Daily Market Reflection

6th March 2017

Market Outlook COMDEX

Gold prices moved lower on Friday, as growing expectations for
a March rate hike in the U.S. and a stronger U.S. dollar
continued to weigh on the precious metal. The greenback
remained broadly supported after a number of Federal Reserve
officials this week expressed their support for a March rate hike.
Oil markets rose on Friday as the dollar edged away from a
multi-week high, but prices are being held in check by
unchanged Russian output for February, a sign of its weak
compliance on a global deal to cut supplies.
Market Updates
Fundamental News MCX Date Date % Chg
2-03-17 3-03-17
Gold demand in Asia was tepid this week with investors delaying GOLD 29166 29020 -0.51%
fresh purchases anticipating a further drop in local prices as the SILVER 42231 42051 -0.31%
global spot market was pressured by expectations of a hike in COPPER 397.95 398.60 +0.14%
interest rates by the U.S. Federal Reserve. CRUDE 3537 3557 +0.57%
ALUMINIUM 127.50 126.15 -1.06%
Russia's February oil output was unchanged from January at LEAD 150.80 150.55 -0.23%
11.11 million barrels per day (bpd), energy ministry data NICKEL 723.90 735.40 +1.80%
showed, with cuts remaining at 100,000 bpd or just a third of the ZINC 185.65 185.70 +0.03%
levels pledged by Moscow under the agreement with the NATURALGAS 188.30 187 -0.64%
Organization of the Petroleum Exporting Countries. COMEX Date Date % Chg
2-03-17 3-03-17
GOLD 1232.75 1232.90 +0.01%
SILVER 17.758 17.748 -0.06%
Important Data
CRUDE 52.82 52.61 -0.40%
COPPER 2.686 2.691 +0.19%
Time Currency Event Forecas Previou
$ INDEX 102.17 102.16 -0.01%
t s
USDINR 66.9000 66.9075 +0.01%

6:00am AUD Retail Sales m/m 0.4% -0.1%

ANZ Job
OUR PREVIOUS CALLS UPDATE
6:00am AUD Advertisements 4.0%
Intraday super star
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Date Commodity Entry Exit P/L
2:40pm EUR Retail PMI 50.1 3/3 NICKEL - - -
Multibagger
Sentix Investor
3:00pm EUR 18.8 17.4 Date Commodity Entry Exit P/L
Confidence
3/3 ZINC - - -
MPC Member Trifid special
5:00pm GBP Date Commodity Entry Exit P/L
Hogg Speaks
3/3 GOLD 29140 28960 18000
Factory Orders
8:30pm USD 1.1% 1.3% For our next calls click here..
m/m
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 Gold and Silver

GOLD COMEX GOLD

Gold showed bearish movement and found the important

support level of 28950. Now if it will sustain below the
PIVOT S1 S2 R1 R2
S important support level of 28850 then 28650 will act as
MCX 28900 28700 29250 29500 next support level. On the other hand 29350 will act as a
COME 1230 1215 1240 1255 major resistance level.

SILVER COMEX SILVER

Silver showed bearish movement and found the

PIVOTS S1 S2 R1 R2 important support level of 42350. Now if it will sustain
below 42300 then 41800 will act as next resistance level.
MCX 42200 41800 43000 43500
On the other hand 43000 will act as a major support
COMEX 17.70 17.50 18.00 18.20
level.

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 Crude and Copper

CRUDE COMEX CRUDE

Crude showed sideways to bearish movement and

PIVOTS S1 S2 R1 R2 found the important support level of 3520. Now if it will
close above the important resistance level of 3500 then
MCX 3500 3450 3600 3650
3400 will act as next resistance level. On the other hand
COMEX 52.50 51.70 53.20 54.00
3600 will act as a major support level.

.
COPPER COMEX COPPER

Copper showed sideways to bearish movement and

found the important support level of 396. Now if it will
PIVOTS S1 S2 R1 R2
close below the important support level of 395 then 390
MCX 395 390 402 410 will act as next support level. On the other hand 402 will
COMEX 2.6960 2.6750 2.7500 2.7700 act as a major resistance level.

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 Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND

S

ALUMINIUM 125 123 128 131 6570 2970 Bearish

LEAD 148 146 153 155 10649 1615 Bearish

NICKEL 720 700 745 760 26205 10807 Bullish

ZINC 183 181 188 191 20292 5254 Bullish

NATURAL GAS 183 180 190 193 60378 8298 Bearish

LME INVENTORY
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Due to Summer
COMMODITIES Bank Holiday NO LME
27/02/2017 DATA TODAY
28/02/2017 1/03/2017 2/03/2017 3/03/2017

ALUMINIUM +27875 -86505 -12500 -7625 -19850

COPPER -3925 -3775 -2375 -725 -3575

LEAD +525 -575 -150 +300 -150

NICKEL -1068 -1146 +312 +666 -714

ZINC +4475 -1750 -50 -25 -1025

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 Agri Commodity Updates

GUARSEED
Guarseed found the important resistance level of
3814 and showed bullish movement. If prices
sustains below 3675 level in next trading session
then this bearish momentum can take prices to 3600
level. If it breaks the resistance level of 3820 then
3880 will act as next resistance level.

PIVOTS S1 S2 R1 R2

3675 3600 3820 3880

JEERA
Jeera showed bearish movement today and found
the support level of 16750. If prices sustain below
16700 levels in next trading session then this
bearish momentum can take prices to 16500 levels.
If it breaks the resistance level of 17100 then 17400
will act as next resistance level.

PIVOTS S1 S2 R1 R2

16700 16500 17100 17400

SOYABEAN
Soyabean showed bearish movement and found the
important support level of 2890. If prices sustain
below 2890 level in next trading session then this
bearish momentum can take prices to 2860 level. If
it breaks the resistance level of 2930 then 2970 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

2890 2850 2930 2970

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 Intraday Super Star
(Premium Section)

CALL: SELL LEAD BELOW 149.50 TARGET 148.50/147.50 SL 151.20.

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 Multibagger Call
(Premium Section)

CALL: BUY SILVER ABOVE 42650 TARGETS 42850/43050 SL 42250.

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 Trifid Special
(Premium Section)

CALL: SELL ZINC BELOW 184.30 TARGETS 182/180 SL 187.50.

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