Daily Market Reflection 31th May 2016
For our BIG PROFIT calls and LATEST Report
Market Outlook
SUBSCRIBE to premium reports, click here.
Gold and silver showed bearish movement as US holiday so market moves in a range and in coming session selling can be continued. Gold is very bearish and selling gold would be a profitable strategy. Crude also showed bullish movement. In coming session buying in crude can be profitable strategy in near term. Base metals showed sideways movement as LME holiday and in near term selling would be profitable.
Fundamental News Fundamental Factors Gold prices fell Monday, moving in the opposite direction of the U.S. dollar, which soared after comments by Federal Reserve Chairwoman Janet Yellen last week indicated an interest-rate hike could come this summer. Crude oil prices continue to battle to remain above the $50 price level but find the resistance hard to breach. Traders remain focused on Thursday’s Producers Meeting.
COMDEX
Market Updates MCX GOLD SILVER CRUDE COPPER ALUMINIUM LEAD NICKEL ZINC NATURALGAS COMEX
Important Data Time
Currency
Event
Forecast
Previous
1:30pm
EUR
M3 Money Supply y/y
5.0%
5.0%
2:30pm
EUR
CPI Flash Estimate y/y
-0.1%
-0.2%
GOLD SILVER CRUDE COPPER USDINR $ INDEX
Date 27-05-16 28603 38866 3310 314.30 103.65 113.60 562.10 127.70 147 Date 27-05-16 1216.70 16.269 49.33 2.114 67.3650 95.73
Date 30-05-16 28603 38577 3386 312.50 103.55 113.55 559 127.75 145.90 Date 30-05-16 1207.50 16.005 49.62 2.095 67.5450 95.72
% Chg 0.00% -0.74% +2.30% -0.57% -0.10% -0.04% -0.55% +0.04% 0.75% % Chg -0.76% -1.62% +0.59% -0.90% +0.27% -0.01%
OUR PREVIOUS CALLS UPDATE Intraday super star
2:30pm
EUR
6:00pm
USD
6:00pm
USD
7:15pm
USD
Core CPI Flash Estimate y/y
0.8%
0.7%
Commodity
Entry
Exit
P/L
26/05
CRUDE
3350
3290
-6000
Date Commodity 26/05 COPPER Trifid special
Entry 316
Exit 313
P/L -3000
Date
Commodity
Entry
Exit
P/L
26/05
DHANIYA
6750
6825
-7500
Multibagger
Core PCE Price Index m/m
0.2%
0.1%
Personal Spending m/m
0.6%
0.1%
Chicago PMI
Date
50.8
50.4
For our next calls click here……..
www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410
Gold and Silver GOLD
COMEX GOLD
PIVOTS S1 MCX 28400 COMEX 1195
S2 28200 1190
R1 28665 1215
R2 28900 1230
Gold today continue on lower note and broke its important support of 28500 and showed sideways trend. Sustaining below 28400 again drag it upto the support level of 28300. On higher side if some correction happens then 28900 will act as strong resistance level.
SILVER
COMEX SILVER
PIVOTS
S1
S2
R1
R2
SILVER over all showed sideways trend as gap down
MCX COMEX
38250 16.00
37700 15.80
38750 16.35
39250 16.55
opening drag it towards the support level od 38300. Now bearishness may again drag it upto the support level of 37900. On the other hand 39000 will act as major resistance level above only some correction may be seen.
www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410
Crude and Copper CRUDE
COMEX CRUDE
MCX Crude opened on higher note and showed bullish PIVOTS
S1
S2
R1
R2
MCX
3350
3400
3280
3240
COMEX
48.60
48.00
49.90
50.50
COPPER
movement. Now bullishness may bounce it towards the resistance level of 3400. And on lower side 3270 will act as important support level. COMEX COPPER
PIVOTS
S1
S2
R1
R2
Copper showed sideways movement as LME holiday. Now
MCX
312
310
315.80
318.05
if it maintain above 316 then 320 will act as next resistance
COMEX
2.1165
2.3500
2.0835
2.0585
level. On other hand 312 will act as important support level.
www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410
Other Commodities PIVOTS COMMODITIES
S1
S2
R1
R2
VOLUME
OI
TREND
ALUMINIUM
103.20
102.20
104.50
105.50
2112
2293
Bearish
LEAD
113
112
114
115
3902
3014
Bullish
NICKEL
552
540
570
580
7898
19253
Bearish
ZINC
127
126
128
129
4933
3730
Bullish
NATURAL GAS
145
142
148
150
21258
6144
Sideways
LME Inventory Commodities
24/05/2016
25/05/2016
26/05/2016
27/05/2016
30/05/2016
ALUMINIUM
-5550
-5375
-4425
-5900
-
COPPER
+2250
-2000
+725
-2225
-
LEAD
+5575
+5575
-275
-25
-
NICKEL
-384
-630
-978
+1848
-
ZINC
-100
-600
-50
-2025
-
www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410
Agri Commodity Updates CHANA Chana showed sideways movement all the day broke its important resistance level of 6100. Now if it maintains above 6120 then 6160 will be next resistance level. And on lower side 6040 will act as major support level.
PIVOTS
DHANIYA
S1
S2
R1
R2
6045
6000
6120
6160
Dhaniya showed sideways trend and formed head and shoulder pattern on 30 min chart. Now on higher side 6925 will act as important resistance level above which it will pull towards the resistance level of 7050 On lower side some bearishness drag towards the support level of 6800.
PIVOTS
S1
S2
R1
R2
6810
6715
6925
7000
GUARSEED Guarseed showed sideways movement all the day and correction on higher side take it towards the resistance level of 3175. Now if it sustains below 3090 then 3025 will be next support level. And on higher side 3185will act as major resistance level.
PIVOTS
S1
S2
R1
R2
3080
3045
3150
3185
www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410
Intraday Super Star (Premium Section)
**** TARGETS ****/**** SL ****. For complete call subscribe our premium reports.
www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410
Multibagger Call (Premium Section)
**** TARGETS ****/**** SL ****. For complete call subscribe our premium reports.
www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410
Trifid Special (Premium Section)
**** TARGETS **** SL ****. For complete call subscribe our premium reports.
www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410
DISCLAIMER Trifid Research respects and values the Right to Policy of each and every individual. We are esteemed by the relationship and by becoming our clients; you have a promise from our side that we shall remain loyal to all our clients and non-clients whose information resides with us. This Privacy Policy of Trifid Research applies to the current clients as well as former clients. Below are the word by word credentials of our Privacy Policy: 1. Your information, whether public or private, will not be sold, rented, exchanged, transferred or given to any company or individual for any reason without your consent. 2. The only use we will be bringing to your information will be for providing the services to you for which you have subscribed to us. 3. Your information given to us represents your identity with us. If any changes are brought in any of the fields of which you have provided us the information, you shall bring it to our notice by either calling us or dropping a mail to us. 4. In addition to the service provided to you, your information (mobile number, E-mail ID etc.) can be brought in use for sending you newsletters, surveys, contest information, or information about any new services of the company which will be for your benefit and while subscribing for our services, you agree that Trifid Research has the right to do so. 5. By subscribing to our services, you consent to our Privacy Policy and Terms of Use. 6. Trifid research does not guarantee or is responsible in any which way, for the trade execution of our recommendations, this is the sole responsibility of the client. 7. Due to the market’s volatile nature, the trader may/ may not get appropriate opportunity to execute the trades at the mentioned prices and Trifid Research hold’s no liability for any profit/ loss incurred whatsoever in this case. 8. It is the responsibility of the client to view the report timely from our Premium member section on our website: www.trifidresearch.com and the same will also be mailed to this registered email id. 9. Trifid research does not hold any liability or responsibility of delay in mail delivery of reports, as this depends on our mail service provider’s network infrastructure. 10. The clients can call us for any query related to buying/selling the securities, based on our recommendations.
www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410