Daily Market Reflection

9th September 2016

Market Outlook

COMDEX

Precious metals were flattish till afternoon session due to dollar

stabilization but bullion closed lower amid better U.S. data in
evening. Bullion may continue its short term bearish trend till
any further weak U.S. data comes into light. Base metals were
higher due to better Chinese data yesterday. Crude oil rallied
handsomely due to the biggest drop in US supplies since 1999,
easing fears over a global supply glut in the energy commodity.
Crude may continue its bullish trend today.
Market Updates
MCX
Date
07-09-16

Fundamental News
Gold futures fell on Thursday, extending losses from a day
earlier, as the European Central Bank stood pat and investors
looked ahead to policy moves by other global central bankers.
Oil prices surged about 4 percent on Thursday after U.S.
inventory data showed a surprisingly large drawdown in crude
stocks as imports into the U.S. Gulf Coast slid last week due to
Tropical Storm Hermine.
Natural gas prices rose Thursday after government data showed
a smaller than expected increase in the amount of natural gas in
storage.

Important Data
Time

Currenc
y

All Day

EUR

2:00pm

GBP

Event

6:00pm

CAD

6:00pm

CAD

7:30pm

USD

USD

Previou
s

Eurogroup
Meetings
Goods Trade
Balance
FOMC Member
Rosengren Speaks
Employment
Change

5:15pm

Foreca
st

-11.7B

-12.4B

16.0K

-31.2K

Unemployment
Rate

6.9%

6.9%

Wholesale
Inventories m/m

0.1%

0.3%

GOLD
SILVER
COPPER

31305
47013
312.50

Date
08-0916
31203
46714
314

% Chg

CRUDE
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS
COMEX

3164
105.45
127.75
685.50
153.90
186.10
Date
08-09-16
1341.75
19.688
47.36
2.101
95.06

+4.77%
+0.05%
+0.35%
+0.94%
-0.06%
+4.32%
% Chg

GOLD
SILVER
CRUDE
COPPER
$ INDEX

3020
106.35
128
684.70
154.60
178.40
Date
7-09-16
1349.20
19.848
45.50
2.098
94.95

USDINR

66.5700

66.5950

+0.04%

-0.33%
-0.64%
+0.48%

-0.55%
-0.81%
+4.11%
+0.17%
+0.12%

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity Entry
Exit
P/L
08/0 ALUMINIUM 9
Multibagger
Date Commodity Entry
Exit
08/0 ZINC
153.80 152.50
9
Trifid special
Date Commodity Entry
Exit
08/0 RMSEED
4725
4675
9
For our next calls click here..

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P/L
6500

P/L
5000

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

31100
1330

30900
1320

31250
1342

31450
1350

SILVER

Gold showed bearish movement and near to its support

level of 31150. Now if it will close above the important
resistance level of 31350 then 31500 will act as next
resistance level. On lower side 31000 will act as vital
support level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

46500
19.40

46000
19.20

47000
19.70

47500
19.95

Silver showed bearish movement in todays session.

Now if it will maintain above its resistance level of 47000
then 47700 will act as next resistance level. On the other
hand 46500 will act as important support level.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

3100

3050

3175

3225

COMEX

46.70

46.00

47.50

48.00

Crude oil showed bullish movement. Now if it will

maintain above 3175 then 3225 will be next resistance
level. On the other hand 3100 will act as important
support level.
COMEX COPPER

COPPER

PIVOTS

S1

S2

R1

R2

MCX

312

310

315

317

COMEX

2.0770

2.0670

2.0915

2.1000

Copper showed bullish movement and found the important

resistance of 314. Now if it will break the support level of
311 then 308 will act as next support level. On the other
hand 314.50 will act as a major resistance level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

104.50

103

106

107.20

6626

5333

Bullish

LEAD

125.50

123.60

128.50

130

15619

2592

Bullish

NICKEL

680

670

690

700

31252

16250

Bullish

ZINC

152.20

150.70

155.20

156.80

25152

10094

Bearish

NATURAL GAS

182.50

180

189

193

61783

4680

Bullish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
Bank Holiday NO2/09/2016
LME DATA TODAY
COMMODITIES
1/09/2016

6/09/2016

7/09/2016

8/09/2016

ALUMINIUM

-6650

-6975

-3900

-2175

-6700

COPPER

+11250

+13725

+6450

+4625

-1375

LEAD

-25

-225

-500

+200

NICKEL

-1020

-666

+138

-144

+105

ZINC

-850

-575

-575

-175

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Agri Commodity Updates

DHANIYA
Dhaniya showed sideways to bearish movement and
found its important support level of 7900. Now on
higher side 8150 will act as important resistance
level above which it will pull towards the resistance
level of 8300. On lower side some correction will
take it towards the support level of 7900.
PIVOTS

S1

S2

R1

R2

7900

7700

8100

8300

RMSEED
Rmseed showed bearish movement and found its
support level of 4675. Now on higher side 4800 will
act as important resistance level above which it will
pull towards the resistance level of 4850. On lower
side bearish movement drags it towards the support
level of 4675.

PIVOTS

S1

S2

R1

R2

4675

4635

4765

4800

JEERA
Jeera showed bearish movement and found support
of 17600. Now on lower side 17600 will act as
important support level below which it will drag
down towards the support level of 17400. On higher
side some correction pulls it towards the resistance
level of 18200.

PIVOTS

S1

S2

R1

R2

17600

17400

18100

18300

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Intraday Super Star

(Premium Section)

CALL: SELL ZINC BELOW 153.30 TARGETS 152/151 SL 154.30.

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Multibagger Call
(Premium Section)

CALL: BUY COPPER ABOVE 314.50 TARGETS 317.50/320.50 SL 310.50.

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Trifid Special
(Premium Section)

CALL: SELL SILVER BELOW 46600 TARGETS 46400/46200 SL 47000.

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