Daily Market Reflection

23rd March 2017

Market Outlook COMDEX

Gold prices rose to a three-week high on Wednesday, as growing
doubts about U.S. President Donald Trump's pro-growth
economic agenda prompted investors to dump risky assets and
rush to safe havens. It settled higher for the fourth session in a
row on Tuesday, as risk-averse investors sought safer
investments amid a weak dollar and as U.S. Oil prices slipped
back towards three-month lows on Wednesday after data showed
U.S. crude inventories rising faster than expected, piling pressure
on OPEC to extend output cuts beyond June. Market Updates
MCX Date Date % Chg
Fundamental News 21-03-17 22-03-
17
Gold is highly sensitive to rising U.S. rates, because they
GOLD 28866 28900 +0.17%
increase the opportunity cost of holding non-yielding bullion SILVER 41315 41242 -0.10%
while boosting the dollar, in which it is priced. Gold fell in the COPPER 379.15 381.90 +0.73%
run-up to the Fed's rate hike last week, with hedge funds and CRUDE 3168 3168 -
money managers sharply cut their net long position in COMEX ALUMINIUM 125.35 125.40 +0.08%
gold futures. LEAD 148.50 154.70 +4.03%
NICKEL 663.80 658.90 -0.52%
India's oil output in February fell 3.4 percent to about 2.80 ZINC 183.90 186.70 +1.52%
million tonnes year-over-year, while natural gas output declined NATURALGAS 201.20 197.90 -1.02%
about 1.7 percent to 2.50 billion cubic metres (bcm), preliminary COMEX Date Date % Chg
government data showed. 21-03-17 22-03-17
GOLD 1246.50 1249.65 +0.24%
Important Data SILVER 17.583 17.578 -0.03%
CRUDE 48.24 47.95 -0.60%
COPPER 2.619 2.635 +0.63%
Time Currency Event Forecast Previous
$ INDEX 99.55 99.40 -0.15%
USDINR 65.3075 65.1500 +0.31%
3:00pm GBP Retail Sales m/m 0.4% -0.3%

Long Term OUR PREVIOUS CALLS UPDATE

Tentativ Intraday super star
EUR Refinancing 62.2B
e
Operation Date Commodity Entry Exit P/L
Unemployment 22/3 COPPER - - -
6:00pm USD 240K 241K
Claims Multibagger
Fed Chair Yellen Date Commodity Entry Exit P/L
6:15pm USD 22/3 ALUMINIUM 125 126 +5000
Speaks
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7:30pm USD New Home Sales 566K 555K Date Commodity Entry Exit P/L
Natural Gas 22/3 NICKEL - - -
USD -147B -53B
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 Gold and Silver

GOLD COMEX GOLD

Gold showed bullish movement and found the important

resistance level of 28950. Now if it will sustain below the
PIVOT S1 S2 R1 R2
S important support level of 28750 then 28500 will act as
MCX 28800 28500 29000 29200 next support level. On the other hand 29000 will act as a
COME 1240 1225 1250 1265 major resistance level.

SILVER COMEX SILVER

Silver showed bullish movement and found the important

PIVOTS S1 S2 R1 R2 resistance level of 41350. Now if it will sustain below
41000 then 40500 will act as next support level. On the
MCX 40900 40400 41300 41800
other hand 41900 will act as a major resistance level.
COMEX 17.35 17.20 17.67 17.80

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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 3100. Now if it will
close below the important support level of 3100 then
MCX 3100 3050 3150 3200
3050 will act as next support level. On the other hand
COMEX 47.20 46.50 48.00 48.80
3150 will act as a major resistance level.

COPPER COMEX COPPER

Copper showed bearish movement and found the

important support level of 376. Now if it will close below
PIVOTS S1 S2 R1 R2
the important support level of 375 then 370 will act as
MCX 375 370 380 385 next support level. On the other hand 382 will act as a
COMEX 2.5600 2.5400 2.5950 2.6150 major resistance level.

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 Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND

S

ALUMINIUM 123.50 122 126 127.50 7767 1677 Bullish

LEAD 152 150 157 159 28230 2959 Bullish

NICKEL 650 635 675 690 30880 25794 Bearish

ZINC 185 182 188 190 25008 4778 Bullish

NATURAL GAS 196 193 203.50 207 37101 5084 Bearish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
COMMODITIES Bank Holiday NO LME
16/03/2017 DATA TODAY
17/03/2017 20/03/2017 21/03/2017 22/03/2017

ALUMINIUM -11475 -11850 -10125 -10850 -10450

COPPER -1500 -1426 -4625 -3125 -5875

LEAD -125 -125 -125 -400 +175

NICKEL -1476 -666 -1434 -876 -234

ZINC -1551 -1251 -800 +3750 -1275

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 Agri Commodity Updates

GUARSEED
Guarseed found the important resistance level of
3900 and showed bullish movement. If prices
sustains below 3800 level in next trading session
then this bearish momentum can take prices to 3750
level. If it breaks the resistance level of 3900 then
3950 will act as next resistance level.

PIVOTS S1 S2 R1 R2

3800 3850 3900 3950

JEERA
Jeera showed sideways movement today and found
the support level of 16900. If prices sustain below
16900 levels in next trading session then this
bearish momentum can take prices to 16700 levels.
If it breaks the resistance level of 17400 then 17600
will act as next resistance level.

PIVOTS S1 S2 R1 R2

17000 16800 17400 17600

SOYABEAN
Soyabean showed sideways movement and found
the important resistance level of 2945. If prices
sustain below 2900 level in next trading session
then this bearish momentum can take prices to
2860 level. If it breaks the resistance level of 2950
then 2980 will act as next resistance level.

PIVOTS S1 S2 R1 R2

2900 2860 2950 2980

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 Intraday Super Star
(Premium Section)

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

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 Multibagger Call
(Premium Section)

CALL: BUY GOLD ABOVE 28930 TARGETS 29030/29130 SL 28790

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 Trifid Special
(Premium Section)

CALL: SELL NICKEL BELOW 656 TARGETS 646/636 SL 671

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