Daily Market Reflection

16th June 2016

Market Outlook

COMDEX

Gold and silver showed sideways movement. Investors are waiting for
the Fed decision on Interest rate hike. In coming session bearishness
can be seen if the rate was hiked. Crude showed bearish in the
morning session but in evening session after the crude oil inventory
was negative -0.9M it showed bullish movement and new high. Base
metals showed highly bullish movement especially copper and nickel.
In coming session base metals can be more bullish because demand
and manufacturing in china is improving.
Fundamental News
Gold fell slightly on Wednesday, after touching a near six-week
Fundamental
Factors session, as the market awaited the US
high in the previous
Federal Reserves policy statement amid concerns about a
potential British exit from the European Union.
Crude futures fell on Wednesday as mounting concerns about
Britains possible exit from the European Union and a surprise
build in US inventories left investors ignoring an IEA declaration
that oil markets are now in balance.

Important Data
Time

Currenc
y

Event

1:00pm

CHF

Libor Rate

2:00pm

GBP

Retail Sales m/m

6:00pm
6:00pm
6:00pm

6:00pm

Foreca
st

Previou
s

-0.75%

-0.75%

0.3%

1.3%

USD

CPI m/m

0.3%

0.4%

USD

Core CPI m/m

0.2%

0.2%

USD

Philly Fed
Manufacturing
Index

1.1

-1.8

Unemployment
Claims

267K

264K

USD

Market Updates
MCX
Date
14-06-16
GOLD
SILVER
CRUDE
COPPER
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS
COMEX
GOLD
SILVER
CRUDE
COPPER
USDINR
$ INDEX

30558
41519
3257
304.85
107.80
113.75
597.40
135.40
175.40
Date
14-06-16
1288.10
17.424
48.49
2.041
67.4275
95.03

Date
15-0616
30444
41547
3238
310.80
108.65
114.25
603.60
136.55
175.10
Date
15-06-16
1288.15
17.500
48.22
2.091
67.2975
95.84

% Chg
-0.37%
+0.07%
-0.58%
+1.95%
+0.79%
+0.44%
+1.04%
+0.85%
-0.17%
% Chg
+0.00%
+0.44%
-0.56%
+2.47%
-0.19%
-0.20%

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity Entry
Exit
P/L
15/0 ALUMINIUM 108.10 108.80
6
Multibagger
Date Commodity Entry
Exit
15/0 LEAD
6
Trifid special
Date Commodity Entry
Exit
15/0 GOLD
6
For our next calls click here..

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3500

P/L
-

P/L
-

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

30250
1278

30000
1268

30600
1290

30750
1300

SILVER

Gold showed sideways movement ahead of Federal

Fund Rate and closed around recent new high. Now if it
broke 30600 resistance levels than 30800 will act as
next resistance level. On the other hand 30250 will be
major support level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

41000
17.25

40500
17.00

41500
17.50

42000
17.80

Silver showed sideways to bullish movement. Now if it

broke the important resistance level of 41700 then
42000 act as next resistance level. On lower side 40700
will act as important support level.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

3235

3200

3275

3310

COMEX

48.00

47.50

48.70

49.20

COPPER

Crude oil showed choppy movement after found the

support of 3200. Now if it showed bearish movement
and sustain below 3200 then 3150 will be next support
level. On the higher side important resistance is 3275.

COMEX COPPER

PIVOTS

S1

S2

R1

R2

MCX

309

306.50

312.50

315

COMEX

2.0625

2.0395

2.0910

2.1090

Copper showed bullish movement after giving the

breakout of head and shoulder pattern it found the
resistance of 315. Sustain below 307 then next support
level will be seen at 302. If some correction continues on
higher side then it pull towards resistance level of 318.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

108.20

107

109.50

111

8994

3784

Bullish

LEAD

113.80

112.50

115

116.50

13960

4295

Bearish

NICKEL

592

578

614

627

45514

19427

Bullish

ZINC

136

134.80

137.30

139

27673

7471

Bearish

NATURAL GAS

172

168

179

183

47002

9026

Bearish

LME INVENTORY
dasdasdinkjjlfcnl
COMMODITIES
9/06/2016

10/06/2016

13/06/2016

14/06/2016

15/06/2016

ALUMINIUM

-6700

-7400

-5375

-7025

-2475

COPPER

+5950

-2550

-3050

-4350

-1125

LEAD

-768

-25

-930

-25

-150

NICKEL

+550

-84

-84

-3072

-1524

ZINC

-1250

-500

-325

+4000

-875

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Agri Commodity Updates

RMSEED
Rmseed showed bearish movement all the day and
found the support of 4750. Now if it sustains below
4750 then 4700 will be next support level. And on
higher side 4800 will be act as major resistance
level.

PIVOTS

S1

S2

R1

R2

4750

4720

4800

4830

TURMERIC
Turmeric showed positive trend and found the
resistance of 8050. Now on lower side 8000 will act
as important support level below which it will drag
towards the support level of 7920. On higher side
some correction pulls it towards the resistance level
of 8150.

PIVOTS

S1

S2

R1

R2

7975

7920

8110

8170

JEERA
Jeera showed strength on higher side and found the
resistance of 17500. Now on lower side 17100 will
act as important support level below which it will
drag towards the support level of 16750. On higher
side some correction pulls it towards the resistance
level of 17500.

PIVOTS

S1

S2

R1

R2

17220

16970

17500

17800

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Intraday Super Star

(Premium Section)

CALL: SELL NICKEL BELOW 602 TARGETS 594/585 SL 615.

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Multibagger Call
(Premium Section)

CALL: SELL LEAD BELOW 136.20 TARGETS 134.80/111 SL 138.

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Trifid Special
(Premium Section)

CALL: BUY SILVER ABOVE 41620 TARGETS 41820 SL 41300.

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