Daily Market Reflection

27th April 2017

Market Outlook COMDEX

Gold prices were lower on Wednesday, edging down for the third
straight session as investor sentiment remained skewed toward
riskier assets amid optimism surrounding an expected tax reform
announcement from U.S. President Donald Trump's
administration later in the day. Oil prices edged lower on
Wednesday as ample global supplies and data showing a rise in
U.S. crude inventories cast doubt on OPEC's ability to tighten the
market with output cuts. Metals prices are also up across the
board, suggesting the wave of weakness that has hit that market Market Updates
in recent weeks may have passed. MCX Date Date % Chg
25-04-17 26-04-
17
Fundamental News GOLD 28814 28719 -0.33%
Gold dropped to its lowest level in two-weeks, as risk on SILVER 40416 39858 -1.38%
sentiment continued to dominate asset flows, after recent polls COPPER 366.30 366.80 +0.14%
pointed to an easy victory for pro-EU candidate Emmanuel CRUDE 3183 3199 +0.50%
Macron in the runoff vote for the French presidency, scheduled ALUMINIUM 125.60 125.60 -
LEAD 139.70 141 +0.93%
for May 7.
NICKEL 596.70 591.30 -0.90%
Crude has been under heavy selling pressure in recent days ZINC 166.80 168.25 +0.87%
NATURALGAS 195 209.90 +3.65%
amid fears that an ongoing rebound in U.S. shale production
could derail efforts by other major producers to rebalance global COMEX Date Date % Chg
oil supply and demand. 25-04-17 26-04-17
GOLD 1267.20 1264.14 -0.24%
SILVER 17.659 17.453 -1.19%
Important Data
CRUDE 49.56 49.81 +0.50%
COPPER 2.591 2.600 +0.35%
Time Currency Event Foreca Previous
$ INDEX 98.72 99.11 +0.40%
st
USDINR 64.2925 64.0225 -0.42%
5:15pm EUR Minimum Bid Rate 0.00% 0.00%
OUR PREVIOUS CALLS UPDATE
Core Durable Goods
6:00pm USD 0.4% 0.5% Intraday super star
Orders m/m
Date Commodity Entry Exit P/L
Unemployment
6:00pm USD 241K 244K 24/0 ZINC - - -
Claims 4
Durable Goods Multibagger
6:00pm USD Orders m/m 1.5% 1.8% Date Commodity Entry Exit P/L
24/0 NICKEL 600 591.50 2125
Pending Home Sales 4
7:30pm USD -0.6% 5.5%
m/m Trifid special
Natural Gas Storage Date Commodity Entry Exit P/L
8:00pm USD 72B 54B
26/0 GOLD - - -
4
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 Gold and Silver

GOLD COMEX GOLD

Gold showed bearish movement and found the important

support level of 28660. Now if it will close below the
PIVOT S1 S2 R1 R2
S important support level of 28620 then 28350 will act as
MCX 28600 28350 29200 29500 next support level. On the other hand 29250 will act as a
COME 1255 1240 1275 1290 major resistance level.

SILVER COMEX SILVER

Silver showed bearish movement and found the

PIVOTS S1 S2 R1 R2 important support level of 39900. Now if it will close
below the important support level of 39700 then 38500
MCX 39700 39000 40500 41000
will act as next support level. On the other hand 41300
COMEX 17.00 16.70 17.70 18.00
will act as a major resistance level.

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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 3227. Now if it will close
above the important resistance level of 3250 then 3300
MCX 3150 3100 3250 3300
will act as next resistance level. On the other hand 3100
COMEX 48.80 48.00 50.00 51.60
will act as a major support level.

COPPER COMEX COPPER

Copper showed sideways to bullish movement and

found the important resistance level of 367.10. Now if it
PIVOTS S1 S2 R1 R2
will close above the important resistance level of 370
MCX 355 350 370 380 then 380 will act as next resistance level. On the other
COMEX 2.4800 2.4400 2.6000 2.6800 hand 355 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 3788 1277 Bearish

LEAD 138 135 142 145 14076 2090 Bullish

NICKEL 590 575 620 635 24634 29716 Bearish

ZINC 165 163 170 172 16798 3662 Bullish

NATURAL GAS 205 200 215 220 46280 7239 Bullish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
COMMODITIES Bank Holiday NO LME
20/04/2017 DATA TODAY
21/04/2017 24/04/2017 25/04/2017 26/04/2017

ALUMINIUM -11125 -14250 -9625 -9325 -13100

COPPER +975 -50 -3550 -2600 -775

LEAD -500 -500 -250 -600 -575

NICKEL +786 +5208 -450 -324 -834

ZINC -1075 -1300 -1950 -1525 -925

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 Agri Commodity Updates

GUARSEED
Guarseed showed sideways movement and found
the important resistance level of 3930. If prices
sustains above 3930 level in next trading session
then this momentum can take prices to 4020 level. If
it breaks the support level of 3860 then 3790 will act
as next support level.

PIVOTS S1 S2 R1 R2

3860 3790 3930 4020

JEERA
Jeera showed bearish movement today and found
the support level of 19150. If prices sustain below
19150 levels in next trading session then this
bearish momentum can take prices to 18950 levels.
If it breaks the resistance level of 19500 then 19700
will act as next resistance level.

PIVOTS S1 S2 R1 R2

19150 18950 19500 19700

SOYABEAN
Soyabean showed bearish movement and found the
important support level of 2950. If prices sustain
below 2950 level in next trading session then this
bearish momentum can take prices to 2910 level. If
it breaks the resistance level of 3020 then 3060 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

2950 2910 3020 3060

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 Intraday Super Star
(Premium Section)

CALL: SELL NICKEL BELOW 590 TARGETS 580/570 SL 605.

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 Multibagger Call
(Premium Section)

CALL: BUY ALUMINIUM ABOVE 125.80 TARGETS 126.80/127.80 SL 124.40.

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 Trifid Special
(Premium Section)

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

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