Daily Market Reflection

16th September 2016

Market Outlook

COMDEX

Gold prices sank to fresh two-week lows on Thursday, as

investors digested the release of a host of U.S. economic data.
Data released earlier showed that retail sales in the U.S.
declined for the first time in five months, fueling concerns over
the economic outlook. Base metals were mostly low yesterday.
Oil recovered from steep overnight losses after the release of
stockpile data. Gains in oil prices were limited by ongoing supply
concerns with Libya and Nigeria looking to restore output after
disruptions. Natural gas prices closed higher yesterday, after
data showed that supplies in the U.S. rose less than forecast.

Fundamental News
Gold futures headed lower Thursday and were on track to mark
a sixth day of losses in seven sessions after a raft of U.S.
economic reports resulted in the precious metals price bouncing
around.
Base metals were mixed on Thursday morning on the LME, with
copper hovering around three-week highs while aluminium, lead
and zinc were lower.

Important Data
Time

6:00pm
6.00pm
6.00pm
6.00pm

Currenc
y

Foreca
st

Previou
s

CAD

Manufacturing
Sales m/m

0.6%

0.8%

CAD

Foreign Securities
Purchases

10.12B

9.02B

CPI m/m

0.1%

0.0%

Core CPI m/m

0.2%

0.1%

USD
USD

7:30pm

USD

7:30pm

USD

Event

Prelim UoM
Consumer
Sentiment
Prelim UoM
Inflation
Expectations

91.0

89.8
2.5

Market Updates
MCX
Date
14-09-16
GOLD
SILVER
COPPER

31038
45605
322.55

Date
15-0916
30910
45638
323.30

% Chg

CRUDE
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS
COMEX

2948
104.45
129.75
648.90
148.80
195.90
Date
15-09-16
1320.05
19.078
44.01
2.161
95.25

+0.34%
-0.81%
-0.42%
-1.53%
-1.98%
+1.24%
% Chg

GOLD
SILVER
CRUDE
COPPER
$ INDEX

2938
105.30
130.30
659
151.80
193.50
Date
14-09-16
1326.10
19.066
43.58
2.155
95.33

USDINR

67.0400

67.1350

+0.14%

-0.14%
+0.07%
+0.23%

-0.46%
+0.06%
+0.94%
+0.28%
-0.07%

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity Entry
Exit
P/L
15/0 CRUDE
2925
2900
9
Multibagger
Date Commodity Entry
Exit
15/0 GOLD
31000 30850
9
Trifid special
Date Commodity Entry
Exit
15/0 JEERA
9
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15000

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Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

30790
1315

30550
1305

31150
1330

31380
1340

SILVER

Gold showed choppy movement and near to its

resistance level of 31250. Now if it will close above the
important resistance level of 31250 then 31500 will act
as next resistance level. On lower side 30750 will act as
vital support level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

45000
18.60

44500
18.40

46000
19.25

46500
19.50

Silver showed sideways movement in todays session.

Now if it will maintain above its resistance level of 46000
then 46500 will act as next resistance level. On the other
hand 45000 will act as important support level.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

2900

2850

3025

3100

COMEX

43.65

43.00

44.55

45.45

Crude oil showed bearish movement. Now if it will

maintain above 3025 then 3150 will be next resistance
level. On the other hand 2900 will act as important
support level.
COMEX COPPER

COPPER

PIVOTS

S1

S2

R1

R2

MCX

320

317

324

326

COMEX

2.1275

2.1135

2.1485

2.1550

Copper showed bearish movement and found the important

support of 321.50. Now if it will break the resistance level of
324 then 328 will act as next resistance level. On the other
hand 320 will act as a major support level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

103

101

106

107.50

7080

6201

Bearish

LEAD

128.50

127

131

133

15593

4626

Bearish

NICKEL

642

625

660

670

39254

26316

Bearish

ZINC

147.80

146

150

152.20

20360

7342

Bearish

NATURAL GAS

193

189

198

200

74144

8599

Bullish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
Bank Holiday NO12/09/2016
LME DATA TODAY
COMMODITIES
9/09/2016

13/09/2016

14/09/2016

15/09/2016

ALUMINIUM

-7052

- 6300

-1800

-9250

-625

COPPER

+12378

+3602

-825

-1875

-2275

LEAD

+1148

NICKEL

+80

-182

-24

+84

-6

ZINC

-1001

-801

-150

-1125

-1100

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Agri Commodity Updates

DHANIYA
Dhaniya showed sideways to bullish movement and
found its important resistance level of 7780. Now on
higher side 7800 will act as important resistance
level above which it will pull towards the resistance
level of 7950. On lower side some correction will
take it towards the support level of 7600.
PIVOTS

S1

S2

R1

R2

7700

7600

7800

8000

RMSEED
Rmseed showed bullish movement and found its
resistance level of 4750. Now on higher side 4750
will act as important resistance level above which it
will pull towards the resistance level of 4800. On
lower side bearish movement drags it towards the
support level of 4675.

PIVOTS

S1

S2

R1

R2

4700

4650

4750

4800

JEERA
Jeera showed sideways to bullish movement and
found resistance of 17800. Now on lower side
17650 will act as important support level below
which it will drag down towards the support level of
17450. On higher side some correction pulls it
towards the resistance level of 17950.

PIVOTS

S1

S2

R1

R2

17550

17350

17800

18000

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Intraday Super Star

(Premium Section)

CALL: SELL NICKEL BELOW 648 TARGETS 638/625 SL 665.

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Multibagger Call
(Premium Section)

CALL: SELL ZINC BELOW 148.70 TARGETS 147.70/146.50 SL 150.50.

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Trifid Special
(Premium Section)

CALL: SELL ALUMINIUM BELOW 104 TARGETS 102.80/101.50 SL 105.50.

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