Daily Market Reflection

10thAugust 2017

27842 -
Market Outlook COMDEX
Gold prices rose sharply on Wednesday, as investors piled into
safe haven assets amid intensifying tensions between the U.S.
and North Korea, with Pyongyang saying it is considering plans
to attack Guam. Oil prices edged lower on Wednesday, as
investors looked ahead to weekly data from the U.S. on
stockpiles of crude and refined products. Base metals are likely
to trade sideways with a possible upward bias because investors
continue to express a strong interest for reflation-oriented trades
following signs that Chinas economic growth momentum Market Updates
remains solid in the third quarter of the year. MCX Date Date % Chg
8-08-17 9-08-17
GOLD 28379 28844 +1.64%
Fundamental News SILVER 37499 38590 +2.91%
The precious metal is sensitive to moves in U.S. rates, which lift COPPER 414.05 413.60 -0.11%
the opportunity cost of holding non-yielding assets such as bullion. CRUDE 3139 3157 +0.57%
A gradual path to higher rates is seen as less of a threat to gold ALUMINIUM 128.80 128.80 -
LEAD 151.80 150.30 -0.99%
prices than a swift series of increases.
NICKEL 684 686.70 +0.39%
A global deal cutting crude output has forced mid-sized Russian
ZINC 186.95 187.60 +0.35%
oil company Tatneft to curb flows at some fields, leaving it with
NATURALGAS 180.10 185.40 +2.94%
lower revenues but little relief from maintenance and running
COMEX Date Date % Chg
costs. Its response: innovation.
8-08-17 9-08-17
GOLD 1262.60 1279.00 +1.30%
Important Data SILVER 16.389 16.825 +2.66%
CRUDE 49.17 49.30 +0.26%
Time Currenc Event Forecast Previous COPPER 2.943 2.926 -0.53%
y $ INDEX 93.48 93.46 -0.02%
USDINR 63.7975 63.9900 +0.30%
6:00pm CAD NHPI m/m 0.5% 0.7%

6:00pm USD PPI m/m 0.1% 0.1% OUR PREVIOUS CALLS UPDATE
Intraday super star
Unemployment Date Commodity Entry Exit P/L
6:00pm USD 240K 240K
Claims
9/08 COPPER - - -
Multibagger
6:00pm USD Core PPI m/m 0.2% 0.1%
Date Commodity Entry Exit P/L
9/08 LEAD 152.50 153.50 +5000
FOMC Member
7:30pm USD Trifid special
Dudley Speaks
Date Commodity Entry Exit P/L
3/08 NG. 178 182 -5000
8:00pm USD Natural Gas Storage 38B 20B For our next calls click here..
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 Gold and Silver

GOLD COMEX GOLD

Gold showed bullish movement and found the important

resistance level of 28865 Now if it will close above the
PIVOT S1 S2 R1 R2
S important resistance level of 29000 then 29250 will act
MCX 28300 28000 29000 29250 as next resistance level. On the other hand 28300 will
COME 1265 1260 1275 1280 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 38690 Now if it will close above the
important resistance level of 38700 then 39000 will act
MCX 38000 37500 38700 39000
as next resistance level. On the other hand 38000 will
COMEX 16.70 16.50 17.00 17.20
act as a major support level.

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 Crude and Copper

CRUDE COMEX CRUDE

Crude showed sideways to bullish movement and found

PIVOTS S1 S2 R1 R2 the important resistance level of 3176. Now if it will
close above the important resistance level of 3180 then
MCX 3100 3050 3180 3235
3235 will act as next resistance level. On the other hand
COMEX 48.50 46.00 50.00 52.00
3100 will act as a major support level.

COPPER COMEX COPPER

Copper showed sideways movement and found the

important resistance level of 416.95. Now if it will close
PIVOTS S1 S2 R1 R2
above the important resistance level of 417 then 425
MCX 407 400 417 425 will act as next resistance level. On the other hand 400
COMEX 2.8900 2.8500 2.9500 3.0000 will act as a major support level.

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 Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND

S

ALUMINIUM 127 125 130 132 11083 4657 Bullish

LEAD 148 146 152 155 18843 2094 Bearish

NICKEL 670 650 700 720 33844 15868 Bullish

ZINC 186 184 190 192 29543 8796 Bullish

NATURAL 183 180 187 190 34805 8503 Bullish

GAS

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
COMMODITIES Bank Holiday NO LME
2/08/2017 DATA TODAY
3/08/2017 4/08/2017 8/08/2017 9/08/2017

ALUMINIUM -5125 -7300 -5525 -8550 -10375

COPPER +5575 -1675 -1200 -2750 -5025

LEAD -875 -500 -425 -50 +2050

NICKEL +438 -288 -288 -1290 +552

ZINC -225 -225 -150 -950 -1425

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 Agri Commodity Updates

GUARSEED
Guarseed showed bullish movement and found the
important resistance level of 3800. If prices sustains
below 3750 level in next trading session then this
momentum can take prices to 3700 level. If it breaks
the resistance level of 3800 then 3850 will act as
next resistance level.

PIVOTS S1 S2 R1 R2

3750 3700 3800 3850

JEERA
Jeera showed bullish movement today and found
the resistance level of 19800. 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 20000 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

19300 19000 19500 20000

SOYABEAN
Soyabean showed bearish movement and found the
important support level of 3090. If prices sustain
below 3080 level in next trading session then this
bearish momentum can take prices to 3050 level. If
it breaks the resistance level of 3150 then 3200 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

3080 3050 3150 3200

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 Intraday Super Star
(Premium Section)

CALL: BUY COPPER ABOVE 415 TARGETS 418/421 SL 411.

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 Multibagger Call
(Premium Section)

CALL: BUY SILVER ABOVE 38700 TARGETS 39000/39300 SL 38300.

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 Trifid Special
(Premium Section)

CALL: BUY GOLD ABOVE 28870 TARGETS 28970/29070 SL 28720.

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