17/11/2017

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 18003157801
17/11/2017

Crude oil futures extend the bearish trend:

Crude oil futures continuing their bearish trend
ended lower on Thursday, amid a flurry of U.S.
economic data and as investors fretted over a
potential uptick in global supply amid reports
that Turkey and Iraq discussed resuming exports
from the Kirkuk-Ceyhan pipeline. The resumed
talk sparked fears of oversupply as many said a
possible uptick in exports would forced OPEC to
rein in production. Meanwhile, Energy
Information Administration (EIA) Energy
Agencys preliminary US production figures
showed weekly output rose by 25,000 to an all-
time high of 9.65 million barrels per day, as
crude oil stockpiles rose for second week in a
row.

Copper futures edge lower on

MCX:
Copper futures traded lower on MCX on
weakness in copper and other base metals at
the London Metal Exchange (LME) on concerns
about slowing growth in the Chinese economy.
Though, pick-up in demand at the spot market
capped some losses in copper futures.

Gold futures edge down on MCX:

Gold futures edged down on MCX after upbeat

US economic data bolstered the prospects of
interest rate increase next month and beyond
by the Federal Reserve.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 18003157801
 17/11/2017

TECHNICAL ANALYST

GOLD
OUTLOOK:

TREND: - DOWN

RESISTANCE: - 29500, 29600.

SUPPORT: - 29200, 29100.

STRATEGY: - BUY ON LOW.

TECHNICAL OUTLOOK

Gold 4HR chart has formed Ascending broadening wedge pattern and the corrections are clear that
market is on a rally to break every possible higher resistance in the previous sessions. The same is
expected in the upcoming one that market will have some small correction, but will rally on bullish
momentum as per the analysis. Once the market breaks above the strong resistance level which holds at
$1286(29550) then the buy signal will be confirmed towards next higher resistance level. Support holds
near $1277.50(29340).

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 18003157801
 17/11/2017

OUTLOOK:
SILVER
TREND: - DOWN

RESISTANCE: - 39800, 40000.

SUPPORT: - 39400, 39200.

STRATEGY: - BUY ON LOW.

TECHNICAL OUTLOOK

Silver 4H chart Sideways market has formed Rectangle chart pattern. The previous session seems
consolidated inside the pattern and thus confirms the chance in acquisition of both positive and negative
momentum in the upcoming market sessions. The market also indicates selling pressure on analyzing the
historical level. Resistance holds at 39920 and Support holds at 39520.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 18003157801
 17/11/2017

COPPER
OUTLOOK:

TREND: - DOWN

RESISTANCE: - 440.50,443.

SUPPORT: -436.50, 434.

STRATEGY: - SELL ON HIGH.

TECHNICAL OUTLOOK

The daily chart of the Copper market has formed Falling wedge pattern. In this pattern, the previous
session displays a strong bearish momentum and as per candlesticks formations, the upcoming session is
expected to bounce back the strong support level 438 to push higher side 442-446.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 18003157801
 17/11/2017

CRUDE OIL
OUTLOOK:

TREND: - DOWN

RESISTANCE: - 3620, 3650.

SUPPORT: - 3550, 3520.

STRATEGY: - SELL ON HIGH.

TECHNICAL OUTLOOK

Crude Oil Daily chart has formed Ascending Broadening Wedge pattern, where market has been strongly
bullish with some small corrections for over few months. Expectations are higher as the last market session
had a correction and the upcoming one it is expected to pullback bullish again as per the channels nature
once it takes support on the key support level holding near $54.50(3530). Resistance holds at $56(3630).

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 18003157801
17/11/2017
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.

All Rights Reserved.

Investment in Commodity and equity market has its own risks.

301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free: 18003157801
17/11/2017

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