23/01/2018

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900
23/01/2018

Market Update (Energy):

Crude oil may remain on positive path as it may
move in range of 4000-4080. Oil settled higher on
Monday after dollar fluctuations and the restart of
some Libyan oil fields caused the market to
vacillate, with prices testing lower before rallying
to levels just below three-year highs. The dollar
index, which measures the greenback against six
rival currencies retreated to near a three-year low,
but pared losses as the U.S. government shutdown
appeared poised to end. The index drifted lower
again late in the session, weighing on crude a
second time.
.
Market Update (Base
Metals): China's refined copper output jumped
by 16.7 percent year on year to a record high in
December, as smelters looked to churn out as much
metal as possible ahead of a fall in treatment charges
for copper concentrate. The world's biggest copper
consumer produced 865,000 tonnes of refined copper
last month, beating the previous high of 833,000
tonnes set in December 2014, according to data from
the National Bureau of Statistics released on Monday.
Market Update (Bullions):
Gold prices held steady on Tuesday, as the
dollar pared some losses but remained near a 3-
year low amid a surge in global equities after a
U.S. government shutdown came to an end.
Congress voted on Monday to end a threeday
US government shutdown, approving another
short-term funding bill as Democrats accepted
promises from Republicans for a broad debate
later on the future of young illegal immigrants.
Market participants await the outcome of the
European Central Bank's meeting on Thursday
for possible clues to future shifts in the bank's
monetary policy.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900
 23/01/2018

TECHNICAL ANALYST

GOLD
OUTLOOK:

TREND: - UP

RESISTANCE: - 30000, 30100.

SUPPORT: - 29800, 29700.

STRATEGY: - BUY ON LOW.

TECHNICAL OUTLOOK

Gold 4Hr chart has formed "Rising channel” pattern. The last few sessions seems
consolidated inside the channel near its support slope line. The market has already
retested the support level of the channel near $1330(29765) and turned bullish. The
same is expected to continue on bullish momentum, testing all the way through $1340-
1345(30015-30140) levels in the upcoming sessions. Alternatively, if the market breaks
below the support then seller might take control over the market. The downside rally
could test $1325-1320(29640-29515) levels. Resistance holds at $1345(30140).

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900
 23/01/2018

OUTLOOK:
SILVER
TREND: - UP

RESISTANCE: - 39250, 39450.

SUPPORT: - 38850, 38650.

STRATEGY: - BUY ON LOW.

TECHNICAL OUTLOOK

Silver daily chart continues in "Broadening top chart” pattern along with a long-term
“Inverse head & shoulders” pattern. The last few sessions seems consolidated but
bearish in overall momentum. The market is expected to continue in bearish momentum,
testing all the way through 38600-38300 levels in the upcoming sessions. Alternatively,
once market reaches the support level then it might turn bullish once again. Resistance
holds at 39500 and long-term support at 38300.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900
 23/01/2018

COPPER
OUTLOOK:

TREND: - DOWN

RESISTANCE: - 455.50,458.

SUPPORT: -450.50, 448.

STRATEGY: - BUY ON LOW.

TECHNICAL OUTLOOK

Copper daily chart has formed "Bullish pennant chart” pattern. The last few sessions
seems consolidated but bearish in trend. The market is expected continue in the same
trend with a small correction along positive momentum testing all the way through 450-447
levels in the upcoming sessions. Alternatively, if the market breaks above the resistance
slope line of the channel then it might continue in bullish. Resistance holds at 455.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900
 23/01/2018

CRUDE OIL

OUTLOOK:

TREND: - UP

RESISTANCE: - 4110, 4140.

SUPPORT: - 4070, 4040.

STRATEGY: - BUY ON LOW.

TECHNICAL OUTLOOK

Crude Oil 4Hr chart has formed "Ascending broadening wedge” pattern. The last few
sessions seems consolidated inside the channel near its support slope line. As the
resistance and support meets out in a “symmetrical triangle” like pattern, where the market
seems to be near the tip of the same, we can expect the acquisition of both the positive and
negative trends in the upcoming sessions. If the market breaks above the slope resistance
trend line then buy signal will be confirmed, the upside rally could test $64.50-65(4117-
4150) levels in the upcoming sessions. Alternatively, if the market breaks below the support
then seller might take control over the market. The downside rally could test $63-
62.50(4021-3989) levels. Resistance holds at $65(4150) and support at $63.50(4053).

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900
23/01/2018
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.

All Rights Reserved.

Investment in Commodity and equity market has its own risks.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 9009010900
23/01/2018

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: 9009010900