Daily Market Reflection

30th November 2016

COMDEX

Market Outlook
Gold was flat as dollar stabilized after falls in previous session
as investors turned their attention to upcoming U.S. economic
reports and Wednesdays OPEC meeting. Investors were
waiting on raft of U.S. data, including a second look at third
quarter growth later in the day, ISM manufacturing data on
Thursday and Fridays nonfarm payrolls report for November.
Base metals traded lower as political risk resurfaced in Europe.
Oil prices fell as market jitters over whether producer cartel
OPEC would be able to hammer out meaningful output cut
during meeting on Wednesday.

Market Updates
MCX
Date
28-11-16
GOLD
SILVER
COPPER
CRUDE
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS

28748
40705
401.10
3260.00
118.55
167.20
788.50
192.55
230.00

Date
29-1116
28756
40944
392.85
3112
117.70
161.95
765.00
186.75
228.00

COMEX

Date
29-11-16
1187.00
16.727
45.22
2.607
101.09

% Chg

GOLD
SILVER
CRUDE
COPPER
$ INDEX

Date
28-11-16
1190.80
16.675
47.08
2.671
101.21

USDINR

68.9300

68.8300

-0.15%

Fundamental News
Gold prices fell on Tuesday due to expectations of rising U.S.
interest rates, a stronger dollar and improving sentiment for
global economic growth, which mean investors are likely to
favour risk assets such as equities.
Crude-oil futures dropped Tuesday on growing doubts that the
worlds biggest oil producers would reach a deal to cut global
output.
Important Data
Time

Currency

Event

6:45pm

USD

7:00pm

USD

7:00pm
8:15pm
8:30pm
9:00pm

+0.07%
+0.67%
-1.95%
-4.33%
-0.80%
-2.94%
-2.86%
-2.94%
-0.91%

-0.32%
+0.31%
-3.95%
-2.42%
-0.12%

Forecas
t

Previou
s

ADP Non-Farm
Employment
Change

161K

147K

Core PCE Price

Index m/m

0.1%

0.1%

Personal
Spending m/m

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity
Entry
Exit
P/L

0.5%

0.5%

5000

29/1 NICKEL
783
763
1
Multibagger
USD
Chicago PMI
52.1
50.6
Date Commodity Entry
Exit
29/1 ALUMINIUM 119
117.50
Pending Home
1
0.3%
1.5%
USD
Trifid special
Sales m/m
Date Commodity Entry
Exit
Crude Oil
-1.3M
USD
29/1 NATURAL G. Inventories
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| Toll Free: 1800-270-1410
1
For our next calls click here..
USD

% Chg

P/L
7500

P/L
-

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

28600
1175

28350
1170

28900
1186

29100
1194

SILVER

Gold showed sideways movement and found the

important support level of 28600. Now if it will close
below the important support level of 28600 then 28300
will act as next support level. On higher side 28900 will
act as vital resistance level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

40300
16.35

39700
16.15

41300
16.80

41800
17.00

Silver showed bullish movement and found the important

resistance level of 40850. Now if it will close above the
important resistance level of 41500 then 42000 will act
as next resistance level. On lower side 40300 will act as
vital support level.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

3050

3000

3175

3250

COMEX

44.70

44.00

45.80

46.50

COPPER

Crude showed bearish movement and found the

important support of 3090. Now if it breaks 3090 then
next support level is seen around 3040. On the other
hand 3200 will act as a major resistance level; if it
breaks the prices could visit 3300 level.
COMEX COPPER

PIVOTS

S1

S2

R1

R2

MCX

387

380

400

407

COMEX

2.5500

2.5100

2.6000

2.6500

Copper showed sideways to bearish movement and

found the important support level of 389. Now if it will
break the resistance level of 397 then 405 will act as
next resistance level. On the other hand 387 will act as
a major support level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

116.50

114.50

119

122

5370

1433

Bearish

LEAD

158

155

163

166

23643

1234

Bearish

NICKEL

750

725

775

800

23292

4786

Bearish

ZINC

182.50

180

189

192

30238

3044

Bearish

NATURAL GAS

225

222

230

233

51898

4553

Bearish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
Bank Holiday NO24/11/2016
LME DATA TODAY
COMMODITIES
23/11/2016

25/11/2016

28/11/2016

29/11/2016

ALUMINIUM

-7801

+899

-5451

+26524

-3226

COPPER

-2874

-3526

+1324

-2951

+1224

LEAD

NICKEL

+468

-223

-6

-715

+44

ZINC

-451

-1274

-226

-224

-175

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Agri Commodity Updates

GUARSEED
Guarseed showed bearish movement today. Prices
closed below the important support of 3300. If prices
hold above 3350 level in next trading session then
this bullish momentum can take prices to 3400 level.
If it breaks the support level of 3290 then 3250 will
act as next support level.
PIVOTS

S1

S2

R1

R2

3290

3250

3340

3380

JEERA
Jeera showed bearish movement and breached the
important support level of 18500. Now on higher
side 18800 will act as important resistance level
above which it will pull towards the resistance level
of 19000. On lower side bearish movement can
drag it towards the support level of 18300.

PIVOTS

S1

S2

R1

R2

18500

18300

18800

19100

SOYABEAN
Soyabean showed bearish movement today. Prices
tried to pull towards important resistance level of
3140. Now if it will break the support level of 3110
then 3070 will act as next support level. On the
other hand 3170 will act as a major resistance level.

PIVOTS

S1

S2

R1

R2

3110

3070

3160

3210

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Intraday Super Star

(Premium Section)

CALL: SELL GUARGUM BELOW 6230 TARGETS 6160/6100 SL 6330.

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Multibagger Call
(Premium Section)

CALL: BUY GOLD ABOVE 28780 TARGET 28850/28830 SL 28680.

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

Trifid Special
(Premium Section)

CALL: BUY SILVER ABOVE 40800 TARGETS 41200/41600 SL 40300.

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