Daily Market Reflection

3rd January 2017

Market Outlook

COMDEX

Gold and silver trading sideways to bullish due to mostly
international market bank holiday .we expect in coming session
bullion may trade to bullish. Crude and natural gas also trade in
narrow range with some margin gain and next trading session
crude may trade to bullish note as production cut deal among
major oil exporters including Opec and Russia. Base metal
given bullish moment today and it may possible that it will
continuous in coming session.

Fundamental News
Gold and silver were trading flat with marginal gains in early
trade on the first day of Calendar 2017 due to lack of global
cues amid subdued buying by jewelers, investors and industries.
The New Year started on a crude note for consumers as fuels
across the board became costlier due to an uptick in global oil
prices in the wake of a global production cut deal among major
oil exporters, including Opec and Russia.

Important Data
Time

Currency

Event

7:15am

CNY

Caixin
Manufacturing PMI

All Day

EUR

German Prelim
CPI m/m

2:25pm

EUR

German
Unemployment
Change

Forecas
t

Previou
s

50.9

50.9
0.1%

-5K

-5K

Market Updates
MCX
Date
30-12-16
GOLD
27445
SILVER
39049
COPPER
376.80
CRUDE
3650
ALUMINIUM
115.10
LEAD
135.95
NICKEL
683.40
ZINC
173.40
NATURALGAS 252.00
COMEX

Date
2-01-17
27560
39155
376.60
3689
115.25
136.25
690.50
173.40
251.40

% Chg
+0.42%
+0.27%
+0.48%
+1.07%
+0.13%
+0.22%
+1.04%
0.00%
-0.24%

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

68.1025

68.4100

+0.45%

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

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

30/1 NICKEL
2
Multibagger
GBP
3:00pm
Manufacturing PMI
53.3
53.4
Date Commodity Entry
Exit
30/1 COPPER
Tentative
GDT
Price
Index
-0.5%
2
NZD
Trifid special
ISM Manufacturing
Date Commodity Entry
Exit
8:30pm
53.7
53.2
USD
PMI
29/1 ALUMINIUM 116.95 114.50
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| Toll Free: 1800-270-1410
2
For our next calls click here……..

-

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 positive 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

38500
15.75

38000
15.65

39500
16.10

40000
16.25

Silver showed sideways 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

3650

3600

3685

3725

COMEX

53.40

53.00

54.00

54.45

Crude showed sideways to bullish movement and found
the important resistance level of 3675. 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

396

1628

Bullish

LEAD

135

132

139

142

2142

2352

Bullish

NICKEL

670

650

700

720

5243

17060

Bullish

ZINC

171

168

176

179

2422

5531

Bullish

NATURAL GAS

247

241

255

260

8950

7655

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 bullish movement. If
prices sustain below 3330 level in next trading
session then this bearish momentum can take prices
to 3300 level. If it breaks the resistance level of 3385
then 3420 will act as next resistance level.
PIVOTS

S1

S2

R1

R2

3335

3300

3385

3420

JEERA
Jeera showed bullish movement today and found
the resistance level of 16800. If prices sustain below
16600 levels in next trading session then this
bearish momentum can take prices to 16300 levels.
If it breaks the resistance level of 17000 then 17200
will act as next resistance level.

PIVOTS

S1

S2

R1

R2

16600

16300

17000

17300

SOYABEAN
Soyabean found the important resistance of 3135
and showed bullish movement. If prices sustain
below 3090 level in next trading session then this
bearish momentum can take prices to 3050 level. If
it breaks the resistance level of 3140 then 3165 will
act as next resistance level.

PIVOTS

S1

S2

R1

R2

3090

3060

3135

3165

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Intraday Super Star
(Premium Section)

CALL: SELL ALUMINIUM BELOW 115 TAREGTS 114/113 SL 116.50.

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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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