Commodity market trend and news for all traders

Daily Market Reflection 14th February 2017

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Market Outlook

Important Data

Market UpdatesMCX Date Date % Chg

10-02-17 13-02-17

GOLD 29144 29030 -0.49%SILVER 42640 42420 -0.42%COPPER 406.10 411.95 +0.93%CRUDE 3594 3546 -1.75%ALUMINIUM 124.50 125.15 +0.24%LEAD 160.25 162.65 +0.84%NICKEL 709.70 714.10 +0.46%ZINC 196.50 195.65 -0.38%NATURALGAS 204.40 198.70 -2.65%

COMEX Date 10-02-17

Date 13-02-17

% Chg

GOLD 1223.65 1235.90 -0.99%SILVER 17.933 17.812 -0.67%CRUDE 53.86 52.89 -1.80%COPPER 2.768 2.786 +0.69%$ INDEX 100.72 101.00 +0.29%

USDINR 66.9775 67.1200 +0.21%

Gold prices were slightly lower on Monday, as recent actions byU.S. President Donald Trump helped soothe investor worriesabout uncertainty surrounding the new administration’scontroversial policies. Prices of the yellow metal rallied to athree-month high of $1,246.60 last week amid growing concernsover political risks in Europe and economic uncertainty in theU.S. Oil prices dipped on Monday on signs that global fuelmarkets remained bloated despite OPEC-led crude productioncuts that have been more successful than most initiallyexpected.

Fundamental News

Gold prices steadied on Friday, but remained below the week’sthree-month highs as the dollar pared back some of the gainsmade in the wake of U.S. President Donald Trump's promise ofa major tax announcement.

Oil prices rose on Friday after reports that OPEC membersdelivered more than 90 percent of the output cuts they pledgedin a landmark deal that took effect in January.

Time Currency Event Forecast

Previous

7:00am CNY CPI y/y 2.4% 2.1%

12:30pm EURGerman Prelim

GDP q/q0.5% 0.2%

3:00pm GBP CPI y/y 1.9% 1.6%

7:00pm USD PPI m/m 0.3% 0.3%

7:00pm USD Core PPI m/m 0.2% 0.2%

8:30pm USDFed Chair Yellen

Speaks

OUR PREVIOUS CALLS UPDATEIntraday super starDate Commodity Entry Exit P/L

13/2 SOYABEAN 3065 3030 3500

MultibaggerDate Commodity Entry Exit P/L13/2 LEAD 161.50 164.50 15000Trifid specialDate Commodity Entry Exit P/L

13/2 ZINC 195.50 197.50 8500

For our next calls click here……..

COMDEX

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Gold and Silver


SILVER COMEX SILVER

GOLD

PIVOTS

S1 S2 R1 R2

MCX 28900 28700 29300 29500COME 1217 1210 1230 1245

COMEX GOLD

Gold showed bearish movement and found the importantsupport 1evel of 28940. Now if it will maintain above theimportant resistance level of 29300 then 29500 will actas next resistance level. On the other hand 28900 willact as a major support level.

PIVOTS S1 S2 R1 R2

MCX 42200 41700 42800 43400

COMEX 17.65 17.40 18.00 18.20

Silver showed bearish movement and found theimportant resistance level of 42731. Now if it willmaintain above 42750 then 43300 will act as nextresistance level. On the other hand 42200 will act as amajor support level.


Crude and Copper


CRUDE COMEX CRUDE

COPPER COMEX COPPER

PIVOTS S1 S2 R1 R2

MCX 3520 3480 3580 3630

COMEX 52.60 52.00 53.40 54.00

Crude showed sideways to bearish movement andfound the important resistance level of 3600. Now if itwill close above the important resistance level of 3625then 3700 will act as next resistance level. On the otherhand 3520 will act as a major support level.

.

PIVOTS S1 S2 R1 R2

MCX 408 403 415 420

COMEX 2.7500 2.7300 2.7800 2.8000

Copper showed bullish movement and found theimportant resistance level of 4150. Now if it will closebelow the important support level of 408 then 402 willact as next support level. On the other hand 415 will actas a major resistance level.


Other Commodities

Due to Summer Bank Holiday NO LME DATA TODAY


COMMODITIES

S1 S2 R1 R2 VOLUME OI TREND

ALUMINIUM 125 123 126 128 6016 2252 Bullish

LEAD 163 161 166 168 14600 1941 Bullish

NICKEL 710 700 726 735 26967 15743 Bullish

ZINC 195 193 199 202 20788 7444 Bullish

NATURAL GAS 198 195 203 206 36652 10014 Bearish

PIVOT

COMMODITIES 7/02/2017 8/02/2017 9/02/2017 10/02/2017 13/02/2017

ALUMINIUM +5525 -9250 -7900 -6200 -5450

COPPER -275 +1275 -3200 -3325 -375

LEAD +100 -425 -75 -200 -50

NICKEL +1116 -48 -660 -720 +1176

ZINC -2800 -1450 -1050 -750 +225

LME INVENTORYdasdasdinkjjlfcnl


Agri Commodity Updates


JEERA

SOYABEAN

PIVOTS S1 S2 R1 R2

16800 16500 17000 17300

PIVOTS S1 S2 R1 R2

3030 3000 3060 3100

Jeera showed bearish movement today and foundthe support level of 16800. If prices sustain below16800 levels in next trading session then thisbearish momentum can take prices to 16500 levels.If it breaks the resistance level of 17000 then 17300will act as next resistance level.

.

Soyabean showed bearish movement and found theimportant support level of 3030. If prices sustainbelow 3030 level in next trading session then thisbearish momentum can take prices to 3000 level. Ifit breaks the resistance level of 3060 then 3100 willact as next resistance level.

PIVOTS S1 S2 R1 R2

3270 3230 3300 3330

Guarseed found the important support level of 3270and showed bearish movement. If prices sustainsbelow 3270 level in next trading session then thisbearish momentum can take prices to 3250 level. If itbreaks the resistance level of 3300 then 3330 will actas next resistance level.

GUARSEED


Intraday Super Star (Premium Section)


CALL: SELL RMSEED BELOW 3080 TARGETS 3050/3020 SL 3830.


Multibagger Call (Premium Section)


CALL: SELL COPPER BELOW 409.50 TARGETS 406/402 SL 415.


Trifid Special(Premium Section)


CALL: SELL GOLD BELOW 28925 TARGETS 28825/28725 SL 29075.


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Commodity market trend and news for all traders

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Transcript of Commodity market trend and news for all traders