Daily Market Reflection

2ndAugust 2017

27842 -
Market Outlook COMDEX
Gold prices held near their highest level in around seven weeks
on Tuesday, as market players looked ahead to a key batch of
U.S. economic data to gauge the strength of the world's largest
economy and how it will impact the Federal Reserve's view on
monetary policy. Oil traded near two-month high, supported by
signs that a persistent inventory glut is starting to ease and strong
global demand, although stronger OPEC production kept a lid on
gains. Copper prices are managing to generally hold on to most of
its recent gains and the metal looks strong, while the other metals Market Updates
appear not to be convinced that they should be following coppers MCX Date Date % Chg
lead. 31-07-17 1-08-17
GOLD 28557 28771 +0.05%
Fundamental News SILVER 38645 38515 -0.34%
Gold prices in India last week recorded the biggest discount in COPPER 410.65 407.90 -0.67%
seven months as a rebound in prices hurt retail demand while CRUDE 3183 3135 -1.51%
imports of the precious metal are expected to come under ALUMINIUM 122.70 121.85 -0.69%
pressure amid a seasonal slowdown. LEAD 149 149.20 +0.13%
Brent crude oil prices were expected to remain broadly unchanged NICKEL 657.30 657.90 +0.09%
in 2018 and average at around $45-$50 a barrel as U.S. shale ZINC 179.40 178 -0.78%
production is able to expand at these levels, effectively capping NATURALGAS 180 181.20 181.20
prices. +0.67%COME Date Date % Chg
X 31-07-17 1-08-17
Important Data GOLD 1266.60 1272.39 +0.46%
SILVER 16.786 16.758 -0.17%
Time Currenc Event Forecast Previous CRUDE 50.17 48.95 -2.43%
y COPPER 2.892 2.881 -0.36%
$ INDEX 92.67 92.82 +0.16%
Employment USDINR 64.4075 64.2850 -0.19%
4:15am NZD 0.7% 1.2%
Change q/q

4:15am NZD Unemployment Rate 4.8% 4.9%

OUR PREVIOUS CALLS UPDATE
Spanish Intraday super star
12:30pm EUR Unemployment -66.5K -98.3K Date Commodity Entry Exit P/L
Change
1/08 ALUMINIUM - - -
2:00pm GBP Construction PMI 54.2 54.8 Multibagger
Date Commodity Entry Exit P/L
ADP Non-Farm 1/08 SILVER - - -
Trifid special
5:45pm USD Employment 187K 158K
Date Commodity Entry Exit P/L
Change
1/08 GOLD - - -
Crude Oil For our next calls click here..
8:00pm USD
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 Gold and Silver

GOLD COMEX GOLD

Gold showed sideways to bullish movement and found

the important resistance level of 28814. Now if it will
PIVOT S1 S2 R1 R2
S close above the important resistance level of 28860 then
MCX 28500 28300 28860 29000 29000 will act as next resistance level. On the other
COME 1260 1255 1275 1280 hand 28500 will act as a major support level.

SILVER COMEX SILVER

Silver showed bearish movement and found the

PIVOTS S1 S2 R1 R2 important support level of 38230. Now if it will close
below the important support level of 38000 then 37500
MCX 38000 37500 39000 39500
will act as next support level. On the other hand 39000
COMEX 16.60 16.50 16.90 17.00
will act as a major resistance level.

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 Crude and Copper

CRUDE COMEX CRUDE

Crude showed bearish movement and found the

PIVOTS S1 S2 R1 R2 important support level of 3107. Now if it will close
below the important support level of 3100 then 3050 will
MCX 3100 3050 3235 3300
act as next support level. On the other hand 3235 will
COMEX 48.00 46.00 50.00 52.00
act as a major resistance level.

COPPER COMEX COPPER

Copper showed bearish movement and found the

important support level of 406.10. Now if it will close
PIVOTS S1 S2 R1 R2
below the important support level of 405 then 400 will
MCX 405 400 415 420 act as next support level. On the other hand 415 will act
COMEX 2.8200 2.7800 2.8900 2.9500 as a major resistance level.

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 Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND

S

ALUMINIUM 120 119 123.50 125 4063 2780 Bearish

LEAD 147 145 150 152 14522 2303 Bullish

NICKEL 640 625 665 680 35938 18186 Bullish

ZINC 177 175 180 182 18954 5248 Bearish

NATURAL GAS 177 175 183 187 49483 11637 Bullish

LME INVENTORY
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Due to Summer
COMMODITIES Bank Holiday NO LME
26/07/2017 DATA TODAY
27/07/2017 28/07/2017 31/07/2017 01/08/2017

ALUMINIUM -3425 -4375 -5975 -7775 -5000

COPPER -1600 -1125 -1550 -3600 -1450

LEAD -900 +300 -375 -275 -1025

NICKEL +900 +42 -1602 -1446 -96

ZINC -950 -225 -325 -100 -1275

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 Agri Commodity Updates

GUARSEED
Guarseed showed bullish movement and found the
important resistance level of 3650. If prices sustains
below 3550 level in next trading session then this
momentum can take prices to 3500 level. If it breaks
the resistance level of 3650 then 3700 will act as
next resistance level.

PIVOTS S1 S2 R1 R2

3550 3500 3650 3700

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 19400 then 19600 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

19000 18900 19400 19600

SOYABEAN
Soyabean showed sideways movement and found
the important support level of 3000. If prices sustain
below 3000 level in next trading session then this
bearish momentum can take prices to 2950 level. If
it breaks the resistance level of 3070 then 3100 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

3000 2950 3070 3100

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 Intraday Super Star
(Premium Section)

CALL: SELL ALUMINIUM BELOW 122 TARGETS 121/120 SL 123.50

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 Multibagger Call
(Premium Section)

CALL: BUY SILVER ABOVE 38820 TARGETS 39120/39420 SL 38400.

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 Trifid Special
(Premium Section)

CALL: BUY GOLD ABOVE 28860 TARGETS 28960/29060 SL 28700.

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