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Daily Market Reflection

12thFebruary 2018
Market Outlook
 2 COMDEX

Gold price hovers around 1316.48 level, keeps pushing


negatively on the price, these factors encourage us to continue
suggesting the domination of the correctional bearish trend in the
upcoming sessions, and our next target is correction level at
1301.20. Crude oil price ended yesterday’s trading with strong
negativity to reach the thresholds of the waited target at 60.14,
orrection level for the rise measured from 56.80 to 66.70, the
upcoming trading, as breaking this level will extend oil price
losses to reach 58.60 as a next station. Copper price hinted Market Updates
postponing the bullish attack by facing additional negative MCX Date Date % Chg
pressures; the current support will cancel the bullish overview to 08-2-18 09-2-18
expect the beginning of forming main negative trades in the GOLD 30080 30015 -0.31%
upcoming period, which will target 2.9500 followed by 2.8600 SILVER 37971 37580 -1.11%
levels. COPPER 440.40 433.50 -1.52%
CRUDE 3940 3797 -3.41%
ALUMINIUM 140.10 137.05 -2.25%
Fundamental News LEAD 163.00 163.60 +0.28%
Gold prices were little changed on Friday, as the U.S. dollar NICKEL 848.80 834.90 -1.67%
ZINC 221.80 218.60 -1.40%
declined following news of another U.S. government shutdown
NATURALGAS 175.20 167.40 -4.72%
although a budget bill was expected to be passed before the
weekend, while U.S. bond yields turned back higher. COMEX Date Date % Chg
08-2-18 09-2-18
GOLD 1319.00 1318.50 -0.02%
Oil prices fell for a sixth day on Friday after Iran announced plans
SILVER 16.341 16.200 -0.86%
to boost production and U.S. crude output hit record highs, adding
CRUDE 61.15 59.33 -3.01%
to concerns about a sharp rise in global supplies. The falls come
COPPER 3.082 3.037 -1.46%
amid a rout in global share markets as inflation fears grip $ INDEX 90.19 90.41 +0.24%
investors. USDINR 64.4025 64.5175 +0.18%
-
Important
Data
OUR PREVIOUS CALLS UPDATE
Time Currenc Event Foreca Previous
Intraday super star
y st
Date Commodity Entry Exit P/L
All Day JPY Bank Holiday
09/0 ZINC - - -
12th- 2
EUR German WPI m/m -0.3% Multibagger
16th
Date Commodity Entry Exit P/L
12th- M2 Money Supply 09/0 NG - - -
CNY 8.2%
16th y/y 2

1:45pm CHF CPI m/m 0.0% Trifid special


Date Commodity Entry Exit P/L
09/0 CRUDE OIL 3900 3830 7000

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Gold and Silver
GOLD COMEX GOLD

Gold showed sideways to bullish movement and found


PIVOT S1 S2 R1 R2
the major resistance level of 30250. Now if price
S
sustains on higher level then it will test next resistance
MCX 29805 29699 30250 30464
level of 30464. On other side 29805 will be major
COME 1307 1300 1332 1346 support level.
X

SILVER COMEX SILVER

PIVOTS S1 S2 R1 R2 Silver showed sideways to bearish movement and found


the major support level of 37540. Now if price sustains
MCX 37540 37313 38310 38863 on lower level then it will test next support level of
COMEX 16.09 15.89 16.76 16.96 37313. On other side 38310 will be major resistance
level.

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Crude and Copper
CRUDE COMEX CRUDE

PIVOTS S1 S2 R1 R2 Crude oil showed sideways to bearish movement and


MCX 3750 3706 3920 3989 found the major support level of 3750. Now if price
sustains on lower level then it will test next support
COMEX 57.85 56.80 60.74 62.07 level of 3706. On other side 3920 will be major
resistance level.

COPPER COMEX COPPER

Copper showed sideways to bearish movement and


PIVOTS S1 S2 R1 R2
found the major support level of 427.75. Now if price
MCX 427.75 423.10 438.50 442.50 sustains on lower level then it will test next support
level of 423.10. On other side 438.50 will be major
COMEX 2.9980 2.9835 3.0697 3.1048
resistance level.

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Other Commodities
PIVOTS

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND


S

ALUMINIUM 135.70 133.95 139.20 141.15 12933 2841 Bearish

LEAD 160.20 159.30 164.80 167.20 19595 3181 Bearish

NICKEL 822.10 807.50 842.60 852.70 49470 6690 Bearish

ZINC 216.60 214.75 220.85 222.40 28844 8392 Bearish

NATURAL GAS 162.30 157.50 174.40 179.70 71164 16465 Bearish

LME INVENTORY

COMMODITIES 05/02/2018 06/02/2018 07/02/2018 08/02/2018 09/02/2018

ALUMINIUM -2600 -8825 -6350 -1700 +38925


Due to Summer Bank Holiday NO LME DATA TODAY
COPPER -325 -6175 -2850 +21125 +20125

LEAD -1200 -950 -1375 -1850 -1675

NICKEL -2940 -1176 -2328 -3252 -1692

ZINC -1350 -1400 -1700 -1625 -3075

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Agri Commodity Updates
GUARSEED
Guarseed showed bullish movement and found the
important resistance level of 4530. If price maintains
above 4550 level in next trading session then this
momentum can take prices to 4600 level. If it breaks
the support level of 4450 then 4380 will act as next
support level.

PIVOTS S1 S2 R1 R2

4450 4380 4550 4600

JEERA
Jeera showed bearish movement today and found
the support level of 16400. If price sustains below
16400 levels in next trading session then this
momentum can take prices to 16150 levels. If it
breaks the resistance level of 16600 then 16900 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

16350 16050 16600 16900

SOYABEAN
Soyabean showed bullish movement and found the
important resistance level of 3830. If price maintains
above 3850 level in next trading session then this
bullish momentum can take prices to 3900 level. If it
breaks the support level of 3750 then 3700 will act
as next support level.

PIVOTS S1 S2 R1 R2

3750 3700 3850 3900

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Intraday Super Star
(Premium Section)

CALL: SELL CRUDE OIL BELOW 3790 TARGETS 3750/3710 SL 3850.

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Multibagger Call
(Premium Section)

CALL: BUY LEAD ABOVE 163.60 TARGETS 164.60/165.60 SL 162.10.

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Trifid Special
(Premium Section)

SS

CALL: SELL GOLD BELOW 29800 TARGETS 29600/29400 SL 29900

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