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WEEKLY COMMODITY RESEARCH REPORT 28th Nov 2016 – 2nd Dec 2016 www.24cfin.com www.24cfin.com GOLD (DECEMBER) Overview Gold prices fell to the lowest levels since February last week after the dollar surged to fresh 14year highs as upbeat U.S. economic reports underlined expectations for higher interest rates. Gold MCX Dec future was down almost 1.17% and closed at 28598. For the next week Gold MCX December Future is looking bearish. One can go for sell on higher levels strategy. If it will break the level of 28370 then it can test the levels of 28170-28010, one can go for sell with the stop loss of 28520. 2|Page VIEW BEARISH STRATEGY SELL ON HIGHER R2 28720 R1 28520 S1 28370 ©24 Carat Financial Services S2 28170 www.24cfin.com SILVER (DECEMBER) Overview Silver prices traded down last week as the dollar regained ground against a basket of the other major currencies, pushing the precious metal back towards recent lows. Technically Silver is looking bearish for next week. For the next week if Silver MCX December Future will break the level of 39850 then it can test the levels of 39450-39050, one can go for sell below this level with the SL of 40250. 3|Page VIEW BEARISH STRATEGY SELL ON HIGHER R2 40650 R1 40250 S1 39850 ©24 Carat Financial Services S2 39450 RESEARCH TEAM www.24cfin.com CRUDE OIL (December) Overview Crude oil prices were little little changed last week after earlier rising to their highest levels this month as a growing consensus emerged in the market that OPEC would overcome internal disputes and strike a deal to reduce crude output. Crude oil is looking bearish for the next week. For the next week if Crude oil MCX December Future will break the level of 3150 then it can test the level of 3080-3010, one can go for sell below this level with the SL of 3220. 4|Page VIEW STRATEGY BEARISH SELL ON HIGHER R2 3290 R1 3220 S1 3150 ©24 Carat Financial Services S2 3080 www.24cfin.com COPPER (FEBRUARY) Overview Copper MCX November Future was up almost 8.8% on last week and set for the biggest monthly gain in a decade. For the next week Copper future is looking bullish. Next week if Copper MCX February future will break the level of 415.00 then it can test the levels 423.00-430.00 one can go for buy above this level with the SL of 407.00 5|Page VIEW BULLISH STRATEGY BUY ON DIPS R2 423.00 R1 415.00 S1 407.00 ©24 Carat Financial Services S2 400.00 www.24cfin.com DISCLOSURES (a) 24 Carat Financial Services or its associates have not received any compensation from the subject company in the past twelve months; (b) 24 Carat Financial Services or its associates have not managed or co-managed public offering of securities for the subject company in the past twelve months; (c) 24 Carat Financial Services or its associates have not received any compensation for investment banking or merchant banking or brokerage services from the subject company in the past twelve months; (d) 24 Carat Financial Services or its associates have not received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past twelve months; (e) 24 Carat Financial Services or its associates have not received any compensation or other benefits from the subject company or third party in connection with the research report DISCLAIMER The information contained in this report is for general purposes only. The information is provided by 24 Carat Financial Services – ‘Research Analyst’, and while we Endeavour to keep the information up to date and correct, but we do not take any responsibility for error of fact and opinion. We make no representation of any kind, expression or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information. Trading can be challenging and potentially profitable opportunity for investors. However, before deciding to participate in the market, investor should carefully consider investment objective, level of experience, and risk appetite. We strongly suggest that do not invest money in the market that cannot be afford to lose. Trading carries high level of risk and trades or investors can lose his capital. Most importantly, we highly recommend to follow trading principle rules. The information contained herein is based on the analysis and past record but future result may be different. News, views, opinions, recommendation and other information obtained from reliable sources, but we cannot guarantee their accuracy or completeness. All the information is subject to change at time without prior notice. CONTACT DETAILS 604 - Shekhar Central ,Palasia Square Indore – 452001 Madhya Pradesh, INDIA Contact :- +91-95843-99381 Email :- [email protected] Contact with Research Expert :- research@ 24cfin.com 6|Page ©24 Carat Financial Services