Daily Market Reflection

09thJanuary 2019
COMDEX
Market Outlook

MCX Gold falls on morning session on today but after downfall it

took good recovery from lower levels and also test major
resistance of 31700 and for upcoming session it may continue
with bullish trend if price maintains above 31750. MCX Crude oil
trades on higher level and may be continue with this rally on next
trading session. MCX Copper also took some correction after
bearish movement and next trading session if it hold 415 then we Market
will continue to suggest some more recovery up to next MCX Date Date % Chg
resistance level i.e. 425 levels. 07-01-19 08-01-
19
GOLD 31633 31728 +0.25%
Fundamental News SILVER 39239 39340 +0.30%
COPPER 409.65 413.15 +0.83%
Prices of Gold fell on Tuesday, as the dollar recovered from lows
CRUDE 3436 3478 +1.05%
and hopes for a trade deal between China and the United States
ALUMINIUM 130.60 130.25 -0.27%
whetted risk appetite, making bullion less attractive. LEAD 136.15 137.70 +1.14%
NICKEL 777 785.20 +1.19%
Prices rose of Crude oil on Tuesday, supported by hopes that ZINC 176.25 176 -0.06%
talks in Beijing between U.S. and Chinese officials might defuse a NATURALGAS 205 212.40 +3.46%
trade dispute between the world's two biggest economies, while COMEX Date Date % Chg
OPEC-led supply cuts also tightened markets. 07-01-19 08-01-19
GOLD 1289.26 1284.92 -0.36%
SILVER 15.756 15.685 -0.45%
CRUDE 48.52 49.72 +2.47%
COPPER 2.637 2.649 +0.46%
$ INDEX 95.228 95.477 +0.26%
Important Data USDINR 69.8200 70.3550 +0.77%
-

Time Currency Event Forecast Previou

s OUR PREVIOUS CALLS UPDATE
Intraday super star
8:30am CAD Overnight Rate 2.00% 1.75%
Date Commodity Entry Exit P/L
08/0 GUAESED(S 4390 4310 8000
BOC Rate 1 )
7:00pm CAD - -
Statement Multibagger
Date Commodity Entry Exit P/L
BOE Gov Carney
9:00pm GBP - - 08/0 ZINC(L) 176.50 177.50 5000
Speaks
1
FOMC Member Trifid special
Rosengren Speaks Date Commodity Entry Exit P/L
10:00pm USD - -
08/0 GOLD(S) - - UNEX
1

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 Gold and Silver
GOLD COMEX GOLD

SS

Gold showed sideways to bullish movement and found

PIVOT S1 S2 R1 R2
the major resistance level of 31710. Now if price
S
sustains on higher level then it will test next resistance
MCX 31565 31400 31710 31879
level of 31879. On other side 31565 will be major
COME 1279.15 1274.50 1286.15 1291.30 support level.
X

SILVER COMEX SILVER

PIVOTS S1 S2 R1 R2 Silver showed sideways to bullish movement and found

the major resistance level of 39370. Now if price
MCX 38889 38610 39370 39650 sustains on higher level then it will test next resistance
COMEX 15.46 15.25 15.67 15.85 level of 39650. On other side 38889 will be major
support level.

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 Crude and Copper
COMEX CRUDE
CRUDE

PIVOTS S1 S2 R1 R2 Crude oil showed sideways to bullish movement and

MCX 3400 3330 3520 3650 found the major resistance level of 3520. Now if price
sustains on higher level then it will test next resistance
COMEX 48.33 47.14 49.92 50.90 level of 3650. On other side 3400 will be major support
level.

COPPER COMEX COPPER

PIVOTS S1 S2 R1 R2 Copper showed sideways to bullish movement and

found the major resistance level of 413.80. Now if price
MCX 408.55 402 413.80 418.50 sustains on higher level then it will test next resistance
COMEX 2.6148 2.5823 2.6443 2.6745 level of 418.50. On other side 408.50 will be major
support level.

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 Other Commodities
PIVOTS

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND

S

ALUMINIUM 129.60 128 130.65 133 5739 4477 Bullish

LEAD 136 134.30 137.95 140 12913 2733 Bearish

NICKEL 772.30 760 788.60 800 30278 13867 Bullish

ZINC 174.85 173 177.75 180 27252 3455 Bullish

NATURAL GAS 204.40 198 214.80 220 50544 3293 Bullish

LME INVENTORY

COMMODITIES 02/01/2019 03/01/2019 04/01/2019 07/01/2019 08/01/2019

ALUMINIUM +1925 -200 +5575 -2450 +7450

Due to Summer Bank Holiday NO LME DATA TODA
COPPER +0 +225 - -50 -50

LEAD -75 +0 -75 -250 -25

NICKEL -930 -300 -348 -900 -900

ZINC -325 +0 -550 -525 -325

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 Agri Commodity Updates
GUARSEED
Guarseed showed bearish movement and found the
important support level of 4248. If price maintains
above 4330 level in next trading session then this
momentum can take prices to 4380 level. If it breaks
the support level of 4240 then 4200 will act as next
support level.

PIVOTS S1 S2 R1 R2

4240 4200 4330 4380

JEERA
Jeera showed bearish movement today and found
the support level of 16855. If prices maintains
above 17200 levels in next trading session then this
momentum can take prices to 17500 levels. If it
breaks the support level of 16800 then 16500 will
act as next support level.

PIVOTS S1 S2 R1 R2

16800 16500 17200 17500

SOYABEAN
Soyabean showed bullish movement and found the
important resistance level of 3600. If price maintains
below 3610 level in next trading session then this
bearish momentum can take prices to 3650 level. If
it breaks the resistance level of 3550 then 3500 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

3550 3500 3610 3650

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 Intraday Super Star
(Premium Section)

CALL: SELL CASTOR FEB BELOW 5310 TARGETS 5270/5230 SL 5370.

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 Multibagger Call
(Premium Section)

CALL: SELL ZINC BELOW 174.90 TARGETS 173.90/172.90 SL 175.90.

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 Trifid Special
(Premium Section)

SS

CALL: SELL GOLD BELOW 31570 TARGETS 31470/31370 SL 31670.

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