Daily Market Reflection

31stJuly 2017

27842 -
Market Outlook COMDEX
Gold prices traded higher on Friday, as the dollar remained under
pressure at fourteen-month lows, after investor expectations grew the
Federal Reserve would keep rates low for longer, following data
showing inflation remained subdued. Crude futures settled higher on
Friday, as data this week eased concerns about surplus supplies, after
Saudi Arabia pledged to lower exports while U.S. crude supplies fell
more than expected. Copper and nickel have led the price advances
this week, with the others showing some gains at stages during the Market Updates
week but they have struggled to hold on to these gains. MCX Date Date % Chg
27-07-17 28-07-
Fundamental News 17
Gold recouped some of its losses sustained earlier during the week, as GOLD 28476 28580 +0.37%
traders mulled over a downward revision in first-quarter gross SILVER 38263 38460 +0.51%
domestic product (GDP) which offset second-quarter gross domestic COPPER 408.00 408.90 +0.22%
CRUDE 3161 3192 +0.98%
product that met expectations.
ALUMINIUM 123.15 121.15 -1.62%
LEAD 146.75 147.75 +0.61%
The Energy Information Administration (EIA) reported Wednesday;
NICKEL 649.50 656.90 +1.14%
crude and gasoline stockpiles fell by more than expected last week, ZINC 179.40 178.00 -0.78%
pointing to an uptick in demand for crude and refinery activity. NATURALGAS 191.40 189.50 -0.99%
Important Data COMEX Date Date % Chg
27-07-17 28-07-17
Time Currency Event Forecast Previous GOLD 1260.00 1269.34 +0.74%
SILVER 16.573 16.731 +0.95%
CRUDE 49.04 49.80 +1.55%
Net Lending to
2:00pm GBP 4.9B 5.3B COPPER 2.878 2.881 +0.12%
Individuals m/m $ INDEX 93.77 93.20 +0.61%
USDINR 64.3500 64.3825 +0.05%
CPI Flash Estimate
2:30pm EUR 1.3% 1.3% OUR PREVIOUS CALLS UPDATE
y/y
Intraday super star
Core CPI Flash Date Commodity Entry Exit P/L
2:30pm EUR 1.1% 1.1%
Estimate y/y 28/07 ZINC 178.80 176.80 +10000
Multibagger
6:00pm CAD RMPI m/m -1.8%
Date Commodity Entry Exit P/L
27/07 NG. - - -
7:15pm USD Chicago PMI 60.8 65.7 Trifid special
Date Commodity Entry Exit P/L
Pending Home Sales
7:30pm USD 0.9% -0.8% 26/07 SILVER - - -
m/m
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 Gold and Silver

GOLD COMEX GOLD

Gold showed bullish movement and found the important

PIVOT S1 S2 R1 R2 resistance level of 28595. Now if it will close above the
S important resistance level of 28610 then 29000 will act as
MCX 28300 28000 28610 29000 next resistance level. On the other hand 28300 will act as a
COME 1260 1255 1271 1280 major support level.

SILVER COMEX SILVER

Silver showed bullish movement and found the important

PIVOTS S1 S2 R1 R2 resistance level of 38575. Now if it will close above the
MCX 37500 37000 38600 39000 important resistance level of 38600 then 39000 will act as
COMEX 16.50 16.35 16.80 17.00 next resistance level. On the other hand 37500 will act as a
major support level.

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 Crude and Copper

CRUDE COMEX CRUDE

Crude showed bullish movement and found the important

PIVOTS S1 S2 R1 R2 resistance level of 3200. Now if it will close above the
MCX 3150 3100 3250 3300 important resistance level of 3201 then 3250 will act as
COMEX 48.00 46.00 50.00 52.00 next resistance level. On the other hand 3100 will act as a
major support level.

COPPER COMEX COPPER

Copper showed sideways to bullish movement and found

PIVOTS S1 S2 R1 R2 the important resistance level of 409.50. Now if it will
close 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 will
COMEX 2.8200 2.7800 2.8900 2.9500
act as a major support level.

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 Other Commodities

PIVO

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND

S

ALUMINIUM 120 119 122 124 6555 1918 Bearish

LEAD 145 143 148 150 11903 1476 Bullish

NICKEL 640 625 665 680 43417 10547 Bullish

ZINC 176.50 175 180 182 22673 4241 Bearish

NATURAL GAS 187 185 195 200 28521 5657 Bearish

LME
INVENTORY
Due to Summer Bank Holiday NO LME DATA TODAY
COMMODITIES 24/07/2017 25/07/2017 26/07/2017 27/04/2017 28/04/2017

ALUMINIUM -3150 +24275 -3425 -4375 -5975

COPPER -750 -1025 -1600 -1125 -1550

LEAD -875 -200 -900 +300 -375

NICKEL -942 -102 +900 +42 -1602

ZINC -1175 -575 -950 -225 -325

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 Agri Commodity Updates

GUARSEED
Guarseed showed bullish movement and found the
important resistance level of 3600. 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 3560 3600

JEERA
Jeera showed bearish movement today and found the
support level of 19000. If prices sustain below 19000
levels in next trading session then this momentum can
take prices to 18700 levels. If it breaks the resistance
level of 19300 then 19500 will act as next resistance
level.

PIVOTS S1 S2 R1 R2

19000 18900 19300 19500

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 ALUMINIUM BELOW 121 TARGETS 120/119 SL 122.50

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 Multibagger Call
(Premium Section)

CALL: BUY GOLD ABOVE 28610 TARGETS 28710/28810 SL 28460.

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 Trifid Special
(Premium Section)

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

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