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MCX COMMODITY REPORT DATE- April 11, 2016

SAI PROFICIENT

RESEARCH

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2/5WWW.SAIPROFICIENT.COM {DAILY COMMODITY REPORT (April 11, 2016

“ Oil prices edge higher on improving demand outlook ”

Energy overview: oil prices edged up early on Friday, lifted by firm economic indicators

from the United States and Germany which could support fuel demand. Analysts warned that

oil prices could fall again soon as there were few signs that a global overhang in production of

at least 1 million barrels per day would be addressed soon. Crude soars 6% to two-week highs,

amid renewed hopes for output freeze.

Date Commodity Expiry Open High Low Close

April 11, 2016 CRUDE OIL April 19,2016 2489 2656 2489 2626

Recommendation: The above is hourly chart of Crude Oil. BUY above 2596

levels with a stop loss placed below 2644/2678 levels for targets of 2550 levels .

(Or) SELL around 2590 ranges target 2538/2505 with stop loss 2610 .

DAILY COMMODITY REPORT

Resistance 2 Resistance 1 Pivot Point Support 1 Support 2

2678 2655 2620 2587 2562

MCX Crude Oil

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“Gold futures fall 0.27% on profit -booking” Bullion Overview: Gold inches up on Friday, extending gains from the previous

session’s surge, amid further indications of slowing economic conditions after the

Federal Reserve Bank of Atlanta said U.S. GDP hardly grew during the first quarter.

Recommendation: The above is hourly chart of Gold. BUY above 29250 levels

with a stop loss placed below 29110 levels for target of 29410 levels. (Or)

SELL below 28790 targets 28670/28560 with s/l- 28900.


April 11, 2016 GOLD June 3, 2016 29145 29152 28851 29115


29556 29304 290046 28884 28705

MCX GOLD




“ Copper consolidate on Friday in between 306 to 309”


April 11, 2016 COPPER April 29, 2016 308.10 309 306.10 308.25


311.01 309 307.78 305.99 303

Recommendation: The above is hourly chart of Copper. BUY above 308.75 levelswith a stop loss placed below 305 levels for target 311/313 levels.

COPPER




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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