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Daily Market Reflection

22ndAugust 2017

27842 -
Market Outlook COMDEX
Gold prices were little changed on Monday, as market players
looked ahead to this week's annual meeting of top central
bankers and economists in Jackson Hole, Wyoming, where the
heads of the U.S. and European central banks will be making
keynote speeches. Oil prices fell on Monday as a rally at the end
of last week prompted investors to close positions at a higher
price, against a backdrop of signs the global market is starting to
rebalance. Base metals may continue to push still higher in the
coming days in spite of a possible return to risk aversion, Market Updates
principally because sentiment in base metals is primarily driven MCX Date Date % Chg
by Chinas financing conditions, as we saw last week. 18-08-17 21-08-
17
GOLD 29163 29283 +0.41%
Fundamental News SILVER 39063 39088 +0.06%
Last week, gold prices retreated on Friday after surging to their COPPER 415.35 421.90 +1.58%
highest level in nine months earlier on the back of concerns over CRUDE 3104 3038 -2.13%
U.S. political uncertainty and amid safe haven buying in the wake ALUMINIUM 131.05 132.60 +1.18%
LEAD 150.40 149.50 -0.60%
of a terrorist attack in Spain.
NICKEL 704 724.90 +2.97%
The world remains awash with oil despite a deal struck by some of ZINC 200.80 200.25 -0.27%
the world's biggest producers to rein in output. Rising U.S. NATURALGAS 186 190.30 +2.31%
production has been a major factor keeping supply and demand COMEX Date Date % Chg
from balancing. 18-08-17 21-08-17
GOLD 1291.60 1296.94 +0.41%
Important Data SILVER 17.000 17.014 +0.05%
CRUDE 48.66 47.86 -1.64%
Time Currenc Event Forecast Previous
COPPER 2.940 2.979 +1.38%
y $ INDEX 93.36 92.97 -0.42%
USDINR 64.2125 64.1975 -0.02%
Public Sector Net
2:00pm GBP 0.4B 6.3B
Borrowing

German ZEW OUR PREVIOUS CALLS UPDATE


2:30pm EUR 15.3 17.5
Economic Sentiment Intraday super star
Core Retail Sales Date Commodity Entry Exit P/L
6:00pm CAD 0.3% -0.1%
m/m 18/0 ALUMINIUM 131.50 133 -7500
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6:00pm CAD Retail Sales m/m 0.2% 0.6% Multibagger
Date Commodity Entry Exit P/L
21/0 ZINC 201.40 203.40 +1000
6:30pm USD HPI m/m 0.4% 0.4% 8 0
Trifid special
Richmond Date Commodity Entry Exit P/L
7:30pm USD 12 14
Manufacturing Index 21/0 GOLD - - -
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Gold and Silver

GOLD COMEX GOLD

Gold showed sideways to bullish movement and found


the important resistance level of 29292. Now if it will
PIVOT S1 S2 R1 R2
S close above the important resistance level of 29300 then
MCX 29000 28800 29500 29800 29500 will act as next resistance level. On the other
COME 1285 1270 1295 1300 hand 28800 will act as a major support level.

SILVER COMEX SILVER

Silver showed sideways to bullish movement and found


PIVOTS S1 S2 R1 R2 the important resistance level of 39270. Now if it will
close above the important resistance level of 39350
MCX 38500 38000 39400 40000
then 40000 will act as next resistance level. On the other
COMEX 16.90 16.75 17.15 17.25
hand 38500 will 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 3068. Now if it will close
below the important support level of 3050 then 3000 will
MCX 3050 3000 3150 3200
act as next support level. On the other hand 3150 will
COMEX 47.00 45.00 50.00 52.00
act as a major resistance level.

COPPER COMEX COPPER

Copper showed bullish movement and found the


important resistance level of 424.60. Now if it will close
PIVOTS S1 S2 R1 R2
above the important resistance level of 425 then 430
MCX 415 410 425 430 will act as next resistance level. On the other hand 415
COMEX 2.9000 2.8500 2.3000 3.0500 will act as a major support level.

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Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND


S

ALUMINIUM 130 128 133 135 7670 2817 Bullish

LEAD 148 145 152 155 15362 2444 Bearish

NICKEL 700 690 730 745 45874 14256 Bullish

ZINC 197 195 203 205 28321 8020 Bearish

NATURAL 188 185 193 195 45027 4863 Bullish


GAS

LME INVENTORY
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Due to Summer
COMMODITIES Bank Holiday NO LME
14/08/2017 DATA TODAY
16/08/2017 17/08/2017 18/08/2017 21/08/2017

ALUMINIUM +7425 -2575 -2825 +3550 +11150

COPPER -350 -1975 -3200 -4450 -9650

LEAD -125 -125 -400 -775 -100

NICKEL -408 +1302 -366 -330 -270

ZINC -3025 -2200 -2000 -675 -175

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Agri Commodity Updates

GUARSEED
Guarseed showed bullish movement and found the
important resistance level of 4080. If prices sustains
below 4025 level in next trading session then this
momentum can take prices to 3975 level. If it breaks
the resistance level of 4080 then 4125 will act as
next resistance level.

PIVOTS S1 S2 R1 R2

4025 3975 4080 4125

JEERA
Jeera showed bullish movement today and found
the resistance level of 19950. If prices sustain below
19700 levels in next trading session then this
momentum can take prices to 19500 levels. If it
breaks the resistance level of 20000 then 20200 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

19700 19500 20000 20200

SOYABEAN
Soyabean showed bullish movement and found the
important resistance level of 3200. If prices sustain
below 3160 level in next trading session then this
bearish momentum can take prices to 3120 level. If
it breaks the resistance level of 3200 then 3250 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

3160 3120 3200 3250

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Intraday Super Star
(Premium Section)

CALL: SELL LEAD BELOW 149.30 TARGETS 148.30/147.30 SL 150.80

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Multibagger Call
(Premium Section)

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

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Trifid Special
(Premium Section)

CALL: SELL GOLD BELOW 29070 TARGETS 28970/28870 SL 29220.

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