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Daily Market Reflection

9th December 2016

COMDEX

Market Outlook
Precious metals are trading flat on COMEX today. We expect
prices to trade higher for the day as dollar weakened and US
data gave mixed readings. In Base metals sector, every metal
other than aluminum went down by significant percentages
yesterday. Copper also went down with the swinging effect in
dollar and also somewhat weaker intrinsic fundamentals. On the
MCX, we expect copper and nickel prices to trade lower while
range bound in others. Crude oil prices were under pressure
yesterday after the recent rally, as a slide in oil prices on bearish
U.S. On intraday basis we expect range bound trade in crude
oil.
Fundamental News
Gold retreated into the red on Thursday after the dollar
rebounded on the back of the shock decision by the European
Central Bank to reduce its asset purchases.
Oil prices gave up some early gains to turn lower in Asian trade
on Thursday on mixed U.S. crude stocks data and doubts over
OPEC's implementation of an output cut, although a weaker
dollar put a floor under prices.
Important Data
Time

Currency

Event

Forecas
t

Previou
s

7:00am

CNY

CPI y/y

2.2%

2.1%

7:00am

CNY

PPI y/y

2.2%

1.2%

3:00pm

GBP

-11.9B

-12.7B

8:30pm
8:30pm
8:30pm

USD

USD
USD

Goods Trade
Balance
Prelim UoM
Consumer
Sentiment
Final Wholesale
Inventories m/m
Prelim UoM
Inflation
Expectations

Market Updates
MCX
Date
7-12-16
GOLD
27900
SILVER
41920
COPPER
395.70
CRUDE
3407
ALUMINIUM
116.00
LEAD
155.65
NICKEL
769.30
ZINC
184.40
NATURALGAS 248.60
COMEX

-0.4%

93.8
-0.4%
2.4%

% Chg
-0.57%
-1.25%
-0.77%
+0.97%
+0.56%
-1.29%
-2.20%
-1.79%
-1.12%

Date
8-12-16
1172.95
17.127
50.66
2.625
101.22

% Chg

GOLD
SILVER
CRUDE
COPPER
$ INDEX

Date
7-12-16
1177.50
17.275
49.77
2.644
100.28

USDINR

67.7950

67.4525

-0.51%

-0.39%
-0.88%
+1.77%
-0.72%
+0.94%

OUR PREVIOUS CALLS UPDATE
Intraday super star
Date Commodity
Entry
Exit
P/L
8/12

94.3

Date
8-12-16
27751
41423
392.50
3428
116.60
153.30
751.90
180.85
246.90

SOYABEAN

3100

3070

Multibagger
Date Commodity Entry
Exit
8/12 GOLD
Trifid special
Date Commodity Entry
Exit
8/12 SILVER
For our next calls click here……..

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3000
P/L
P/L
-

Gold and Silver
GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

27700
1160

27500
1150

2800
1180

28250
1190

SILVER

Gold showed bearish movement and found the important
support level of 27760. Now if it will close below the
important support level of 27700 then 27500 will act as
next support level. On the other hand 28000 will act as a
major resistance level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

41000
16.90

41500
16.60

41900
17.25

42500
17.50

Silver showed bearish movement and found the
important support level of 41350. Now if it will close
below the important support level of 41000 then 40000
will act as next support level. On higher side 42000 will
act as vital resistance level.
.

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Crude and Copper
CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

3345

3300

3480

3550

COMEX

49.50

48.50

51.20

52.50

COPPER

Crude showed sideways movement and found the
important support level of 3350. Now if it will close
below the important support level of 3345 then 3300 will
act as next support level. On higher side 3480 will act
as vital resistance level.
COMEX COPPER

PIVOTS

S1

S2

R1

R2

MCX

390

385

400

405

COMEX

2.5700

2.5200

2.6600

2.7000

Copper showed bearish movement and found the
important support level of 390.70. Now if it will close
below the important support level of 390 then 380 will
act as next support level. On higher side 400 will act as
vital resistance level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

115.50

114

117.20

119

4937

3285

Bullish

LEAD

151.20

149

155

157

12045

1842

Bearish

NICKEL

740

720

770

790

24023

11487

Bearish

ZINC

177

174

183

186

20554

6544

Bearish

NATURAL GAS

244

240

250

255

98515

5370

Bearish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
Bank Holiday NO2/12/2016
LME DATA TODAY
COMMODITIES
1/12/2016

5/12/2016

6/12/2016

ALUMINIUM

-4301

-5574

-10074

-10874

-

COPPER

+1848

-2650

-1001

-3526

-

LEAD

-101

-498

-49

+187

-

NICKEL

+175

-182

+1896

+502

-

ZINC

-402

-502

-124

-1574

-

7/12/2016

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Agri Commodity Updates
GUARSEED
Guarseed showed bearish movement today. Prices
closed around the important support of 3275. If
prices hold above 3350 level in next trading session
then this bullish momentum can take prices to 3400
level. If it breaks the support level of 3270 then 3230
will act as next support level.
PIVOTS

S1

S2

R1

R2

3270

3230

3350

3400

JEERA
Jeera showed sideways movement and breached
the important support level of 17165. Now on higher
side 17600 will act as important resistance level
above which it will pull towards the resistance level
of 18000. On lower side bearish movement can
drag it towards the support level of 17000.

PIVOTS

S1

S2

R1

R2

17250

17000

17500

17750

SOYABEAN
Soyabean showed bearish movement today. Prices
tried to drag down towards important support level
of 3000. Now if it will break the support level of 3000
then 2950 will act as next support level. On the
other hand 3050 will act as a major resistance level.

PIVOTS

S1

S2

R1

R2

3000

2950

3040

3080

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Intraday Super Star
(Premium Section)

CALL: SELL JEERA BELOW 17165 TARGET 16965/16765 SL 17465.

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Multibagger Call
(Premium Section)

CALL: SELL LEAD BELOW 152.85 TARGETS 151.35/150 SL 154.85.

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Trifid Special
(Premium Section)

CALL: SELL GOLD BELOW 27750 TARGETS 27650/27550 SL 27909.

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