Daily Market Reflection

6th October 2016

COMDEX

Market Outlook
Gold closed lower as a better-than-expected data of the U.S.
services sector helped dull the metals investment appeal. Silver
closed lower as participants engaged in trimming their positions
taking weak cues from global market. Base metals were mostly
lower and Copper was flat as holidays in China muted trade. A
flurry of data from China in coming weeks is expected to point to
modest improvement in economy as government infrastructure
spree and housing boom boosts demand from steel which will
affect metal prices. Oil prices rose towards $50, hitting their
highest level since June, supported by report that U.S.
inventories data of crude stockpiles fell unexpectedly, for a fifthstraight week and OPEC's supply cut deal.

Fundamental News
Gold and silver prices tumbled sharply at the bullion market in
Mumbai on Wednesday due to heavy selling pressure from
stockists in view of sharp fall in global market.
Brent crude topped $52 a barrel for the first time since June on
Wednesday after government data showed a fifth straight
weekly decline in U.S. crude inventories.
Important Data
Time

6:00am
5:00pm
5:00pm
6:00pm
6:00pm
8:00pm

Currenc
y

Event

Foreca
st

Previou
s

AUD

Trade Balance

-2.32B

-2.41B

EUR

ECB Monetary
Policy Meeting
Accounts
Challenger Job
Cuts y/y
Building Permits
m/m

Market Updates
MCX
Date
4-10-16
GOLD
30047
SILVER
42881
COPPER
322.20
CRUDE
3265
ALUMINIUM
111.05
LEAD
137.75
NICKEL
671.70
ZINC
158.45
NATURALGAS 195.10
COMEX
Date
4-10-16
GOLD
1269.70
SILVER
17.775
CRUDE
48.69
COPPER
2.167
$ INDEX
96.10

Date
5-10-16
29916
42615
322.00
3321
111.15
136.05
675.80
156.00
201.50
Date
5-10-16
1266.75
17.638
49.76
2.166
96.16

USDINR

66.7450

66.7200

-0.44%
-0.62%
-0.06%
+1.72%
+0.09%
-1.23%
+0.61%
-1.55%
+3.28%
% Chg
-0.22%
-0.77%
+2.22%
-0.05%
+0.06%
+0.04%

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity Entry
Exit
P/L

06/1 NICKEL
0
Multibagger
1.1%
0.8%
CAD
Date Commodity Entry
Exit
06/1 COPPER
Unemployment
0
255K
254K
USD
Claims
Trifid special
Date Commodity Entry
Exit
Natural Gas
USD
67B
49B
Storage
06/1 SOYABEAN
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0
For our next calls click here..
USD

% Chg

-21.8%

P/L
-

P/L
-

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

29700
1255

29500
1245

30000
1272

30200
1282

SILVER

Gold showed bearish movement and near to its support

level of 29800. Now if it will close above the important
resistance level of 30000 then 30250 will act as next
resistance level. On lower side 29750 will act as vital
support level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

42000
17.40

41500
17.00

42700
17.85

43300
18.10

Silver showed weak movement in todays session. Now

if it will maintain above its resistance level of 42750 then
43250 will act as next resistance level. On the other
hand 41800 will act as important support level.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

3275

3225

3350

3400

COMEX

49.00

48.00

50.15

51.00

Crude oil showed bullish movement. Now if it will

maintain above 3330 then 3400 will be next resistance
level. On the other hand 3280 will act as important
support level.
COMEX COPPER

COPPER

PIVOTS

S1

S2

R1

R2

MCX

320.00

317.50

324.00

327.00

COMEX

2.1490

2.1250

2.1665

2.1800

Copper showed sideways to bearish movement and found

the important support of 320.50. Now if it will break the
support level of 320 then 317 will act as next support level.
On the other hand 324.50 will act as a major resistance level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

110.50

109.50

112.50

113.80

5228

3397

Bearish

LEAD

136.50

135

139.20

141

16757

5059

Bearish

NICKEL

663

650

385

700

33351

20522

Bearish

ZINC

156

153.70

158.40

160.20

22206

10935

Bearish

NATURAL GAS

195.60

191.50

200

203

47497

5279

Bullish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
Bank Holiday NO30/09/2016
LME DATA TODAY
COMMODITIES
29/09/2016

3/10/2016

4/10/2016

5/10/2016

ALUMINIUM

-4875

-4352

+30422

-6547

-6404

COPPER

+10100

-6952

-452

-3252

-3474

LEAD

-300

-251

-202

+151

+377

NICKEL

+564

-655

+208

-538

-910

ZINC

-675

-626

-270

+8872

+5322

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Agri Commodity Updates

SOYAREF
Soyaref showed sideways to bullish movement and
found its important resistance level of 656. Now on
higher side 660 will act as important resistance level
above which it will pull towards the resistance level
of 665. On lower side some correction will take it
towards the support level of 652.
PIVOTS

S1

S2

R1

R2

652

645

656

660

RMSEED
Rmseed showed bullish movement and found its
resistance level of 4570. Now on higher side 4575
will act as important resistance level above which it
will pull towards the resistance level of 4625. On
lower side bearish movement drags it towards the
support level of 4520.

PIVOTS

S1

S2

R1

R2

4535

4500

4580

4625

JEERA
Jeera showed bearish movement and found support
of 16700. Now on lower side 16700 will act as
important support level below which it will drag
down towards the support level of 16500. On higher
side some correction pulls it towards the resistance
level of 17300.

PIVOTS

S1

S2

R1

R2

16700

16500

17300

17500

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Intraday Super Star

(Premium Section)

CALL: SELL COPPER BELOW 320.50 TARGETS 318/315 SL 324.50.

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Multibagger Call
(Premium Section)

CALL: SELL LEAD BELOW 136 TARGETS 135/134 SL 137.50.

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Trifid Special
(Premium Section)

CALL: BUY CRUDE ABOVE 3330 TARGETS 3380/3450 SL 3280.

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