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Daily Market Reflection

28thJuly 2017

27842 -
Market Outlook COMDEX
Gold prices soared to the highest level in six weeks on Thursday,
after the Federal Reserve's more cautious wording on the U.S.
inflation outlook added to expectations that policy tightening
would be glacial at best. Oil prices rose to a fresh eight-week high
on Thursday, as data showing a fourth consecutive week of
declines in U.S. crude inventories added to optimism that the
market was rebalancing. Oil prices finished higher for the third-
session in a row on Wednesday, after data from the U.S. Energy
Information Administration showed a large drop in domestic crude Market Updates
and gasoline supplies.U.S. Oil inventories fell by 7.2 million MCX Date Date % Chg
barrels at the end of last week to 483.4 million barrels. 26-07-17 27-07-
17
GOLD 28384 28476 +0.32%
Fundamental News SILVER 38091 38263 +0.45%
Inflation data has undershot market expectations for four-straight COPPER 408.10 408 -0.02%
months, showing little sign of improvement but policymakers CRUDE 3132 3161 +0.93%
remained optimistic that the pace of inflation will stabilize over ALUMINIUM 123.55 123.15 -0.32%
longer-term. LEAD 147.50 146.75 -0.51%
.S. refineries are producing more fuel than ever as they seek to NICKEL 639.40 649.50 +1.58%
ZINC 180.25 179.40 -0.47%
meet rising demand - from overseas, rather than the drivers on
NATURALGAS 187.80 191.40 +1.97%
nearby roadways.
COMEX Date Date % Chg
26-07-17 27-07-17
Important Data GOLD 1249.40 1260.68 +0.90%
SILVER 16.459 16.584 +0.75%
Time Currenc Event Forecast Previous CRUDE 48.75 49.05 +0.62%
y COPPER 2.872 2.870 -0.07%
$ INDEX 93.29 93.73 +0.47%
6:00pm CAD GDP m/m 0.2% 0.2% USDINR 64.3900 64.1250 -0.41%

6:00pm USD Advance GDP q/q 2.5% 1.4%


OUR PREVIOUS CALLS UPDATE
Intraday super star
Advance GDP Price
6:00pm USD 1.3% 1.9% Date Commodity Entry Exit P/L
Index q/q
27/0 ZINC 180.40 179.40 +5000
Employment Cost 7
6:00pm USD 0.6% 0.8%
Index q/q Multibagger
Revised UoM Date Commodity Entry Exit P/L
27/0 NG. - - -
7:30pm USD Consumer 93.2 93.1
7
Sentiment Trifid special
Revised UoM Date Commodity Entry Exit P/L
7:30pm USD Inflation 2.7% 26/0 SILVER - - -
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Expectations 7
For our next calls click here..
Gold and Silver

GOLD COMEX GOLD

Gold showed bullish movement and found the important


resistance level of 28607. Now if it will close above the
PIVOT S1 S2 R1 R2
S important resistance level of 28610 then 29000 will act
MCX 28300 28000 28610 29000 as next resistance level. On the other hand 28300 will
COME 1255 1250 1260 1265 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 38699. Now if it will close above the
important resistance level of 38700 then 39000 will act
MCX 37500 37000 38500 39000
as next resistance level. On the other hand 37500 will
COMEX 16.45 16.30 16.70 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 3165. Now if it will close
above the important resistance level of 3170 then 3200
MCX 3100 3070 3170 3200
will act as next resistance level. On the other hand 3070
COMEX 48.00 46.00 50.00 52.00
will act as a major support level.

COPPER COMEX COPPER

Copper showed sideways to bullish movement and


found the important resistance level of 411.20. Now if it
PIVOTS S1 S2 R1 R2
will close above the important resistance level of 415
MCX 405 400 415 420 then 420 will act as next resistance level. On the other
COMEX 2.8200 2.7800 2.8900 2.9500 hand 400 will act as a major support level.

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Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND


S

ALUMINIUM 122 121 125 127 6254 1736 Bearish

LEAD 145 143 148 150 11636 1679 Bearish

NICKEL 640 625 655 670 31653 12032 Bullish

ZINC 178 176 182 185 21921 4992 Bearish

NATURAL GAS 187 185 195 200 48109 5250 Bullish

LME INVENTORY
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Due to Summer
COMMODITIES Bank Holiday NO LME
21/07/2017 DATA TODAY
24/07/2017 25/07/2017 26/07/2017 27/04/2017

ALUMINIUM -8125 -3150 +24275 -3425 -4375

COPPER -1425 -750 -1025 -1600 -1125

LEAD -875 -875 -200 -900 +300

NICKEL -384 -942 -102 +900 +42

ZINC -875 -1175 -575 -950 -225

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Agri Commodity Updates

GUARSEED
Guarseed showed bullish movement and found the
important resistance level of 3550. If prices sustains
below 3500 level in next trading session then this
momentum can take prices to 3450 level. If it breaks
the resistance level of 3550 then 3600 will act as
next resistance level.

PIVOTS S1 S2 R1 R2

3500 3450 3550 3600

JEERA
Jeera showed bearish movement today and found
the support level of 19000. If prices sustain below
19000 levels in next trading session then this
momentum can take prices to 18700 levels. If it
breaks the resistance level of 19300 then 19500 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

19000 18900 19300 19500

SOYABEAN
Soyabean showed sideways movement and found
the important resistance level of 3030. If prices
sustain below 2975 level in next trading session
then this bearish momentum can take prices to
2925 level. If it breaks the resistance level of 3030
then 3075 will act as next resistance level.

PIVOTS S1 S2 R1 R2

2975 2925 3030 3075

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Intraday Super Star
(Premium Section)

CALL: SELL ZINC BELOW 178.80 TARGETS 177.80/176.80 SL 180.

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Multibagger Call
(Premium Section)

CALL: SELL NATURAL GAS (AUG. ) BELOW 186.20 TARGETS 183.20/180.20 SL 190.20

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Trifid Special
(Premium Section)

CALL: BUY SILVER ABOVE 38450 TARGETS 38750/39050 SL 38000.

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