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Daily Market Reflection

10th October 2016

COMDEX

Market Outlook
Gold prices slipped as dollar firmed after the Non-farm payrolls
and employment data. Bullion may take correction after this
heavy breakdown in prices. Base metals closed mixed in which
Copper faced its biggest weekly fall while Nickel also looked
fragile. Oil prices closed lower on Friday, over doubts that an
OPEC-led plan to cut output would rein in a global oversupply
that has dogged markets for over two years. OPEC and NonOPEC producers plan to meet informally in Istanbul on Oct 813th to review Algiers agreement implementation.

Fundamental News
Gold futures saw volatile trading on Friday, giving up earlier
gains from weaker-than-expected U.S. employment data as
some strength in the dollar helped the yellow metal push its
weekly losses to more than 5%.
Oil fell nearly 2 percent on Friday as players took profit on rally
with little pause over the past week that propelled prices to fourmonth highs on hopes of OPEC crude output cuts.

Important Data
Time

All Day
11:15am

Currency

Event

USD

Bank Holiday

CHF

Unemployment
Rate
German Trade
Balance
M2 Money Supply
y/y

Foreca
st

Previou
s

3.4%

Market Updates
MCX
Date
6-10-16
GOLD
29575
SILVER
41521
COPPER
320.15
CRUDE
3368
ALUMINIUM
111.65
LEAD
137.30
NICKEL
684.50
ZINC
154.90
NATURALGAS 203.90
COMEX
Date
6-10-16
GOLD
1253.00
SILVER
17.345
CRUDE
50.44
COPPER
2.156
$ INDEX
96.66

Date
7-10-16
29578
41865
321.55
3323
111.35
138.55
680.90
155.10
212.40
Date
7-10-16
1253.25
17.422
49.80
2.166
96.70

USDINR

66.8375

66.8450

EUR

19.4B

+0.01%
+0.83%
+0.44%
-1.34%
-0.27%
+0.91%
-0.53%
+0.13%
+4.17%
% Chg
+0.03%
+0.44%
-1.21%
+0.49%
+0.03%
-0.01%

OUR PREVIOUS CALLS UPDATE


Intraday super star
Date Commodity Entry
Exit
P/L

07/1 ALUMINIUM
0
Multibagger
10th-16th
11.4%
CNY
Date Commodity Entry
Exit
07/1 NATURAL G 205.20 210
Italian Industrial
1:30pm
0.4%
EUR
0
Production m/m
Trifid special
Sentix
Investor
Date Commodity Entry
Exit
EUR
2:00pm
5.6
Confidence
07/1 CRUDE
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| Toll Free: 1800-270-1410
0
For our next calls click here..
11:30am

% Chg

P/L
6000

P/L
-

Gold and Silver


GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

29400
1245

29100
1235

29800
1260

30000
1270

SILVER

Gold showed sideways movement and near to its


support level of 29500. Now if it will close above the
important resistance level of 29800 then 30100 will act
as next resistance level. On lower side 29400 will act as
vital support level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

41100
17.10

40500
16.90

42500
17.65

43000
17.85

Silver showed bullish movement in todays session. Now


if it will maintain above its resistance level of 42300 then
42750 will act as next resistance level. On the other
hand 41000 will act as important support level.

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Crude and Copper


CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

3325

3275

3400

3450

COMEX

49.80

49.10

50.70

51.00

Crude oil showed sideways movement. Now if it will


maintain above 3400 then 3450 will be next resistance
level. On the other hand 3300 will act as important
support level.
COMEX COPPER

COPPER

PIVOTS

S1

S2

R1

R2

MCX

321

318

324

327

COMEX

2.1520

2.1360

2.1800

2.1900

Copper showed sideways to bullish movement and found the


important resistance of 323.50. Now if it will break the
support level of 320 then 317 will act as next support level.
On the other hand 325 will act as a major resistance level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

110.50

109.50

112.50

113.80

3058

3536

Bearish

LEAD

135.50

134

139

140.50

17396

5582

Bullish

NICKEL

672

660

690

705

30481

18104

Bearish

ZINC

154

152.50

156.50

158

19622

9009

Bullish

NATURAL GAS

210

207

215

218

66390

7577

Bullish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
Bank Holiday NO4/10/2016
LME DATA TODAY
COMMODITIES
3/10/2016

5/10/2016

6/10/2016

7/10/2016

ALUMINIUM

+30422

-6547

-6404

-7577

-7478

COPPER

-452

-3252

-3474

-5322

-4428

LEAD

-202

+151

+377

+49

+26

NICKEL

+208

-538

-910

-277

-277

ZINC

-270

+8872

+5322

+4753

-202

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Agri Commodity Updates


SOYAREF
Soyaref showed sideways to bearish movement and
found its important support level of 656. Now on
higher side 660 will act as important resistance level
above which it will pull towards the resistance level
of 665. On lower side some correction will take it
towards the support level of 655.
PIVOTS

S1

S2

R1

R2

655

650

660

664

RMSEED
Rmseed showed bearish movement and found its
support level of 4570. Now on higher side 4600 will
act as important resistance level above which it will
pull towards the resistance level of 4625. On lower
side bearish movement drags it towards the support
level of 4550.

PIVOTS

S1

S2

R1

R2

4550

4525

4600

4630

JEERA
Jeera showed bullish movement and found
resistance of 17200. Now on lower side 16900 will
act as important support level below which it will
drag down towards the support level of 16700. On
higher side some correction pulls it towards the
resistance level of 17300.

PIVOTS

S1

S2

R1

R2

16900

16700

17300

17500

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Intraday Super Star


(Premium Section)

CALL: SELL NICKEL ABOVE 675 TARGETS 665/650 SL 690.

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Multibagger Call
(Premium Section)

CALL: BUY LEAD ABOVE 139 TARGETS 140.50/142 SL 136.50.

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Trifid Special
(Premium Section)

CALL: BUY MENTHAOIL ABOVE 873 TARGETS 883/895 SL 860.

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