Daily Market Reflection

11th July 2016

Market Outlook

COMDEX

Gold and silver showed sideways movement. Non Farm Employment

was highly positive and precious metals showed highly volatile
movement on the data but its effect was temporary and after making
new lows and highs market closed flat. In coming session bullishness
can be seen in gold and silver if market will break the resistance and
will be closed above it. Crude oil showed bearish movement and
selling would be profitable strategy in crude oil. Base metals showed
bearish movement and in coming session more bearishness can be
seen and selling would be profitable in base metals.
Fundamental News
Fundamental Factors
US crude prices have steadied on Friday, following sharp losses
on Thursday. WTI/USD futures are trading at $45.55 per barrel.
Brent crude is trading at $46.94, as the Brent premium has
widened to $1.39.
Gold slipped sharply on Friday after stronger than expected U.S.
payrolls data for June but rebounded quickly, underpinned by
concerns over the outlook for financial markets after Britain's
Brexit vote.

Important Data
Time

All Day
11th16th

Currenc
y
EUR
CNY

Event

Foreca
st

Previou
s

Eurogroup
Meetings
M2 Money Supply
y/y

11.4%

11.8%

1000B

986B

11th16th

CNY

1:30pm

EUR

Italian Industrial
Production m/m

0.1%

0.5%

5:45pm

CAD

Housing Starts

192K

189K

7:30pm

USD

Labor Market
Conditions Index
m/m

New Loans

-4.8

Market Updates
MCX
Date
7-07-16
GOLD
31881
SILVER
46893
CRUDE
3063
COPPER
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS
COMEX
GOLD
SILVER
CRUDE
COPPER
USDINR
$ INDEX

319.05
110.45
122.25
654.70
141.25
187.20
Date
7-07-16
1362.10
19.838
45.14
2.124
67.5900
96.33

Date
8-07-16
31719
47487
3059
317.80
111.25
121.65
663.60
143.90
188.30
Date
8-07-16
1358.15
20.027
45.48
2.122
67.5450
96.33

% Chg
-0.51%
+1.27%
-0.13%
-0.39%
+0.72%
-0.49%
+1.36%
+1.88%
+0.59%
% Chg
-0.29%
+0.95%
+0.75%
-0.07%
-0.07%
0.00%

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity Entry
Exit
P/L
08/0 NICKEL
7
Multibagger
Date Commodity Entry
Exit
08/0 CRUDE
3070
3015
7
Trifid special
Date Commodity Entry
Exit
08/0 GOLD
31840 31600
7
For our next calls click here..

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P/L
5500

P/L
24000

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

31300
1347

31100
1337

31900
1365

32200
1375

SILVER

Gold showed bearish movement and gave breakout of

head and shoulder pattern. Now if it will break the
important resistance level of 31800 then 32250 will act
as next resistance level. On lower side 31300 will act as
vital support level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

46300
19.50

45800
19.18

47500
20.07

48500
20.40

Silver showed bearish movement and in evening session

it bounces back towards resistance of 47000. Now if it
will break the resistance level of 47400 then 48000 will
act as next resistance level. On lower side 46000 will act
as vital support level.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

3000

2950

3075

3125

COMEX

44.75

44.00

45.80

46.60

COPPER

Crude oil showed bearish movement. Now if it showed

bearish movement and sustain below 3000 then 2950
will be next support level. On the other hand 3100 will
act as important resistance level.
COMEX COPPER

PIVOTS

S1

S2

R1

R2

MCX

317.95

315

320.50

322.50

COMEX

2.1050

2.0000

2.1310

2.1460

Copper showed bearish movement in whole trading session

and found support of 318. Now if it will break the resistance
of 322 then 327 will act as next resistance level. On the other
hand 315 will act as a major support level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

110.50

109

111.70

113

7288

2331

Bearish

LEAD

121.20

120

123

125

13726

2429

Bearish

NICKEL

650

630

685

705

52043

13460

Bearish

ZINC

143

141.50

145

147

25442

9506

Bearish

NATURAL GAS

185

180

191

195

45991

6318

Bearish

LME INVENTORY
dasdasdinkjjlfcnl
COMMODITIES
4/07/2016

5/07/2016

6/07/2016

7/07/2016

8/07/2016

ALUMINIUM

-7025

-6825

-5300

-5925

-5775

COPPER

-725

+10525

+23625

-1825

+2500

LEAD

-75

-350

-50

-100

-125

NICKEL

-1452

-1266

+780

+636

-936

ZINC

-600

-350

-350

-950

-575

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Agri Commodity Updates

SOYABEAN
Soyabean showed bearish movement after found the
important resistance level of 3740. Now on lower
side 3740 will act as important support level below
which it will drags towards the support level of 3690.
On higher side some correction will take it towards
the resistance level of 3800.
PIVOTS

S1

S2

R1

R2

3725

3680

3800

3850

DHANIYA
Dhaniya showed sideways movement and found the
support of 7310. Now on higher side 7460 will act
as important resistance level above which it will
bounce towards the resistance level of 7550. On
lower side some correction pulls it towards the
support level of 7300.

PIVOTS

S1

S2

R1

R2

7300

7190

7460

7500

MENTHAOIL
Menthaoil showed bullish movement and break its
important resistance level of 845. Now on lower side
837 will act as important support level below which
it will drags towards the support level of 827. On
higher side some correction it towards the
resistance level of 855.

PIVOTS

S1

S2

R1

R2

838

828

846.50

855

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Intraday Super Star

(Premium Section)

CALL: BUY NICKEL ABOVE 670 TARGETS 685/700 SL 665.

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Multibagger Call
(Premium Section)

CALL: SELL DHANIYA BELOW 7310 TARGETS 7275/7235 SL 7360.

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Trifid Special
(Premium Section)

CALL: BUY SILVER ABOVE 47500 TARGETS 47800/48100 SL 47100.

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