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21/06/2017

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801
21/06/2017

Crude oil futures slump to seven year low:


Crude oil futures slumped to a seven-month low on
Tuesday ahead of inventory data, and amid reports
that Nigeria and Libya are ramping up production.
The two most vulnerable OPEC nations are exempt
from the cartel's supply quota deal with Russia. Libya
is currently producing 902,000 barrels a day. Its the
North African countrys highest output in four years.
Sentiment on oil remained negative for the second-
consecutive session, as investors continued to doubt
Opec and its allies efforts to rebalance supply and
demand in the market in the wake of rising global
output.

Copper futures end lower on


firm US dollar:
Copper futures ended lower on Tuesday as the US
dollar was firmer after comments by a Federal
Reserve official that boosted confidence in another US
interest rate rise this year.

Gold futures end lower as


dollar strengthens:

Gold futures ended lower on Tuesday as the dollar


rose following hawkish comments from an influential
US Federal Reserve official and dovish remarks from
the Bank of England governor. New York Fed
President William Dudley said on Monday that labor
market tightness should help drive up inflation,
reinforcing the message that recent weak data was
unlikely to derail plans to keep raising interest rates.

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21/06/2017

TECHNICAL ANALYST

GOLD
OUTLOOK:

TREND: - DOWN

RESISTANCE: - 28750, 28850.

SUPPORT: - 28550, 28450.

STRATEGY: - SELL ON HIGH.

TECHNICAL OUTLOOK

The prices of refined Gold were down 0.09%. The metal tested a high of Rs 28599 per 10 grams and a low of Rs
28487 per 10 grams. The prices are resisted at Rs 28650 and 28700 per 10 grams. The supports on the other hand is
at Rs 28400 and 28300 per 10 grams.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801
21/06/2017

OUTLOOK:
SILVER
TREND: - DOWN

RESISTANCE: - 38400, 34600.

SUPPORT: - 38000, 37800.

STRATEGY: - SELL ON HIGH.

TECHNICAL OUTLOOK

The Prices of silver were down on Monday. And at end of the day the prices were settled at 39721 per 30 kilogram.
On the higher side Rs 39150 per 30 kilogram as resistances were noted while lows were at Rs 3855 per 30 kilograms
as support noted. The metals remain under a volatile zone.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801
21/06/2017

COPPER
OUTLOOK:

TREND: - DOWN

RESISTANCE: - 369.50,372.

SUPPORT: -362.50, 360.

STRATEGY: - SELL ON HIGH.

TECHNICAL OUTLOOK

The prices of Copper were down 0.92% to Rs 365.5 per kg. The prices have been moving in a range of Rs 360 and
380 per kg. The prices are resisted at Rs 370 per kg while supports are active at Rs 358 per kg. The prices tested a
high of Rs 369.15 per kg and a low of Rs 363.7 per kg.

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21/06/2017

CRUDE OIL

OUTLOOK:

TREND: - DOWN

RESISTANCE: - 2850, 2880.

SUPPORT: - 2790, 2760.

STRATEGY: - SELL ON HIGH.

TECHNICAL OUTLOOK

The Crude Oil prices declined by 2.69% to end the trades at Rs 2818 per kg. The prices tested a high of Rs 2892 per
barrel and a low of Rs 2791 per barrel. Resistance for Crude Oil is at Rs 2850 and 2870 per barrel while Supports are
active at Rs 2780 per barrel.

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21/06/2017

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