Daily Market Reflection

28 th July 2016
Market Outlook

COMDEX

Precious metals showed positive moment and silver was more

bullish as compared to gold. In the morning session both
precious metals were weak but after the US data of Core
Durable Goods Orders both showed bullish movement.
Investors are waiting for todays Federal Funds Rate meeting. If
they will hike the rate bearishness can be seen as interest rate
yield would be higher and gold would not be a safe heaven.
Crude showed bearish movement and continue to made new
lows. Selling would be profitable strategy in Crude.
Fundamental News
Fundamental Factors
Gold steadied near $1,325 an ounce on Wednesday as traders
awaited the outcome of a two-day Federal Reserve policy
meeting later, which will be closely watched for any clues on the
scale and pace of interest rate hikes this year.
Base metal weakened at the non-ferrous metal market today
largely in tune with subdued global trend amid slackened
demand at the domestic spot markets.

Important Data
Time

Currenc
y

Event

Foreca
st

Previou
s

11:30am

GBP

Nationwide HPI
m/m

0.0%

0.2%

All Day

EUR

German Prelim CPI

m/m

0.2%

0.1%

12:30pm

EUR

20.5%

21.0%

1:25pm

EUR

-3K

-6K

6:00pm

USD

261K

253K

8:00pm

USD

29B

34B

Spanish
Unemployment
Rate
German
Unemployment
Change
Unemployment
Claims
Natural Gas
Storage

Market Updates
MCX
Date
26-07-16
GOLD
SILVER
COPPER

30912
46404
332.95

Date
27-0716
30986
47019
326.10

% Chg

CRUDE
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS
COMEX

2831
106.45
120.10
694
145.55
180.80
Date
27-07-16
1334.60
19.998
41.91
2.185
67.2500

-2.34%
-0.56%
-2.36%
-0.36%
-3.16%
-0.93%
% Chg

GOLD
SILVER
CRUDE
COPPER
USDINR

2903
106.95
123.05
694.70
150.25
183.20
Date
26-07-16
1328.30
19.683
42.92
2.226
67.2800

$ INDEX

97.17

97.31

+0.14%

0.17%
+1.30%
-2.12%

+0.47%
+1.60%
-2.35%
-1.82%
-0.04%

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity Entry
Exit
P/L
27/0 ALUMINIUM 106.80 106.10
7
Multibagger
Date Commodity Entry
Exit
27/0 ZINC
149.75 147.75
7
Trifid special
Date Commodity Entry
Exit
27/0 GOLD
30910 31010
7
For our next calls click here..

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3500

P/L
10000

P/L
10000

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

30850
1320

30750
1315

31050
1332

31150
1338

SILVER

Gold showed sideways movement in morning session

but after US data it bounce towards the resistance level
of 31000. Now if it will close below the important support
level of 30800 then 30600 will act as next support level.
On higher side 31150 will act as vital resistance level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

46800
19.85

46400
19.65

47350
20.10

47700
20.30

Silver showed bullish movement and gave breakout of

triangle pattern on higher side. Now if it will break the
resistance level of 47500 then 48000 will act as next
resistance level. On lower side 46500 will act as
important support level.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

2820

2780

2855

2900

COMEX

41.80

41.60
50

42.45

43.20

COPPER

Crude oil showed bearish movement and also closed

below its important support level of 2850. Now if it will
sustain below 2800 then 2750 will be next support level.
On the other hand 2925 will act as important resistance
level.
COMEX COPPER

PIVOTS

S1

S2

R1

R2

MCX

325.90

323

329.50

332.25

COMEX

2.1750

2.1650

2.1920

2.2090

Copper showed bearish movement and drag towards the

support level of 327. Now if it will break the support level of
326 then 322 will act as next support level. On the other
hand 331 will act as a major resistance level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

105.90

104.50

107.60

108.50

4670

2795

Bearish

LEAD

118.50

117.20

121.50

123

13119

2257

Bearish

NICKEL

685

670

705

725

38038

8418

Bearish

ZINC

143.20

140.70

148.10

150.20

33286

5600

Bearish

NATURAL GAS

176.50

171

184.60

189.40

51895

5442

Bearish

LME INVENTORY
dasdasdinkjjlfcnl
COMMODITIES
21/07/2016

22/07/2016

25/07/2016

26/07/2016

27/07/2016

ALUMINIUM

+12600

+14950

-5840

+4975

-6000

COPPER

+400

-5657

-1375

-7625

+700

LEAD

-150

+1575

+75

-125

-75

NICKEL

-1656

-186

-1752

+6

+1038

ZINC

-625

-400

-125

-200

-1000

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Agri Commodity Updates

SOYAREF
Soyaref showed bearish movement and closed near
to its support level of 626.60. Now on higher side
632.50 will act as important resistance level above
which it will pull towards the resistance level of 640.
On lower side some correction will take it towards
the support level of 626.
PIVOTS

S1

S2

R1

R2

626

620

632.50

640.50

DHANIYA
Dhaniya showed sideways to bullish movement and
found resistance of 8000. Now on higher side 8010
will act as important resistance level above which it
will pull towards the resistance level of 8200. On
lower side some correction drags it towards the
support level of 7900.

PIVOTS

S1

S2

R1

R2

7900

7800

8010

8100

SOYABEAN
Soyabean showed sideways movement. Now on
lower side 3580 will act as important support level
below which it will drag down towards the support
level of 3500. On higher side some correction pulls
it towards the resistance level of 3660.

PIVOTS

S1

S2

R1

R2

3580

3530

3660

3700

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Intraday Super Star

(Premium Section)

CALL: SELL NICKEL BELOW 687 TARGETS 677/667 SL 702.

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Multibagger Call
(Premium Section)

CALL: SELL COPPER BELOW 326 TARGETS 322/320 SL 331.

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Trifid Special
(Premium Section)

CALL: BUY DHANIYA ABOVE 8050 TARGETS 8150/8250 SL 7950.

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