Indian Commodity Market Trading Tips

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Daily Market Reflection 4 ST July 2016 www.trifidresearch.com | Email id: [email protected] | Toll Free: 1800-270-1410 Market Outlook Important Data Market Updates MCX Date Date % Chg 30-06-16 1-07-16 GOLD 31199 31663 +0.85% SILVER 43467 46403 +4.62% CRUDE 3304 3271 -1.00% COPPER 327 333.15 +0.77% ALUMINIUM 110.60 111.75 +0.40% LEAD 120.25 125 +3.35% NICKEL 636.70 671.10 +5.04% ZINC 142.10 144.35 +1.55% NATURALGAS 197.30 199.20 +0.96% COMEX Date 30-06-16 Date 1-07-16 % Chg GOLD 1320.60 1344.10 +1.78% SILVER 18.623 19.865 +6.67% CRUDE 48.33 49.27 +1.94% COPPER 2.196 2.222 +1.21% USDINR 67.7725 67.5950 -0.26% $ INDEX 95.95 95.72 -0.24% Gold and silver showed bullish movement in last trading session and closed above its major resistance. Brexit news is connuously supporng gold and silver bullish movement because economic turmoil in the global economy is increasing and economies are more volale so investors are moving to safe heaven. Buying gold and silver would be profitable for coming session. Base metals also showed bullish movement as demand is connuously increasing from china. In coming session more bullishness can be seen in base metals. Fundamental News Gold rose on Friday and was headed for its fifth straight weekly gain, boosted by a weaker dollar as the safe-haven asset continued to be in demand despite an increase in risk appetite post the Brexit vote. Falling crude inventories, concerns over Brexit uncertainty, political crisis in Venezuela and strike of oil workers in Norway were the push factors for oil prices over the past fortnight. Time Currenc y Event Foreca st Previou s All Day USD Bank Holiday 7:00am AUD Building Approvals m/m -3.6% 3.0% 12:30pm EUR Spanish Unemployment Change -74.3K -119.8K 2:00pm GBP Construction PMI 50.6 51.2 2:30pm EUR PPI m/m 0.3% -0.3% 8:00pm CAD BOC Business Outlook Survey OUR PREVIOUS CALLS UPDATE Intraday super star Date Commodity Entry Exit P/L 01/0 7 COPPER 331.10 327 -4100 Multibagger Date Commodity Entry Exit P/L 01/0 7 ALUMINIUM - - - Trifid special Date Commodity Entry Exit P/L 01/0 7 CRUDE 3335 3270 -6500 For our next calls click here…….. COMDEX

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Transcript of Indian Commodity Market Trading Tips

Page 1: Indian Commodity Market Trading Tips

Daily Market Reflection 4ST July 2016

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Market Outlook

Fundamental Factors

Important Data

Market UpdatesMCX Date Date % Chg

30-06-16 1-07-16GOLD 31199 31663 +0.85%SILVER 43467 46403 +4.62%CRUDE 3304 3271 -1.00%

COPPER 327 333.15 +0.77%ALUMINIUM 110.60 111.75 +0.40%LEAD 120.25 125 +3.35%NICKEL 636.70 671.10 +5.04%ZINC 142.10 144.35 +1.55%NATURALGAS 197.30 199.20 +0.96%COMEX Date

30-06-16Date 1-07-16

% Chg

GOLD 1320.60 1344.10 +1.78%SILVER 18.623 19.865 +6.67%CRUDE 48.33 49.27 +1.94%COPPER 2.196 2.222 +1.21%USDINR 67.7725 67.5950 -0.26%$ INDEX 95.95 95.72 -0.24%

Gold and silver showed bullish movement in last trading session andclosed above its major resistance. Brexit news is continuouslysupporting gold and silver bullish movement because economicturmoil in the global economy is increasing and economies are morevolatile so investors are moving to safe heaven. Buying gold and silverwould be profitable for coming session. Base metals also showedbullish movement as demand is continuously increasing from china. Incoming session more bullishness can be seen in base metals.

Fundamental News

Gold rose on Friday and was headed for its fifth straight weeklygain, boosted by a weaker dollar as the safe-haven assetcontinued to be in demand despite an increase in risk appetitepost the Brexit vote.

Falling crude inventories, concerns over Brexit uncertainty,political crisis in Venezuela and strike of oil workers in Norwaywere the push factors for oil prices over the past fortnight.

Time Currency

Event Forecast

Previous

All Day USD Bank Holiday

7:00am AUD Building Approvalsm/m -3.6% 3.0%

12:30pmEUR Spanish

UnemploymentChange

-74.3K -119.8K

2:00pm GBP Construction PMI 50.6 51.2

2:30pm EUR PPI m/m 0.3% -0.3%

8:00pm CAD BOC BusinessOutlook Survey

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

01/07

COPPER 331.10 327 -4100

MultibaggerDate Commodity Entry Exit P/L01/07

ALUMINIUM - - -

Trifid specialDate Commodity Entry Exit P/L

01/07

CRUDE 3335 3270 -6500

For our next calls click here……..

COMDEX

Page 2: Indian Commodity Market Trading Tips

Gold and Silver

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SILVER COMEX SILVER

GOLD

PIVOTS

S1 S2 R1 R2

MCX 31270 31150 31600 31850COME 1335 1325 1350 1360

COMEX GOLD

Gold showed bullish movement and gave breakout ofpennant pattern. Now if it will break the importantresistance level of 31600 then 31850 will act as nextresistance level. On lower side 31150 will act as vitalsupport level.

PIVOTS S1 S2 R1 R2

MCX 45900 45450 46600 47250

COMEX 19.35 18.45 19.90 20.40

Silver showed bullish movement. Now if it will break theimportant resistance level of 46600 then 47250 will actas next resistance level. On lower side 45450 will act asvital support level.

Page 3: Indian Commodity Market Trading Tips

Crude and Copper

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CRUDE COMEX CRUDE

COPPER COMEX COPPER

PIVOTS S1 S2 R1 R2

MCX 3230 3170 3300 3355

COMEX 48.66 47.89 50 50.60

Crude oil showed sideways movement. Now if itshowed bearish movement and sustain below 3230then 3170 will be next support level. On the other hand3355 will act as important resistance level.

PIVOTS S1 S2 R1 R2

MCX 331 327 336 340

COMEX 2.2063 2.1948 2.2247 2.2409

Copper showed bearish movement in morning session but itwas not able to hold on lower levels and found support of326 and bounce back towards the new high of 335.35. Now ifit will break the resistance of 336 then 340 will act as nextresistance level. On the other hand 331 will act as a importantsupport level.

Page 4: Indian Commodity Market Trading Tips

Other Commodities

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COMMODITIES

S1 S2 R1 R2 VOLUME OI TREND

ALUMINIUM 110.80 109.60 112.20 114 7415 3079 Bullish

LEAD 122.50 120.30 126.80 128.90 17406 2835 Bullish

NICKEL 664 624 690 716 50664 10799 Bullish

ZINC 142.50 140.10 145.70 148 29080 10305 Bullish

NATURAL GAS 193 187 203 207 65796 11429 Bullish

PIVOT

COMMODITIES 27/06/2016 28/06/2016 29/06/2016 30/06/2016 1/07/2016

ALUMINIUM -6900 -8675 -6700 -5750 -5750

COPPER -675 +1250 +1250 -2675 -2400

LEAD -25 -275 +900 -948 -75

NICKEL -312 -708 -789 -1025 +228

ZINC +17625 -1200 -2350 +16950 -475

LME INVENTORYdasdasdinkjjlfcnl

Page 5: Indian Commodity Market Trading Tips

Agri Commodity Updates

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DHANIYA

SOYABEAN

PIVOTS S1 S2 R1 R2

7150 7075 7250 7325

PIVOTS S1 S2 R1 R2

3705 3680 3750 3780

Dhaniya showed bearish movement and found thesupport of 7156. Now on higher side 7250 will actas important resistance level above which it willbounce towards the resistance level of 7325. Onlower side some correction pulls it towards thesupport level of 7075.

Soyabean showed sideways to negative movementand found the support of 3707. Now on lower side3705 will act as important support level below whichit will drags towards the support level of 3680. Onhigher side some correction it towards theresistance level of 3750.

PIVOTS S1 S2 R1 R2

3140 3110 3205 3240

Guarseed showed strong bearish movement afterfound the important resistance level of 3240. Now onlower side 3140 will act as important support levelbelow which it will drags towards the support level of3100. On higher side some correction it towards theresistance level of 3200.

GUARSEED

Page 6: Indian Commodity Market Trading Tips

Intraday Super Star (Premium Section)

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CALL: BUY CRUDE ABOVE 3285 TARGETS 3325/3375 SL 3230.

Page 7: Indian Commodity Market Trading Tips

Multibagger Call (Premium Section)

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CALL: BUY ALUMINIUM ABOVE 111.55 TARGETS 112.55/113.55 SL 110.

Page 8: Indian Commodity Market Trading Tips

Trifid Special(Premium Section)

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CALL: BUY GOLD ABOVE 31585 TARGETS 31685/31900 SL 31485.

Page 9: Indian Commodity Market Trading Tips

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