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11/07/2017

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11/07/2017

Crude oil futures post modest gains:

Crude oil futures though recovered to end higher on


Monday, but sentiment on oil remained negative as
fears grew that rising output from the United States,
Nigeria and Libya would continue to weigh on Opec
and its allies efforts to rein in supply. Though, OPEC
is expected to insist Libya and Nigeria take part in the
cartel's supply quota plan. The two African nations
have been exempt for the past six months, but
production there has risen more than OPEC
anticipated. Traders were also waiting for mid-week
testimony from Federal Reserve Chair Janet Yellen for
clues about when the Fed will again raise interest
rates.

Copper futures trade lower on


MCX:
Copper futures edged lower on MCX as investors exited
their positions in the industrial metal due to ease in demand
on firmer greenback and rising Treasury yields.

Gold futures edge higher on Monday:

Gold futures ended higher on Monday after nearing


technical support and as traders awaited signals
from central banks on interest rate hikes. Traders
were looking ahead to Wednesday and Thursday,
when US Federal Reserve Chair Janet Yellen will
address Congress.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801
11/07/2017

TECHNICAL ANALYST

GOLD
OUTLOOK:

TREND: - DOWN

RESISTANCE: - 27800, 27900.

SUPPORT: - 27600, 27500.

STRATEGY: - SELL ON HIGH.

TECHNICAL OUTLOOK

Gold was silent to end the day at Rs 27789 per 10 grams. The session of Gold ended with gains of 0.02%. The prices
of Gold tested a high of Rs 27820 per 10 grams. The prices of Gold tested a low of Rs 27603 per 10 grams. Gold is
resisted at Rs 28250 per 10 grams. While supports are at Rs 27500 per 10 grams.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801
11/07/2017

OUTLOOK:
SILVER
TREND: - DOWN

RESISTANCE: - 36300, 36500.

SUPPORT: - 35900, 35700.

STRATEGY: - SELL ON HIGH.

TECHNICAL OUTLOOK

The Prices of silver were gained on Monday. And at end of the day the prices were settled at 36544 per 30 kilogram.
On the higher side Rs 36597 per 30 kilogram as resistances were noted while lows were at Rs 35460 per 30
kilograms as support noted. The metals remain under a volatile zone.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801
11/07/2017

COPPER
OUTLOOK:

TREND: - DOWN

RESISTANCE: - 381,383.50.

SUPPORT: -375, 372.50.

STRATEGY: - SELL ON HIGH.

TECHNICAL OUTLOOK

The prices of copper continue to decline in the session ending Monday. The price of Copper ended at INR 379 per kg.
Copper tested at Rs 380.85 per kg and a low of Rs 376.4 per kg. Copper is getting supports at Rs 375 and 373 per kg
while resistance of Rs 383 per kg has been noted.

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11/07/2017

CRUDE OIL

OUTLOOK:

TREND: - UP

RESISTANCE: - 2910, 2940.

SUPPORT: - 2850, 2820.

STRATEGY: - BUY ON LOW.

TECHNICAL OUTLOOK

The prices of Crude Oil rejuvenated with gains. The prices of Crude Oil were gained by Rs 2876 per barrel. The prices tested a high
of Rs 2893 per barrel and a low of Rs 2822 per barrel. Crude Oil is resisted at Rs 2920 per barrel while the supports for is at crude
oil is at Rs 2750 per barrel.

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11/07/2017

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