Daily Market Reflection

25 th July 2016
Market Outlook

COMDEX

Gold prices slipped as investors stayed on sidelines ahead of

the crucial Fed and BOJ meeting next week. The short term
trend of gold could remain range-bound. Crude oil eased further
as U.S. data this week concerned the feeling of glut in
petroleum, while Iraqi and Russian crude exports are also on
the rise. Base metals are mostly flat. Zinc is holding higher as
the global zinc market is in deficit.
Market Updates
MCX
Date
21-07-16

Fundamental News
Fundamental Factors
Gold fell on Friday as investors cashed in profits following a 1.2
percent gain in the previous session on improving demand for
the metal on signs U.S. and European central banks will
continue loose monetary policies in the medium term.
Crude oil prices traded mostly lower Friday, giving up overnight
gains as prospects for Libyan supply added to this weeks
concerns that a glut of oil products will cut demand for crude by
refiners.

Important Data

Time

Currenc
y

Event

5:20am

JPY

Trade Balance

25th29th

EUR

German Retail
Sales m/m

25th29th

EUR

1:30pm

EUR

German Import
Prices m/m
German Ifo
Business Climate

3:30pm

GBP

CBI Industrial Order

Expectations

Foreca
st

Previou
s
0.27T
0.9%
0.9%
108.7
-2

GOLD
SILVER
CRUDE

31014
46621
3042

Date
22-0716
30871
46321
2961

% Chg

COPPER

337.30

333.55

-1.17%

ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS
COMEX

107.45
123
696.40
151.10
187.30
Date
22-07-16
1322.25
19672
44.11
2.233
67.0950

+0.56%
-1.09%
-3.01
+0.10%
+3.94%
% Chg

GOLD
SILVER
CRUDE
COPPER
USDINR

106.85
124.30
717.70
151.05
180.00
Date
21-07-16
1331.00
19.815
44.75
2.259
67.2150

$ INDEX

96.94

97.52

+0.60%

-0.43%
-0.64%
-2.53%

-0.66%
-0.73%
-1.43%
-1.13%
-0.18%

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity Entry
Exit
P/L
22/0 ZINC
151.20 152
7
Multibagger
Date Commodity Entry
Exit
22/0 LEAD
7
Trifid special
Date Commodity Entry
Exit
22/0 SILVER
7
For our next calls click here..

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4000

P/L
-

P/L
-

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

30800
1315

30600
1305

31150
1330

31300
1340

SILVER

Gold showed sideways movement and touched the

support level of 30800. Now if it will close below the
important support level of 30800 then 30600 will act as
next support level. On higher side 31150 will act as vital
resistance level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

46000
19.40

45500
19.15

47000
19.85

47500
20.12

Silver showed sideways movement all the day. Now if it

will break the support level of 46000 then 45500 will act
as next support level. On higher side 46800 will act as
vital resistance level.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

2920

2870

3010

3060

COMEX

43.50

43.00

44.50

45.00

COPPER

Crude oil showed bearish movement and also closed

below its important support level of 3000. Now if it will
sustain below 2950 then 2850 will be next support level.
On the other hand 3050 will act as important resistance
level.
COMEX COPPER

PIVOTS

S1

S2

R1

R2

MCX

332

328

336

340

COMEX

2.2085

2.1965

2.2325

2.2490

Copper showed bearish movement and drag towards the

support level of 332. Now if it will break the support level of
332 then 328 will act as next support level. On the other
hand 336 will act as a major resistance level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

106.80

105.60

108

109.10

6514

3725

Bullish

LEAD

122.30

121.15

124

125.50

13928

2815

Bearish

NICKEL

686

672

708

730

53472

12012

Bearish

ZINC

150

148.90

152

153.40

28874

12150

Bullish

NATURAL GAS

184

181

189.70

193

53074

6371

Bullish

LME INVENTORY
dasdasdinkjjlfcnl
COMMODITIES
18/07/2016

19/07/2016

20/07/2016

21/07/2016

22/07/2016

ALUMINIUM

-7075

-7150

-7425

+12600

+14950

COPPER

-1850

-3125

+1700

+400

-5657

LEAD

-75

-75

-500

-150

+1575

NICKEL

-606

+768

-546

-1656

-186

ZINC

-150

-225

-100

-625

-400

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Agri Commodity Updates

SOYAREF
Soyaref showed bearish movement and closed near
to its support level of 638. Now on higher side 642
will act as important resistance level above which it
will pull towards the resistance level of 647. On lower
side some correction will take it towards the support
level of 635.
PIVOTS

S1

S2

R1

R2

637

633

641.50

645.50

DHANIYA
Dhaniya showed sideways movement on lower side
and found the support near to 7600. Now on higher
side 7780 will act as important resistance level
above which it will pull towards the resistance level
of 7850. On lower side some correction drags it
towards the support level of 7750.

PIVOTS

S1

S2

R1

R2

7600

7550

7775

7825

SOYABEAN
Soyabean showed bearish movement. Now on
lower side 3670 will act as important support level
below which it will drag down towards the support
level of 3600. On higher side some correction pulls
it towards the resistance level of 3725.

PIVOTS

S1

S2

R1

R2

3660

3600

3725

3775

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Intraday Super Star

(Premium Section)

CALL: SELL COPPER BELOW 332.10 TARGETS 330/328 SL 336.

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Multibagger Call
(Premium Section)

CALL: SELL LEAD BELOW 122.80 TARGETS 121.80/120.80 SL 124..20.

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Trifid Special
(Premium Section)

CALL: BUY GOLD ABOVE 30910 TARGETS 31010/31110 SL 30770.

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