Professional Documents
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4thAugust 2017
27842 -
Market Outlook COMDEX
Gold prices drifted lower on Thursday to move further away from
their strongest level in seven weeks as investors looked ahead to
a key batch of U.S. economic data to gauge how it will impact the
Federal Reserve's view on monetary policy. Investors were
turning their attention to upcoming U.S. economic data for fresh
clues on the timing of the Fed's balance sheet reduction and its
ability to raise interest rates again this year. Oil prices rose on
Thursday, lifted by renewed signs of a gradually tightening U.S.
market, although ongoing high supplies from producer club OPEC Market Updates
still weighed. MCX Date Date % Chg
2-08-17 3-08-17
Fundamental News GOLD 28589 28576 -0.05%
Gold has been well-supported in recent weeks as fading SILVER 38116 38027 -0.23%
expectations for a third Fed rate hike this year combined with COPPER 405.65 405.60 -0.01%
deepening political turmoil in the White House boosted the appeal CRUDE 3147 3143 -0.13%
ALUMINIUM 122.15 121.55 -0.49%
of the precious metal.
LEAD 149.65 150.10 +0.30%
NICKEL 658.90 660.90 +0.30%
Oil traders looked ahead to a technical meeting of some OPEC ZINC 178.35 177.70 -0.36%
and non-OPEC producers in Abu Dhabi next week to assess how NATURALGAS 180.20 179.40 -0.44%
the group can increase compliance with production cuts that
COMEX Date Date % Chg
began at the start of this year.
2-08-17 3-08-17
GOLD 1271.80 1268.02 -0.30%
Important Data SILVER 16.733 16.633 -0.59%
CRUDE 49.59 49.31 -0.52%
Time Currenc Event Forecast Previous COPPER 2.885 2.879 -0.19%
y $ INDEX 92.75 92.69 -0.05%
USDINR 63.8525 63.8750 +0.04%
Employment
6:00pm CAD 11.7K 45.3K
Change
6:00pm CAD Trade Balance -1.3B -1.1B OUR PREVIOUS CALLS UPDATE
Intraday super star
6:00pm CAD Unemployment Rate 6.5% 6.5% Date Commodity Entry Exit P/L
1/08 ALUMINIUM - - -
Average Hourly
6:00pm USD 0.3% 0.2% Multibagger
Earnings m/m
Date Commodity Entry Exit P/L
Non-Farm 3/08 COPPER - - -
6:00pm USD Employment 181K 222K Trifid special
Change Date Commodity Entry Exit P/L
3/08 NG. - - -
6:00pm USD Unemployment Rate 4.3% 4.4% For our next calls click here..
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Gold and Silver
PIVOT
LME INVENTORY
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Due to Summer
COMMODITIES Bank Holiday NO LME
28/07/2017 DATA TODAY
31/07/2017 01/08/2017 2/08/2017 3/08/2017
GUARSEED
Guarseed showed bullish movement and found the
important resistance level of 3650. If prices sustains
below 3550 level in next trading session then this
momentum can take prices to 3500 level. If it breaks
the resistance level of 3650 then 3700 will act as
next resistance level.
PIVOTS S1 S2 R1 R2
JEERA
Jeera showed bearish movement today and found
the support level of 19000. If prices sustain below
18700 levels in next trading session then this
momentum can take prices to 18500 levels. If it
breaks the resistance level of 19100 then 19400 will
act as next resistance level.
PIVOTS S1 S2 R1 R2
SOYABEAN
Soyabean showed bearish movement and found the
important support level of 2950. If prices sustain
below 2950 level in next trading session then this
bearish momentum can take prices to 2920 level. If
it breaks the resistance level of 3000 then 3040 will
act as next resistance level.
PIVOTS S1 S2 R1 R2
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