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19 02 2018

19/02/2018

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

19 02 2018 1

19/02/2018

Market Update (Energy):

Crude oil may open in green continuing last week

recovery as it can move in range of 3950-4020. Oil

prices extended gains to hit their highest level in nearly

two weeks on Monday, buoyed as Asian shares joined a

global recovery in equity markets and by worries over

tensions in the Middle East. Prime Minister Benjamin

Netanyahu said on Sunday that Israel could act against

Iran itself, not just its allies in the Middle East, after

border incidents in Syria brought the Middle East foes

closer to direct confrontation.

Market

Metals): London metals started the week lower

on Monday as a resurgent dollar dragged down prices

from one-month highs hit the session before and the

Lunar New Year holidays reduced liquidity. Hedge

funds and money managers cut their net long

positions in COMEX copper contracts in the week to

Feb. 13, U.S. Commodity Futures Trading Commission

(CFTC) data showed on Friday. Comex copper stocks

have doubled from this time last year to more than

225,000 tonnes. LME stocks were also at nine-month

highs, due to inflows earlier this month.

Market Update (Bullions):

Update

(Base

Bullion counter may witness some profit

booking at higher levels as movement of

greenback to give further direction to the prices.

US markets closed today for president day

holiday. Physical gold was sold at a discount in

India last week for the first time in three weeks

as demand for the metal slumped due to a jump

in local rates, while the Lunar New Year

holiday capped buying at the end of the week

elsewhere in Asia. SPDR Gold Trust, the

world's largest gold-backed exchange-traded

fund, said its holdings rose to 824.54 tonnes on

Friday from 821.30 tonnes on Thursday.

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

19 02 2018 2

19/02/2018

TECHNICAL ANALYST

GOLD

GOLD

OUTLOOK:

TREND: - UP

RESISTANCE: - 30850, 30950.

SUPPORT: - 30650, 30550.

STRATEGY: - BUY ON LOW.

TECHNICAL OUTLOOK

TECHNICAL OUTLOOK

Gold 4hr chart has formed "Descending channel” pattern. The last session seems

consolidated and have retested a key support level at $1347(30700) as the prices have

already broken out the pattern itself. The market is expected to continue in bullish

momentum. The upside rally could test $1358-1364(30975-31125) levels in upcoming

sessions. Alternatively, if the market breaks below the support then it might turn bearish

once again. Major Resistance holds at $1364(31125).

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

19 02 2018 3

19/02/2018

OUTLOOK:

SILVER

SILVER

TREND: - UP

RESISTANCE: - 38800, 39000.

SUPPORT: - 38400, 38200.

STRATEGY: - BUY ON LOW.

TECHNICAL OUTLOOK

TECHNICAL OUTLOOK

Silver daily chart has formed “Falling wedge” pattern. The last few sessions ended up

consolidated after breaking out the channel’s resistance slope line itself. The market is

expected to continue in bullish momentum after retesting the support level at 38500. The

upside rally could test all the way through 39000-39500 levels in the upcoming sessions.

Alternatively, if market breaks below the support level then it might continue in bearish

momentum. The downside rally could test 38300-38000 levels. Resistance holds at

39500.

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

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19/02/2018

COPPER

COPPER

OUTLOOK:

TREND: - UP

RESISTANCE: - 463.50,466

SUPPORT: -458.50, 456.

STRATEGY: - BUY ON LOW.

TECHNICAL OUTLOOK

TECHNICAL OUTLOOK

Copper daily chart has formed "Megaphone chart” pattern. The last few sessions been

strongly bullish in trend as the prices have already broken out the channel’s resistance

slope line itself. The market is expected to continue in bullish momentum, testing all the

way through 465-470 levels in the upcoming sessions. Alternatively, if the market breaks

below the previous resistance which is now support at 458, then it might turn bearish. Key

resistance holds at 470.

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

19 02 2018 5

19/02/2018

CRUDE OIL

CRUDE OIL

OUTLOOK:

TREND: - UP

RESISTANCE: - 4060, 4090.

SUPPORT: - 4000, 3970.

STRATEGY: BUY ON LOW.

TECHNICAL OUTLOOK

TECHNICAL OUTLOOK

Crude Oil hourly chart has formed "Ascending triangle” pattern. The last session seems

strongly bullish in trend as the prices have broken out the channel’s resistance line. The

market is expected to continue in the same trend, testing all the way through $63-64(4060-

4124) levels in the upcoming weeks. Alternatively, if the market breaks below the previous

resistance which is now support level at $61.50(3963), then it might turn bearish once

again. Resistance holds at $64(4124).

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

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19/02/2018

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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19 02 2018 7

19/02/2018

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

purport to be an invitation or an offer to buy or sell any financial instrument. Our

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