Daily Market Reflection

13th October 2016

COMDEX

Market Outlook
Gold closed lower yesterday, pressured by modest gains in the
dollar. Silver closed higher on Wednesday as participants
widened their positions, tracking a firm trend in global market.
Bullion may rise today. Base metals were mixed; Copper can
continue its downtrend today. Crude oil closed lower as
uncertainty over Russias willingness to cut production and a
monthly rise in output from OPEC members sent prices lower
for a second session in a row. The Crude inventory data from
US today will provide further direction for the prices.

Fundamental News
Gold and silver futures prices are modestly lower in early U.S.
trading Wednesday. The precious metals are weighed down by
a solid rally in the U.S. dollar index, which hit a seven-month
high overnight.
U.S. oil prices sharply dipped back below $50 a barrel on
Wednesday on more concerns about how committed the worlds
major exporters are to their recent plans for considering
production cuts.
Important Data
Time

Currency

Event

Foreca
st

Previou
s

Tentative

CNY

Trade Balance

365B

346B

6.00pm

CAD

NHPI m/m

0.3%

0.4%

Unemployment
Claims

252K

6.00pm
6.00pm
8.00pm
8.30pm

Market Updates
MCX
Date
11-10-16

GOLD
SILVER
CRUDE
COPPER
$ INDEX

29719
41998
324.95
3386
111.85
136.65
697.70
150.05
217.80
Date
11-10-16
1255.90
17.509
50.79
2.186
97.72

Date
12-1016
29561
42051
324.00
3351
111.95
135.10
706.60
150.90
214.50
Date
12-10-16
1254.25
17.523
50.09
2.178
97.86

USDINR

66.8575

66.6600

GOLD
SILVER
COPPER
CRUDE
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS
COMEX

249K

-0.23%
+0.13%
-0.29%
-1.03%
+0.09%
-1.13%
+1.28%
+0.57%
-1.52%
% Chg
-0.14%
+0.08%
-1.36%
-0.34%
+0.15%
-0.30%

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity Entry
Exit
P/L

10/1 NICKEL
0
Multibagger
Import Prices m/m
0.1%
-0.2%
USD
Date Commodity Entry
Exit
10/1
LEAD
139
140.50
Natural Gas
84B
80B
USD
0
Storage
Trifid special
Crude
Oil
Date Commodity Entry
Exit
USD
0.4M
-3.0M
Inventories
10/1 MENTHAOIL www.trifidresearch.com | Email id: info@trifidresearch.com
| Toll Free: 1800-270-1410
0
For our next calls click here..
USD

% Chg

P/L
7500

P/L
-

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

29400
1248

29100
1238

29800
1262

30000
1272

SILVER

Gold showed sideways movement and near to its

resistance level of 29900. Now if it will close above the
important resistance level of 30000 then 30400 will act
as next resistance level. On lower side 29500 will act as
vital support level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

41750
17.30

41250
17.10

42400
17.65

43000
17.85

Silver showed bearish movement in todays session after

opening on higher note. Now if it will maintain above its
resistance level of 42400 then 43000 will act as next
resistance level. On the other hand 41750 will act as
important support level.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

3300

3250

3400

3450

COMEX

49.60

49.00

50.50

51.15

Crude oil showed bearish movement. Now if it will

maintain above 3400 then 3450 will be next resistance
level. On the other hand 3300 will act as important
support level.
COMEX COPPER

COPPER

PIVOTS

S1

S2

R1

R2

MCX

323.50

320

327

330

COMEX

2.1625

2.1525

2.1800

2.1930

Copper showed sideways to bearish movement and

found the important support of 323.50. Now if it will
break the support level of 323 then 320 will act as next
support level. On the other hand 327.50 will act as a
major resistance level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

111.50

110

112.50

113.80

1772

3997

Bullish

LEAD

134.20

132.60

136

137.20

9778

4834

Bearish

NICKEL

700

685

710

720

17662

13462

Bullish

ZINC

149.80

148.50

12

153.10

9342

7554

Bullish

NATURAL GAS

214

212

217.80

220

34401

7135

Bearish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
Bank Holiday NO6/10/2016
LME DATA TODAY
COMMODITIES
5/10/2016

7/10/2016

10/10/2016

12/10/2016

ALUMINIUM

-6404

-7577

-7478

-6700

-7301

COPPER

-3474

-5322

-4428

-4626

-1498

LEAD

+377

+49

+26

-149

-677

NICKEL

-910

-277

-277

+548

-254

ZINC

+5322

+4753

-202

-152

-349

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Agri Commodity Updates

SOYAREF
Soyaref showed sideways to bullish movement and
found its important support level of 649. Now on
higher side 658.50 will act as important resistance
level above which it will pull towards the resistance
level of 663. On lower side some correction will take
it towards the support level of 650.
PIVOTS

S1

S2

R1

R2

650

645

660

664

RMSEED
Rmseed showed bearish movement and found its
support level of 4500. Now on higher side 4565 will
act as important resistance level above which it will
pull towards the resistance level of 4625. On lower
side bearish movement drags it towards the support
level of 4490.

PIVOTS

S1

S2

R1

R2

4490

4450

4550

4600

JEERA
Jeera showed bearish movement and found support
of 16600. Now on lower side 16500 will act as
important support level below which it will drag
down towards the support level of 16200. On higher
side some correction pulls it towards the resistance
level of 16900.

PIVOTS

S1

S2

R1

R2

16500

16200

16900

17200

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Intraday Super Star

(Premium Section)

CALL: BUY NICKEL ABOVE 709 TARGETS 719/729 SL 694.

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Multibagger Call
(Premium Section)

CALL: SELL LEAD BELOW 134.90 TARGETS 133.90/132.90 SL 136.50.

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Trifid Special
(Premium Section)

CALL: SELL GOLD BELOW 29630 TARGETS 29530/29430 SL 29780.

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