Daily Market Reflection

12th August 2016

Market Outlook

COMDEX

Gold and silver showed sideways movement and it showed bullish

movement after the unemployment data of USA which higher than
expected but precious metals didnt hold on their highs and closed on
lower side again. Overall movement of precious metal was sideways
and in coming session it can show more sideways movement. Crude
oil showed highly bullish movement and in coming session more
bullishness can be seen because of higher demand and buying would
be profitable strategy in crude oil.

Fundamental News
Fundamental Factors
Crude traded near the lowest closing price in a week as
government data showed U.S. crude stockpiles unexpectedly
expanded, keeping inventories at the highest seasonal level in
more than three decades.
Zinc rallied to its highest in nearly 15 months as investors
continued to fret over a shortage of mine supply, while other
metals surged amid sharp falls in the dollar. The U.S. dollar fell
broadly as U.S. Treasury yields fell and investors waited on a
speech by Federal Reserve Chair Janet Yellen later this month.
Important Data
Time

Foreca
st

Previou
s

USD

Core Retail Sales

m/m

0.2%

0.7%

USD

PPI m/m

0.1%

0.5%

Retail Sales m/m

0.4%

0.6%

USD

Core PPI m/m

0.2%

0.4%

7:30pm

USD

Prelim UoM
Consumer
Sentiment

91.5

90.0

7:30pm

USD

Business
Inventories m/m

0.1%

0.2%

6:00pm
6:00pm
6:00pm
6:00pm

Currenc
y

USD

Event

Market Updates
MCX
Date
10-08-16
GOLD
SILVER
COPPER

31393
47115
321.65

Date
11-0816
31327
46755
323.70

% Chg

CRUDE
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS
COMEX

2912
110.35
122.40
716
152.25
170.20
Date
11-08-16
1350.55
20.062
43.57
2.191
66.9800

+3.56%
+0.68%
+0.78%
-0.91%
-0.33%
-1.05%

GOLD
SILVER
CRUDE
COPPER
USDINR

2812
109.60
121.45
722.60
152.75
172.00
Date
10-08-16
1351.90
20.170
41.71
2.173
66.8775

$ INDEX

95.59

95.81

+0.23%

-0.21%
-0.76%
+0.64%

-0.10%
-0.54%
+4.46%
+0.92%
+0.15%

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity Entry
Exit
P/L
11/0 NICKEL
8
Multibagger
Date Commodity Entry
Exit
11/0 ALUMINIUM 8
Trifid special
Date Commodity Entry
Exit
11/0 SILVER
46950 46650
8
For our next calls click here..

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P/L
-

P/L
9000

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

31240
1340

31000
1333

31565
1351

31820
1360

SILVER

Gold showed sideways to sideways movement. Now if it

will close below the important support level of 31250
then 31000 will act as next support level. On higher side
31600 will act as vital resistance level.

COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

46700
20.00

46250
19.85

47500
20.40

48000
20.60

Silver showed sideways movement in todays session.

Now if it will break the support level of 46700 then 46300
will act as next support level. On the other hand 47500
will act as important resistance level.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

2850

2750

2950

3000

COMEX

43.00

41.90

44.00

44.50

Crude oil showed bullish movement. Now if it will

maintain above 2950 then 3000 will be next resistance
level. On the other hand 2850 will act as important
support level.
COMEX COPPER

COPPER

PIVOTS

S1

S2

R1

R2

MCX

321

318

325.10

328.60

COMEX

2.1525

2.1360

2.1770

2.2000

Copper showed bullish movement and bounce back towards

the resistance level of 325. Now if it will break the support
level of 320 then 317 will act as next support level. On the
other hand 325 will act as a major resistance level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

109.80

107.80

111

112.50

5342

2372

Bearish

LEAD

121.90

119.40

123

125.20

11816

3089

Bullish

NICKEL

705

685

735

745

25398

11347

Bullish

ZINC

151.70

149.50

154.20

156

21502

12387

Bullish

NATURAL GAS

166

161

174

179

63828

10940

Bearish

LME INVENTORY
dasdasdinkjjlfcnl
COMMODITIES
05/08/2016

08/08/2016

09/08/2016

10/08/2016

11/08/2016

ALUMINIUM

-6425

-5725

-2925

-7900

-8075

COPPER

-2650

-1625

-325

-525

-900

-50

-75

-75

-425

LEAD

NICKEL

-2256

-264

-1926

-762

-900

ZINC

-375

-275

-150

+29800

-625

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Agri Commodity Updates

DHANIYA
Dhaniya showed sideways to bearish movement and
found its important support level of 8000. Now on
higher side 8200 will act as important resistance
level above which it will pull towards the resistance
level of 8400. On lower side some correction will
take it towards the support level of 7950.
PIVOTS

S1

S2

R1

R2

7950

7800

8200

8400

RMSEED
Rmseed showed bearish movement and near to its
support level of 4850. Now on higher side 4925 will
act as important resistance level above which it will
pull towards the resistance level of 4975. On lower
side some correction drags it towards the support
level of 4850.

PIVOTS

S1

S2

R1

R2

4850

4800

4925

4975

SOYABEAN
Soyabean showed bearish movement. Now on
lower side 3525 will act as important support level
below which it will drag down towards the support
level of 3500. On higher side some correction pulls
it towards the resistance level of 3600.

PIVOTS

S1

S2

R1

R2

3525

3480

3575

3625

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Intraday Super Star

(Premium Section)

CALL: BUY COPPER ABOVE 325 TARGETS 327/330 SL 321.

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Multibagger Call
(Premium Section)

CALL: BUY CRUDE ABOVE 2940 TARGETS 3000/3060 SL 2870.

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Trifid Special
(Premium Section)

CALL: SELL GOLD BELOW 31260 TARGETS 31160/31050 SL 31380.

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