Daily Market Reflection

21st June 2017

-
Market Outlook COMDEX
Gold prices stayed near the lowest level in around five weeks on
Tuesday, as hawkish remarks made by an influential Federal
Reserve official reinforced expectations for the Fed to keep
raising interest rates. Oil prices sank to the lowest level since
November on Tuesday, as concerns over a glut in the market
continued to batter sentiment. Oil prices lost around 1% on
Monday as concerns over a steady increase in U.S. production
added to fears over a glut in the market. The slide in aluminium
prices appears to have halted with prices rebounding off a Market Updates
support line that was breached on Friday and copper prices are MCX Date Date % Chg
consolidating too. 19-06-17 20-06-
17
Fundamental News GOLD 28542 28526 -0.06%
The move lower in gold prices on Monday comes fresh on the SILVER 38169 38065 -0.27%
heels of a two-week losing streak, as the precious metal has COPPER 368.90 365.20 -1.00%
remained under pressure since the Federal Reserve hiked rates CRUDE 2861 2813 -2.87%
last Wednesday, leaving the door open for an additional rate this ALUMINIUM 121.40 121.45 +0.04%
year. LEAD 137 136.55 -0.33%
NICKEL 580.10 572.20 -.36%
U.S. drillers last week added rigs for the 22nd week in a row, ZINC 165 164.90 -0.06%
according to data from energy services company Baker Hughes, NATURALGAS 187.80 188.10 +0.16%
implying that further gains in domestic production are ahead. COMEX Date Date % Chg
19-06-17 20-06-17
Important Data GOLD 1246.70 1244.10 -0.22%
SILVER 16.502 16.424 -0.48%
Time Currenc Event Forecast Previous CRUDE 44.43 43.36 -2.45%
y COPPER 2.590 2.559 -1.18%
$ INDEX 97.23 97.48 +0.26%
Public Sector Net USDINR 64.4900 64.5700 +0.12%
2:00pm GBP 7.3B 9.6B
Borrowing

German 30-y Bond

Tentative EUR 1.24|2.3
Auction OUR PREVIOUS CALLS UPDATE
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4:30pm GBP Date Commodity Entry Exit P/L
Haldane Speaks
20/0 LEAD - - -
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Existing Home Date Commodity Entry Exit P/L
7:30pm USD 5.54M 5.57M 20/0 NG. - - -
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8:00pm USD -1.2M -1.7M Date Commodity Entry Exit P/L
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 Gold and Silver

GOLD COMEX GOLD

Gold showed bearish movement and found the important

support level of 28487. Now if it will close below the
PIVOT S1 S2 R1 R2
S important support level of 28400 then 28150 will act as
MCX 28400 28150 28700 29000 next support level. On the other hand 29000 will act as a
COME 1240 1235 1255 1260 major resistance level.

SILVER COMEX SILVER

Silver showed bearish movement and found the

PIVOTS S1 S2 R1 R2 important support level of 37931. Now if it will close
below the important support level of 37900 then 37500
MCX 37900 37500 38500 39000
will act as next support level. On the other hand 39000
COMEX 16.35 16.20 16.60 16.70
will act as a major resistance level.

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 Crude and Copper

CRUDE COMEX CRUDE

Crude showed bearish movement and found the

PIVOTS S1 S2 R1 R2 important support level of 2791. Now if it will close
below the important support level of 2785 then 2750 will
MCX 2785 2750 2850 2900
act as next support level. On the other hand 2850 will
COMEX 42.00 40.00 45.00 47.50
act as a major resistance level.

COPPER COMEX COPPER

Copper showed bearish movement and found the

important support level of 363.70. Now if it will close
PIVOTS S1 S2 R1 R2
below the important support level of 362 then 358 will
MCX 362 358 372 378 act as next support level. On the other hand 378 will act
COMEX 2.5300 2.5000 2.5670 2.5900 as a major resistance level.

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 Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND

S

ALUMINIUM 120 118 123 125 5589 1980 Bullish

LEAD 135 133 138 140 12794 2062 Bearish

NICKEL 565 550 585 600 27889 41119 Bearish

ZINC 162 160 166 168 21729 4835 Bearish

NATURAL GAS 186 184 190 195 36849 6136 Bearish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
COMMODITIES Bank Holiday NO LME
14/06/2017 DATA TODAY
15/06/2017 16/06/2017 19/06/2017 20/06/2017

ALUMINIUM -6525 -1900 -3300 -7100 -6400

COPPER -3225 -4215 -50 -3275 -3100

LEAD -200 -75 -725 -925 -600

NICKEL +630 +534 -35 +522 +522

ZINC -2475 -1800 -2125 -2125 -5350

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 Agri Commodity Updates

GUARSEED
Guarseed showed bearish movement and found the
important support level of 3360. If prices sustains
below 3350 level in next trading session then this
momentum can take prices to 3300 level. If it breaks
the resistance level of 3450 then 3500 will act as
next resistance level.

PIVOTS S1 S2 R1 R2

3350 3300 3450 3500

JEERA
Jeera showed bearish movement today and found
the support level of 18700. If prices sustain below
18600 levels in next trading session then this
momentum can take prices to 18400 levels. If it
breaks the resistance level of 19000 then 19300 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

18600 18400 19000 19300

SOYABEAN
Soyabean showed sideways movement and found
the important support level of 2810. If prices sustain
below 2800 level in next trading session then this
bearish momentum can take prices to 2760 level. If
it breaks the resistance level of 2850 then 2890 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

2800 2740 2850 2900

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 Intraday Super Star
(Premium Section)

CALL: BUY LEAD ABOVE 137.50 TARGETS 138.50/139.50 SL 136.

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 Multibagger Call
(Premium Section)

CALL: SELL NATURAL GAS BELOW 186 TARGETS 183/180 SL 190.

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 Trifid Special
(Premium Section)

CALL: SELL GOLD BELOW 28500 TARGETS 28400/28300 SL 28650.

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