Daily Market Reflection

18thAugust 2017

27842 -
Market Outlook COMDEX
Gold prices rose sharply on Thursday, climbing back toward their
highest level in more than two months after minutes from the
Federal Reserve's July meeting hinted at a delay in further rate
hikes. Oil prices edged higher on Thursday, but stayed near their
lowest level in three weeks as concern over rising production in
the U.S. and elsewhere dampened sentiment. Oil ended more
than 1% lower on Wednesday after U.S. government data
revealed a weekly climb in domestic production to the highest
level in over two years. Market Updates
MCX Date Date % Chg
Fundamental News 16-08-17 17-08-
Gold gained further after the minutes from the Fed's last policy 17
meeting showed policymakers were increasingly wary of recent GOLD 28952 29151 +0.69%
softness in inflation and could delay a rate hike. SILVER 38863 39098 +0.60%
COPPER 419 415.65 -0.80%
Energy Information Administration (EIA) data on Wednesday CRUDE 3008 3021 +0.43%
showed that commercial U.S. crude oil stocks have fallen by ALUMINIUM 133.15 131.85 -0.98%
almost 13 percent from their peaks in March to 466.5 million LEAD 160.10 153.20 -4.31%
NICKEL 686.10 683 -0.45%
barrels. Stocks are now lower than in 2016.
ZINC 199.70 195.60 -2.05%
NATURALGAS 186.20 188.20 +1.07%
COMEX Date Date % Chg
16-08-17 17-08-17
Important Data GOLD 1282.90 1290.63 +0.60%
SILVER 16.940 17.004 +0.37%
Time Currenc Event Forecast Previous
CRUDE 46.78 47.09 +0.66%
y COPPER 2.954 2.933 -0.69%
$ INDEX 93.41 93.51 +0.11%
6:00pm CAD CPI m/m 0.0% -0.1% USDINR 64.2250 64.2350 +0.01%

6:00pm CAD Common CPI y/y 1.4%

OUR PREVIOUS CALLS UPDATE
Intraday super star
6:00pm CAD Median CPI y/y 1.6%
Date Commodity Entry Exit P/L
17/0 COPPER - - -
6:00pm CAD Trimmed CPI y/y 1.2%8
Multibagger
Prelim UoM Date Commodity Entry Exit P/L
7:30pm USD Consumer 94.0 93.4 17/0 CRUDE - - -
Sentiment 8
Trifid special
Prelim UoM Inflation Date Commodity Entry Exit P/L
7:30pm USD 2.6%
Expectations 17/0 GOLD 28970 29170 +2000
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8 0
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 Gold and Silver

GOLD COMEX GOLD

Gold showed bullish movement and found the important

resistance level of 29229. Now if it will close above the
PIVOT S1 S2 R1 R2
S important resistance level of 29250 then 29500 will act
MCX 29000 28800 29250 29500 as next resistance level. On the other hand 28800 will
COME 1280 1275 1290 1295 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 39350. Now if it will close above the
important resistance level of 39400 then 40000 will act
MCX 38500 38000 39400 40000
as next resistance level. On the other hand 38500 will
COMEX 16.90 16.75 17.15 17.25
act as a major support 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 2981. Now if it will close
below the important support level of 2980 then 2950 will
MCX 2980 2950 3050 3100
act as next support level. On the other hand 3100 will
COMEX 47.00 45.00 48.00 50.00
act as a major resistance level.

COPPER COMEX COPPER

Copper showed bearish movement and found the

important support level of 414.70. Now if it will close
PIVOTS S1 S2 R1 R2
below the important support level of 414 then 405 will
MCX 410 405 425 430 act as next support level. On the other hand 425 will act
COMEX 2.9100 2.8500 2.9700 3.0000 as a major resistance level.

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 Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND

S

ALUMINIUM 130 128 135 137 6709 3092 Bearish

LEAD 150 147 155 158 18064 2093 Bearish

NICKEL 675 660 700 715 36373 13979 Bearish

ZINC 192 190 198 200 29994 7994 Bearish

NATURAL GAS 185 182 190 193 46724 5421 Bullish

LME INVENTORY
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Due to Summer
COMMODITIES Bank Holiday NO LME
10/08/2017 DATA TODAY
11/08/2017 14/08/2017 16/08/2017 17/08/2017

ALUMINIUM -8750 -10250 +7425 -2575 -2825

COPPER -875 -4375 -350 -1975 -3200

LEAD -75 -525 -125 -125 -400

NICKEL -162 +1314 -408 +1302 -366

ZINC -1400 -1400 -3025 -2200 -2000

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 Agri Commodity Updates

GUARSEED
Guarseed showed bullish movement and found the
important resistance level of 3915. If prices sustains
below 3850 level in next trading session then this
momentum can take prices to 3800 level. If it breaks
the resistance level of 3925 then 3975 will act as
next resistance level.

PIVOTS S1 S2 R1 R2

3850 3800 3925 3975

JEERA
Jeera showed bullish movement today and found
the resistance level of 19850. If prices sustain below
19450 levels in next trading session then this
momentum can take prices to 19200 levels. If it
breaks the resistance level of 19900 then 20200 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

19450 19200 19900 20200

SOYABEAN
Soyabean showed bullish movement and found the
important support level of 3170. If prices sustain
below 3120 level in next trading session then this
bearish momentum can take prices to 3080 level. If
it breaks the resistance level of 3170 then 3200 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

3120 3080 3170 3200

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 Intraday Super Star
(Premium Section)

CALL: SELL ALUMINIUM BELOW 131.50 TARGETS 130.50/129.50 SL 133.

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 Multibagger Call
(Premium Section)

CALL: SELL CRUDE BELOW 3000 TARGETS 2970/2940 SL 3040.

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 Trifid Special
(Premium Section)

CALL: BUY SILVER ABOVE 39350 TARGETS 39650/39950 SL 38950.

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