Daily Market Reflection

4th August 2016

Market Outlook

COMDEX

Gold and silver showed bearish movement after strong ADP

Non Form Employment change. It was expected to be 171K but
actual was little bit higher and its 179K whereas Last week it
was 176K. In coming session more bullish can be seen in gold
and silver and buying strategy would be profitable. Crude
showed strong bullish movement. US Crude inventory was far
more positive where as an expectation was negative it
supported crude prices.

Fundamental News
Fundamental Factors
Gold and other metals futures retreated Wednesday following a
stronger-than-expected round of economic data and a stronger
dollar.
Natural gas prices rose Wednesday as weather reports got
slightly hotter, traders expected a potentially historically low
weekly surplus and others tried to capitalize on a recent fall.

Important Data
Time

Currenc
y

Event

4:30pm

GBP

BOE Inflation
Report

4:30pm

GBP

Monetary Policy
Summary

4:30pm

GBP

Official Bank Rate

GBP

BOE Gov Carney

Speaks

5:00pm
6:00pm

USD

Unemployment
Claims

8:00pm

USD

Natural Gas
Storage

Foreca
st

0.25%

265K

Previou
s

0.50%

266K
17B

Market Updates
MCX
Date
02-08-16
GOLD
SILVER
COPPER

31815
48071
326.65

Date
03-0816
31697
47671
325.50

% Chg

CRUDE
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS
COMEX

2740
109.85
120.95
720.40
152.70
191.60
Date
03-08-16
1364.25
20.457
40.73
2.197
66.935

+3.79%
+1.29%
-0.45%
+0.56%
+0.43%
+4.19%
% Chg

GOLD
SILVER
CRUDE
COPPER
USDINR

2640
108.45
121.50
716.40
152.05
183.90
Date
02-08-16
1372.60
20.701
39.51
2.209
66.690

$ INDEX

95.02

95.46

-0.44%

-0.37%
-0.83%
-0.35%

-0.61%
-1.18%
+3.09%
-0.54%
+0.36%

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity Entry
Exit
P/L
03/0 COPPER
325.50 322.60
8
Multibagger
Date Commodity Entry
Exit
03/0 ZINC
151.75 150.75
8
Trifid special
Date Commodity Entry
Exit
03/0 GOLD
31850 31945
8
For our next calls click here..

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2900

P/L
5000

P/L
9500

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

31620
1350

31450
1345

31800
1365

32000
1375

SILVER

Gold showed bearish movement in todays session and

found support of 31650. Now if it will close above the
important support level of 31500 then 31200 will act as
next support level. On higher side 32000 will act as vital
resistance level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

47500
20.30

47000
20.30

48000
20.60

48500
21.80

Silver showed weak movement .Now if it will break the

support level of 47500 then 47000 will act as next
support level. On the other hand 48000 will act as
important resistance level.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

2700

2630

2760

2850

COMEX

40.30

39.70

41.30

41.90

Crude oil showed bullish movement after inventory

data. Now if it will maintain above 2750 then 2850 will
be next resistance level. On the other hand 2700 will
act as important support level.
COMEX COPPER

COPPER

PIVOTS

S1

S2

R1

R2

MCX

325

321

329

333

COMEX

2.1830

2.1710

2.2010

2.2150

Copper showed bearish movement and drag down towards

the support level of 322. Now if it will break the support
level of 322 then 318 will act as next support level. On the
other hand 328 will act as a major resistance level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

109

107.50

111

113

7835

2507

Bullish

LEAD

120

118.50

122

124

10849

3214

Bearish

NICKEL

705

690

730

745

38649

9031

Bullish

ZINC

150.50

148

153.50

155.50

26359

13667

Bullish

NATURAL GAS

187.50

182

195

200

52780

6494

Bullish

LME INVENTORY
dasdasdinkjjlfcnl
COMMODITIES
28/07/2016

29/07/2016

01/07/2016

02/08/2016

03/08/2016

ALUMINIUM

-5850

-8825

-9650

-9250

-6300

COPPER

-5700

+725

+625

-425

-2300

LEAD

-25

-50

-50

-50

+1650

NICKEL

-54

-1524

-120

-204

-372

ZINC

-1575

-1400

-1425

-50

-525

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Agri Commodity Updates

DHANIYA
Dhaniya showed sideways and found its important
resistance level of 8700. Now on higher side 8730
will act as important resistance level above which it
will pull towards the resistance level of 8800. On
lower side some correction will take it towards the
support level of 8500.
PIVOTS

S1

S2

R1

R2

8500

8300

8750

8890

CARDAMOM
Cardamom showed sideways movement and
consolidated near to its important resistance of 965.
Now on higher side 962 will act as important
resistance level above which it will pull towards the
resistance level of 970. On lower side some
correction drags it towards the support level of 948.

PIVOTS

S1

S2

R1

R2

940

930

955

965

SOYABEAN
Rmseed showed sideways movement. Now on
lower side 4975 will act as important support level
below which it will drag down towards the support
level of 4950. On higher side some correction pulls
it towards the resistance level of 5050.

PIVOTS

S1

S2

R1

R2

4975

4950

5040

5075

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Intraday Super Star

(Premium Section)

CALL: BUY ALUMINIUM ABOVE 110.25 TARGETS 111/112 SL 109.25.

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Multibagger Call
(Premium Section)

CALL: SELL SILVER BELOW 47650 TARGETS 47500/47200 SL 47900.

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Trifid Special
(Premium Section)

CALL: BUY CRUDE ABOVE 2750 TARGETS 2850/3000 SL 2630.

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