Daily Market Reflection

18th August 2016

Market Outlook

COMDEX

Gold edged lower as hawkish comments from U.S. Federal

Reserve officials raised bets on a rate hike this year, investors
will now wait for the last Fed policy meeting for more clues.
Base metals are mixed as investors remain uncertain about
global growth prospects, Copper drifted lower amid lack of
liquidity and direction. Oil prices are under pressure, falling from
a five-week high as market players awaits fresh weekly
information on U.S. stockpiles.
Fundamental News
Gold futures returned to negative territory Wednesday morning
Fundamental
Factors
in the US with
investors heading to the sidelines before the US
central bank issues its latest monetary statement
Oil prices gained modestly on Wednesday after a drawdown in
U.S. crude and gasoline stocks offset signs that Saudi Arabia
was cranking production to record highs, adding to a global glut.
The copper market was drifting in negative territory during the
midweek session with investors seeking further US monetary
clarity before returning.

Important Data
Time

Currenc
y

Event

7:30pm

USD

Foreign Securities
Purchases
Philly Fed
Manufacturing
Index
Unemployment
Claims
CB Leading Index
m/m

7:35pm

USD

FOMC Member
Dudley Speaks

8:00pm

USD

Natural Gas
Storage

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

CAD
USD
USD

Foreca
st

Previou
s

17.23B

14.73B

1.4

-2.9

269K

266K

0.3%

0.3%

26B

29B

Market Updates
MCX
Date
16-08-16
GOLD
SILVER
COPPER

31467
46336
321.20

Date
17-0816
31368
45886
319

% Chg

CRUDE
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS
COMEX

3114
113.15
125.95
685.40
152.30
176.10
Date
17-08-16
1348.95
19.610
46.51
2.153
66.8725

+0.32%
+0.27%
+0.64%
+0.04%
+0.89%
+0.80%

GOLD
SILVER
CRUDE
COPPER
USDINR

3104
122.85
125.25
685.10
150.95
174.70
Date
16-08-16
1356.90
19.874
46.58
2.172
67.0025

$ INDEX

94.75

94.86

+0.12%

-0.31%
-0.97%
-0.68%

-0.61%
-1.32%
-0.13%
-0.87%
-0.19%

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity Entry
Exit
P/L
17/0 NATURAL G. 176
177.70
8
Multibagger
Date Commodity Entry
Exit
17/0 MENTHAOIL 8
Trifid special
Date Commodity Entry
Exit
17/0 GOLD
8
For our next calls click here..

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2125

P/L
-

P/L
-

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

31240
1340

31000
1333

31580
1351

31820
1360

SILVER

Gold showed sideways movement. Now if it will close

below the important support level of 31250 then 31000
will act as next support level. On higher side 31600 will
act as vital resistance level.

COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

45875
19.45

45450
19.30

46665
19.75

47220
20.00

Silver showed sideways to bearish movement in todays

session. Now if it will sustain below its support level of
46000 then 45500 will act as next support level. On the
other hand 47500 will act as important resistance level.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

3075

3025

3125

3175

COMEX

46.00

45.40

47.50

48.00

Crude oil showed bullish movement. Now if it will

maintain above 3130 then 3200 will be next resistance
level. On the other hand 3000 will act as important
support level.
COMEX COPPER

COPPER

PIVOTS

S1

S2

R1

R2

MCX

317

315

322

325

COMEX

2.1350

2.1215

2.1550

2.1710

Copper showed bearish movement and drag down towards

the support level of 318. Now if it will break the support
level of 316 then 312 will act as next support level. On the
other hand 325 will act as a major resistance level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

113.60

115

112

110.50

5670

4194

Bullish

LEAD

126.80

128.20

125

123.50

11845

3472

Bullish

NICKEL

680

671

695

705

30603

16279

Bullish

ZINC

151

149.50

153.20

155

19183

12019

Bullish

NATURAL GAS

173

171

178

180

53460

7125

Bullish

LME INVENTORY
dasdasdinkjjlfcnl
COMMODITIES
10/08/2016

11/08/2016

12/08/2016

16/08/2016

17/08/2016

ALUMINIUM

-7900

-8075

-8000

-2250

+18300

COPPER

-525

-900

-1550

-1175

+7925

LEAD

-75

-425

-150

-50

-175

NICKEL

-762

-900

-270

+4944

-414

ZINC

+29800

-625

-175

-275

-375

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Agri Commodity Updates

DHANIYA
Dhaniya showed sideways to bullish movement and
found its important resistance level of 8000. Now on
higher side 8050 will act as important resistance
level above which it will pull towards the resistance
level of 8200. On lower side some correction will
take it towards the support level of 7800.
PIVOTS

S1

S2

R1

R2

7800

7600

8050

8250

RMSEED
Rmseed showed bearish movement and near to its
support level of 4800. Now on higher side 4850 will
act as important resistance level above which it will
pull towards the resistance level of 4900. On lower
side some correction drags it towards the support
level of 4770.

PIVOTS

S1

S2

R1

R2

4770

4730

4850

4900

JEERA
Jeera showed bullish movement and correct on
higher side. Now on lower side 18000 will act as
important support level below which it will drag
down towards the support level of 17700. On higher
side some correction pulls it towards the resistance
level of 18600

PIVOTS

S1

S2

R1

R2

18000

17700

18600

19000

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Intraday Super Star

(Premium Section)

CALL: BUY ZINC ABOVE 152.50 TARGETS 153.30/154.30 SL 151.50.

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Multibagger Call
(Premium Section)

CALL: SELL MENTHAOIL BELOW 893 TARGETS 880/865 SL 910.

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Trifid Special
(Premium Section)

CALL: BUY GOLD ABOVE 31580 TARGETS 31680/31780 SL 31480.

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