Daily Market Reflection

14th October 2016

COMDEX

Market Outlook
Gold closed higher on Thursday as speculators enlarged
positions amid a firm global trend. Silver futures closed lower as
participants engaged in trimming their positions taking weak
cues from global market. Base metals were mostly lower. Crude
oil closed higher in the wake of U.S. inventory report that
revealed the first weekly rise in crude supplies since the end of
August, but also a drop in output for the lower 48 states to the
lowest level in over two years. Natural gas also closed higher
amid decline in its inventory.
Fundamental News
Gold edged up on Thursday on a weaker dollar and as equities
plunged on soft Chinese trade data that stoked concerns about
the health of the world's No.2 economy.
Crude oil prices recovered from a brief dip on Thursday as
refined products futures rallied on stockpile draws in U.S.
gasoline and distillate fuel oil. Prices initially dipped after
government data showed the first rise in U.S. crude stockpiles in
six weeks as refinery inputs fell. Inventories rose by 4.9 million
barrels to a total of 474 million barrels in the week through Oct.
7.
Important Data
Time

Currency

Event

Foreca
st

Previou
s

6:00pm

USD

Core Retail Sales

m/m

0.4%

-0.1%

6.00pm

USD

PPI m/m

0.2%

0.0%

Market Updates
MCX
Date
12-10-16

GOLD
SILVER
CRUDE
COPPER
$ INDEX

29561
42051
324.00
3351
111.95
135.10
706.60
150.90
214.50
Date
12-10-16
1253.80
17.505
50.18
2.177
97.99

Date
13-1016
29709
41890
315.80
3365
112.75
133.05
696.40
149.85
223.70
Date
13-10-16
1257.50
17.462
50.32
2.123
97.59

USDINR

66.6750

67.0300

GOLD
SILVER
COPPER
CRUDE
ALUMINIUM
LEAD
NICKEL
ZINC
NATURALGAS
COMEX

USD

Retail Sales m/m

0.6%

-0.3%

+0.20%
-0.38%
-2.53%
+0.42%
+0.71%
-1.52%
-1.44%
-0.70%
+4.29%
% Chg
+0.30%
-0.27%
+0.28%
-2.46%
-0.41%
+0.53%

OUR PREVIOUS CALLS UPDATE

Intraday super star
Date Commodity Entry
Exit
P/L

13/1 NICKEL
0
BOE Gov Carney
Multibagger
Tentative
GBP
Speaks
Date Commodity Entry
Exit
Prelim UoM
13/1 LEAD
134.90 132.90
USD
7:30pm
Consumer
92.1
91.2
0
Sentiment
Trifid special
Date Commodity Entry
Exit
Fed Chair Yellen
USD
11:00pm
Speaks
13/1 GOLD
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| Toll Free: 1800-270-1410
0
For our next calls click here..
6.00pm

% Chg

P/L
10000

P/L
-

Gold and Silver

GOLD

PIVOT
S
MCX
COME

COMEX GOLD

S1

S2

R1

R2

29400
1248

29100
1238

29800
1262

30000
1272

SILVER

Gold showed sideways movement and near to its

resistance level of 29900. Now if it will close above the
important resistance level of 30000 then 30400 will act
as next resistance level. On lower side 29500 will act as
vital support level.
COMEX SILVER

PIVOTS

S1

S2

R1

R2

MCX
COMEX

41750
17.30

41250
17.10

42400
17.65

43000
17.85

Silver showed bearish movement in todays session after

opening on higher note. Now if it will maintain above its
resistance level of 42400 then 43000 will act as next
resistance level. On the other hand 41750 will act as
important support level.

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Crude and Copper

CRUDE

COMEX CRUDE

PIVOTS

S1

S2

R1

R2

MCX

3300

3250

3400

3450

COMEX

49.60

49.00

50.50

51.15

Crude oil showed sideways movement. Now if it will

maintain above 3400 then 3450 will be next resistance
level. On the other hand 3300 will act as important
support level.
COMEX COPPER

COPPER

PIVOTS

S1

S2

R1

R2

MCX

314

310

320

325

COMEX

2.1000

2.0800

2.1235

2.1370

Copper showed sideways to bearish movement and

found the important support of 315. Now if it will break
the support level of 315 then 310 will act as next
support level. On the other hand 320 will act as a major
resistance level.

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Other Commodities
PIVOT
COMMODITIE
S

S1

S2

R1

R2

VOLUME

OI

TREND

ALUMINIUM

112

111

113.50

115

5975

5003

Bullish

LEAD

132.50

131

135

136.50

16526

4492

Bearish

NICKEL

690

680

700

710

36256

12352

Bearish

ZINC

147.60

144.80

150.70

152

23590

6992

Bearish

NATURAL GAS

220

217

225.50

227

84368

9880

Bullish

LME INVENTORY
dasdasdinkjjlfcnl
Due to Summer
Bank Holiday NO7/10/2016
LME DATA TODAY
COMMODITIES
6/10/2016

10/10/2016

12/10/2016

13/10/2016

ALUMINIUM

-7577

-7478

-6700

-7301

-9952

COPPER

-5322

-4428

-4626

-1498

-1698

LEAD

+49

+26

-149

-677

-151

NICKEL

-277

-277

+548

-254

-446

ZINC

+4753

-202

-152

-349

-526

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Agri Commodity Updates

SOYAREF
Soyaref showed sideways to bullish movement and
found its important support level of 650. Now on
higher side 653 will act as important resistance level
above which it will pull towards the resistance level
of 659. On lower side some correction will take it
towards the support level of 649.
PIVOTS

S1

S2

R1

R2

649

645

655

659

RMSEED
Rmseed showed bearish movement and found its
support level of 4460. Now on higher side 4550 will
act as important resistance level above which it will
pull towards the resistance level of 4600. On lower
side bearish movement drags it towards the support
level of 4450.

PIVOTS

S1

S2

R1

R2

4450

4400

4550

4600

JEERA
Jeera showed bearish movement and found support
of 16500. Now on lower side 16500 will act as
important support level below which it will drag
down towards the support level of 16200. On higher
side some correction pulls it towards the resistance
level of 16900.

PIVOTS

S1

S2

R1

R2

16500

16200

16900

17200

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Intraday Super Star

(Premium Section)

CALL: BUY ALUMINIUM ABOVE 113 TARGETS 114/115 SL 111.50.

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Multibagger Call
(Premium Section)

CALL: SELL NICKEL BELOW 691 TARGETS 681/671 SL 707.

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Trifid Special
(Premium Section)

CALL: SELL SILVER BELOW 41750 TARGETS 41450/41100 SL 42200.

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