Daily Market Reflection

6th May 2016

COMDEX

Market Outlook
Gold moved higher after soft US labor market data but the move not
lasted even after bullish news and moved down again showing the
weakness of gold. In the coming session weakness can continue in
gold. Crude oil was trading on high levels in the morning session
because of the supply worries but was not able to hold and in the
evening session went down and made new lows further decline can
be seen due to volatile global conditions. Base metals were weak due
to lack of demand and it seems weakness can be continued.
Fundamental News
Fundamental Factors
Us labor data was weak forecast was 261K but the actual
274K little bit higher than expected.

Huge wildfire is disrupting production of crude oil in Canada

and after long time import from US was surged showing
demand.

Base metals were showing weakness due to weak Chinese

statistics.

Important Data
Time

Currency

Event

Forecast

Previous

7:00am

AUD

RBA Monetary Policy

Statement

6:00pm

CAD

Employment Change

0.2K

6:00pm

CAD

Unemployment Rate

7.2%

6:00pm

USD

Average Hourly
Earnings m/m

0.3%

0.3%

6:00pm

USD

Non-Farm
Employment Change

203K

215K

6:00pm

USD

Unemployment Rate

5.0%

5.0%

40.6K

7.1%

Market Updates
MCX
Date
4-05-16
GOLD
29991
SILVER
41291
CRUDE
2901
COPPER
325.35
ALUMINIUM 108.70
LEAD
117.40
NICKEL
630.70
ZINC
125.75
NATURALGAS 143.50
COMEX
Date
4-05-16
GOLD
1274.40
SILVER
17.301
CRUDE
43.78
COPPER
2.187
USDINR
66.8850
$ INDEX
93.27

Date
5-05-16
29897
41227
2949
318.90
106.90
115.30
597.70
123.90
138.70
Date
5-05-16
1274.05
17.340
44.30
2.144
66.8025
93.77

% Chg
-0.31%
-0.15%
+1.65%
-1.98%
-1.66%
-1.79%
-5.23%
-1.47%
-3.34%
% Chg
-0.03%
+0.023%
+1.05%
-1.94%
-0.12%
+0.54%

Our Previous calls update

Intraday super star
Date

Commodity

Entry

Exit

P/L

5/05

ALUMINIUM

108.10

107.40

3500

Date Commodity
5/05
NICKEL
Trifid special

Entry
625

Exit
610

P/L
3500

Date
04/05

Entry
30375

Exit
30100

P/L
-27500

Multibagger

Commodity
GOLD

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Gold and Silver

GOLD

COMEX GOLD

PIVOTS S1
MCX
29970
COMEX 1273

S2
29750
1264

R1
30315
1284

R2
30550
1292

Gold today showed over all choppy movement, in morning

session it drag towards the support level of 30000 but after
US data it pull towards the important resistance level of
1290. Below 29900 it may show some correction on lower
side.

SILVER

COMEX SILVER

PIVOTS

S1

S2

R1

R2

SILVER over all showed sideways movement and move in

MCX
COMEX

41065
17.10

40700
16.95

41700
17.45

42070
17.65

range of 41000 to 41500. Now if it sustain below 41000 then

next support is seen around 40300.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

2960

2890

3045

3115

COMEX

43.35

43.85

45.35

45.75

COPPER

MCX Crude showed bullish movement in morning session

and found resistance around 3050 and drags towards the
support level of 3000, and found head and shoulder pattern
COMEX COPPER

PIVOTS

S1

S2

R1

R2

Copper continues on weak movement as all base metals

MCX

318.40

316.40

322

324.05

showed negative way it broke the support of trough of

COMEX

2.1260

2.1030

2.1630

2.1900

double top pattern and found the support of 320,if

bearishness continues the 315 will act as support level.

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Other Commodities
PIVOTS
COMMODITIES

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

105.90

104.90

107.90

108.90

8102

2630

Bearish

LEAD

114.50

113.50

116.50

117.50

16341

2650

Bearish

NICKEL

590

575

605

620

47195

17891

Bearish

ZINC

123

122

125

126

24444

3416

Bearish

NATURAL GAS

141

138.50

145

147

77553

8207

Bearish

LME Inventory
Commodities

28/04/16

29/04/16

3/05/2016

4/05/2016

5/05/2016

ALUMINIUM

-4250

-6750

-6650

-12350

-6275

COPPER

-1475

-1225

+5175

+1825

+225

LEAD

-375

+75

700

-200

+550

NICKEL

-600

+1686

+66

-1062

-1308

ZINC

-1175

-2525

-2475

-4275

-1125

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Agri Commodity Updates

CARDAMOM
Cardamom showed sideways movement from few days
and consolidated in the range of 770-810, now if it
sustain below 770 then breakout of channel pattern will
expected which drag it towards the support level of
760.

PIVOTS

S1

S2

R1

R2

775.50

762

800

813

GUARSEED
Guarseed is on bearish trend but today it showed some
correction on higher side and took resistance of 3290,
now again if it broke its support level of 3240 then
next support level is seen around 3200.

PIVOTS

S1

S2

R1

R2

3240

3210

3300

3335

SOYABEAN
Soyabean today showed some correction on higher
side and correct upto the resistance level of 4150 but
closed on lower note. Now fit it sustains below 4050
then next support level is seen around 4000.

PIVOTS

S1

S2

R1

R2

4050

4000

4150

4200

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Intraday Super Star

(Premium Section)

CALL: SELL LEAD BETWEEN 115.75-115.45 TARGETS 114.60/106.80 SL 116.80.

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Multibagger Call
(Premium Section)

CALL: SELL CRUDE BELOW 2960 TARGETS 2900/2800 SL 3020.

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Trifid Special
(Premium Section)

CALL: SELL SILVER BELOW 41000 TARGETS 40400 SL 41600.

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