SAI PROFICIENT

RESEARCH
MCX COMMODITY REPORT
DATE- April 11, 2016

INFO@SAIPROFICIENT.COM
SUPPORT@SAIPROFICIENT.COM

+919981999934,
+919755855566

DAILY COMMODITY REPORT

MCX Crude Oil

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

April 11, 2016

CRUDE OIL

Expiry
April 19,2016

Open

High

Low

Close

2489

2656

2489

2626

Resistance 2

Resistance 1

Pivot Point

Support 1

Support 2

2678

2655

2620

2587

2562

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.

WWW.SAIPROFICIENT.COM

{DAILY COMMODITY REPORT (April 11, 2016)}

MCX GOLD
Gold futures fall 0.27% on profit-booking
Bullion Overview: Gold inches up on Friday, extending gains from the previous
sessions 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.

Date

Commodity

Expiry

Open

High

Low

April 11, 2016

GOLD

June 3, 2016

29145

29152

28851

Resistance 2

Resistance 1

29556

29304

Pivot Point

290046

Close

29115

Support 1

Support 2

28884

28705

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.

WWW.SAIPROFICIENT.COM

{DAILY COMMODITY REPORT (April 11, 2016)}

COPPER
Copper consolidate on Friday in between 306 to 309

Date

Commodity

April 11, 2016

COPPER

Expiry

Open

High

Low

Close

April 29, 2016

308.10

309

306.10

308.25

Resistance 2

Resistance 1

Pivot Point

Support 1

Support 2

311.01

309

307.78

305.99

303

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

WWW.SAIPROFICIENT.COM

{DAILY COMMODITY REPORT (April 11, 2016)}

DISCLAIMER
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.

WWW.SAIPROFICIENT.COM

{DAILY COMMODITY REPORT (April 11, 2016)}