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Daily Market Reflection 24th January 2018

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Market Outlook

Important Data

Market Updates

MCX Date Date % Chg22-1-18 23-1-18

GOLD 29858 29909 +0.25%SILVER 38963 38711 -0.69%COPPER 453.15 440.35 -2.71%CRUDE 4050 4115 +1.73%ALUMINIUM 143.45 141.95 -1.11%LEAD 167.05 166.50 -0.45%NICKEL 811.90 815.00 +0.48%ZINC 219.90 218.80 -0.50%NATURALGAS 206.30 219.80 +6.60%

COMEX Date 22-1-18

Date 23-1-18

% Chg

GOLD 1331.90 1337.10 +0.39%SILVER 16.989 16.915 -0.44%CRUDE 63.57 64.41 +1.32%COPPER 3.198 3.114 -2.64%$ INDEX 90.15 90.05 -0.11%USDINR 63.9125 63.8275 -0.13%

Date 12-1-18

Gold price begins today’s trading with calm bullish bias afterretesting the previously breached resistance of the bullish flagpattern that appears on the chart, which support the continuationof our bullish overview in the upcoming sessions, and we believethat the way is open to visit 1357.50 that represents our nextmain target. Crude oil price rallied upwards to end yesterday’strading above the correctional bearish channel’s resistance thatappears on the chart, the bullish trend will be expected in theupcoming sessions, Copper price did not move until thismoment, fluctuating around 3.2000 level, the stability of thecurrent support is breaching today, below the initial support3.2000 will postpone the bullish attempts and push the price forsome correctional bearish trades, expecting to move towards3.0800 level.

Fundamental NewsGold prices edged higher on Tuesday, supported by a weakerU.S. dollar languishing near three-year lows after U.S. lawmakersreached a deal to end a government shutdown. The House ofRepresentatives subsequently voted and passed the bill to reopenthe government, which Trump then signed into law.

Crude prices pushed higher on Tuesday, as investors lookedahead to weekly data from the U.S. on stockpiles of crude andrefined products to gauge the strength of demand in the world’slargest energy consumer.

Time Currency

Event Forecast

Previous

2:30pm EURFlash Manufacturing

PMI60.4 60.6

3:00pm GBPAverage Earnings

Index 3m/y2.5% 2.5%

8:30pm USD Existing Home Sales 5.72M 5.81M

9:00pm USDCrude Oil

Inventories-6.9M

OUR PREVIOUS CALLS UPDATEIntraday super star

Date Commodity Entry Exit P/L

23/01

LEAD - - -

MultibaggerDate Commodity Entry Exit P/L23/01

CRUDE 4050 4130 8000

Trifid specialDate Commodity Entry Exit P/L

23/0 GOLD 29850 29930 8000

COMDEX

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Gold and Silver


SILVER COMEX SILVER

GOLD

PIVOTS

S1 S2 R1 R2

MCX 29781 29691 30025 30145COMEX

1324 1316 1346 1359

COMEX GOLD

Gold showed sideways to bullish movement and foundthe major resistance level of 30025. Now if pricesustains on higher level then it will test next resistancelevel of 30145. On other side 29781 will be majorsupport level.

PIVOTS S1 S2 R1 R2

MCX 38573 38402 39086 39487

COMEX 16.77 16.56 17.24 17.41

Silver showed sideways to bearish movement and foundthe major support level of 38573. Now if price sustains on lower level then it will test next support level of 38402. On other side 39086 will be major resistance level.


Crude and Copper


CRUDE COMEX CRUDE

COPPER COMEX COPPER

PIVOTS S1 S2 R1 R2

MCX 4050 4007 4130 4160

COMEX 64.05 63.85 64.86 65.10

Crude oil showed sideways to bullish movement and found the major resistance level of 4130. Now if price sustains on higher level then it will test next resistance level of 4160. On other side 4050 will be major support level.

PIVOTS S1 S2 R1 R2

MCX 437.35 435.40 445.00 448.00

COMEX 3.0730 3.0542 3.1609 3.1830

Copper showed sideways to bearish movement and found the major support level of 437.35. Now if price sustains on lower level then it will test next support level of 435.40.On other side 445.00 will be major resistance level.


Other Commodities

Due to Summer Bank Holiday NO LME DATA TODAY


PIVOTS

COMMODITIES

S1 S2 R1 R2 VOLUME OI TREND

ALUMINIUM 140.75 139.85 143.05 144.95 9451 2106 Bearish

LEAD 165.30 164.50 168.65 169.75 14514 2147 Bearish

NICKEL 801.80 786.70 822.30 837.90 48823 9957 Bullish

ZINC 217.90 216.80 221.25 222.35 21104 11625 Bearish

NATURAL GAS 210.50 208.40 221.20 224.10 119325 11605 Bullish

LME INVENTORY

COMMODITIES 17/01/2018 18/01/2018 19/01/2018 22/01/2018 23/01/2018

ALUMINIUM +4925 +2150 +975 -3425 -2225

COPPER +25 +800 +6175 +125 +36300

LEAD -475 -475 -400 -450 -200

NICKEL +750 -2436 -1032 +1668 -300

ZINC -25 -75 -50 -25 -400


Agri Commodity Updates


JEERA

SOYABEAN

PIVOTS S1 S2 R1 R2

16400 16200 16600 16800

PIVOTS S1 S2 R1 R2

3550 3500 3600 3650

Jeera showed bearish movement today and foundthe support level of 16450. If price sustains below16450 levels in next trading session then thismomentum can take prices to 16200 levels. If itbreaks the resistance level of 16600 then 16800 willact as next resistance level.

Soyabean showed bullish movement and found theimportant resistance level of 3580. If price maintainsabove 3580 level in next trading session then thisbullish momentum can take prices to 3620 level. If itbreaks the support level of 3550 then 3500 will actas next support level.

PIVOTS S1 S2 R1 R2

4500 4450 4600 4650

Guarseed showed bullish movement and found theimportant resistance level of 4600. If price maintainsabove 4600 level in next trading session then thismomentum can take prices to 4650 level. If it breaksthe support level of 4500 then 4450 will act as nextsupport level.

GUARSEED


Intraday Super Star (Premium Section)


CALL: SELL ZINC BELOW 218.50 TARGETS 217.50/216.50 SL 220.


Multibagger Call (Premium Section)


CALL: BUY NATURAL GAS ABOVE 221 TARGETS 226/231 SL 216.


Trifid Special(Premium Section)

SS


CALL: BUY GOLD ABOVE 29940 TARGETS 30020/30100 SL 29820


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