Daily Market Reflection

26th April 2017

Market Outlook COMDEX

Gold prices were lower on Tuesday, edging down for the second
straight session as investor sentiment remained skewed toward
riskier assets in the wake of the French election results on
Sunday. The yellow metal lost $11.60 on Monday after hitting its
lowest since April 11 at $1,266.00, as investors dumped safe-
haven assets after French election results eased fears over the
future of the euro zone. Oil prices were higher on Tuesday, rising
for the first time in seven sessions as investors returned to the
market to seek cheap valuations after futures fell to the lowest Market Updates
level in four weeks amid signs of further gains in U.S. crude MCX Date Date % Chg
output. 24-04-17 25-04-
17
Fundamental News GOLD 29131 28814 -1.09%
Gold suffered its biggest decline in over a month, falling more SILVER 41129 40416 -1.73%
than 1%, after polls indicated Mr. Macron would emerge COPPER 363.80 366.30 +0.69%
victorious against anti-EU candidate Marine Le Pen in the run- CRUDE 3190 3183 -0.22%
off vote, scheduled for May 7. ALUMINIUM 125.20 125.60 +0.32%
LEAD 139.45 139.70 +0.18%
U.S. drillers last week added rigs for the 14th week in a row, NICKEL 596.40 596.70 +0.05%
data from energy Services Company Baker Hughes showed on ZINC 166.95 166.80 -0.09%
NATURALGAS 198.50 195 -1.76%
Friday, extending a 10-month drilling recovery. That brought the
total count to 688, the most since September 2015. COMEX Date Date % Chg
24-04-17 25-04-17
GOLD 1277.50 1266.69 -0.85%
SILVER 17.932 17.656 -1.56%
Important Data
CRUDE 49.23 49.34 +0.22%
COPPER 2.565 2.593 +1.09%
Time Currency Event Foreca Previous
$ INDEX 98.91 98.63 -0.28%
st
USDINR 64.4625 64.3025 -0.25%
7:00am AUD CPI q/q 0.6% 0.5%
OUR PREVIOUS CALLS UPDATE
Trimmed Mean CPI
7:00am AUD 0.5% 0.4% Intraday super star
q/q
Date Commodity Entry Exit P/L
Credit Suisse
24/0 ZINC - - -
1:30pm CHF Economic 29.6
4
Expectations Multibagger
6:00pm CAD Core Retail Sales m/m 1.7% Date Commodity Entry Exit P/L
24/0 NICKEL 600 591.50 2125
4
6:00pm CAD Retail Sales m/m 2.2% Trifid special
Date Commodity Entry Exit P/L
8:00pm USD Crude Oil Inventories -1.0M 19/0 COPPER 359 365 -6000
4
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 Gold and Silver

GOLD COMEX GOLD

Gold showed bearish movement and found the important

support level of 28765. Now if it will close below the
PIVOT S1 S2 R1 R2
S important support level of 28750 then 28500 will act as
MCX 28750 28500 29200 29500 next support level. On the other hand 29500 will act as a
COME 1260 1250 1275 1290 major resistance level.

SILVER COMEX SILVER

Silver showed bearish movement and found the

PIVOTS S1 S2 R1 R2 important support level of 40338. Now if it will close
below the important support level of 40300 then 39700
MCX 40300 39700 41300 42000
will act as next support level. On the other hand 41300
COMEX 17.50 17.30 18.00 18.30
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 3154. 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 48.80 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 367.30. Now if it will close
PIVOTS S1 S2 R1 R2
above the important resistance level of 370 then 380
MCX 355 350 370 380 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 4944 1477 Bullish

LEAD 138 135 142 145 13257 2493 Bullish

NICKEL 590 575 620 635 26324 32139 Bullish

ZINC 165 163 170 172 17790 3655 Bearish

NATURAL GAS 192 188 200 205 23155 744 Bearish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
COMMODITIES Bank Holiday NO LME
19/04/2017 DATA TODAY
20/04/2017 21/04/2017 24/04/2017 25/04/2017

ALUMINIUM -32500 -11125 -14250 -9625 -9325

COPPER +12050 +975 -50 -3550 -2600

LEAD -650 -500 -500 -250 -600

NICKEL +5598 +786 +5208 -450 -324

ZINC -1625 -1075 -1300 -1950 -1525

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 Agri Commodity Updates

GUARSEED
Guarseed showed sideways movement and found
the important resistance level of 3910. If prices
sustains above 3910 level in next trading session
then this momentum can take prices to 3990 level. If
it breaks the support level of 3860 then 3790 will act
as next support level.

PIVOTS S1 S2 R1 R2

3860 3790 3910 3990

JEERA
Jeera showed bullish movement today and found
the resistance level of 19500. If prices sustain
above 19500 levels in next trading session then this
bullish momentum can take prices to 19700 levels.
If it breaks the support level of 18900 then 18700
will act as next support level.

PIVOTS S1 S2 R1 R2

18900 18700 19500 19700

SOYABEAN
Soyabean showed bearish movement and found the
important support level of 2960. If prices sustain
below 2960 level in next trading session then this
bearish momentum can take prices to 2920 level. If
it breaks the resistance level of 3020 then 3060 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

2960 2920 3020 3060

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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 NATURAL GAS BELOW 194 TARGETS 191/188 SL 198.

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 Trifid Special
(Premium Section)

CALL: SELL GOLD BELOW 28750 TARGET 28650/28550 SL 28900.

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