02 nd MAY Gold Silver Copper Zinc Lead Aluminium Nickel Crude Oil Natural Gas. Bullion. Base Metal. Energy. Soya Been. Agro.

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1 02 nd MAY 2018 Bullion Base Metal Energy Agro Gold Silver Copper Zinc Lead Aluminium Nickel Crude Oil Natural Gas Soya Been Coriander

2 MCX Gold closed down on Tuesday, The recent solid rally in the U.S. dollar index, which hit a nearly four-month high overnight, continues to squelch demand in the precious metals markets. On the daily chart, price has taken a support of rising trend line, which indicate reversal in price. In addition, price has sustained above 200 days SMA ;which intimate medium term trend remains bullish. Therefore, we expect positive movement in the gold towards MCX Silver price closed down on Tuesday. On a daily Chart, price has taken a support of lower Bollinger band, which indicate reversal in price. In addition, price has sustained above 200 days SMA ; which intimate medium term trend remains bullish. price has taken a support of rising trend line, which indicate reversal in price. Therefore, we expect positive movement in silver towards Gold June Silver May Bullish 31050/ Bullish 39400/ Gold Silver

3 MCX Copper prices closed down on Tuesday, due to worries about demand from top consumer China and a higher dollar ahead of a monetary policy decision from the U.S. Federal Reserve. In addition, Price has sustained above Ichimoku Cloud where TenkanSen has crossed KijunSen, which reinforce bullish signals for near term. On the other hand, price has taken a support of lower Bollinger band, which indicate reversal in price. Therefore, we expect positive movement in the Copper towards 454. MCX Lead prices closed flat on Tuesday. On the daily chart, price has been trading between two consecutive trendline and struggling within a range bound momentum; where it is unable to break upper range of Rs level while on downside Rs. 151 level; which indicate a sideways move in the price. Therefore, based on the above technical picture we recommend short term sideways trend in MCX Lead. Copper June Lead May Bullish 454/ Sideways to Bearish 152/ Copper ZINC

4 Crude Oil prices closed down on Tuesday, with the likelihood of imposing US sanctions on Iran, along with the Organization of the Petroleum Exporting Countries (OPEC) production cut agreement which has been in effect. In addition, price has retreated form upper band of Bollinger Pattern on daily chart, Which indicate further downtrend in the counter. A momentum indicator RSI (14) and MACD traded on bearish mode with negative crossover. So based on the above analysis we expect bearish movement in the price for upcoming day. Natural gas prices closed up on Tuesday, On the daily chart, price has taken a support of middle Bollinger band, which indicate reversal in price. In addition, price has sustained above 21 days SMA ; which intimate medium term trend remains bullishness. Moreover, On a 4 Hour Chart, Price has sustained above Ichimoku Cloud ; which reinforce bullish signals for near term. So based on the above technical studies, we expect bullish move in MCX Natural Gas prices. Crude Oil May Natural Gas May 4485 Bearish 4420/ Bullish 193/ Crude Natural Gas

5 NCDEX Soya Bean prices closed flat on Monday. On the daily chart, price has given ascending channel breakout, which intimate medium term trend remains bearish. In addition, price has break lower Bollinger band, Which indicate further downtrend in the counter. Moreover, price has sustained below 50 days SMA ; which intimate medium term trend remains bearish. so based on the above technical structure, we expect bearishness in NCDEX Soya Been for upcoming days. NCDEX Coriander closed down on Monday. On the weekly chart, price has retreated form middle band of Bollinger Pattern, Which indicate further downtrend in the counter. In addition, price has sustained below 50 days SMA ; which intimate medium term trend remains bearish. Moreover, price has given rising trend line breakout, Which indicate further downtrend in the counter. so based on the above technical structure, we expect bearishness in coriander seed for upcoming days. Soya Bean May Coriander May 3669 Bearish 3560/ Bearish 4550/ Soya Bean Coriander

6 Gold Silver Crude Oil WTI Brent Crude Oil Natural Gas USD / INR Dollar Index EUR / USD CRB Index* Copper 6745 Aluminum 2260 Zinc 3052 Lead 2293 Nickel Copper Aluminum Zinc Lead :45pm US ADP Non-Farm Employment Change 200K 241K 8:00pm US Crude Oil Inventories 1.0M 2.2M 11:30pm US FOMC Statement :30pm US Federal Funds Rate <1.75% <1.75%

7 PIVOT TABLE S3 S2 S1 Pivot R1 R2 R3 Copper Aluminum Lead Nickel Zinc RM Seed Soybean RSO Jeera Chana Guarseed Dhaniya Castor Turmeric

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