Daily Market Reflection

17th August 2016

Market Outlook

COMDEX

Gold and Silver rose as the dollar weakened on lower

expectations of a U.S. Federal Reserve interest rate hike this
year. In coming session buying would be profitable with the
negative economic result. Oil prices remained near five-week
highs, fuelled by talk of producers taking action to prop up the
market. Base Metals are trading mixed.
Fundamental News
Gold prices extended overnight gains in North American trade
on Tuesday, as disappointing U.S. inflation data tempered
Fundamental
expectations Factors
of a near-term interest rate hike by the Federal
Reserve, weighing on the dollar.
Crude oil prices had their best rally over the last three sessions,
surging by more than 10% following comments from the oil
ministers of the two largest crude oil exporting countries, Saudi
Arabia and Russia. Regarding the upcoming informal meeting
amongst the largest oil producers, both ministers showed their
intention of stabilizing crude oil prices.

Important Data
Time

2:00pm

Currenc
y
GBP

Event
Average Earnings
Index 3m/y

USD

Claimant Count
Change
Unemployment
Rate
Crude Oil
Inventories

10:30pm

USD

FOMC Member
Bullard Speaks

11:30pm

USD

FOMC Meeting
Minutes

2:00pm
2:00pm
8:00pm

GBP
GBP

Foreca
st

Previou
s

2.5%

2.3%

5.2K

0.4K

4.9%

4.9%
1.1M

Market Updates
MCX
Date
12-08-16
GOLD
SILVER
COPPER

31219
46125
317.10

Date
16-0816
31467
46336
321.20

% Chg

CRUDE
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS
COMEX

3104
122.85
125.25
685.10
150.95
174.70
Date
16-08-16
1354.75
19.837
46.37
2.170
66.8725

+133
+2.70
+2.45
-3.60
+1.30
+1.00

GOLD
SILVER
CRUDE
COPPER
USDINR

2971
110.15
122.70
688.70
149.65
173.70
Date
12-08-16
1347.50
19.847
45.74
2.152
67.0025

$ INDEX

95.58

94.72

-0.89%

+0.79
+0.46
+4.10

+0.53%
-0.05%
+1.38%
+0.86%
-0.19%

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity Entry
Exit
P/L
16/0 8
Multibagger
Date Commodity Entry
Exit
12/0 CRUDE
2940
3000
8
Trifid special
Date Commodity Entry
Exit
16/0 8
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Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

31240
1340

31000
1333

31580
1351

31820
1360

SILVER

Gold showed sideways to sideways movement. Now if it

will close below the important support level of 31250
then 31000 will act as next support level. On higher side
31600 will act as vital resistance level.

COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

45875
19.60

45450
19.40

46665
20.10

47220
20.35

Silver showed sideways movement in todays session.

Now if it will break the support level of 46000 then 45500
will act as next support level. On the other hand 47500
will act as important resistance level.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

3075

3025

3125

3175

COMEX

46.00

45.40

46.80

47.50

Crude oil showed bullish movement. Now if it will

maintain above 3130 then 3200 will be next resistance
level. On the other hand 3000 will act as important
support level.
COMEX COPPER

COPPER

PIVOTS

S1

S2

R1

R2

MCX

318

315

322

325

COMEX

2.1525

2.1360

2.1770

2.2000

Copper showed bullish movement and bounce back towards

the resistance level of 322. Now if it will break the support
level of 319 then 316 will act as next support level. On the
other hand 325 will act as a major resistance level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

112

110.90

113.60

115

7839

4220

Bullish

LEAD

124.50

123.40

125.90

127

13116

3063

Bullish

NICKEL

680

671

695

705

39900

16947

Bearish

ZINC

149.50

148

152.30

154.20

20615

11032

Sideways

NATURAL GAS

173

171

175

179

38144

8259

Bullish

LME INVENTORY
dasdasdinkjjlfcnl
COMMODITIES
09/08/2016

10/08/2016

11/08/2016

12/08/2016

16/08/2016

ALUMINIUM

-2925

-7900

-8075

-8000

-2250

COPPER

-325

-525

-900

-1550

-1175

LEAD

-75

-75

-425

-150

-50

NICKEL

-1926

-762

-900

-270

+4944

ZINC

-150

+29800

-625

-175

-275

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Agri Commodity Updates

DHANIYA
Dhaniya showed sideways to bearish movement and
found its important support level of 7600. Now on
higher side 8000 will act as important resistance
level above which it will pull towards the resistance
level of 8200. On lower side some correction will
take it towards the support level of 7590.
PIVOTS

S1

S2

R1

R2

7600

7400

8000

8200

RMSEED
Rmseed showed bearish movement and near to its
support level of 4800. Now on higher side 4975 will
act as important resistance level above which it will
pull towards the resistance level of 4925. On lower
side some correction drags it towards the support
level of 4750.

PIVOTS

S1

S2

R1

R2

4800

4750

4870

4920

JEERA
Jeera showed bearish movement. Now on lower
side 18000 will act as important support level below
which it will drag down towards the support level of
17700. On higher side some correction pulls it
towards the resistance level of 18500

PIVOTS

S1

S2

R1

R2

18000

17700

18500

18900

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(Premium Section)

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(Premium Section)

CALL: SELL MENTHAOIL BELOW 893 TARGETS 880/865 SL 910.

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Trifid Special
(Premium Section)

CALL: BUY GOLD ABOVE 31580 TARGETS 31680/31780 SL 31480.

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