COMMODITY WEEKLY REPORT 9 TO 13 JAN. 2017

COMMODITY WEEKLY REPORT 9 TO 13 JAN. 2017 COMMODITY WEEKLY REPORT 9 TO 13 JAN. 2017 Trade House 426 Alok Nagar, Kanadia Main Road Near Bangali Sequar Indore-452001 (M.P.) India Mobile :+91-9039261444 E-mail: info@tradenivesh.in Telephone :+91-731-698.3000

GOLD (FEB) MCX DAILY CHART FUNDAMENTAL VIEW:- Gold rises on Trump uncertainty, Brexit concerns :-Gold rose in previous week, buoyed by safe-haven demand due to uncertainty over U.S. policy ahead of President-elect Donald Trump's inauguration and amid concerns over Britain's exit from the European Union TECHNICAL VIEW:- MCX Gold is highly positive and broke its importance resistance level of 28200. Gold prices are trading above its Sixth week high which is showing further strength on it. If Gold is manages its 28500 level it may find out next resistance level of 28900. On down ward side it is taking support of its trend line, if it breaks the support level of 28200 then again it will drag down towards the support of 28000. BUY GOLD (FEB) ON DIPS 28300-28350TGT 28500,28700 SL BELOW 28000 WEEKLY SUPPORT AND RESISTANCE :- GOLD 28280 28130 27700 27550 27100 26960 26530

SILVER (MAR) MCX DAILY CHART FUNDAMENTAL VIEW:- Silver dips on weak global cues :- In previous week silver participants engaged in trimming their positions taking weak cues from global market. Market men attributed the fall in silver prices at futures trade to a weak trend in the precious metals overseas and profit-booking by participants at existing levels. TECHNICAL VIEW:-MCX Silver was sideways to bullish in last week and not able to break its major resistance level of 41500. Now for upcoming sessions if it manages above its resistance of 41500 then it may test next level around 42500. On the down ward side it is taking support of its trend line if it break s the prices then it may be able to pull towards the next support around 40100 SELL SILVER(MAR) ON RISE 41800 TGT 41200, 40600 SL ABOVE 42500 WEEKLY SUPPORT AND RESISTANCE :- SILVER 41680 41180 40000 39500 38330 38/830 36670

CRUDE OIL MCX (JAN) ON DAILY CHART FUNDAMENTAL VIEW: Oil prices edge up on weaker dollar, expected crude output cuts:- Oil prices declined in previous week, by a weaker dollar and expectations that OPEC and other producers will not cut output as part of a deal to curb global oversupply. TECHNICAL VIEW:- MCX Crude was volatile counter in last week and bounce back after taking support of 3478 but not able to closed above its important resistance level of 3600. Now for the coming session if it breaks it resistance of trend line then it can test the next resistance level of 3700. On the down ward side 3478 is major support level if it sustain below this level it may drag down towards 3540 SELL CRUDE OIL(JAN) BELOW 3600 TGT 3500,3400 SL BELOW 3750 WEEKLY SUPPORT AND RESISTANCE :- CRUDE OIL 4000 3890 3780 3665 3550 3440 3325

NATURAL GAS (JAN) MCX DAILY CHART FUNDAMENTAL VIEW:- Gas And Renewables Toppled Coal A Decade Early:-Cheap natural gas and renewables ousted coal as America's leading energy source in 2016, a decade earlier than the Clean Power Plan predicted and without the Clean Power Plan's help. TECHNICAL VIEW:- For the next week- Natural gas may see hold support level of 224 and we can see the target of 240/250 Otherwise natural gas may be go down if it will break and did not hold support level of 224 BUY NATURAL GAS(JAN) ON DIPS 226 TGT 236,246 SL BELOW 211 WEEKLY SUPPORT AND RESISTANCE:- NATURALGAS 309.70 282 271.30 243.50 233 205 194.50

COPPER (FEB) MCX DAILY CHART FUNDAMENTAL VIEW:- Copper futures in reverse gear :- Copper futures were major changed during last week,trade in the domestic market as investors and speculators taken new positions in the industrial metal on muted physical demand from consuming industries. Further, upward trend in physical demand from consuming industries in the domestic spot market, influenced prices of copper at futures trade. TECHNICAL VIEW:- MCX Copper last week showed bullish movement in almost all the trading session and gave break out of its important resistance level i.e. 395. Now its bullish trend may be continue in coming session if it break its major resistance level of 406 then up movement pull it towards 416.On the other hand if it sustain below 398 then again it may drag down the support level of 385. BUY COPPER(FEB) AROUND 398-400 TGT 410 420 SL BELOW 383 WEEKLY SUPPORT AND RESISTANCE :- COPPER 398 393 386 381 374 369 362

STATUS OF PREVIOUS WEEK RECOMMENDATIONS 09-13 Jan 2017 Product Name RECOMMENDATIONS Profit & Loss Status GOLD SILVER CRUDE OIL NATURAL GAS COPPER BUY GOLD (FEB)ABOVE 28000 TGT 28200,28400 SL BE- LOW 27750 SELL SILVER(MAR) BELOW 41300 TGT 40600, 40000 SL ABOVE 42200 BUY CRUDE OIL(JAN) ABOVE 3710 TGT 3810,3910 SL BE- LOW 3540 BUY NATURAL GAS(JAN) ABOVE 225 TGT 235,245 SL BE- LOW 210 BUY COPPER(FEB) AROUND 369-372 TGT 380, 390 SL BE- LOW 355 40,000 Final TGT Achieved 21,000 1st TGT Achieved 0.00 Not Executed 12,500 1st TGT Achieved 0.00 Not Executed Net P&L 73,500

ECONOMIC CALENDAR (16-20 Jan 2017) TIME CURR. EVENT ACTU- AL Monday, January 16, 2017 FORE- CAST PREVIOUS 13:00 USD Investing.com Gold Index 68.10% 13:00 USD Investing.com S&P 500 Index 60.20% Tuesday, January 17, 2017 19:00 SD NY Empire State Manufacturing Index (Jan) 9 9 Wednesday, January 18, 2017 19:00 USD Core CPI (MoM) (Dec) 0.20% 0.20% 19:00 USD Core CPI (YoY) (Dec) 2.20% 2.10% 19:45 USD Industrial Production (MoM) (Dec) 0.60% -0.40% Thursday, January 19, 2017 19:00 USD Building Permits (Dec) 1.225M 1.212M 19:00 USD Building Permits (MoM) (Dec) -3.80% 19:00 USD Continuing Jobless Claims 2,087K 19:00 USD Housing Starts (Dec) 1.190M 1.090M 19:00 USD Philadelphia Fed Manufacturing Index (Jan) 16 21.5 21:00 USD Natural Gas Storage -151B 21:30 USD Crude Oil Inventories 4.097M 21:30 USD Crude Oil Imports 1.828M 21:30 USD Cushing Crude Oil Inventories -0.579M 21:30 USD Distillate Fuel Production -0.005M 21:30 USD EIA Weekly Distillates Stocks 8.356M 21:30 USD Gasoline Production 0.199M 21:30 USD Heating Oil Stockpiles -0.923M 21:30 USD Gasoline Inventories 5.023M

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