Daily Market Reflection

4th November 2016

COMDEX

Market Outlook
Gold fell on profit-taking ahead of the Non-farm payrolls data
even as markets await the US election outcome next week.
Base Metals were trading higher as a softer U.S. dollar
cushioned prices. China's services sector grew at strongest
pace as new business picked up encouraging companies to hire
more workers. Crude oil prices closed lower after government
data showed a record rise in crude inventories. The huge
weekly rise in crude supplies was likely tied to oil transport and
reporting delays due to the hurricane and tropical storms last
month.
Fundamental News
Gold prices eased at the domestic bullion market here today on
lower off take from stockists and traders as well as subdued
local buying interest despite positive global cues. Silver dropped
on speculative profit-booking after its recent rally on the back of
reduced industrial buying fizzled out.
Oil prices resumed their slide on Thursday, hitting a new a fiveweek low after U.S. crude stocks data compounded doubts that
a glut in global oil supplies could be eroded.

Important Data
Time

Currency

Event

Forecast

Previou
s

6:00pm

CAD

Employment
Change

-10.0K

67.2K

6:00pm

CAD

7.0%

7.0%

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

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

Market Updates
MCX
Date
2-11-16
GOLD
30666
SILVER
44079
COPPER
328.35
CRUDE
3025
ALUMINIUM
114.65
LEAD
137.60
NICKEL
690.90
ZINC
162.05
NATURALGAS 188.90
COMEX

Date
3-11-16
30487
43348
331.90
2976
115.20
139.20
700.10
165.75
186.50

% Chg
-0.58%
-1.66%
+1.08%
-1.62%
+0.48%
+1.16%
+1.33%
+2.28%
-1.27%

Date
3-11-16
1302.50
18.400
44.56
2.247
97.20

% Chg

GOLD
SILVER
CRUDE
COPPER
$ INDEX

Date
2-11-16
1308.20
18.693
45.34
2.231
97.39

USDINR

66.9850

66.9650

-0.03%

-0.42%
-1.56%
-1.72%
+0.74%
-0.20%

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity
Entry
Exit
P/L

03/1 COPPER
330
332.50
1
0.3%
0.2%
USD
Multibagger
Date Commodity Entry
Exit
USD
174K
156K
03/1 ALUMINIUM 1
Trifid special
4.9%
5.0%
USD
Date Commodity Entry
Exit
03/1 CRUDE
Trade Balance
-37.5B
-40.7B
USD
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1
For our next calls click here..

2500

P/L
-

P/L
-

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

30300
1295

30000
1285

30600
1305

30900
1315

SILVER

Gold showed bearish movement and found the important

support level of 30200. Now if it will close above the
important resistance level of 30700 then 31000 will act
as next resistance level. On lower side 30200 will act as
vital support level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

43000
18.15

42500
17.95

43750
18.55

44250
18.75

Silver showed bearish movement and found the

important support level of 42650. Now if it will close
above the important resistance level of 43500 then
44000 will act as next resistance level. On lower side
42500 will act as vital support level.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

2950

2900

3000

3050

COMEX

44.10

43.60

45.00

45.50

COPPER

Crude showed bearish movement and found the

important support of 2965. Now if it will break the next
support level of 2950 then 2900 will act as next key
support level. On the other hand 3050 will act as a
major resistance level, if it breaks the prices could visit
3100 level.
COMEX COPPER

PIVOTS

S1

S2

R1

R2

MCX

329

326

333

337

COMEX

2.2220

2.1985

2.2470

2.2550

Copper showed bullish movement and found the

important resistance level of 332.50. Now if it will break
the support level of 333 then 337 will act as next
support level. On the other hand 328 will act as a major
resistance level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

114

112.90

116.20

118

6253

6659

Bullish

LEAD

138

136.40

140

141.20

12142

4642

Bullish

NICKEL

690

675

710

725

21892

12325

Bullish

ZINC

164

163

167

168.50

26441

16672

Bullish

NATURAL GAS

182

180

189

193

95494

8908

Bearish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
Bank Holiday NO28/10/2016
LME DATA TODAY
COMMODITIES
27/10/2016

1/11/2016

2/11/2016

3/11/2016

ALUMINIUM

-5051

-4851

-751

-3200

-4400

COPPER

-4774

-5049

-1351

-475

-8400

LEAD

-148

+850

-125

NICKEL

-236

-542

-535

-102

+174

ZINC

-349

-174

-74

-150

-200

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Agri Commodity Updates

GUARSEED
Guarseed showed sideways movement and
breached the important resistance level of 3380.
Now if it will break the support level of 3350 then
3310 will act as next support level. On the other
hand 3410 will act as a major resistance level.

PIVOTS

S1

S2

R1

R2

3340

3310

3410

3450

JEERA
Jeera showed bullish movement breached to
resistance level of 17700. Now on higher side
17800 will act as important resistance level above
which it will pull towards the resistance level of
18000. On lower side bearish movement drags it
towards the support level of 17400.

PIVOTS

S1

S2

R1

R2

17400

17000

17800

18000

SOYABEAN
Soyabean showed sideways movement and
breached the important support of 3150. Now if it
will break the support level of 3130 then 3100 will
act as next support level. On the other hand 3180
will act as a major resistance level.

PIVOTS

S1

S2

R1

R2

3130

3100

3180

3200

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Intraday Super Star

(Premium Section)

CALL: BUY COPPER ABOVE 332 TARGETS 335/338 SL 327.

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Multibagger Call
(Premium Section)

CALL: BUY ZINC ABOVE 166 TARGETS 167/168 SL 164.50.

www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410

Trifid Special
(Premium Section)

CALL: SELL CRUDE BELOW 3000 TARGETS 2900/2800 SL 3150.

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