Daily Market Reflection

26th October 2016

COMDEX

Market Outlook
Gold prices edged up after the weak U.S. data, but increasing
probability of U.S. interest rate hike and a firm U.S. dollar kept
prices range-bound. Silver closed higher yesterday after
participants raised their bets amid firming global trends. Base
Metals were trading higher with Shanghai zinc surge to highest.
Industrial metal prices also drew support from factory surveys in
the U.S. and Europe that boasted the best readings of the year
so far with metals rallying 1-2% and copper striking its highest
since mid-month. Oil closed flat ahead of release of U.S. crude
inventory data which in recent weeks has provided bullish
surprises.
Fundamental News
Gold prices added to overnight gains during North America's
session on Tuesday, as market players looked ahead to more
U.S. economic data for clues on the likelihood of a December
rate hike.
U.S. natural gas futures plunged to the lowest level in almost
seven weeks on Tuesday, as forecasts showing unseasonably
warm temperatures across the U.S. Midwest in the days ahead
dampened demand expectations for the heating fuel.
Important Data
Time

Currency

6:00am

AUD

6:30pm

USD

6:30pm
7:15pm
7:30pm
8:00pm

Event

CPI q/q
Goods Trade
Balance
Prelim Wholesale
Inventories m/m
Flash Services
PMI

Foreca
st

Previou
s

0.5%

0.4%

-60.6B

-59.2B

Market Updates
MCX
Date
24-10-16

GOLD
SILVER
CRUDE
COPPER
$ INDEX

29763
42058
311.20
3355
109.50
135.30
677.60
154.85
191.30
Date
24-10-16
1263.70
17.604
50.52
2.093
98.64

Date
25-1016
29942
42415
317.25
3354
111.30
137.15
682
157.45
186.70
Date
25-10-16
1273.85
17.777
50.02
2.139
98.70

USDINR

66.8575

66.8300

GOLD
SILVER
COPPER
CRUDE
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS
COMEX

0.1%

-0.2%

+0.60%
+0.85%
+1.94%
-0.03%
+2.06%
+1.37%
+0.65%
+1.68%
-2.40%
% Chg
+0.80%
+0.98%
-1.01%
+2.20%
+0.06%
-0.04%

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity
Entry Exit
P/L

25/1 COPPER
0
Multibagger
52.4
52.3
USD
Date Commodity Entry
Exit
25/1 ZINC
154.35 156.35
New Home Sales
601K
609K
0
USD
Trifid special
Date Commodity Entry
Exit
Crude Oil
USD
0.7M
-5.2M
Inventories
25/1 SILVER
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| Toll Free: 1800-270-1410
0
For our next calls click here..
USD

% Chg

P/L
10000

P/L
-

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

29700
1258

29500
1248

30000
1275

30300
1285

SILVER

Gold showed sideways movement and found the

important resistance level of 29900. Now if it will close
above the important resistance level of 30000 then
30400 will act as next resistance level. On lower side
29700 will act as vital support level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

41800
17.40

41500
17.00

42600
17.80

43000
18

Silver showed bullish movement and found the important

resistance level of 42600. Now if it will maintain below its
support level of 41800 then 41500 will act as next
support level. On the other hand 42600 will act as
important resistance level.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

3350

3300

3400

3450

COMEX

49.75

49.25

50.75

51.25

COPPER

Crude showed bearish movement and found the

important support level of 3330. Now if price breaches
the key support level of 3300 then 3250 will act as next
support level. On the other hand 3430 will act as
important resistance level.
COMEX COPPER

PIVOTS

S1

S2

R1

R2

MCX

315

313

320

323

COMEX

2.1200

2.1100

2.1385

2.1485

Copper showed bullish movement and found the

important resistance level of 318. Now if it will break the
support level of 315 then 313 will act as next support
level. On the other hand 320 will act as a major
resistance level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

110.30

109

112.25

113.70

9375

1635

Bullish

LEAD

136

134.50

138.50

139.80

15050

3057

Bullish

NICKEL

675

665

690

700

26600

13616

Bullish

ZINC

156

154

158.40

160

23938

6064

Bullish

NATURAL GAS

208

205

214

218

90977

6361

Bearish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
Bank Holiday NO20/10/2016
LME DATA TODAY
COMMODITIES
19/10/2016

21/10/2016

24/10/2016

25/10/2016

ALUMINIUM

+24751

+36802

+18351

+16575

-22326

COPPER

+2624

-2049

-1801

-6827

-1148

LEAD

+601

-677

-676

-801

-302

NICKEL

-8

+1549

+580

-118

-863

ZINC

-277

-374

-174

-824

-1126

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Agri Commodity Updates

RMSEED
Rmseed showed bearish movement and found the
important support of 4500. Now if it will break the
support level of 4500 then 4450 will act as next
support level. On the other hand 4550 will act as a
major resistance level.

PIVOTS

S1

S2

R1

R2

4500

4450

4550

4600

JEERA
Jeera showed bullish movement and found its
resistance level of 17500. Now on higher side
17500 will act as important resistance level above
which it will pull towards the resistance level of
17800. On lower side bearish movement drags it
towards the support level of 17100.

PIVOTS

S1

S2

R1

R2

17150

16800

17500

17800

SOYABEAN
Soyabean showed bearish movement and found the
important support of 3090. Now if it will break the
support level of 3090 then 3060 will act as next
support level. On the other hand 3130 will act as a
major resistance level.

PIVOTS

S1

S2

R1

R2

3090

3060

3130

3160

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Intraday Super Star

(Premium Section)

CALL: SELL CRUDE BELOW 3330 TARGETS 3300/3250 SL 3380.

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Multibagger Call
(Premium Section)

CALL: BUY ZINC ABOVE 158.10 TARGETS 159.10/160.10 SL 156.60.

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Trifid Special
(Premium Section)

CALL: SELL ALUMINIUM BELOW 111 TARGETS 110/109 SL 112.50.

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