2017 +
Daily MCX Newsletter 2nd MAR 2017
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Money Maker Research Pvt. Ltd. MARKET WRAP
PRECIOUS METALS: Precious metal prices are expected to trade low as rate hike odds in March increased amid better economic data and hawkish Fed commentary.
ENERGY: Crude oil prices are down on yesterday as record high U.S. crude supplies tempered expectations that the market will rebalance as evidence emerges that OPEC producers are complying with an agreement to cut production.
BASE METALS: Base metals prices are trade range bound for today but are likely to extend gains on better manufacturing data from US and China.
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Money Maker Research Pvt. Ltd. PIVOT LEVELS: GOLD(APR) RESISTANCE2: 29800 RESISTANCE1:29600 SUPPORT1:29200 SUPPORT2:29000 SILVER (MAY) RESISTANCE2:44500 RESISTANCE1:44200 SUPPORT1:43650 SUPPORT2:43350 CRUDE OIL (MAR) RESISTANCE2:3680 RESISTANCE1:3630 SUPPORT1:3530 SUPPORT2:3480 COPPER (APR) RESISTANCE2:412 RESISTANCE1:408 SUPPORT1:400 SUPPORT2:396
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Money Maker Research Pvt. Ltd. CHART OF THE DAY GOLD
CALL BUY: GOLD APR ABOVE 29450 TARGETS 29600/29750 STOP LOSS 29300
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Digitally signed by SHASHANK MISHRA DN: cn=SHASHANK MISHRA, o=MONEY MAKER RESEARCH PVT LTD, ou, email=info@moneymakerfinancial.co m, c=IN Date: 2017.03.02 11:07:03 +05'30'
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