Daily Market Reflection

22 ndJuly 2016
Market Outlook

COMDEX

Gold & Silver are bullish today as the dollar index remains near
four month highs and US equities notched new highs. Gold
prices are expected to trade sideways as the outcome of the
ECB meet will play a crucial role for the yellow metal, while the
dollar index is trading lower by 0.32 percent today, it will provide
support to gold prices. Base metals are mostly trading lower
because of weakness seen in Chinese economy. Oil prices
moved higher after the U.S. Energy Department reported a ninth
consecutive weekly drawdown of crude inventory.
Market Updates
MCX
Date
20-07-16

Gold edged higher Thursday, bouncing off a three-week low, as

traders awaited a European Central Bank meeting that could
herald an expansion of the banks stimulus program.

GOLD
SILVER
CRUDE

30737
46072
3101

Date
21-0716
31014
46621
3042

COPPER

336.40

337.30

+0.27%

After a mixed bag of economic data, crude is charging lower,

with a hangover from yesterdays inventory report and on
ongoing concerns of bloated inventories.

ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS
COMEX
GOLD
SILVER
CRUDE
COPPER
USDINR

106.85
124.30
717.70
151.05
180.00
Date
21-07-16
1330
19.763
44.89
2.259
67.2025

-1.38%
+0.20%
+1.31%
+0.33%
+0.45%
% Chg

Important Data

108.35
124.05
708.40
150.55
179.20
Date
20-07-16
1319.30
19.613
45.75
2.254
67.2725

$ INDEX

97.16

97.05

-0.10%

Fundamental News
Fundamental Factors

Time

Currenc
y

Event

2:00pm

GBP

Manufacturing PMI

2:00pm

GBP

Services PMI

6:00pm

CAD

Core CPI m/m

Foreca
st
47.8

Previou
s

+0.90%
+1.19%
-1.90%

+0.81%
+0.80%
-1.88%
-0.22%
-0.10%

52.1

48.9

52.3

0.0%

0.3%

CAD

Core Retail Sales

m/m

0.3%

1.3%

6:00pm

CAD

CPI m/m

0.2%

0.4%

7:15pm

USD

Flash
Manufacturing PMI

51.9

51.3

6:00pm

% Chg

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity Entry
Exit
P/L
21/0 NICKEL
710.50 725
7
Multibagger
Date Commodity Entry
Exit
21/0 GOLD
7
Trifid special
Date Commodity Entry
Exit
21/0 ZINC
150.70 152.70
7
For our next calls click here..

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1450

P/L
-

P/L
10000

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

30850
1325

30650
1315

31150
1335

31300
1345

SILVER

Gold showed bullish and touched the support level of

30650. Now if it will close below the important support
level of 30850 then 30650 will act as next support level.
On higher side 31150 will act as vital resistance level.

COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

46000
19.40

45500
19.15

47000
19.85

47500
20.12

Silver showed bearish movement in morning session

and and in evening session it showed strong movement.
Now if it will break the support level of 46000 then 45500
will act as next support level. On higher side 47000 will
act as vital resistance level.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

3010

2970

3075

3130

COMEX

45.25

44.75

46

46.50

COPPER

Crude oil showed sideways to bearish movement. Now

if it will sustain below 3050 then 3000 will be next
support level. On the other hand 3125 will act as
important resistance level.
COMEX COPPER

PIVOTS

S1

S2

R1

R2

MCX

340

343

335

332

COMEX

2.2300

2.2100

2.2580

2.780

Copper showed sideways movement and pull towards the

resistance level of 337. Now if it will break the support level
of 335 then 332 will act as next support level. On the other
hand 340 will act as a major resistance level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

105.80

104

107.80

108.90

7628

4795

Bearish

LEAD

123.50

122

125

126.80

13790

2773

Bullish

NICKEL

700

680

730

750

67103

13222

Bullish

ZINC

149.50

147.80

152

153.40

35262

12738

Bullish

NATURAL GAS

176

173

184

188

54693

7159

Bullish

LME INVENTORY
dasdasdinkjjlfcnl
COMMODITIES
15/07/2016

18/07/2016

19/07/2016

20/07/2016

21/07/2016

ALUMINIUM

-6475

-7075

-7150

-7425

+12600

COPPER

+3650

-1850

-3125

+1700

+400

LEAD

+500

-75

-75

-500

-150

NICKEL

-1230

-606

+768

-546

-1656

ZINC

-650

-150

-225

-100

-625

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Agri Commodity Updates

SOYAREF
Soyaref showed bullish movement and closed above
the trendline. Now on higher side 650 will act as
important resistance level above which it will pull
towards the resistance level of 655. On lower side
some correction will take it towards the support level
of 637.
PIVOTS

S1

S2

R1

R2

641.50

637.90

648.60

655

JEERA
Jeera showed sideways movement on lower side
and found the support near to 19000. Now on
higher side 19650 will act as important resistance
level above which it will pull towards the resistance
level of 20000. On lower side some correction drags
it towards the support level of 19000.

PIVOTS

S1

S2

R1

R2

19000

18750

19500

19800

SOYABEAN
Soyabean showed sideways movement. Now on
lower side 3700 will act as important support level
below which it will drag down towards the support
level of 3650. On higher side some correction pulls
it towards the resistance level of 3800.

PIVOTS

S1

S2

R1

R2

3725

3700

3775

3800

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Intraday Super Star

(Premium Section)

CALL: BUY ZINC ABOVE 151.20 TARGETS 152/153 SL 150.

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Multibagger Call
(Premium Section)

CALL: SELL LEAD BELOW 123.80 TARGETS 122.80/121.80 SL 125.

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Trifid Special
(Premium Section)

CALL: BUY SILVER ABOVE 46700 TARGETS 47000/47300 SL 46500.

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