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Daily Market Reflection

27thJuly 2017

27842 -
Market Outlook COMDEX
Gold prices edged lower on Wednesday, as market players
looked ahead to the outcome of the Federal Reserve's policy
meeting for insight on the timing of the next U.S. rate hike and
clues on how the central bank plans to pare back its balance
sheet. Oil prices continued their march higher on Wednesday,
extending gains into a third session as investors looked ahead to
weekly data from the U.S. on stockpiles of crude and refined
products. The market has been buoyed by Saudi Arabia's
announcement at a meeting of the OPEC and non-OPEC Market Updates
producers on Monday that it would limit crude exports to 6.6 MCX Date Date % Chg
million barrels per day (bpd) in August, down nearly 1 million bpd 25-07-17 26-07-
from a year earlier. 17
GOLD 28478 28384 -0.33%
Fundamental News SILVER 38289 38091 -0.52%
The U.S. dollar sank to a fresh 13-month low against a basket of COPPER 406 408.10 +0.52%
the other major currencies, with traders skeptical the outcome of CRUDE 3090 3132 +1.36%
the Fed's meeting would do much to alter the greenback's recent ALUMINIUM 123.95 123.55 -0.32%
weak trend. LEAD 148.25 147.50 -0.51%
NICKEL 642.90 639.40 -0.54%
ZINC 183.60 180.25 -1.82%
Oil prices scored their biggest one-day rally of 2017 on Tuesday
NATURALGAS 189.60 187.80 -0.95%
as fresh pledges from Saudi Arabia and Nigeria at the start of the
week to respectively pull back on exports and output boosted COMEX Date Date % Chg
sentiment. 25-07-17 26-07-17
Important Data GOLD 1252.10 1249.90 -0.17%
SILVER 16.542 16.456 -0.52%
Time Currenc Event Forecast Previous CRUDE 47.89 48.64 +1.52%
y COPPER 2.847 2.871 +0.86%
$ INDEX 93.92 94.01 +0.10%
M3 Money Supply USDINR 64.4150 64.3925 -0.03%
1:30pm EUR 5.0% 5.0%
y/y

Core Durable Goods


6:00pm USD 0.4% 0.3% OUR PREVIOUS CALLS UPDATE
Orders m/m
Intraday super star
Unemployment Date Commodity Entry Exit P/L
6:00pm USD 240K 233K
Claims
26/0 ZINC 184 182.50 -7500
Durable Goods 7
6:00pm USD 3.5% -0.8% Multibagger
Orders m/m
Date Commodity Entry Exit P/L
Goods Trade
6:00pm USD -65.0B -65.9B 26/0 ALUMINIUM 124.50 125.40 +4500
Balance 7
Trifid special
8:00pm USD Natural Gas Storage 28B 28B Date Commodity Entry Exit P/L
26/0 SILVER - - -
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7
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Gold and Silver

GOLD COMEX GOLD

Gold showed bearish movement and found the important


support level of 28304. Now if it will close below the
PIVOT S1 S2 R1 R2
S important support level of 28300 then 28000 will act as
MCX 28300 28000 28600 29000 next support level. On the other hand 28600 will act as a
COME 1245 1240 1255 1260 major resistance level.

SILVER COMEX SILVER

Silver showed bearish movement and found the


PIVOTS S1 S2 R1 R2 important support level of 37778. Now if it will close
below the important support level of 37500 then 37000
MCX 37500 37000 38500 39000
will act as next support level. On the other hand 38500
COMEX 16.30 16.15 16.60 16.75
will act as a major resistance level.

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Crude and Copper

CRUDE COMEX CRUDE

Crude showed bullish movement and found the


PIVOTS S1 S2 R1 R2 important resistance level of 3153. Now if it will close
above the important resistance level of 3160 then 3200
MCX 3070 3000 3160 3200
will act as next resistance level. On the other hand 3070
COMEX 47.00 45.00 50.00 52.00
will act as a major support level.

COPPER COMEX COPPER

Copper showed bullish movement and found the


important resistance level of 414.25. Now if it will close
PIVOTS S1 S2 R1 R2
above the important resistance level of 415 then 420
MCX 405 400 415 420 will act as next resistance level. On the other hand 400
COMEX 2.8200 2.7800 2.8900 2.9500 will act as a major support level.

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Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND


S

ALUMINIUM 122 121 125 127 8392 1785 Bearish

LEAD 146 145 148.50 150 14519 1619 Bearish

NICKEL 635 620 650 660 37567 14630 Bearish

ZINC 178 176 182 185 28063 5818 Bearish

NATURAL GAS 185 180 190 193 25739 684 Bearish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
COMMODITIES Bank Holiday NO LME
20/07/2017 DATA TODAY
21/07/2017 24/07/2017 25/07/2017 26/07/2017

ALUMINIUM -6450 -8125 -3150 +24275 -3425

COPPER -1200 -1425 -750 -1025 -1600

LEAD -575 -875 -875 -200 -900

NICKEL +1182 -384 -942 -102 +900

ZINC -1100 -875 -1175 -575 -950

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Agri Commodity Updates

GUARSEED
Guarseed showed bullish movement and found the
important resistance level of 3550. If prices sustains
below 3500 level in next trading session then this
momentum can take prices to 3450 level. If it breaks
the resistance level of 3550 then 3600 will act as
next resistance level.

PIVOTS S1 S2 R1 R2

3500 3450 3550 3600

JEERA
Jeera showed bullish movement today and found
the resistance level of 19500. If prices sustain below
19300 levels in next trading session then this
momentum can take prices to 19000 levels. If it
breaks the resistance level of 19500 then 19800 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

19300 19000 19500 19800

SOYABEAN
Soyabean showed sideways movement and found
the important resistance level of 3030. If prices
sustain below 2975 level in next trading session
then this bearish momentum can take prices to
2925 level. If it breaks the resistance level of 3030
then 3075 will act as next resistance level.

PIVOTS S1 S2 R1 R2

2975 2925 3030 3075

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Intraday Super Star
(Premium Section)

CALL: SELL ZINC BELOW 180.40 TARGETS 179.40/178.40 SL 182.

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Multibagger Call
(Premium Section)

CALL: SELL NATURAL GAS ( AUG. ) BELOW 186.20 TARGETS 183.20/180.20 SL 190.20

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Trifid Special
(Premium Section)

CALL: BUY SILVER ABOVE 38450 TARGETS 38750/39050 SL 38000.

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