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Daily Market Reflection

4thAugust 2017

27842 -
Market Outlook COMDEX
Gold prices drifted lower on Thursday to move further away from
their strongest level in seven weeks as investors looked ahead to
a key batch of U.S. economic data to gauge how it will impact the
Federal Reserve's view on monetary policy. Investors were
turning their attention to upcoming U.S. economic data for fresh
clues on the timing of the Fed's balance sheet reduction and its
ability to raise interest rates again this year. Oil prices rose on
Thursday, lifted by renewed signs of a gradually tightening U.S.
market, although ongoing high supplies from producer club OPEC Market Updates
still weighed. MCX Date Date % Chg
2-08-17 3-08-17
Fundamental News GOLD 28589 28576 -0.05%
Gold has been well-supported in recent weeks as fading SILVER 38116 38027 -0.23%
expectations for a third Fed rate hike this year combined with COPPER 405.65 405.60 -0.01%
deepening political turmoil in the White House boosted the appeal CRUDE 3147 3143 -0.13%
ALUMINIUM 122.15 121.55 -0.49%
of the precious metal.
LEAD 149.65 150.10 +0.30%
NICKEL 658.90 660.90 +0.30%
Oil traders looked ahead to a technical meeting of some OPEC ZINC 178.35 177.70 -0.36%
and non-OPEC producers in Abu Dhabi next week to assess how NATURALGAS 180.20 179.40 -0.44%
the group can increase compliance with production cuts that
COMEX Date Date % Chg
began at the start of this year.
2-08-17 3-08-17
GOLD 1271.80 1268.02 -0.30%
Important Data SILVER 16.733 16.633 -0.59%
CRUDE 49.59 49.31 -0.52%
Time Currenc Event Forecast Previous COPPER 2.885 2.879 -0.19%
y $ INDEX 92.75 92.69 -0.05%
USDINR 63.8525 63.8750 +0.04%
Employment
6:00pm CAD 11.7K 45.3K
Change

6:00pm CAD Trade Balance -1.3B -1.1B OUR PREVIOUS CALLS UPDATE
Intraday super star
6:00pm CAD Unemployment Rate 6.5% 6.5% Date Commodity Entry Exit P/L
1/08 ALUMINIUM - - -
Average Hourly
6:00pm USD 0.3% 0.2% Multibagger
Earnings m/m
Date Commodity Entry Exit P/L
Non-Farm 3/08 COPPER - - -
6:00pm USD Employment 181K 222K Trifid special
Change Date Commodity Entry Exit P/L
3/08 NG. - - -
6:00pm USD Unemployment Rate 4.3% 4.4% 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 28365. Now if it will close below the
PIVOT S1 S2 R1 R2
S important support level of 28350 then 28000 will act as
MCX 28350 28000 28860 29000 next support level. On the other hand 28860 will act as a
COME 1260 1255 1275 1280 major resistance level.

SILVER COMEX SILVER

Silver showed bearish movement and found the


PIVOTS S1 S2 R1 R2 important support level of 37561. Now if it will close
below the important support level of 37500 then 37000
MCX 37500 37000 38500 39000
will act as next support level. On the other hand 38500
COMEX 16.50 16.35 16.85 17.00
will act as a major resistance level.

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Crude and Copper

CRUDE COMEX CRUDE

Crude showed sideways movement and found the


PIVOTS S1 S2 R1 R2 important resistance level of 3189. Now if it will close
above the important resistance level of 3200 then 3235
MCX 3100 3050 3235 3300
will act as next resistance level. On the other hand 3100
COMEX 48.00 46.00 50.00 52.00
will act as a major support level.

COPPER COMEX COPPER

Copper showed bearish movement and found the


important support level of 402.45. Now if it will close
PIVOTS S1 S2 R1 R2
below the important support level of 400 then 395 will
MCX 400 395 415 420 act as next support level. On the other hand 415 will act
COMEX 2.8500 2.8200 2.8900 2.9500 as a major resistance level.

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Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND


S

ALUMINIUM 120 119 123.50 125 5112 3380 Bearish

LEAD 148 146 151 152 11686 3071 Bullish

NICKEL 640 625 665 680 28789 18386 Bullish

ZINC 177 175 180 182 19697 5272 Bearish

NATURAL GAS 177 175 183 187 44187 12841 Bearish

LME INVENTORY
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Due to Summer
COMMODITIES Bank Holiday NO LME
28/07/2017 DATA TODAY
31/07/2017 01/08/2017 2/08/2017 3/08/2017

ALUMINIUM -5975 -7775 -5000 -5125 -7300

COPPER -1550 -3600 -1450 +5575 -1675

LEAD -375 -275 -1025 -875 -500

NICKEL -1602 -1446 -96 +438 -288

ZINC -325 -100 -1275 -225 -225

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Agri Commodity Updates

GUARSEED
Guarseed showed bullish movement and found the
important resistance level of 3650. If prices sustains
below 3550 level in next trading session then this
momentum can take prices to 3500 level. If it breaks
the resistance level of 3650 then 3700 will act as
next resistance level.

PIVOTS S1 S2 R1 R2

3550 3500 3650 3700

JEERA
Jeera showed bearish movement today and found
the support level of 19000. If prices sustain below
18700 levels in next trading session then this
momentum can take prices to 18500 levels. If it
breaks the resistance level of 19100 then 19400 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

18800 18500 19100 19400

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 2920 level. If
it breaks the resistance level of 3000 then 3040 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

2950 2920 3000 3040

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Intraday Super Star
(Premium Section)

CALL: SELL ALUMINIUM BELOW 122 TARGETS 121/120 SL 123.50

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Multibagger Call
(Premium Section)

CALL: SELL COPPER BELOW 404 TARGETS 401/398 SL 408.

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Trifid Special
(Premium Section)

CALL: SELL NATURAL GAS BELOW 178 TARGETS 175/172 SL 182.

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