Daily Market Reflection

20th March 2017

Market Outlook COMDEX

A weak U.S. dollar usually supports gold, as it boosts the metal's
appeal as an alternative asset and makes dollar-priced
commodities cheaper for holders of other currencies. Market
participants were looking ahead to reports on U.S. industrial
production and consumer sentiment due later in the day. Oil
prices, which lost ground earlier on Friday, have found some
support from dollar weakness .DXY after the U.S. Federal
Reserve indicated it would not accelerate plans for rate rises. The
fall in the greenback boosted dollar-denominated crude. Market Updates
MCX Date Date % Chg
Fundamental News 16-03-17 17-03-
17
Gold premiums rose in China this week as traders said supply of
GOLD 28405 28509 +0.34%
the precious metal was limited due to tightening import SILVER 40637 40909 +0.77%
restrictions to stem currency outflows. Premiums climbed to COPPER 388 390.75 +0.77%
over $20 an ounce against the international benchmark from CRUDE 3191 3196 +0.13%
$15-$17 last week. ALUMINIUM 124 124.90 +0.85%
LEAD 146.80 150.00 +2.35%
Official data showed crude inventories in the United States, the NICKEL 669 671.90 +0.78%
world's top oil consumer, fell last week as imports plunged, ZINC 184.45 188.40 +2.20%
dropping after nine consecutive increases. Crude stockpiles fell NATURALGAS 191.80 193.30 +0.68%
by 237,000 barrels in the week to March 10, beating analyst COMEX Date Date % Chg
expectations for an increase of 3.7 million barrels. 16-03-17 17-03-17
GOLD 1227.10 1229.00 +0.15%
Important Data SILVER 17.330 17.415 +0.49%
Time Currency Event Forecast Previou CRUDE 48.75 48.67 -0.16%
s COPPER 2.678 2.691 +0.50%
$ INDEX 100.09 100.14 +0.05%
12:30pm EUR German PPI m/m 0.7% USDINR 65.5350 65.5600 +0.04%

Tentativ German Buba

EUR
e Monthly Report OUR PREVIOUS CALLS UPDATE
Intraday super star
Wholesale Sales
6:00pm CAD 0.7% Date Commodity Entry Exit P/L
m/m
17/3 TURMERIC 6500 6400 5000
CB Leading Index
8:00pm AUD -0.1% Multibagger
m/m
Date Commodity Entry Exit P/L
10:15pm German Buba
17/3 ZINC - - -
President Trifid special
EUR
Weidmann Date Commodity Entry Exit P/L
Speaks
17/3 SILVER - - -
10:40pm FOMC Member
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 Gold and Silver

GOLD COMEX GOLD

Gold showed bullish movement and found the important

resistance level of 28550. Now if it will sustain below the
PIVOT S1 S2 R1 R2
S important support level of 28300 then 28100 will act as
MCX 28300 28100 28600 28800 next support level. On the other hand 28600 will act as a
COME 1224 1210 1232 1240 major resistance level.

SILVER COMEX SILVER

Silver showed bullish movement and found the important

PIVOTS S1 S2 R1 R2 resistance level of 41000. Now if it will sustain below
40500 then 40000 will act as next support level. On the
MCX 40600 40000 41300 41800
other hand 41250 will act as a major resistance level.
COMEX 17.20 17.00 17.50 17.60

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 Crude and Copper

CRUDE COMEX CRUDE

Crude showed sideways to bearish movement and

PIVOTS S1 S2 R1 R2 found the important support level of 3180. Now if it will
close below the important support level of 3150 then
MCX 3150 3050 3240 3300
3050 will act as next support level. On the other hand
COMEX 48.50 48.00 49.20 50.00
3240 will act as a major resistance level.

.
COPPER COMEX COPPER

Copper showed bullish movement and found the

important resistance level of 391. Now if it will close
PIVOTS S1 S2 R1 R2
below the important support level of 385 then 380 will
MCX 385 380 391 396 act as next support level. On the other hand 391 will act
COMEX 2.6500 2.6300 2.6800 2.7000 as a major resistance level.

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 Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND

S

ALUMINIUM 123.50 122 125 126.50 5616 1817 Bearish

LEAD 145 143 149 152 13814 1809 Bearish

NICKEL 660 640 680 700 20577 23402 Bearish

ZINC 182 180 185 187 24166 6397 Bearish

NATURAL GAS 190 189 196 200 49507 4978 Bearish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
COMMODITIES Bank Holiday NO LME
10/03/2017 DATA TODAY
14/03/2017 15/03/2017 16/03/2017 17/03/2017

ALUMINIUM -16275 -21425 -13675 -11475 -11850

COPPER -1800 +850 +8475 -1500 -1426

LEAD +675 +600 -450 -125 -125

NICKEL -852 +612 +1878 -1476 -666

ZINC -2475 -1600 -2375 -1551 -1251

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 Agri Commodity Updates

GUARSEED
Guarseed found the important resistance level of
3950 and showed bullish movement. If prices
sustains below 3850 level in next trading session
then this bearish momentum can take prices to 3750
level. If it breaks the resistance level of 3950 then
4050 will act as next resistance level.

PIVOTS S1 S2 R1 R2

3900 3850 3950 4000

JEERA
Jeera showed sideways movement today and found
the resistance level of 17000. If prices sustain below
16700 levels in next trading session then this
bearish momentum can take prices to 16500 levels.
If it breaks the resistance level of 17000 then 17200
will act as next resistance level.

PIVOTS S1 S2 R1 R2

16600 16400 17000 17200

SOYABEAN
Soyabean showed sideways movement and found
the important resistance level of 2910. If prices
sustain below 2870 level in next trading session
then this bearish momentum can take prices to
2840 level. If it breaks the resistance level of 2910
then 2940 will act as next resistance level.

PIVOTS S1 S2 R1 R2

2870 2830 2900 2940

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 Intraday Super Star
(Premium Section)

CALL: SELL CRUDE BELOW 3180 TARGETS 3150/3120 SL 3230.

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 Multibagger Call
(Premium Section)

CALL: BUY ALUMINIUM ABOVE 125 TARGETS 126/127 SL 123.50.

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 Trifid Special
(Premium Section)

CALL: BUY ZINC ABOVE 188.65 TARGETS 190/191.50 SL 186.65.

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