Daily Market Reflection

30th May 2017

-
Market Outlook COMDEX
Gold prices were little changed near a four-week high on Monday,
as the latest ballistic missile test by North Korea supported safe-
haven demand. Last week, gold rose to a nearly one-month high
Friday, shrugging off a rise in the dollar to a four-day high,
following an upward revision to U.S. economic growth and
expectations the Federal Reserve would hike its benchmark rate
in June. Oil prices slipped on Monday as further increases in U.S.
drilling activity undercut an OPEC-led push to tighten supply.
Trading was subdued due to public holidays in China, the United Market Updates
States and Britain, but concerns lingered over whether OPEC MCX Date Date % Chg
action would be enough to stem the tide of oversupply. 26-05-17 29-05-
17
GOLD 28888 28900 +0.04%
Fundamental News SILVER 40091 40337 +0.61%
Gold is sensitive to moves higher in both U.S. rates and the dollar COPPER 367.40 367.60 +0.05%
stronger dollar makes gold more expensive for holders of foreign CRUDE 3213 3259 +1.43%
ALUMINIUM 125.90 125.95 +0.04%
currency while a rise in U.S. rates; lift the opportunity cost of
LEAD 136.05 136.05 -
holding non-yielding assets such as bullion.
NICKEL 584.80 584.70 -0.02%
OPEC's success in drawing down inventories may hinge on output ZINC 170.25 169.90 -0.21%
NATURALGAS 214.20 206.70 -3.50%
in the United States, which is not participating in the cuts. U.S.
production has soared 10 percent since mid-2016 to more than 9.3 COMEX Date Date % Chg
26-05-17 29-05-17
million bpd, close to top producer levels Russia and Saudi Arabia.
GOLD 1268.10 1266.60 -0.12%
SILVER 17.323 17.405 +0.47%
Important Data CRUDE 49.80 49.99 +0.38%
COPPER 2.566 2.569 +0.12%
Time Currency Event Foreca Previous
$ INDEX 97.33 97.33 -
st USDINR 64.4500 64.5600 +0.17%
6:00pm CAD Current Account -11.4B -10.7B

OUR PREVIOUS CALLS UPDATE

6:00pm CAD RMPI m/m -1.6%
Intraday super star
Date Commodity Entry Exit P/L
Core PCE Price Index
6:00pm USD 0.1% -0.1% 29/0 GOLD - - -
m/m
5
Personal Spending Multibagger
6:00pm USD 0.4% 0.0%
m/m Date Commodity Entry Exit P/L
29/0 COPPER - - -
6:00pm USD Personal Income m/m 0.4% 0.2% 5
Trifid special
CB Consumer Date Commodity Entry Exit P/L
7:30pm USD 120.1 120.3
Confidence 26/0 NICKEL 579 - -
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5
For our next calls click here..
 Gold and Silver

GOLD COMEX GOLD

Gold showed sideways movement and found the

important resistance level of 28900. Now if it will close
PIVOT S1 S2 R1 R2
S above the important resistance level of 28950 then
MCX 28600 28400 28950 29150 29150 will act as next resistance level. On the other
COME 1250 1240 1275 1285 hand 28600 will act as a major support level.

SILVER COMEX SILVER

Silver showed sideways to bullish movement and found

PIVOTS S1 S2 R1 R2 the important resistance level of 40335. Now if it will
close above the important resistance level of 40500 then
MCX 39700 39200 40700 41000
41000 will act as next resistance level. On the other
COMEX 17.00 16.90 17.50 17.60
hand 39700 will act as a major support level.

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 Crude and Copper

CRUDE COMEX CRUDE

Silver showed bullish movement and found the

PIVOTS S1 S2 R1 R2 important resistance level of 3252. Now if it will close
above the important resistance level of 3260 then 3300
MCX 3200 3150 3260 3300
will act as next resistance level. On the other hand 3200
COMEX 49.00 47.50 51.50 52.50
will act as a major support level.

COPPER COMEX COPPER

Copper showed sideways to bearish movement and

found the important support level of 365. Now if it will
PIVOTS S1 S2 R1 R2
close below the important support level of 365 then 358
MCX 363 358 372 377 will act as next support level. On the other hand 372 will
COMEX 2.5300 2.5200 2.5720 2.5820 act as a major resistance level.

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 Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND

S

ALUMINIUM 124 122 128 130 623 1861 Bearish

LEAD 135 133 138 140 5045 3200 Bullish

NICKEL 570 550 605 625 6938 28253 Bullish

ZINC 168 165 173 175 5712 3492 Bearish

NATURAL GAS 200 195 210 215 26455 5550 Bearish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
COMMODITIES Bank Holiday NO LME
22/05/2017 DATA TODAY
23/05/2017 24/05/2017 25/05/2017 26/05/2017

ALUMINIUM -11350 -6025 -9300 -9475 +25900

COPPER -4350 -2425 -4200 -4100 -2925

LEAD -1200 +300 -25 -100 -500

NICKEL -36 -444 +6384 -954 -1470

ZINC -2325 -1200 -1750 -1525 -1650

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 Agri Commodity Updates

GUARSEED
Guarseed showed bearish movement and found the
important support level of 3400. If prices sustains
below 3400 level in next trading session then this
momentum can take prices to 3350 level. If it breaks
the resistance level of 3475 then 3525 will act as
next resistance level.

PIVOTS S1 S2 R1 R2

3400 3350 3475 3525

JEERA
Jeera showed bearish movement today and found
the support level of 17400. If prices sustain below
17400 levels in next trading session then this
momentum can take prices to 17200 levels. If it
breaks the resistance level of 17800 then 18000 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

17400 17200 17800 18000

SOYABEAN
Soyabean showed bearish movement and found the
important support level of 2690. If prices sustain
below 2690 level in next trading session then this
bearish momentum can take prices to 2650 level. If
it breaks the resistance level of 2730 then 2780 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

2690 2650 2730 2780

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 Intraday Super Star
(Premium Section)

CALL: BUY GOLD ABOVE 28900 TARGET 29000/29100 SL 28800.

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 Multibagger Call
(Premium Section)

CALL: SELL COPPER BELOW 365 TARGETS 361/357 SL 370.

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 Trifid Special
(Premium Section)

CALL: SELL NICKEL BELOW 579 TARGETS 569/559 SL 595.

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