Daily Market Reflection

16th March 2017

Market Outlook COMDEX

Gold prices were little changed during European morning hours,
as investors prepared for a rate hike by the Federal Reserve
while keeping an eye on the outcome of the Dutch election. Oil
prices were higher during European morning hours on
Wednesday, bouncing off the lowest level in around four months
after industry data showed a surprise drawdown in U.S. crude
stockpile. The American Petroleum Institute said that U.S. oil
inventories fell by a surprising 530,000 barrels in the week ended
March 10. The dollar was lower against a basket of the other
major currencies on Wednesday ahead of an expected interest Market Updates
rate hike by the Federal Reserve at the conclusion at the MCX Date Date % Chg
14-03-17 15-03-
conclusion of its policy meeting later in the trading day.
17
GOLD 28076 27959 -0.35%
Fundamental News SILVER 40083 39980 -0.26%
China's fiscal spending surged 17.4 percent in the first two COPPER 385.50 386.60 +0.29%
months of 2017 from the same period of last year, the finance CRUDE 3136 3180 +1.40%
ministry said on Wednesday, quickening from a 12 percent gain ALUMINIUM 122.30 123.30 +0.82%
seen in the same period a year ago. LEAD 146.35 147.10 +0.51%
Global oil inventories rose for the first time in six months in NICKEL 672.80 670.80 -0.30%
ZINC 180.30 183.55 +1.80%
January, despite OPEC's production cuts, but if the group
NATURALGAS 194 195.30 +0.67%
maintains its output limits, the market may tilt into deficit in the
first half of 2017, the International Energy Agency said COMEX Date Date % Chg
14-03-17 15-03-17
.
GOLD 1202.60 1202.15 -0.04%
Important Data SILVER 16.923 16.973 +0.30%
CRUDE 47.72 48.47 +1.57%
Time Currency Event Forecast Previou COPPER 2.635 2.660 +0.95%
s $ INDEX 101.62 101.30 -0.31%
05:30P Monetary Policy USDINR 65.9625 65.7950 -0.25%
GBP
M Summary
05.30P OUR PREVIOUS CALLS UPDATE
GBP Official Bank Rate 0.25%
M Intraday super star
06:00P Date Commodity Entry Exit P/L
USD Building Permits 1.29M
M 15/3 SOYABEAN - - -
Philly Fed Multibagger
06:00
USD Manufacturing 43.3 Date Commodity Entry Exit P/L
PM
Index 15/3 COPPER - - -
Trifid special
Unemployment Date Commodity Entry Exit P/L
06:00P USD 243K
Claim 15/3 GOLD 28050 27970 8000
M
For our next calls click here..
08:00P www.trifidresearch.com
Natural Gas | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410
M USD -68B
Storage
 Gold and Silver

GOLD COMEX GOLD

Gold showed bearish movement and found the important

support level of 27900. Now if it will sustain below the
PIVOT S1 S2 R1 R2
S important support level of 27900 then 27700 will act as
MCX 28050 27800 28300 28500 next support level. On the other hand 28200 will act as a
COME 1195 1180 1205 1220 major resistance level.

SILVER COMEX SILVER

Silver showed sideways movement and found the

PIVOTS S1 S2 R1 R2 important support level of 39800. Now if it will sustain
below 39800 then 39300 will act as next support level.
MCX 39800 39300 40300 41000
On the other hand 40300 will act as a major resistance
COMEX 16.70 16.55 17.00 17.15
level.

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 Crude and Copper

CRUDE COMEX CRUDE

Crude showed sideways to bearish movement and

PIVOTS S1 S2 R1 R2 found the important support level of 3150. Now if it will
close below the important support level of 3150 then
MCX 3150 3050 3240 3300
3050 will act as next support level. On the other hand
COMEX 47.50 46.90 49.00 50.00
3240 will act as a major resistance level.

.
COPPER COMEX COPPER

Copper showed sideways to bullish movement and

found the important resistance level of 389. Now if it will
PIVOTS S1 S2 R1 R2
close below the important support level of 384 then 378
MCX 384 378 390 395 will act as next support level. On the other hand 390 will
COMEX 2.6200 2.6000 2.6500 2.6700 act as a major resistance level.

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 Other Commodities

PIVOT

COMMODITIE S1 S2 R1 R2 VOLUME OI TREND

S

ALUMINIUM 122.50 121 123.50 125 4102 1814 Bearish

LEAD 145 143 149 152 14930 1836 Bearish

NICKEL 660 640 680 700 25580 22919 Bearish

ZINC 182 180 184 185.50 24488 5676 Bullish

NATURAL GAS 193 190 198 201 44463 5550 Bearish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
COMMODITIES Bank Holiday NO LME
8/03/2017 DATA TODAY
9/03/2017 10/03/2017 14/03/2017 15/03/2017

ALUMINIUM -16325 -16750 -16275 -21425 -13675

COPPER +26550 +38775 -1800 +850 +8475

LEAD +325 +675 +675 +600 -450

NICKEL +5022 -288 -852 +612 +1878

ZINC -2175 -1325 -2475 -1600 -2375

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 Agri Commodity Updates

GUARSEED
Guarseed found the important resistance level of
3875 and showed bullish movement. If prices
sustains below 3800 level in next trading session
then this bearish momentum can take prices to 3750
level. If it breaks the resistance level of 3880 then
3920 will act as next resistance level.

PIVOTS S1 S2 R1 R2

3800 3750 3880 3920

JEERA
Jeera showed bearish movement today and found
the support level of 16700. If prices sustain below
16700 levels in next trading session then this
bearish momentum can take prices to 16500 levels.
If it breaks the resistance level of 17000 then 17300
will act as next resistance level.

PIVOTS S1 S2 R1 R2

16700 16500 17000 17300

SOYABEAN
Soyabean showed bearish movement and found the
important support level of 2870. If prices sustain
below 2870 level in next trading session then this
bearish momentum can take prices to 2840 level. If
it breaks the resistance level of 2900 then 2940 will
act as next resistance level.

PIVOTS S1 S2 R1 R2

2860 2820 2900 2940

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 Intraday Super Star
(Premium Section)

CALL: SELL TURMERIC BELOW 6520 TARGETS 6470/6420 SL 6600.

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 Multibagger Call
(Premium Section)

CALL: SELL ZINC BELOW 182.90 TARGETS 181.90/180.90 SL 185.

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 Trifid Special
(Premium Section)

CALL: SELL GOLD BELOW 27900 TARGETS 27800/27700 SL 28050.

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