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Daily Market Reflection

30thAugust 2017

27842 -
Market Outlook COMDEX
Gold prices rallied to their highest level in almost ten months on
Tuesday, as investors piled into safe-haven assets after North
Korea fired a missile that passed over northern Japan.
Geopolitical risks can boost demand for safe-haven assets such
as gold which is considered a good store of value during volatility
in other markets. Crude prices dipped on Tuesday as the market
grappled with the shutdown of some 13 percent of refining
capacity in the United States after a hurricane ripped through the
heart of the country's oil industry. Market Updates
MCX Date Date % Chg
Fundamental News 28-08-17 29-08-
Gold prices raced to a nearly 10-month high on Monday, buoyed 17
GOLD 29503 29662 +0.54%
by a sixteen-month slump in the dollar as investor expectations of
SILVER 39727 39818 +0.23%
an additional rate hike continued to fade, following Fed chair Janet COPPER 431 434 +0.70%
Yellens decision to sidestep monetary policy. CRUDE 2970 2962 -0.27%
U.S. fuel prices continue to rise as more Gulf Coast refiners cut ALUMINIUM 131.95 132.95 +0.76%
output, leaving more than 13% of the country's refining capacity LEAD 148 151.25 +2.20%
offline. Gasoline for September delivery climbed as much as 2.77 NICKEL 745.40 746.50 +0.15%
cents to $1.74 a gallon, while crude prices dipped slightly to ZINC 197.05 198.90 +0.94%
$46.50/bbl. NATURALGAS 186.20 190.80 +1.11%
COMEX Date Date % Chg
Important Data 28-08-17 29-08-17
GOLD 1315.30 1319.50 +0.31%
SILVER 17.441 17.438 -0.02%
Time Currenc Event Forecast Previous
CRUDE 46.57 46.23 -0.73%
y COPPER 3.086 3.103 +0.55%
$ INDEX 92.17 92.06 -0.12%
ADP Non-Farm USDINR 63.9100 64.0125 +0.16%
5:45pm USD Employment 186K 178K
Change

OUR PREVIOUS CALLS UPDATE


6:00pm CAD Current Account -17.3B -14.1B
Intraday super star
Date Commodity Entry Exit P/L
6:00pm USD Prelim GDP q/q 2.7% 2.6%
28/0 ZINC - - -
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Prelim GDP Price
6:00pm USD 1.0% 1.0% Multibagger
Index q/q
Date Commodity Entry Exit P/L
28/0 ALUMINIUM - - -
6:45pm USD 6:45pm
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Trifid special
Crude Oil
8:00pm USD -2.0M -3.3M Date Commodity Entry Exit P/L
Inventories
29/0 CRUDE - - -
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Gold and Silver

GOLD COMEX GOLD

Gold showed bullish movement and found the important


resistance level of 29937. Now if it will close above the
PIVOT S1 S2 R1 R2
S important resistance level of 30000 then 30300 will act
MCX 29400 29200 30000 30300 as next resistance level. On the other hand 29200 will
COME 1310 1300 1325 1330 act as a major support level.

SILVER COMEX SILVER

Silver showed bullish movement and found the important


PIVOTS S1 S2 R1 R2 resistance level of 40275. Now if it will close above the
important resistance level of 40300 then 40800 will act
MCX 39500 39000 40300 40800
as next resistance level. On the other hand 39000 will
COMEX 17.25 17.00 17.60 17.90
act as a major support 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 2935. Now if it will close
below the important support level of 2930 then 2900 will
MCX 2930 2900 3000 3050
act as next support level. On the other hand 3050 will
COMEX 45.00 43.00 48.00 50.00
act as a major resistance level.

COPPER COMEX COPPER

Copper showed bullish movement and found the


important resistance level of 436.25. Now if it will close
PIVOTS S1 S2 R1 R2
above the important resistance level of 437 then 440
MCX 430 425 437 440 will act as next resistance level. On the other hand 425
COMEX 3.000 2.9500 3.0800 3.1000 will act as a major support level.

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Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND


S

ALUMINIUM 130 128 134 136 4751 1990 Bullish

LEAD 150 148 153 155 12965 1614 Bullish

NICKEL 735 720 755 770 40647 6872 Bullish

ZINC 197 195 200 203 22288 5608 Bullish

NATURAL 187 185 193 195 32438 4045 Bullish


GAS

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
COMMODITIES Bank Holiday NO LME
22/08/2017 DATA TODAY
23/08/2017 24/08/2017 25/08/2017 29/08/2017

ALUMINIUM +10500 +5750 +5750 +7125 +2950

COPPER -6000 -6175 -4475 -4225 -7800

LEAD -500 -775 +1000 -50 +500

NICKEL +942 +438 -774 +2250 +990

ZINC -700 -500 -125 -200 -175

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Agri Commodity Updates

GUARSEED
Guarseed showed sideways movement and found
the important resistance level of 4200. If prices
sustains below 4100 level in next trading session
then this momentum can take prices to 4050 level. If
it breaks the resistance level of 4220 then 4300 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

4100 4050 4220 4300

JEERA
Jeera showed bearish movement today and found
the support level of 19450. If prices sustain below
19400 levels in next trading session then this
momentum can take prices to 19200 levels. If it
breaks the resistance level of 19900 then 20200 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

19400 19200 19900 20200

SOYABEAN
Soyabean showed bearish movement and found the
important support level of 3110. If prices sustain
below 3100 level in next trading session then this
bearish momentum can take prices to 3050 level. If
it breaks the resistance level of 3150 then 3200 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

3100 3050 3150 3200

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Intraday Super Star
(Premium Section)

CALL: SELL ZINC BELOW 195 TARGETS 194/193 SL 196.50.

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Multibagger Call
(Premium Section)

CALL: SELL ALUMINIUM BELOW 130.80 TARGETS 129.80/128.80 SL 132.30.

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Trifid Special
(Premium Section)

CALL: SELL CRUDE BELOW 2950 TARGETS 2920/2890 SL 2990.

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