Daily Market Reflection

26th December 2016

COMDEX

Market Outlook
Gold prices are flattish today but continue to have a weaker bias
as US economic data continues to keep growth optimism alive.
We expect precious metals prices to trade range bound for the
day. Base metals are mixed on the LME but lead and zinc
continue to see a weaker trend and the correction could extend
further today. Copper might also suffer from limited volume in
the market. we expect lead and zinc prices to trade lower while
range bound in others. Crude oil prices ended higher yesterday
amid choppy trading and prices may remain stuck in a range
today as well.
Fundamental News
Gold edged higher on Friday in thin pre-Christmas trade as the
dollar retreated from this week's 14-year high, tempting some
buyers to take advantage of a near 10-month low in prices after
six straight weeks of decline.
U.S. oil moved sharply lower on Friday, as a strong U.S. dollar
continued to weigh, as well as a rise in Libyan production.

Important Data
Time

All Day
All Day
All Day
All Day
All Day
All Day

Currency

Event

CHF

Bank Holiday

EUR

German Bank
Holiday
Italian Bank
Holiday

Forecas
t

Previou
s

Market Updates
MCX
Date
22-12-16
GOLD
SILVER
COPPER
CRUDE
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS

26973
38905
376.70
3608
117.95
143.55
729
177.90
240

Date
23-1216
26988
38718
373.00
3603
117.55
138.85
706.60
173.80
249.80

COMEX

Date
23-12-16
1133.75
15.753
52.81
2.481
102.99

% Chg

GOLD
SILVER
CRUDE
COPPER
$ INDEX

Date
22-12-16
1130.70
15.871
52.95
2.500
103.07

USDINR

67.9925

67.8175

-0.26%

+0.07%
-0.66%
-0.94%
-0.11%
-0.30%
-3.47%
-3.18%
-2.30%
+3.82%

+0.27%
-0.78%
-0.21%
-0.70%
-0.08%

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity
Entry
Exit
P/L

23/1 CRUDE
2
Multibagger
GBP
Date Commodity Entry
Exit
Bank Holiday
23/1 LEAD
141.80 139.80
2
Bank Holiday
CAD
Trifid special
Date Commodity Entry
Exit
Bank Holiday
USD
23/1 GOLD
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| Toll Free: 1800-270-1410
2
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EUR

% Chg

P/L
10000

P/L
-

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

26850
1120

26600
1110

27200
1138

27400
1148

SILVER

Gold showed sideways movement and found the

important support level of 26900. Now if it will sustain
below the important support level of 26850 then 26600
will act as next support level. On the other hand 27300
will act as a major resistance level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

38500
15.50

38000
15.30

39500
16.00

40000
16.15

Silver showed bearish movement and found the

important support level of 38650. Now if it will sustain
below the important support level of 38600 then 38000
will act as next support level. On the other hand 39500
will act as a major resistance level.
.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

3550

3500

3650

3720

COMEX

52.00

51.00

53.50

54.00

Crude showed sideways to bullish movement and found

the important resistance level of 3610. Now if it will
close above the important resistance level of 3630 then
3700 will act as next resistance level. On the other hand
3550 will act as a major support level.
.
COMEX COPPER

COPPER

PIVOTS

S1

S2

R1

R2

MCX

370

365

380

385

COMEX

2.4500

2.4300

2.5100

2.5300

Copper showed bearish movement and found the

important support level of 372.75. Now if it will close
below the important support level of 370 then 365 will
act as next support level. On the other hand 380 will act
as a major resistance level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

115

113

119

122

2559

2847

Bearish

LEAD

138

135

142

145

11236

2921

Bearish

NICKEL

700

680

720

740

23766

14935

Bearish

ZINC

170

166

178

181

15871

5037

Bearish

NATURAL GAS

245

240

255

260

44371

7553

Bullish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
Bank Holiday NO20/12/2016
LME DATA TODAY
COMMODITIES
19/12/2016

21/12/2016

22/12/2016

23/12/2016

ALUMINIUM

-5224

-2826

+25101

+5025

+10450

COPPER

+38399

-1451

-4400

-3825

-1275

LEAD

-549

+215

+25

+11700

+50

NICKEL

+115

-2300

+95

+95

-144

ZINC

-1301

-574

-25

-175

-200

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Agri Commodity Updates

GUARSEED
Guarseed found the important support of 3122 and
showed sideways to bullish movement. If prices
sustain below 3120 level in next trading session then
this bearish momentum can take prices to 3050
level. If it breaks the resistance level of 3275 then
3325 will act as next resistance level.
PIVOTS

S1

S2

R1

R2

3120

3050

3275

3325

JEERA
Jeera showed bearish movement today and found
the support of 16600. If prices sustain below 16500
level in next trading session then this bearish
momentum can take prices to 16100 level. If it
breaks the resistance level of 17340 then 17550 will
act as next resistance level.

PIVOTS

S1

S2

R1

R2

16500

16100

17400

17600

SOYABEAN
Soyabean found the important support of 2947 and
showed bullish movement. If prices sustain below
2930 level in next trading session then this bearish
momentum can take prices to 2870 level. If it breaks
the resistance level of 3030 then 3100 will act as
next resistance level.

PIVOTS

S1

S2

R1

R2

2930

2870

3030

3100

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Intraday Super Star

(Premium Section)

CALL: BUY CRUDE ABOVE 3630 TAREGTS 3660/3690 SL 3590.

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Multibagger Call
(Premium Section)

CALL: SELL SILVER BELOW 38650 TARGETS 38350/38050 SL 39050.

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Trifid Special
(Premium Section)

CALL: SELL GOLD BELOW 26890 TARGETS 26790/26690 SL 27040.

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