Commodity Tips and Trend by PinnacleFinancial

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Page 1: Commodity Tips and Trend by PinnacleFinancial

WWW.PINNACLEFINANCIAL.IN

[email protected]

919039035252

2016

01ST MARCH 2016

MCX DAILY REPORT

Page 2: Commodity Tips and Trend by PinnacleFinancial

WWW.PINNACLEFINANCIAL.IN

[email protected]

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

Page 3: Commodity Tips and Trend by PinnacleFinancial

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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

Page 4: Commodity Tips and Trend by PinnacleFinancial

WWW.PINNACLEFINANCIAL.IN

[email protected]

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

Page 5: Commodity Tips and Trend by PinnacleFinancial

WWW.PINNACLEFINANCIAL.IN

[email protected]

919039035252

PINNACLE FINANCIAL SERVICES

DAILY EQUITY REPORT

10/03/2015

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are believed to be reliable, but we do not accept any responsibility (or liability) for

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