Daily Market Reflection

10th July 2017

-
Market Outlook COMDEX
Gold prices slipped on Friday, to trade near an eight-week low as a
stronger U.S. dollar weighed on demand for the precious metal and
as investors were focusing on the upcoming report on U.S. nonfarm
payrolls due later in the day. U.S. oil moved sharply lower on
Friday, as news this week of a rise in U.S. oil production weighed
heavily on the commodity. Copper and nickel prices are looking the
weaker ones in the LME complex this week, but the weakness
seems to be part of an effort to consolidate, which most of the other
metals are also doing. Market Updates
MCX Date Date % Chg
Fundamental News 6-07-17 7-07-17
Gold is sensitive to moves higher in both U.S. rates and the dollar. GOLD 28116 27786 -1.20%
SILVER 37452 36229 -3.26%
Stronger dollar makes gold more expensive for holders of foreign
COPPER 382.30 380.00 -0.60%
currency, while a rise in U.S. rates lifts the opportunity cost of
CRUDE 2947 2865 -2.82%
holding non-yielding assets such as bullion. ALUMINIUM 125.30 124.45 -0.64%
LEAD 147.70 148.20 +0.34%
Oil prices have dipped below $50 a barrel from recent highs amid
NICKEL 589.40 581.20 -1.39%
growing investor doubts about Opec and its allies commitment to ZINC 180.45 180.35 -0.06%
drain the glut in supply, as members of the oil-cartel have NATURALGAS 186.50 185.10 -0.75%
increased exports and production, despite the current deal to curb
COMEX Date Date % Chg
output.
6-07-17 7-07-17
GOLD 1223.30 1210.75 -1.03%
Important Data SILVER 15.983 15.467 -3.22%
CRUDE 45.52 44.20 -2.90%
Time Currenc Event Forecast Previous COPPER 2.662 2.650 -0.43%
y $ INDEX 95.58 95.77 +0.20%
USDINR 64.9525 64.7500 -0.31%
7:00am CNY CPI y/y 1.5%

7:00am CNY PPI y/y 5.5%

OUR PREVIOUS CALLS UPDATE
Intraday super star
Economy Watchers
10:30am JPY 48.6 Date Commodity Entry Exit P/L
Sentiment
6/07 CRUDE 2930 2870 +6000
German Trade
11:30am EUR 19.8B Multibagger
Balance
Date Commodity Entry Exit P/L
Sentix Investor 6/07 ALUMINIUM - - -
2:00pm EUR 28.4 Trifid special
Confidence
Date Commodity Entry Exit P/L
Labor Market 4/07 GOLD 28050 27850 +2000
7:30pm USD Conditions Index 2.3 0
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 Gold and Silver

GOLD COMEX GOLD

Gold showed bearish movement and found the important

support level of 27724. Now if it will close below the
PIVOT S1 S2 R1 R2
S important support level of 27700 then 27500 will act as
MCX 27700 27500 27850 28000 next support level. On the other hand 28000 will act as a
COME 1207 1200 1215 1220 major resistance level.

SILVER COMEX SILVER

Silver showed bearish movement and found the

PIVOTS S1 S2 R1 R2 important support level of 35980. Now if it will close
below the important support level of 35900 then 35500
MCX 35900 35500 36500 37000
will act as next support level. On the other hand 37000
COMEX 15.35 15.20 15.60 15.70
will act as a major resistance level.

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 Crude and Copper

CRUDE COMEX CRUDE

Crude showed bearish movement and found the

PIVOTS S1 S2 R1 R2 important support level of 2835. Now if it will close
below the important support level of 2800 then 2750 will
MCX 2800 2750 2900 2950
act as next support level. On the other hand 2900 will
COMEX 43.00 41.00 45.00 47.00
act as a major resistance level.

COPPER COMEX COPPER

Copper showed bearish movement and found the

important support level of 378.80. Now if it will close
PIVOTS S1 S2 R1 R2
below the important support level of 378 then 373 will
MCX 378 373 385 390 act as next support level. On the other hand 385 will act
COMEX 2.6000 2.5700 2.6500 2.6950 as a major resistance level.

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 Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND

S

ALUMINIUM 123 121 126 127 4185 1415 Bearish

LEAD 146 144 150 152 12406 2325 Bullish

NICKEL 570 555 590 605 24648 32929 Bearish

ZINC 178 176 182 185 22500 8802 Bearish

NATURAL GAS 183 180 187 190 56672 6204 Bearish

LME INVENTORY
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Due to Summer
COMMODITIES Bank Holiday NO LME
3/07/2017 DATA TODAY
4/07/2017 5/07/2017 6/07/2017 7/07/2017

ALUMINIUM -1900 -7775 -4625 -5850 -9400

COPPER +28575 -2675 +40325 -1150 +300

LEAD -1500 -1175 -1050 -850 -1075

NICKEL -768 -840 -336 +2358 +234

ZINC -2025 -1900 -2525 -825 -2775

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 Agri Commodity Updates

GUARSEED
Guarseed showed bearish movement and found the
important support level of 3350. If prices sustains
below 3300 level in next trading session then this
momentum can take prices to 3250 level. If it breaks
the resistance level of 3500 then 3550 will act as
next resistance level.

PIVOTS S1 S2 R1 R2

3300 3250 3500 3550

JEERA
Jeera showed sideways movement today and found
the support level of 18200. If prices sustain below
18200 levels in next trading session then this
momentum can take prices to 18000 levels. If it
breaks the resistance level of 18600 then 18900 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

18200 18000 18600 18900

SOYABEAN
Soyabean showed bullish movement and found the
important resistance level of 3050. If prices sustain
below 3000 level in next trading session then this
bearish momentum can take prices to 2950 level. If
it breaks the resistance level of 3050 then 3100 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

3000 2950 3050 3100

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 Intraday Super Star
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CALL: SELL NATURAL GAS BELOW 184 TARGETS 181/178 SL 188.

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 Multibagger Call
(Premium Section)

CALL: BUY ALUMINIUM ABOVE 125 TARGETS 126/127 SL 123.50.

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 Trifid Special
(Premium Section)

CALL: SELL GOLD BELOW 27720 TARGETS 27620/27520 SL 27870.

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