Daily Market Reflection

8th August 2016

Market Outlook

COMDEX

In the morning session bullions were trading in sideways but

later in evening session it tumbled after the strong US data.
Crude oil showed bearish trend in evening session and closed in
red, mitigating last two days gains; over production and high
crude inventories remains the story for crude oil. Base metals
were mostly flat ahead of jobs data but have been slumping
since the last couple of days. Copper ticked higher in thin
trading but was headed for its biggest weekly loss since last
month.

Fundamental
News
Fundamental Factors
Gold prices extended losses on Friday after a better-thanexpected jobs report dented safe-haven demand and increased
concerns that the Federal Reserve could raise interest rates in
the coming months.
Oil prices fell on Friday as a crude and refined product glut
weighed on markets and investors eyed a possible stutter in
Chinas imports, ending a two-day short-covering rally.

Important Data
Time

5:20am
Tentativ
e

Currenc
y

Event

JPY

Current Account

CNY

Trade Balance

Foreca
st

Previou
s

1.60T

1.41T

313B

311B

3.6

1.7

2.7%

-1.9%

6:00pm

CAD

Sentix Investor
Confidence
Building Permits
m/m

8th-12th

USD

Mortgage
Delinquencies

4.77%

7:30pm

USD

Labor Market
Conditions Index
m/m

-1.9

2:00pm

EUR

Market Updates
MCX
Date
04-08-16
GOLD
SILVER
COPPER

31780
47677
322.25

Date
05-0816
312280
46225
319.75

% Chg

CRUDE
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS
COMEX

2786
109.95
119.40
716.30
151.60
186.10
Date
05-08-16
1341.95
19.772
41.99
2.160
66.9900

-0.85%
+1.29%
-0.50%
+1.13%
+0.30%
-2.57%
% Chg

GOLD
SILVER
CRUDE
COPPER
USDINR

2810
108.55
120
708.30
151.15
191
Date
04-08-16
1367.40
20.443
41.93
2.174
67.1850

$ INDEX

95.75

96.19

+0.44%

-1.74%
-3.05%
-0.78%

-1.86%
-3.43%
+0.14%
-0.64%
-0.29%

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity Entry
Exit
P/L
04/0 ALUMINIUM 8
Multibagger
Date Commodity Entry
Exit
04/0 SILVER
47650 47200
8
Trifid special
Date Commodity Entry
Exit
04/0 CRUDE
8
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P/L
13500

P/L
-

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

31160
1330

31000
1325

31330
1345

31500
1350

SILVER

Gold showed bearish movement in todays session and

found support of 31200. Now if it will close below the
important support level of 31150 then 31000 will act as
next support level. On higher side 31500 will act as vital
resistance level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

46000
19.50

45595
19.18

46650
19.90

47100
20.15

Silver showed weak movement. Now if it will break the

support level of 46000 then 46500 will act as next
support level. On the other hand 46750 will act as
important resistance level.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

2750

2700

2825

2900

COMEX

41.30

40.65

42.10

42.70

Crude oil showed sideways movement. Now if it will

maintain above 2825 then 2900 will be next resistance
level. On the other hand 2735 will act as important
support level.
COMEX COPPER

COPPER

PIVOTS

S1

S2

R1

R2

MCX

318.50

317

321.35

324

COMEX

2.1400

2.000

2.1575

2.1730

Copper showed bearish movement and drag down towards

the support level of 319. Now if it will break the support
level of 319 then 317 will act as next support level. On the
other hand 323.50 will act as a major resistance level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

108.90

107.80

110.50

111.80

6279

2420

Bullish

LEAD

118.30

116.50

121

122.30

8629

3576

Bearish

NICKEL

700

685

725

740

33714

10239

Bullish

ZINC

150.30

148.70

152.80

154

18201

12875

Bullish

NATURAL GAS

182

178

191

195.50

36871

5484

Bearish

LME INVENTORY
dasdasdinkjjlfcnl
COMMODITIES
01/07/2016

02/08/2016

03/08/2016

04/08/2016

05/08/2016

ALUMINIUM

-9650

-9250

-6300

-6775

-6425

COPPER

+625

-425

-2300

+1950

-2650

LEAD

-50

-50

+1650

-500

..

NICKEL

-120

-204

-372

-630

-2256

ZINC

-1425

-50

-525

-550

-375

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Agri Commodity Updates

DHANIYA
Dhaniya showed sideways to bearish movement and
found its important support level of 8250. Now on
higher side 8370 will act as important resistance
level above which it will pull towards the resistance
level of 8550. On lower side some correction will
take it towards the support level of 8100.
PIVOTS

S1

S2

R1

R2

8250

8140

8370

8500

CARDAMOM
Cardamom showed sideways movement and
consolidated near to its important resistance of 965.
Now on higher side 967 will act as important
resistance level above which it will pull towards the
resistance level of 972. On lower side some
correction drags it towards the support level of 952.

PIVOTS

S1

S2

R1

R2

957

950

967

972

SOYABEAN
Soyabean showed bearish movement. Now on
lower side 3565 will act as important support level
below which it will drag down towards the support
level of 3525. On higher side some correction pulls
it towards the resistance level of 3625.

PIVOTS

S1

S2

R1

R2

3555

3525

3590

3620

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Intraday Super Star

(Premium Section)

CALL: SELL SILVER BELOW 46150 TARGETS 46000/45700 SL 46400.

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Multibagger Call
(Premium Section)

CALL: SELL DHANIYA BELOW 8250 TARGETS 8175/8000 SL 8350.

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Trifid Special
(Premium Section)

CALL: BUY CRUDE ABOVE 2750 TARGETS 2850/3000 SL 2630.

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