Daily Market Reflection

16th January 2017

Market Outlook

COMDEX

Gold prices are lower after a sharp rally yesterday as the dollar
slumped and other safe havens gained following the Donald
Trump press conference. We expect prices to trade range
bound as the dollar edged up and a technical correction set in.
Base metals ended mixed yesterday with nickel witnessing very
choppy trade on reports about the Indonesian mining policy. We
expect prices to trade higher for the day, after data showing
China imported more copper last year and a weaker dollar
boosted industrial metals. In energy sector, Chinese imports of
oil also jumped in December. We expect oil prices to trade
range bound for the day, supported by reports on details of
OPEC output cuts.
Fundamental News
Gold fell on Friday after hitting a seven-week peak in the
previous session as the dollar edged up and a technical
correction set in, but it was still set to end higher for a third
straight week.
Oil prices are on track to end the week lower on lingering doubts
over the extent of OPEC cuts, with sentiment worsened by
concerns over the health of the Chinese economy after it
reported the steepest falls in exports since 2009.
Important Data
Time

Currency

Event

Forecas
t

Previou
s

All Day

USD

Bank Holiday

5:30am

AUD

MI Inflation Gauge
m/m

0.1%

GBP

Rightmove HPI
m/m

-2.1%

JPY

Tertiary Industry
Activity m/m

JPY

Prelim Machine
Tool Orders y/y

5:31am
10:00am
11:30am
3:30pm

Trade Balance

Market Updates
MCX
Date
12-01-17
GOLD
SILVER
COPPER
CRUDE
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS

28393
40859
401.90
3613
121.50
150.45
701.80
186.10
231.60

Date
13-0117
28350
40900
404.70
3588
123.35
156.35
711.40
189.10
133.30

COMEX

Date
13-01-17
1196.75
16.803
52.53
2.684
101.28

% Chg

GOLD
SILVER
CRUDE
COPPER
$ INDEX

Date
12-01-17
1199.80
16.825
53.01
2.672
101.46

USDINR

68.14

68.18

+0.06%

0.2%
-5.6%

23.2B

19.7B

-0.15%
+0.10%
+0.70%
-0.69%
+1.52%
+3.95%
+1.37%
+1.61%
+0.78%

-0.26%
-0.11%
-0.89%
+0.51%
-0.18%

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity
Entry
Exit
P/L
12/1

0.2%

% Chg

SOYABEAN

Multibagger
Date Commodity Entry
Exit
12/1 ZINC
Trifid special
Date Commodity Entry
Exit
12/1 RMSEED
For our next calls click here..

EUR
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P/L
P/L
-

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

28250
1190

28000
1175

28550
1210

28800
1225

SILVER

Gold showed sideway to bullish movement and found

the important resistance level of 28550. Now if it will
sustain below the important support level of 28250 then
28000 will act as next support level. On the other hand
28550 will act as a major resistance level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

40500
16.60

40000
16.40

41000
17.00

41500
17.20

Silver showed bearish movement and found the

important support level of 40500. Now if it will sustain
below 40500 then 40000 will act as next support level.
On the other hand 41500 will act as a major resistance
level.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

3525

3475

3650

3700

COMEX

52.50

51.80

53.70

54.50

Crude showed sideways to bullish movement and found

the important resistance level of 3650. Now if it will
close above the important resistance level of 3650 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

395

390

405

410

COMEX

2.6200

2.6000

2.6700

2.6900

Copper showed bullish movement and found the

important resistance level of 405. Now if it will close
below the important support level of 398 then 390 will
act as next support level. On the other hand 405 will act
as a major resistance level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

121

118

125

127

5786

2479

Bullish

LEAD

154

152

158

160

14651

2203

Bullish

NICKEL

680

660

710

725

79602

16100

Bearish

ZINC

187

185

190

192

21226

6083

Bullish

NATURAL GAS

230

225

235

240

61005

3385

Bullish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
Bank Holiday NO LME
DATA TODAY
COMMODITIES
6/01/2017
9/01/2017

10/01/2017

11/01/2017

13/01/2017

ALUMINIUM

-5425

-1101

+16801

+11050

-4701

COPPER

-6650

-224

-1498

-5174

-4001

LEAD

-175

-402

-402

-76

-24

NICKEL

-805

+1094

-49

-35

-953

ZINC

-75

+376

-801

-1274

-902

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Agri Commodity Updates

GUARSEED
Guarseed found the important resistance level of
3350 and showed sideways to bullish movement. If
prices sustain below 3300 level in next trading
session then this bearish momentum can take prices
to 3250 level. If it breaks the resistance level of 3350
then 3400 will act as next resistance level.
PIVOTS

S1

S2

R1

R2

3300

3250

3360

3400

JEERA
Jeera showed bullish movement today and found
the resistance level of 17500. If prices sustain below
17200 levels in next trading session then this
bearish momentum can take prices to 17000 levels.
If it breaks the resistance level of 17500 then 17700
will act as next resistance level.

PIVOTS

S1

S2

R1

R2

17200

17000

17500

17700

SOYABEAN
Soyabean found the important resistance level of
3090 and showed bullish movement. If prices
sustain below 3040 level in next trading session
then this bearish momentum can take prices to
3000 level. If it breaks the resistance level of 3100
then 3140 will act as next resistance level.

PIVOTS

S1

S2

R1

R2

3050

3000

3100

3140

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Intraday Super Star

(Premium Section)

CALL: BUY NICKEL ABOVE 705 TARGETS 715/725 SL 680.

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Multibagger Call
(Premium Section)

CALL: BUY COPPER ABOVE 402 TARGETS 407/412 SL 394.

www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410

Trifid Special
(Premium Section)

CALL: SELL SILVER BELOW 40800 TARGETS 40450/40100 SL 41400.

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