You are on page 1of 9

Daily Market Reflection

12th September 2017

%27842 -
Market Outlook COMDEX
Gold prices started the week on the back foot on Monday,
moving away from their strongest level in more than a year as
investor concern over a standoff between the U.S. and North
Korea eased. Oil prices edged lower on Monday on concerns
that Hurricane Irma's pounding of heavily populated areas of
Florida could dent oil demand in the world's top oil consuming
nation. Copper and nickel prices were the hardest hit, but they
were the ones that had climbed the fastest, while aluminium
prices corrected the least with prices holding up well. Market Updates
MCX Date Date % Chg
8-09-17 11-09-
17
Fundamental News GOLD 30268 29933 -1.11%
Gold prices notched a third weekly gain in a row last week. The SILVER 41570 41164 -0.96%
yellow metal has been well-supported recently amid concerns over COPPER 431.10 435.15 +0.94%
geopolitical uncertainty on the Korean peninsula and reduced CRUDE 3045 3073 +0.92%
expectations of U.S. monetary policy tightening. ALUMINIUM 132.85 134.50 +1.24%
LEAD 143.75 144.50 +0.52%
Oil traders will also focus on monthly reports from the Organization NICKEL 734 753.30 +2.63%
of Petroleum Exporting Counties and the International Energy ZINC 193.65 197.30 +1.88%
Agency to assess global oil supply and demand levels. NATURALGAS 185.60 189.10 +1.89%
COMEX Date Date % Chg
8-09-17 11-09-17
GOLD 1351.20 1335.37 -1.18%
Important Data SILVER 18.123 17.901 -1.22%
CRUDE 47.48 48.01 +1.12%
Time Currenc Event Foreca Previous
COPPER 3.042 3.069 +0.90%
y st
$ INDEX 91.31 91.86 +0.60%
USDINR 63.9200 64.0300 +0.17%
2:00pm GBP CPI y/y 2.8% 2.6%

2:00pm GBP PPI Input m/m 1.2% 0.0% OUR PREVIOUS CALLS UPDATE
Intraday super star
2:00pm GBP RPI y/y 3.7% 3.6% Date Commodity Entry Exit P/L
11/0 CRUDE 3034 3074 -4000
NFIB Small 9
3:30pm USD 105.0 105.2 Multibagger
Business Index
Date Commodity Entry Exit P/L
JOLTS Job
7:30pm USD 5.96M 6.16M 11/0 COPPER - - -
Openings 9
Trifid special
10:31pm USD 10-y Bond Auction 2.25|2.2 Date Commodity Entry Exit P/L
11/0 GOLD 30210 30010 +2000
www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410
9 0
For our next calls click here..
Gold and Silver

GOLD COMEX GOLD

Gold showed bearish movement and found the important


resistance level of 29951. Now if it will close below the
PIVOT S1 S2 R1 R2
S important support level of 29900 then 29500 will act as
MCX 29700 29500 30300 30500 next support level. On the other hand 30500 will act as a
COME 1330 1325 1340 1345 major resistance level.

SILVER COMEX SILVER

Silver showed bearish movement and found the


PIVOTS S1 S2 R1 R2 important support level of 40893. Now if it will close
below the important support level of 40800 then 40500
MCX 40800 40500 41500 41900
will act as next support level. On the other hand 41900
COMEX 17.70 17.55 18.00 18.10
will act as a major resistance level.

www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410


Crude and Copper

CRUDE COMEX CRUDE

Crude showed sideways to bearish movement and


PIVOTS S1 S2 R1 R2 found the important support level of 3010. Now if it will
close below the important support level of 3000 then
MCX 3000 2950 3120 3170
2950 will act as next support level. On the other hand
COMEX 47.50 45.50 50.00 52.00
3170 will act as a major resistance level.

COPPER COMEX COPPER

Copper showed bullish movement and found the


important resistance level of 436.55. Now if it will close
PIVOTS S1 S2 R1 R2
above the important resistance level of 437 then 440
MCX 430 425 437 440 will act as next resistance level. On the other hand 430
COMEX 3.0050 2.9900 3.0550 3.0800 will act as a major support level.

www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410


Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND


S

ALUMINIUM 132 130 135 136 7576 3487 Bullish

LEAD 143 141 146 147.50 13490 3384 Bullish

NICKEL 740 725 760 775 44847 9962 Bullish

ZINC 195 193 198 200 27905 8130 Bullish

NATURAL 185 182 190 193 30921 6954 Bullish


GAS

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
COMMODITIES Bank Holiday NO LME
5/09/2017 DATA TODAY
6/09/2017 7/09/2017 8/09/2017 11/09/2017

ALUMINIUM -150 +75 -3175 +125 -1450

COPPER -3325 -2775 -4050 +2450 -4750

LEAD +6475 +9850 -175 -75 -350

NICKEL -1854 -2022 +780 +828 -2100

ZINC -475 -475 -575 -875 -1375

www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410


Agri Commodity Updates

GUARSEED
Guarseed showed bullish movement and found the
important resistance level of 3925. If prices sustains
below 3825 level in next trading session then this
momentum can take prices to 3770 level. If it breaks
the resistance level of 3925 then 3975 will act as
next resistance level.

PIVOTS S1 S2 R1 R2

3825 3770 3925 3975

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 18800 levels. If it
breaks the resistance level of 19500 then 19800 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

19000 18800 19500 19800

SOYABEAN
Soyabean showed bearish movement and found the
important support level of 3075. If prices sustain
below 3070 level in next trading session then this
bearish momentum can take prices to 3030 level. If
it breaks the resistance level of 3120 then 3170 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

3070 3030 3120 3170

www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410


Intraday Super Star
(Premium Section)

CALL: SELL LEAD BELOW 143 TARGETS 142/141 SL 144.50.

www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410


Multibagger Call
(Premium Section)

CALL: SELL COPPER BELOW 430 TARGETS 427/424.80 SL 434.50.

www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410


Trifid Special
(Premium Section)

CALL: SELL GOLD BELOW 29920 TARGETS 29820/29720 SL 30070.

www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410


Trifid Research respects and values the Right to Policy of each and every individual. We are
esteemed by the relationship and by becoming our clients; you have a promise from our side
that we shall remain loyal to all our clients and non-clients whose information resides with us.
This Privacy Policy of Trifid Research applies to the current clients as well as former clients.
Below are the word by word credentials of our Privacy Policy:

1. Your information, whether public or private, will not be sold, rented, exchanged,
transferred or given to any company or individual for any reason without your consent.
2. The only use we will be bringing to your information will be for providing the services to
you for which you have subscribed to us.
3. Your information given to us represents your identity with us. If any changes are brought
in any of the fields of which you have provided us the information, you shall bring it to
our notice by either calling us or dropping a mail to us.
4. In addition to the service provided to you, your information (mobile number, E-mail ID
etc.) can be brought in use for sending you newsletters, surveys, contest information, or
information about any new services of the company which will be for your benefit and
while subscribing for our services, you agree that Trifid Research has the right to do so.
5. By subscribing to our services, you consent to our Privacy Policy and Terms of Use.
6. Trifid research does not guarantee or is responsible in any which way, for the trade
execution of our recommendations, this is the sole responsibility of the client.
7. Due to the markets volatile nature, the trader may/ may not get appropriate opportunity
to execute the trades at the mentioned prices and Trifid Research holds no liability for
any profit/ loss incurred whatsoever in this case.
8. It is the responsibility of the client to view the report timely from our Premium member
section on our website: www.trifidresearch.com and the same will also be mailed to this
registered email id.
9. Trifid research does not hold any liability or responsibility of delay in mail delivery of
reports, as this depends on our mail service providers network infrastructure.
10. The clients can call us for any query related to buying/selling the securities, based on
our recommendations.

www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410

You might also like