Daily Market Reflection

17thApril 2017

Market Outlook COMDEX

Gold prices traded higher on Thursday, as investors continued to
back the precious metal amid geopolitical concerns while mostly
upbeat economic data failed to weigh on sentiment. Crude settled
higher on Thursday, after the International Energy Agency (IEA)
said the oil demand and supply imbalance was close to
breakeven, after several developed countries reined in
production. The base metals have been on a back footing with
prices pulling back to test support levels, many of which have
given way, this has especially been the case in zinc and copper Market Updates
where prices fell to levels not seen since early-January. MCX Date Date % Chg
12-04-17 13-04-
17
Fundamental News GOLD 29215 29418 +0.65%
SILVER 42236 42596 +0.93%
The dollar received a boost after data showing that the number
COPPER 363.70 366.20 +0.67%
of Americans filing for unemployment benefits unexpectedly fell
CRUDE 3446 3423 -0.61%
last week, suggesting that the labor market remains firm. ALUMINIUM 122.35 123.20 +0.69%
LEAD 145.35 144.75 -0.48%
The EIAs report also showed that U.S. crude production last
NICKEL 628.30 626.20 -0.35%
week increased by 36,000 barrels per day to a total of 9.235 ZINC 167.85 168.70 +0.36%
million barrels a day. In its short-term outlook report released NATURALGAS 206.50 207.20 +0.24%
Monday, the EIA said it expects to see record U.S. oil production
COMEX Date Date % Chg
in 2018. 12-04-17 13-04-17
GOLD 1278.10 1289.45 +0.89%
Important Data SILVER 18.300 18.540 +1.31%
CRUDE 53.11 52.89 -0.41%
COPPER 2.567 2.567 -
Time Currency Event Forecast Previou $ INDEX 100.49 100.49 -
s
USDINR 64.7725 64.5200 -0.39%

7:30am CNY GDP q/y 6.8%

OUR PREVIOUS CALLS UPDATE
Industrial Production Intraday super star
7:30am CNY 6.3%
y/y Date Commodity Entry Exit P/L
11:45a BOJ Gov Kuroda 12/0 COPPER - - -
JPY
m Speaks 4
Empire State Multibagger
6:00pm USD Manufacturing Index 16.4 Date Commodity Entry Exit P/L
13/0 GOLD 29300 29400 10000
NAHB Housing 4
7:30pm USD 71
Market Index Trifid special
Date Commodity Entry Exit P/L
All Day GBP Bank Holiday
12/0 NICKEL - - -
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 Gold and Silver

GOLD COMEX GOLD

Gold showed bullish movement and found the important

resistance level of 29433. Now if it will close above the
PIVOT S1 S2 R1 R2
S important resistance level of 29500 then 29700 will act
MCX 29000 28800 29500 29700 as next resistance level. On the other hand 29000 will
COME 1275 1260 1300 1310 act as a major support level.

SILVER COMEX SILVER

Silver showed bullish movement and found the important

PIVOTS S1 S2 R1 R2 resistance level of 42694. Now if it will close above the
important resistance level of 42700 then 43000 will act
MCX 42000 41500 42700 43000
as next resistance level. On the other hand 42000 will
COMEX 18.00 17.80 18.90 19.30
act as a major support level.

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 Crude and Copper

CRUDE COMEX CRUDE

Crude showed sideways to bearish movement and

PIVOTS S1 S2 R1 R2 found the important support level of 3410. Now if it will
close below the important support level of 3400 then
MCX 3400 3370 3450 3500
3370 will act as next support level. On the other hand
COMEX 52.70 52.00 53.50 54.00
3500 will act as a major resistance level.

COPPER COMEX COPPER

Copper showed bullish movement and found the

important resistance level of 368.20. Now if it will close
PIVOTS S1 S2 R1 R2
above the important resistance level of 370 then 375
MCX 361 355 370 375 will act as next resistance level. On the other hand 360
COMEX 2.5250 2.4360 2.5900 2.6800 will act as a major support level.

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 Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND

S

ALUMINIUM 121 119 125 127 5412 1727 Bearish

LEAD 143 140 147 150 13068 2019 Bearish

NICKEL 620 610 640 650 29481 36040 Bearish

ZINC 165 163 170 172 26540 5014 Bullish

NATURAL GAS 200 195 211 216 51692 6641 Bullish

LME INVENTORY
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Due to Summer
COMMODITIES Bank Holiday NO LME
7/04/2017 DATA TODAY
10/04/2017 11/04/2017 12/04/2017 13/04/2017

ALUMINIUM -18750 -15500 -14275 -13575 -15500

COPPER -5225 +1250 -6900 -850 -1625

LEAD -2775 -1275 -900 -1025 -1025

NICKEL -864 -1170 -3660 -1194 -240

ZINC -1050 -800 -700 -1850 -2200

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 Agri Commodity Updates

GUARSEED
Guarseed showed bullish movement and found the
important resistance level of 4130. If prices sustains
above 4130 level in next trading session then this
momentum can take prices to 4230 level. If it breaks
the support level of 4050 then 3950 will act as next
support level.

PIVOTS S1 S2 R1 R2

4050 3950 4130 4230

JEERA
Jeera showed bearish movement today and found
the support level of 18900. If prices sustain below
18900 levels in next trading session then this
momentum can take prices to 18600 levels. If it
breaks the resistance level of 19100 then 19400 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

18900 18600 19100 19400

SOYABEAN
Soyabean showed bullish movement and found the
important resistance level of 3010. If prices sustain
above 3010 level in next trading session then this
bullish momentum can take prices to 3080 level. If it
breaks the support level of 2950 then 2880 will act
as next support level.

PIVOTS S1 S2 R1 R2

2950 2880 3010 3080

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 Intraday Super Star
(Premium Section)

CALL: SELL COPPER BELOW 363 TARGETS 360/357 SL 367.

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 Multibagger Call
(Premium Section)

CALL: BUY SILVER ABOVE 42700 TARGETS 43000/43300 SL 42300.

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 Trifid Special
(Premium Section)

CALL: SELL NICKEL BELOW 632 TARGETS 622/612 SL 646.

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