Daily Market Reflection

14 th July 2016
Market Outlook

COMDEX

Gold and silver showed sideways movement in the last trading

session. Precious metals were showing strong bullish
movement from brexit but now rally has been halted. In coming
session more correction can be seen in precious metals and
buying on dips would be profitable strategy. Crude oil showed
strong bearish movement when the supply in US was higher
than expected. In coming session some short term weakness
can be seen in crude oil.
Fundamental News
Gold climbed, snapping the biggest two-day loss since March,
as
expectations
for more central bank stimulus boosted demand
Fundamental
Factors
for an alternative to currencies. Silver also rose.
Most base metals, including nickel, copper and brass, surged at
the non-ferrous metal market here today on stockists buying
amid persistent demand from industrial users.
Oil fell on Wednesday after the International Energy Agency
(IEA) warned that a global supply glut threatened a price
recovery and data showed an unexpected weekly gain in U.S.
crude stocks.
Important Data
Time

4:30pm
4:30pm
6:00pm

Currenc
y
GBP
GBP

USD

Event
MPC Official Bank
Rate Votes
Official Bank Rate
PPI m/m

Foreca
st

Previou
s

0-9-0

0-9-0

0.25%

0.50%

0.3%

0.4%

6:00pm

USD

Unemployment
Claims

263K

254K

6:00pm

USD

Core PPI m/m

0.1%

0.3%

8:00pm

USD

Natural Gas
Storage

39B

Market Updates
MCX
Date
12-07-16
GOLD
SILVER
CRUDE

31039
47342
3142

Date
13-0716
31274
47830
3007

COPPER
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS
COMEX

330.30
112
125.60
701.%
146.70
184
Date
12-07-16
1343.60
20.413
44.75
2.237
67.3225
96.36

334.30
111.60
125.45
688.90
145.80
184.10
Date
13-07-16
1339.85
20.388
45.36
2.242
67.1975
96.23

GOLD
SILVER
CRUDE
COPPER
USDINR
$ INDEX

% Chg
+0.76%
+1.03%
-4.30%
+1.21%
-0.36%
-0.12%
-1.78%
-0.61%
+0.05%
% Chg
-0.29%
-0.10%
+1.36%
+0.22%
-0.19%
-0.13%

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity Entry
Exit
P/L
12/0 COPPER
331
335
7
Multibagger
Date Commodity Entry
Exit
12/0 LEAD
125.90 126.90
7
Trifid special
Date Commodity Entry
Exit
12/0 SILVER
47400 47750
7
For our next calls click here..

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4000

P/L
5000

P/L
10500

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

31090
1336

30850
1327

31400
1347

31600
1357

SILVER

Gold showed sideways movement and traded in the

range of 31300 to 31100. Now if it will break the
important support level of 31000 then 30500 will act as
next support level. On higher side 31500 will act as vital
resistance level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

47000
20.10

46200
19.85

48500
20.55

49300
20.80

Silver showed sideways movement. Now if it will break

the resistance level of 48200 then 48800 will act as next
resistance level. On lower side 47000 will act as vital
support level.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

2980

2900

3060

3160

COMEX

44.40

43.00

45.80

47.00

COPPER

Crude oil showed bearish movement and closed around

the important support of 3000. Now if it will maintain
above 3150 then 3225 will be next resistance level. On
the other hand 2850 will act as important support level.
COMEX COPPER

PIVOTS

S1

S2

R1

R2

MCX

332

328

337

341

COMEX

2.2200

2.1950

2.2415

2.2650

Copper showed bearish movement in whole trading session

and found support of 332. Now if it will break the resistance
of 335 then 338 will act as next resistance level. On the other
hand 327 will act as a major support level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

110.30

108.90

112.50

114

5821

2184

Bearish

LEAD

123.90

122.70

126.90

128

13681

2685

Bearish

NICKEL

690

675

715

730

47038

13016

Bearish

ZINC

145.60

143.80

147.70

149

19798

10139

Bearish

NATURAL GAS

180

175

190

195

44834

5707

Bullish

LME INVENTORY
dasdasdinkjjlfcnl
COMMODITIES
7/07/2016

8/07/2016

11/07/2016

12/07/2016

13/07/2016

ALUMINIUM

-5925

-5775

-7075

-6050

-6050

COPPER

-1825

+2500

-625

+12150

-1700

LEAD

-100

-125

-125

NICKEL

+636

-936

+408

+384

+282

ZINC

-950

-575

-650

-125

-250

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Agri Commodity Updates

TURMERIC
Turmeric showed bullish movement after found the
important resistance level of 8100. Now on lower
side 8000 will act as important support level below
which it will drags towards the support level of 7900.
On higher side some correction will take it towards
the resistance level of 8200.
PIVOTS

S1

S2

R1

R2

7980

7880

8100

8180

DHANIYA
Dhaniya showed bullish movement and found the
resistance of 7780. Now on higher side 7800 will act
as important resistance level above which it will
bounce towards the resistance level of 8000. On
lower side some correction pulls it towards the
support level of 7550.

PIVOTS

S1

S2

R1

R2

7625

7540

7780

7850

SOYABEAN
Soyabean showed sideways movement and break
its important resistance level of 3850. Now on lower
side 3820 will act as important support level below
which it will drags towards the support level of 3775.
On higher side some correction it towards the
resistance level of 3870.

PIVOTS

S1

S2

R1

R2

3820

3770

3870

3900

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Intraday Super Star

(Premium Section)

CALL: BUY CRUDE ABOVE 3020 TARGETS 3040/3060 SL 2985.

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Multibagger Call
(Premium Section)

CALL: BUY LEAD ABOVE 125.70 TARGETS 126.70/127.70 SL 124.20.

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Trifid Special
(Premium Section)

CALL: BUY DHANIYA ABOVE 7780 TARGETS 7850/7950 SL 7680.

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