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Daily Market Reflection

23rdAugust 2017

27842 -
Market Outlook COMDEX
Gold prices edged lower on Tuesday, as market players looked
ahead to the annual meeting of top central bankers and
economists in Jackson Hole, Wyoming later this week. Oil prices
were higher on Tuesday, bouncing back from the prior session's
more than 2% drop as investors looked ahead to weekly data
from the U.S. on stockpiles of crude and refined products. For
the most part, the base metals prices continue to look bullish,
some more so than others with tin and to a lesser extent lead the
mains ones struggling, or more likely to run into forward selling, Market Updates
while forward selling seems less of an issue for the other base MCX Date Date % Chg
metals. 21-08-17 22-08-
17
GOLD 29283 29105 -0.61%
Fundamental News
SILVER 39088 38939 -0.38%
Gold prices traded near session highs on Monday, in the wake of COPPER 421.90 422.05 +0.04%
continued dollar weakness, following growing fears over CRUDE 3038 3072 +0.23%
geopolitical tensions in North Korea, after the U.S. and South ALUMINIUM 132.60 131.95 -0.49%
Korea began military drills. LEAD 149.50 153.75 +2.84%
U.S. crude production has broken through 9.5 million barrels per NICKEL 724.90 731 +0.84%
day (bpd), its highest since July 2015, but analysts say growth ZINC 200.25 199.60 -0.32%
may slow as U.S. energy firms cut the number of rigs drilling for NATURALGAS 190.30 188.70 -0.84%
new oil. COMEX Date Date % Chg
21-08-17 22-08-17
GOLD 1296.70 1291.39 -0.41%
Important Data SILVER 17.015 16.982 -0.19%
CRUDE 47.53 47.80 +0.57%
Time Currenc Event Forecast Previous
COPPER 2.981 2.986 +0.18%
y $ INDEX 93.00 93.43 +0.43%
USDINR 64.1900 64.1500 -0.06%
ECB President
12:30pm EUR
Draghi Speaks

FOMC Member OUR PREVIOUS CALLS UPDATE


6:35pm USD
Kaplan Speaks Intraday super star
Flash Manufacturing Date Commodity Entry Exit P/L
7:15pm USD 53.3 53.3
PMI 22/0 LEAD 149.30 150.80 -7500
8
7:15pm USD Flash Services PMI 54.9 54.7 Multibagger
Date Commodity Entry Exit P/L
22/0 COPPER 422 425 +3000
7:30pm USD New Home Sales 615K 610K 8
Trifid special
Crude Oil Date Commodity Entry Exit P/L
8:00pm USD -8.9M
Inventories 21/0 GOLD 29070 29220 -
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8 15000
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Gold and Silver

GOLD COMEX GOLD

Gold showed bearish movement and found the important


support level of 29036. Now if it will close below the
PIVOT S1 S2 R1 R2
S important support level of 29000 then 28800 will act as
MCX 29000 28800 29500 29800 next support level. On the other hand 29500 will act as a
COME 1285 1270 1295 1300 major resistance level.

SILVER COMEX SILVER

Silver showed sideways to bearish movement and found


PIVOTS S1 S2 R1 R2 the important support level of 38722. Now if it will close
below the important support level of 38500 then 38000
MCX 38500 38000 39400 40000
will act as next support level. On the other hand 39500
COMEX 16.90 16.75 17.15 17.25
will act as a major resistance level.

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Crude and Copper

CRUDE COMEX CRUDE

Crude showed sideways to bearish movement and


PIVOTS S1 S2 R1 R2 found the important support level of 3047. Now if it will
close below the important support level of 3045 then
MCX 3045 3000 3100 3150
3000 will act as next support level. On the other hand
COMEX 47.00 45.00 50.00 52.00
3150 will act as a major resistance level.

COPPER COMEX COPPER

Copper showed sideways to bullish movement and


found the important resistance level of 426.40. Now if it
PIVOTS S1 S2 R1 R2
will close above the important resistance level of 427
MCX 415 410 427 430 then 430 will act as next resistance level. On the other
COMEX 2.9500 2.9000 2.3000 3.0500 hand 410 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 6736 2504 Bearish

LEAD 152 150 155 157 20077 2194 Bullish

NICKEL 720 700 740 750 44691 10368 Bullish

ZINC 197 195 203 205 27670 7696 Bearish

NATURAL 185 183 190 193 33855 4747 Bearish


GAS

LME INVENTORY
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Due to Summer
COMMODITIES Bank Holiday NO LME
16/08/2017 DATA TODAY
17/08/2017 18/08/2017 21/08/2017 22/08/2017

ALUMINIUM -2575 -2825 +3550 +11150 +10500

COPPER -1975 -3200 -4450 -9650 -6000

LEAD -125 -400 -775 -100 -500

NICKEL +1302 -366 -330 -270 +942

ZINC -2200 -2000 -675 -175 -700

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Agri Commodity Updates

GUARSEED
Guarseed showed bullish movement and found the
important resistance level of 4140. 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 bearish movement today and found
the support level of 19550. If prices sustain below
19500 levels in next trading session then this
momentum can take prices to 19300 levels. If it
breaks the resistance level of 19800 then 20000 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

19500 19300 19800 20000

SOYABEAN
Soyabean showed bullish movement and found the
important resistance level of 3270. If prices sustain
below 3270 level in next trading session then this
bearish momentum can take prices to 3310 level. If
it breaks the resistance level of 3220 then 3170 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

3220 3170 3270 3310

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Intraday Super Star
(Premium Section)

CALL: BUY LEAD ABOVE 154.30 TARGETS 155.30/156.30 SL 152.80

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Multibagger Call
(Premium Section)

CALL: SELL ZINC BELOW 199 TARGETS 198/197 SL 200.50

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Trifid Special
(Premium Section)

CALL: SELL GOLD BELOW 29050 TARGETS 28950/28850 SL 29200.

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