Daily Market Reflection

17th May 2017

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Market Outlook COMDEX
Gold prices inched higher on Tuesday, trying for its fifth-straight
winning session as signs of slowing economic activity in the U.S. saw
investors temper expectations for more rate hikes by the Federal
Reserve. Oil Tuesday held onto overnight gains posted on Saudi and
Russian backing for an extension of an output cut deal. The Saudi and
Russian energy ministers Monday lent support for a nine-month
extension of the output deal to the end of March. The firmer tone
from yesterday seen in most of the metals and from last week in Market Updates
copper, aluminium and nickel, is looking fragile. MCX Date Date % Chg
15-05-17 16-05-17
Fundamental News GOLD 27992 28094 +0.36%
The yellow metal notched a fourth-straight winning session on SILVER 38502 38744 +0.62%
COPPER 361.55 362.45 +0.24%
Monday after rising to its highest since May 4 at $1,237.40, following
CRUDE 3149 3123 -0.82%
the release of underwhelming U.S. manufacturing data.
ALUMINIUM 122.25 123.45 +0.98%
LEAD 136.35 133.45 -2.12%
In order to rein in a glut, Saudi Arabia and Russia said on Monday that
NICKEL 587.10 585.60 -0.25%
they agreed to the need for 1.8 million barrels per day (bpd) crude
ZINC 164.70 163.05 -1.00%
supply cut to be extended for nine months, until the end of March
NATURALGAS 215 206.30 -4.04%
2018.
COMEX Date Date % Chg
15-05-17 16-05-17
Important Data GOLD 1230 1236.58 +0.55%
SILVER 16.603 16.752 +0.89%
Time Currency Event Forecast Previous CRUDE 48.85 48.76 -0.16%
COPPER 2.539 2.548 +0.35%
$ INDEX 98.81 98.12 -0.70%

2:00pm GBP Average Earnings Index 2.4% 2.3% USDINR 64.1925 64.1775 -0.02%
3m/y OUR PREVIOUS CALLS UPDATE
Claimant Count Intraday super star
2:00pm GBP 25.5K
Change Date Commodity Entry Exit P/L
15/05 NICKEL - - -
2:00pm GBP Unemployment Rate 4.7% 4.7%
Multibagger

2:30pm EUR Final CPI y/y 1.9% 1.9% Date Commodity Entry Exit P/L
15/05 ZINC 164 162 +10000
Manufacturing Sales Trifid special
6:00pm CAD 1.1% -0.2%
m/m Date Commodity Entry Exit P/L
9/05 GOLD - - -
8:00pm USD Crude Oil Inventories -5.2M For our next calls click here..
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 Gold and Silver

GOLD COMEX GOLD

Gold showed sideways movement and find the important

PIVOTS S1 S2 R1 R2 resistance level of 28150. Now if it will close above the
MCX 27900 27700 28150 28300 important resistance level of 28150 then 28300 will act as
COMEX 1230 1225 1239 1244 next resistance level. On the other hand 27900 will act as a
major support level.

SILVER COMEX SILVER

Silver showed sideways movement and found the important

PIVOTS S1 S2 R1 R2 resistance level of 38800. Now if it will close above the
MCX 38500 38200 38800 39100 important resistance level of 38800 then 39100 will act as
COMEX 16.50 16.30 16.80 17.00 next resistance level. On the other hand 38500 will act as a
major support level.

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 Crude and Copper

CRUDE COMEX CRUDE

Crude showed sideways to bearish movement and find the

PIVOTS S1 S2 R1 R2 important support level of 3110. Now if it will close below
MCX 3110 3060 3180 3230 the important support level of 3110 then 3060 will act as
COMEX 48.55 47.55 49.55 50.55 next support level. On the other hand 3180 will act as a
major resistance level.

COPPER COMEX COPPER

Copper showed sideways movement and find the

PIVOTS S1 S2 R1 R2 important resistance level of 364. Now if it will close above
the important resistance level of 364 then 369 will act as
MCX 358 353 364 369
next resistance level. On the other hand 358 will act as a
COMEX 2.5250 2.4650 2.5401 2.6001
major support level.

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 Other Commodities

PIVOT
S
COMMODITIES S1 S2 R1 R2 VOLUME OI TREND

ALUMINIUM 120 118 124 126 6687 2518 Bullish

LEAD 130 128 135 137 14029 3225 Bearish

NICKEL 580 560 600 615 35031 38918 Bearish

ZINC 160 158 165 167 20122 3768 Bearish

NATURAL GAS 202 198 210 215 50099 5097 Bearish

LME INVENTORY
dasdasdinkjjlfcnlad
Due to Summer Bank Holiday NO LME DATA TODAY
COMMODITIES 10/05/2017 11/05/2017 12/05/2017 15/05/2017 16/05/2017
iInventory
ALUMINIUM -7225 -5775 -8650 -11125 -8750

COPPER -3625 -2475 -7350 -4225 -2650

LEAD +2250 -650 +4825 +4825 +100

NICKEL +660 +456 -1224 -972 +100

ZINC +4700 +475 -2050 +1075 +3075

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 Agri Commodity Updates

GUARSEED
Guarseed showed bearish movement and found the
important support level of 3560. If prices sustains below
3550 level in next trading session then this momentum
can take prices to 3500 level. If it breaks the resistance
level of 3675 then 3850 will act as next resistance level.

PIVOTS S1 S2 R1 R2

3550 3500 3675 3850

JEERA
Jeera showed bearish movement today and found the
support level of 17800. If prices sustain below 17850
levels in next trading session then this momentum can
take prices to 17500 levels. If it breaks the resistance
level of 18200 then 18500 will act as next resistance
level.

PIVOTS S1 S2 R1 R2

17850 17500 18200 18500

SOYABEAN
Soyabean showed bearish movement and found the
important support level of 2790. If prices sustain below
2790 level in next trading session then this bearish
momentum can take prices to 2750 level. If it breaks
the resistance level of 2850 then 2900 will act as next
resistance level.

PIVOTS S1 S2 R1 R2

2790 2750 2850 2900

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 Intraday Super Star
(Premium Section)

CALL: SELL NICKEL BELOW 586 TARGETS 576/566 SL 601

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 Multibagger Call
(Premium Section)

CALL: SELL LEAD BELOW 133 TARGETS 132/131 SL 134.20

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 Trifid Special
(Premium Section)

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

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