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DAILY-COMMODITY-REPORT-BY-RIPPLES-ADVISORY-MAY-9TH-2017


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    1. BULLIONS WEEKLY TECHNICAL LEVELS Daily Commodity News letter 9th May 2017 Tracking Market Commodity News Energy Oil gives up earlier gains as rising US output, China concerns weigh Oil prices gave up earlier gains on Tuesday, as concerns over slowing demand and a relentless rise in U.S. crude output undermined the impact of hopes that OPEC-led production cuts could be extended. Bullions Gold gains in Asia on Fed views, trade cautious Gold prices edged up in Asia on Tuesday in light trade with investors cautious ahead of a widely expected Fed rate hike in June and prospects for a stronger dollar. Currency Euro off 6-month high but supported on brightening outlook in Europe The euro pulled back from recent six-month highs on Tuesday, but remained well- supported as fading worries over political populism and signs of improving economic conditions in Europe bolstered investor confidence. Base Metals London copper edges up after losses on worries over China demand London copper inched up on Tuesday after sharp overnight losses on fresh signs of a slowdown in Chinese demand. Agri Commodity Soyameal exports rise to 1.11 lakh tonnes in April India’s soyameal exports rose to 1.11 lakh tonnes in April on continued strong demand from countries such as Bangladesh and France. 84% of Coonoor tea sold With producers sacrificing the prices to dip to an average of Rs 87.93 a kg- the lowest since 2015- as much as 84 per cent of 18.70 lakh kg could be absorbed at Sale No: 18 of Coonoor Tea Trade Association auctions. MAY 9/2017 Close AbsChange GOLD 28091 +19 SILVER 38011 -7 CRUDE OIL 2980 +11 NATURAL GAS 204.20 -6 COPPER 356.65 -4.80 NICKEL 589.70 0.00 LEAD 139.80 -0.65 ZINC 166.85 +0.15 ALUMINIUM 120.90 -1.15 $ / Re. 64.30 -0.06 Light Sweet Crude Oil 46.50 +0.03 Gold $ / OZ- 1226.20 -2.20 Silver $ / OZ- 16.23 -0.11 Call @ +91-9039089381 Email : info@ripplesadvisory.com

    2. BULLIONS WEEKLY TECHNICAL LEVELS PIVOT TABLES SCRIP S2 S1 R1 R2 STRATEGY SELL ON RISE GOLD 27967 28029 28195 28299 SELL ON RISE SILVER 37714 37865 38225 38468 BUY ON DIPS CRUDE OIL 2914 2947 3014 3048 BUY ON DIPS NATURALGAS 197.90 201.30 208.50 212.80 BUY ON DIPS COPPER 351.45 354.50 359.20 361.55 BUY ON DIPS NICKEL 576.70 583.50 594.20 598.80 BUY ON DIPS LEAD 137.90 138.85 140.35 140.90 BUY ON DIPS ZINC 162.55 164.70 168.05 169.20 BUY ON DIPS ALUMINIUM 119.60 120.25 121.80 122.70 Call @ +91-9039089381 Email : info@ripplesadvisory.com

    3. BULLIONS WEEKLY TECHNICAL LEVELS CALL OF THE DAY BUY ZINC ABOVE 167.50 TGT 169/172 SL BELOW 165 Call @ +91-9039089381 Email : info@ripplesadvisory.com

    4. BULLIONS WEEKLY TECHNICAL LEVELS 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. Entering our site means that you have read, understood and agreed to everything that is written and implied in this disclaimer note. RESEARCH is published solely for informational purposes and must in no way be construed as investment advice for a specific individual. The information and views in this web-site & all the services 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. Investment in equity shares, futures, options and commodities has its own risks. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and on sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred due to it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above. Call @ +91-9039089381 Email : info@ripplesadvisory.com