Daily Market Reflection

30th August 2016

Market Outlook

COMDEX

Gold and silver slid after comments from top Federal Reserve
officials fuelled speculation that U.S. interest rates would rise
sooner rather than later, weighing on the dollar. Copper prices
remain near two-month lows as supply remains higher and
inventories continue to surge. Oil prices fell, pressured by high
output from Middle East members. Oil prices may trade lower as
global supply glut continues to bother investors while the crude
inventories in the US at around 519 million barrels still remains
very high at this point of the year. Non-farm payrolls will be
closely watched this week.
Fundamental News
Gold futures on Monday attempted to stage a rebound after
suffering from their largest weekly decline since mid-July.
Oil futures fell on Monday, as investors locked in their profits on
growing expectations that the U.S. Federal Reserve could raise
interest rates as early as next month and a group of major crude
producers may fail to come up with a pact to stabilize output.
Hedge funds and other speculators raised their bullish bets
fueled by speculation that OPEC will agree next month to
production freeze deal with non-OPEC members.
Important Data
Time

Currenc
y

Event

Foreca
st

Previou
s

12:30pm

EUR

Spanish Flash CPI

y/y

-0.5%

-0.6%

2:00pm

GBP

Net Lending to
Individuals m/m

4.9B

5.2B

6:00pm

CAD

Current Account

-16.8B
1.8%

6:00pm

CAD

RMPI m/m

6:30pm

USD

S&P/CS
Composite-20 HPI
y/y

5.1%

USD

CB Consumer
Confidence

97.2

7:30pm

5.2%
97.3

Market Updates
MCX
Date
26-08-16
GOLD
SILVER
COPPER

30990
43977
307.95

Date
29-0816
31075
44367
308.35

% Chg

CRUDE
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS
COMEX

3173
109.50
125.35
659.80
156.05
193.80
Date
29-08-16
1327.65
18.820
47.20
2.082
95.51

-0.66%
-0.05%
+0.08%
+0.46%
+0.19%
-2.02%
% Chg

GOLD
SILVER
CRUDE
COPPER
$ INDEX

3194
109.55
125.25
656.80
155.75
194.10
Date
26-08-16
1325.90
18.651
47.64
2.085
95.48

USDINR

67.0650

67.1825

+0.18%

+0.27%
+0.89%
+0.13%

+0.13%
+0.91%
-0.92%
-0.12%
+0.03%

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity Entry
Exit
P/L
29/0 RMSEED
4610
4580
8
Multibagger
Date Commodity Entry
Exit
29/0 GUARSEED 3510
3410
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Trifid special
Date Commodity Entry
Exit
29/0 NATURAL G. 8
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Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

30800
1315

30650
1305

31100
1330

31300
1340

SILVER

Gold showed bullish movement. Now if it will close below

the important support level of 30800 then 30650 will act
as next support level. On higher side 31200 will act as
vital resistance level.

COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

43500
18.40

43000
18.20

44000
18.80

44500
19.00

Silver showed sideways to bullish movement in todays

session. Now if it will sustain below its support level of
43500 then 43000 will act as next support level. On the
other hand 44750 will act as important resistance level.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

3150

3100

3200

3255

COMEX

46.45

46.00

47.35

48.00

Crude oil showed sideways movement. Now if it will

maintain above 3200 then 3300 will be next resistance
level. On the other hand 3125 will act as important
support level.
COMEX COPPER

COPPER

PIVOTS

S1

S2

R1

R2

MCX

306

304

310

313.50

COMEX

2.0650

2.0450

2.0800

2.0960

Copper showed bearish movement and drag towards the

support level of 307. Now if it will break the support level of
307 then 303 will act as next support level. On the other
hand 311 will act as a major resistance level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

108.70

107.50

110.20

111.50

758

1887

Bullish

LEAD

124.20

123

126.50

128

2310

2013

Bullish

NICKEL

651

635

670

685

9944

14559

Bullish

ZINC

154.80

153.30

157

158.50

7242

9784

Bullish

NATURAL GAS

192.40

189.50

196.50

198.50

51568

6050

Bullish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
Bank Holiday NO24/08/2016
LME DATA TODAY
COMMODITIES
23/08/2016

25/08/2016

26/08/2016

ALUMINIUM

-7025

+24570

-5325

-7426

COPPER

+10700

+14626

+9175

+7701

LEAD

-250

-252

-350

-76

NICKEL

-144

-340

-792

-1850

ZINC

-100

+177

-200

-901

29/08/2016

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Agri Commodity Updates

DHANIYA
Dhaniya showed sideways to bullish movement and
found its important resistance level of 8000. Now on
higher side 8000 will act as important resistance
level above which it will pull towards the resistance
level of 8200. On lower side some correction will
take it towards the support level of 7650.
PIVOTS

S1

S2

R1

R2

7750

7550

8000

8200

RMSEED
Rmseed showed bearish movement and found its
support level of 4525. Now on higher side 4575 will
act as important resistance level above which it will
pull towards the resistance level of 4600. On lower
side bearish movement drags it towards the support
level of 4525.

PIVOTS

S1

S2

R1

R2

4525

4500

4575

4600

JEERA
Jeera showed bearish movement and found support
of 17500. Now on lower side 17500 will act as
important support level below which it will drag
down towards the support level of 17000. On higher
side some correction pulls it towards the resistance
level of 17900.

PIVOTS

S1

S2

R1

R2

17500

17300

17800

18000

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Intraday Super Star

(Premium Section)

CALL: SELL COPPER BELOW 307.80 TARGETS 305.50/303 SL 311.

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Multibagger Call
(Premium Section)

CALL: BUY ZINC ABOVE 156.10 TARGETS 157.10/158.10 SL 154.50.

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Trifid Special
(Premium Section)

CALL: SELL DHANIYA BELOW 7800 TARGETS 7700/7600 SL 7950.

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