Daily Market Reflection

19th September 2016

Market Outlook

COMDEX

Gold steadied above two-week lows after downbeat U.S. data

curbed expectations for a U.S. rate rise next week but
uncertainty over monetary policy kept the metal on track for its
first weekly loss in this month. Gold prices are expected to trade
lower today on account of profit booking at higher levels and
stronger dollar. Base metals were weak today. Nickel traded
weak on a fading threat to Philippine mine supply. Oil prices fell
as news of rising Iranian exports and returning supplies from
Libya and Nigeria following interruptions fuelled concerns that
the global glut will persist. We expect oil prices to trade lower
today.

Market Updates
MCX
Date
15-09-16

Fundamental News
Gold fell to a two-week low on Friday after data showing fasterthan-expected growth in U.S. consumer prices last month
helped support the case for the Federal Reserve to raise
interest rates later this year and the dollar jumped.
Crude oil prices fell 2 percent on Friday to multi-week lows as
swelling Iranian exports reinforced fears of a global glut, while
gasoline rallied on refinery and pipeline outages.

Important Data
Time

All Day
4:31am
1:30pm
Tentativ
e

Currenc
y

Event

JPY

Bank Holiday

GBP

Rightmove HPI
m/m

-1.2%

Current Account

28.2B

EUR

Foreca
st

Previou
s

EUR

German Buba
Monthly Report

7:30pm

USD

NAHB Housing
Market Index

60

8:00pm

AUD

CB Leading Index
m/m

0.1%

GOLD
SILVER
COPPER

30910
45638
323.30

Date
16-0916
30813
45273
324.05

% Chg

CRUDE
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS
COMEX

2885
105.15
129.75
651.60
148.40
198.00
Date
16-09-16
1313.25
18.845
43.23
2.158
96.06

-2.14%
+0.67%
+0.42%
-0.27%
+1.07%
% Chg

GOLD
SILVER
CRUDE
COPPER
$ INDEX

2948
104.45
129.75
648.90
148.80
195.90
Date
15-09-16
1318.00
19.041
43.91
2.160
95.28

USDINR

67.1275

67.0850

-0.06%

-0.31%
-0.80%
+0.23%

-0.36%
-1.03%
-1.55%
-0.07%
+0.82%

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity Entry
Exit
P/L
16/0 NICKEL
9
Multibagger
Date Commodity Entry
Exit
16/0 ZINC
148.70 147.70
9
Trifid special
Date Commodity Entry
Exit
16/0 ALUMINIUM 9
For our next calls click here..

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P/L
5000

P/L
-

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

30790
1305

30550
1295

31150
1315

31380
1325

SILVER

Gold showed bearish movement and near to its support

level of 30790. Now if it will close above the important
resistance level of 31000 then 31250 will act as next
resistance level. On lower side 30750 will act as vital
support level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

45000
18.60

44500
18.40

46000
19.00

46500
19.20

Silver showed bearish movement in todays session.

Now if it will maintain above its resistance level of 46000
then 46500 will act as next resistance level. On the other
hand 45000 will act as important support level.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

2850

2800

2950

3050

COMEX

42.65

42.00

43.55

44.45

Crude oil showed bearish movement. Now if it will

maintain above 2950 then 3050 will be next resistance
level. On the other hand 2850 will act as important
support level.
COMEX COPPER

COPPER

PIVOTS

S1

S2

R1

R2

MCX

321

318

325

328

COMEX

2.1285

2.1135

2.1535

2.1600

Copper showed bullish movement and found the important

resistance of 325. Now if it will break the resistance level of
325 then 328 will act as next resistance level. On the other
hand 321 will act as a major support level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

104

102

106

107.50

6888

5327

Bullish

LEAD

128.50

127

131

133

14587

4746

Sideways

NICKEL

642

625

660

670

33192

25254

Bullish

ZINC

147.30

146

150

152.20

18736

6883

Bearish

NATURAL GAS

193

189

200

203

53059

9536

Bullish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
Bank Holiday NO13/09/2016
LME DATA TODAY
COMMODITIES
12/09/2016

14/09/2016

15/09/2016

16/09/2016

ALUMINIUM

- 6300

-1800

-9250

-625

-6025

COPPER

+3602

-825

-1875

-2275

-225

LEAD

NICKEL

-182

-24

+84

-6

-840

ZINC

-801

-150

-1125

-1100

-1125

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Agri Commodity Updates

DHANIYA
Dhaniya showed sideways to bullish movement and
found its important resistance level of 7900. Now on
higher side 7900 will act as important resistance
level above which it will pull towards the resistance
level of 8100. On lower side some correction will
take it towards the support level of 7600.
PIVOTS

S1

S2

R1

R2

7750

7650

7900

8000

RMSEED
Rmseed showed bearish movement and revert from
its resistance level of 4750. Now on higher side
4750 will act as important resistance level above
which it will pull towards the resistance level of
4800. On lower side bearish movement drags it
towards the support level of 4650.

PIVOTS

S1

S2

R1

R2

4650

4600

4750

4800

JEERA
Jeera showed sideways to bullish movement and
found resistance of 17950. Now on lower side
17650 will act as important support level below
which it will drag down towards the support level of
17450. On higher side some correction pulls it
towards the resistance level of 17950.

PIVOTS

S1

S2

R1

R2

17650

17450

17950

18150

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Intraday Super Star

(Premium Section)

CALL: SELL LEAD BELOW 129.50 TARGETS 128.70/127.50 SL 131.10.

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Multibagger Call
(Premium Section)

CALL: SELL ZINC BELOW 148 TARGETS 147/146 SL 149.50.

www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410

Trifid Special
(Premium Section)

CALL: SELL GOLD BELOW 30790 TARGETS 30690/30560 SL 30960.

www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410

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