29/08/2017
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free : 18003157801
29/08/2017
Crude oil futures suffer sharp sell-off on Monday: Crude oil futures suffered sharp sell-off with the start of the new week, as Tropical Storm Harvey continued to disrupt refinery activity along the US Gulf coast, adding to fears of an uptick in crude oil supplies. Weather Service reported that the breadth and intensity of the rainfall was beyond anything experienced before and said that catastrophic flooding is now underway and expected to continue for days. Flooding caused by the storm forced refiners in the Gulf of Mexico region to shutdown.
Copper futures end higher on Monday: Copper futures ended higher on Monday, its highest close since November 2014. Chinese economic strength and supply disruptions have boosted the outlook for copper this summer and many investors looked ahead to economic data out of China later in the week to see whether the recent rally can continue. Meanwhile, London market closed Monday for a public holiday.
Gold futures end higher on weaker dollar: Gold futures ended higher on Monday as the dollar slipped against a basket of major currencies and the euro rose after the head of the European Central Bank (ECB) said that the euro zone's economic recovery had taken hold at a meeting of central bankers. At the meeting in Jackson Hole, Wyoming, the ECB's Mario Draghi said the bank's ultra-loose monetary policy was working and the euro zone's economic recovery had taken hold, refraining from commenting on the euro's recent strength.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free : 18003157801
29/08/2017
TECHNICAL ANALYST
GOLD
OUTLOOK: TREND: - UP RESISTANCE: - 29800, 29900. SUPPORT: - 29600, 29500. STRATEGY: - SELL ON HIGH.
TECHNICAL OUTLOOK
COMEX Gold has hit five month highs above $1300 per ounce today as weakness in US dollar continues to keep the momentum affirmative for the precious metal. US dollar index has plummeted to a 13 month low mark around 92 levels while the Euro/US Dollar pair is at a two and half year high of 1.1930 levels. Gold is quoting around $1302.70 per ounce, up 0.37% on the day. MCX Gold futures are trading at Rs 29251 per 10 grams, up 0.29% on the day after almost testing Rs 29300 levels in intraday moves. The Euro soared after Mario Draghi, president of the European Central Bank noted that significant monetary accommodation is still needed and that inflation is not yet converging to the central bank's target. Janet Yellen, the US Federal Reserve chair delivered a cautious speech that offered little in the way of fresh information about the outlook for monetary policy.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free : 18003157801
29/08/2017
SILVER
OUTLOOK: TREND: - UP RESISTANCE: - 40000, 40200. SUPPORT: - 39700, 39500. 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 39727 per 30 kilogram. On the higher side Rs 39760 per 30 kilogram as resistances were noted while lows were at Rs 39060 per 30 kilograms as support noted. The metals remain under a volatile zone.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free : 18003157801
29/08/2017
COPPER
OUTLOOK: TREND: - UP RESISTANCE: - 435.50,438. SUPPORT: -430.50, 428. STRATEGY: - SELL ON HIGH.
TECHNICAL OUTLOOK Large speculators increased their net positions in the copper futures markets, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures contracts of Copper futures, traded by large speculators and hedge funds, totaled a net position of 40,846 contracts in the data reported through Tuesday August 22nd. This was a weekly surge of 4,017 contracts from the previous week which had a total of 36,829 net contracts. The copper speculative position has now advanced higher for a sixth straight week and to the highest level since February 21st. The commercial traders position, categorized by the CFTC as hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 41,062 contracts on the week. This was a weekly drop of -3,917 contracts.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free : 18003157801
29/08/2017
CRUDE OIL OUTLOOK: TREND: - DOWN RESISTANCE: - 3030, 3060. SUPPORT: - 2970, 2940. STRATEGY: - SELL ON HIGH.
TECHNICAL OUTLOOK Large commodity speculators trimmed their bullish net positions in the WTI Crude Oil futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures contracts of WTI Crude Oil futures, traded by large speculators and hedge funds, totaled a net position of 445,448 contracts in the data reported through Tuesday August 22nd. This was a weekly drop of -18,025 contracts. WTI crude speculators have now reduced their bullish bets for three straight weeks. Meanwhile, the commercial traders position, categorized by the CFTC as hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -455,866 contracts on the week. This was a weekly increase of 17,633 contracts.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free : 18003157801
29/08/2017
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.
301, 3rd Floor, Mangal City, Vijay Nagar, Indore
Toll Free : 18003157801
29/08/2017
All Rights Reserved. Investment in Commodity and equity market has its own risks. 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 : 18003157801