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Daily Market Reflection

16thAugust 2017

27842 -
Market Outlook COMDEX
Gold prices retreated from their highest level in around two
months on Monday, as geopolitical concerns eased after senior
U.S. officials sought to play down risks of a military conflict with
North Korea. Oil prices fell on Monday as a slowdown in Chinese
refining raised concerns about demand in the world's second-
biggest consumer, while an increase in U.S. drilling capacity
could deepen a global supply glut. Base metals are likely to trade
slightly higher once disappointing Chinese data is digested by
the market. Although the geopolitical climate remains tense, base Market Updates
metals are likely to continue to benefit from a positive sentiment. MCX Date Date % Chg
11-08-17 14-08-
17
Fundamental News GOLD 29219 29080 -0.42%
The yellow metal notched a third-straight day of gains on Friday, SILVER 39218 39178 -0.04%
capping its strongest weekly rise since April, as simmering North COPPER 412.35 411.05 -0.29%
Korean tensions buoyed haven demand for precious metals. CRUDE 3107 3070 -1.82%
Oil investors were also cautious after U.S. drilling rig data ALUMINIUM 130.00 128.95 -1.04%
published by Baker Hughes on Friday showed explorers increased LEAD 148.80 149.40 +0.54%
NICKEL 683.00 667.40 -2.05&
oil drilling capacity for the second time in three weeks, extending a
ZINC 186.00 186.65 +0.65%
15-month recovery in drilling.
NATURALGAS 191.80 189.30 -1.25%
COMEX Date Date % Chg
11-08-17 14-08-17
Important Data GOLD 1294.00 1290.94 -0.24%
SILVER 17.070 17.128 +0.34%
Time Currenc Event Forecast Previous
CRUDE 48.82 47.94 -1.80%
y COPPER 2.912 2.905 -0.21%
$ INDEX 92.99 93.22 +0.25%
Average Earnings
2:00pm GBP 1.8% 1.8% USDINR 64.2625 64.2225 -0.06%
Index 3m/y

2:30pm EUR Flash GDP q/q 0.6% 0.6%


OUR PREVIOUS CALLS UPDATE
Intraday super star
Foreign Securities
6:00pm CAD 23.45B 29.46B Date Commodity Entry Exit P/L
Purchases
11/0 CRUDE 3100 3140 -4000
6:00pm USD Building Permits 1.25M 1.28M 8
Multibagger
Date Commodity Entry Exit P/L
6:00pm USD Housing Starts 1.23M 1.22M 11/0 ALUMINIUM - - -
8
Crude Oil Trifid special
8:00pm USD -6.5M
Inventories Date Commodity Entry Exit P/L
11/0 GOLD 29225 29075 -
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8 15000
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Gold and Silver

GOLD COMEX GOLD

Gold showed bearish movement and found the important


support level of 29023. Now if it will close below the
PIVOT S1 S2 R1 R2
S important support level of 29000 then 28800 will act as
MCX 28800 28500 29300 29500 next support level. On the other hand 29300 will act as a
COME 1280 1275 1290 1295 major resistance level.

SILVER COMEX SILVER

Silver showed sideways to bullish movement and found


PIVOTS S1 S2 R1 R2 the important resistance level of 39328 Now if it will
close above the important resistance level of 39520 then
MCX 38500 38000 39600 40000
40000 will act as next resistance level. On the other
COMEX 16.85 16.70 17.20 17.35
hand 38500 will act as a major support 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 3079. Now if it will close
below the important support level of 3050 then 3000 will
MCX 3050 3000 3150 3235
act as next support level. On the other hand 3235 will
COMEX 47.00 45.00 50.00 52.00
act as a major resistance level.

COPPER COMEX COPPER

Copper showed bearish movement and found the


important support level of 409. Now if it will close below
PIVOTS S1 S2 R1 R2
the important support level of 407 then 400 will act as
MCX 407 400 415 420 next support level. On the other hand 415 will act as a
COMEX 2.8500 2.8000 2.9500 3.0000 major resistance level.

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Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND


S

ALUMINIUM 127 125 132 135 3141 3868 Bearish

LEAD 147 145 152 155 8350 2030 Bullish

NICKEL 650 635 680 700 25379 16505 Bearish

ZINC 185 183 188 190 16075 7808 Bullish

NATURAL GAS 185 182 190 193 37268 4735 Bearish

LME INVENTORY
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Due to Summer
COMMODITIES Bank Holiday NO LME
8/08/2017 DATA TODAY
9/08/2017 10/08/2017 11/08/2017 14/08/2017

ALUMINIUM -8550 -10375 -8750 -10250 +7425

COPPER -2750 -5025 -875 -4375 -350

LEAD -50 +2050 -75 -525 -125

NICKEL -1290 +552 -162 +1314 -408

ZINC -950 -1425 -1400 -1400 -3025

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Agri Commodity Updates

GUARSEED
Guarseed showed bullish movement and found the
important resistance level of 3915. If prices sustains
below 3850 level in next trading session then this
momentum can take prices to 3800 level. If it breaks
the resistance level of 3925 then 3975 will act as
next resistance level.

PIVOTS S1 S2 R1 R2

3850 3800 3925 3975

JEERA
Jeera showed bullish movement today and found
the resistance level of 19650. If prices sustain below
19200 levels in next trading session then this
momentum can take prices to 19000 levels. If it
breaks the resistance level of 19700 then 20000 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

19200 19000 19700 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: SELL CRUDE BELOW 3065 TARGETS 3035/3005 SL 3105.

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Multibagger Call
(Premium Section)

CALL: BUY ALUMINIUM ABOVE 130.50 TARGETS 131.50/132.50 SL 129.

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Trifid Special
(Premium Section)

CALL: BUY SILVER ABOVE 39400 TARGETS 39700/40000 SL 39000.

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