SAI PROFICIENT

RESEARCH
MCX COMMODITY REPORT
DATE- MARCH 30, 2016

INFO@SAIPROFICIENT.COM

+919981999934,

SUPPORT@SAIPROFICIENT.COM

+919755855566

DAILY COMMODITY REPORT

MCX Crude Oil

CRUDE CRASHED
ENERGY OVERVIEW: In the euro zone, Germany is to release preliminary data on
consumer inflation. Later in the day, the U.S. is to release the monthly ADP nonfarm
payrolls report, while the U.S. Energy Information Administration is to release its weekly
report on oil supplies. Crude oil for May delivery on the New York Mercantile Exchange
declined 60 cents, or 1.52%, to trade at $38.79 a barrel by 10.21 GMT after ending the
previous session down 7 cents at $39.39.

Date

Commodity

30-3-2016 CRUDE OIL

WWW.SAIPROFICIENT.COM

Expiry

Open

High

Low

Close

April 19,2016

2619

2628

2588

2611

{DAILY COMMODITY REPORT (March 30, 2016)}

Resistance 2

Resistance 1

Pivot Point

Support 1

Support 2

2680

2641

2609

2575

2530

Recommendation: The above is hourly chart of Crude Oil. The above is hourly chart of
Crude Oil. It suggests that prices are trading in sideways zone. On the downside, it has
immediate support at 2540levels. On the upside, it has immediate resistance at 2690 levels.
Trading Call: Buy around 2628 levels with a stop loss placed below 2585 levels for targets
of 2646 levels.

WWW.SAIPROFICIENT.COM

{DAILY COMMODITY REPORT (March 30, 2016)}

MCX Gold
Gold

bounced high and more likely to go higher

Bullion Overview: In the euro zone, Germany is to release preliminary data on inflation. The
U.S. is to publish the ADP report on private sector jobs creation. Gold for delivery in April fell Rs
72, or 0.25 percent, to Rs 28,386 per 10 grams, in a business turnover of 237 lots at the Multi
Commodity Exchange. In a similar fashion, the metal for delivery in far-month June was trading
down Rs 66, or 0.23 percent, to Rs 28,650 per 10 grams in 34 lots.

Date

Commodity

Expiry

Open

High

Low

30-3-2016

Gold

April 5, 2016

28389

28477

28341

WWW.SAIPROFICIENT.COM

Close
28442

{DAILY COMMODITY REPORT (March 30, 2016)}

Resistance 2

Resistance 1

Pivot Point

Support 1

Support 2

28755

28565

28420

28310

28230

Recommendation: U.S. gold futures for June delivery edged down 0.11% to $1,220.7 an
ounce. On Monday gold fell to a one-month trough of $1,207.83 before recovering to close
higher at $1,221.46. Gold prices fell 0.4 percent to USD 1,217.49 an ounce in Singapore
today. The above is hourly chart of Gold. It suggests that prices are prices are making lower
highs and lows. In today's session it is expected to rebound toward 28665 levels. On another
side, it has immediate support at 28270 levels. Trading Call: Buy around 28420 levels with a
stop loss placed below 28310 levels for target of 28665 levels.

WWW.SAIPROFICIENT.COM

{DAILY COMMODITY REPORT (March 30, 2016)}

COPPER
MCX COPPER CRASHED
Base Metal overview: In the euro zone, Germany is to release preliminary data on
inflation. The U.S. is to publish the ADP report on private sector jobs creation.

Date

Commodity

Expiry

30-3-2016

Copper

29-4-2016

Open
331.50

High

Low

Close

331.50

327.35

330.05

Resistance 2

Resistance 1

Pivot Point

Support 1

Support 2

335.52

333.44

329

327.30

325.60

WWW.SAIPROFICIENT.COM

{DAILY COMMODITY REPORT (March 30, 2016)}

Recommendation: However, prices are expected to trade in sideways zone in short term..
On the downside, immediate support is located at 327.30 and 324 levels. The above is hourly
chart of Copper. It suggests that prices are making lower highs and lows. It is expected to
remain in bearish range. On the upside immediate resistance is located at 333.90 levels.

WWW.SAIPROFICIENT.COM

{DAILY COMMODITY REPORT (March 30, 2016)}

MCX SILVER
In metals trading, U.S. silver futures for May delivery were down
0.46% to $15.12 an ounce

Date

Commodity

Expiry

Open

30-3-2016

SILVER

April 5, 2016 36518

High

Low

Close

36612

36241

36457

Resistance 2

Resistance 1

Pivot Point

Support 1

Support 2

36894

36809

36436

36285

36050

Recommendation: The above is hourly chart of Silver. It suggests that prices are trading in
mixed to firm note. However, it is expected to take support near 36285 levels where cluster of
supports coincides. Further it has support at 36050 levels. On the upside, it has immediate
resistance at 36950 levels. Trading Call: Buy around 36510 levels with a stop loss placed
below 36050 levels for targets of 369500 levels.

WWW.SAIPROFICIENT.COM

{DAILY COMMODITY REPORT (March 30, 2016)}

DISCLAIMER
The information contained here was gathered from sources deemed reliable
however; no claim is made as to accuracy or content. This does not contain specific
recommendations to buy or sell at particular prices or time, nor should any
examples presented be deemed as such. There is a risk of loss in equity trading and
you should carefully consider your financial position before making a trade. This is
not, nor is it intended, to be a complete study of chart patterns or technical analysis
and should not be deemed as such. SAI PROFICIENT INVESTMENT
ADVISORS does not guarantee that such information is accurate or complete and
it should not be relied upon as such. Any opinions expressed reflect judgments at
this date and are subject to change without notice. For use at the sole discretion of
the investor without any liability on Sai Proficient Investment Advisors.

WWW.SAIPROFICIENT.COM

{DAILY COMMODITY REPORT (March 30, 2016)}