You are on page 1of 9

Daily Market Reflection

17thAugust 2017

27842 -
Market Outlook COMDEX
Gold prices continued lower on Wednesday, extending losses
into a third session, as investors looked ahead to minutes of the
Federal Reserves latest policy meeting for further hints on the
timing of the next U.S. rate hike and clues on how the central
bank plans to pare back its balance sheet. Oil prices edged
higher on Wednesday, bouncing off their lowest levels in three
weeks amid speculation weekly supply data due later in the
session will show another big drop in U.S. crude inventories.
Market Updates
MCX Date Date % Chg
Fundamental News 14-08-17 16-08-
The yellow metal suffered its steepest one-day drop in nearly six 17
weeks on Tuesday, after strong data on U.S. retail sales and GOLD 29080 28952 -0.44%
manufacturing activity kept alive the chance of another Fed rate SILVER 39178 38863 -0.80%
hike by the end of this year. COPPER 411.05 419 +1.93%
CRUDE 3070 3008 -2.02%
China's energy demands will peak by 2040, later than the previous ALUMINIUM 128.95 133.15 +3.26%
forecast of 2035, as transportation fuel consumption continues to LEAD 149.40 160.10 +7.16%
NICKEL 667.40 686.10 +2.80%
rise through the middle of this century, state-owned oil major
ZINC 186.65 199.70 +6.99%
China National Petroleum Corp.
NATURALGAS 189.30 186.20 -1.64%
COMEX Date Date % Chg
14-08-17 16-08-17
Important Data GOLD 1279.70 1282.35 +0.19%
SILVER 16.714 16.931 +1.29%
Time Currenc Event Forecast Previous
CRUDE 47.55 47.09 -0.97%
y COPPER 2.883 2.959 +2.64%
$ INDEX 93.75 93.72 -0.04%
2:00pm GBP Retail Sales m/m 0.2% 0.6% USDINR 64.2250 64.2325 +0.01%

Unemployment
6:00pm USD 240K 244K
Claims OUR PREVIOUS CALLS UPDATE
Philly Fed Intraday super star
6:00pm USD 18.3 19.5 Date Commodity Entry Exit P/L
Manufacturing Index
16/0 CRUDE 3165 3135 +3000
Capacity Utilization 8
6:45pm USD 76.7% 76.6%
Rate
Multibagger
Industrial Production Date Commodity Entry Exit P/L
6:45pm USD 0.3% 0.4% 11/0 ALUMINIUM 130.50 132.50 +1000
m/m
8 0
Trifid special
8:00pm USD Natural Gas Storage 47B 28B Date Commodity Entry Exit P/L
16/0 SILVER - - -
www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410
8
For our next calls click here..
Gold and Silver

GOLD COMEX GOLD

Gold showed bearish movement and found the important


support level of 28800. Now if it will close below the
PIVOT S1 S2 R1 R2
S important support level of 28800 then 28500 will act as
MCX 28800 28500 29300 29500 next support level. On the other hand 29300 will act as a
COME 1265 1260 1280 1285 major resistance level.

SILVER COMEX SILVER

Silver showed bearish movement and found the


PIVOTS S1 S2 R1 R2 important support level of 38305. Now if it will close
below the important support level of 38300 then 38000
MCX 38300 38000 39500 40000
will act as next support level. On the other hand 39500
COMEX 16.80 16.65 17.00 17.20
will act as a major resistance level.

www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410


Crude and Copper

CRUDE COMEX CRUDE

Crude showed bearish movement and found the


PIVOTS S1 S2 R1 R2 important support level of 3027. Now if it will close
below the important support level of 3000 then 2950 will
MCX 3000 2950 3100 3170
act as next support level. On the other hand 3100 will
COMEX 47.00 45.00 48.00 50.00
act as a major resistance level.

COPPER COMEX COPPER

Copper showed bullish movement and found the


important resistance level of 422.10. Now if it will close
PIVOTS S1 S2 R1 R2
above the important resistance level of 425 then 430
MCX 413 405 425 430 will act as next resistance level. On the other hand 405
COMEX 2.9100 2.8500 2.9700 3.0000 will act as a major support level.

www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410


Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND


S

ALUMINIUM 130 128 135 137 107630 3751 Bullish

LEAD 158 155 162 165 23772 2490 Bullish

NICKEL 675 660 700 715 44201 15747 Bullish

ZINC 197 195 200 203 49134 9001 Bullish

NATURAL 185 182 190 193 33726 4837 Bearish


GAS

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
COMMODITIES Bank Holiday NO LME
9/08/2017 DATA TODAY
10/08/2017 11/08/2017 14/08/2017 16/08/2017

ALUMINIUM -10375 -8750 -10250 +7425 -2575

COPPER -5025 -875 -4375 -350 -1975

LEAD +2050 -75 -525 -125 -125

NICKEL +552 -162 +1314 -408 +1302

ZINC -1425 -1400 -1400 -3025 -2200

www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410


Agri Commodity Updates

GUARSEED
Guarseed showed bullish movement and found the
important resistance level of 3915. If prices sustains
below 3850 level in next trading session then this
momentum can take prices to 3800 level. If it breaks
the resistance level of 3925 then 3975 will act as
next resistance level.

PIVOTS S1 S2 R1 R2

3850 3800 3925 3975

JEERA
Jeera showed bullish movement today and found
the resistance level of 19850. If prices sustain below
19450 levels in next trading session then this
momentum can take prices to 19200 levels. If it
breaks the resistance level of 19900 then 20200 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

19450 19200 19900 20200

SOYABEAN
Soyabean showed bullish movement and found the
important support level of 3170. If prices sustain
below 3120 level in next trading session then this
bearish momentum can take prices to 3080 level. If
it breaks the resistance level of 3170 then 3200 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

3120 3080 3170 3200

www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410


Intraday Super Star
(Premium Section)

CALL: BUY COPPER ABOVE 422 TARGETS 425/428 SL 418.

www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410


Multibagger Call
(Premium Section)

CALL: SELL CRUDE BELOW 3000 TARGETS 2970/2940 SL 3040.

www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410


Trifid Special
(Premium Section)

CALL: BUY GOLD ABOVE 28970 TARGETS 29070/29170 SL 28820.

www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410


Trifid Research respects and values the Right to Policy of each and every individual. We are
esteemed by the relationship and by becoming our clients; you have a promise from our side
that we shall remain loyal to all our clients and non-clients whose information resides with us.
This Privacy Policy of Trifid Research applies to the current clients as well as former clients.
Below are the word by word credentials of our Privacy Policy:

1. Your information, whether public or private, will not be sold, rented, exchanged,
transferred or given to any company or individual for any reason without your consent.
2. The only use we will be bringing to your information will be for providing the services to
you for which you have subscribed to us.
3. Your information given to us represents your identity with us. If any changes are brought
in any of the fields of which you have provided us the information, you shall bring it to
our notice by either calling us or dropping a mail to us.
4. In addition to the service provided to you, your information (mobile number, E-mail ID
etc.) can be brought in use for sending you newsletters, surveys, contest information, or
information about any new services of the company which will be for your benefit and
while subscribing for our services, you agree that Trifid Research has the right to do so.
5. By subscribing to our services, you consent to our Privacy Policy and Terms of Use.
6. Trifid research does not guarantee or is responsible in any which way, for the trade
execution of our recommendations, this is the sole responsibility of the client.
7. Due to the markets volatile nature, the trader may/ may not get appropriate opportunity
to execute the trades at the mentioned prices and Trifid Research holds no liability for
any profit/ loss incurred whatsoever in this case.
8. It is the responsibility of the client to view the report timely from our Premium member
section on our website: www.trifidresearch.com and the same will also be mailed to this
registered email id.
9. Trifid research does not hold any liability or responsibility of delay in mail delivery of
reports, as this depends on our mail service providers network infrastructure.
10. The clients can call us for any query related to buying/selling the securities, based on
our recommendations.

www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410