Daily Market Reflection

3rd July 2017

-
Market Outlook COMDEX

Gold prices traded below breakeven, as investor demand for the

yellow metal eased on the back of a trio of mostly upbeat economic
reports suggesting that the U.S. economy remained robust. Crude
futures extended gains for the seventh day in a row as data
showed the number of active U.S. drilling rigs declined for the first
time since January suggesting that U.S. production could be
tightening, easing oversupply jitters. We have been expecting base
metals prices to work higher and that accelerated on Thursday.
Better Chinese PMI data, if supported by better Caixin PMI data on Market Updates
Monday, would help justify the stronger tone. MCX Date Date % Chg
29-06-17 30-06-
17
Fundamental News GOLD 28608 28439 -0.59%
SILVER 38599 38344 -0.66%
Gold is on course to post its first monthly loss this year, as better
COPPER 383.25 388.75 +0.13%
than expected manufacturing and consumer sentiment data
CRUDE 2918 2968 +1.71%
underpinned a move higher in the greenback, lessening demand ALUMINIUM 123.30 123.85 -0.08%
for dollar-dominated gold. LEAD 149.70 148.10 -1.07%
NICKEL 603.10 607.00 +0.65%
The surprise dip in the number of active U.S. drilling rigs comes ZINC 178.65 178.70 +0.03%
amid a rebound oil prices, as investors seemed to take advantage NATURALGAS 198.80 193.80 -2.52%
of the recent slump in oil prices.
COMEX Date Date % Chg
29-06-17 30-06-17
GOLD 1245.80 1242.48 -0.27%
Important Data SILVER 16.586 16.587 +0.01%
CRUDE 44.93 46.33 +3.12%
Time Currenc Event Forecast Previous
COPPER 2.696 2.708 +0.46%
y $ INDEX 95.32 95.39 +0.07%
Spanish USDINR 64.8500 64.8000 -0.08%
12:45pm EUR 55.4
Manufacturing PMI

2:00pm GBP Manufacturing PMI 56.7 OUR PREVIOUS CALLS UPDATE

Intraday super star
Final Manufacturing Date Commodity Entry Exit P/L
7:15pm USD 52.1
PMI 30/0 ALUMINIUM - - -
ISM Manufacturing 6
7:30pm USD 54.9 Multibagger
PMI
Date Commodity Entry Exit P/L
Construction 30/0 COPPER 385 388 +3000
7:30pm USD -1.4%
Spending m/m 6
Trifid special
ISM Manufacturing Date Commodity Entry Exit P/L
7:30pm USD 60.5
Prices 30/0 GOLD - - -
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6
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 Gold and Silver

GOLD COMEX GOLD

Gold showed bearish movement and found the important

support level of 28405. Now if it will close below the
PIVOT S1 S2 R1 R2
S important support level of 28300 then 28000 will act as
MCX 28300 28000 28750 29000 next support level. On the other hand 28750 will act as a
COME 1235 1230 1245 1250 major resistance level.

SILVER COMEX SILVER

Silver showed bearish movement and found the

PIVOTS S1 S2 R1 R2 important support level of 38157. Now if it will close
below the important support level of 37800 then 37000
MCX 37800 37000 39000 39500
will act as next support level. On the other hand 39000
COMEX 16.50 16.40 16.70 16.85
will act as a major resistance level.

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 Crude and Copper

CRUDE COMEX CRUDE

Crude showed bullish movement and found the

PIVOTS S1 S2 R1 R2 important resistance level of 2972. Now if it will close
above the important resistance level of 3000 then 3080
MCX 2935 2900 3000 3080
will act as next resistance level. On the other hand 2900
COMEX 45.00 43.50 47.50 50.00
will act as a major support level.

COPPER COMEX COPPER

Copper showed bullish movement and found the

important resistance level of 390.25. Now if it will close
PIVOTS S1 S2 R1 R2
above the important resistance level of 391 then 398
MCX 380 375 391 398 will act as next resistance level. On the other hand 380
COMEX 2.6600 2.6200 2.7070 2.7500 will act as a major support level.

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 Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND

S

ALUMINIUM 122 120 125 127 3022 1457 Bearish

LEAD 147 145 150 152 9695 2319 Bearish

NICKEL 590 575 605 615 28467 28605 Bullish

ZINC 177 175 180 182 18847 7869 Bullish

NATURAL GAS 192 188 197 200 45587 4521 Bearish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
COMMODITIES Bank Holiday NO LME
23/06/2017 DATA TODAY
27/06/2017 28/06/2017 29/06/2017 30/06/2017

ALUMINIUM -3225 -4325 -3325 -2700 -2450

COPPER +2000 -4125 -1875 -5375 +6400

LEAD -1475 +150 -825 -1900 -2200

NICKEL -792 -318 -720 -1044 -642

ZINC -2100 -1300 -2000 -3450 -3125

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 Agri Commodity Updates

GUARSEED
Guarseed showed bullish movement and found the
important resistance level of 3425. If prices sustains
below 3350 level in next trading session then this
momentum can take prices to 3300 level. If it breaks
the resistance level of 3425 then 3475 will act as
next resistance level.

PIVOTS S1 S2 R1 R2

3350 3300 3425 3475

JEERA
Jeera showed bearish movement today and found
the support level of 18900. If prices sustain below
18700 levels in next trading session then this
momentum can take prices to 18500 levels. If it
breaks the resistance level of 19000 then 19300 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

18700 18500 19000 19300

SOYABEAN
Soyabean showed bearish movement and found the
important support level of 2810. If prices sustain
below 2800 level in next trading session then this
bearish momentum can take prices to 2780 level. If
it breaks the resistance level of 2870 then 2900 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

2800 2780 2870 2900

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 Intraday Super Star
(Premium Section)

CALL: BUY ALUMINIUM ABOVE 123.70 TARGETS 124.70/125.70 SL 122.20.

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 Multibagger Call
(Premium Section)

CALL: BUY CRUDE ABOVE 2985 TARGETS 3015/3045 SL 2945.

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 Trifid Special
(Premium Section)

CALL: SELL GOLD BELOW 28400 TARGETS 28300/28200 SL 28550.

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