Daily Market Reflection

21th November 2016

COMDEX

Market Outlook
Gold prices were hovering at a six-month low as a broadly
stronger U.S. dollar continued to dampen demand for the
precious metal. The US dollar strengthens after Fed Chair Janet
Yellen signaling that an interest rate hike is in the offing quite
soon. Bullion may trade lower. Base metals were mostly lower
and may continue to do so. Oil prices fell as a strengthening
U.S. dollar beat back renewed hope that OPEC might finally
agree production cuts. Saudi Arabian Energy Minister Khalid AlFalih's optimistic comments on potential OPEC cuts came
ahead of a meeting of key oil exporters. Crude may trade higher.

Fundamental News
Gold hit its lowest level since late May on Friday as the dollar
surged to a near 14-year high on expectations for a US rate hike
next month and more infrastructures spending from the new
Trump administration.
Oil prices eked out gains despite a stronger dollar and rising
U.S. oil rig count, as hopes that OPEC might agree to limit
production cuts at the end of the month boosted sentiment.
Important Data
Time

Currency

5:20am

JPY

10:00am

JPY

7:00pm
7:30pm
9:00pm
9:30pm

Event

Trade Balance
All Industries
Activity m/m
Wholesale Sales
m/m

Forecas
t

Previou
s

0.41T

0.35T

0.1%

0.2%

Market Updates
MCX
Date
17-11-16
GOLD
SILVER
COPPER
CRUDE
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS

29131
40740
372.70
3166
114.70
146.85
760.20
170.85
184.90

Date
18-1116
28937
40388
371.10
3143
115.35
144.90
740.70
172.80
193.60

COMEX

Date
18-11-16
1207.90
16.550
45.59
2.469
101.41

% Chg

GOLD
SILVER
CRUDE
COPPER
$ INDEX

Date
17-11-16
1216.90
16.772
45.42
2.491
101.00

USDINR

67.9225

68.1750

+0.37%

0.8%

-0.67%
-0.86%
-0.43%
-0.73%
+0.57%
-1.33%
-2.57%
+1.14%
+4.71%

-0.74%
-1.32%
+0.37%
-0.88%
+0.41%

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity
Entry
Exit
P/L

18/1 SOYABEAN
1
CAD
Multibagger
CB Leading Index
Date Commodity Entry
Exit
CNY
1.1%
m/m
18/1 ZINC
1
CB Leading Index
0.0%
Trifid special
AUD
m/m
Date Commodity Entry
Exit
ECB President
18/1 NATURAL G. 189.50 194.40
EUR
Draghi Speaks
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| Toll Free: 1800-270-1410
1
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0.3%

% Chg

P/L
-

P/L
6125

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

28800
1200

28500
1190

29100
1216

29300
1226

SILVER

Gold showed sideways to bearish movement and found

the important support level of 28800. Now if it will close
below the important support level of 28800 then 28500
will act as next support level. On higher side 29250 will
act as vital resistance level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

40000
16.35

39200
16.15

41000
16.80

41700
17.00

Silver showed sideways movement and found the

important support level of 40100. Now if it will close
above the important resistance level of 41000 then
42000 will act as next resistance level. On lower side
40000 will act as vital support level.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

3050

3000

3160

3200

COMEX

45.50

44.80

46.50

47.00

COPPER

Crude showed bullish movement and found the

important resistance of 3160. Now if it will break the
next support level of 3050 then 3000 will act as next key
support level. On the other hand 3200 will act as a
major resistance level; if it breaks the prices could visit
3250 level.
COMEX COPPER

PIVOTS

S1

S2

R1

R2

MCX

365

355

377

387

COMEX

2.4200

2.4000

2.5000

2.5400

Copper showed sideways movement and found the

important resistance level of 375. Now if it will break the
resistance level of 380 then 390 will act as next
resistance level. On the other hand 363 will act as a
major support level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

114.50

113

116

118

4540

2545

Bullish

LEAD

143.50

142

146.30

150

12791

2805

Bearish

NICKEL

730

710

756

780

28512

9919

Bearish

ZINC

171

168.50

174

177

26040

8582

Bullish

NATURAL GAS

189

186

197

201

53403

5669

Bullish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
Bank Holiday NO15/11/2016
LME DATA TODAY
COMMODITIES
14/11/2016

16/11/2016

17/11/2016

18/11/2016

ALUMINIUM

-6400

+61525

-375

+3400

COPPER

-4700

-4100

-6450

+2275

LEAD

+600

-25

NICKEL

+1092

-144

+468

+48

ZINC

-300

-100

-275

-375

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Agri Commodity Updates

GUARSEED
Guarseed showed bullish movement and breached
the important resistance level of 3360. Now if it will
break the support level of 3250 then 3200 will act as
next support level. On the other hand 3375 will act
as a major resistance level.

PIVOTS

S1

S2

R1

R2

3250

3200

3370

3420

JEERA
Jeera showed bullish movement breached to
resistance level of 17400. Now on higher side
17600 will act as important resistance level above
which it will pull towards the resistance level of
17800. On lower side bearish movement drags it
towards the support level of 16800.

PIVOTS

S1

S2

R1

R2

16800

16500

17500

17800

SOYABEAN
Soyabean showed bullish movement and breached
the important resistance level of 3150. Now if it will
break the support level of 3110 then 3085 will act as
next support level. On the other hand 3180 will act
as a major resistance level.

PIVOTS

S1

S2

R1

R2

3110

3080

3150

3180

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Intraday Super Star

(Premium Section)

CALL: BUY SOYABEAN ABOVE 3151 TARGETS 3186/3210 SL 3100.

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Multibagger Call
(Premium Section)

CALL: SELL COPPER BELOW 367.50 TARGETS 363.50/359.50 SL 374.

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Trifid Special
(Premium Section)

CALL: BUY NATURAL GAS ABOVE 192.50 TARGETS 197.50/202.50 SL 185.

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