Crude futures settled higher on Friday, after Russia affirmed its commitment to the supply-cut agreement but gains were capped as investors mulled over data, which showed a surge in U.S. drilling activity.

COMMODITY HEADLINES

 Crude oil dips on rising US crude supply
 Silver down on weak global cues
 Gold up on rising jobless benefit claims
 Nickel futures drop 0.32% on profit-booking
 Zinc futures in reverse gear
 Copper futures drop 0.37% on profit-booking

TODAY'S Recommendations

BUY GOLD ABOVE 28850 TGT 28950 29150 SL BELOW 28750
SELL GOLD BELOW 28650 TGT 28550 28350 SL ABOVE 28750
BUY SILVER ABOVE 40000 TGT 40200 40600 SL BELOW 39800
SELL SILVER BELOW 39600 TGT 39400 39000 SL ABOVE 39800

SPECIAL NEWS

Japanese fund managers increased their exposure to equities in their model portfolios in April with strong corporate earnings and better prospects for the global economy helping offset geopolitical concerns.

The survey of five Japan-based fund managers conducted between April 17 and 21 showed respondents on average wanted to allocate 39.1 percent of their model portfolios to stocks in April, from 38.7 percent in March.Global equities were struck earlier in April by geopolitical worries stemming from the Middle East, the Korean Peninsula and French presidential elections but they have recovered strongly.With robust earnings helping underscore U.S. corporate health, the Nasdaq Compositestock index topped 6,000 for the first time on Tuesday after dropping to as low as 5,805 mid-month.

President Donald Trump told Reuters on Thursday that he was "psyched" to terminate the NAFTA trade deal with Canada and Mexico, but changed his mind after their leaders asked for it to be renegotiated instead.Trump said in an interview with Reuters that he will not hesitate to change course again and pull the plug on the North American Free Trade Agreement.

If the negotiations become "unserious."His comments came at the end of a long 24 hours during which Ottawa and Mexico City were whipsawed over the Trump administration's intentions over the 23-year-old trade pact."You know I was really ready and psyched to terminate NAFTA," Trump said.He decided that it would be better to terminate the trade deal after hearing about Wisconsin farmers' struggles with new Canadian dairy rules that were shutting out their milk protein exports.

COMMODITY BUZZ

Crude futures settled higher on Friday, after Russia affirmed its commitment to the supply-cut agreement but gains were capped as investors mulled over data, which showed a surge in U.S. drilling activity.

On the New York Mercantile Exchange crude futures for June delivery added 36 cents to settle at $49.33 a barrel, while on London's Intercontinental Exchange, Brent gained 7 cents to trade at 51.89 a barrel.Crude futures mounted a recovery on Friday, after sliding to a one-month low in the previous session, as Russia said its close to meeting its pledged 300,000 barrels-a-day cut amid concerns over rising U.S. production.Oilfield services firm Baker Hughes reported its weekly U.S. rig count rose by 9 to 697, the highest rig count since April 2015.


Epic Research Limited is a supreme level financial advisory services provider firm .We have designed services for different investors as per their needs like equity tips , commodity tips, stock tips and many more to serve our clients. We offer regular services for investors with less capital and premium services for massive investors looking for higher returns on investments with bigger targets.

Want to take a FREE TRIAL? Visit our site link below and become a part of our Epic family. Happy trading.
http://www.epicresearch.co/
or
mail us @ [email protected]

Also you can Whatsapp us at :7049084664

Our Office:411 Milinda Manor, 2 RNT Road, Indore 452001.