Daily Market Reflection

29th March 2017

Market Outlook COMDEX

Gold prices edged lower on Tuesday, pulling back from its
strongest level in a month as the dollar and global equities
recovered from recent losses. Oil prices rose on Tuesday,
supported by a weaker dollar, but crude continued to be weighed
down by surging U.S. production and uncertainty over whether an
OPEC-led supply cut is big enough to rebalance the market. The
base metals have been on a back footing for some time now with
upside initiatives being capped by overhead supply from stale
long liquidation, profit-taking and forward selling. Market Updates
MCX Date Date % Chg
27-03-17 28-03-
Fundamental News
17
The yellow metal settled higher for the second session in a row GOLD 28800 28794 -0.05%
on Monday after hitting its strongest since February 27 at SILVER 42119 42265 +0.34%
$1,261.00 after U.S. President Donald Trump's failure to push COPPER 378.95 385.25 +1.66%
through a healthcare reform bill. CRUDE 3111 3171 +1.90%
ALUMINIUM 125.10 126.05 +0.76%
U.S. crude oil output has already risen 8.3 percent since mid- LEAD 148.90 151.15 +1.37%
2016 to 9.13 million barrels per day (bpd). Output briefly NICKEL 637 648.70 +1.82%
reached 9.7 million bpd in April 2015, the highest since May ZINC 179.30 182.85 +1.81%
1971. NATURALGAS 199.40 201 +0.50%
COMEX Date Date % Chg
27-03-17 28-03-17
Important Data GOLD 1255.70 1254.55 -0.10%
SILVER 18.108 18.227 +0.66%
Time Currency Event Forecast Previous CRUDE 47.73 48.40 +1.40%
COPPER 2.632 2.671 +1.48%
$ INDEX 99.03 99.36 +0.34%
Net Lending to
2:00pm GBP 4.9B 4.8B USDINR 65.4125 65.0500 -0.55%
Individuals m/m
M4 Money Supply
2:00pm GBP 0.5% 0.9%
m/m OUR PREVIOUS CALLS UPDATE
Mortgage Intraday super star
2:00pm GBP 70K 70K Date Commodity Entry Exit P/L
Approvals
FOMC Member 28/3 SOYABEAN - - -
6:50pm USD Evans Speaks Multibagger
Date Commodity Entry Exit P/L
Pending Home 28/3 SILVER - - -
7:30pm USD 2.3% -2.8%
Sales m/m Trifid special
Crude Oil Date Commodity Entry Exit P/L
8:00pm USD 5.0M
Inventories
28/3 CRUDE - - -
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 Gold and Silver

GOLD COMEX GOLD

Gold showed sideways to bullish movement and found

the important resistance level of 28950. Now if it will
PIVOT S1 S2 R1 R2
S sustain below the important support level of 28700 then
MCX 28700 28500 29000 29200 28500 will act as next support level. On the other hand
COME 1250 1235 1261 1275 29000 will act as a major resistance level.

SILVER COMEX SILVER

Silver showed bullish movement and found the important

PIVOTS S1 S2 R1 R2 resistance level of 42400. Now if it will sustain below
42100 then 41700 will act as next support level. On the
MCX 42100 41700 42500 43000
other hand 42500 will act as a major resistance level.
COMEX 18.00 17.80 18.25 18.45

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 Crude and Copper

CRUDE COMEX CRUDE

Crude showed bullish movement and found the

PIVOTS S1 S2 R1 R2 important resistance level of 3180. Now if it will close
below the important support level of 3100 then 3050 will
MCX 3150 3100 3200 3250
act as next support level. On the other hand 3200 will
COMEX 48.25 47.50 48.95 49.50
act as a major resistance level.

COPPER COMEX COPPER

Copper showed bullish movement and found the

important resistance level of 384. Now if it will close
PIVOTS S1 S2 R1 R2
below the important support level of 381 then 375 will
MCX 381 375 385 390 act as next support level. On the other hand 390 will act
COMEX 2.6400 2.6200 2.6700 2.6900 as a major resistance level.

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 Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND

S

ALUMINIUM 124 123 127 128.50 4198 1050 Bullish

LEAD 150 147 153 155 13800 1443 Bullish

NICKEL 630 610 660 675 32948 22386 Bullish

ZINC 181 178 185 187 19485 3891 Bullish

NATURAL GAS 197 193 203.50 207 27549 1236 Bullish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
COMMODITIES Bank Holiday NO LME
22/03/2017 DATA TODAY
23/03/2017 24/03/2017 27/03/2017 28/03/2017

ALUMINIUM -10450 -9950 -8850 -9925 -12975

COPPER -5875 -6875 -4575 -1150 -2150

LEAD +175 +175 +175 +175 +175

NICKEL -234 +462 +90 -108 -978

ZINC -1275 -975 -1350 -1100 -575

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 Agri Commodity Updates

GUARSEED
Guarseed showed sideways movement and found
the important support level of 3750. If prices sustains
below 3750 level in next trading session then this
bearish momentum can take prices to 3700 level. If it
breaks the resistance level of 3850 then 3900 will act
as next resistance level.

PIVOTS S1 S2 R1 R2

3750 3700 3850 3900

JEERA
Jeera showed bullish movement today and found
the resistance level of 18500. If prices sustain below
18000 levels in next trading session then this
bearish momentum can take prices to 17500 levels.
If it breaks the resistance level of 18500 then 18800
will act as next resistance level.

PIVOTS S1 S2 R1 R2

18000 17800 18500 18800

SOYABEAN
Soyabean showed sideways movement and found
the important support level of 2860. If prices sustain
below 2860 level in next trading session then this
bearish momentum can take prices to 2830 level. If
it breaks the support level of 2910 then 2950 will act
as next support level.

PIVOTS S1 S2 R1 R2

2860 2830 2910 2950

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 Intraday Super Star
(Premium Section)

CALL: SELL SOYABEAN BELOW 2860 TARGETS 2830/2800 SL 2910.

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 Multibagger Call
(Premium Section)

CALL: BUY SILVER ABOVE 42160 TARGETS 42500/42800 SL 41700.

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 Trifid Special
(Premium Section)

CALL: BUY ALUMINIUM ABOVE 126.30 TARGET 127.30/128.30 SL 124.80.

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