Daily Market Reflection

25th April 2017

Market Outlook COMDEX

Gold prices were down sharply on Monday, as investors dumped
safe-haven assets after results showed centrist candidate
Emmanuel Macron won the first round of the French presidential
election. Oil prices recovered some lost ground on Monday after
big losses last week, driven by expectations that OPEC will
extend output cuts till the end of 2017, although a relentless rise
in U.S. drilling capped gains. The base metals started to find
some strength towards the end of last week but the buyers did not
appear to be in any particular hurry, but that may have been due Market Updates
to uncertainty ahead of the French election. MCX Date Date % Chg
21-04-17 24-04-
17
Fundamental News GOLD 29425 29131 -0.98%
U.S. President Donald Trump this week will sign new executive SILVER 41309 41129 -0.39%
orders before he completes his first 100 days in office, including COPPER 362.90 363.80 +0.22%
two on energy and the environment, which would make it easier CRUDE 3203 3190 -0.56%
ALUMINIUM 124.60 125.20 +0.48%
for the United States to develop energy on and offshore.
LEAD 139.20 139.45 +0.25%
U.S. drillers added oil rigs for a 14th week in a row, to 688 rigs, NICKEL 605.30 596.40 -1.39%
extending an 11-month recovery that is expected to boost U.S. ZINC 166.75 166.95 +0.18%
NATURALGAS 201.40 198.50 -1.34%
shale production in May by the biggest monthly increase in more
than two years. COMEX Date Date % Chg
21-04-17 24-04-17
GOLD 1289.10 1277.13 -0.93%
SILVER 17.937 17.937 -
Important Data
CRUDE 49.62 49.27 -0.73%
COPPER 2.551 2.565 +0.55%
Time Currency Event Foreca Previous
$ INDEX 99.66 99.08 -0.58%
st
USDINR 64.6425 64.4550 -0.29%
Public Sector Net
2:00pm GBP 2.6B 1.1B
Borrowing
OUR PREVIOUS CALLS UPDATE
6:30pm USD HPI m/m 0.1% 0.0% Intraday super star
Date Commodity Entry Exit P/L
S&P/CS Composite-
6:30pm USD 5.7% 19/0 NG
5.7% 201.40 198.40 3750
20 HPI y/y 4
CB Consumer Multibagger
7:30pm USD Confidence 123.7 125.6 Date Commodity Entry Exit P/L
21/0 NICKEL - - -
7:30pm USD New Home Sales 590K 592K 4
Trifid special
Richmond
7:30pm USD 18 22 Date Commodity Entry Exit P/L
Manufacturing Index
19/0 COPPER 359 365 -6000
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4
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 Gold and Silver

GOLD COMEX GOLD

Gold showed bearish movement and found the important

support level of 28960. Now if it will close below the
PIVOT S1 S2 R1 R2
S important support level of 28900 then 28500 will act as
MCX 28900 28500 29500 29700 next support level. On the other hand 29500 will act as a
COME 1265 1250 1285 1300 major resistance level.

SILVER COMEX SILVER

Silver showed bearish movement and found the

PIVOTS S1 S2 R1 R2 important support level of 40800. Now if it will close
below the important support level of 40500 then 39700
MCX 40500 39700 42000 42800
will act as next support level. On the other hand 42000
COMEX 17.70 17.50 18.30 18.60
will act as a major resistance level.

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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 3176. Now if it will close
below the important support level of 3150 then 3100 will
MCX 3150 3100 3250 3300
act as next support level. On the other hand 3250 will
COMEX 49.00 48.00 50.00 51.60
act as a major resistance level.

COPPER COMEX COPPER

Copper showed bullish movement and found the

important resistance level of 364.75. Now if it will close
PIVOTS S1 S2 R1 R2
above the important resistance level of 365 then 370
MCX 355 350 370 375 will act as next resistance level. On the other hand 355
COMEX 2.4800 2.4400 2.6000 2.6800 will act as a major support level.

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 Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND

S

ALUMINIUM 123 121 127 130 3909 1374 Bullish

LEAD 138 135 142 145 11211 2450 Bullish

NICKEL 590 575 620 635 30637 34421 Bearish

ZINC 165 163 170 172 16258 3837 Bullish

NATURAL GAS 195 192 205 211 40156 2923 Bearish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
COMMODITIES Bank Holiday NO LME
18/04/2017 DATA TODAY
19/04/2017 20/04/2017 21/04/2017 24/04/2017

ALUMINIUM -14100 -32500 -11125 -14250 -9625

COPPER -1775 +12050 +975 -50 -3550

LEAD +25 -650 -500 -500 -250

NICKEL -84 +5598 +786 +5208 -450

ZINC -2700 -1625 -1075 -1300 -1950

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 Agri Commodity Updates

GUARSEED
Guarseed showed bearish movement and found the
important support level of 3830. If prices sustains
below 3830 level in next trading session then this
momentum can take prices to 3770 level. If it breaks
the resistance level of 3900 then 3970 will act as
next resistance level.

PIVOTS S1 S2 R1 R2

3830 3770 3900 3970

JEERA
Jeera showed bearish movement today and found
the support level of 18700. If prices sustain below
18700 levels in next trading session then this
bearish momentum can take prices to 18500 levels.
If it breaks the resistance level of 19200 then 19400
will act as next resistance level.

PIVOTS S1 S2 R1 R2

18700 18500 19200 19400

SOYABEAN
Soyabean showed sideways movement and found
the important support level of 3020. If prices sustain
below 3020 level in next trading session then this
sideways momentum can take prices to 2980 level.
If it breaks the resistance level of 3080 then 3120
will act as next resistance level.

PIVOTS S1 S2 R1 R2

3020 2980 3080 3120

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 Intraday Super Star
(Premium Section)

CALL: SELL ZINC BELOW 165.80 TARGETS 164.80/163.80 SL 167.30.

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 Multibagger Call
(Premium Section)

CALL: SELL NICKEL BELOW 600 TARGETS 590/580 SL 621.

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 Trifid Special
(Premium Section)

CALL: BUY SILVER ABOVE 41250 TARGETS 41550/41850 SL 40850.

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