Daily Market Reflection

2nd February 2017

Market Outlook COMDEX

Gold prices were little changed in European morning trade on
Wednesday, holding near the prior session's one-week high as
market players looked ahead to the outcome of the Federal
Reserve's policy meeting for further clues on the timing of the
next rate hike. Gold for April delivery on the Comex division of
the New York Mercantile Exchange dipped $1.00, or around
0.1%, to $1,210.35 a troy ounce by after rallying $15.40, or
about 1.3%, a day earlier. Oil edged further above $55 a barrel
on Wednesday supported by signs that Russia and OPEC
producers are delivering on promised supply reductions. Market Updates
MCX Date Date % Chg
31-01-17 01-02-
17
Fundamental News GOLD 28985 28843 -0.34%
SILVER 41931 41840 -0.17%
Prices of the yellow metal rose to a one-week high of $1,217.40
COPPER 405.80 403.25 -0.70%
on Tuesday. The Fed is expected to keep interest rates CRUDE 3612 3585 -0.80%
unchanged on Wednesday in its first policy decision since ALUMINIUM 123.10 122.20 -0.41%
President Donald Trump took office, as policymakers await LEAD 159.90 157.95 -1.03%
greater clarity on his economic policies. NICKEL 669.40 692.90 +2.71%
ZINC 193.50 193.20 -0.13%
Oil edged further above $55 a barrel on Wednesday supported NATURALGAS 212.80 213.90 +0.52%
by signs that Russia and OPEC producers are delivering on COMEX Date Date % Chg
promised supply reductions, although a report showing a large 31-01-17 01-02-17
rise in U.S. GOLD 1212.40 1205.65 -0.48%
SILVER 17.517 17.453 -0.51%
Important Data CRUDE 53.42 53.10 +0.55%
COPPER 2.729 2.708 -0.68%
Time Currency Event Forecas Previou $ INDEX 99.65 99.87 +0.34%
t s
USDINR 68.0675 67.460 +0.01%

12:30am USD FOMC Statement

OUR PREVIOUS CALLS UPDATE
Federal Funds Intraday super star
12:30am USD <0.75% <0.75%
Rate Date Commodity Entry Exit P/L
Unemployment 31/1 Natural Gas 211 - -
7:00pm USD 251K 259K
Claims Multibagger
Natural Gas Date Commodity Entry Exit P/L
9:00pm USD -82B -119B 31/1 Copper 409.50 - -
Storage
Trifid special
Date Commodity Entry Exit P/L
5:30pm GBP Official Bank Rate 0.25% 0.25%
31/1 Zinc 294.20 292.20 -
10000
ECB President
5:45pm EUR For our next calls click here..
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Draghi Speaks
 Gold and Silver

GOLD COMEX GOLD

Gold showed bullish movement and found the important

resistance level of 28950. Now if it will sustain above the
PIVOT S1 S2 R1 R2
S important resistance level of 29000 then 29250 will act
MCX 28000 28300 29000 29250 as next resistance level. On the other hand 28300 will
COME 1195 1180 1220 1233 act as a major support level.

SILVER COMEX SILVER

Silver showed bullish movement and found the important

PIVOTS S1 S2 R1 R2 resistance level of 42400. Now if it will sustain above
42500 then 43200 will act as next resistance level. On
MCX 41000 40400 42500 43200
the other hand 41000 will act as a major support level.
COMEX 17.00 16.50 18.00 18.50

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 Crude and Copper

CRUDE COMEX CRUDE

Crude showed bullish movement and found the

PIVOTS S1 S2 R1 R2 important resistance level of 3660. Now if it will close
above the important resistance level of 3700 then 3750
MCX 3540 3470 3700 3750
will act as next resistance level. On the other hand 3540
COMEX 52.10 51.00 54.00 55.00
will act as a major support level.

.
COPPER COMEX COPPER

Copper showed bullish movement and found the

important resistance level of 408.50. Now if it will close
PIVOTS S1 S2 R1 R2
above the important resistance level of 410 then 415
MCX 400 395 410 415 will act as next resistance level. On the other hand 400
COMEX 2.6400 2.6200 2.7300 2.7800 will act as a major support level.

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 Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND

S

ALUMINIUM 120 118 125 127 4294 1999 Bullish

LEAD 155 153 162 164 9776 1915 Bullish

NICKEL 670 650 700 725 29509 19439 Bullish

ZINC 189 186 197 200 15730 7410 Bullish

NATURAL GAS 210 206 220 225 57231 6442 Bearish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
COMMODITIES Bank Holiday NO LME
25/01/2017 DATA TODAY
27/01/2017 30/01/2017 31/01/2017 01/02/2017

ALUMINIUM +5350 -4150 -4475 -4875 +1025

COPPER -1125 -5200 -1625 -825 -75

LEAD -475 -1600 -2200 -1125 -400

NICKEL +50 -288 -708 +1284 +330

ZINC -3675 -2725 -2900 -3575 +1625

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 Agri Commodity Updates

GUARSEED
Guarseed found the important resistance level of
3350 and showed bullish movement. If prices sustain
above 3350 level in next trading session then this
bullish momentum can take prices to 3400 level. If it
breaks the support level of 3310 then 3270 will act
as next support level.

PIVOTS S1 S2 R1 R2

3310 3270 3350 3400

JEERA
Jeera found the important resistance level of 18150
and showed bullish movement. If prices sustain
above 18150 levels in next trading session then this
bullish momentum can take prices to 18300 levels.
If it breaks the support level of 17850 then 17400
will act as next support level.

PIVOTS S1 S2 R1 R2

17850 17400 18200 18500

SOYABEAN
Soyabean found the important resistance level of
3061 and showed bearish movement. If prices
sustain above 3061 level in next trading session
then bullish momentum can take prices to 3100
level. If it breaks the support level of 3025 then
3000 will act as next support level.

PIVOTS S1 S2 R1 R2

3025 3000 3065 3100

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 Intraday Super Star
(Premium Section)

CALL: SELL NATURAL GAS BELOW 211 TARGETS 208/205 SL 215.

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 Multibagger Call
(Premium Section)

CALL: SELL ALUMINIUM BELOW 120.50 TARGETS 119/118.50 SL 122.10.

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 Trifid Special
(Premium Section)

CALL: SELL LEAD BELOW 156 TARGETS 154/152 SL 158.

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