Daily Market Reflection

18th May 2017

-
Market Outlook COMDEX
Gold prices added to overnight gains on Wednesday, touching the
highest level in two weeks as markets become increasingly
worried about political turmoil involving U.S. President Donald
Trump. The precious metal is sensitive to moves in U.S. rates,
which lift the opportunity cost of holding non-yielding assets such
as bullion. A gradual path to higher rates is seen as less of a
threat to gold prices than a swift series of increases. Oil prices
edged lower on Wednesday, moving further away from the
strongest level in more than three weeks after industry data Market Updates
overnight showed a surprise increase in U.S. oil stockpiles. MCX Date Date % Chg
16-05-17 17-05-
17
Fundamental News GOLD 28094 28619 +1.86%
The U.S. dollar index, which measures the greenbacks strength SILVER 38744 39199 +1.17%
against a trade-weighted basket of six major currencies, COPPER 362.45 363.15 +0.19%
weakened for a sixth straight day, falling around 0.2% to 97.86. CRUDE 3123 3156 +1.05%
ALUMINIUM 123.45 123.70 +0.20%
As oilfield workers for Lilis Energy Inc threaded together drill pipes LEAD 133.45 135.45 +1.49%
one recent morning in the Permian Basin, a bulldozer cleared NICKEL 585.60 585.40 -0.03%
sagebrush to make way for the company's fifth well since January. ZINC 163.05 164.35 +0.79%
NATURALGAS 206.30 204.70 -0.77%
COMEX Date Date % Chg
16-05-17 17-05-17
GOLD 1236.40 1259.35 +1.86%
Important Data SILVER 16.747 16.950 +1.21%
CRUDE 48.66 49.13 +0.95%
COPPER 2.551 2.548 -0.10%
Time Currency Event Foreca Previous
$ INDEX 98.10 97.45 -0.66%
st
USDINR 64.1900 64.2525 +0.10%
2:00pm GBP Retail Sales m/m 1.2% -1.8%

Unemployment OUR PREVIOUS CALLS UPDATE

6:00pm USD 240K 236K Intraday super star
Claims
Date Commodity Entry Exit P/L
Philly Fed
6:00pm USD 19.9 22.0 15/0 NICKEL - - -
Manufacturing Index
5
CB Leading Index Multibagger
7:30pm USD 0.4% 0.4%
m/m Date Commodity Entry Exit P/L
16/0 LEAD - - -
Natural Gas Storage 5
8:00pm USD 61B 45B
Trifid special
Date CommodityEntry Exit P/L
ECB President Draghi
10:30pm EUR 9/05 GOLD 28000 28150
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 Gold and Silver

GOLD COMEX GOLD

Gold showed bullish movement and broke the important

resistance level of 28200. Now if it will close above the
PIVOT S1 S2 R1 R2
S important resistance level then 28700 will act as next
MCX 28100 27900 28700 28900 resistance level. On the other hand 28100 will act as a
COME 1240 1230 1265 1275 major support level.

SILVER COMEX SILVER

Silver showed bullish movement and found the important

PIVOTS S1 S2 R1 R2 resistance level of 39400. Now if it will close above the
important resistance level of 39400 then 39700 will act
MCX 39000 38700 39400 39700
as next resistance level. On the other hand 39000 will
COMEX 16.70 16.50 17.00 17.20
act as a major support level.

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 Crude and Copper

CRUDE COMEX CRUDE

Crude showed sideways movement and find the

PIVOTS S1 S2 R1 R2 important support level of 3110. Now if it will close
below the important support level of 3110 then 3060 will
MCX 3110 3060 3180 3230
act as next support level. On the other hand 3180 will
COMEX 48.55 47.55 49.55 50.55
act as a major resistance level.

COPPER COMEX COPPER

Copper showed sideways movement and find the

important resistance level of 366. Now if it will close
PIVOTS S1 S2 R1 R2
above the important resistance level of 366 then 371
MCX 359 354 366 371 will act as next resistance level. On the other hand 359
COMEX 2.5250 2.4650 2.5435 2.5935 will act as a major support level.

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 Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND

S

ALUMINIUM 120 118 124 126 4643 2453 Bullish

LEAD 131 129 137 139 11935 2586 Bearish

NICKEL 580 560 600 615 29746 38895 Bearish

ZINC 160 158 167 169 16537 3596 Bearish

NATURAL GAS 200 196 210 215 52393 4722 Bearish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
COMMODITIES Bank Holiday NO LME
11/05/2017 DATA TODAY
12/05/2017 15/05/2017 16/05/2017 17/05/2017

ALUMINIUM -5775 -8650 -11125 -8750 -9475

COPPER -2475 -7350 -4225 -2650 +17199

LEAD -650 +4825 +4825 +100 +550

NICKEL +456 -1224 -972 +100 +90

ZINC +475 -2050 +1075 +3075 -1600

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 Agri Commodity Updates

GUARSEED
Guarseed showed bearish movement and found the
important support level of 3600. If prices sustains
below 3600 level in next trading session then this
momentum can take prices to 3550 level. If it breaks
the resistance level of 3675 then 3750 will act as
next resistance level.

PIVOTS S1 S2 R1 R2

3600 3550 3675 3750

JEERA
Jeera showed bearish movement today and found
the support level of 17800. If prices sustain below
17850 levels in next trading session then this
momentum can take prices to 17500 levels. If it
breaks the resistance level of 18200 then 18500 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

17800 17500 18200 18500

SOYABEAN
Soyabean showed bearish movement and found the
important support level of 2790. If prices sustain
below 2790 level in next trading session then this
bearish momentum can take prices to 2750 level. If
it breaks the resistance level of 2860 then 2900 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

2790 2750 2860 2900

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 Intraday Super Star
(Premium Section)

CALL: SELL NICKEL BELOW 586 TARGETS 576/566 SL 601

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 Multibagger Call
(Premium Section)

CALL: SELL LEAD BELOW 133 TARGETS 132/131 SL 134.20

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 Trifid Special
(Premium Section)

CALL: SELL NATURAL GAS BELOW 203 TARGETS 200/197 SL 208

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