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Daily Market Reflection

11th September 2017

 27842 -
Market Outlook COMDEX
Gold prices traded at one-year highs on Friday, helped by a
broadly weaker U.S. dollar and lingering concerns over North
Korea tensions with the rest of the world. Oil prices were mixed
on Friday; with U.S. crude futures sliding lower and Brent prices
moving higher after data on Thursday showed a rise in U.S.
stockpiles last week and as markets prepared for potential
supply disruptions caused by Hurricane Irma. More of the base
metals rallies – notably copper’s and nickel’s – ran out of steam
on Tuesday and given the gains in recent weeks/months, it is not Market Updates
surprising that more selling is being done at these higher price MCX Date Date % Chg
levels. 7-09-17 8-09-17
GOLD 30282 30268 -0.05%
Fundamental News SILVER 41617 41570 -0.11%
The U.S. dollar came under pressure after the U.S. Labor COPPER 446.05 431.10 -3.35%
Department reported on Thursday that initial jobless claims raised CRUDE 3143 3045 -3.12%
more than expected to 298,000 last week. ALUMINIUM 134.45 132.85 -1.19%
LEAD 149.10 143.75 -3.59%
U.S. oil futures were hit after the Energy Information
NICKEL 778.10 734 -5.74%
Administration reported on Thursday that crude stockpiles rose ZINC 200.60 193.65 -3.46%
more than expected last week, offsetting recent optimism on oil NATURALGAS 191.40 185.60 -3.03%
prices which has seen crude futures settle higher for three-straight
COMEX Date Date % Chg
days.
7-09-17 8-09-17
GOLD 1350.30 1352.52 +0.16%
SILVER 18.116 18.105 -0.06%
Important Data
CRUDE 49.09 48.16 -1.89%
Time Currenc Event Forecast Previous COPPER 3.144 3.042 -3.23%
$ INDEX 91.49 91.29 -0.23%
y
USDINR 64.1525 63.9025 -0.39%
Tertiary Industry
10:00am JPY 0.0%
Activity m/m

M2 Money Supply OUR PREVIOUS CALLS UPDATE
11th-15th CNY 9.2%
y/y Intraday super star
Date Commodity Entry Exit P/L
11th-15th CNY New Loans 826B
7/09 CRUDE - - -
Italian Industrial Multibagger
1:30pm EUR 1.1%
Production m/m Date Commodity Entry Exit P/L
7/09 LEAD - - -
Italian Quarterly Trifid special
1:30pm EUR
Unemployment Rate Date Commodity Entry Exit P/L
6/09 SILVER - - -
5:45pm CAD Housing Starts 222K For our next calls click here……..
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Gold and Silver

GOLD COMEX GOLD

Gold showed bearish movement and found the important
resistance level of 30200. Now if it will close below the
PIVOT S1 S2 R1 R2
S important support level of 30200 then 30000 will act as
MCX 30000 29700 30500 30700 next support level. On the other hand 30500 will act as a
COME 1341 1336 1352 1357 major resistance level.

SILVER COMEX SILVER

Silver showed bearish movement and found the
PIVOTS S1 S2 R1 R2 important support level of 41325. Now if it will close
below the important support level of 41325 then 40900
MCX 41100 40600 41900 42400
will act as next support level. On the other hand 41900
COMEX 17.85 17.75 18.10 18.20
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 3050. Now if it will
close below the important support level of 3050 then
MCX 3030 3000 3120 3150
3010 will act as next support level. On the other hand
COMEX 47.50 45.50 50.00 52.00
3120 will act as a major resistance level.

COPPER COMEX COPPER

Copper showed sideways to bearish movement and
found the important support level of 430.15. Now if it will
PIVOTS S1 S2 R1 R2
close below the important support level of 430 then 425
MCX 425 420 435 440 will act as next support level. On the other hand 435 will
COMEX 3.0050 2.9900 3.0250 3.0450 act as a major resistance level.

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Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND
S

ALUMINIUM 132 130 134 136 7835 3389 Bearish

LEAD 141 139 145 147 17330 3398 Bearish

NICKEL 725 710 740 755 65950 10017 Bearish

ZINC 190 188 195 197 32123 7248 Bullish

NATURAL 183 180 187 190 35859 8593 Bearish
GAS

LME INVENTORY
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Due to Summer
COMMODITIES Bank Holiday NO LME
4/09/2017 DATA TODAY
5/09/2017 6/09/2017 7/09/2017 8/09/2017

ALUMINIUM +1075 -150 +75 -3175 +125

COPPER -2625 -3325 -2775 -4050 +2450

LEAD -125 +6475 +9850 -175 -75

NICKEL -1578 -1854 -2022 +780 +828

ZINC -300 -475 -475 -575 -875

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Agri Commodity Updates

GUARSEED
Guarseed showed bullish movement and found the
important resistance level of 3900. If prices sustains
below 3820 level in next trading session then this
momentum can take prices to 3750 level. If it breaks
the resistance level of 3900 then 3950 will act as
next resistance level.

PIVOTS S1 S2 R1 R2

3820 3750 3900 3950

JEERA
Jeera showed bearish movement today and found
the support level of 19300. If prices sustain below
19300 levels in next trading session then this
momentum can take prices to 19000 levels. If it
breaks the resistance level of 19600 then 19800 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

19300 19000 19600 19800

SOYABEAN
Soyabean showed bearish movement and found the
important support level of 3075. If prices sustain
below 3070 level in next trading session then this
bearish momentum can take prices to 3030 level. If
it breaks the resistance level of 3120 then 3170 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

3070 3030 3120 3170

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Intraday Super Star
(Premium Section)

CALL: SELL CRUDE BELOW 3034 TARGETS 3004/2974 SL 3074.

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Multibagger Call
(Premium Section)

CALL: SELL COPPER BELOW 430 TARGETS 427/424.80 SL 434.50.

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Trifid Special
(Premium Section)

CALL: SELL GOLD BELOW 30210 TARGETS 30110/30010 SL 30360.

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