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Daily Market Reflection

10th May 2017

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Market Outlook COMDEX
Gold prices inched down in European trade on Tuesday, holding
near the prior session's seven-week low amid fading demand for
safe-haven assets. The yellow metal hit its lowest since March 16
at $1,221.00 on Monday as safe-haven demand ebbed. Oil prices
rose on Tuesday, but faced headwinds from concern over slowing
demand and the rise in U.S. crude output that has shaken
investors' faith in the ability of OPEC to rebalance the market.
Crude has been under pressure in recent weeks amid fears that
an ongoing rebound in U.S. shale production is derailing efforts Market Updates
by other major producers to rebalance global oil supply and MCX Date Date % Chg
demand. 8-05-17 9-05-17
GOLD 28091 27976 -0.41%
Fundamental News SILVER 38011 37805 -0.54%
The dollar advanced to session highs and weighed on dollar- COPPER 356.65 359.15 +0.70%
denominated gold, but downside momentum in the precious metal CRUDE 2980 2983 +0.10%
was capped, as a Macron victory was widely anticipated. ALUMINIUM 120.90 121.10 +0.17%
LEAD 139.80 140.40 +0.43%
The American Petroleum Institute (API) reports its estimates of NICKEL 589.70 597.20 +1.27%
crude and refined product stocks at the end of last week after the ZINC 166.85 168.80 +1.17%
market close on Tuesday. The figures are followed on Wednesday NATURALGAS 204.20 209.70 +2.68%
by official data from the U.S. energy Information Administration. COMEX Date Date % Chg
8-05-17 9-05-17
GOLD 1227.10 1217.50 -0.78%
SILVER 16.258 16.165 -0.57%
Important Data CRUDE 46.46 45.76 -1.29%
COPPER 2.494 2.499 +0.22%
Time Currency Event Foreca Previous $ INDEX 99.03 99.47 +0.44%
st USDINR 64.4775 64.7825 +0.47%
ECB President Draghi
05:30pm EUR
Speaks
OUR PREVIOUS CALLS UPDATE
06:00pm USD Import Prices m/m 0.2% -0.2% Intraday super star
Date Commodity Entry Exit P/L
Mortgage
10th-12th USD 4.80% 5/05 NICKEL 578 595 -4250
Delinquencies
Multibagger
08:00pm USD Crude Oil Inventories -2.0M -0.9M Date Commodity Entry Exit P/L
5/05 COPPER 355 359 -4000
Trifid special
10:31pm USD 10-y Bond Auction 2.33|2.5
Date Commodity Entry Exit P/L
Federal Budget 5/05 GOLD - - -
11:30pm USD 175.0B -176.2B
Balance For our next calls click here..
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Gold and Silver

GOLD COMEX GOLD

Gold showed sideways to bearish movement and broke


the important support level of 28000. Now if it will close
PIVOT S1 S2 R1 R2
S below the important support level of 28000 then 27700
MCX 28000 27700 28300 28600 will act as next support level. On the other hand 28300
COME 1215 1210 1235 1240 will act as a major resistance level.

SILVER COMEX SILVER

Silver showed sideways to bearish movement and found


PIVOTS S1 S2 R1 R2 the important support level of 37800. Now if it will close
below the important support level of 37800 then 37100
MCX 37800 37100 38500 39000
will act as next support level. On the other hand 38500
COMEX 16.00 15.70 16.50 16.70
will act as a major resistance level.

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Crude and Copper

CRUDE COMEX CRUDE

Crude showed sideways movement and found the


PIVOTS S1 S2 R1 R2 important resistance level of 3030. Now if it will close
above the important resistance level of 3030 then 3100
MCX 2940 2890 3030 3100
will act as next resistance level. On the other hand 2940
COMEX 45.30 44.80 46.00 47.00
will act as a major support level.

COPPER COMEX COPPER

Copper showed sideways movement and found the


important resistance level of 362. Now if it will close
PIVOTS S1 S2 R1 R2
above the important resistance level of 362 then 369
MCX 352 348 363 370 will act as next resistance level. On the other hand 354
COMEX 2.4750 2.4650 2.5050 2.5650 will act as a major support level.

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Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND


S

ALUMINIUM 119 117 122 124 4097 1846 Bearish

LEAD 138 136 142 144 10375 1666 Bearish

NICKEL 580 560 605 620 24287 36373 Bullish

ZINC 165 163 172 174 18998 3890 Bullish

NATURAL GAS 205 200 212 217 40942 8018 Bullish

LME INVENTORY
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Due to Summer
COMMODITIES Bank Holiday NO LME
3/05/2017 DATA TODAY
4/05/2017 5/05/2017 8/05/2017 9/05/2017

ALUMINIUM -16225 -7175 -10200 -7425 -7175

COPPER +31250 +32925 +36800 -3100 +32925

LEAD -725 +5550 -525 +3500 +5550

NICKEL +1290 +30 +210 +210 +30

ZINC -3500 +30 -2025 -1750 +30

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Agri Commodity Updates

GUARSEED
Guarseed showed bullish movement and found the
important resistance level of 3775. If prices sustains
below 3665 level in next trading session then this
momentum can take prices to 3600 level. If it breaks
the resistance level of 3800 then 3850 will act as
next resistance level.

PIVOTS S1 S2 R1 R2

3665 3600 3800 3850

JEERA
Jeera showed sideways movement today and found
the support level of 18250. If prices sustain below
18150 levels in next trading session then this
momentum can take prices to 17900 levels. If it
breaks the resistance level of 18750 then 19000 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

18100 17900 18750 19000

SOYABEAN
Soyabean showed sideways movement and found
the important support level of 2940. If prices sustain
below 2940 level in next trading session then this
bearish momentum can take prices to 2900 level. If
it breaks the resistance level of 3010 then 3050 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

2940 2900 3010 3050

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Intraday Super Star
(Premium Section)

CALL: BUY NATURAL GAS ABOVE 211 TARGETS 215/219 SL 203.

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Multibagger Call
(Premium Section)

CALL: SELL COPPER BELOW 361 TARGETS 358/355 SL 365.

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Trifid Special
(Premium Section)

CALL: SELL GOLD BELOW 28000 TARGET 27900/27800 SL 28150.

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