Daily Market Reflection

6 ST July 2016
Market Outlook

COMDEX

Gold showed highly bullish movement but silver was traded on

negative way. Economic uncertainty is getting higher because of
European Union and US chance of rate hike is getting lower and
Investors are moving towards safe heaven. In coming session more
bullishness can be seen. Base metals were showing correction on
lower side as profit booking. And crude oil showed negative
movement.
Fundamental News
Gold gave up most of its gains on Tuesday after soaring to a
near
two-year
peak in the previous session, as the market
Fundamental
Factors
pulled back with the yellow metal failing to break a key
resistance level.
Industrial metals declined, with copper extending a retreat from
a two-month high, as falling stocks and commodities signaled
investors are concerned about the strength of the global
economy.
Oil fell below $50 a barrel on Tuesday on concerns that a
potential slowdown in economic growth could sap demand and
persistent signs of abundant supply despite another militant
attack on Nigeria's oil industry.
Important Data
Time

11:30am
6:00pm
6:00pm

Currenc
y
EUR
CAD

USD

Event
German Factory
Orders m/m
Trade Balance
Trade Balance

Foreca
st

Previou
s

1.0%

-2.0%

-2.6B

-2.9B

-40.0B

-37.4B

7:15pm

USD

Final Services PMI

51.5

51.3

7:30pm

USD

ISM NonManufacturing PMI

53.3

52.9

11:30pm

USD

FOMC Meeting
Minutes

Market Updates
MCX
Date
4-07-16
GOLD
31600
SILVER
48252
CRUDE
3277
COPPER
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS
COMEX
GOLD
SILVER
CRUDE
COPPER
USDINR
$ INDEX

332.60
110.75
124.05
676.30
142.45
195.90
Date
4-07-16
1339.00
19.588
48.99
2.217
67.5000
95.61

Date
5-07-16
31953
47374
3145
328.30
111.50
123.65
654.90
142.30
188
Date
5-07-16
1356.30
19.898
46.40
2.182
67.6900
96.11

% Chg
+0.53%
+1.82%
-4.03%
-1.29%
+0.68%
-0.32%
-3.16%
-0.11%
-4.03%
% Chg
+1.29%
+1.58%
-5.31%
-1.58%
+0.28%
+0.52%

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity Entry
Exit
P/L
05/0 COPPER
7
Multibagger
Date Commodity Entry
Exit
05/0 CRUDE
7
Trifid special
Date Commodity Entry
Exit
05/0 GOLD
7
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P/L
-

P/L
-

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

31700
1350

31500
1340

31925
1358

32100
1368

SILVER

Gold showed bullish movement and gave breakout of

pennant pattern. Now if it will break the important
resistance level of 31925 then 32200 will act as next
resistance level. On lower side 31700 will act as vital
support level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

46500
19.45

46000
18.85

48000
20.07

49000
20.65

Silver showed bearish movement. Now if it will break the

important resistance level of 48000 then 49000 will act
as next resistance level. On lower side 46500 will act as
vital support level.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

3120

3070

3180

3240

COMEX

46.25

45.80

46.70

47.20

COPPER

Crude oil showed over all negative movement. Now if it

showed bearish movement and sustain below 3120
then 3070 will be next support level. On the other hand
3200 will act as important resistance level.

COMEX COPPER

PIVOTS

S1

S2

R1

R2

MCX

331

328.70

334.75

337.10

COMEX

2.1590

2.1420

2.1880

2.2070

Copper showed bearish movement in whole trading session

and found support of 326. Now if it will break the resistance
of 330 then 333 will act as next resistance level. On the other
hand 325 will act as a important support level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

110.50

109.50

112

113

7867

2880

Bullish

LEAD

122.50

121

124.60

126

16622

2608

Bearish

NICKEL

650

620

670

700

85657

11984

Bearish

ZINC

141

139

143

145

24152

8463

Bearish

NATURAL GAS

185

181.50

189

192.50

76303

7581

Bearish

LME INVENTORY
dasdasdinkjjlfcnl
COMMODITIES
29/06/2016

30/06/2016

1/07/2016

4/07/2016

5/07/2016

ALUMINIUM

-6700

-5750

-5750

-7025

-6825

COPPER

+1250

-2675

-2400

-725

+10525

LEAD

+900

-948

-75

-75

-350

NICKEL

-789

-1025

+228

-1452

-1266

ZINC

-2350

+16950

-475

-600

-350

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Agri Commodity Updates

SOYABEAN
Soyabean showed bearish movement after found the
important resistance level of 3920. Now on lower
side 3860 will act as important support level below
which it will drags towards the support level of 3820.
On higher side some correction it towards the
resistance level of 3920.
PIVOTS

S1

S2

R1

R2

3860

3820

3900

3930

DHANIYA
Dhaniya showed bearish movement and found
support of 7156. Now on higher side 7250 will
as important resistance level above which it
bounce towards the resistance level of 7325.
lower side some correction pulls it towards
support level of 7075.

PIVOTS

S1

S2

R1

R2

7150

7075

7250

7325

the
act
will
On
the

MENTHAOIL
Menthaoil showed bearish movement and break its
important support level. Now on lower side 823 will
act as important support level below which it will
drags towards the support level of 803. On higher
side some correction it towards the resistance level
of 845.

PIVOTS

S1

S2

R1

R2

829.50

823

836.80

845

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Intraday Super Star

(Premium Section)

CALL: BUY SILVER ABOVE 47600 TARGETS 47750/48200 SL 47400.

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Multibagger Call
(Premium Section)

CALL: SELL COPPER BELOW 325.80 TARGETS 323/320 SL 329.

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Trifid Special
(Premium Section)

CALL: BUY GOLD ABOVE 31925 TARGETS 32025/32200 SL 31825.

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