Daily Market Reflection

7th September 2016

Market Outlook

COMDEX

Bullion closed higher yesterday as a fall in the U.S. servicesector index to its weakest level in over six years appeared to
diminish the likelihood of a U.S. interest-rate hike this month,
fueling a drop in the dollar. Bullion may continue bullish trend.
Base metals were mixed. Aluminium, Nickel rose while Zinc,
Lead dropped. Copper remained flat with its previous closing as
strike at Codelcos copper deposit in Chile are affecting
production, is acting as a positive factor while low demand as
negative factor. Crude oil closed lower as hopes waned for an
agreement between two of the biggest oil producers to freeze
output to tackle a global supply glut.

Market Updates
MCX
Date
05-09-16

Fundamental News
Gold prices rose to their highest level in more than a week
Tuesday, lifted by a weaker dollar and expectations that the
Federal Reserve is unlikely to raise interest rates this month.
Oil slipped below $47 a barrel on Tuesday, falling further from
the previous session's one-week high on receding hopes for
imminent action to tackle a global supply glut.

Important Data
Time

2:00pm

Currenc
y
GBP

Event
Manufacturing
Production m/m

CAD

Inflation Report
Hearings
BOC Rate
Statement

CAD

Overnight Rate

7:30pm

USD

FOMC Member
George Speaks

7:30pm

USD

JOLTS Job
Openings

6:45pm
7:30pm
7:30pm

GBP

Foreca
st

Previou
s

-0.4%

-0.3%

GOLD
SILVER
COPPER

30985
46463
311.05

Date
06-0916
31378
47607
311.05

% Chg

CRUDE
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS
COMEX

2964
105.95
129.10
676.50
154.15
180.60
Date
06-09-16
1351.55
20.038
44.36
2.089
94.89

-0.57%
+0.14%
-2.01%
+0.48%
-2.06%
-2.27%
% Chg

GOLD
SILVER
CRUDE
COPPER
$ INDEX

2981
105.80
131.75
673.30
157.40
184.80
Date
5-09-16
1326.70
19.366
44.44
2.078
95.74

USDINR

67.0850

66.7350

-0.52%

+1.27%
+2.46%
0%

+1.87%
+3.47%
-0.16%
+0.53%
-0.89%

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity Entry
Exit
P/L

0.50%

5.58M

0.50%

5.62M

06/0 RMSEED
4710
4745
9
Multibagger
Date Commodity Entry
Exit
06/0 LEAD
9
Trifid special
Date Commodity Entry
Exit
06/0 GOLD
31000 31250
9
For our next calls click here..

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3500

P/L
-

P/L
25000

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

31150
1340

30950
1330

31370
1355

31500
1365

SILVER

Gold showed bullish movement and near to its

resistance level of 31350. Now if it will close above the
important resistance level of 31370 then 31500 will act
as next resistance level. On lower side 31150 will act as
vital support level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

47000
19.60

46500
19.40

48000
20.20

48500
20.50

Silver showed bullish movement in todays session. Now

if it will maintain above its resistance level of 47500 then
48000 will act as next resistance level. On the other
hand 47000 will act as important support level.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

2900

2850

3000

3050

COMEX

44.00

43.20

45.80

46.80

Crude oil showed bearish movement. Now if it will

maintain above 3000 then 3100 will be next resistance
level. On the other hand 2900 will act as important
support level.
COMEX COPPER

COPPER

PIVOTS

S1

S2

R1

R2

MCX

309.50

308

312

314

COMEX

2.0500

2.0400

2.0700

2.0800

Copper showed bearish movement and found the important

support of 309.50. Now if it will break the support level of
309.50 then 308 will act as next support level. On the other
hand 313 will act as a major resistance level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

105.20

104

107

108

197

212

Bullish

LEAD

128.80

127.20

131

133

241

193

Bearish

NICKEL

660

650

685

695

626

1790

Bullish

ZINC

154

152.20

156

158

892

1923

Bearish

NATURAL GAS

180

176

183

186

30723

6201

Bearish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
Bank Holiday NO31/08/2016
LME DATA TODAY
COMMODITIES
30/08/2016

1/09/2016

2/09/2016

6/09/2016

ALUMINIUM

-6850

-5450

-6650

-6975

-3900

COPPER

+11650

+10300

+11250

+13725

+6450

LEAD

+500

-425

-25

-225

NICKEL

+294

-744

-1020

-666

+138

ZINC

-875

-1350

-850

-575

-575

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Agri Commodity Updates

DHANIYA
Dhaniya showed sideways to bearish movement and
found its important support level of 8000. Now on
higher side 8400 will act as important resistance
level above which it will pull towards the resistance
level of 8550. On lower side some correction will
take it towards the support level of 8000.
PIVOTS

S1

S2

R1

R2

8100

8000

8300

8500

RMSEED
Rmseed showed bullish movement and found its
resistance level of 4770. Now on higher side 4800
will act as important resistance level above which it
will pull towards the resistance level of 4850. On
lower side bearish movement drags it towards the
support level of 4675.

PIVOTS

S1

S2

R1

R2

4675

4625

4765

4800

JEERA
Jeera showed sideways movement and found
resistance of 18500. Now on lower side 17850 will
act as important support level below which it will
drag down towards the support level of 17600. On
higher side some correction pulls it towards the
resistance level of 18500.

PIVOTS

S1

S2

R1

R2

17900

17600

18300

18500

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Intraday Super Star

(Premium Section)

CALL: SELL ALUMINIUM BELOW 104.85 TARGETS 104/103 SL 106.

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Multibagger Call
(Premium Section)

CALL: SELL ZINC BELOW 153.80 TARGETS 152.50/151.50 SL 155.20.

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Trifid Special
(Premium Section)

CALL: BUY GOLD ABOVE 31410 TARGETS 31510/31610 SL 31280.

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