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Daily Market Reflection

28th June 2017

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Market Outlook COMDEX
Gold prices edged higher on Tuesday, recovering from the prior
session's six-week low as market players looked ahead to
comments from Federal Reserve Chair Janet Yellen for further
signs of the central bank's likely rate hike trajectory through the
end of the year. Oil prices rose for a fourth consecutive session
on Tuesday boosted by a weaker dollar and investors covering
short positions, but worries over persistent oversupply capped
gains. The base metals are still split between copper, lead, zinc
and nickel prices that have been able to climb of late and look Market Updates
well placed to continue higher. MCX Date Date % Chg
26-06-17 27-06-
Fundamental News 17
GOLD 28510 28553 +0.15%
Gold failed to capitalize on the release of weaker than expected
SILVER 38304 38355 +0.13%
data as new orders for key U.S.-made capital goods unexpectedly
COPPER 373.30 376.65 +0.90%
fell in May suggesting a slowdown in the manufacturing sector. CRUDE 2801 2860 +2.11%
ALUMINIUM 120.20 121.30 +1.08%
The dollar fell 0.1 percent against a basket of six major currencies
LEAD 144.30 146.90 +1.80%
(DXY), propping up oil, ahead of a speech by U.S. Federal NICKEL 579.60 593 +2.31%
Reserve Chair Janet Yellen. ZINC 174.65 177.55 +1.66%
NATURALGAS 194.40 195.90 +0.77%
COMEX Date Date % Chg
26-06-17 27-06-17
Important Data GOLD 1246.40 1248.94 +0.20%
SILVER 16.572 16.589 +0.10%
Time Currenc Event Forecast Previous CRUDE 43.38 44.17 +1.80%
y COPPER 2.639 2.660 +0.81%
$ INDEX 97.11 96.20 -0.93%
M3 Money Supply USDINR 64.5275 64.5450 +0.03%
1:30pm EUR 5.0% 4.9%
y/y

Goods Trade
6:00pm USD -66.2B -67.1B
Balance OUR PREVIOUS CALLS UPDATE
Intraday super star
Prelim Wholesale
6:00pm USD 0.2% -0.5% Date Commodity Entry Exit P/L
Inventories m/m
27/0 CRUDE OIL 2815 2875 +6000
ECB President 6
7:00pm EUR
Draghi Speaks Multibagger
Pending Home Date Commodity Entry Exit P/L
7:30pm USD 0.9% -1.3% 28/0 SILVER - - -
Sales m/m
6
Trifid special
Crude Oil
8:00pm USD -2.1M -2.5M Date Commodity Entry Exit P/L
Inventories
26/0 COPPER - - -
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6
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Gold and Silver

GOLD COMEX GOLD

Gold showed bullish movement and found the important


resistance level of 28648. Now if it will close above the
PIVOT S1 S2 R1 R2
S important resistance level of 28700 then 29000 will act
MCX 28300 28000 28700 29000 as next resistance level. On the other hand 28300 will
COME 1240 1235 1255 1260 act as a major support level.

SILVER COMEX SILVER

Silver showed bullish movement and found the important


PIVOTS S1 S2 R1 R2 resistance level of 38516. Now if it will close above the
important resistance level of 38600 then 39500 will act
MCX 37800 37000 38800 39500
as next resistance level. On the other hand 37800 will
COMEX 16.30 16.00 16.75 16.90
act as a major support level.

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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 2877. Now if it will close
above the important resistance level of 2880 then 2950
MCX 2800 2750 2930 3000
will act as next resistance level. On the other hand 2800
COMEX 43.00 41.50 46.00 47.50
will act as a major support level.

COPPER COMEX COPPER

Copper showed bullish movement and found the


important resistance level of 378.10. Now if it will close
PIVOTS S1 S2 R1 R2
above the important resistance level of 380 then 385
MCX 365 358 380 385 will act as next resistance level. On the other hand 365
COMEX 2.6000 2.5700 2.6500 2.6800 will act as a major support level.

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Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND


S

ALUMINIUM 120 118 123 125 4940 2195 Bullish

LEAD 145 143 148 150 12295 1908 Bullish

NICKEL 585 570 600 615 27671 29970 Bullish

ZINC 176 174 180 182 21510 5064 Bullish

NATURAL GAS 192 190 198 200 30199 513 Bullish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
COMMODITIES Bank Holiday NO LME
20/06/2017 DATA TODAY
21/06/2017 22/06/2017 23/06/2017 27/06/2017

ALUMINIUM -6400 +21550 -8125 -3225 -4325

COPPER -3100 -2775 -2600 +2000 -4125

LEAD -600 -525 -700 -1475 +150

NICKEL +522 -378 -450 -792 -318

ZINC -5350 -1600 -975 -2100 -1300

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Agri Commodity Updates

GUARSEED
Guarseed showed bearish movement and found the
important support level of 3225. If prices sustains
below 3225 level in next trading session then this
momentum can take prices to 3175 level. If it breaks
the resistance level of 3300 then 3350 will act as
next resistance level.

PIVOTS S1 S2 R1 R2

3225 3175 3300 3350

JEERA
Jeera showed bearish movement today and found
the resistance level of 19000. If prices sustain below
18700 levels in next trading session then this
momentum can take prices to 18300 levels. If it
breaks the resistance level of 19000 then 19300 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

18700 18300 19000 19300

SOYABEAN
Soyabean showed sideways movement and found
the important resistance level of 2860. If prices
sustain below 2830 level in next trading session
then this bearish momentum can take prices to
2800 level. If it breaks the resistance level of 2860
then 2890 will act as next resistance level.

PIVOTS S1 S2 R1 R2

2830 2800 2850 2900

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Intraday Super Star
(Premium Section)

CALL: BUY LEAD ABOVE 147.20 TARGETS 148.20/149.20 SL 145.70.

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Multibagger Call
(Premium Section)

CALL: SELL SILVER BELOW 38250 TARGETS 38050/37850 SL 38550.

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Trifid Special
(Premium Section)

CALL: BUY COPPER ABOVE 377.50 TARGETS 380.50/383.50 SL 373.50.

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