Daily Market Reflection

28thAugust 2017

27842 -
Market Outlook COMDEX
Gold prices edged towards $1,300 buoyed by falling
expectations of U.S. monetary policy tightening later this year,
after Janet Yellen failed to offer any details on monetary policy or
balance sheet normalization in a speech at Jackson Hole on
Friday. Crude oil prices moved higher on Friday, as energy
companies pulled workers from offshore oil platforms and halted
onshore drilling in south Texas in preparation for Hurricane
Harvey. Price strength and consolidation seems to be the order
of the day in the base metals, with tin and lead remaining the Market Updates
laggards. Given the overall upward momentum, we would not be MCX Date Date % Chg
surprised to see prices rise further, but as prices are in high 24-08-17 25-08-
ground. 17
GOLD 29099 29167 +0.23%
SILVER 38860 39012 +0.39%
Fundamental News COPPER 428.55 427.55 -0.23%
Gold prices had benefited from a weaker dollar earlier in the week, CRUDE 3041 3058 +0.56%
after U.S. President Donald Trump said he would be willing to shut ALUMINIUM 133.35 131.30 -1.54%
down the government to finance a wall along the U.S.-Mexico LEAD 149.65 147.30 -1.57%
border and that he might terminate the NAFTA trade treaty. NICKEL 748.90 729.30 -2.62%
Oil prices strengthened as markets prepared for potential output ZINC 199.20 195.50 -1.86%
disruptions as Hurricane Harvey headed for the heart of the U.S. NATURALGAS 189.20 185 -2.22%
oil industry in the Gulf of Mexico. COMEX Date Date % Chg
24-08-17 25-08-17
GOLD 1292 1295.92 +0.30%
SILVER 16.963 17.056 +0.55%
Important Data CRUDE 47.43 47.87 +0.93%
COPPER 3.034 3.039 +0.16%
$ INDEX 93.23 92.47 -0.82%
Time Currenc Event Forecast Previous USDINR 64.1275 64.0300 -0.10%
y

All Day GBP Bank Holiday OUR PREVIOUS CALLS UPDATE

Intraday super star
M3 Money Supply Date Commodity Entry Exit P/L
1:30pm EUR 4.9% 5.0%
y/y
25/0 LEAD 148.40 147.40 +5000
8
1:30pm EUR Private Loans y/y 2.7% 2.6%
Multibagger
Goods Trade Date Commodity Entry Exit P/L
6:00pm USD -64.5B -64.0B 24/0 ZINC 197.50 195.50 +1000
Balance
8 0
Prelim Wholesale Trifid special
6:00pm USD 0.3% 0.7%
Inventories m/m Date Commodity Entry Exit P/L
23/0 GOLD 29050 29200 -
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8 15000
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 Gold and Silver

GOLD COMEX GOLD

Gold showed bullish movement and found the important

resistance level of 29224. Now if it will close above the
PIVOT S1 S2 R1 R2
S important resistance level of 29300 then 29500 will act
MCX 29000 28800 29500 29800 as next resistance level. On the other hand 28800 will
COME 1285 1280 1295 1300 act as a major support level.

SILVER COMEX SILVER

Silver showed bullish movement and found the important

PIVOTS S1 S2 R1 R2 resistance level of 39288. Now if it will close above the
important resistance level of 39400 then 40000 will act
MCX 38500 38000 39400 40000
as next resistance level. On the other hand 38000 will
COMEX 16.85 16.70 17.10 17.25
act as a major support level.

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 Crude and Copper

CRUDE COMEX CRUDE

Crude showed sideways to bullish movement and found

PIVOTS S1 S2 R1 R2 the important resistance level of 3073. Now if it will
close above the important resistance level of 3100 then
MCX 3000 2950 3100 3150
3150 will act as next resistance level. On the other hand
COMEX 47.00 45.00 48.00 50.00
3000 will act as a major support level.

COPPER COMEX COPPER

Copper showed sideways to bearish movement and

found the important support level of 425.55. Now if it will
PIVOTS S1 S2 R1 R2
close below the important support level of 425 then 415
MCX 420 415 430 435 will act as next support level. On the other hand 435 will
COMEX 3.000 2.9500 3.0500 3.1000 act as a major resistance level.

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 Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND

S

ALUMINIUM 130 128 134 136 3986 2082 Bearish

LEAD 146 144 148 150 7977 2141 Bearish

NICKEL 720 705 740 755 24421 6989 Bearish

ZINC 194 192 198 200 17259 6566 Bearish

NATURAL GAS 183 180 188 191 21083 4646 Bearish

LME INVENTORY
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Due to Summer
COMMODITIES Bank Holiday NO LME
21/08/2017 DATA TODAY
22/08/2017 23/08/2017 24/08/2017 25/08/2017

ALUMINIUM +11150 +10500 +5750 +5750 -

COPPER -9650 -6000 -6175 -4475 -

LEAD -100 -500 -775 +1000 -

NICKEL -270 +942 +438 -774 -

ZINC -175 -700 -500 -125 -

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 Agri Commodity Updates

GUARSEED
Guarseed showed bullish movement and found the
important resistance level of 4235. If prices sustains
below 4150 level in next trading session then this
momentum can take prices to 4100 level. If it breaks
the resistance level of 4250 then 4300 will act as
next resistance level.

PIVOTS S1 S2 R1 R2

4150 4100 4250 4300

JEERA
Jeera showed bullish movement today and found
the resistance level of 20250. If prices sustain below
20000 levels in next trading session then this
momentum can take prices to 19800 levels. If it
breaks the resistance level of 20250 then 20500 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

20000 19700 20250 20500

SOYABEAN
Soyabean showed bullish movement and found the
important resistance level of 3285. If prices sustain
below 3250 level in next trading session then this
bearish momentum can take prices to 3200 level. If
it breaks the resistance level of 3300 then 3350 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

3250 3200 3300 3350

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 Intraday Super Star
(Premium Section)

CALL: SELL ZINC BELOW 195 TARGETS 194/193 SL 196.50.

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 Multibagger Call
(Premium Section)

CALL: SELL ALUMINIUM BELOW 130.80 TARGETS 129.80/128.80 SL 132.30.

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 Trifid Special
(Premium Section)

CALL: BUY GOLD ABOVE 29230 TARGETS 29330/29430 SL 29080.

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