Daily Market Reflection

12th September 2016

Market Outlook

COMDEX

Bullion prices fell on Friday with focus on prospects for a U.S.

rate hike as Fed policymakers continue to stress the need to act
even as data show mixed progress. Investors are now weighing
whether the Bank of Japan will announce fresh easing
measures when it meets this month. Bullion may further decline
today. Base metals were mostly down due to weak global
demand. Crude prices fell after U.S. oil drillers added rigs to
look for new production as producers adapt to cheaper crude,
with speculators cutting positions betting on further price rises.
Crude may further decline in todays session.
Fundamental News
Gold futures headed for a third straight decline Friday, but were
set to salvage a slim weekly gain as traders looked to a cadre of
Federal Reserve speakers for clues on the near-term fate of
interest rates.
Oil futures headed lower on Friday, giving back part of the rally
they saw a day earlier on the back of a surprise drop in U.S.
crude inventories. But prices were still set for a weekly gain of
more than 4% as some traders held on to hope that major
producers will make a move this month to curb output.

Important Data
Time

Currenc
y

1:00pm

USD

6:30pm

AUD

Event

Foreca
st

Previou
s

FOMC Member
Brainard Speaks

9:30pm

AUD

10:00pm

CNY

Industrial
Production y/y

6.2%

6.0%

10:00pm

CNY

Fixed Asset
Investment ytd/y

7.9%

8.1%

JPY

GOLD
SILVER
COPPER

31203
46714
314

Date
09-0916
31217
46194
313.65

% Chg

CRUDE
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS
COMEX

3080
104.85
126.60
692.30
153.05
188.30
Date
09-09-16
1334.65
19.362
46.05
2.091
95.42

-2.65%
-0.57%
-0.90%
+0.99%
-0.55%
+1.18%
% Chg

GOLD
SILVER
CRUDE
COPPER
$ INDEX

3164
105.45
127.75
685.50
153.90
186.10
Date
8-09-16
1341.60
19.678
47.62
2.100
95.04

USDINR

66.5925

66.8450

+0.38%

+0.04%
-1.11%
-0.11%

-0.52%
-1.61%
-3.38%
-0.43%
+0.42%

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity Entry
Exit
P/L

RBA Assist Gov

Kent Speaks
BSI Manufacturing
Index
NAB Business
Confidence

7:50pm

Market Updates
MCX
Date
08-09-16

-6.5

-11.1
4

09/0 ZINC
153.30 152.50
9
Multibagger
Date Commodity Entry
Exit
09/0 COPPER
9
Trifid special
Date Commodity Entry
Exit
09/0 SILVER
46600 46400
9
For our next calls click here..

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4000

P/L
-

P/L
6000

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

31100
1330

30900
1320

31200
1340

31450
1350

SILVER

Gold showed sideways movement and near to its

support level of 31150. Now if it will close above the
important resistance level of 31350 then 31500 will act
as next resistance level. On lower side 31000 will act as
vital support level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

46250
19.20

45850
19.00

46650
19.50

47000
19.70

Silver showed bearish movement in todays session.

Now if it will maintain above its resistance level of 46650
then 47000 will act as next resistance level. On the other
hand 46000 will act as important support level.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

3050

3000

3175

3225

COMEX

46.00

45.50

46.50

47.00

Crude oil showed bearish movement. Now if it will

maintain above 3175 then 3225 will be next resistance
level. On the other hand 3075 will act as important
support level.
COMEX COPPER

COPPER

PIVOTS

S1

S2

R1

R2

MCX

312

310

315

317

COMEX

2.0700

2.0600

2.0915

2.1000

Copper showed bullish movement and found the important

resistance of 314. Now if it will break the support level of
311 then 308 will act as next support level. On the other
hand 314.50 will act as a major resistance level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

104.50

103

106

107.20

4065

6055

Bearish

LEAD

125.50

123.60

128.50

130

12803

2861

Bearish

NICKEL

680

670

700

715

31585

16403

Bullish

ZINC

152.20

150.70

155.20

156.80

20477

10324

Bearish

NATURAL GAS

186

183

190.50

193

47929

5640

Bullish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
Bank Holiday NO6/09/2016
LME DATA TODAY
COMMODITIES
2/09/2016

7/09/2016

8/09/2016

9/09/2016

ALUMINIUM

-6975

-3900

-2175

-6700

-7052

COPPER

+13725

+6450

+4625

-1375

+12378

LEAD

-225

-500

+200

+1148

NICKEL

-666

+138

-144

+105

+80

ZINC

-575

-575

-175

-1001

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Agri Commodity Updates

DHANIYA
Dhaniya showed sideways to bearish movement and
found its important support level of 7750. Now on
higher side 8000 will act as important resistance
level above which it will pull towards the resistance
level of 8250. On lower side some correction will
take it towards the support level of 7500.
PIVOTS

S1

S2

R1

R2

7750

7600

8000

8250

RMSEED
Rmseed showed bearish movement and found its
support level of 4675. Now on higher side 4800 will
act as important resistance level above which it will
pull towards the resistance level of 4850. On lower
side bearish movement drags it towards the support
level of 4675.

PIVOTS

S1

S2

R1

R2

4675

4635

4765

4800

JEERA
Jeera showed bearish movement and found support
of 17500. Now on lower side 17500 will act as
important support level below which it will drag
down towards the support level of 17200. On higher
side some correction pulls it towards the resistance
level of 18000.

PIVOTS

S1

S2

R1

R2

17500

17200

17800

18000

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Intraday Super Star

(Premium Section)

CALL: SELL LEAD BELOW 126.45 TARGETS 125.65/124.65 SL 127.50.

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Multibagger Call
(Premium Section)

CALL: SELL RMSEED BELOW 4670 TARGETS 4630/4570 SL 4720.

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Trifid Special
(Premium Section)

CALL: SELL ALUMINIUM BELOW 104.50 TARGETS 103.50/102.50 SL 106.

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