Daily Market Reflection

27th January 2017

Market Outlook

COMDEX

Gold prices edged lower during European morning trade on

Wednesday, moving further away from this week's two-month
high as the metals safe-haven appeal was dampened amid a
rally in global equity markets. Market players will continue to
focus on U.S. President Donald Trump for further details on his
promises of tax reform, infrastructure spending and
deregulation, as well as insight regarding policies on China and
the domestic economy. We expect in coming session it may
trade to bullish. Oil slips ahead of official stockpile data. Oil
eased Wednesday ahead of official U.S. crude inventory data.
Brent crude was off 49 cents, or 0.88%, at $54.95 at 08:00 ET.
U.S. crude shed
Fundamental
News
48 cents, or 0.90%, to $52.70.The stockpile
Gold futures dropped Wednesday to settle at their lowest level
in almost two weeks as investors turned their attention to a rise
in U.S. equities, with the Dow Jones Industrial Average crossing
the key 20,000 level for the first time.
Oil prices fell on Wednesday after earlier shrugging off a report
from the U.S. Energy Information Administration that showed the
nation's crude inventories rose and gasoline stocks increased
sharply.
Important Data
Time

Currenc
y

Event

Forecas
t

Previou
s

7:00pm

USD

Advance GDP q/q

2.1%

3.5%

7:00pm

USD

Core Durable
Goods Orders m/m

0.5%

0.6%

7:00pm

USD

Advance GDP
Price Index q/q

2.1%

1.4%

7:00pm

USD

Durable Goods
Orders m/m

2.7%

-4.5%

8:30pm

8:30pm

Market Updates
MCX
Date
24-01-17
GOLD
SILVER
COPPER
CRUDE
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS

28725
41714
407.70
3644
127.20
163.10
667.90
192.05
227.60

Date
25-0117
28385
41193
406.95
3629
124.85
162.75
659.80
190.00
226.80

COMEX

Date
25-01-17
1196.05
16.918
53.21
2.719
100.10

% Chg

GOLD
SILVER
CRUDE
COPPER
$ INDEX

Date
24-01-17
1197.80
16.980
52.75
2.710
99.91

USDINR

68.1800

68.0800

-0.15%

-1.18%
-1.26%
-0.17%
-0.41%
-1.89%
-0.31%
-1.08%
-1.09%
-0.35%

-0.14%
-0.37%
+0.87%
+0.33%
+0.19%

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity
Entry
Exit
P/L
25/1

NICKEL

Multibagger
Date Commodity Entry
Exit
25/1 ZINC
Trifid special
Date Commodity Entry
Exit
25/1 GOLD
28700 28500
For our next calls click here..

Revised UoM
Consumer
98.2
98.1
Sentiment
Revised UoM
USD
Inflation
2.6%
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| Email id: info@trifidresearch.com | Toll Free: 1800-270-1410
Expectations
USD

% Chg

P/L
P/L
20000

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

28700
1210

28500
1195

28900
1220

29100
1235

SILVER

Gold showed sideway to bearish movement and found

the important support level of 28350. Now if it will sustain
below the important support level of 28350 then 28000
will act as next support level. On the other hand 28500
will act as a major resistance level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

41500
17.00

41000
16.80

42000
17.25

42500
17.50

Silver showed bearish movement and found the

important support level of 40850. Now if it will sustain
below 40800 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

3600

3550

3675

3725

COMEX

52.50

52.00

53.50

54.50

Crude showed sideways movement and found the

important resistance level of 3660. Now if it will close
above the important resistance level of 3670 then 3725
will act as next resistance level. On the other hand 3600
will act as a major support level.
.
COMEX COPPER

COPPER

PIVOTS

S1

S2

R1

R2

MCX

405

400

410

415

COMEX

2.6900

2.6700

2.7250

2.7450

Copper showed bullish movement and found the

important resistance level of 409.50. Now if it will close
below the important support level of 405 then 400 will
act as next support level. On the other hand 410 will act
as a major resistance level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

122

120

127

130

6877

1709

Bearish

LEAD

160

158

165

168

15530

2454

Bearish

NICKEL

650

630

680

700

39980

22687

Bearish

ZINC

187

185

192

195

20378

4276

Bearish

NATURAL GAS

222

218

228

232

16291

2772

Bearish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
Bank Holiday NO LME
DATA TODAY
COMMODITIES
19/01/2017
20/01/2017

23/01/2017

24/01/2017

25/01/2017

ALUMINIUM

-175

-1750

-750

-4550

+5350

COPPER

-1950

+400

-750

-2500

-1125

LEAD

-425

+2400

-200

-250

-475

NICKEL

-228

+978

+36

+3534

+50

ZINC

-2775

-2500

-1850

-2475

-3675

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Agri Commodity Updates

GUARSEED
Guarseed found the important support level of 3300
and showed sideways to bearish 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 3360 then
3400 will act as next resistance level.
PIVOTS

S1

S2

R1

R2

3300

3260

3360

3400

JEERA
Jeera showed bearish movement today and found
the resistance level of 18365. If prices sustain below
18100 levels in next trading session then this
bearish momentum can take prices to 17800 levels.
If it breaks the resistance level of 18400 then 18600
will act as next resistance level.

PIVOTS

S1

S2

R1

R2

18100

17800

18400

18600

SOYABEAN
Soyabean found the important support level of 3050
and showed bearish movement. If prices sustain
below 3050 level in next trading session then this
bearish momentum can take prices to 3020 level. If
it breaks the resistance level of 3080 then 3110 will
act as next resistance level.

PIVOTS

S1

S2

R1

R2

3050

3020

3080

3110

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Intraday Super Star

(Premium Section)

CALL: BUY COPPER ABOVE 408 TARGETS 412/416 SL 402.

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Multibagger Call
(Premium Section)

CALL: BUY ZINC ABOVE 190.60 TARGETS 192.20/194 SL 187.50.

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Trifid Special
(Premium Section)

CALL: SELL GOLD BELOW 28350 TARGETS 28250/28150 SL 28510.

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