Daily Market Reflection

15th March 2017

Market Outlook COMDEX

Gold prices struggled near a six-week low during European
morning hours on Tuesday, as investors prepared for a rate hike
by the Federal Reserve while focusing on political developments
in Europe. Crude oil prices hovered near three-month lows on
Tuesday, with investors waiting for key reports and data that
may shed light on a supply overhang in the global market. The
dollar inched up against a basket of currencies on Tuesday as
U.S. Treasury yields extended their rise ahead of an expected
interest rate rise by the Federal Reserve.
Market Updates
MCX Date Date % Chg
13-03-17 14-03-
Fundamental News 17
GOLD 28251 28085 -0.59%
The Fed is scheduled to conclude its two-day policy meeting on SILVER 40418 40120 -0.71%
Wednesday, with most market participants expecting the U.S. COPPER 385.45 385.85 +0.10%
CRUDE 3203 3139.00 -2.00%
central bank to raise the fed funds target range by a quarter
ALUMINIUM 123.90 122.45 -1.71%
points, which would put it in a range between 0.75%-1%.
LEAD 150.00 146.75 -2.71%
The British government won final approval from parliament on NICKEL 675.40 673.20 -0.33%
ZINC 181.20 180.65 -0.88%
Monday for legislation giving Prime Minister Theresa May the
NATURALGAS 202.00 193.80 -4.06%
power to trigger the country's exit from the European Union.
COMEX Date Date % Chg
13-03-17 14-03-17
GOLD 1203.10 1203.05 0.00%
Important Data SILVER 16.972 16.932 -0.24%
CRUDE 48.40 47.65 -1.57%
Time Currency Event Forecas Previou COPPER 2.626 2.642 +0.62%
t s $ INDEX 101.26 101.43 +0.16%
Average Earnings USDINR 66.7250 65.9550 -1.15%
03 PM GBP 2.6%
Index 3m/y
Claimant Count OUR PREVIOUS CALLS UPDATE
03 PM GBP -42.4K
Change Intraday super star
Date Commodity Entry Exit P/L
06 PM USD CPI m/m 0.6%
14/3 SOYABEAN - - -
06 PM Multibagger
USD Core CPI m/m 0.3%
Date Commodity Entry Exit P/L
14/3 ALUMINIUM 124 122 10000
06 PM Core Retail Sales
USD 0.8% Trifid special
m/m Date Commodity Entry Exit P/L
06 PM 14/3 SILVER 40400 40006 11820
USD Retail Sales m/m 0.4%
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 Gold and Silver

GOLD COMEX GOLD

Gold showed bearish movement and found the important

support level of 28050. Now if it will sustain below the
PIVOT S1 S2 R1 R2
S important support level of 28000 then 27800 will act as
MCX 28050 27800 28300 28500 next support level. On the other hand 28300 will act as a
COME 1200 1180 1210 1225 major resistance level.

SILVER COMEX SILVER

Silver showed sideways movement and found the

PIVOTS S1 S2 R1 R2 important support level of 40000. Now if it will sustain
below 40000 then 38500 will act as next support level.
MCX 40000 39500 40500 41000
On the other hand 40500 will act as a major resistance
COMEX 16.70 16.55 17.10 17.25
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 3100. Now if it will
close below the important resistance level of 3100 then
MCX 3100 3050 3200 3250
2900 will act as next resistance level. On the other hand
COMEX 46.50 46.00 48.00 48.80
3200 will act as a major support level.

.
COPPER COMEX COPPER

Copper showed sideways to bearish movement and

found the important support level of 378. Now if it will
PIVOTS S1 S2 R1 R2
close below the important support level of 378 then 370
MCX 378 370 388 395 will act as next support level. On the other hand 388 will
COMEX 2.6000 2.5800 2.6400 2.6600 act as a major resistance level.

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 Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND

S

ALUMINIUM 121.50 120 123.50 125 7254 1827 Bearish

LEAD 145 143 149 152 18089 1875 Bearish

NICKEL 660 640 690 710 33041 22829 Bearish

ZINC 178 176 183 185 24314 4921 Bullish

NATURAL GAS 192 189 198 201 46837 5189 Bearish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
COMMODITIES Bank Holiday NO LME
7/03/2017 DATA TODAY
8/03/2017 9/03/2017 10/03/2017 14/03/2017

ALUMINIUM -23650 -16325 -16750 -16275 -21425

COPPER +26725 +26550 +38775 -1800 +850

LEAD -25 +325 +675 +675 +600

NICKEL +3816 +5022 -288 -852 +612

ZINC -425 -2175 -1325 -2475 -1600

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 Agri Commodity Updates

GUARSEED
Guarseed found the important support level of 3710
and showed bearish movement. If prices sustains
below 3700 level in next trading session then this
bearish momentum can take prices to 3650 level. If it
breaks the resistance level of 3850 then 3920 will act
as next resistance level.

PIVOTS S1 S2 R1 R2

3700 3650 3850 3920

JEERA
Jeera showed bearish movement today and found
the support level of 16700. If prices sustain below
16700 levels in next trading session then this
bearish momentum can take prices to 16500 levels.
If it breaks the resistance level of 17000 then 17300
will act as next resistance level.

PIVOTS S1 S2 R1 R2

16700 16500 17000 17300

SOYABEAN
Soyabean showed bearish movement and found the
important support level of 2835. If prices sustain
below 2835 level in next trading session then this
bearish momentum can take prices to 2800 level. If
it breaks the resistance level of 2890 then 2940 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

2835 2800 2900 2940

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 Intraday Super Star
(Premium Section)

CALL: SELL SOYABEAN BELOW 2865 TARGETS 2830/2800 SL 2915.

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 Multibagger Call
(Premium Section)

CALL: BUY COPPER ABOVE 388 TARGETS 392/396 SL 382.

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 Trifid Special
(Premium Section)

CALL: SELL GOLD BELOW 28050 TARGETS 27970/27870 SL 28170.

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