Daily Market Reflection

29thAugust 2017

27842 -
Market Outlook COMDEX
Gold prices crossed above the key $1,300-level on Monday, as
the U.S. dollar sank to its lowest in more than a year after
Federal Reserve Chair Janet Yellen's speech at Jackson Hole
made no reference to U.S. monetary policy. Yellen's speech at
the annual meeting of central bankers in Jackson Hole, Wyoming
on Friday focused on financial stability while giving no hint on
monetary policy, leaving the prospect of more interest rate hikes
up in the air. Oil prices edged lower on Monday, while gasoline
futures soared to their highest since July 2015, as energy
markets digested the impact of Hurricane Harvey on the U.S. Market Updates
Gulf Coast. MCX Date Date % Chg
25-08-17 28-08-
Fundamental News 17
Gold prices finished last week up 0.5%. The yellow metal has GOLD 29167 29503 +1.15%
been well-supported in recent weeks as U.S. political SILVER 39012 39727 +1.83%
COPPER 427.55 431 +0.81%
developments kept investors on edge and supported safe-haven
CRUDE 3058 2970 -2.88%
demand. ALUMINIUM 131.30 131.95 +0.50%
LEAD 147.30 148 +0.48%
U.S. gasoline prices hit two-year highs as massive floods caused NICKEL 729.30 745.40 +2.21%
by the storm forced refineries in the area to close. In turn, U.S. ZINC 195.50 197.05 +0.79%
crude futures fell as the refinery shutdowns could reduce demand NATURALGAS 185 186.20 +0.65%
for American crude. COMEX Date Date % Chg
Important Data 25-08-17 28-08-17
GOLD 1297.90 1314.80 +1.30%
SILVER 17.049 17.420 +2.18%
Time Currenc Event Forecast Previous
CRUDE 47.87 46.41 -3.05%
y COPPER 3.057 3.086 +0.97%
$ INDEX 92.47 92.15 -0.35%
French Consumer
12:15pm EUR 0.7% -0.8% USDINR 64.0325 63.9050 -0.20%
Spending m/m

French Prelim GDP

12:15pm EUR 0.5% 0.5%
q/q OUR PREVIOUS CALLS UPDATE
Intraday super star
6:00pm CAD RMPI m/m -2.5% -3.7% Date Commodity Entry Exit P/L
28/0 ZINC - - -
6:00pm CAD IPPI m/m -0.2% -1.0%
8
Multibagger
S&P/CS Composite- Date Commodity Entry Exit P/L
6:30pm USD 5.6% 5.7%
20 HPI y/y 28/0 ALUMINIUM - - -
8
CB Consumer Trifid special
6:30pm USD 120.3 121.1 Date Commodity Entry
Confidence Exit P/L
28/0 GOLD 29230 29430 +2000
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8 0
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 Gold and Silver

GOLD COMEX GOLD

Gold showed bullish movement and found the important

resistance level of 29438. Now if it will close above the
PIVOT S1 S2 R1 R2
S important resistance level of 29500 then 29800 will act
MCX 29000 28800 29500 29800 as next resistance level. On the other hand 28800 will
COME 1300 1290 1310 1315 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 39660. Now if it will close above the
important resistance level of 39700 then 40000 will act
MCX 39000 38500 39700 40000
as next resistance level. On the other hand 39000 will
COMEX 16.85 16.70 17.10 17.25
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 2951. Now if it will close
below the important support level of 2950 then 2900 will
MCX 2950 2900 3000 3050
act as next support level. On the other hand 3050 will
COMEX 45.00 43.00 48.00 50.00
act as a major resistance level.

COPPER COMEX COPPER

Copper showed bullish movement and found the

important resistance level of 434.90. Now if it will close
PIVOTS S1 S2 R1 R2
above the important resistance level of 435 then 440
MCX 425 420 435 440 will act as next resistance level. On the other hand 420
COMEX 3.000 2.9500 3.0750 3.1000 will act as a major support level.

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 Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND

S

ALUMINIUM 130 128 134 136 1682 2122 Bullish

LEAD 146 144 148 150 5097 2103 Bullish

NICKEL 735 720 755 770 20591 10308 Bullish

ZINC 194 192 198 200 8494 6047 Bullish

NATURAL 183 180 188 191 29348 776 Bullish

GAS

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
COMMODITIES Bank Holiday NO LME
21/08/2017 DATA TODAY
22/08/2017 23/08/2017 24/08/2017 25/08/2017

ALUMINIUM +11150 +10500 +5750 +5750 +7125

COPPER -9650 -6000 -6175 -4475 -4225

LEAD -100 -500 -775 +1000 -50

NICKEL -270 +942 +438 -774 +2250

ZINC -175 -700 -500 -125 -200

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 Agri Commodity Updates

GUARSEED
Guarseed showed bullish movement and found the
important resistance level of 4235. If prices sustains
below 4150 level in next trading session then this
momentum can take prices to 4100 level. If it breaks
the resistance level of 4250 then 4300 will act as
next resistance level.

PIVOTS S1 S2 R1 R2

4150 4100 4250 4300

JEERA
Jeera showed bullish movement today and found
the resistance level of 20250. If prices sustain below
20000 levels in next trading session then this
momentum can take prices to 19800 levels. If it
breaks the resistance level of 20250 then 20500 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

20000 19700 20250 20500

SOYABEAN
Soyabean showed bullish movement and found the
important resistance level of 3285. If prices sustain
below 3250 level in next trading session then this
bearish momentum can take prices to 3200 level. If
it breaks the resistance level of 3300 then 3350 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

3250 3200 3300 3350

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 Intraday Super Star
(Premium Section)

CALL: SELL ZINC BELOW 195 TARGETS 194/193 SL 196.50.

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 Multibagger Call
(Premium Section)

CALL: SELL ALUMINIUM BELOW 130.80 TARGETS 129.80/128.80 SL 132.30.

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 Trifid Special
(Premium Section)

CALL: SELL CRUDE BELOW 2950 TARGETS 2920/2890 SL 2990.

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