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MCX COMMODITY REPORT DATE- April 6, 2016

SAI PROFICIENT

RESEARCH

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2/5WWW.SAIPROFICIENT.COM {DAILY COMMODITY REPORT (April 6, 2016)}

“ Oil slips to one-month low on unexpected U.S. demand drop”

Energy overview: The U.S. Energy Information Administration is to release its weekly

report on oil and gasoline stockpiles. Oil slipped to a one-month low on Tuesday after a

surprise fall in gasoline demand in the United States, the world's largest oil consumer, and

doubts whether oil producers can agree an output freeze to dampen a global supply glut.

Date Commodity Expiry Open High Low Close

April 6, 2016 CRUDE OIL April 19,2016 2380 2384 2355 2377

Recommendation: The above is hourly chart of Crude Oil. On the downside; it has immediate

support at 2350 levels. On the upside, it has immediate resistance at 2426 levels. Further is has

confirmed reversal in the trend by positive divergence on RSI. Trading Call: Buy around 2400 levels

with a stop loss placed below 2370 levels for targets of 2440 levels

DAILY COMMODITY REPORT

Resistance 2 Resistance 1 Pivot Point Support 1 Support 2

2426 2413 2374 2352 2327

MCX Crude Oil

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“ Gold bounced high and more likely to go higher ”

Bullion Overview: The Fed is to issue the minutes of its March monetary policy meeting, whileCleveland Fed President Loretta Mester, St. Louis Fed President James Bullard and Dallas Fed

President Rob Kaplan are slated to speak during the day .

Recommendation: The above is hourly chart of Gold. It suggests that prices are making

higher highs. Hence, it is expected to make another lower high till 28477 levels. On the flip

side, immediate support is located at 28877 levels. Trading Call: Buy around 29150 levels

with a stop loss placed below 28800 levels for target of 29399 levels.

Date Commodity Expiry Open High Low Close

April 6, 2016 GOLD June 3, 2016 28485 28877 28477 28868

Resistance 2 Resistance 1 Pivot Point Support 1 Support 2

29145 29078 28830 28631 28381

MCX GOLD



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The information contained here was gathered from sources deemed reliable however;

no claim is made as to accuracy or content. This does not contain specific

recommendations to buy or sell at particular prices or time, nor should any examples

presented be deemed as such. There is a risk of loss in equity trading and you should

carefully consider your financial position before making a trade. This is not, nor is it

intended, to be a complete study of chart patterns or technical analysis and should not

be deemed as such. SAI PROFICIENT INVESTMENT ADVISORS does not

guarantee that such information is accurate or complete and it should not be relied

upon as such. Any opinions expressed reflect judgments at this date and are subject to

change without notice. For use at the sole discretion of the investor without any

liability on Sai Proficient Investment Advisors.

DISCLAIMER

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