Daily Market Reflection

1st February 2017

Market Outlook

COMDEX

Gold prices were higher in European morning trade on Tuesday,

adding to the prior session's gains amid uncertainty over the
outlook for U.S policy after President Donald Trump introduced
immigration curbs that sparked criticism at home and abroad.
Oil prices fell on Tuesday as rising U.S. drilling activity offset
efforts by OPEC and other producers to cut output in a move to
prop up the market. The dollar was on course for its worst start
to a year since 2008 on Tuesday as concerns over the broader
shape of policy under President Trump outweighed the
expectations of higher U.S.All the base metals are is good up
move.
Fundamental News
Gold prices were higher in European morning trade on Tuesday,
adding to the prior session's gains amid uncertainty over the
outlook for U.S policy after President Donald Trump introduced
immigration curbs that sparked criticism at home and abroad.
Brent crude oil prices fell around 5 percent from their early
January peak as rising U.S. drilling activity offset efforts by
OPEC and other producers to cut output in an effort to prop up
the market. Brent crude futures.

Important Data
Time

6:45pm
8:30pm
9:00pm
3:00pm
6:30am
4:05am

Currency

Forecas
t

Previou
s

USD

ADP Non-Farm
Employment
Change

165K

153K

USD

ISM Manufacturing
PMI

55.0

54.7

USD

Crude Oil
Inventories

GBP

Manufacturing PMI

55.9

CNY

Event

Manufacturing PMI
BOC Gov Poloz
Speaks

Market Updates
MCX
Date
30-01-17
GOLD
SILVER
COPPER
CRUDE
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS

28555
41372
398.10
3582
122.30
160.30
655.70
188.50
220.40

Date
31-0117
28985
41931
405.80
3612
123.10
159.90
669.40
193.50
212.80

COMEX

Date
31-01-17
1212.40
17.517
53.42
2.729
99.65

% Chg

GOLD
SILVER
CRUDE
COPPER
$ INDEX

Date
30-01-17
1196.00
17.152
52.63
2.655
100.40

USDINR

68.1700

68.0675

-0.15%

51.2

56.1
51.4

+1.62%
+1.35%
+1.96%
+0.87%
+0.74%
-0.34%
+1.90%
+2.17%
-3.45%

+1.36%
+2.10%
+1.50%
+2.79%
-0.78%

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity
Entry
Exit
P/L
31/1

2.8M

% Chg

SILVER

41630

41930

Multibagger
Date Commodity Entry
Exit
31/1 CRUDE
3563
3603
Trifid special
Date Commodity Entry
Exit
31/1 NG
219.70 213.70
For our next calls click here..

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CAD

9000
P/L
-4000
P/L
7500

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

28500
1200

28300
1190

28850
1215

29000
1230

SILVER

Gold showed bullish movement and found the important

resistance level of 28830. Now if it will sustain above the
important resistance level of 28850 then 29000 will act
as next resistance level. On the other hand 28500 will
act as a major support level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

41000
17.00

40500
16.50

42000
18.00

42500
18.50

Silver showed bullish movement and found the important

resistance level of 41990. Now if it will sustain above
42000 then 42500 will act as next resistance level. On
the other hand 41000 will act as a major support level.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

3550

3500

3640

3700

COMEX

52.20

51.00

54.00

55.00

Crude showed bullish movement and found the

important resistance level of 3622. Now if it will close
above the important resistance level of 3650 then 3700
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

400

395

410

415

COMEX

2.6850

2.6200

2.7300

2.7800

Copper showed bullish movement and found the

important resistance level of 406.50. Now if it will close
above the important resistance level of 407 then 410
will act as next resistance level. On the other hand 401
will act as a major support level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

120

118

125

127

1993

866

Bullish

LEAD

157

155

163

165

7051

1272

Bullish

NICKEL

650

630

690

710

23389

8711

Bullish

ZINC

190

187

195

198

8491

1616

Bullish

NATURAL GAS

210

207

216

220

53214

7510

Bearish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
Bank Holiday NO LME
DATA TODAY
COMMODITIES
24/01/2017
25/01/2017

27/01/2017

30/01/2017

31/01/2017

ALUMINIUM

-4550

+5350

-4150

-4475

-4875

COPPER

-2500

-1125

-5200

-1625

-825

LEAD

-250

-475

-1600

-2200

-1125

NICKEL

+3534

+50

-288

-708

+1284

ZINC

-2475

-3675

-2725

-2900

-3575

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Agri Commodity Updates

GUARSEED
Guarseed found the important resistance level of
3268 and showed bullish movement. If prices sustain
above 3275 level in next trading session then this
bullish momentum can take prices to 3300 level. If it
breaks the support level of 3230 then 3200 will act
as next support level.
PIVOTS

S1

S2

R1

R2

3230

3200

3300

3350

JEERA
Jeera found the important resistance level of 17940
and showed bullish movement. If prices sustain
above 18000 level in next trading session then this
bullish momentum can take prices to 18400 level. If
it breaks the support level of 17450 then 17000 will
act as next support level.

PIVOTS

S1

S2

R1

R2

17400

17000

18000

18500

SOYABEAN
Soyabean found the important resistance level of
3043 and showed bullish movement. If prices
sustain above 3050 level in next trading session
then this bullish momentum can take prices to 3100
level. If it breaks the support level of 3000 then
2950 will act as next support level.

PIVOTS

S1

S2

R1

R2

3000

2950

3050

3100

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Intraday Super Star

(Premium Section)

CALL: SELL NATURAL GAS BELOW 211 TARGETS 208/205 SL 215.

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Multibagger Call
(Premium Section)

CALL: BUY COPPER ABOVE 409.50 TARGETS 412.50/415.50 SL 405.50.

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Trifid Special
(Premium Section)

CALL: BUY ZINC ABOVE 194.20 TARGETS 195.20/196.20 SL 192.70.

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