Daily Market Reflection

22nd June 2016

Market Outlook

COMDEX

In the morning session gold and silver trading in negative zone and
continue in the evening session. In coming session bearishness can be
seen in bullions as correction on lower side. Crude oil showed
correction on higher side and buy on dips would be preferable. Base
metals were strong and coming session more bullishness may be seen,
buy on dips would be profitable strategy in base metals.

Fundamental News
Gold was down for a second session on Tuesday as Asian
shares
extended
Fundamental
Factorsa rally on growing expectations that Britain
would opt to remain in the European Union in a referendum later
this week.
Oil prices fell on Tuesday, as investors weighed continued
uncertainty ahead of the U.K.s referendum this week and
focused on the persistent overhang of crude.
Base metals other than aluminium were tracking lower on the
LME on Tuesday morning the previous days increases proved
short-lived and sentiment has turned more risk-off.
Important Data
Time

Currenc
y

Event

6:00pm

CAD

Core Retail Sales

m/m

6:00pm

CAD

Retail Sales m/m

USD
USD

HPI m/m
Fed Chair Yellen
Testifies

USD

Existing Home
Sales

6:30pm
7:30pm
7:30pm

8:00pm

USD

Crude Oil
Inventories

Foreca
st

Previou
s

Market Updates
MCX
Date
20-06-16
GOLD
SILVER
CRUDE

30695
41795
3375

Date
21-0616
30296
41355
3353

COPPER
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS
COMEX

312.65
109.90
116.60
623.70
136.05
185.80
Date
20-06-16
1292.10
17.514
49.96
2.093
67.3975
93.68

317.65
110.30
116.10
620.30
137.45
187.10
Date
21-06-16
1272.65
17.315
49.27
2.117
67.5775
94.02

GOLD
SILVER
CRUDE
COPPER
USDINR
$ INDEX

% Chg
-1.30%
-1.05%
-0.65%
+1.60%
+0.36%
-0.43%
-0.55%
+1.03%
+0.70%
% Chg
-1.51%
-1.14%
-1.38%
+1.15%
+0.27%
+0.36%

-0.3%
-1.0%
0.6%

5.53M

0.7%

5.45M

-0.9M

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity Entry
Exit
P/L
21/0 LEAD
116.90 116
6
Multibagger
Date Commodity Entry
Exit
21/0 ALUMINIUM 110
6
Trifid special
Date Commodity Entry
Exit
21/0 DHANIYA
7000
7100
6
For our next calls click here..

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-4500

P/L
-

P/L
10000

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

30200
1265

30000
1255

30500
1277

30800
1287

SILVER

Gold opened on lower note and in evening session

showed downward movement and found support of
30230. Now if it will break 30200 support levels than
30000 will act as next support level. On the other hand
30600 will be major resistance level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

41050
17.10

40500
16.90

41600
17.40

42000
17.62

Silver showed sideways to bearish movement. Now if it

will break the important support level of 41000 then
40500 act as next support level. On higher side 42000
will act as vital resistance level.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

3320

3285

3385

3415

COMEX

48.80

48.25

49.80

50.30

COPPER

Crude oil showed sideways movement and found

important resistance of 3385 on daily chart. Now if it
showed bullish movement and maintain above 3385
then 3440 will be next resistance level. On the lower
side important support is 3300.
COMEX COPPER

PIVOTS

S1

S2

R1

R2

MCX

314

311

317

320

COMEX

2.0930

2.0810

2.1090

2.1800

Copper showed strong movement

resistance of 317. Maintain above
resistance level will be seen at 321. If
happens on lower side then it drags
level of 312.

and found the

318 then next
some correction
towards support

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

108.90

107.80

110.80

111.65

7103

3327

Bullish

LEAD

115.90

115

118.20

119.30

14993

4335

Bullish

NICKEL

613.70

600.70

637

650

36667

19583

Bullish

ZINC

132.50

130

137.20

138.50

32358

5146

Bullish

NATURAL GAS

181.10

177

190

193

46774

9513

Bullish

LME INVENTORY
dasdasdinkjjlfcnl
COMMODITIES
15/06/2016

16/06/2016

17/06/2016

20/06/2016

21/06/2016

ALUMINIUM

-2475

-6450

-6200

-5025

-6625

COPPER

-1125

-3125

-3100

-1900

-1850

LEAD

-150

-150

-50

-50

-50

NICKEL

-1524

-516

-2382

-330

+156

ZINC

-875

-925

+17750

-2550

-1175

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Agri Commodity Updates

TURMERIC
Turmeric showed bullish movement and near to its
important resistance level of 8200. Now on higher
side 8200 will act as important resistance level
above which it will bounce towards the resistance
level of 8270. On lower side some correction drags it
towards the support level of 8070.
PIVOTS

S1

S2

R1

R2

8090

8010

8200

8270

DHANIYA
Dhaniya showed sideways to bullish movement and
found the resistance of 7100. Now on lower side
7035 will act as important support level below which
it will drag towards the support level of 6950. On
higher side some correction pulls it towards the
resistance level of 7200.

PIVOTS

S1

S2

R1

R2

7035

6980

7145

7200

CHANA
Chana showed sideways movement and found the
resistance of 6900. Now on higher side 6920 will act
as important resistance level above which it will
bounce towards the resistance level of 7050. On
lower side some correction drags it towards the
support level of 6800.

PIVOTS

S1

S2

R1

R2

6800

6700

6950

7050

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Intraday Super Star

(Premium Section)

CALL: BUY COPPER ABOVE 316.70 TARGETS 320/325 SL 311.50.

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Multibagger Call
(Premium Section)

CALL: BUY DHANIYA ABOVE 7100 TARGETS 7150/7200 SL 7025.

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Trifid Special
(Premium Section)

CALL: SELL GOLD BELOW 30230 TARGETS 30130/30000 SL 30350.

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