Daily Market Reflection

21stAugust 2017

27842 -
Market Outlook COMDEX
Gold prices were roughly unchanged on Friday struggling to take
advantage of a slump in the dollar, following continued political
uncertainty in Washington as Steve Bannon resigned from his
role as White House chief strategist. Crude futures settled
higher on Friday, on the back of unconfirmed reports of a
shutdown of one of the largest oil refineries in the U.S., easing
investor concerns about the glut in supply. Base metals may
experience some weakness today should the return to risk
aversion continue and force eventually market players to cut Market Updates
exposure to the industrial metals following explosive gains earlier MCX Date Date % Chg
in the week. 17-08-17 18-08-
17
Fundamental News GOLD 29151 29163 +0.04%
The precious metal was also supported by a weaker U.S. dollar on SILVER 39098 39063 -0.09%
Friday, amid concerns U.S. President Donald Trump will not be COPPER 415.65 415.35 -0.07%
CRUDE 3021 3104 +2.75%
able to implement his agenda, as he faces mounting opposition
ALUMINIUM 131.85 131.05 -0.61%
even from within his own political party.
LEAD 153.20 150.40 -1.83%
Oil traders were also sensitive to overall risk-aversion on global NICKEL 683 704 +3.07%
markets after a van rammed into pedestrians in a crowded tourist ZINC 195.60 200.80 +2.66%
area of Barcelona on Thursday evening, killing at least 13 people NATURALGAS 188.20 186 -1.17%
and injuring 100 others.
COMEX Date Date % Chg
17-08-17 18-08-17
GOLD 1292.40 1290.27 -0.16%
Important Data SILVER 17.053% 16.957 -0.56%
CRUDE 47.09 48.70 +3.42%
Time Currenc Event Forecast Previous COPPER 2.938 2.940 +0.07%
y $ INDEX 93.64 93.36 -0.305
USDINR 64.2325 64.2100 -0.04%
Foreign Direct
21st-24th CNY -0.1%
Investment ytd/y
OUR PREVIOUS CALLS UPDATE
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8:30am NZD 8.3% Intraday super star
Spending y/y
Date Commodity Entry Exit P/L
All Industries Activity 18/0 ALUMINIUM - - -
10:00am JPY 0.5% -0.9%
m/m 8
German Buba Multibagger
3:30pm EUR Date Commodity Entry Exit P/L
Monthly Report
17/0 CRUDE 3000 3040 -4000
Wholesale Sales 8
6:00pm CAD 0.6% 0.9%
m/m Trifid special
Date Commodity Entry Exit P/L
CB Leading Index
8:00pm AUD
www.trifidresearch.com 0.1% 18/0 | SILVER 39350 39650 +9000
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 Gold and Silver

GOLD COMEX GOLD

Gold showed sideways to bullish movement and found

the important resistance level of 29443. Now if it will
PIVOT S1 S2 R1 R2
S close above the important resistance level of 29500 then
MCX 29000 28800 29500 29800 29800 will act as next resistance level. On the other
COME 1280 1275 1290 1295 hand 28800 will act as a major support level.

SILVER COMEX SILVER

Silver showed sideways to bullish movement and found

PIVOTS S1 S2 R1 R2 the important resistance level of 39667. Now if it will
close above the important resistance level of 39700
MCX 38500 38000 39400 40000
then 40000 will act as next resistance level. On the other
COMEX 16.90 16.75 17.15 17.25
hand 38500 will 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 3111. Now if it will close
above the important resistance level of 3120 then 3150
MCX 3050 3000 3150 3200
will act as next resistance level. On the other hand 3000
COMEX 47.00 45.00 50.00 52.00
will act as a major support level.

COPPER COMEX COPPER

Copper showed sideways to bearish movement and

found the important support level of 413.55. Now if it will
PIVOTS S1 S2 R1 R2
close below the important support level of 413 then 405
MCX 410 405 420 425 will act as next support level. On the other hand 425 will
COMEX 2.9000 2.8500 2.9700 3.0000 act as a major resistance level.

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 Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND

S

ALUMINIUM 130 128 133 135 7684 2605 Bearish

LEAD 148 145 152 155 20316 2568 Bearish

NICKEL 690 675 715 725 49053 13480 Bullish

ZINC 197 195 203 205 39557 8614 Bullish

NATURAL GAS 185 182 190 193 22059 4942 Bearish

LME INVENTORY
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Due to Summer
COMMODITIES Bank Holiday NO LME
11/08/2017 DATA TODAY
14/08/2017 16/08/2017 17/08/2017 18/08/2017

ALUMINIUM -10250 +7425 -2575 -2825 +3550

COPPER -4375 -350 -1975 -3200 -4450

LEAD -525 -125 -125 -400 -775

NICKEL +1314 -408 +1302 -366 -330

ZINC -1400 -3025 -2200 -2000 -675

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 Agri Commodity Updates

GUARSEED
Guarseed showed bullish movement and found the
important resistance level of 3975. 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 3975 then 4025 will act as
next resistance level.

PIVOTS S1 S2 R1 R2

3850 3800 3975 4025

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 resistance level of 3200. If prices sustain
below 3160 level in next trading session then this
bearish momentum can take prices to 3120 level. If
it breaks the resistance level of 3200 then 3250 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

3160 3120 3200 3250

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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: BUY ZINC ABOVE 201.40 TARGETS 202.40/203.40 SL 199.90

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 Trifid Special
(Premium Section)

CALL: SELL GOLD BELOW 29070 TARGETS 28970/28870 SL 29220.

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