Daily Market Reflection

8th February 2017

Market Outlook COMDEX

Gold prices were little changed in European morning trade on
Tuesday, holding steady near the prior session's three-month
high as investors sought the perceived safety of the yellow
metal amid growing concerns over political risks in Europe and
around the globe. Oil steadied on Tuesday after falls the
previous session, with markets torn between mixed price
indicators that have kept crude range-bound for much of the
year. The international benchmark for oil prices, were trading at
$55.96 per barrel up 24 cents from the last close. The dollar
Tuesday held on to overnight gains as the euro remained under Market Updates
pressure. MCX Date Date % Chg
06-02-17 07-02-
17
Fundamental News GOLD 29186 29321 +0.44%
SILVER 42303 42482 +0.46%
The yellow metal amid growing concerns over political risks in
COPPER 393.25 391 -0.58%
Europe and around the globe. Gold for April delivery on the CRUDE 3580 3502 -2.15%
Comex division of the New York Mercantile Exchange tacked on ALUMINIUM 123 122.70 -0.28%
25 cents or less than 0.1%, to $1,232.45 a troy ounce by LEAD 157.50 157.80 +0.32%
5:30AM ET after rallying $11.30, or almost 1%, a day earlier. NICKEL 703.40 697 -0.87%
ZINC 187.40 188.60 +0.64%
Oil fell on Monday as ample U.S. supplies and excess NATURALGAS 206.20 211.80 +2.87%
speculative length outweighed OPEC output curbs and rising COMEX Date Date % Chg
tensions between the United States and Iran. 6-02-17 07-02-17
GOLD 1232.10 1236.45 +0.34%
SILVER 17.693 17.758 +0.40%
Important Data CRUDE 53.01 51.96 -1.98%
COPPER 2.652 2.630 -0.81%
Time Currency Event Forecas Previou $ INDEX 99.84 100.23 +0.39%
t s
USDINR 67.3525 67.5500 +0.29%
EU Economic
Tentative EUR
Forecasts OUR PREVIOUS CALLS UPDATE
MPC Member Intraday super star
6:30pm GBP
Cunliffe Speak Date Commodity Entry Exit P/L
3/2 SILVER - - -
6:45pm CAD Housing Starts 202K 207K
Multibagger
Mortgage Date Commodity Entry Exit P/L
8th-12th USD 4.52% 3/2 ALUMINIUM - - -
Delinquencies
Trifid special
Crude Oil Date Commodity Entry Exit P/L
9:00pm USD 6.5M
Inventories 3/2 COPPER 394 388 6000
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11:31pm USD 10-y Bond Auction 2.34|2.6
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 Gold and Silver

GOLD COMEX GOLD

Gold showed bullish movement and found the important

support level of 29350. Now if it will maintain above the
PIVOT S1 S2 R1 R2
S important resistance level of 29400 then 29600 will act
MCX 29100 28800 29500 29800 as next resistance level. On the other hand 29000 will
COME 1225 1215 1235 1240 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 42600. Now if it will maintain above
42600 then 43000 will act as next resistance level. On
MCX 42300 41700 42700 43200
the other hand 42000 will act as a major support level.
COMEX 17.50 17.35 17.85 18.00

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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 3500. Now if it will close
above the important resistance level of 3550 then 3600
MCX 3490 3440 3550 3600
will act as next resistance level. On the other hand 3490
COMEX 51.70 51.00 52.40 53.00
will act as a major support level.

.
COPPER COMEX COPPER

Copper showed bearish movement and found the

important support level of 390. Now if it will close below
PIVOTS S1 S2 R1 R2
the important support level of 390 then 380 will act as
MCX 387 383 393 397 next support level. On the other hand 395 will act as a
COMEX 2.6000 2.4000 2.6300 2.6500 major resistance level.

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 Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND

S

ALUMINIUM 120 118 125 127 2473 1980 Bearish

LEAD 156 154 160 162 9087 2195 Bullish

NICKEL 680 660 710 725 24857 18059 Bearish

ZINC 186 184 190 193 16938 6821 Bullish

NATURAL GAS 208 205 213 213 54873 7169 Bullish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
COMMODITIES Bank Holiday NO LME
01/02/2017 DATA TODAY
02/02/2017 03/02/2017 6/02/2017 7/02/2017

ALUMINIUM +1025 -6873 -7024 -6875 +5525

COPPER -75 -1352 -2351 -3425 -275

LEAD -400 +324 -152 +100 +100

NICKEL +330 -521 -149 +102 +1116

ZINC +1625 -1626 -1826 -3150 -2800

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 Agri Commodity Updates

GUARSEED
Guarseed found the important support level of 3275
and showed sideways to bearish movement. If prices
sustains below 3270 level in next trading session
then this bearish momentum can take prices to 3250
level. If it breaks the resistance level of 3330 then
3375 will act as next resistance level.

PIVOTS S1 S2 R1 R2

3270 3230 3330 3380

JEERA
Jeera showed bearish movement today and found
the support level of 17150. If prices sustain below
17100 levels in next trading session then this
bearish momentum can take prices to 16800 levels.
If it breaks the resistance level of 17600 then 17900
will act as next resistance level.

PIVOTS S1 S2 R1 R2

17100 16800 17600 17900

SOYABEAN
Soyabean showed bearish movement and found the
important support level of 3075. If prices sustain
below 3070 level in next trading session then this
bearish momentum can take prices to 3050 level. If
it breaks the resistance level of 3100 then 3130 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

3070 3030 3100 3130

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 Intraday Super Star
(Premium Section)

CALL: SELL SOYAREF BELOW 687 TARGETS 680/673 SL 701.

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 Multibagger Call
(Premium Section)

CALL: SELL COPPER BELOW 389 TARGETS 384/379 SL 397.

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 Trifid Special
(Premium Section)

CALL: SELL CRUDE BELOW 3500 TARGET 3450/3400 SL 3580.

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