Daily Market Reflection

8 th July 2016
Market Outlook

COMDEX

Gold and silver showed bearish movement on the strong job data but
not able to hold on lower levels. In coming session both can resume
their bullish trend. Buying strategy would be profitable in precious
metals. Crude oil showed bearish movement and broke the important
support level of $46. If crude hold below its support then more
bearishness can be seen and selling would be profitable. Base metals
showed bearish movement. Economic uncertainty is increasing in
global market and its impact has been seen in base metals. In coming
session selling would be profitable strategy in base metals.
Fundamental News
Fundamental Factors
Gold steadied on Thursday after rallying to its highest since
March 2014 a day earlier on the back of concerns about Britain's
vote to leave the European Union, as strength in stocks and the
dollar limited gains.
Crude oil prices strengthened on Thursday as the prospect of a
drawdown in U.S. crude inventories reinforced views that the
global oil market is tightening.

Important Data
Time

2:00pm
6:00pm
6:00pm

Currenc
y
GBP
CAD

CAD

6:00pm

USD

6:00pm

USD

6:00pm

USD

Event

Foreca
st

Previou
s

Goods Trade
Balance

-10.2B

-10.5B

Employment
Change

6.9K

13.8K

7.0%

6.9%

0.2%

0.2%

174K

38K

Unemployment
Rate
Average Hourly
Earnings m/m
Non-Farm
Employment
Change
Unemployment
Rate

4.8%

4.7%

Market Updates
MCX
Date
6-07-16
GOLD
32116
SILVER
47788
CRUDE
3197
COPPER
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS
COMEX
GOLD
SILVER
CRUDE
COPPER
USDINR
$ INDEX

324.35
111.40
124.05
680.90
142.60
188
Date
6-07-16
1367.10
20.203
47.43
2.154
67.6975
96.13

Date
7-07-16

Date
7-07-16
1361.50
19.812
45.34
2.121
67.5750
96.30

% Chg

% Chg
-0.41%
-1.94%
-4.41%
-1.51%
-0.18%
+0.18%

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity Entry
Exit
P/L
07/0 NICKEL
7
Multibagger
Date Commodity Entry
Exit
07/0 ALUMINIUM 7
Trifid special
Date Commodity Entry
Exit
07/0 LEAD
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P/L
-

P/L
-

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

31700
1353

31400
1344

32120
1365

32500
1375

SILVER

Gold showed bearish movement after gap up opening.

Now if it will break the important resistance level of
32000 then 32250 will act as next resistance level. On
lower side 31700 will act as vital support level.

COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

46400
19.40

45800
19.10

47160
19.90

47760
20.40

Silver showed bearish movement. Now if it will break the

important resistance level of 47200 then 47800 will act
as next resistance level. On lower side 46400 will act as
vital support level.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

3095

3050

3155

3220

COMEX

45.60

45.00

46.40

47.26

COPPER

Crude oil showed over all positive movement. Now if it

showed bearish movement and sustain below 3100
then 3050 will be next support level. On the other hand
3250 will act as important resistance level.
COMEX COPPER

PIVOTS

S1

S2

R1

R2

MCX

318.85

316.15

322.70

326.05

COMEX

2.1020

2.0000

2.1255

2.1460

Copper showed bearish movement in whole trading session

and found support of 319. Now if it will break the resistance
of 323 then 327 will act as next resistance level. On the other
hand 318 will act as a important support level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

110.10

108.20

112.40

113.50

4601

2669

Bearish

LEAD

121.40

120

125.20

127

8488

2381

Bearish

NICKEL

650

620

700

730

37393

10519

Bearish

ZINC

139.50

137.80

143.80

145.90

16506

7841

Bearish

NATURAL GAS

182.20

175

194

202

36809

7453

Bearish

LME INVENTORY
dasdasdinkjjlfcnl
COMMODITIES
1/07/2016

4/07/2016

5/07/2016

6/07/2016

7/07/2016

ALUMINIUM

-5750

-7025

-6825

-5300

-5925

COPPER

-2400

-725

+10525

+23625

-1825

LEAD

-75

-75

-350

-50

-100

NICKEL

+228

-1452

-1266

+780

+636

ZINC

-475

-600

-350

-350

-950

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Agri Commodity Updates

SOYABEAN
Soyabean showed bearish movement after found the
important resistance level of 3800. Now on lower
side 3800 will act as important support level below
which it will drags towards the support level of 3750.
On higher side some correction it towards the
resistance level of 3850.
PIVOTS

S1

S2

R1

R2

3800

3750

3850

3900

DHANIYA
Dhaniya showed bullish movement and found the
resistance of 7460. Now on higher side 7460 will act
as important resistance level above which it will
bounce towards the resistance level of 7550. On
lower side some correction pulls it towards the
support level of 7300.

PIVOTS

S1

S2

R1

R2

7300

7190

7460

7500

MENTHAOIL
Menthaoil showed bearish movement and break its
important support level. Now on lower side 823 will
act as important support level below which it will
drags towards the support level of 803. On higher
side some correction it towards the resistance level
of 845.

PIVOTS

S1

S2

R1

R2

829.50

823

836.80

845

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Intraday Super Star

(Premium Section)

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Multibagger Call
(Premium Section)

CALL: SELL CRUDE BELOW 3070 TARGETS 3010/2950 SL 3150.

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Trifid Special
(Premium Section)

CALL: SELL GOLD BELOW 31840 TARGETS 31740/31600 SL 32000.

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