Daily commodoty report 13 09 2017

13/09/2017

301, 3rd Floor, Mangal City, Vijay Nagar, Indore

Toll Free: 18003157801

13/09/2017

Crude recovers from early lows to end high on Opec report: Crude oil futures recovering from early lows settled higher on Tuesday, after a report showed Opec output fell in August. Opec said production in August fell by 79,000 barrels a day (bpd) to 32.76 million as falling production from Venezuela, Iraq, the UAE and Saudi Arabia offset rising output from Nigeria. The report also highlighted a dip in non-Opec output, after several refineries along the Gulf Coast shut down as Hurricane Harvey tore through the U.S. oil heartland of Texas in August. However, gains were capped as investors braced for U.S. crude inventory due data expected to show a large build in stockpiles.

Copper futures end lower on Tuesday: Comex copper futures ended lower on Tuesday, while London copper prices too fell as funds cut bets on higher prices, inventories in London Metal Exchange warehouses jumped and the dollar steadied at higher levels.

Gold futures end lower on Tuesday: Gold futures ended lower on Tuesday as easing US-North Korea tensions fuelled demand for riskier assets lifting global stocks to record highs for a second straight day.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore

Toll Free: 18003157801

13/09/2017

TECHNICAL ANALYST

GOLD

OUTLOOK: TREND: - UP RESISTANCE: - 30100, 30200.

SUPPORT: - 29900, 29800.

STRATEGY: - SELL ON HIGH.

TECHNICAL OUTLOOK

The contract for October delivery was trading at Rs 29848.00, down by 0.28% or Rs 85.00 from its previous closing of Rs 29933.00. The open interest of the contract stood at 6932 lots. Gold futures for December delivery declined $3, or 0.2 percent, to settle at $1,332.70 an ounce on the Comex division of the New York Mercantile. While, spot gold was up 0.3 percent at $1,330.68 an ounce.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore

Toll Free: 18003157801

13/09/2017

SILVER

OUTLOOK: TREND: - UP RESISTANCE: - 41350, 41500.

SUPPORT: - 41000, 40800.

STRATEGY: - SELL ON HIGH.

TECHNICAL OUTLOOK The Prices of silver were down on Tuesday. And at end of the day the prices were settled at 41216 per 30 kilogram.

On the higher side Rs 41590 per 30 kilogram as resistances were noted while lows were at Rs 40964 per 30 kilograms as support noted. The metals remain under a volatile zone.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore

Toll Free: 18003157801

13/09/2017

COPPER

OUTLOOK: TREND: - UP RESISTANCE: - 432.50,435.

SUPPORT: -426.50, 424.

STRATEGY: - SELL ON HIGH.

TECHNICAL OUTLOOK Copper futures for December delivery fell 1 percent to settle at $3.036 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange ended down 1.2 percent at $6,668 a metric ton.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore

Toll Free: 18003157801

13/09/2017

CRUDE OIL OUTLOOK: TREND: - DOWN RESISTANCE: - 3120, 3150.

SUPPORT: - 3060, 3030.

STRATEGY: - SELL ON HIGH.

TECHNICAL OUTLOOK The contract for September delivery was trading at Rs 3063.00, down by 0.33% or Rs 10.00 from its previous closing of Rs 3073.00. The open interest of the contract stood at 18694 lots. Benchmark crude oil futures for October delivery rose 16 cents to settle at $48.23 a barrel on the New York Mercantile Exchange. Brent crude for October delivery rose 39 cents to $54.23 a barrel on the ICE.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore

Toll Free: 18003157801

13/09/2017

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

13/09/2017

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