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Gold notched a quarterly gain of about
8.4 percent on Friday, marking its best
quarter in a year, as uncertainty over U.S.
President Donald Trump's tax and
investment plans and elections in Europe
fuelled demand for bullion as a safe
haven.

Copper is not far from $6,000 per tonne,


which ought to be a respectable enough
price for mining companies to prosper, if
history is anything to go by, at least. But the
market failed to gather significant steam
despite disruptions to production at
Freeport-McMoRans Grasberg and Cerro
Verde operations over the past several weeks.

Indian state refiners will cut oil imports


from Iran in 2017/18 by a fifth, as New
Delhi takes a more assertive stance
over an impasse on a giant gas field
that it wants awarded to an Indian
consortium, sources familiar with the
matter said.

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TECHNICAL ANALYSIS

GOL
D OUTLOOK : GOLD(JUN)

SUPPORT:- 28620-28500

RESISTANCE:- 28766-28870

TREND:- BULLISH

STRATEGY :- BUY ON DIPS

TECHNICAL OUTLOOK
Technically trend in the Gold Jun contract looks bullish and is likely to continue with the
trend for near term. Support is seen at 28620 while resistance is seen at level 29020.
Traders may buy above 28850 with the stop loss of 28580 for the target of 29170.
SILVER
In Comex, gold has strong resistance at $1261 . This week gold closed below
$1248.Major support now at $1226- $1210 and strong resistance at $1261-1274.
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OUTLOOK : SILVER(MAY)

SUPPORT:- 41840-41350

RESISTANCE:- 42630-42930

TREND:- BULLISH

STRATEGY :- BUY ON DIPS

TECHNICAL OUTLOOK
Technically trend in the Silver MAY. contract looks very bullish and is likely to continue
with the trend for near term. Support is seen at 41650 while resistance is seen at 42630
level. Traders may buy above 42400 with the stop loss of 41690 for the target of
43400,MCX Silver MAY Contract, showed upside movement this week and made a
weekly high of 42440.
COPPER
In Comex silver has OUTLOOK
a resistance of $18.50 and strong support: at $17.80.
COPPER(APR)
In COMEX
Silver closed 18.19. SUPPORT:- 370-361

RESISTANCE:- 390-398
301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll
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STRATEGY :- SELL ON RISE


TECHNICAL OUTLOOK
The trend in mcx Copper APR. contract looks bearish and further down side is expected
for near term. Support is seen at 370.00 while resistance is seen at 390.00 level. Traders
may sell below 378 with the stop loss of 385.10 for the target of 370.

CRUDE OIL
OUTLOOK : CRUDEOIL(APR)

SUPPORT:- 3144-3004

RESISTANCE:- 3356-3428
301, 3rd Floor, Mangal City, Vijay Nagar, Indore Toll
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STRATEGY :- SELL ON RISE


TECHNICAL OUTLOOK
The trend in mcx Crude Oil MAR. Contract looks bullish and further upside is expected
for near term but we will see some profit booking on higher side. Support is seen at
3144 while resistance is seen at 3356 level. Traders may sell around 3350. With the stop
loss of 3420 for the target of 3260.

In Nymex Crude Oil has a resistance of $52.10 and strong support at $48.50. In NYMEX
Crude Oil closed 50.62.

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INTERNATIONAL MARKET
UPDATE
GOLD USDINR
1247.21 64.84

SILVER EURUSD
18.19 1.066

COPPER USDJPY
2.64 111.32

CRUDEOIL GBPUSD
50.62 1.252

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ECONOMIC CALENDAR

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