Daily Market Reflection

6th January 2017

Market Outlook

COMDEX

Gold and silver trade to bullish as the dollar slipped further from
a 14-year peak hit earlier this week. We expect in next session
more bullishness find in precious metals. Crude oil prices turned
negative after government data showed a big increase in U.S.
fuel stockpiles offset a large decline in commercial crude
inventories. In coming session we can seen some bullishness.
Base metals trade in red zone today and next coming session
may trade to bullish.
Fundamental News
Gold rose to its highest in four weeks on Thursday as the US
dollar stepped further away from a 14-year peak with investors
locking in gains from its two-month-old rally, and on a technical
rebound.
U.S. crude inventories fell by 7.1 million barrels in the week
through Dec. 30 as refineries hiked output. That compared with
expectations for a decline of about 2.2 million barrels.
On Thursday, the U.S. Energy Information Administration
reported that natural-gas stockpiles fell by 49 billion cubic feet
for the week ended Dec. 30,
Important Data
Time

Currency

Event

Forecas
t

Previou
s

Market Updates
MCX
Date
4-01-17
GOLD
27685
SILVER
40301
COPPER
383.30
CRUDE
3618
ALUMINIUM
114.95
LEAD
141.10
NICKEL
695.60
ZINC
177.85
NATURALGAS 221.40

Date
5-01-17
27946
40400
380.40
3640
115.45
138.50
696.20
176.70
218.20

+0.95%
+0.33%
-0.95%
+0.52%
+0.43%
-1.95%
-0.13%
-0.84%
-1.31%

GOLD
SILVER
CRUDE
COPPER
$ INDEX

Date
4-01-17
1165.30
16.552
53.26
2.557
102.49

Date
5-01-17
1183.15
16.648
53.33
2.535
101.48

-3.2%
Chg
+1.53%
+0.58%
+0.15%
-0.84%
-0.99%

USDINR

68.2250

68.1100

-0.17%

COMEX

% Chg

7:00pm

CAD

Employment
Change

-5.1K

10.7K

7:00pm

CAD

Trade Balance

-1.6B

-1.1B

7:00pm

CAD

Unemployment
Rate

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity
Entry
Exit
P/L

6.9%

6.8%

5/1

USD

Average Hourly
Earnings m/m

0.3%

7:00pm

7:00pm
7:00pm

-0.1%

CRUDE

3625

3670

Multibagger
Date Commodity Entry
Exit
5/1
LEAD
Trifid special
Date Commodity Entry
Exit
5/1
ZINC
For our next calls click here..

Non-Farm
Employment
175K
178K
Change
Unemployment
4.7%
4.6%
USD
Rate
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USD

4500
P/L
P/L
-

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

27800
1170

27600
1160

28000
1185

28200
1200

SILVER

Gold showed sideway to bullish movement and found

the important resistance level of 27950. Now if it will
sustain below the important support level of 27800 then
27600 will act as next support level. On the other hand
28000 will act as a major resistance level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

40000
16.40

39500
16.20

40800
16.80

41300
17.00

Silver showed sideways movement and found the

important resistance level of 40700. Now if it will sustain
below 40200 then 39700 will act as next support level.
On the other hand 40700 will act as a major resistance
level.
.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

3550

3500

3650

3725

COMEX

52.50

52.00

53.50

54.45

Crude showed sideways to bullish movement and found

the important resistance level of 3680. Now if it will
close above the important resistance level of 3700 then
3800 will act as next resistance level. On the other hand
3550 will act as a major support level.
.
COMEX COPPER

COPPER

PIVOTS

S1

S2

R1

R2

MCX

375

370

385

390

COMEX

2.5200

2.5000

2.5600

2.5800

Copper showed strong movement and found the

important resistance level of 388. Now if it will close
below the important support level of 374 then 368 will
act as next support level. On the other hand 390 will act
as a major resistance level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

113

112

117

119

3669

1396

Bullish

LEAD

137

134

142

145

10137

2253

Bearish

NICKEL

670

650

705

720

26932

17017

Bearish

ZINC

174

171

180

183

19443

6110

Bearish

NATURAL GAS

215

212

220

223

68095

5831

Bearish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
Bank Holiday NO LME
DATA TODAY
COMMODITIES
29/12/2016
30/12/2016

3/01/2017

4/01/2017

5/01/2017

ALUMINIUM

+6875

+22251

-3750

-5701

+25975

COPPER

-2751

-6125

-10401

-5949

-4100

LEAD

-51

-799

-51

-1000

-25

NICKEL

-125

-125

+787

-343

-804

ZINC

-476

-475

-475

-475

-175

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Agri Commodity Updates

GUARSEED
Guarseed found the important resistance level of
3370 and showed sideways to bullish movement. If
prices sustain below 3310 level in next trading
session then this bearish momentum can take prices
to 3270 level. If it breaks the resistance level of 3380
then 3420 will act as next resistance level.
PIVOTS

S1

S2

R1

R2

3310

3270

3380

3420

JEERA
Jeera showed sideways movement today and found
the support level of 18000. If prices sustain below
17900 levels in next trading session then this
bearish momentum can take prices to 17700 levels.
If it breaks the resistance level of 18200 then 18400
will act as next resistance level.

PIVOTS

S1

S2

R1

R2

17900

17700

18200

18400

SOYABEAN
Soyabean found the important support of 3065 and
showed bearish movement. If prices sustain below
3050 level in next trading session then this bearish
momentum can take prices to 3000 level. If it breaks
the resistance level of 3090 then 3130 will act as
next resistance level.

PIVOTS

S1

S2

R1

R2

3050

3000

3100

3130

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Intraday Super Star

(Premium Section)

CALL: SELL LEAD BELOW 138 TAREGTS 137/136 SL 139.50.

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Multibagger Call
(Premium Section)

CALL: SELL COPPER BELOW 378 TARGETS 373/368 SL 385.

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Trifid Special
(Premium Section)

CALL: BUY ZINC ABOVE 178.70 TARGETS 180.70/182.50 SL 175.

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