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26 02 2018

26/02/2018

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

26 02 2018 1

26/02/2018

Market Update (Energy):

Crude oil may extend last week gains as it can move in

range of 4080-4160 due to strong compliance of OPEC

countries regarding production cut. Oil prices extended

gains to hit two-week highs on Monday, supported by

comments from Saudi Arabia that it would continue to

curb exports in line with the OPEC-led effort to cut

global supplies. Prices were supported after Saudi

Arabian oil minister Khalid al-Falih on Saturday said the

country's oil production in January-March would be

well below output caps, with exports averaging below 7

million barrels per day (bpd).

Market

Metals): London metals climbed on Monday

bolstered by reports over the weekend that base

metal imports to China surged in January, underlining

the country's healthy demand. China's imports of

copper, nickel and zinc grew strongly in January.

Copper imports rose 13 percent to 314,525 tonnes,

refined nickel imports doubled to 26,691 tonnes and

refined zinc imports surged to 67,111 tonnes, up 287

percent.

Market Update (Bullions):

Update

(Base

Gold prices edged up on early Monday, after

declining more than 1 percent last week, as the

U.S. dollar steadied following recent gains.

Rising U.S. Treasury yields, a view that the

dollar's selloff had been overdone, and minutes

from the Fed's January rate-setting meeting that

offered a relatively upbeat tone helped the dollar

index gain 0.9 percent last week. The U.S.

Federal Reserve, looking past a recent stock

market sell-off and concern about inflation, said

on Friday that it sees steady growth continuing

and no serious risks on the horizon that might

pause its planned pace of rate hikes..

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

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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 $1345-

1350(30755-30880) levels in upcoming weeks. Alternatively, if the market breaks below

the key support level at $1320(30130), then sellers might take control over the same.

Resistance holds at $1350(30880).

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

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OUTLOOK:

SILVER

SILVER

TREND: - DOWN

RESISTANCE: - 38800, 39000.

SUPPORT: - 38400, 38200.

STRATEGY: - BUY ON LOW.

TECHNICAL OUTLOOK

TECHNICAL OUTLOOK

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

retesting the channel’s resistance slope line near 38750. As per the technical aspects of

the pattern, the market is expected to continue in bearish momentum. The downside rally

could test all the way through 38400-38200 levels in the upcoming sessions.

Alternatively, if the market breaks above the resistance level, then it might turn bullish.

The upside rally could test 39000-39500 levels. Support holds at 38200.

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

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COPPER

COPPER

OUTLOOK:

TREND: - DOWN

RESISTANCE: - 462.50,465.

SUPPORT: -457.50, 455.

STRATEGY: - SELL ON HIGH.

TECHNICAL OUTLOOK

TECHNICAL OUTLOOK

Copper daily chart has formed "Inverse head and shoulders” pattern. The last session

seems bearish in trend after retesting the pattern’s neckline resistance level at 465. The

market is expected to continue in bearish momentum, once the same breaks below the

key support level at 454. The downside rally could test all the way through 450-445 levels

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

retest the same and turn bullish once again. The upside rally could test all the way through

460-465.

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

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CRUDE OIL

CRUDE OIL

OUTLOOK:

TREND: - UP

RESISTANCE: - 4160, 4190.

SUPPORT: - 4100, 4070.

STRATEGY: BUY ON LOW.

TECHNICAL OUTLOOK

TECHNICAL OUTLOOK

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

after retesting a key support at $62.50(4042). The market is expected to continue in bullish

momentum, once the same breaks above a key resistance level holding at $64.50(4172).

The upside rally could test all the way through $65-66(4204-4269) 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(4107-4042) 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

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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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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