Daily Market Reflection

25th May 2017

-
Market Outlook COMDEX
Gold prices were lower on Wednesday, as investors looked
ahead to minutes of the Federal Reserves latest policy meeting
due later in the global day for further hints on the timing of the
next U.S. rate hike. The Fed will release minutes of its most
recent policy meeting as traders seek further insight into the
likelihood of higher interest rates in the months ahead. Oil prices
were higher on Wednesday, trying for their sixth straight session
of gains on the likelihood that OPEC will extend production cuts
for another nine months when it meets on Thursday. The base Market Updates
metals prices are weaker; the exception is aluminium that is little MCX Date Date % Chg
changed, while the rest are down by an average of 0.9%. 23-05-17 24-05-
17
GOLD 28811 28713 -0.34%
Fundamental News SILVER 39958 39832 -0.31%
The U.S. central bank left interest rates unchanged following its COPPER 373.60 371.50 -0.56%
meeting on May 3 and gave a positive assessment of the U.S. CRUDE 3341 3329 -0.35%
ALUMINIUM 126.45 126.10 -0.27%
economy, suggesting it was still on track for two more rate hikes
LEAD 134.90 133.95 -0.70%
this year. NICKEL 604.80 589.80 -2.48%
ZINC 172.55 171.30 -0.72%
Prices have rebounded on a growing consensus that a pledge by
NATURALGAS 210 208.60 -0.66%
the OPEC and other producers, including Russia, to cut supplies
by 1.8 million barrels per day would be extended to March 2018, COMEX Date Date % Chg
23-05-17 24-05-17
instead of just covering the first half of this year.
GOLD 1255.50 1253.48 -0.16%
SILVER 17.139 17.140 +0.01%
CRUDE 51.47 51.19 -0.56%
Important Data
COPPER 2.596 2.583 -0.50%
$ INDEX 97.28 97.28 -
Time Currency Event Foreca Previous USDINR 64.9125 64.7725 -0.22%
st
Annual Budget
07:30 am NZD
Release OUR PREVIOUS CALLS UPDATE
Second Estimate GDP Intraday super star
02:00 pm GBP 0.3% 0.3% Date Commodity Entry Exit P/L
q/q
23/0 SOYABEAN 2805 2775 +3000
Prelim Business 5
02:00pm GBP 0.3% -0.9%
Investment q/q
Multibagger
Date Commodity Entry Exit P/L
All Day ALL OPEC Meetings 22/0 CRUDE 3290 3360 -7000
5
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06:00pm USD 238K 232K
Claims Date Commodity Entry Exit P/L
23/0 ZINC - - -
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 Gold and Silver

GOLD COMEX GOLD

Gold showed sideways movement and found the

important resistance level of 28850. Now if it will close
PIVOT S1 S2 R1 R2
S above the important resistance level of 28850 then
MCX 28500 28300 28850 29050 29050 will act as next resistance level. On the other
COME 1240 1230 1265 1275 hand 28500 will act as a major support level.

SILVER COMEX SILVER

Silver showed bullish movement and found the important

PIVOTS S1 S2 R1 R2 resistance level of 39900. Now if it will close above the
important resistance level of 39900 then 40400 will act
MCX 39500 39000 39900 40400
as next resistance level. On the other hand 39500 will
COMEX 16.90 16.80 17.20 17.30
act as a major support level.

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 Crude and Copper

CRUDE COMEX CRUDE

Crude showed sideways movement and find the

PIVOTS S1 S2 R1 R2 important resistance level of 3400. Now if it will close
above the important resistance level of 3400 then 3450
MCX 3300 3250 3400 3450
will act as next resistance level. On the other hand 3300
COMEX 50.80 50.30 51.80 52.30
will act as a major support level.

COPPER COMEX COPPER

Copper showed sideways movement and find the

important resistance level of 373. Now if it will close
PIVOTS S1 S2 R1 R2
above the important resistance level of 373 then 378
MCX 368 363 373 378 will act as next resistance level. On the other hand 368
COMEX 2.5500 2.5400 2.5750 2.5850 will act as a major support level.

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 Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND

S

ALUMINIUM 124 122 128 130 5782 2213 Bullish

LEAD 131 129 136 138 12417 3862 Bearish

NICKEL 570 550 605 625 28240 33601 Bearish

ZINC 168 166 173 175 18757 4548 Bullish

NATURAL GAS 202 198 213 218 42447 2225 Bearish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
COMMODITIES Bank Holiday NO LME
18/05/2017 DATA TODAY
19/05/2017 22/05/2017 23/05/2017 24/05/2017

ALUMINIUM -11400 -8700 -11350 -6025 -9300

COPPER +750 -3700 -4350 -2425 -4200

LEAD +650 -25 -1200 +300 -25

NICKEL -516 -930 -36 -444 +6384

ZINC -2825 -2200 -2325 -1200 -1750

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 Agri Commodity Updates

GUARSEED
Guarseed showed bearish movement and found the
important support level of 3478. If prices sustains
below 3470 level in next trading session then this
momentum can take prices to 3430 level. If it breaks
the resistance level of 3550 then 3600 will act as
next resistance level.

PIVOTS S1 S2 R1 R2

3470 3430 3550 3600

JEERA
Jeera showed bearish movement today and found
the support level of 17500. If prices sustain below
17500 levels in next trading session then this
momentum can take prices to 17200 levels. If it
breaks the resistance level of 17900 then 18300 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

17800 17500 18300 18500

SOYABEAN
Soyabean showed bearish movement and found the
important support level of 2723. If prices sustain
below 2720 level in next trading session then this
bearish momentum can take prices to 2680 level. If
it breaks the resistance level of 2760 then 2800 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

2720 2680 2760 2800

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 Intraday Super Star
(Premium Section)

CALL: SELL LEAD BELOW 132.50 TARGETS 131.50/130.50 SL 134

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 Multibagger Call
(Premium Section)

CALL: SELL NATURAL GAS BELOW 206 TARGETS 202/198 SL 211

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 Trifid Special
(Premium Section)

CALL: BUY ZINC ABOVE 173 TARGETS 174/175 SL 171.

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