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Daily Market Reflection

31stJuly 2017

27842 -
Market Outlook COMDEX
Gold prices traded higher on Friday, as the dollar remained under
pressure at fourteen-month lows, after investor expectations grew
the Federal Reserve would keep rates low for longer, following
data showing inflation remained subdued. Crude futures settled
higher on Friday, as data this week eased concerns about surplus
supplies, after Saudi Arabia pledged to lower exports while U.S.
crude supplies fell more than expected. Copper and nickel have
led the price advances this week, with the others showing some
gains at stages during the week but they have struggled to hold Market Updates
on to these gains. MCX Date Date % Chg
27-07-17 28-07-
Fundamental News 17
GOLD 28476 28580 +0.37%
Gold recouped some of its losses sustained earlier during the
SILVER 38263 38460 +0.51%
week, as traders mulled over a downward revision in first-quarter
COPPER 408.00 408.90 +0.22%
gross domestic product (GDP) which offset second-quarter gross CRUDE 3161 3192 +0.98%
domestic product that met expectations. ALUMINIUM 123.15 121.15 -1.62%
LEAD 146.75 147.75 +0.61%
The Energy Information Administration (EIA) reported Wednesday; NICKEL 649.50 656.90 +1.14%
crude and gasoline stockpiles fell by more than expected last ZINC 179.40 178.00 -0.78%
week, pointing to an uptick in demand for crude and refinery NATURALGAS 191.40 189.50 -0.99%
activity. COMEX Date Date % Chg
27-07-17 28-07-17
Important Data GOLD 1260.00 1269.34 +0.74%
SILVER 16.573 16.731 +0.95%
Time Currenc Event Forecast Previous CRUDE 49.04 49.80 +1.55%
y COPPER 2.878 2.881 +0.12%
$ INDEX 93.77 93.20 +0.61%
Net Lending to
2:00pm GBP 4.9B 5.3B USDINR 64.3500 64.3825 +0.05%
Individuals m/m

CPI Flash Estimate


2:30pm EUR 1.3% 1.3%
y/y OUR PREVIOUS CALLS UPDATE
Intraday super star
Core CPI Flash
2:30pm EUR 1.1% 1.1% Date Commodity Entry Exit P/L
Estimate y/y
28/0 ZINC 178.80 176.80 +1000
7 0
6:00pm CAD RMPI m/m -1.8%
Multibagger
Date Commodity Entry Exit P/L
7:15pm USD Chicago PMI 60.8 65.7 27/0 NG. - - -
7
Pending Home Trifid special
7:30pm USD 0.9% -0.8% Date Commodity Entry Exit P/L
Sales m/m
26/0 SILVER - - -
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7
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Gold and Silver

GOLD COMEX GOLD

Gold showed bullish movement and found the important


resistance level of 28595. Now if it will close above the
PIVOT S1 S2 R1 R2
S important resistance level of 28610 then 29000 will act
MCX 28300 28000 28610 29000 as next resistance level. On the other hand 28300 will
COME 1260 1255 1271 1280 act as a major support level.

SILVER COMEX SILVER

Silver showed bullish movement and found the important


PIVOTS S1 S2 R1 R2 resistance level of 38575. Now if it will close above the
important resistance level of 38600 then 39000 will act
MCX 37500 37000 38600 39000
as next resistance level. On the other hand 37500 will
COMEX 16.50 16.35 16.80 17.00
act as a major support 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 3200. Now if it will close
above the important resistance level of 3201 then 3250
MCX 3150 3100 3250 3300
will act as next resistance level. On the other hand 3100
COMEX 48.00 46.00 50.00 52.00
will act as a major support level.

COPPER COMEX COPPER

Copper showed sideways to bullish movement and


found the important resistance level of 409.50. Now if it
PIVOTS S1 S2 R1 R2
will close above the important resistance level of 415
MCX 405 400 415 420 then 420 will act as next resistance level. On the other
COMEX 2.8200 2.7800 2.8900 2.9500 hand 400 will act as a major support level.

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Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND


S

ALUMINIUM 120 119 122 124 6555 1918 Bearish

LEAD 145 143 148 150 11903 1476 Bullish

NICKEL 640 625 665 680 43417 10547 Bullish

ZINC 176.50 175 180 182 22673 4241 Bearish

NATURAL GAS 187 185 195 200 28521 5657 Bearish

LME INVENTORY
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Due to Summer
COMMODITIES Bank Holiday NO LME
24/07/2017 DATA TODAY
25/07/2017 26/07/2017 27/04/2017 28/04/2017

ALUMINIUM -3150 +24275 -3425 -4375 -5975

COPPER -750 -1025 -1600 -1125 -1550

LEAD -875 -200 -900 +300 -375

NICKEL -942 -102 +900 +42 -1602

ZINC -1175 -575 -950 -225 -325

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Agri Commodity Updates

GUARSEED
Guarseed showed bullish movement and found the
important resistance level of 3600. If prices sustains
below 3500 level in next trading session then this
momentum can take prices to 3450 level. If it breaks
the resistance level of 3550 then 3600 will act as
next resistance level.

PIVOTS S1 S2 R1 R2

3500 3450 3560 3600

JEERA
Jeera showed bearish movement today and found
the support level of 19000. If prices sustain below
19000 levels in next trading session then this
momentum can take prices to 18700 levels. If it
breaks the resistance level of 19300 then 19500 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

19000 18900 19300 19500

SOYABEAN
Soyabean showed sideways movement and found
the important resistance level of 3030. If prices
sustain below 2975 level in next trading session
then this bearish momentum can take prices to
2925 level. If it breaks the resistance level of 3030
then 3075 will act as next resistance level.

PIVOTS S1 S2 R1 R2

2975 2925 3030 3075

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Intraday Super Star
(Premium Section)

CALL: SELL ALUMINIUM BELOW 121 TARGETS 120/119 SL 122.50

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Multibagger Call
(Premium Section)

CALL: BUY GOLD ABOVE 28610 TARGETS 28710/28810 SL 28460.

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Trifid Special
(Premium Section)

CALL: BUY SILVER ABOVE 38450 TARGETS 38750/39050 SL 38000.

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