Mcx daily report 08 feb 2017

2017 +

Daily MCX Newsletter 8th FEB 2017

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Money Maker Research Pvt. Ltd. MARKET WRAP

PRECIOUS METALS: Precious metal prices are range bound for the day, easing on a stronger dollar amid political and economic uncertainty in the United States and Europe.

ENERGY: Crude oil prices down yesterday by API weekly report which noted a sharp 14.2 million barrels increase in US crude stocks. China's 2016 oil demand grew at the slowest pace in at least three years raising concerns about demand growth.

BASE METALS: Base metal prices are range bound yesterday due to dollar rose and worries about demand growth in top consumer China. Lending support to the prices is worries of supply disruption after workers at Chile’s Escondido Copper mine decide to initiate strike from Thursday.

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Money Maker Research Pvt. Ltd. PIVOTS LEVEL: GOLD(APR) RESISTANCE2: 29700 RESISTANCE1:29500 SUPPORT1:29100 SUPPORT2:28900 SILVER (MARCH) RESISTANCE2:43200 RESISTANCE1:42800 SUPPORT1:42000 SUPPORT2:41600 CRUDE OIL (FEB) RESISTANCE2:3600 RESISTANCE1:3550 SUPPORT1:3430 SUPPORT2:3380 COPPER (FEB) RESISTANCE2:404 RESISTANCE1:400 SUPPORT1:388 SUPPORT2:384

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Money Maker Research Pvt. Ltd. CHART OF THE DAY CRUDE OIL

CALL SELL : CRUDE OIL FEB BELOW 3470 TARGETS 3420/3370 STOP LOSS 3530

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MISHRA, o=MONEY MAKER RESEARCH PVT LTD, ou, email=info@money makerfinancial.com, c=IN Date: 2017.02.08 11:05:53 +05'30'