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

You might also like

Download as pdf or txt
Download as pdf or txt
You are on page 1of 8

28/11/2017

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900
28/11/2017

Crude oil futures snap their gaining streak:


Crude oil futures snapping their
gaining streak ended lower on
Tuesday, as uncertainty concerning
Russias willingness to extend output
curbs beyond March ahead of the
OPEC meeting this week weighed on
sentiment. Russia is said to be on
board with extending the supply
quota plan through 2018, but is
pushing for OPEC assurances that all
members of the cartel will comply
with the plan.

Copper futures decline on


weak demand:
Copper futures declined on MCX as
participants cut down their bets amid
weak demand from consuming
industries at the spot market.
However, a firming trend at the
London Metal exchange (LME)
capped some losses in copper
futures.

Gold futures edge higher on MCX:


Gold futures edged higher on MCX
as investors looked ahead to a
busy week of Federal Reserve
speakers for fresh clues on the
likely trajectory of monetary policy.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900
28/11/2017

TECHNICAL ANALYST

GOLD
OUTLOOK:

TREND: - UP

RESISTANCE: - 29550, 29650.

SUPPORT: - 29350, 29250.

STRATEGY: - BUY ON LOW.

TECHNICAL OUTLOOK

Gold 4H chart seems to be continuing in the same Ascending broadening wedge. The
last market session has successfully broken the previous resistance level on bullish
momentum as expected. The upcoming market session is expected to rally further with
bullish momentum towards $1296(29460) where a strong resistance is holding now.
Long-term support holds at $1288(29260).

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900
28/11/2017

OUTLOOK:
SILVER
TREND: - UP

RESISTANCE: - 39420, 39620.

SUPPORT: - 39020, 38820.

STRATEGY: - BUY ON LOW.

TECHNICAL OUTLOOK

Silver hourly chart has taken the formation of Falling wedge pattern. The last session
market has ended up successfully bearish as per the technical pattern by retesting the
channels resistance line. Market is expected to rally on bearish trend and sell will be
confirmed once the same breaks below the support holding at 39200. Resistance holds at
39430.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900
28/11/2017

COPPER
OUTLOOK:

TREND: - UP

RESISTANCE: - 444.50,447.

SUPPORT: -438.50, 435.

STRATEGY: - BUY ON LOW.

TECHNICAL OUTLOOK

Copper 4hour chart bearish candle is in an downtrend Copper swing trading in between
441-444 If it breaks and closes below the support, further downside rally can be expected
towards 437.50 . Alternatively, if it breaks higher the resistance and closes above 444, a
further upside rally can be expected up to 450.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900
28/11/2017

CRUDE OIL
OUTLOOK:

TREND: - UP

RESISTANCE: - 3760, 3790.

SUPPORT: - 3700, 3670.

STRATEGY: - BOY ON LOW.

TECHNICAL OUTLOOK

The daily chart of Crude Oil future market seems to be continuing in the same Rising
wedge pattern. The Last market session seems successfully bearish as the retest was
successful on channels resistance level which triggered the same as expected in last
report. The market is likely to continue on bearish momentum as per the technical pattern
and sell signal will be confirmed once the same breaks below the support level holding at
$57.50(3712). The rally might extend towards $57-56.50(3680-3647) levels. Resistance
holds at $59(3808).

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900
28/11/2017
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.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900
28/11/2017

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
Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward
or share our calls or SMS or Report or Any Information Provided by us to/with
anyone which is received directly or indirectly by them. If found so then Serious
Legal Actions can be taken.

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

You might also like