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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.

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Presentation Transcript
22 02 2018

22/02/2018

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

22 02 2018 1

22/02/2018

Market Update (Energy):

Crude oil may open lower tracking weak international

markets as it may move in range of 4000-4070. Oil

prices fell on Wednesday, weighed down as the U.S.

dollar moved further away from three-year lows hit last

week. Traders said the declines were driven by a

recovery in the dollar, which potentially hits fuel

demand as it makes greenbackdenominated oil imports

more expensive for countries using other currencies at

home. Overall, however, oil markets remain well

supported due to healthy demand-growth and supply

restraint by the Organization of the Petroleum

Exporting Countries (OPEC).

Market

Metals): London copper futures edged lower

on Wednesday as the dollar held near one-week highs

versus a basket of currencies, with trading volumes in

Asia staying lean as Chinese markets remained shut for

the Lunar New Year break. Chinese markets are set to

reopen on Thursday after a week-long Spring Festival

holiday. China's steel producers are eager to unleash

their mills' capacity when this winter's output curbs

end next month.

Market Update (Bullions):

Update

(Base

Gold extended its fall on Wednesday as the

dollar remained strong on rising treasury yields,

while investors awaited the minutes of the U.S.

Federal Reserve's last policy meeting for cues

on the pace of interest rate hikes this year. The

Fed will release the minutes of its Jan. 30-31

policy meeting on Wednesday. The meeting was

held during last month's drop in equity markets

and investors are interested in its response to the

market gyrations as well as the rate outlook.

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

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TECHNICAL ANALYST

GOLD

GOLD

OUTLOOK:

TREND: - DOWN

RESISTANCE: - 30600, 30700.

SUPPORT: - 30400, 30300.

STRATEGY: - BUY ON LOW.

TECHNICAL OUTLOOK

TECHNICAL OUTLOOK

Gold daily chart has formed "Ascending broadening wedge” pattern. The last few

sessions been bearish in trend after retesting a resistance slope trend line inside the

channel. As per the technical aspects of the pattern, a long-term bullish momentum is

indicated in the upcoming session as the 50-day moving average crossovers the 100-day

moving average in the technical chart. The market is expected to retest a key support at

$1320(30240) and turn bullish. The upside rally could test $1340-1350(30740-30990)

levels in upcoming weeks. Alternatively, if the market breaks below the key support, then

sellers might take control over the same. Resistance holds at $1350(30990).

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

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22/02/2018

OUTLOOK:

SILVER

SILVER

TREND: - DOWN

RESISTANCE: - 38850, 39050.

SUPPORT: - 38250, 37950.

STRATEGY: - BUY ON LOW.

TECHNICAL OUTLOOK

TECHNICAL OUTLOOK

Silver hourly chart has formed “Symmetrical triangle” 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 at 38300. The

downside rally could test all the way through 38100-37800 levels in the upcoming

sessions. Alternatively, if the market breaks above the resistance level holding at 38600,

then it might turn bullish.

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

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22/02/2018

COPPER

COPPER

OUTLOOK:

TREND: - DOWN

RESISTANCE: - 457.50,460.

SUPPORT: -452.50, 450.

STRATEGY: - SELL ON HIGH.

TECHNICAL OUTLOOK

TECHNICAL OUTLOOK

Copper daily chart has formed "Megaphone chart” pattern. The last session ended up

bullish near the channel’s resistance slope line. The market is expected to continue in

bullish momentum, once the same breaks above the key resistance level holding at 462.

The upside rally could test 465-470 levels in upcoming sessions. Alternatively, if the

resistance holds strong then the market might retest the same and turn bearish. The

downside rally could test 455-450 levels. Support holds at 450.

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

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22/02/2018

CRUDE OIL

CRUDE OIL

OUTLOOK:

TREND: - UP

RESISTANCE: - 4005, 4035.

SUPPORT: - 3940, 3910.

STRATEGY: BUY ON LOW.

TECHNICAL OUTLOOK

TECHNICAL OUTLOOK

Crude Oil 4hr chart has formed "Descending triangle” pattern along with a long-term

“Descending broadening wedge” pattern. The last session ended up bearish near the

triangle’s support level at $61(3970). As per the technical aspects of the pattern, the market

is expected to give a correction over positive momentum to retest the triangle’s resistance

slope line and then turn bearish. The downside rally could test all the way through $60-

59(3905-3840) levels in the upcoming sessions. Alternatively, if the market breaks above

the resistance level at $62.50(4068) then buyers might take control over the same.

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

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22/02/2018

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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22/02/2018

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

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