Daily Market Reflection

9th May 2016

COMDEX

Market Outlook
Gold and silver closed in positive zone after a weak non-farm
employment data. Investors were expecting the employment would
be 203K but the actual was only 160K on the negative news Gold and
Silver made new highs. In the coming session bullishness can be seen
in gold due to weak economic data. Wildfire in Canada affected the
production of Canadian crude and the supply of crude was weak due
to which crude oil ended higher. Crude can resume its downtrend as
soon as Canadian wildfire will come to an end and when supply can
be resumed.
Fundamental News
Fundamental Factors
Gold was enjoying a substantial jump on Friday, after a
disappointing jobs report made traders more skeptical about
the prospect of the Federal Reserve raising rates in the near
future.

Plunge in steel and iron ore prices this week sped a pull back
across the metals sector on worries over Chinas economy
and a stronger dollar.

Important Data
Time

Currency

Event

Forecast

Previous

4:30am

EUR

Sentix Investor
Confidence

All Day

EUR

Eurogroup Meetings

USD

Labor Market
Conditions Index
m/m

-2.1

7:01pm

GBP

BRC Retail Sales

Monitor y/y

-0.7%

9.30pm

CNY

CPI y/y

10:00am

9.30pm

CNY

PPI y/y

6.1

5.1

Market Updates
MCX
Date
5-05-16
GOLD
29897
SILVER
41227
CRUDE
2949
COPPER
318.90
ALUMINIUM 106.90
LEAD
115.30
NICKEL
597.70
ZINC
123.90
NATURALGAS 138.70
COMEX
Date
5-05-16
GOLD
1271.40
SILVER
17.327
CRUDE
44.32
COPPER
2.151
USDINR
66.558
$ INDEX
93.78

Date
6-05-16
30378
41731
2977
320.15
106.40
116.50
604.40
125.55
139.90
Date
6-05-16
1290.55
17.510
44.61
2.152
66.602
93.83

% Chg
+1.61%
+1.22%
+0.95%
+0.39%
-0.47%
+1.04%
+1.12%
+1.33%
+0.87%
% Chg
+1.43%
+1.06%
+0.65%
-0.09%
+0.04%
+0.11%

Our Previous calls update

Intraday super star
Date

Commodity

Entry

Exit

P/L

6/05

LEAD

115.75

116.80

-5250

Date Commodity
6/05
CRUDE
Trifid special

Entry
2960

Exit
2910

P/L
5000

Date
04/05

Entry
30375

Exit
30100

P/L
-27500

Multibagger

2.3%

-3.8%

2.3%

-4.3%

Commodity
GOLD

For our next calls click here..

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Gold and Silver

GOLD

COMEX GOLD

PIVOTS S1
MCX
30180
COMEX 1282

S2
29860
1274

R1
30550
1295

R2
30700
1302

SILVER

Gold today showed sideways movement in morning session

but after US data it showed bullish movement and gave
breakout of channel pattern on hourly chart. Now bull
trend continue then 30550 will act as immediate resistance.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

SILVER over all showed sideways to bullish movement and

MCX
COMEX

41450
17.30

40850
17.10

42070
17.65

42750
17.80

pull back from lower level of trendline and found resistance

around 41850. Now if it maintains above 42000 then next
resistance is seen around 42750.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

2955

2890

3045

3115

COMEX

44

43.20

45.35

45.75

COPPER

MCX Crude opened below its support level of 2960 and

found the support of neckline of head and shoulder
pattern, and pull back towards the resistance level of 3020.
Now 3050 will act as major resistance level.
COMEX COPPER

PIVOTS

S1

S2

R1

R2

Copper showed choppy movement all the day as all base

MCX

318

315.80

322.75

325.60

metals showed same way and found support of 318 and

COMEX

2.1225

2.1060

2.1580

2.1775

resistance around 322. Now below 318 bearishness

continues towards the support level of 315.

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Other Commodities
PIVOTS
COMMODITIES

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

105.50

104.50

107.40

108.40

8148

2710

Bearish

LEAD

115.50

114.50

117.50

118.50

12181

2287

Bearish

NICKEL

597

587

615

625

35559

16350

Bearish

ZINC

124.60

123.60

126.50

127.50

22323

3909

Bullish

NATURAL GAS

137.50

135

142

145

47315

7519

Bullish

LME Inventory
Commodities

29/04/16

3/05/2016

4/05/2016

5/05/2016

6/05/2016

ALUMINIUM

-6750

-6650

-12350

-6275

-2900

COPPER

-1225

+5175

+1825

+225

+2300

LEAD

+75

700

-200

+550

-650

NICKEL

+1686

+66

-1062

-1308

+150

ZINC

-2525

-2475

-4275

-1125

+90

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Agri Commodity Updates

RMSEED
Rmseed showed bullish movement all the day and
broke the trendline and closed above it, now faces the
important resistance level of 4485 above which next
resistance will seen around 4520.

PIVOTS

S1

S2

R1

R2

4420

4385

4485

4520

JEERA
Jeera showed sideways movement and forming head
and shoulder pattern on 30 min chart and near to
neckline of it. Now if it sustain below 16800 then next
support level is seen around 16500. And on other hand
if some correction happens on higher side then 17400
will act as major resistance level.
PIVOTS

S1

S2

R1

R2

3240

3210

3300

3335

SOYABEAN
Soyabean today opened on lower note and near to its
daily support level 4022. Now if it sustain below 4020
then next support is seen around 3950. On the other
hand it showed bullish movement the 4150 will act as
major resistance level.

PIVOTS

S1

S2

R1

R2

4050

4000

4000

4150

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Intraday Super Star

(Premium Section)

CALL: BUY ZINC ABOVE 125.90 TARGETS 126.45/127 SL 125.20.

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Multibagger Call
(Premium Section)

CALL: SELL CRUDE BELOW 2960 TARGETS 2900/2800 SL 3020.

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Trifid Special
(Premium Section)

CALL: BUY GOLD ABOVE 30420 TARGETS 30550 SL 30240.

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