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Market Outlook
COMDEX
Gold and silver Continuing its upward trend for a second straight
day, gold prices rose around 0.50% as a slightly weaker dollar
and in coming session gold & silver may be trade sideways to
bullish. After a long weekend and slow growth last week, crude
oil prices soared significantly during Tuesdays and Wednesday
trade, supported by the optimism of the production cut deal,
which is likely to begin next week. In addition, oil markets
received solid support from comments of Saudi Arabias Energy
Minister, who said oil prices are likely to improve in FY2017, as
output cuts will rebalance the market. Base metals trade in
negative zone today and we expect base metal price will trade
bearish in next working days.
Fundamental News
Continuing its upward trend for a second straight day, gold
prices rose by another Rs 175 to Rs 28,200 per 10 grams on
positive global cues and increased buying by jewellers.
Oil prices rose for a fourth straight session on Wednesday, with
traders waiting to see if OPEC will make good on its promises to
cut output in the new year.
Important Data
Time
2:30pm
7:00pm
7:00pm
7:00pm
9:00pm
9:30pm
Currency
EUR
USD
Event
Forecas
t
Previou
s
M3 Money Supply
y/y
4.4%
4.4%
Unemployment
Claims
277K
275K
Market Updates
MCX
Date
27-12-16
GOLD
SILVER
COPPER
CRUDE
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS
27160
39187
378.80
3672
118.05
140.05
706.70
173.65
255.10
Date
28-1216
27316
39425
378.90
3708
117.20
137.15
687.80
175.90
262.40
COMEX
Date
27-12-16
1138.50
15.997
54.11
2.501
103.51
% Chg
GOLD
SILVER
CRUDE
COPPER
$ INDEX
Date
26-12-16
1138.80
15.989
53.90
2.516
103.00
USDINR
68.0175
68.2200
+0.30%
Goods Trade
Balance
-61.5B
-61.9B
+0.54%
+0.78%
-0.03%
+0.87%
-0.93%
-2.28%
-2.41%
+0.98%
+2.46%
-0.03%
+0.05%
+0.35%
-0.58%
+0.50%
28/1 CRUDE
2
Multibagger
Prelim Wholesale
Date Commodity Entry
Exit
USD
0.1%
-0.4%
Inventories m/m
28/1 NATURAL G. 257
261
2
Natural Gas
-209B
Trifid special
USD
Storage
Date Commodity Entry
Exit
Crude Oil
2.3M
28/1 GOLD
USD
Inventories
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USD
% Chg
P/L
5000
P/L
-
PIVOT
S
MCX
COME
COMEX GOLD
S1
S2
R1
R2
27100
1130
26800
1120
27300
1142
27500
1152
SILVER
PIVOTS
S1
S2
R1
R2
MCX
COMEX
38700
15.65
38200
15.50
39500
16.05
40000
16.20
COMEX CRUDE
PIVOTS
S1
S2
R1
R2
MCX
3670
3620
3720
3770
COMEX
53.30
52.50
54.20
55.00
COPPER
PIVOTS
S1
S2
R1
R2
MCX
376
370
383
390
COMEX
2.4965
2.4700
2.5350
2.5600
Other Commodities
PIVOT
COMMODITIE
S
S1
S2
R1
R2
VOLUME
OI
TREND
ALUMINIUM
115
113
119
122
3644
2064
Bearish
LEAD
135
133
139
142
15295
2369
Bearish
NICKEL
670
650
700
720
25803
12167
Bearish
ZINC
172
169
178
181
23243
3509
Bullish
NATURAL GAS
255
250
265
270
58767
8542
Bullish
LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
Bank Holiday NO22/12/2016
LME DATA TODAY
COMMODITIES
21/12/2016
23/12/2016
26/12/2016
28/12/2016
ALUMINIUM
+25101
+5025
+10450
+900
+26775
COPPER
-4400
-3825
-1275
-3525
-3425
LEAD
+25
+11700
+50
-200
NICKEL
+95
+95
-144
-222
-162
ZINC
-25
-175
-200
-1275
-350
S1
S2
R1
R2
3180
3150
3250
3280
JEERA
Jeera showed bullish movement today and found
the resistance level of 17600. If prices sustain below
17300 levels in next trading session then this
bearish momentum can take prices to 17000 level.
If it breaks the resistance level of 17600 then 17800
will act as next resistance level.
PIVOTS
S1
S2
R1
R2
17300
17000
17600
17800
SOYABEAN
Soyabean found the important support of 3000 and
showed sideways movement. If prices sustain
below 3010 level in next trading session then this
bearish momentum can take prices to 2980 level. If
it breaks the resistance level of 3060 then 3100 will
act as next resistance level.
PIVOTS
S1
S2
R1
R2
3010
2880
3060
3100
Multibagger Call
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