Daily Market Reflection

20th June 2017

-
Market Outlook COMDEX
Gold prices fell to the lowest level in around four week on
Monday, as investors looked ahead to a busy week of Federal
Reserve speakers for more clues on future monetary policy
moves. Oil prices edged higher on Monday, pausing for breath
after coming under pressure over the past month from rising
production in the United States, Libya and Nigeria, which has
taken the edge off an OPEC-led initiative to support the market by
cutting production. Base metals are up across the board as they
have been for the past two business days, with lead, zinc and Market Updates
nickel managing to see follow through buying, while the others MCX Date Date % Chg
look less positive. 16-06-17 19-06-
17
Fundamental News GOLD 28690 28542 -0.52%
Last week, the Fed raised interest rates as widely expected and SILVER 38481 38169 -0.81%
maintained plans to go ahead with another rate hike by year-end. COPPER 365.45 368.90 +0.94%
The central bank also provided greater detail about how it plans to CRUDE 2879 2861 -0.63%
reduce its massive $4.5 trillion balance sheet. ALUMINIUM 120.25 121.40 +0.96%
LEAD 135.35 137 +1.22%
Saudi Arabia's crude exports in April fell to 7.006 million bpd, NICKEL 574.70 580.10 +0.94%
official data showed on Monday, while Saudi Energy Minister ZINC 162.30 165 +1.66%
Khalid al-Falih-7100Z said the oil market simply needed time to NATURALGAS 195.90 187.80 -4.13%
rebalance. COMEX Date Date % Chg
16-06-17 19-06-17
Important Data GOLD 1256.50 1246.80 -0.77%
SILVER 16.661 16.498 -0.98%
Time Currenc Event Forecast Previous CRUDE 44.97 44.73 -0.53%
y COPPER 2.564 2.589 +0.98%
$ INDEX 96.87 97.23 +0.38%
SNB Chairman USDINR 64.5100 64.5025 -0.01%
12:00pm CHF
Jordan Speaks

BOE Gov Carney

1:00pm GBP
Speaks OUR PREVIOUS CALLS UPDATE
Intraday super star
SNB Chairman
2:15pm CHF Date Commodity Entry Exit P/L
Jordan Speaks
20/0 LEAD - - -
Wholesale Sales 6
6:00pm CAD 0.5% 0.9%
m/m Multibagger
Date Commodity Entry Exit P/L
6:00pm AUD Current Account -124B -112B 20/0 NG. - - -
6
Trifid special
Tentative NZD GDT Price Index 0.6%
Date Commodity Entry Exit P/L
15/0 SILVER 38550 38250 +9000
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6
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 Gold and Silver

GOLD COMEX GOLD

Gold showed bearish movement and found the important

support level of 28554. Now if it will close below the
PIVOT S1 S2 R1 R2
S important support level of 28500 then 28150 will act as
MCX 28500 28150 28700 29000 next support level. On the other hand 29000 will act as a
COME 1240 1235 1255 1260 major resistance level.

SILVER COMEX SILVER

Silver showed bearish movement and found the

PIVOTS S1 S2 R1 R2 important support level of 38153. Now if it will close
below the important support level of 38000 then 37500
MCX 38000 37500 39000 39500
will act as next support level. On the other hand 39000
COMEX 16.40 16.30 16.60 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 support level of 2855. Now if it will close
below the important support level of 2850 then 2800 will
MCX 2850 2800 2950 3000
act as next support level. On the other hand 2950 will
COMEX 43.00 41.00 46.00 47.50
act as a major resistance level.

COPPER COMEX COPPER

Copper showed bullish movement and found the

important resistance level of 369.95. Now if it will close
PIVOTS S1 S2 R1 R2
above the important resistance level of 372 then 380
MCX 363 358 372 380 will act as next resistance level. On the other hand 358
COMEX 2.5650 2.5400 2.5900 2.6100 will act as a major support level.

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 Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND

S

ALUMINIUM 120 118 123 125 5397 2119 Bullish

LEAD 135 133 138 140 12015 2060 Bullish

NICKEL 570 560 590 600 30719 40703 Bullish

ZINC 162 160 166 168 21369 4761 Bullish

NATURAL GAS 186 184 190 195 54116 6259 Bearish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
COMMODITIES Bank Holiday NO LME
13/06/2017 DATA TODAY
14/06/2017 15/06/2017 16/06/2017 19/06/2017

ALUMINIUM -6125 -6525 -1900 -3300 -7100

COPPER -3725 -3225 -4215 -50 -3275

LEAD -300 -200 -75 -725 -925

NICKEL -48 +630 +534 -35 +522

ZINC -1125 -2475 -1800 -2125 -2125

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 Agri Commodity Updates

GUARSEED
Guarseed showed sideways movement and found
the important resistance level of 3570. If prices
sustains below 3450 level in next trading session
then this momentum can take prices to 3400 level. If
it breaks the resistance level of 3600 then 3650 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

3450 3400 3600 3650

JEERA
Jeera showed bullish movement today and found
the resistance level of 19200. If prices sustain below
18800 levels in next trading session then this
momentum can take prices to 18500 levels. If it
breaks the resistance level of 19100 then 19300 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

18500 18300 19000 19200

SOYABEAN
Soyabean showed sideways movement and found
the important support level of 2810. If prices sustain
below 2800 level in next trading session then this
bearish momentum can take prices to 2760 level. If
it breaks the resistance level of 2850 then 2890 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

2800 2740 2850 2900

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 Intraday Super Star
(Premium Section)

CALL: BUY LEAD ABOVE 137.50 TARGETS 138.50/139.50 SL 136.

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 Multibagger Call
(Premium Section)

CALL: SELL NATURAL GAS BELOW 186 TARGETS 183/180 SL 190.

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 Trifid Special
(Premium Section)

CALL: SELL GOLD BELOW 28500 TARGETS 28400/28300 SL 28650.

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