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Daily Market Reflection

11thAugust 2017

27842 -
Market Outlook COMDEX
Gold prices continued higher on Thursday, adding to their
biggest one-day gain in three months amid simmering
geopolitical tensions between the U.S. and North Korea. The
yellow metal scored its sharpest daily rise since mid-May on
Wednesday as investors piled into safe haven assets amid
intensifying tensions between the U.S. and North Korea, with
Pyongyang saying it is considering plans to attack Guam. Oil
prices rose on Thursday, lifted by a sustained decline in
inventories and as Saudi Arabia prepared to cut crude supplies Market Updates
to its prized Asian customers. MCX Date Date % Chg
9-08-17 10-08-
Fundamental News 17
Gold has been well-supported in recent weeks as fading GOLD 28844 29176 +1.15%
expectations for a third Fed rate hike this year due to weak SILVER 38590 39213 +1.61%
inflation combined with deepening political turmoil in the White COPPER 413.60 411.50 -0.51%
House boosted the appeal of the precious metal. CRUDE 3157 3128 -0.92%
ALUMINIUM 128.80 129.80 +0.78%
OPEC forecast higher demand for its oil in 2018 due to rising
LEAD 150.30 150.90 +0.40%
global consumption and slower supply growth from rivals, although NICKEL 686.70 697.20 +1.53%
another jump in the group's output suggested the market will ZINC 187.60 187.55 -0.03%
remain in surplus despite efforts to rein in production. NATURALGAS 185.40 191.90 +3.51%
COMEX Date Date % Chg
9-08-17 10-08-17
Important Data GOLD 1279.30 1289.91 +0.83%
SILVER 16.863 17.032 +1.00%
Time Currenc Event Forecast Previous CRUDE 49.56 48.73 -1.67%
y COPPER 2.927 2.904 -0.79%
$ INDEX 93.41 93.40 -0.02%
RBA Gov Lowe USDINR 63.9875 64.2200 +0.36%
5:00am AUD
Speaks

All Day JPY Bank Holiday


OUR PREVIOUS CALLS UPDATE
Intraday super star
6:00pm USD CPI m/m 0.2% 0.0% Date Commodity Entry Exit P/L
9/08 COPPER 415 411 -4000
6:00pm USD Core CPI m/m 0.2% 0.1%Multibagger
Date Commodity Entry Exit P/L
FOMC Member 10/0 SILVER 38700 39300 +1800
7:10pm USD
Kaplan Speaks 8 0
Trifid special
FOMC Member Date Commodity Entry Exit P/L
9:00pm USD
Kashkari Speaks
10/0 GOLD 28870 29070 +2000
8
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Gold and Silver

GOLD COMEX GOLD

Gold showed bullish movement and found the important


resistance level of 29223 Now if it will close above the
PIVOT S1 S2 R1 R2
S important resistance level of 29250 then 29500 will act
MCX 28800 28500 29250 29500 as next resistance level. On the other hand 28800 will
COME 1280 1275 1290 1295 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 39520 Now if it will close above the
important resistance level of 39550 then 40000 will act
MCX 38500 38000 39600 40000
as next resistance level. On the other hand 38500 will
COMEX 16.90 16.70 17.20 17.35
act as a major support level.

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Crude and Copper

CRUDE COMEX CRUDE

Crude showed bearish movement and found the


PIVOTS S1 S2 R1 R2 important support level of 3120. Now if it will close
below the important support level of 3100 then 3050 will
MCX 3100 3050 3180 3235
act as next support level. On the other hand 3235 will
COMEX 48.00 46.00 50.00 52.00
act as a major resistance level.

COPPER COMEX COPPER

Copper showed bearish movement and found the


important support level of 409.85. Now if it will close
PIVOTS S1 S2 R1 R2
below the important support level of 407 then 400 will
MCX 407 400 417 425 act as next support level. On the other hand 417 will act
COMEX 2.8500 2.8000 2.9500 3.0000 as a major resistance level.

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Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND


S

ALUMINIUM 127 125 130 132 12272 4759 Bullish

LEAD 148 146 152 155 16751 2273 Bullish

NICKEL 690 675 710 725 40558 16340 Bullish

ZINC 186 184 190 192 26622 8391 Bullish

NATURAL 190 187 195 198 52142 6626 Bullish


GAS

LME INVENTORY
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Due to Summer
COMMODITIES Bank Holiday NO LME
3/08/2017 DATA TODAY
4/08/2017 8/08/2017 9/08/2017 10/08/2017

ALUMINIUM -7300 -5525 -8550 -10375 -8750

COPPER -1675 -1200 -2750 -5025 -875

LEAD -500 -425 -50 +2050 -75

NICKEL -288 -288 -1290 +552 -162

ZINC -225 -150 -950 -1425 -1400

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Agri Commodity Updates

GUARSEED
Guarseed showed bearish movement and found the
important support level of 3750. If prices sustains
below 3750 level in next trading session then this
momentum can take prices to 3700 level. If it breaks
the resistance level of 3800 then 3850 will act as
next resistance level.

PIVOTS S1 S2 R1 R2

3750 3700 3800 3850

JEERA
Jeera showed bearish movement today and found
the resistance level of 19250. If prices sustain below
19200 levels in next trading session then this
momentum can take prices to 19000 levels. If it
breaks the resistance level of 19500 then 20000 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

19200 19000 19500 20000

SOYABEAN
Soyabean showed bearish movement and found the
important support level of 3090. If prices sustain
below 3080 level in next trading session then this
bearish momentum can take prices to 3050 level. If
it breaks the resistance level of 3150 then 3200 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

3080 3050 3150 3200

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Intraday Super Star
(Premium Section)

CALL: SELL CRUDE BELOW 3100 TARGETS 3070/3040 SL 3140.

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Multibagger Call
(Premium Section)

CALL: BUY ALUMINIUM ABOVE 130.50 TARGETS 131.50/132.50 SL 129.

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Trifid Special
(Premium Section)

CALL: BUY GOLD ABOVE 29225 TARGETS 29325/29425 SL 29075.

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