Daily Market Reflection

28th March 2017

Market Outlook COMDEX

Gold prices rallied to a four-week high on Monday, as growing
doubts about U.S. President Donald Trump's pro-growth
economic agenda prompted investors to dump risky assets and
rush to safe havens. The dollar slid to a near five-month low
against a basket of currencies on Monday after President Donald
Trump's failure to push through a healthcare reform bill prompted
investors to question the extent to which he can deliver on growth
policies that have been priced in since his election. Oil prices fell
on Monday, pulled down by rising U.S. drilling activity and by Market Updates
doubts whether an OPEC-led production cut initially due to end in MCX Date Date % Chg
mid-2017 would be extended. 24-03-17 27-03-
17
Fundamental News
GOLD 28793 28800 +0.02%
Prices of the precious metal turned lower as the dollar steadied
SILVER 41530 42119 +1.42%
after Republican leaders dropped legislation to replace the COPPER 380.55 378.95 -0.47%
Affordable Care Act before a planned vote in the House of CRUDE 3141 3111 -0.99%
Representatives, after it failed to gather enough support to pass. ALUMINIUM 126.05 125.10 -0.83%
LEAD 153.20 148.90 -2.84%
OPEC members increasingly favor extending the output curb NICKEL 643.60 637 -1.13%
beyond June to balance the market, sources within the group ZINC 184.15 179.30 -2.74%
said, although they added that this would require non-OPEC NATURALGAS 200.40 199.40 -0.45%
members such as Russia to also step up their efforts. COMEX Date Date % Chg
24-03-17 27-03-17
Important Data GOLD 1248.50 1255.25 +0.54%
SILVER 17.748 18.102 +1.99%
Time Currency Event Forecast Previous CRUDE 47.97 47.63 -0.73%
COPPER 2.631 2.630 -0.04%
$ INDEX 99.59 98.98 -0.61%
Goods Trade
6:00pm USD -66.6B -68.8B USDINR 65.4125 65.0500 -0.55%
Balance
Prelim Wholesale
6:00pm USD 0.2% -0.2%
Inventories m/m OUR PREVIOUS CALLS UPDATE
S&P/CS Intraday super star
6:30pm USD Composite-20 HPI 5.7% 5.6% Date Commodity Entry Exit P/L
y/y 27/3 COPPER 378 373 5000
CB Consumer Multibagger
7:30pm USD Confidence 113.9 114.8
Date Commodity Entry Exit P/L
27/3 ALUMINIUM - - -
Richmond
Trifid special
7:30pm USD Manufacturing 16 17
Date Commodity Entry Exit P/L
Index
BOC Gov Poloz 27/3 CRUDE - - -
7:40pm CAD For our next calls click here..
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 Gold and Silver

GOLD COMEX GOLD

Gold showed sideways to bullish movement and found

the important resistance level of 28950. Now if it will
PIVOT S1 S2 R1 R2
S sustain below the important support level of 28700 then
MCX 28700 28500 29000 29200 28500 will act as next support level. On the other hand
COME 1250 1235 1261 1275 29000 will act as a major resistance level.

SILVER COMEX SILVER

Silver showed bullish movement and found the important

PIVOTS S1 S2 R1 R2 resistance level of 42150. Now if it will sustain below
41700 then 41300 will act as next support level. On the
MCX 41700 41300 42200 42700
other hand 42500 will act as a major resistance level.
COMEX 17.85 17.60 18.15 18.40

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 Crude and Copper

CRUDE COMEX CRUDE

Crude showed sideways to bearish movement and

PIVOTS S1 S2 R1 R2 found the important support level of 3075. Now if it will
close below the important support level of 3070 then
MCX 3080 3050 3150 3200
3020 will act as next support level. On the other hand
COMEX 47.20 46.50 48.20 48.70
3150 will act as a major resistance level.

COPPER COMEX COPPER

Copper showed bearish movement and found the

important support level of 370. Now if it will close below
PIVOTS S1 S2 R1 R2
the important support level of 370 then 365 will act as
MCX 375 370 385 390 next support level. On the other hand 385 will act as a
COMEX 2.5950 2.5600 2.6300 2.6500 major resistance level.

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 Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND

S

ALUMINIUM 124 123 127 128.50 5411 1199 Bearish

LEAD 147 145 150 152 12807 1348 Bearish

NICKEL 620 600 650 665 26659 27928 Bearish

ZINC 175 173 180 182 19762 4217 Bearish

NATURAL GAS 197 193 203.50 207 34115 4137 Bullish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
COMMODITIES Bank Holiday NO LME
21/03/2017 DATA TODAY
22/03/2017 23/03/2017 24/03/2017 27/03/2017

ALUMINIUM -10850 -10450 -9950 -8850 -9925

COPPER -3125 -5875 -6875 -4575 -1150

LEAD -400 +175 +175 +175 +175

NICKEL -876 -234 +462 +90 -108

ZINC +3750 -1275 -975 -1350 -1100

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 Agri Commodity Updates

GUARSEED
Guarseed showed sideways movement and found
the important support level of 3750. If prices sustains
below 3750 level in next trading session then this
bearish momentum can take prices to 3700 level. If it
breaks the resistance level of 3850 then 3900 will act
as next resistance level.

PIVOTS S1 S2 R1 R2

3750 3700 3850 3900

JEERA
Jeera showed bearish movement today and found
the support level of 17750. If prices sustain below
17700 levels in next trading session then this
bearish momentum can take prices to 17500 levels.
If it breaks the resistance level of 18100 then 18300
will act as next resistance level.

PIVOTS S1 S2 R1 R2

17700 17500 18100 18300

SOYABEAN
Soyabean showed sideways movement and found
the important support level of 2860. If prices sustain
below 2860 level in next trading session then this
bearish momentum can take prices to 2830 level. If
it breaks the support level of 2910 then 2950 will act
as next support level.

PIVOTS S1 S2 R1 R2

2860 2830 2910 2950

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 Intraday Super Star
(Premium Section)

CALL: SELL SOYABEAN BELOW 2860 TARGETS 2830/2800 SL 2910.

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 Multibagger Call
(Premium Section)

CALL: BUY SILVER ABOVE 42160 TARGETS 42500/42800 SL 41700.

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 Trifid Special
(Premium Section)

CALL: SELL CRUDE BELOW 3100 TARGET 3070/3040 SL 3146

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