Daily Market Reflection

10th May 2016

COMDEX

Market Outlook
Gold and silver was not able to hold the level of thirty thousand and
forty one thousand respectively and closed below it. Strong dollar
drags it towards the low level in COMEX after the rally in gold and
silver investor also booking profit in gold and silver. In coming session
gold and silver are looking bearish as they are not able to hold their
important support level and strong dollar continuously creating
pressure. Crude oil was also weak in whole session and continuously
hitting new lows. In the coming session weakness can be continued.
COMDEX was also closing in the negative zone.
Fundamental News
Fundamental Factors
Gold and silver was weak because of strong dollar and further
weakness can be seen as dollar getting strong.

Saudi Arabia leadership reshuffle affect the crude oil prices

and make it more volatile.

Base metals under pressure as Chinese trade data disappoints

and also weak demand was creating more pressure on base
metals.

Important Data
Time

Currency

Event

Forecast

Previous

7:00am

CNY

CPI y/y

2.3%

2.3%

7:00am

CNY

PPI y/y

-3.8%

-4.3%

12:45pm

USD

FOMC Member Dudley

Speaks

2:00pm

GBP

Goods Trade Balance

-11.2B

-12.0B

7:30pm

USD

JOLTS Job Openings

5.55M

5.45M

7:30pm

USD

Wholesale Inventories
m/m

0.2%

-0.5%

Market Updates
MCX
Date
6-05-16
GOLD
30378
SILVER
41731
CRUDE
2977
COPPER
320.15
ALUMINIUM 106.40
LEAD
116.50
NICKEL
604.40
ZINC
125.55
NATURALGAS 139.90
COMEX
Date
6-05-16
GOLD
1294
SILVER
17.527
CRUDE
44.66
COPPER
2.154
USDINR
66.8100
$ INDEX
93.83

Date
9-05-16
29805
40749
2911
313.15
103.95
115.65
579.10
122.10
140.80
Date
9-05-16
1266.60
17.070
43.45
2.101
66.8100
94.17

% Chg
-1.89%
-2.35%
-2.22%
-2.19%
-2.30%
-0.73%
-4.19%
-2.75%
+0.64%
% Chg
-2.12%
-2.61%
-1.19%
-2.46%
0%
+0.36%

Our Previous calls update

Intraday super star
Date

Commodity

Entry

Exit

P/L

6/05

LEAD

115.75

116.80

-5250

Date Commodity
9/05
CRUDE
Trifid special

Entry
2960

Exit
2902

P/L
5800

Date
04/05

Entry
30375

Exit
30100

P/L
-27500

Multibagger

Commodity
GOLD

For our next calls click here..

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Gold and Silver

GOLD

COMEX GOLD

PIVOTS S1
MCX
29725
COMEX 1259

S2
29475
1251

R1
29980
1271

R2
30215
1278

SILVER

Gold today showed downward all the day and broke its
important support of 1275 in comex and closed near to its
major support level of 29900 in MCX. Sustaining below
29800 again drag it upto the support level of 29500.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

SILVER over all showed bearish movement and broke the

MCX
COMEX

40350
16.85

39680
16.65

41065
17.15

41850
17.40

neckline of head and shoulder pattern on MCX and found

important support of 40580. Bearishness may again drag it
upto the support level of 40000.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

2894

2820

2965

3050

COMEX

43.20

42.50

4395

44.50

COPPER

MCX Crude found resistance of 3050 of morning session

and after that drag upto the neckline of head and shoulder
pattern. Now 2890 will act as major support level.
COMEX COPPER

PIVOTS

S1

S2

R1

R2

Copper showed downward movement all the day as all base

MCX

312.50

310.50

315.65

318.05

metals showed same way and found support of 313. Now

COMEX

2.0860

2.0690

2.1150

2.1330

below 313 bearishness continues towards the support level

of 310.

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Other Commodities
PIVOTS
COMMODITIES

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

102.50

101.50

104.50

105.50

7205

3932

Bearish

LEAD

115

114

117

118

12238

2060

Bearish

NICKEL

572

560

590

610

36483

21394

Bearish

ZINC

121.50

120.50

123.50

124.50

25913

3420

Bullish

NATURAL GAS

138

135

142.50

146

47035

7392

Sideways

LME Inventory
Commodities

3/05/2016

4/05/2016

5/05/2016

6/05/2016

9/05/2016

ALUMINIUM

-6650

-12350

-6275

-2900

-4925

COPPER

+5175

+1825

+225

+2300

+575

LEAD

700

-200

+550

-650

-250

NICKEL

+66

-1062

-1308

+150

-594

ZINC

-2475

-4275

-1125

+90

-875

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Agri Commodity Updates

RMSEED
Menthaoil showed bullish movement all the day and
near to trendline and closed around it, now faces the
important resistance level of 887 above which next
resistance will seen around 894.

PIVOTS

S1

S2

R1

R2

872

860.50

885.60

894.20

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 higher note and traded
sideways. 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: SELL LEAD BELOW 115.20 TARGETS 114.60/114 SL 116.30.

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Multibagger Call
(Premium Section)

CALL: SELL ZINC BELOW 122 TARGETS 121/120 SL 123.30.

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Trifid Special
(Premium Section)

CALL: SELL CRUDE BELOW 2890 TARGETS 2810 SL 3070.

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