Daily Market Reflection

5th June 2017

-
Market Outlook COMDEX
Gold rose to session highs on Friday, buoyed by the return of safe
haven demand, as the U.S. dollar fell to a seven-month low, after
data showed that U.S. economy created fewer jobs than expected
last month. Gold remained on track to post a gain for the week,
fresh on the heels of achieving its longest monthly winning streak
since 2010 in May. Crude futures tumbled more than 1%, as
President Donald Trumps decision to withdraw from the 2015
Paris climate agreement, sparked concerns that U.S. oil
production could expand rapidly in the absence of a stringent Market Updates
focus on curbing the use of fossil fuels. MCX Date Date % Chg
1-06-17 2-06-17
GOLD 28943 29088 +0.50%
Fundamental News SILVER 39813 40274 +1.16%
Gold hit a session high of $1,278.95 just shy of six-week highs, as COPPER 368.75 367.05 -0.46%
an unexpected dip in U.S. job growth, fuelled concerns about the CRUDE 3159 3081 -2.47%
strength of the U.S. economy, increasing demand for gold, which ALUMINIUM 124.15 123.85 -0.28%
is traditionally used as a safe haven against economic uncertainty LEAD 135.35 135.70 +0.18%
and volatility. NICKEL 570.20 574.10 +0.68%
ZINC 165.10 162.90 -1.36%
Opec and non-Opec members last week agreed to extend NATURALGAS 194.30 193.70 -0.31%
production cuts for a period of nine months until March, but stuck COMEX Date Date % Chg
to production cuts of 1.8 million bpd agreed in November last year. 1-06-17 2-06-17
GOLD 1267.00 1278.77 +0.93%
SILVER 17.281 17.550 +1.56%
Important Data CRUDE 48.36 47.78 -1.20%
COPPER 2.588 2.576 -0.44%
Time Currency Event Foreca Previous $ INDEX 97.16 96.61 -0.57%
st USDINR 64.7050 64.6375 -0.10%

2:00pm GBP Services PMI 55.1 55.8

Revised Nonfarm OUR PREVIOUS CALLS UPDATE

6:00pm USD -0.6% -0.6%
Productivity q/q Intraday super star
Revised Unit Labor Date Commodity Entry Exit P/L
6:00pm USD 3.0% 3.0%
Costs q/q 1/06 NG. - - -
Multibagger
7:15pm USD Final Services PMI 54.1 54.0 Date Commodity Entry Exit P/L
29/0 COPPER 365 361 +4000
ISM Non- 5
7:30pm USD 57.3 57.5 Trifid special
Manufacturing PMI
Date Commodity Entry Exit P/L
6:00pm USD Factory Orders m/m -0.2% 0.2% 2/06 ZINC 165 163 +1000
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 Gold and Silver

GOLD COMEX GOLD

Gold showed bullish movement and found the important

resistance level of 29137. Now if it will close above the
PIVOT S1 S2 R1 R2
S important resistance level of 29200 then 29500 will act
MCX 28800 28500 29200 29500 as next resistance level. On the other hand 28800 will
COME 1270 1260 1280 1285 act as a major support level.

SILVER COMEX SILVER

Silver showed bullish movement and found the important

PIVOTS S1 S2 R1 R2 resistance level of 40400. Now if it will close above the
important resistance level of 40500 then 41000 will act
MCX 39500 39000 40500 41000
as next resistance level. On the other hand 39500 will
COMEX 17.20 17.00 17.60 17.80
act as a major support level.

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 Crude and Copper

CRUDE COMEX CRUDE

Crude showed bearish movement and found the

PIVOTS S1 S2 R1 R2 important support level of 3021. Now if it will close
below the important support level of 3000 then 2950 will
MCX 3000 2950 3130 3200
act as next support level. On the other hand 3100 will
COMEX 47.00 46.00 49.00 51.00
act as a major resistance level.

COPPER COMEX COPPER

Copper showed bearish movement and found the

important support level of 360.65. Now if it will close
PIVOTS S1 S2 R1 R2
below the important support level of 360 then 355 will
MCX 360 355 372 380 act as next support level. On the other hand 372 will act
COMEX 2.5440 2.5200 2.5560 2.6100 as a major resistance level.

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 Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND

S

ALUMINIUM 123 120 126 128 6374 1524 Bearish

LEAD 134 132 138 140 12964 2106 Bullish

NICKEL 560 550 585 600 35769 46937 Bullish

ZINC 160 158 164 167 20607 4400 Bearish

NATURAL GAS 192 190 197 200 49044 7460 Bearish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
COMMODITIES Bank Holiday NO LME
26/05/2017 DATA TODAY
30/05/2017 31/05/2017 1/06/2017 2/06/2017

ALUMINIUM +25900 -8750 -13775 -6550 +12350

COPPER -2925 -3450 -4050 -3150 -2450

LEAD -500 +275 -1925 -975 -600

NICKEL -1470 -1812 -1308 +5982 -1674

ZINC -1650 -1425 -1575 -1300 -250

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 Agri Commodity Updates

GUARSEED
Guarseed showed bearish movement and found the
important support level of 3325. If prices sustains
below 3325 level in next trading session then this
momentum can take prices to 3300 level. If it breaks
the resistance level of 3375 then 3425 will act as
next resistance level.

PIVOTS S1 S2 R1 R2

3325 3300 3375 3425

JEERA
Jeera showed sideways movement today and found
the resistance level of 17800. If prices sustain below
17600 levels in next trading session then this
momentum can take prices to 17300 levels. If it
breaks the resistance level of 17800 then 18000 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

17600 17300 17800 18000

SOYABEAN
Soyabean showed bearish movement and found the
important support level of 2720. If prices sustain
below 2700 level in next trading session then this
bearish momentum can take prices to 2660 level. If
it breaks the resistance level of 2775 then 2820 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

2700 2660 2775 2820

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 Intraday Super Star
(Premium Section)

CALL: SELL NATURAL GAS BELOW 193 TARGETS 190/187 SL 197.

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 Multibagger Call
(Premium Section)

CALL: SELL CRUDE BELOW 3030 TARGETS 3000/2970 SL 3070.

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 Trifid Special
(Premium Section)

CALL: SELL ZINC BELOW 162 TARGETS 161/160 SL 163.50.

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