Daily Market Reflection

22st March 2017

Market Outlook COMDEX

Gold prices were lower on Tuesday, pulling back from a two-week
high as market players awaited comments from a number of
Federal Reserve policymakers for more clues on the timing of the
next U.S. rate hike. Oil prices rose on Tuesday on expectations
that an OPEC-led production cut to prop up the market could be
extended, while strong demand would also work to slowly erode a
global fuel supply overhang. Base metals prices with the
exception of copper were higher during London Metal Exchange
morning trading on Tuesday March 21. Market Updates
MCX Date Date % Chg
Fundamental News 20-03-17 21-03-
17
It's not unusual for a financial market to be pulled in different
GOLD 28494 28866 +1.27%
directions simultaneously by competing influences, but what is SILVER 40837 41315 +1.09%
notable for gold currently is the apparent inability of the COPPER 385.15 379.15 -1.61%
contradictory factors to gain momentum. CRUDE 3163 3169 -1.52%
ALUMINIUM 124.90 125.35 +0.36%
The Organization of the Petroleum Exporting Countries together LEAD 148 148.50 +0.41%
with other producers including Russia has pledged to cut its NICKEL 664.90 663.80 -0.03%
output by almost 1.8 million barrels per day (bpd) between ZINC 186.10 183.90 -1.21%
January and June in an effort to prop up prices and rein in a NATURALGAS 197.90 201.20 +1.87%
global supply glut that has dogged markets for almost three COMEX Date Date % Chg
years. 20-03-17 21-03-17
GOLD 1234.00 1245.75 +0.96%
Important Data SILVER 17.438 17.582 +0.83%
CRUDE 48.91 48.16 -1.51%
COPPER 2.667 2.615 -1.95%
Time Currency Event Forecast Previous
$ INDEX 100.16 99.49 -0.67%
USDINR 65.4350 65.3075 -0.19%
RBA Assist Gov
7:10am AUD
Debelle Speaks
OUR PREVIOUS CALLS UPDATE
2:30pm EUR Current Account 29.3B 31.0B Intraday super star
Date Commodity Entry Exit P/L
Tentativ German 10-y Bond
EUR 0.25|1.3 21/3 ZINC 185.70 184.70 5000
e Auction
Multibagger
6:30pm USD HPI m/m 0.4% 0.4% Date Commodity Entry Exit P/L
21/3 ALUMINIUM - - -
Existing Home Trifid special
7:30pm USD 5.59M 5.69M
Sales Date Commodity Entry Exit P/L
Crude Oil 21/3 GOLD 28470 28620 -
USD 1.9M -0.2M
8:00pm Inventories 15000
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 Gold and Silver

GOLD COMEX GOLD

Gold showed bullish movement and found the important

resistance level of 28600. Now if it will sustain below the
PIVOT S1 S2 R1 R2
S important support level of 28400 then 28200 will act as
MCX 28400 28200 28600 28800 next support level. On the other hand 28600 will act as a
COME 1220 1200 1245 1260 major resistance level.

SILVER COMEX SILVER

Silver showed bullish movement and found the important

PIVOTS S1 S2 R1 R2 resistance level of 41000. Now if it will sustain below
40500 then 40000 will act as next support level. On the
MCX 40600 40000 41300 41800
other hand 41250 will act as a major resistance level.
COMEX 17.35 17.20 17.67 17.80

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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 3130. Now if it will
close below the important support level of 3130 then
MCX 3150 3050 3240 3300
3100 will act as next support level. On the other hand
COMEX 48.80 48.00 49.50 50.00
3200 will act as a major resistance level.

COPPER COMEX COPPER

Copper showed bearish movement and found the

important support level of 378. Now if it will close below
PIVOTS S1 S2 R1 R2
the important support level of 378 then 370 will act as
MCX 378 373 385 390 next support level. On the other hand 385 will act as a
COMEX 2.6000 2.5800 2.6400 2.6600 major resistance level.

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 Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND

S

ALUMINIUM 123.50 122 126 127.50 5726 2134 Bullish

LEAD 146 144 150 152 15181 1795 Bullish

NICKEL 650 635 675 690 23129 24650 Bearish

ZINC 183 181 186 188 24604 5416 Bearish

NATURAL GAS 197 193 203.50 207 57773 6207 Bullish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
COMMODITIES Bank Holiday NO LME
15/03/2017 DATA TODAY
16/03/2017 17/03/2017 20/03/2017 21/03/2017

ALUMINIUM -13675 -11475 -11850 -10125 -10850

COPPER +8475 -1500 -1426 -4625 -3125

LEAD -450 -125 -125 -125 -400

NICKEL +1878 -1476 -666 -1434 -876

ZINC -2375 -1551 -1251 -800 +3750

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 Agri Commodity Updates

GUARSEED
Guarseed found the important resistance level of
3950 and showed bullish movement. If prices
sustains below 3850 level in next trading session
then this bearish momentum can take prices to 3750
level. If it breaks the resistance level of 3950 then
4050 will act as next resistance level.

PIVOTS S1 S2 R1 R2

3850 3800 3950 4000

JEERA
Jeera showed sideways movement today and found
the support level of 16900. If prices sustain below
16900 levels in next trading session then this
bearish momentum can take prices to 16700 levels.
If it breaks the resistance level of 17200 then 17400
will act as next resistance level.

PIVOTS S1 S2 R1 R2

16900 16700 17200 17400

SOYABEAN
Soyabean showed sideways movement and found
the important resistance level of 2945. If prices
sustain below 2900 level in next trading session
then this bearish momentum can take prices to
2860 level. If it breaks the resistance level of 2950
then 2980 will act as next resistance level.

PIVOTS S1 S2 R1 R2

2900 2860 2950 2980

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 Intraday Super Star
(Premium Section)

CALL: SELL COPPER BELOW 378 TARGETS 373/368 SL 385.

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 Multibagger Call
(Premium Section)

CALL: BUY ALUMINIUM ABOVE 125 TARGETS 126/127 SL 123.50.

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 Trifid Special
(Premium Section)

CALL: SELL NICKEL BELOW 656 TARGETS 646/636 SL 671

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