Daily Market Reflection

19th December 2016

COMDEX

Market Outlook
Low investment demand, stronger dollar index and rate hike in
the US are push factors exerting downside pressure on precious
metals.
The selloff could extend further as 11 of 17 voting members of
the fed suggested at least three rate hikes in 2017. Base metals
are mixed on the LME but a stronger dollar could weigh across
the complex today. We expect copper, lead and aluminum to
trade lower while range bound in zinc and nickel. In energy
sector, Crude Oil prices remained steady on morning in Asian
trade Investors will await cues from of data from Building
Permits and Housing Starts for November US tonight. We
expect range bound trade in oil prices.
Fundamental News
Gold spiked to session highs on Friday following word of
renewed tension in the South China Sea after word China
seized an American underwater drone off the coast of the
Philippines on Thursday.
Oil rose on Friday, edging closer to new 17-month highs as
producers showed signs of adhering to a global deal to reduce
output.

Important Data
Time
Currency

Event

3:15am

NZD

Building Consents
m/m

5:20am

JPY

Trade Balance

5:30am
2:30pm
7:00pm
8:15pm

Forecas
t

Previou
s
0.2%

0.59T

0.47T

Market Updates
MCX
Date
15-12-16
GOLD
SILVER
COPPER
CRUDE
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS

27000
39120
392.25
3489
118.40
156.85
763.40
189.80
233.40

Date
16-1216
27164
39694
385.20
3510
117.05
152.05
758.30
184.45
229.90

COMEX

Date
16-12-16
1136.65
16.155
52.03
2.549
102.81

% Chg

GOLD
SILVER
CRUDE
COPPER
$ INDEX

Date
15-12-16
1129.80
15.958
50.90
2.601
103.15

USDINR

67.8850

67.8125

-0.11%

+0.54%
+1.02%
-1.65%
+0.66%
-1.22%
-3.34%
-0.67%
-2.90%
-1.84%

+0.61%
+1.23%
+2.22%
-1.98%
-0.33%

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity
Entry
Exit
P/L

16/1 RMSEED
4550
4490
2
NZD
Multibagger
German Ifo
Date Commodity Entry
Exit
EUR
110.7
110.4
16/1
CRUDE
Business Climate
2
CB Leading Index
Trifid special
0.5%
AUD
m/m
Date Commodity Entry
Exit
Flash Services
16/1 NATURAL G. 232
227
55.2
54.6
USD
PMI | Email id: info@trifidresearch.com
www.trifidresearch.com
| Toll Free: 1800-270-1410
2
For our next calls click here..
ANZ Business
Confidence

% Chg

6000

20.5

P/L
-

P/L
6250

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

26800
1120

26500
1100

27500
1140

27800
1160

SILVER

Gold showed bullish movement and found the important

support level of 26972. Now if it will close below the
important support level of 26800 then 26500 will act as
next support level. On the other hand 27500 will act as a
major resistance level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

39000
15.75

38300
15.50

40000
16.20

40800
16.40

Silver showed bullish movement and found the important

support level of 39188. Now if it will close below the
important support level of 39000 then 38300 will act as
next support level. On the other hand 40000 will act as a
major resistance level.
.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

3450

3390

3560

3610

COMEX

50.50

49.60

52.80

54.00

Crude showed bullish movement and found the

important support level of 3427. Now if it will close
below the important support level of 3390 then 3300 will
act as next support level. On the other hand 3610 will
act as a major resistance level.
.
COMEX COPPER

COPPER

PIVOTS

S1

S2

R1

R2

MCX

379

374

390

400

COMEX

2.5080

2.4380

2.5610

2.6120

Copper showed bearish movement and found the

important support level of 384.Now if it will close below
the important support level of 383 then 375 will act as
next support level. On the other hand 395 will act as a
major resistance level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

115

113

119

122

4337

2717

Bearish

LEAD

149

145

155

160

12748

1884

Bearish

NICKEL

745

725

780

800

22282

11411

Bearish

ZINC

182

179

187

190

19853

6685

Bearish

NATURAL GAS

225

220

233

238

44791

4401

Bearish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
Bank Holiday NO13/12/2016
LME DATA TODAY
COMMODITIES
9/12/2016

14/12/2016

15/12/2016

16/12/2016

ALUMINIUM

-5750

-22151

-22201

-2751

-28074

COPPER

-7800

+126624

+19949

+17174

+11776

LEAD

-51

-101

-49

NICKEL

-78

-73

+1141

+1669

-121

ZINC

-675

-1249

-902

-2202

-1826

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Agri Commodity Updates

GUARSEED
Guarseed showed bearish movement today and
found the support of 3250. If prices sustain below
3250 level in next trading session then this bearish
momentum can take prices to 3200 level. If it breaks
the resistance level of 3300 then 3350 will act as
next support level.
PIVOTS

S1

S2

R1

R2

3250

3190

3300

3350

JEERA
Jeera showed sideways movement and breached
the important resistance level of 17350. 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
can drag it towards the support level of 17150.

PIVOTS

S1

S2

R1

R2

17300

17000

17800

18000

SOYABEAN
Soyabean showed bearish movement today. Prices
tried to drag down towards important support level
of 3035. Now if it will break the support level of 3030
then 3000 will act as next support level. On the
other hand 3080 will act as a major resistance level.

PIVOTS

S1

S2

R1

R2

3030

3000

3080

3110

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Intraday Super Star

(Premium Section)

CALL: SELL SOYABEAN BELOW 3035 TARGET 3000/2970 SL 3085.

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Multibagger Call
(Premium Section)

CALL: SELL COPPER BELOW 384 TARGETS 380/375 SL 391.

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Trifid Special
(Premium Section)

CALL: SELL ZINC BELOW 183 TARGET 180/177 SL 187.

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