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301, 3 Floor, Mangal City, Vijay Nagar, Indore Toll Free: 18003157801
301, 3 Floor, Mangal City, Vijay Nagar, Indore Toll Free: 18003157801
301, 3 Floor, Mangal City, Vijay Nagar, Indore Toll Free: 18003157801
301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 18003157801
27/10/2017
301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 18003157801
27/10/2017
TECHNICAL ANALYST
GOLD
OUTLOOK:
TREND: - DOWN
TECHNICAL OUTLOOK
COMEX Gold futures slipped near three week low yesterday as the US dollar soared following rather tepid comments
from European Central Bank (ECB) President Mario Draghi following the central bank's monetary policy decision
Thursday. The ECB decided Thursday to cut the level of bonds it purchases every month, but extend the length of
time that its stimulus program runs. Its purchases will fall to 30 billion euros ($35 billion) from 60 billion euros,
starting in January. The central bank said it will extend its monetary stimulus program until at last September of next
year.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 18003157801
27/10/2017
OUTLOOK:
SILVER
TREND: - DOWN
TECHNICAL OUTLOOK
The Prices of silver were down on Tuesday. And at end of the day the prices were settled at 39272 per 30 kilogram.
On the higher side Rs 39670 per 30 kilogram as resistances were noted while lows were at Rs 39231 per 30
kilograms as support noted. The metals remain under a volatile zone.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 18003157801
27/10/2017
COPPER
OUTLOOK:
TREND: - DOWN
RESISTANCE: - 455,457.50.
TECHNICAL OUTLOOK
COMEX Copper eased today as a drop from three and half year highs extended on profit selling. Strength in US dollar
is emerging as a key theme for weakness in metals as traders took profits after massive surge in copper in last few
weeks. US dollar soared to three month high around 95 mark and COMEX Copper is off 0.85% right now to trade at
$3.15 per pound. MCX Copper has already eased under the Rs 460 threshold amid a highly overbought market and can
see some further selling ahead of weekend today.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 18003157801
27/10/2017
CRUDE OIL
OUTLOOK:
TREND: - UP
TECHNICAL OUTLOOK
WTI Crude stayed supported around their one month high above $52 despite massive dollar strength and mixed US
equities as the US EIA noted that Gulf Coast refinery runs are approaching levels seen prior to Hurricane Harvey. For
the week ending October 20, 2017, gross inputs to petroleum refineries in the US Gulf Coast averaged 8.8 million
barrels per day (b/d), or about 324,000 b/d higher than the previous five-year range for mid-October, based on data
in EIAs Weekly Petroleum Status Report (WPSR). Gross inputs, also referred to as refinery runs, in the Gulf Coast had
been higher than the five-year range for much of 2017 until Hurricane Harvey made landfall in the Houston, Texas,
area on August 25.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 18003157801
27/10/2017
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301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 18003157801
27/10/2017
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301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 18003157801