Daily Market Reflection

3rdAugust 2017

27842 -
Market Outlook COMDEX
Gold prices moved lower on Wednesday, pulling away from the
previous sessions seven-week highs as investors locked in
profits and as the U.S. dollar stabilized ahead of a highly-
anticipated report on U.S. employment due later in the day. Oil
prices fell on Wednesday, pressured lower by an unexpected
increase in U.S. inventories and doubts over OPECs ability to
curtail supply and rebalance the oversupplied global market. After
follow-through strength on Monday, copper prices have been
consolidating, they are generally holding up well, but have lost Market Updates
upward momentum. MCX Date Date % Chg
1-08-17 2-08-17
Fundamental News GOLD 28771 28589 -0.63%
Gold is sensitive to moves higher in both U.S. rates and the dollar. SILVER 38515 38116 -1.03%
Weaker dollar makes gold less expensive for holders of foreign COPPER 407.90 405.65 -0.55%
currency, while a rise in U.S. rates lifts the opportunity cost of CRUDE 3135 3147 +0.38%
holding non-yielding assets such as bullion. ALUMINIUM 121.85 122.15 +0.25%
Oil prices were also under pressure amid fresh doubts over how LEAD 149.20 149.65 +0.30%
effective production cuts by the Organization of the Petroleum NICKEL 657.90 658.90 +0.15%
ZINC 178 178.35 +0.20%
Exporting Countries will be at reducing the global supply glut.
NATURALGAS 181.20 180.20 -0.55%
+0.67%COME Date Date % Chg
X 1-08-17 2-08-17
GOLD 1272.60 1271.33 -0.10%
Important Data SILVER 16.764 16.729 -0.21%
CRUDE 49.16 49.45 +0.59%
COPPER 2.881 2.885 +0.14%
Time Currenc Event Forecast Previous
$ INDEX 92.92 92.47 -0.48%
y USDINR 64.2825 63.8850 -0.62%

2:00pm GBP Services PMI 53.6 53.4

MPC Official Bank OUR PREVIOUS CALLS UPDATE

4:30pm GBP 2-0-6 3-0-5
Rate Votes Intraday super star
Unemployment Date Commodity Entry Exit P/L
6:00pm USD 242K 244K
Claims 1/08 ALUMINIUM - - -
ISM Non- Multibagger
7:30pm USD 56.9 57.4 Date Commodity Entry Exit P/L
Manufacturing PMI
1/08 SILVER - - -
7:30pm USD Factory Orders m/m 2.9% -0.8% Trifid special
Date Commodity Entry Exit P/L
1/08 GOLD - - -
8:00pm USD Natural Gas Storage 23B 17B
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 Gold and Silver

GOLD COMEX GOLD

Gold showed bearish movement and found the important

support level of 28467. Now if it will close below the
PIVOT S1 S2 R1 R2
S important support level of 28400 then 28000 will act as
MCX 28400 28000 28860 29000 next support level. On the other hand 28860 will act as a
COME 1260 1255 1275 1280 major resistance level.

SILVER COMEX SILVER

Silver showed bearish movement and found the

PIVOTS S1 S2 R1 R2 important support level of 37687. Now if it will close
below the important support level of 37500 then 37000
MCX 37500 37000 39000 39500
will act as next support level. On the other hand 39000
COMEX 16.60 16.50 16.90 17.00
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 3158. Now if it will close
above the important resistance level of 3160 then 3235
MCX 3100 3050 3235 3300
will act as next resistance level. On the other hand 3100
COMEX 48.00 46.00 50.00 52.00
will act as a major support level.

COPPER COMEX COPPER

Copper showed bearish movement and found the

important support level of 404.15. Now if it will close
PIVOTS S1 S2 R1 R2
below the important support level of 404 then 400 will
MCX 404 400 415 420 act as next support level. On the other hand 415 will act
COMEX 2.8500 2.8200 2.8900 2.9500 as a major resistance level.

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 Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND

S

ALUMINIUM 120 119 123.50 125 8519 2608 Bullish

LEAD 147 145 150 152 13237 2768 Bullish

NICKEL 640 625 665 680 24278 18216 Bullish

ZINC 177 175 180 182 23278 5210 Bullish

NATURAL GAS 177 175 183 187 38410 11938 Bearish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
COMMODITIES Bank Holiday NO LME
27/07/2017 DATA TODAY
28/07/2017 31/07/2017 01/08/2017 2/08/2017

ALUMINIUM -4375 -5975 -7775 -5000 -5125

COPPER -1125 -1550 -3600 -1450 +5575

LEAD +300 -375 -275 -1025 -875

NICKEL +42 -1602 -1446 -96 +438

ZINC -225 -325 -100 -1275 -225

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 Agri Commodity Updates

GUARSEED
Guarseed showed sideways movement and found
the important support level of 3560. If prices sustains
below 3550 level in next trading session then this
momentum can take prices to 3500 level. If it breaks
the resistance level of 3650 then 3700 will act as
next resistance level.

PIVOTS S1 S2 R1 R2

3550 3500 3650 3700

JEERA
Jeera showed bearish movement today and found
the support level of 19000. If prices sustain below
18700 levels in next trading session then this
momentum can take prices to 18500 levels. If it
breaks the resistance level of 19100 then 19400 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

18800 18500 19100 19400

SOYABEAN
Soyabean showed sideways movement and found
the important support level of 2980. If prices sustain
below 2980 level in next trading session then this
bearish momentum can take prices to 2950 level. If
it breaks the resistance level of 3030 then 3070 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

2980 2950 3030 3070

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 Intraday Super Star
(Premium Section)

CALL: SELL ALUMINIUM BELOW 122 TARGETS 121/120 SL 123.50

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 Multibagger Call
(Premium Section)

CALL: SELL COPPER BELOW 404 TARGETS 401/398 SL 408.

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 Trifid Special
(Premium Section)

CALL: SELL NATURAL GAS BELOW 178 TARGETS 175/172 SL 182.

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