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Daily Market Reflection

2nd January 2017

Market Outlook

COMDEX

Gold has risen over 8% so far this year despite the recent sell of f.
Sentiment however remains cautions as investors gear up for more
rate hikes in 2017. A stronger Rupee could limit upside. We expect
precious metals prices to trade higher for the day. Base metals are
trading in green on the LME as dollar weakness is including strength
across the commodity complex. We expect copper, zinc and lead
prices to trade higher while range bound in Nickel. In energy sector,
we expect Crude oil prices to trade higher for the day, shrugging off a
second consecutive weak of U.S. crude oil inventory builds, with a U.S.
Energy Information Administration report late on Thursday indicating
an unexpected rise in crude stocks.
Fundamental News
Gold futures moved in and out of positive territory Friday, risking
a fifth straight session gain, but still on track to snap what had
been the longest weekly losing streak in more than 12 years.
Oil prices settled slightly lower on Friday, the year's last trading
day, but attained their biggest annual gain since 2009, after
OPEC and partners agreed to cut output to reduce a supply
overhang that has depressed prices for two years.
Important Data
Time

All Day
All Day
All Day
1:45pm
2:15pm
2:20pm

Currency

USD
GBP

Event

Forecas
t

Previou
s

Market Updates
MCX
Date
29-12-16
GOLD
SILVER
COPPER
CRUDE
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS

27564
39665
374.35
3665
114.55
133.90
691.60
170.95
256.20

Date
30-1216
27445
39049
376.80
3650
115.10
135.95
683.40
173.40
252.00

COMEX

Date
30-12-16
1152.00
15.963
53.90
2.507
102.37

% Chg

GOLD
SILVER
CRUDE
COPPER
$ INDEX

Date
29-12-16
1158.10
16.218
53.77
2.488
102.66

USDINR

68.2725

68.0900

-0.27%

-0.42%
-1.44%
+0.64%
-0.41%
+0.48%
+1.53%
-1.19%
+1.43%
-1.64%

-0.53%
-1.57%
+0.24%
+0.76%
-0.28%

Bank Holiday
Bank Holiday

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

30/1 NICKEL
2
Multibagger
Spanish
Date Commodity Entry
Exit
EUR
54.6
54.5
Manufacturing PMI
30/1 COPPER
2
Italian
52.3
52.2
Trifid special
EUR
Manufacturing PMI
Date Commodity Entry
Exit
French Final
53.5
53.5
29/1 ALUMINIUM 116.95 114.50
EUR
Manufacturing PMI
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2
For our next calls click here……..
JPY

% Chg

Bank Holiday

-

P/L
-

P/L
12250

Gold and Silver
GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

27400
1145

27100
1135

27700
1155

28000
1165

SILVER

Gold showed sideway to negative movement and found
the important resistance level of 27650. Now if it will
sustain below the important support level of 27400 then
27200 will act as next support level. On the other hand
27700 will act as a major resistance level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

39500
15.75

39000
15.65

40000
16.10

40500
16.25

Silver showed bullish movement and found the important
resistance level of 39950. Now if it will sustain below the
important support level of 39500 then 39000 will act as
next support level. On the other hand 40000 will act as a
major resistance level.
.

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Crude and Copper
CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

3625

3575

3675

3725

COMEX

53.40

53.00

54.00

54.45

Crude showed sideways to bearish movement and
found the important support level of 3638. Now if it will
close above the important resistance level of 3675 then
3725 will act as next resistance level. On the other hand
3620 will act as a major support level.
.
COMEX COPPER

COPPER

PIVOTS

S1

S2

R1

R2

MCX

375

368

380

388

COMEX

2.4850

2.4740

2.5090

2.5275

Copper showed strong movement and found the
important resistance level of 379. Now if it will close
below the important support level of 374 then 368 will
act as next support level. On the other hand 380 will act
as a major resistance level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

113

112

117

119

3341

1606

Bullish

LEAD

133

130

139

142

9507

2317

Bullish

NICKEL

670

650

700

720

17667

16564

Bearish

ZINC

171

168

176

179

14878

5474

Bullish

NATURAL GAS

247

241

255

260

60660

6763

Bearish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
Bank Holiday NO LME
DATA TODAY
COMMODITIES
23/12/2016
26/12/2016

28/12/2016

29/12/2016

30/12/2016

ALUMINIUM

+10450

+900

+26775

+6875

+22251

COPPER

-1275

-3525

-3425

-2751

-6125

LEAD

+50

0

-200

-51

-799

NICKEL

-144

-222

-162

-125

-125

ZINC

-200

-1275

-350

-476

-475

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Agri Commodity Updates
GUARSEED
Guarseed found the important resistance level of
3270 and showed sideways to bearish movement. If
prices sustain below 3225 level in next trading
session then this bearish momentum can take prices
to 3180 level. If it breaks the resistance level of 3275
then 3320 will act as next resistance level.
PIVOTS

S1

S2

R1

R2

3180

3150

3275

3320

JEERA
Jeera showed bullish movement today and found
the resistance level of 17900. If prices sustain below
17600 levels in next trading session then this
bearish momentum can take prices to 17300 levels.
If it breaks the resistance level of 18000 then 18300
will act as next resistance level.

PIVOTS

S1

S2

R1

R2

17600

17300

18000

18300

SOYABEAN
Soyabean found the important resistance of 3100
and showed sideways movement. If prices sustain
below 3050 level in next trading session then this
bearish momentum can take prices to 3020 level. If
it breaks the resistance level of 3100 then 3130 will
act as next resistance level.

PIVOTS

S1

S2

R1

R2

3050

3020

3100

3130

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Intraday Super Star
(Premium Section)

CALL: SELL GUARSEED BELOW 3225 TAREGTS 3190/3150 SL 3280.

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Multibagger Call
(Premium Section)

CALL: SELL COPPER BELOW 375 TARGETS 370/365 SL 383.

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Trifid Special
(Premium Section)

CALL: BUY CRUDE ABOVE 3680 TARGETS 3750/3820 SL 3580.

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