Daily Market Reflection

9thAugust 2017

27842 -
Market Outlook COMDEX
Gold prices drifted higher in listless trade on Tuesday, as market
players looked ahead to monthly U.S. inflation indicators due
later in the week for fresh clues on the timing of the next Federal
Reserve rate hike. Oil prices edged higher on Tuesday, as
market players looked ahead to the outcome of a meeting of
officials from some OPEC and non-member nations in Abu Dhabi
for fresh details on how the group can increase compliance with
production cuts that began at the start of the year.
Market Updates
MCX Date Date % Chg
7-08-17 8-08-17
Fundamental News GOLD 28457 28379 -0.27%
The yellow metal has been well-supported in recent weeks as SILVER 37271 37499 +0.61%
fading expectations for a third Fed rate hike this year combined COPPER 407.65 414.05 +0.85%
with deepening political turmoil in the White House boosted the CRUDE 3144 3139 -0.16%
ALUMINIUM 125.55 128.80 +2.59%
appeal of the precious metal.
LEAD 148.70 151.80 +0.63%
NICKEL 662.70 684 +3.21%
Officials from a joint OPEC and non-OPEC technical committee ZINC 183.25 186.95 +2.02%
are meeting in Abu Dhabi on Tuesday to discuss ways to increase NATURALGAS 179.40 180.10 +0.39%
compliance with the deal to cut 1.8 million bpd in production.
COMEX Date Date % Chg
7-08-17 8-08-17
GOLD 1264.70 1263.56 -0.09%
Important Data SILVER 16.251 16.402 +0.93%
CRUDE 49.39 49.08 -0.61%
Time Currenc Event Forecast Previous COPPER 2.907 2.941 +1.17%
y $ INDEX 93.30 93.48 +0.19%
USDINR 63.9875 63.7975 -0.30%
Building Permits
6:00pm CAD -1.8% 8.9%
m/m

Prelim Nonfarm
6:00pm USD 0.7% 0.0% OUR PREVIOUS CALLS UPDATE
Productivity q/q
Intraday super star
Prelim Unit Labor Date Commodity Entry Exit P/L
6:00pm USD 1.1% 2.2%
Costs q/q
7/08 CRUDE 3165 3225 -4000
Mortgage
9th-12th USD 4.71% Multibagger
Delinquencies Date Commodity Entry Exit P/L
Final Wholesale 7/08 ZINC 180.25 182.25 +1000
7:30pm USD 0.6% 0.6% 0
Inventories m/m
Trifid special
Date Commodity Entry Exit P/L
Crude Oil
8:00pm USD -2.6M -1.5M 3/08 NG. - - -
Inventories
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 Gold and Silver

GOLD COMEX GOLD

Gold showed bearish movement and found the important

support level of 28300. Now if it will close below the
PIVOT S1 S2 R1 R2
S important support level of 28300 then 28000 will act as
MCX 28300 28000 28860 29000 next support level. On the other hand 28860 will act as a
COME 1250 1245 1265 1270 major resistance level.

SILVER COMEX SILVER

Silver showed bullish movement and found the important

PIVOTS S1 S2 R1 R2 resistance level of 37625Now if it will close above the
important resistance level of 37700 then 38000 will act
MCX 37000 36200 37700 38000
as next resistance level. On the other hand 37000 will
COMEX 16.00 15.85 16.50 16.75
act as a major support level.

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 Crude and Copper

CRUDE COMEX CRUDE

Crude showed sideways to bullish movement and found

PIVOTS S1 S2 R1 R2 the important resistance level of 3179. Now if it will
close above the important resistance level of 3180 then
MCX 3100 3050 3180 3235
3235 will act as next resistance level. On the other hand
COMEX 48.50 46.00 50.00 52.00
3100 will act as a major support level.

COPPER COMEX COPPER

Copper showed bullish movement and found the

important resistance level of 414.70. Now if it will close
PIVOTS S1 S2 R1 R2
above the important resistance level of 415 then 420
MCX 407 400 415 420 will act as next resistance level. On the other hand 400
COMEX 2.9000 2.8500 2.9500 3.0000 will act as a major support level.

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 Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND

S

ALUMINIUM 128 126 130 132 15343 4768 Bullish

LEAD 150 148 153 155 18401 2706 Bullish

NICKEL 670 650 700 720 43881 17820 Bullish

ZINC 186 184 190 192 30079 8268 Bullish

NATURAL GAS 176 173 182 186 28606 12407 Bullish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
COMMODITIES Bank Holiday NO LME
01/08/2017 DATA TODAY
2/08/2017 3/08/2017 4/08/2017 8/08/2017

ALUMINIUM -5000 -5125 -7300 -5525 -8550

COPPER -1450 +5575 -1675 -1200 -2750

LEAD -1025 -875 -500 -425 -50

NICKEL -96 +438 -288 -288 -1290

ZINC -1275 -225 -225 -150 -950

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 Agri Commodity Updates

GUARSEED
Guarseed showed bullish movement and found the
important resistance level of 3750. If prices sustains
below 3700 level in next trading session then this
momentum can take prices to 3650 level. If it breaks
the resistance level of 3750 then 3800 will act as
next resistance level.

PIVOTS S1 S2 R1 R2

3700 3650 3750 3800

JEERA
Jeera showed bullish movement today and found
the resistance level of 19800. If prices sustain below
19500 levels in next trading session then this
momentum can take prices to 19200 levels. If it
breaks the resistance level of 19800 then 20000 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

19500 19200 19800 20000

SOYABEAN
Soyabean showed bearish movement and found the
important support level of 2930. If prices sustain
below 2930 level in next trading session then this
bearish momentum can take prices to 2900 level. If
it breaks the resistance level of 2975 then 3010 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

2930 2900 2975 3010

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 Intraday Super Star
(Premium Section)

CALL: BUY COPPER ABOVE 415 TARGETS 418/421 SL 411.

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 Multibagger Call
(Premium Section)

CALL: BUY LEAD ABOVE 152.50 TARGETS 153.50/154.50 SL 151.

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 Trifid Special
(Premium Section)

CALL: SELL NATURAL GAS BELOW 178 TARGETS 175/172 SL 182.

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