Daily Market Reflection

23rd November 2016

COMDEX

Market Outlook
Gold closed higher yesterday as the highflying dollar cooled its
advance. Base metals traded higher with Copper prices jumping
more than 2%, leading a broad rally in industrial metals, amid
prospects for better demand in top consumer China and smaller
growth in supply. Oil prices rose to a three-week, adding to last
week's strong gains on growing expectations that global oil
producers will find a way to cap output at a meeting scheduled
for the end of this month.

Fundamental News
Gold rose on Tuesday, climbing further away from last week's 51/2-month lows on short-covering as the dollar weakened and
physical buying in Asia supported prices.
Crude oil prices shot higher following encouraging comments
about implementation of an OPEC supply cut accord unveiled in
September. Cartel members have struggled to reach agreement
on output cut quotas due to be unveiled at a meeting on
November 30.
Important Data
Time

7:00pm
7:00pm
7:00pm
8:30pm
8:30pm
9:00pm

Currency

USD
USD

Event

Core Durable
Goods Orders
m/m
Unemployment
Claims
Durable Goods
Orders m/m

Forecas
t

0.2%
241K

Previou
s

Market Updates
MCX
Date
21-11-16
GOLD
SILVER
COPPER
CRUDE
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS

29081
40475
378.60
3312
117.55
147.35
774
174.90
200.10

Date
22-1116
29132
40719
383.15
3258
119.90
149.25
774.30
177
204.80

COMEX

Date
22-11-16
1211.65
16.697
47.38
2.545
101.10

% Chg

GOLD
SILVER
CRUDE
COPPER
$ INDEX

Date
21-11-16
1209.80
16.521
48.24
2.515
100.94

USDINR

68.1525

68.2575

+0.15%

1.2%

-0.01%
+0.50%
+1.24%
-1.72%
+2.00%
+1.22%
-0.22%
+1.14%
+2.04%

+0.15%
+1.10%
-1.78%
+1.19%
+0.16%

0.1%
235K

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity
Entry
Exit
P/L

22/1 NICKEL
777
785
1
Multibagger
USD
New Home Sales
591K
593K
Date Commodity Entry
Exit
22/1
ALUMINIUM
117.60
119.60
Revised UoM
1
USD
Consumer
91.6
91.6
Trifid special
Sentiment
Date Commodity Entry
Exit
Crude Oil
5.3M
USD
22/1 NATURAL G. 202.50 206
Inventories
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| Toll Free: 1800-270-1410
1
For our next calls click here..
USD

% Chg

-0.3%

2000

P/L
10000

P/L
4375

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

28800
1200

28500
1190

29100
1216

29300
1226

SILVER

Gold showed sideways to bearish movement and found

the important support level of 29000. Now if it will close
below the important support level of 29000 then 28800
will act as next support level. On higher side 29250 will
act as vital resistance level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

40500
16.35

40000
16.15

41100
16.80

41700
17.00

Silver showed sideways movement and found the

important support level of 40400. Now if it will close
above the important resistance level of 41000 then
42000 will act as next resistance level. On lower side
40000 will act as vital support level.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

3250

3150

3300

3400

COMEX

47.10

46.00

48.40

49.40

COPPER

Crude showed bullish movement and found the

important resistance of 3360. Now if it will break the
3300 then next resistance level is seen around 3360.
On the other hand 3230 will act as a major support
level; if it breaks the prices could visit 3150 level.
COMEX COPPER

PIVOTS

S1

S2

R1

R2

MCX

380

375

385

392

COMEX

2.5090

2.4690

2.5600

2.5950

Copper showed sideways to bullish movement and

found the important resistance level of 387. Now if it will
break the resistance level of 385 then 390 will act as
next resistance level. On the other hand 380 will act as
a major support level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

117.50

116

120

122

7709

3555

Bullish

LEAD

147.50

145.50

149.80

151.40

10385

3208

Bullish

NICKEL

750

730

800

825

24390

7526

Bullish

ZINC

175

172.80

178.20

180

22189

8272

Bullish

NATURAL GAS

199

195

206

210

57041

4412

Bullish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
Bank Holiday NO17/11/2016
LME DATA TODAY
COMMODITIES
16/11/2016

18/11/2016

21/11/2016

22/11/2016

ALUMINIUM

-375

+3400

-5901

-5451

-8051

COPPER

-6450

+2275

-4175

-6626

-4798

LEAD

-25

+774

-1025

NICKEL

+468

+48

+581

+1025

ZINC

-275

-375

-326

-202

-76

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Agri Commodity Updates

GUARSEED
Guarseed showed bearish movement and breached
the important support level of 3200. Now if it will
break the support level of 3200 then 3150 will act as
next support level. On the other hand 3300 will act
as a major resistance level.

PIVOTS

S1

S2

R1

R2

3200

3150

3300

3350

JEERA
Jeera showed bullish movement breached to
resistance level of 18000. Now on higher side
18000 will act as important resistance level above
which it will pull towards the resistance level of
18300. On lower side bearish movement drags it
towards the support level of 17500.

PIVOTS

S1

S2

R1

R2

17500

17200

18000

18300

SOYABEAN
Soyabean showed bullish movement and breached
the important resistance level of 3120. Now if it will
break the support level of 3060 then 3030 will act as
next support level. On the other hand 3120 will act
as a major resistance level.

PIVOTS

S1

S2

R1

R2

3060

3030

3100

3130

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Intraday Super Star

(Premium Section)

CALL: BUY ALUMINIUM ABOVE 120.20 TARGETS 121/122 SL 119.20.

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Multibagger Call
(Premium Section)

CALL: BUY COPPER ABOVE 385 TARGETS 390/395 SL 377.

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Trifid Special
(Premium Section)

CALL: BUY GOLD ABOVE 29225 TARGETS 29325/29425 SL 29100.

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