Daily Market Reflection

9th May 2017

-
Market Outlook COMDEX
Gold prices edged up a bit on Monday, but held near a seven-
week low after pro-European Union centrist Emmanuel Macron
beat anti-EU, anti-immigration far-rightist Marine Le Pen to clinch
the French presidency. Oil prices gave up early gains on Monday,
as the market weighed news from OPEC and other producers
about prolonging output cuts against data showing the recovery in
U.S. drilling had extended for a year. The base metals remain
under pressure and prices are vulnerable as support levels have
either been breached, as in the case of nickel and copper, or are Market Updates
being tested. MCX Date Date % Chg
5-05-17 8-05-17
Fundamental News
GOLD 28072 28091 +0.06%
Gold gained in Asia after centrist Emmanuel Macron matched SILVER 38018 38011 -0.01%
opinion poll expectations and beat anti-EU far-right candidate COPPER 361.45 356.65 -1.32%
Marine Le Pen and as investors looked ahead to China trade data. CRUDE 2969 2980 +0.37%
ALUMINIUM 122.05 120.90 -0.94%
Crude has been under pressure in recent weeks amid fears that LEAD 140.45 139.80 -0.46%
an ongoing rebound in U.S. shale production is derailing efforts by NICKEL 589.70 589.70 -
other major producers to rebalance global oil supply and ZINC 166.70 166.85 +0.08%
demand.U.S. Drillers last week added rigs for the 16th week in a NATURALGAS 210.20 204.20 -2.85%
row, data showed on Friday, implying that further gains in domestic COMEX Date Date % Chg
production are ahead. 5-05-17 8-05-17
GOLD 1226.90 1227.46 +0.05%
SILVER 16.274 16.305 +0.19%
Important Data CRUDE 46.22 46.13 -0.19%
COPPER 2.529 2.492 -1.44%
Time Currency Event Foreca Previous $ INDEX 98.42 98.98 +0.57%
st USDINR 64.5425 64.4750 -0.10%
French Gov Budget
12:15pm EUR -21.5B
Balance

Italian Retail Sales OUR PREVIOUS CALLS UPDATE

01:30pm EUR 0.2% -0.3% Intraday super star
m/m
Date Commodity Entry Exit P/L
NFIB Small Business
03:30pm USD 104.0 104.7 5/05 NICKEL - - -
Index
Multibagger
07:30pm USD JOLTS Job Openings 5.67M 5.74M Date Commodity Entry Exit P/L
5/05 COPPER - - -
Trifid special
Mortgage
9th-12th USD 4.80% Date Commodity Entry Exit P/L
Delinquencies
5/05 GOLD - - -
Final Wholesale For our next calls click here..
07:30pm USD -0.1% -0.1%
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Inventories m/m
 Gold and Silver

GOLD COMEX GOLD

Gold showed sideways to bearish movement and found

the important support level of 28055. Now if it will close
PIVOT S1 S2 R1 R2
S below the important support level of 28000 then 27700
MCX 28000 27700 28300 28600 will act as next support level. On the other hand 28300
COME 1220 1215 1235 1240 will act as a major resistance level.

SILVER COMEX SILVER

Silver showed sideways to bearish movement and found

PIVOTS S1 S2 R1 R2 the important support level of 37900. Now if it will close
below the important support level of 37800 then 37000
MCX 37800 37000 38500 39000
will act as next support level. On the other hand 38500
COMEX 16.15 15.90 16.50 16.70
will act as a major resistance level.

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 Crude and Copper

CRUDE COMEX CRUDE

Crude showed sideways movement and found the

PIVOTS S1 S2 R1 R2 important resistance level of 3020. Now if it will close
above the important resistance level of 3040 then 3100
MCX 2930 2880 3040 3100
will act as next resistance level. On the other hand 2930
COMEX 45.00 43.50 47.00 48.00
will act as a major support level.

COPPER COMEX COPPER

Copper showed sideways movement and found the

important resistance level of 359. Now if it will close
PIVOTS S1 S2 R1 R2
above the important resistance level of 363 then 377
MCX 352 348 359 365 will act as next resistance level. On the other hand 352
COMEX 2.4520 2.3975 2.5050 2.5650 will act as a major support level.

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 Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND

S

ALUMINIUM 119 117 122 124 5107 1934 Bearish

LEAD 138 136 142 144 10151 1706 Bearish

NICKEL 575 560 600 615 23017 38507 Bullish

ZINC 163 161 168 170 15665 3869 Bullish

NATURAL GAS 201 196 208 213 38192 6226 Bearish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
COMMODITIES Bank Holiday NO LME
2/05/2017 DATA TODAY
3/05/2017 4/05/2017 5/05/2017 8/05/2017

ALUMINIUM -12050 -16225 -7175 -10200 -7425

COPPER -6050 +31250 +32925 +36800 -3100

LEAD +4150 -725 +5550 -525 +3500

NICKEL -462 +1290 +30 +210 +210

ZINC -825 -3500 +30 -2025 -1750

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 Agri Commodity Updates

GUARSEED
Guarseed showed bullish movement and found the
important resistance level of 3775. If prices sustains
below 3665 level in next trading session then this
momentum can take prices to 3600 level. If it breaks
the resistance level of 3800 then 3850 will act as
next resistance level.

PIVOTS S1 S2 R1 R2

3665 3600 3800 3850

JEERA
Jeera showed sideways movement today and found
the support level of 18250. If prices sustain below
18150 levels in next trading session then this
momentum can take prices to 17900 levels. If it
breaks the resistance level of 18750 then 19000 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

18100 17900 18750 19000

SOYABEAN
Soyabean showed bearish movement and found the
important support level of 2940. If prices sustain
below 2940 level in next trading session then this
bearish momentum can take prices to 2900 level. If
it breaks the resistance level of 3010 then 3050 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

2940 2900 3010 3050

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 Intraday Super Star
(Premium Section)

CALL: SELL NICKEL BELOW 578 TARGETS 568/558 SL 595.

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 Multibagger Call
(Premium Section)

CALL: SELL COPPER BELOW 355 TARGETS 352/347 SL 359.

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 Trifid Special
(Premium Section)

CALL: SELL GOLD BELOW 28000 TARGET 27900/27800 SL 28150.

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