Daily Market Reflection

31st March 2017

Market Outlook COMDEX

Gold prices lower for a third straight session on Thursday, adding
to their decline from a one-month high reached at the start of the
week as the dollar strengthened amid expectations for more U.S.
interest rate hikes this year. Oil prices up on Thursday, extending
two days of increases as supply disruptions in Libya lifted the
market, although bloated U.S. crude inventories curbed gains.
Aluminium prices stand out as the leader as they broke higher on
Wednesday. Zinc, copper and lead prices are nibbling away at
overhead resistance and we wait to see how much selling lurks Market Updates
above. Nickel prices have not managed to get much lift; they are MCX Date Date % Chg
seeing what underlying support. 29-03-17 30-03-
17
Fundamental News GOLD 28681 28520 -0.64%
Gold prices have rebounded well but appear to have run into SILVER 42245 42189 -0.22%
selling ahead of the February highs, but for now the sellers do COPPER 384.15 384.20 +0.03%
CRUDE 3221 3273 +1.93%
not seem to be prepared to chase prices lower.
ALUMINIUM 126.10 126.75 +0.40%
OPEC compliance with its targets is expected to be 95 percent LEAD 151.40 150.45 -0.63%
this month, up from 94 percent in February, according to NICKEL 645.50 646.20 +0.02%
ZINC 184.25 183.50 -0.54%
Reuters surveys. Compliance is lower by non-OPEC members
NATURALGAS 210.90 206.80 -1.85%
like Russia, who have officially agreed to participate in the cuts.
COMEX Date Date % Chg
28-03-17 29-03-17
GOLD 1253.70 1244.55 -0.72%
Important Data SILVER 18.252 18.197 -0.30%
CRUDE 49.51 50.29 +1.58%
Time Currency Event Forecast Previous COPPER 2.678 2.674 -0.13%
$ INDEX 99.78 100.23 +0.45%
USDINR 65.1350 65.0975 -0.06%
2:00pm GBP Current Account -16.3B -25.5B

OUR PREVIOUS CALLS UPDATE

6:00pm CAD GDP m/m 0.3% 0.3%
Intraday super star
Core PCE Price Date Commodity Entry Exit P/L
6:00pm USD 0.2% 0.3%
Index m/m 29/3 SOYABEAN - - -
Personal Spending Multibagger
6:00pm USD m/m 0.2% 0.2% Date Commodity Entry Exit P/L
29/3 SILVER - - -
7:15pm USD Chicago PMI 57.2 57.4 Trifid special
Revised UoM Date Commodity Entry Exit P/L
7:30pm USD Consumer 97.8 97.6 30/3 ALUMINIUM 126.30 127.30 5000
Sentiment For our next calls click here..
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 Gold and Silver

GOLD COMEX GOLD

Gold showed bearish movement and found the important

support level of 28550. Now if it will sustain below the
PIVOT S1 S2 R1 R2
S important support level of 28500 then 28300 will act as
MCX 28500 28300 28800 29000 next support level. On the other hand 28800 will act as a
COME 1250 1235 1256 1270 major resistance level.

SILVER COMEX SILVER

Silver showed bullish movement and found the important

PIVOTS S1 S2 R1 R2 resistance level of 42270. Now if it will sustain below
42000 then 41500 will act as next support level. On the
MCX 42100 41700 42500 43000
other hand 42500 will act as a major resistance level.
COMEX 18.00 17.80 18.25 18.45

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 Crude and Copper

CRUDE COMEX CRUDE

Crude showed bullish movement and found the

PIVOTS S1 S2 R1 R2 important resistance level of 3275. Now if it will close
below the important support level of 3170 then 3120 will
MCX 3220 3150 3300 3350
act as next support level. On the other hand 3300 will
COMEX 48.70 48.00 49.50 50.50
act as a major resistance level.

COPPER COMEX COPPER

Copper showed bullish movement and found the

important resistance level of 385. Now if it will close
PIVOTS S1 S2 R1 R2
below the important support level of 381 then 375 will
MCX 381 375 386 390 act as next support level. On the other hand 386 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 126 124 128 129 4922 866 Bullish

LEAD 148 146 152 155 12871 1152 Bearish

NICKEL 630 610 660 675 23508 15882 Bullish

ZINC 181 179 185 187 18436 2961 Bearish

NATURAL GAS 201 195 212 218 48810 7436 Bearish

LME INVENTORY
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Due to Summer
COMMODITIES Bank Holiday NO LME
24/03/2017 DATA TODAY
27/03/2017 28/03/2017 29/03/2017 30/03/2017

ALUMINIUM -8850 -9925 -12975 -11225 -13625

COPPER -4575 -1150 -2150 -4950 -6725

LEAD +175 +175 +175 -50 -1050

NICKEL +90 -108 -978 -1314 -1464

ZINC -1350 -1100 -575 -350 -975

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 Agri Commodity Updates

GUARSEED
Guarseed showed sideways movement and found
the important support level of 3750. If prices sustains
below 3750 level in next trading session then this
bearish momentum can take prices to 3700 level. If it
breaks the resistance level of 3850 then 3900 will act
as next resistance level.

PIVOTS S1 S2 R1 R2

3750 3700 3850 3900

JEERA
Jeera showed bearish movement today and found
the support level of 17950. If prices sustain below
17750 levels in next trading session then this
bearish momentum can take prices to 17500 levels.
If it breaks the resistance level of 18300 then 18600
will act as next resistance level.

PIVOTS S1 S2 R1 R2

18750 17500 18300 18600

SOYABEAN
Soyabean showed sideways movement and found
the important support level of 2835. If prices sustain
below 2830 level in next trading session then this
bearish momentum can take prices to 2800 level. If
it breaks the support level of 2900 then 2930 will act
as next support level.

PIVOTS S1 S2 R1 R2

2830 2800 2900 2930

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 Intraday Super Star
(Premium Section)

CALL: SELL SOYABEAN BELOW 2860 TARGETS 2830/2800 SL 2910.

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 Multibagger Call
(Premium Section)

CALL: SELL COPPER BELOW 381 TARGETS 378/375 SL 387.

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 Trifid Special
(Premium Section)

CALL: SELL LEAD BELOW 149.30 TARGET 147/144 SL 153.30.

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