Daily Market Reflection

9th March 2017

Market Outlook COMDEX

Gold prices dropped to a five-week low during European
morning hours on Wednesday, as traders bet on a strong
likelihood the Federal Reserve will raise rates at its upcoming
policy meeting next week. Oil dropped further below $56 a
barrel on Wednesday after an industry report pointed to a large
rise in crude inventories in the United States, renewing
oversupply concerns despite OPEC output curbs. Base metal
prices were steady with a downside bias moving off yesterdays
lows but struggling against a backdrop of weaker Chinese data.
Market Updates
MCX Date Date % Chg
Fundamental News 7-03-17 8-03-17
GOLD 28721 28650 -0.35%
The precious metal is sensitive to moves in U.S. rates, which lift SILVER 41920 41485 -1.09%
the opportunity cost of holding non-yielding assets such as COPPER 386.70 385.65 -0.30%
CRUDE 3557 3417 -3.96%
bullion, while boosting the dollar in which it is priced. Investors
ALUMINIUM 125.20 125.05 -0.16%
are now awaiting Friday's nonfarm payrolls report for further
LEAD 149.05 150.20 +0.81%
clues on the likely pace of hikes this year. NICKEL 712.50 680.90 -4.22%
ZINC 179.30 180.15 +0.42%
U.S. crude supplies have continued to rise despite a supply cut
NATURALGAS 189.40 196.80 +3.96%
that started on Jan. 1 by the Organization of the Petroleum
Exporting Countries plus Russia and other non-members. Data COMEX Date Date % Chg
7-03-17 8-03-17
has suggested high compliance with the deal.
GOLD 1216.10 1208.75 -0.60%
SILVER 17.536 17.273 -1.50%
CRUDE 53.14 51.32 -3.39%
Important Data COPPER 2.619 2.606 -0.48%
$ INDEX 101.81 102.11 +0.29%
Time Currency Event Forecas Previou
t s USDINR 66.8450 66.8900 +0.07%

Challenger Job
6:00pm USD -38.8%
Cuts y/y
OUR PREVIOUS CALLS UPDATE
6:15pm EUR Minimum Bid Rate 0.00% 0.00% Intraday super star
Date Commodity Entry Exit P/L
7:00pm CAD NHPI m/m 0.1% 7/3 GOLD 28950 28750 20000
Multibagger
Unemployment Date Commodity Entry Exit P/L
7:00pm USD 239K 223K
Claims 7/3 NATURAL G. - - -
Trifid special
7:00pm USD Import Prices m/m 0.1% 0.4% Date Commodity Entry Exit P/L
7/3 ZINC 181.40 179.40 10000
Natural Gas For our next calls click here..
9:00pm USD -59B 7B
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 Gold and Silver

GOLD COMEX GOLD

Gold showed bearish movement and found the important

support level of 28580. Now if it will sustain below the
PIVOT S1 S2 R1 R2
S important support level of 28500 then 28300 will act as
MCX 28500 28300 28750 29000 next support level. On the other hand 28750 will act as a
COME 1205 1190 1217 1230 major resistance level.

SILVER COMEX SILVER

Silver showed sideways movement and found the

PIVOTS S1 S2 R1 R2 important support level of 41450. Now if it will sustain
below 41400 then 41000 will act as next support level.
MCX 41400 41000 41800 42300
On the other hand 41800 will act as a major resistance
COMEX 17.14 17.00 17.45 17.60
level.

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 Crude and Copper

CRUDE COMEX CRUDE

Crude showed sideways to bearish movement and

PIVOTS S1 S2 R1 R2 found the important support level of 3480. Now if it will
close above the important resistance level of 3540 then
MCX 3450 3400 3550 3600
3600 will act as next resistance level. On the other hand
COMEX 52.80 52.40 53.50 54.00
3450 will act as a major support level.

.
COPPER COMEX COPPER

Copper showed sideways to bearish movement and

found the important support level of 385. Now if it will
PIVOTS S1 S2 R1 R2
close below the important support level of 385 then 380
MCX 385 390 390 395 will act as next support level. On the other hand 390 will
COMEX 2.5800 2.5600 2.6100 2.6300 act as a major resistance level.

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 Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND

S

ALUMINIUM 123 121 127 130 5767 2438 Bearish

LEAD 147 145 152 155 14002 2013 Bullish

NICKEL 670 650 690 710 49623 23985 Bearish

ZINC 178 175 182 185 20488 4912 Bullish

NATURAL GAS 193 190 198 200 54650 6165 Bullish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
COMMODITIES Bank Holiday NO LME
2/03/2017 DATA TODAY
3/03/2017 6/03/2017 7/03/2017 8/03/2017

ALUMINIUM -7625 -19850 -19400 -23650 -16325

COPPER -725 -3575 +38825 +26725 +26550

LEAD +300 -150 -25 -25 +325

NICKEL +666 -714 -450 +3816 +5022

ZINC -25 -1025 +3400 -425 -2175

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 Agri Commodity Updates

GUARSEED
Guarseed found the important resistance level of
4010 and showed bullish movement. If prices
sustains below 3860 level in next trading session
then this bearish momentum can take prices to 3800
level. If it breaks the resistance level of 3950 then
4000 will act as next resistance level.

PIVOTS S1 S2 R1 R2

3840 3800 3950 4000

JEERA
Jeera showed bullish movement today and found
the resistance level of 17100. If prices sustain below
16750 levels in next trading session then this
bearish momentum can take prices to 16500 levels.
If it breaks the resistance level of 17100 then 17300
will act as next resistance level.

PIVOTS S1 S2 R1 R2

16700 16500 17100 17300

SOYABEAN
Soyabean showed bearish movement and found the
important support level of 2870. If prices sustain
below 2870 level in next trading session then this
bearish momentum can take prices to 2830 level. If
it breaks the resistance level of 2940 then 2980 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

2870 2850 2940 2980

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 Intraday Super Star
(Premium Section)

CALL: SELL COPPER BELOW 385 TARGETS 382/379 SL 391.

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 Multibagger Call
(Premium Section)

CALL: SELL ZINC BELOW 179.80 TARGETS 178.80/177.80 SL 181.50.

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 Trifid Special
(Premium Section)

CALL: SELL SILVER BELOW 41400 TARGETS 41000/40600 SL 42000.

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