Daily Market Reflection

20th 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 edged slightly higher as global equities and the dollar
drifted lower on Monday, although expectations of tighter US
monetary policy kept a lid on its gains.
US crude is unchanged in the Monday session. In North
American trade, WTI/USD futures are trading at $52.00. Brent
crude futures are trading at $54.80, as the Brent premium
stands at $2.80. On the release front, there are no major US
events on the schedule.
Important Data
Time

12:00am
Tentative

Currency

Event

USD

Fed Chair Yellen

Speaks

JPY

BOJ Policy Rate

Forecas
t

-0.10%

Previou
s

-0.10%

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

27164
39694
385.20
3510
117.05
152.05
758.30
184.45
229.90

Date
20-1216
27260
39454
375.25
3525
116.30
146.20
735
175.55
232.40

COMEX

Date
20-12-16
1142.40
16.085
53.12
2.496
102.76

% Chg

GOLD
SILVER
CRUDE
COPPER
$ INDEX

Date
16-12-16
1137.40
16.215
52.95
2.565
102.92

USDINR

67.8085

67.9125

+0.16%

EUR

Current Account

24.2B

25.3B

+0.35%
-0.60%
-2.58%
+0.43%
-0.64%
-3.85%
-3.07%
-4.83%
+1.09%

+0.44%
-0.82%
+0.34%
-2.67%
-0.17%

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity
Entry
Exit
P/L

19/1 SOYABEAN
2
Multibagger
Wholesale Sales
Date Commodity Entry
Exit
CAD
7:00pm
0.3%
-1.2%
m/m
19/1 COPPER
384
375
2
CB Leading Index
7:30pm
0.8%
Trifid special
CNY
m/m
Date Commodity Entry
Exit
Tentative
GDT
Price
Index
3.5%
19/1 ZINC
183
177
NZD
www.trifidresearch.com | Email id: info@trifidresearch.com
| Toll Free: 1800-270-1410
2
For our next calls click here..
2:30pm

% Chg

P/L
9000

P/L
30000

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

27000
1133

26800
1123

27400
1146

27600
1156

SILVER

Gold showed bullish movement and found the important

resistance level of 27280. Now if it will sustain below the
important support level of 27100 then 26900 will act as
next support level. On the other hand 27400 will act as a
major resistance level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

39000
15.84

38300
15.70

40000
16.25

40800
16.40

Silver showed bearish movement and found the

important support level of 39300. Now if it will sustain
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

51.40

50.70

52.60

53.20

Crude showed correction on lower side and found the

important support level of 3485. Now if it will close
below the important support level of 3450 then 3380 will
act as next support level. On the other hand 3560 will
act as a major resistance level.
.
COMEX COPPER

COPPER

PIVOTS

S1

S2

R1

R2

MCX

370

365

380

385

COMEX

2.4600

2.4350

2.4950

2.5200

Copper showed bearish movement and found the

important support level of 372. Now if it will close below
the important support level of 370 then 365 will act as
next support level. On the other hand 380 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

4913

2674

Bearish

LEAD

143

140

149

152

15230

2244

Bearish

NICKEL

724

710

755

775

26079

12284

Bearish

ZINC

173

170

178

181

25567

5030

Bearish

NATURAL GAS

225

220

235

239

51991

4313

Bullish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
Bank Holiday NO14/12/2016
LME DATA TODAY
COMMODITIES
13/12/2016

15/12/2016

16/12/2016

19/12/2016

ALUMINIUM

-22151

-22201

-2751

-28074

-5224

COPPER

+126624

+19949

+17174

+11776

+38399

LEAD

-51

-101

-49

-549

NICKEL

-73

+1141

+1669

-121

+115

ZINC

-1249

-902

-2202

-1826

-1301

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Agri Commodity Updates

GUARSEED
Guarseed showed bearish movement today and
found the support of 3215. If prices sustain below
3210 level in next trading session then this bearish
momentum can take prices to 3150 level. If it breaks
the resistance level of 3250 then 3300 will act as
next support level.
PIVOTS

S1

S2

R1

R2

3200

3150

3250

3300

JEERA
Jeera showed downward movement and breached
the important support level of 16900. Now on higher
side 17200 will act as important resistance level
above which it will pull towards the resistance level
of 17500. On lower side bearish movement can
drag it towards the support level of 16800.

PIVOTS

S1

S2

R1

R2

16800

16500

17200

17500

SOYABEAN
Soyabean showed bearish movement today. Prices
tried to drag down towards important support level
of 3015. Now if it will break the support level of 3000
then 2950 will act as next support level. On the
other hand 3050 will act as a major resistance level.

PIVOTS

S1

S2

R1

R2

3000

2970

3050

3080

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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 ZINC BELOW 175.50 TARGETS 174/172 SL 177.50.

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

Trifid Special
(Premium Section)

CALL: SELL SILVER BELOW 39300 TARGET 39000/38700 SL 39800.

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