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Commodity Tips and Trend by PinnacleFinancial
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Transcript of Commodity Tips and Trend by PinnacleFinancial
WWW.PINNACLEFINANCIAL.IN
919039035252
2016
01ST MARCH 2016
MCX DAILY REPORT
WWW.PINNACLEFINANCIAL.IN
919039035252
PINNACLE FINANCIAL SERVICES
DAILY EQUITY REPORT
10/03/2015
TIME CURRENCY PARTICULAR FORECAST PREVIOUS
8:30 PM USD ISM Manufacturing PMI 48.5 48.2
Gold edged up on Monday and looked set to log its best monthly performance in four
years, bolstered as turmoil in stock markets drove safe-haven demand following a weak
series of PMI readings and a surprise move by China overnight to boost liquidity in the
banking system.
Copper prices fell Monday as investors worried about a renewed slide in Chinese stocks.
China cut its reserve ratio for banks in an effort to revive flagging growth.
U.S. crude futures rose considerably on Monday, closing a choppy month of February
relatively flat, after Saudi Arabia promised to cooperate with other major producers over
the weekend in renewed efforts to limit extreme volatility on global oil markets.
METALS & ENERGY
UPDATE
ECONOMIC DATA
WWW.PINNACLEFINANCIAL.IN
919039035252
PINNACLE FINANCIAL SERVICES
DAILY EQUITY REPORT
10/03/2015 MCX TECHNICAL LEVELS
GOLD (APRIL) SILVER (MAY)
COPPER (APRIL) CRUDE (MARCH)
NATURAL GAS (MARCH) LEAD (MARCH)
ZINC (MARCH) NICKEL (MARCH)
TREND CONSOLIDATE
RESISTANCE 2 30250
RESISTANCE 1 29850
SUPPORT 1 29300
SUPPORT 2 29100
STRATEGY BUY ON LOWER LEVELS
TREND CONSOLIDATE
RESISTANCE 2 37600
RESISTANCE 1 37100
SUPPORT 1 36200
SUPPORT 2 35800
STRATEGY BUY ON LOWER LEVELS
TREND CONSOLIDATE
RESISTANCE 2 331
RESISTANCE 1 328
SUPPORT 1 320
SUPPORT 2 316
STRATEGY SELL ON HIGHER LEVELS
TREND CONSOLIDATE
RESISTANCE 2 2460
RESISTANCE 1 2390
SUPPORT 1 2250
SUPPORT 2 2180
STRATEGY BUY ON LOWER LEVELS
TREND BEARISH
RESISTANCE 2 122
RESISTANCE 1 120
SUPPORT 1 115
SUPPORT 2 112
STRATEGY SELL ON HIGHER LEVELS
TREND CONSOLIDATE
RESISTANCE 2 122.60
RESISTANCE 1 121.60
SUPPORT 1 119.20
SUPPORT 2 117.80
STRATEGY SELL ON HIGHER LEVELS
TREND CONSOLIDATE
RESISTANCE 2 122.60
RESISTANCE 1 121.60
SUPPORT 1 118.80
SUPPORT 2 117.50
STRATEGY SELL ON HIGHER LEVELS
TREND CONSOLIDATE
RESISTANCE 2 601
RESISTANCE 1 594
SUPPORT 1 578
SUPPORT 2 568
STRATEGY SELL ON HIGHER LEVELS
WWW.PINNACLEFINANCIAL.IN
919039035252
PINNACLE FINANCIAL SERVICES
DAILY EQUITY REPORT
10/03/2015
GOLD
BUY GOLD APR ABOVE 29840 FOR THE TARGET OF 30000/30200 WITH
STOPLOSS OF 29700. Technically Gold is bullish on charts and sustaining
above crucial level of 29600.While CCI, ADX, MACD and Money flow
index also indicate good buying opportunity in it. So, traders should go
for buy on lower level strategy.
CHART OF THE DAY
WWW.PINNACLEFINANCIAL.IN
919039035252
PINNACLE FINANCIAL SERVICES
DAILY EQUITY REPORT
10/03/2015
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