Daily Market Reflection

23th January 2017

Market Outlook

COMDEX

Oil price rise around three percent on Friday trade expectations

that a weekend meeting of the world's top oil producers OPEC
and Non OPEC representative would demonstrate compliance
to a global output cut deal. The dollar price down on Friday as
the lack of concrete policy reforms in the inauguration speech of
newly sworn-in U.S. President Donald Trump. Gold prices
edged higher on Friday, re-approaching a recent two-month
peak as caution surrounding .Metals came under further
pressure from comments by Feds Chair Yellen suggesting that
U.S interest rates could be raised quickly this year.

Fundamental News
Crude gain in Asia held steady on Friday after China GDP
figures beat expectations and with the inauguration of Donald
Trump at the 45th president of the U.S.
China's gross domestic product (GDP) grew 6.8% year-on-year
in the fourth quarter, slightly beating expectations by analysts of
6.7% growth for the calendar year.

Important Data
Time
Currency

4:30am

EUR

Event

Forecas
t

Previou
s

ECB President
Draghi Speaks

10:00am

JPY

All Industries
Activity m/m

4:30pm

EUR

German Buba
Monthly Report

7:00pm

CAD

Wholesale Sales
m/m

7:30pm

CNY

8:30pm

EUR

CB Leading Index
m/m
Consumer
Confidence

0.4%

0.2%

Market Updates
MCX
Date
19-01-17
GOLD
SILVER
COPPER
CRUDE
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS

28571
41372
393.20
3492
124.20
155.65
673.70
187.05
229.50

Date
20-0117
28624
41551
395.30
3641
126
157.75
659
187.70
220.40

COMEX

Date
20-01-17
1209.50
17.095
53.19
2.616
100.77

% Chg

GOLD
SILVER
CRUDE
COPPER
$ INDEX

Date
19-01-17
1201.50
17.002
52.12
2.611
101.10

USDINR

68.101

68.103

+0.00%

1.1%
1.0%

-5

-5

+0.34%
+0.64%
+0.62%
+2.33%
+1.37%
+1.25%
-2.11%
+0.32%
-4.38%

+0.67%
+0.55%
+0.05%
+0.21%
-0.33%

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity
Entry
Exit
P/L
20/1

0.3%

% Chg

CRUDE

Multibagger
Date Commodity Entry
Exit
20/1 COPPER
391
397
Trifid special
Date Commodity Entry
Exit
20/1 GOLD
For our next calls click here..

www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410

P/L
-6000
P/L
-

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

28400
1190

28200
1180

28700
1210

28900
1220

SILVER

Gold showed sideway to bearish movement and found

the important support level of 28530. Now if it will sustain
below the important support level of 28400 then 28200
will act as next support level. On the other hand 28650
will act as a major resistance level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

40800
16.65

40200
16.50

41750
17.00

42200
17.15

Silver showed bearish movement and found the

important support level of 41100. Now if it will sustain
below 40800 then 40300 will act as next support level.
On the other hand 41750 will act as a major resistance
level.

www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410

Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

3600

3550

3675

3725

COMEX

51.50

51.00

52.50

53.00

Crude showed bullish movement and found the

important resistance level of 3665. Now if it will close
above the important resistance level of 3675 then 3725
will act as next resistance level. On the other hand 3600
will act as a major support level.
.
COMEX COPPER

COPPER

PIVOTS

S1

S2

R1

R2

MCX

390

385

400

405

COMEX

2.5700

2.5500

2.6200

2.6400

Copper showed sideways movement and found the

important support level of 389. Now if it will close below
the important support level of 389 then 385 will act as
next support level. On the other hand 400 will act as a
major resistance level.

www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410

Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

123

121

126

128

6714

2802

Bullish

LEAD

154

152

158

160

15059

2397

Bullish

NICKEL

650

630

670

690

39293

24281

Bearish

ZINC

185

183

190

192

21118

5567

Bullish

NATURAL GAS

216

212

222

226

47229

3403

Bearish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
Bank Holiday NO LME
DATA TODAY
COMMODITIES
13/01/2017
16/01/2017

17/01/2017

19/01/2017

20/01/2017

ALUMINIUM

-4701

+6775

+45825

-175

-1750

COPPER

-4001

-2700

-1625

-1950

+400

LEAD

-24

+275

+575

-425

+2400

NICKEL

-953

-1133

+2382

-228

+978

ZINC

-902

-1252

-2225

-2775

-2500

www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410

Agri Commodity Updates

GUARSEED
Guarseed found the important resistance level of
3400 and showed sideways to bullish movement. If
prices sustain below 3350 level in next trading
session then this bearish momentum can take prices
to 3300 level. If it breaks the resistance level of 3410
then 3450 will act as next resistance level.
PIVOTS

S1

S2

R1

R2

3360

3320

3410

3450

JEERA
Jeera showed bullish movement today and found
the resistance level of 17600. If prices sustain below
17300 levels in next trading session then this
bearish momentum can take prices to 17100 levels.
If it breaks the resistance level of 17650 then 17850
will act as next resistance level.

PIVOTS

S1

S2

R1

R2

17300

17100

17700

17900

SOYABEAN
Soyabean found the important support level of 3150
and showed bearish movement. If prices sustain
below 3150 level in next trading session then this
bearish momentum can take prices to 3100 level. If
it breaks the resistance level of 3200 then 3250 will
act as next resistance level.

PIVOTS

S1

S2

R1

R2

3150

3100

3200

3240

www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410

Intraday Super Star

(Premium Section)

CALL: SELL NICKEL BELOW 655 TARGETS 645/635 SL 671.

www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410

Multibagger Call
(Premium Section)

CALL: BUY ALUMINIUM ABOVE 126.20 TARGETS 127.50/129 SL 124.50.

www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410

Trifid Special
(Premium Section)

CALL: SELL NATURAL GAS BELOW 219.50 TARGETS 214.50/210 SL 228.50.

www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410

Trifid Research respects and values the Right to Policy of each and every individual. We are
esteemed by the relationship and by becoming our clients; you have a promise from our side
that we shall remain loyal to all our clients and non-clients whose information resides with us.
This Privacy Policy of Trifid Research applies to the current clients as well as former clients.
Below are the word by word credentials of our Privacy Policy:
1. Your information, whether public or private, will not be sold, rented, exchanged,
transferred or given to any company or individual for any reason without your consent.
2. The only use we will be bringing to your information will be for providing the services to
you for which you have subscribed to us.
3. Your information given to us represents your identity with us. If any changes are brought
in any of the fields of which you have provided us the information, you shall bring it to
our notice by either calling us or dropping a mail to us.
4. In addition to the service provided to you, your information (mobile number, E-mail ID
etc.) can be brought in use for sending you newsletters, surveys, contest information, or
information about any new services of the company which will be for your benefit and
while subscribing for our services, you agree that Trifid Research has the right to do so.
5. By subscribing to our services, you consent to our Privacy Policy and Terms of Use.
6. Trifid research does not guarantee or is responsible in any which way, for the trade
execution of our recommendations, this is the sole responsibility of the client.
7. Due to the markets volatile nature, the trader may/ may not get appropriate opportunity
to execute the trades at the mentioned prices and Trifid Research holds no liability for
any profit/ loss incurred whatsoever in this case.
8. It is the responsibility of the client to view the report timely from our Premium member
section on our website: www.trifidresearch.com and the same will also be mailed to this
registered email id.
9. Trifid research does not hold any liability or responsibility of delay in mail delivery of
reports, as this depends on our mail service providers network infrastructure.
10. The clients can call us for any query related to buying/selling the securities, based on
our recommendations.

www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410