02/05/2017 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801 02/05/2017 Crude futures slump to their lowest in one month: Crude oil futures slumped to their lowest in a month on Monday amid doubts over whether OPEC can handle the lingering global supply glut. While Libya ramped up production, fears resurfaced that rising U.S. production would offset an OPEC-led deal to curb the global glut in supply. OPEC is expected to extend its supply quota plan this month, but with U.S. production surging and President Donald Trump allowing drilling in the Arctic. Copper futures end higher as dollar weakens: Comex copper futures ended higher on Monday, touching a three-week high as the dollar weakened. While, key copper-trading markets in London were closed Monday for a holiday. Gold futures Monday: end lower on Gold futures ended lower on Monday, pressured by rising US stocks and an agreement that averted a US government shutdown, dampening demand for noninterest paying bullion. According to the report released by the Commerce Department, Personal income in the US rose slightly less than expected in the month of March. Personal income rose by 0.2 percent in March after climbing by a downwardly revised 0.3 percent in February. Meanwhile, growth in US manufacturing activity slowed more than expected in the month of April. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801 02/05/2017 . TECHNICAL ANALYST GOLD OUTLOOK: TREND: - DOWN RESISTANCE: - 28750, 29850 SUPPORT: - 28500, 28400 STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK Refined Gold prices lost strength and ended the day at Rs 28665 per 10 grams, down 0.72%. Transaction volumes picked up and there has been decrease of long positions. The prices of Gold tested a high of Rs 28894 per 10 grams and a low of Rs 28636 per 10 grams was noted. Further extension of gains will take Gold towards Rs 29200 and 29400 per 10 grams. On the lower side, Rs 28400 per 10 grams will be support levels. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801 02/05/2017 SILVER OUTLOOK: TREND: - DOWN RESISTANCE: - 39000, 39200 SUPPORT: - 38600, 38400 STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK Prices of Refined silver were down by losing 818 points to end at Rs 39503 per 30 kilogram. And at end it is settled on 38685. On the higher side Rs 39433 per 30 kilogram as resistance was noted while lows were at Rs 38530 per 30 kilograms as support was noted. The metal remains under a volatile zone. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801 02/05/2017 COPPER OUTLOOK: TREND: - DOWN RESISTANCE: - 378,381.50 SUPPORT: -373, 370.50 STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK The price of MCX Copper was gained by a big margin in a single session on 1 May 2017. The tormenting by bears still continues in Copper and the prices have now breached all important Rs 380 per kg levels and have been able to set Rs 388 per kg as next benchmark resistance. From here the declines can take metal towards Rs 378 per kg. Copper settled at Rs 380.55 per kg. The session on Tuesday can see Copper at Rs 384 per kg and on the lower side Rs 378 and 375 per kg will be active supports. On the higher side Rs 386 per kg was noted on 1 May 2017 while on the lower side Rs 365 per kg was tested. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801 02/05/2017 CRUDE OIL OUTLOOK: TREND: - DOWN RESISTANCE: - 3160, 3190 SUPPORT: - 3100, 3070 STRATEGY: - SELL ON HIGH. TECHNICAL OUTLOOK The prices of Crude Oil were bearish in the trades ending Monday. The session saw settlement of benchmark Crude Oil at Rs 3142 per barrel, down 1.07%. On the higher side, Rs 3173 per barrel was tested while on lower side Rs 3132 per barrel. The prices of Crude Oil are resisted at Rs 3250 per barrel. On the lower side, Rs 3080 per barrel are the supports. 301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll Free : 18003157801 02/05/2017 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. 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