Daily Market Reflection

1st September 2017

27842 -
Market Outlook COMDEX
Gold prices retreated further from their highest level in 11 months
on Thursday, as market players looked ahead to a key batch of
U.S. economic data to gauge the strength of the world's largest
economy and how it will impact the Federal Reserve's view on
monetary policy. Crude oil prices were narrowly mixed in Asia on
Thursday as sentiment was underpinned regionally by China's
official manufacturing PMI, though the market is now largely
driven by the stoppages and damaged caused by Hurricane
Harvey along the U.S. Gulf Coast. Most of the base metals Market Updates
prices are in upward trends, with prices consolidating in high MCX Date Date % Chg
ground, lead and tin are the two that are still somewhat below 30-08-17 31-08-
their high ground. 17
GOLD 29533 29745 +0.64%
Fundamental News SILVER 39681 39798 +0.19%
COPPER 432.65 434.40 +0.43%
Gold ended lower on Wednesday as upbeat U.S. economic data
CRUDE 2958 3038 +2.74%
and a stronger dollar prompted prices to snap a three-session
ALUMINIUM 132.75 135.55 +1.69%
streak of gains. LEAD 150.75 152.90 +0.72%
NICKEL 738.10 754.80 +1.59%
Tropical Storm Harvey's effect on the energy industry has spread ZINC 197.15 201.85 +2.31%
beyond flooding U.S. refiners as fuel pipelines also shut, NATURALGAS 189.20 194.80 +3.12%
threatening a supply squeeze across the nation and stirring up COMEX Date Date % Chg
world markets as U.S. retail fuel prices rose further. 30-08-17 31-08-17
GOLD 1314.10 1323.32 +0.70%
Important Data SILVER 17.404 17.526 +0.70%
CRUDE 45.96 47.24 +2.83%
Time Currenc Event Forecast Previous COPPER 3.087 3.107 +0.65%
y $ INDEX 92.84 92.73 -0.12%
USDINR 64.1850 64.0775 -0.17%
2:00pm GBP Manufacturing PMI 55.0 55.1

Average Hourly OUR PREVIOUS CALLS UPDATE

6:00pm USD 0.2% 0.3%
Earnings m/m Intraday super star
Non-Farm Date Commodity Entry Exit P/L
6:00pm USD Employment 180K 209K
28/0 ZINC - - -
Change 8
Multibagger
6:00pm USD Unemployment Rate 4.3% 4.3% Date Commodity Entry Exit P/L
31/0 ALUMINIUM 133.50 135.50 +1000
ISM Manufacturing 8 0
7:30pm USD 56.5 56.3 Trifid special
PMI
Date Commodity Entry Exit P/L
Revised UoM 31/0 CRUDE - - -
7:30pm www.trifidresearch.com
USD Consumer| Email id:97.4
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 Gold and Silver

GOLD COMEX GOLD

Gold showed bullish movement and found the important

resistance level of 29740. Now if it will close above the
PIVOT S1 S2 R1 R2
S important resistance level of 29800 then 30000 will act
MCX 29400 29000 29800 30000 as next resistance level. On the other hand 29000 will
COME 1310 1300 1320 1325 act as a major support level.

SILVER COMEX SILVER

Silver showed sideways to bearish movement and found

PIVOTS S1 S2 R1 R2 the important support level of 39435. Now if it will close
below the important support level of 39400 then 39000
MCX 39400 39000 40000 40300
will act as next support level. On the other hand 40300
COMEX 17.35 17.20 17.60 17.75
will act as a major resistance level.

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 Crude and Copper

CRUDE COMEX CRUDE

Crude showed bullish movement and found the

PIVOTS S1 S2 R1 R2 important resistance level of 3036. Now if it will close
above the important resistance level of 3050 then 3100
MCX 2990 2935 3050 3100
will act as next resistance level. On the other hand 2935
COMEX 45.00 43.00 48.00 50.00
will act as a major support level.

COPPER COMEX COPPER

Copper showed sideways to bullish movement and

found the important resistance level of 444.70. Now if it
PIVOTS S1 S2 R1 R2
will close above the important resistance level of 445
MCX 435 430 445 450 then 450 will act as next resistance level. On the other
COMEX 3.0400 3.0000 3.1000 3.1300 hand 430 will act as a major support level.

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 Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND

S

ALUMINIUM 133 131 137 139 8501 5628 Bullish

LEAD 151.50 150 155 157 8970 1828 Bullish

NICKEL 740 725 760 775 26932 10262 Bullish

ZINC 200 198 203 205 25052 9093 Bullish

NATURAL 190 187 198 200 53297 4218 Bullish

GAS

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
COMMODITIES Bank Holiday NO LME
24/08/2017 DATA TODAY
25/08/2017 29/08/2017 30/08/2017 31/08/2017

ALUMINIUM +5750 +7125 +2950 -225 -1175

COPPER -4475 -4225 -7800 -9975 +5400

LEAD +1000 -50 +500 -25 -25

NICKEL -774 +2250 +990 -1890 +2604

ZINC -125 -200 -175 -775 -12000

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 Agri Commodity Updates

GUARSEED
Guarseed showed sideways movement and found
the important resistance level of 3950. If prices
sustains below 3950 level in next trading session
then this momentum can take prices to 3900 level. If
it breaks the resistance level of 4050 then 4100 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

3950 3900 4050 4100

JEERA
Jeera showed bearish movement today and found
the resistance level of 20000. If prices sustain below
19700 levels in next trading session then this
momentum can take prices to 19400 levels. If it
breaks the resistance level of 20000 then 20200 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

19700 19400 19900 20200

SOYABEAN
Soyabean showed bearish movement and found the
important support level of 3050. If prices sustain
below 3050 level in next trading session then this
bearish momentum can take prices to 3010 level. If
it breaks the resistance level of 3125 then 3175 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

3050 3010 3125 3175

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 Intraday Super Star
(Premium Section)

CALL: BUY ZINC ABOVE 203 TARGETS 204/205 SL 201.50

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 Multibagger Call
(Premium Section)

CALL: BUY ALUMINIUM ABOVE 136 TARGETS 137/138 SL 134.50

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 Trifid Special
(Premium Section)

CALL: BUY GOLD ABOVE 29770 TARGETS 29870/29970 SL 29620.

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