Daily Market Reflection

29th November 2016

COMDEX

Market Outlook
Precious metals are rebounding sharply with both gold and
silver up more than a percent as the dollar weakened. The US
GDP and payrolls data this week will give further cues. The
Italian referendum will also be key for golds direction US data
continues to exhibit strength which is increasing odds for a
faster rate hike cycle by the Fed. Base metals continue their
rally from recent weeks on hopes of a demand pickup China's
industrial sector profit growth picked up in October, aided by
stronger sales and higher prices. Oil prices gained around 2%
yesterday and are largely expected to trade choppy ahead of
the OPEC decision this week.
Fundamental News
Gold futures sprang higher Monday, with a pullback in the U.S.
dollar and a decline in the stock market helping the precious
metal regain strength after hitting lows last seen in February.
Oil prices rose on Monday in volatile trading, recouping losses
as the market reacted to the shaky prospect of major producers
being able to agree to output cuts at a meeting on Wednesday.
Important Data
Time

7:00pm
7:00pm
7:00pm
7:30pm
7:45pm
8:30pm

Currency

Event

Forecas
t

Previou
s

CAD

Current Account

-16.4B

-19.9B

USD

Prelim GDP q/q

3.0%

2.9%

1.5%

1.5%

Prelim GDP Price

Index q/q
S&P/CS
Composite-20 HPI
y/y
FOMC Member
Dudley Speaks
CB Consumer
Confidence

Market Updates
MCX
Date
25-11-16
GOLD
SILVER
COPPER
CRUDE
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS

28598
40498
403.75
3198
120.60
165.10
799.40
197.05
220.40

Date
28-1116
28748
40705
401.10
3260.00
118.55
167.20
788.50
192.55
230.00

COMEX

Date
28-11-16
1188.50
16.655
47.12
2.675
101.50

% Chg

GOLD
SILVER
CRUDE
COPPER
$ INDEX

Date
25-11-16
1178.40
16.554
46.06
2.682
101.48

USDINR

68.4325

68.7100

+0.41%

+0.52%
+0.51%
-0.66%
+1.94%
-1.70%
+1.27%
-1.36%
-2.28%
+4.36%

+0.86%
+0.61%
+2.30%
-0.24%
+0.02%

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity
Entry
Exit
P/L

28/1 LEAD
165
167
1
Multibagger
USD
5.3%
5.1%
Date Commodity Entry
Exit
28/1 NATURAL G. 214
224
1
USD
Trifid special
Date Commodity Entry
Exit
101.3
98.6
USD
28/1 COPPER
404
414
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1
For our next calls click here..
USD

% Chg

10000

P/L
12500

P/L
10000

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

28600
1175

28350
1170

28900
1186

29100
1194

SILVER

Gold showed sideways movement and found the

important support level of 28600. Now if it will close
below the important support level of 28600 then 28300
will act as next support level. On higher side 28900 will
act as vital resistance level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

40300
16.35

39700
16.15

41300
16.80

41800
17.00

Silver showed bullish movement and found the important

resistance level of 41300. Now if it will close above the
important resistance level of 41500 then 42000 will act
as next resistance level. On lower side 40300 will act as
vital support level.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

3200

3125

3300

3350

COMEX

46.50

46.00

48.00

48.60

COPPER

Crude showed bullish movement and found the

important resistance of 3280. Now if it breaks 3200 then
next support level is seen around 3125. On the other
hand 3300 will act as a major resistance level; if it
breaks the prices could visit 3350 level.
COMEX COPPER

PIVOTS

S1

S2

R1

R2

MCX

397

390

410

415

COMEX

2.6190

2.5700

2.6830

2.7250

Copper showed sideways to bearish movement and

found the important support level of 400. Now if it will
break the resistance level of 410 then 415 will act as
next resistance level. On the other hand 397 will act as
a major support level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

118

115

120

123

8011

1597

Bearish

LEAD

164

163

170

173

32351

1771

Bullish

NICKEL

770

750

800

830

31880

5743

Bearish

ZINC

190

187

196

200

42562

4255

Bearish

NATURAL GAS

227

224

233

237

38533

4622

Bullish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
Bank Holiday NO23/11/2016
LME DATA TODAY
COMMODITIES
22/11/2016

24/11/2016

25/11/2016

28/11/2016

ALUMINIUM

-8051

-7801

+899

-5451

+26524

COPPER

-4798

-2874

-3526

+1324

-2951

LEAD

-1025

NICKEL

+1025

+468

-223

-6

-715

ZINC

-76

-451

-1274

-226

-224

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Agri Commodity Updates

GUARSEED
Guarseed showed sideways movement today. Prices
closed above the important resistance of 3300. If
prices hold above this level in next trading session
then this bullish momentum can take prices to 3500
level. If it breaks the support level of 3300 then 3150
will act as next support level.
PIVOTS

S1

S2

R1

R2

3300

3150

3400

3500

JEERA
Jeera showed bullish movement and breached the
important resistance level of 19300. Now on higher
side 19300 will act as important resistance level
above which it will pull towards the resistance level
of 19500. On lower side bearish movement can
drag it towards the support level of 18800.

PIVOTS

S1

S2

R1

R2

18800

18500

19300

19500

SOYABEAN
Soyabean showed bullish movement today. Prices
tried to pull towards important resistance level of
3165. Now if it will break the support level of 3120
then 3080 will act as next support level. On the
other hand 3180 will act as a major resistance level.

PIVOTS

S1

S2

R1

R2

3110

3070

3180

3210

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Intraday Super Star

(Premium Section)

CALL: SELL NICKEL BELOW 783 TARGETS 773/763 SL 798.

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Multibagger Call
(Premium Section)

CALL: SELL ALUMINIUM BELOW 119 TARGET 117.50/116 SL 121.

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Trifid Special
(Premium Section)

CALL: BUY NATURAL GAS ABOVE 231 TARGETS 236/241 SL 224.

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