SUPPORT: - 4110, 4080. STRATEGY: BUY ON LOW. TECHNICAL OUTLOOK TECHNICAL OUTLOOK Crude oil 4hr chart has formed “Falling wedge” pattern. The last session ended up bullish in trend near the channel’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 4125. The upside rally could test all the way through 4160-4200-4250 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. Key support holds at 4050. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

7. 10/04/2018 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. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900

8. 10/04/2018 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 anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900