Daily Market Reflection

5th January 2017

Market Outlook

COMDEX

Gold and silver trade sideways after very volatile movement

yesterday. We expect gold to trade higher in the near term as
demand is likely to get a boost from the upcoming Chinese
Lunar New Year later this month. The fall in crude oil prices
could be attributed to the strong US dollar and profit-booking. In
the last few trading sessions, optimism around OPEC
(Organization of the Petroleum Exporting Countries) and nonOPEC producers agreeing to cut production fueled the bullish
sentiment among traders and helped oil prices rise. In coming
session we can seen bullish movement in crude. All base metals
trade in green zone today and next session it will trade sideways
to bullish.
Fundamental News
Gold prices edged up on Wednesday as buoyant physical
demand from major consumers China and India offset the
impact of a stronger US dollar.
Oil prices ticked higher Wednesday, recovering some of
Tuesdays losses suffered in the last few hours of volatile trading
after the New Year holiday.
Important Data
Time

Currency

Event

Forecas
t

Previou
s

12:30am

USD

FOMC Meeting
Minutes

3:00pm

GBP

Services PMI

54.8

55.2

6:45pm

USD

ADP Non-Farm
Employment
Change

171K

216K

Unemployment
Claims

262K

265K

56.6

57.2

-1.8M

0.6M

7:00pm

USD

8:30pm

USD

9:30pm

USD

ISM NonManufacturing PMI

Crude Oil
Inventories

Market Updates
MCX
Date
3-01-17
GOLD
27766
SILVER
40206
COPPER
376.70
CRUDE
3588
ALUMINIUM
115.30
LEAD
138.20
NICKEL
684.90
ZINC
172.35
NATURALGAS 228.40

Date
4-01-17
27685
40301
383.30
3618
114.95
141.10
695.60
177.85
221.40

-0.33%
+0.08%
+1.91%
+0.78%
-0.26%
+2.32%
+1.73%
+3.31%
-3.28%

GOLD
SILVER
CRUDE
COPPER
$ INDEX

Date
3-01-17
1162.00
16.409
52.33
2.489
103.24

Date
4-01-17
1164.95
16.453
52.42
2.554
102.71

-3.2%
Chg
+0.25%
+0.23%
+0.21%
+2.61%
-0.51%

USDINR

68.4850

68.2050

-0.41%

COMEX

% Chg

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity
Entry
Exit
P/L
4/1

ALUMINIUM

Multibagger
Date Commodity Entry
Exit
4/1
COPPER
Trifid special
Date Commodity Entry
Exit
4/1
ZINC
3680
3750
For our next calls click here..

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P/L
P/L
7000

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

27600
1150

27400
1140

27850
1165

28000
1175

SILVER

Gold showed sideway to sideways movement and found

the important resistance level of 27825. Now if it will
sustain below the important support level of 27900 then
28200 will act as next support level. On the other hand
27500 will act as a major resistance level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

39700
16.20

39000
16.00

40600
16.55

41000
16.80

Silver showed sideways movement and found the

important resistance level of 40600. Now if it will sustain
below 39700 then 39000 will act as next support level.
On the other hand 40700 will act as a major resistance
level.
.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

3550

3500

3650

3725

COMEX

51.90

50.50

53.50

54.45

Crude showed sideways to bullish movement and found

the important resistance level of 3780. Now if it will
close above the important resistance level of 3800 then
3850 will act as next resistance level. On the other hand
3550 will act as a major support level.
.
COMEX COPPER

COPPER

PIVOTS

S1

S2

R1

R2

MCX

380

375

386

390

COMEX

2.5200

2.5000

2.6000

2.7000

Copper showed strong movement and found the

important resistance level of 385.50. Now if it will close
below the important support level of 374 then 368 will
act as next support level. On the other hand 385 will act
as a major resistance level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

113

112

117

119

3238

1692

Bearish

LEAD

137

134

142

145

13639

2044

Bullish

NICKEL

670

650

700

720

24499

17169

Bullish

ZINC

174

171

180

183

21600

6237

Bullish

NATURAL GAS

220

217

226

230

59551

5896

Bearish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
Bank Holiday NO LME
DATA TODAY
COMMODITIES
28/12/2016
29/12/2016

30/12/2016

3/01/2017

4/01/2017

ALUMINIUM

+26775

+6875

+22251

-3750

-5701

COPPER

-3425

-2751

-6125

-10401

-5949

LEAD

-200

-51

-799

-51

-1000

NICKEL

-162

-125

-125

+787

-343

ZINC

-350

-476

-475

-475

-475

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Agri Commodity Updates

GUARSEED
Guarseed found the important support level of 3270
and showed sideways to bearish movement. If prices
sustain below 3250 level in next trading session then
this bearish momentum can take prices to 3200
level. If it breaks the resistance level of 3330 then
3380 will act as next resistance level.
PIVOTS

S1

S2

R1

R2

3250

3200

3330

3380

JEERA
Jeera showed bearish movement today and found
the support level of 17900. If prices sustain below
17900 levels in next trading session then this
bearish momentum can take prices to 17700 levels.
If it breaks the resistance level of 18200 then 18400
will act as next resistance level.

PIVOTS

S1

S2

R1

R2

17900

17700

18200

18400

SOYABEAN
Soyabean found the important support of 3010 and
showed bearish movement. If prices sustain below
3000 level in next trading session then this bearish
momentum can take prices to 2970 level. If it breaks
the resistance level of 3050 then 3080 will act as
next resistance level.

PIVOTS

S1

S2

R1

R2

3000

2970

3030

3060

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Intraday Super Star

(Premium Section)

CALL: BUY CRUDE ABOVE 3625 TAREGTS 3675/3725 SL 3560.

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Multibagger Call
(Premium Section)

CALL: BUY LEAD ABOVE 141 TARGETS 142/143 SL 139.50.

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Trifid Special
(Premium Section)

CALL: BUY ZINC ABOVE 178 TARGETS 180/182 SL 175.

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