Daily Market Reflection

20th October 2016

COMDEX

Market Outlook
Gold closed higher on Wednesday as the U.S. dollar continued
to trade off from its highs hit earlier this month on the back of a
drop in monthly domestic housing starts. Silver closed higher
after participants raised their bets amid firming global trends.
Base metals were mixed. Crude closed higher after the U.S. EIA
reported that crude supplies dropped by 5.2 million barrels.
Prices got off to an upbeat start after an official from Saudi
Arabia said crude producers who arent OPEC members have
shown willingness to join the cartels effort to limit output.

Fundamental News
Gold futures looked set Wednesday to log a third straight
session climb as the U.S. dollar deepened its retreat from the
multi-month highs hit earlier this month on the back of a drop in
monthly domestic housing starts.
U.S. crude hit a more than one-year high on Wednesday after
government data showed that U.S. crude stockpiles declined for
the sixth time in seven weeks, as refinery activity fell and the
country imported less crude.

Important Data
Time

Currency

5:15pm

EUR

6:00pm

USD

6.00pm
7:30pm
7:30pm
8:00pm

Event
Minimum Bid
Rate
Philly Fed
Manufacturing
Index
Unemployment
Claims
Existing Home
Sales

Foreca
st

Previou
s

0.00%

0.00%

5.2

12.8

Market Updates
MCX
Date
18-10-16

GOLD
SILVER
CRUDE
COPPER
$ INDEX

29786
42175
312.50
3340
109.20
131.35
695.40
152.35
217.70
Date
18-10-16
1262.90
17.638
50.29
2.106
97.88

Date
19-1016
29901
42194
3449
210.50
108.45
133.20
685.80
153.75
210.50
Date
19-10-16
1270.35
17.652
51.65
2.104
97.93

USDINR

66.7900

66.7425

GOLD
SILVER
COPPER
CRUDE
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS
COMEX

251K

246K

+0.39%
+0.05%
-0.14%
+3.26%
-0.69%
+1.41%
-1.38%
+0.92%
-3.31%
% Chg
+0.59%
+0.08%
+2.70%
-0.07%
+0.06%
-0.07%

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity Entry
Exit
P/L

18/1 COPPER
0
Multibagger
5.36M
5.33M
USD
Date Commodity Entry
Exit
18/1 GOLD
29850 29950
CB Leading Index
0
0.2%
-0.2%
USD
m/m
Trifid special
Date Commodity Entry
Exit
Natural Gas
USD
79B
18/1 ALUMINIUM 108.80 107.80
Storage
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| Toll Free: 1800-270-1410
0
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USD

% Chg

P/L
10000

P/L
5000

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

29800
1265

29600
1250

30000
1275

30200
1285

SILVER

Gold showed bullish movement and found the important

resistance level of 29995. Now if it will close above the
important resistance level of 30000 then 30400 will act
as next resistance level. On lower side 29500 will act as
vital support level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

42000
17.45

41700
17.20

42500
17.80

43000
18

Silver showed bullish movement and found the important

resistance level of 42480. Now if it will maintain above its
resistance level of 42500 then 43000 will act as next
resistance level. On the other hand 41750 will act as
important support level.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

3400

3370

3470

3500

COMEX

51.60

51.00

52.50

53.00

COPPER

Crude showed bullish movement and found the

important resistance level of 3465. Now if it will maintain
above its resistance level of 3470 then 3500 will act as
next resistance level. On the other hand 3400 will act as
important support level.
COMEX COPPER

PIVOTS

S1

S2

R1

R2

MCX

309.50

307

317

320

COMEX

2.0769

2.0525

2.1120

2.1270

Copper showed bearish movement and found the

important support of 309.90. Now if it will break the
support level of 309.50 then 307 will act as next support
level. On the other hand 317 will act as a major
resistance level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

107.50

106.20

109

110.20

7903

2764

Bearish

LEAD

131.40

130

133.90

135

18781

3658

Bullish

NICKEL

675

660

701

715

29955

14497

Bearish

ZINC

152.70

151.20

154.50

156

25527

7249

Bullish

NATURAL GAS

207.70

203

213

218

55857

6573

Bearish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
Bank Holiday NO14/10/2016
LME DATA TODAY
COMMODITIES
13/10/2016

17/10/2016

18/10/2016

19/10/2016

ALUMINIUM

-9952

-9950

-6226

+2548

+24751

COPPER

-1698

-1700

-3274

+2201

+2624

LEAD

-151

-150

-151

+601

+601

NICKEL

-446

-444

+1768

-1195

-8

ZINC

-526

-525

-248

+102

-277

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Agri Commodity Updates

SOYAREF
Soyaref showed bullish movement and found its
important support level of 662. Now on higher side
677 will act as important resistance level above
which it will pull towards the resistance level of 690.
On lower side some correction will take it towards
the support level of 651.
PIVOTS

S1

S2

R1

R2

662

650

677

690

JEERAUNJHA
Jeeraunjha showed bullish movement and found its
resistance level of 16570. Now on higher side
16640 will act as important resistance level above
which it will pull towards the resistance level of
16880. On lower side bearish movement drags it
towards the support level of 16100.

PIVOTS

S1

S2

R1

R2

16100

15800

16640

16900

CARDAMOM
Cardamom showed bullish movement and found its
resistance level of 1180. Now on higher side 1185
will act as important resistance level above which it
will pull towards the resistance level of 1200. On
lower side bearish movement drags it towards the
support level of 1155.

PIVOTS

S1

S2

R1

R2

1165

1145

1185

1200

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Intraday Super Star

(Premium Section)

CALL: BUY CRUDE ABOVE 3465 TARGETS 3495/3525 SL 3424

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Multibagger Call
(Premium Section)

CALL: BUY ZINC ABOVE 153.70 TARGETS 154.70/155.70 SL 152.45

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Trifid Special
(Premium Section)

CALL: BUY SILVER ABOVE 42500 TARGETS 42800/43100 SL 42100

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