Daily Market Reflection

13 th July 2016
Market Outlook

COMDEX

Gold and Silver showed bearish movement and broke the important
support level. Intermediate bull trend of precious metals is halted and
short term bearish trend can be seen. In coming session volatility can
be seen and selling strategy would be profitable in short term. Crude
oil showed bullish movement as demand from developing country like
China and India is increasing and hope of further increase is very high.
Buying would be profitable if crude will show some correction. Base
metals also increased as demand is increasing from China. In coming
session more bullishness can be seen in base metals.
Fundamental News
Fundamental Factors
Gold fell for a second straight day on Tuesday as global equities
rallied on easing political uncertainty in Britain and hopes for
more economic stimulus, which in turn curbed demand for
assets perceived as a safe haven.
OPEC monthly report projected that demand for oil would
increase as the oversupply faded. The report said that US
production would continue to decline in 2017, while developing
economies such as India and China would increase their
demand for crude.
Important Data
Time

6:00 pm

Currenc
y

Event

USD

Import Prices m/m

USD
8:00 pm
8:45 pm
10:31
pm
11:30
pm
11:30
pm

CAD
USD

Foreca
st

Previou
s

0.6%

1.4%

Crude Oil
Inventories

-2.2M

BOC Press
Conference
30-y Bond Auction

2.48|2.4

USD
Beige Book
USD

Federal Budget
Balance

24.2B

-52.5B

Market Updates
MCX
Date
11-07-16
GOLD
SILVER
CRUDE

31578
47812
3019

Date
12-0716
31039
47342
3142

COPPER
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS
COMEX

321.45
110.65
121.90
674.80
143.10
182.10
Date
11-07-16
1355.45
20.350
44.62
2.146
67.157
96.58

330.30
112
125.60
701.%
146.70
184
Date
12-07-16
1335.25
20.163
46.76
2.211
67.025
96.45

GOLD
SILVER
CRUDE
COPPER
USDINR
$ INDEX

% Chg
-1.71%
-0.98%
+4.07%
+2.75%
+1.22%
+3.04%
+3.94%
+2.52%
+1.04%
% Chg
-1.57%
-0.69%
+4.47%
+2.96%
-0.20%
-0.13%

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity Entry
Exit
P/L
12/0 COPPER
7
Multibagger
Date Commodity Entry
Exit
12/0 CRUDE
7
Trifid special
Date Commodity Entry
Exit
12/0 GOLD
31540 31440
7
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P/L
-

P/L
10000

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

30950
1330

30700
130

31215
1340

31600
1350

SILVER

Gold showed bearish movement and found the support

of 31000. Now if it will break the important support level
of 30900 then 30500 will act as next support level. On
higher side 31250 will act as vital resistance level.

COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

46885
20.10

45840
19.90

47800
20.50

48615
20.75

Silver showed bearish movement. Now if it will break the

resistance level of 48000 then 48600 will act as next
resistance level. On lower side 47000 will act as vital
support level.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

3110

3055

3170

3210

COMEX

46

44.30

46.90

47.50

COPPER

Crude oil showed bullish movement. Now if it showed

bullish movement and maintain above 3150 then 3225
will be next resistance level. On the other hand 3075
will act as important support level.
COMEX COPPER

PIVOTS

S1

S2

R1

R2

MCX

328

325

333

336

COMEX

2.2380

2.2165

2.2655

2.2800

Copper showed bullish movement in whole trading session

and found resistance of 333.70. Now if it will break the
resistance of 334 then 337 will act as next resistance level.
On the other hand 327 will act as a major support level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

110.30

108.90

112.50

114

7006

2476

Bullish

LEAD

123.90

122.70

126.90

128

12529

2759

Bullish

NICKEL

690

675

715

730

55510

12938

Bullish

ZINC

145.60

143.80

147.70

149

28440

11459

Bullish

NATURAL GAS

180

175

190

195

44229

6243

Bullish

LME INVENTORY
dasdasdinkjjlfcnl
COMMODITIES
6/07/2016

7/07/2016

8/07/2016

11/07/2016

12/07/2016

ALUMINIUM

-5300

-5925

-5775

-7075

-6050

COPPER

+23625

-1825

+2500

-625

+12150

LEAD

-50

-100

-125

NICKEL

+780

+636

-936

+408

+384

ZINC

-350

-950

-575

-650

-125

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Agri Commodity Updates

TURMERIC
Turmeric showed bullish movement after found the
important resistance level of 8100. Now on lower
side 8000 will act as important support level below
which it will drags towards the support level of 7900.
On higher side some correction will take it towards
the resistance level of 8200.
PIVOTS

S1

S2

R1

R2

7980

7880

8100

8180

DHANIYA
Dhaniya showed bullish movement and found the
resistance of 7780. Now on higher side 7800 will act
as important resistance level above which it will
bounce towards the resistance level of 8000. On
lower side some correction pulls it towards the
support level of 7550.

PIVOTS

S1

S2

R1

R2

7625

7540

7780

7850

RMSEED
Rmseed showed sideways movement and break
its important resistance level of 4900. Now on lower
side 4860 will act as important support level below
which it will drags towards the support level of 4800.
On higher side some correction it towards the
resistance level of 4900.

PIVOTS

S1

S2

R1

R2

4850

4800

4900

4950

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Intraday Super Star

(Premium Section)

CALL: BUY COPPER ABOVE 331 TARGETS 333/335 SL 328.

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Multibagger Call
(Premium Section)

CALL: BUY LEAD ABOVE 125.90 TARGETS 126.90/127.90 SL 124.50.

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Trifid Special
(Premium Section)

CALL: BUY SILVER ABOVE 47400 TARGETS 47750/48300 SL 46999.

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