Daily Market Reflection 2th June 2016 For our BIG PROFIT calls and LATEST Report
Market Outlook
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Gold and silver showed bearish movement because US dollar was
COMDEX
weak more pressure on US dollar can drag gold and silver to new lows. In coming session more weakness can be seen in bullions. Selling gold and silver would be a profitable strategy. Natural gas showed bullish movement and in coming session more bullishness can be seen. Buying natural gas would be a profitable strategy. Crude oil was volatile and showed bearish movement and then it reversed and made new high. Crude oil trend is bullish and in coming session more bullishness can be seen. Buying would be profitable strategy. Factors Fundamental News Gold held steady, supported by an easing dollar and weaker Asian stocks on Wednesday, a day after it closed higher for the first time in 10 sessions. Oil prices slid Wednesday as investors adopt a cautious stance ahead of the weekly U.S. crude inventory data and the biannual OPEC meeting, both scheduled for Thursday.
Market Updates MCX GOLD SILVER CRUDE COPPER ALUMINIUM LEAD NICKEL ZINC NATURALGAS COMEX
Important Data Time
Currency
Event
All Day
All
2:00pm
GBP
Construction PMI
USD
ADP Non-Farm Employment Change
5:45pm
Previous
51.9
52.0
OPEC Meetings
6:00pm
USD
Unemployment Claims
8:00pm
USD
Natural Gas Storage
8:30pm
Forecast
USD
Crude Oil Inventories
GOLD SILVER CRUDE COPPER USDINR $ INDEX
Date 31-05-16 28627 38400 3333 312.50 104.50 114.50 571.70 129.50 155 Date 31-05-16 1217.50 15.994 49.10 2.096 67.6000 95.83
Date 1-06-16 28990 38460 3308 310.45 106.05 116.15 574.10 133.05 161.30 Date 1-06-16 1212.45 15.890 48.87 2.072 67.7800 95.46
% Chg +0.19% +0.16% -0.75% -0.66% +1.48% +1.44% +0.42% +2.74% +4.06% % Chg -0.41% -0.65% -0.47% -1.12% +0.27% -0.39%
OUR PREVIOUS CALLS UPDATE Intraday super star
177K
156K
Date
Commodity
Entry
Exit
P/L
31/05
COPPER
313.35
309
4350
Date Commodity 1/06 CRUDE Trifid special
Entry 3310
Exit 3275
P/L 3500
Date 26/05
Entry 6750
Exit 6825
P/L -7500
Multibagger 270K
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-4.2M
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Gold and Silver GOLD
COMEX GOLD
PIVOTS S1 MCX 28830 COMEX 1206
S2 28640 1198
R1 29150 1220
R2 29325 1230
Gold today showed bullish movement in morning session but bearishness showed in evening session after US data. Sustaining below 28800 again drag it upto the support level of 28500. On higher side if some correction happens then 28250 will act as strong resistance level.
SILVER
COMEX SILVER
PIVOTS
S1
S2
R1
R2
SILVER over all showed sideways to negative trend. Now
MCX COMEX
38250 15.90
37700 15.70
38750 16.15
39250 16.35
bearishness may again drag it upto the support level of 38000. On the other hand 39000 will act as major resistance level above only some correction may be seen.
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Crude and Copper CRUDE
COMEX CRUDE
MCX Crude opened on lower note and showed bullish PIVOTS
S1
S2
R1
R2
MCX
3275
3230
3335
3375
COMEX
48.40
47.75
49.55
50.20
COPPER
movement in evening session. Now bullishness may bounce it towards the resistance level of 3375. And on lower side 3220 will act as important support level. COMEX COPPER
PIVOTS
S1
S2
R1
R2
Copper opened on lower note and correct on higher side in
MCX
309.60
307.40
312.70
315.40
evening session. Now if it maintain above 313 then 317 will
COMEX
2.0515
2.0395
2.0755
2.0940
act as next resistance level. On other hand 308 will act as important support level.
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Other Commodities PIVOTS COMMODITIES
S1
S2
R1
R2
VOLUME
OI
TREND
ALUMINIUM
105.50
104.50
106.70
107.70
8228
2383
Bullish
LEAD
115.60
114.60
116.50
117.50
14880
3322
Bullish
NICKEL
564
550
584
600
24383
25983
Bearish
ZINC
132.50
131.50
133.30
134.30
33848
9163
Bullish
NATURAL GAS
160
155
165
170
69179
12875
Bullish
LME Inventory Commodities
25/05/2016
26/05/2016
27/05/2016
31/05/2016
1/06/2016
ALUMINIUM
-5375
-4425
-5900
-4900
-8925
COPPER
-2000
+725
-2225
-2025
+2625
LEAD
+5575
-275
-25
+225
-100
NICKEL
-630
-978
+1848
-978
-258
ZINC
-600
-50
-2025
-2300
-250
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Agri Commodity Updates TURMERIC Turmeric showed sideways to negative movement all the day and closed near to its important support level of 7810. Now if it maintains above 7900 then 8050 will be next resistance level. And on lower side 7800 will act as major support level.
PIVOTS
JEERA
S1
S2
R1
R2
7800
7730
7900
8000
Jeera showed sideways to negative trend. Now on higher side 16400 will act as important resistance level above which it will pull towards the resistance level of 16750. On lower side some bearishness drag towards the support level of 16150.
PIVOTS
S1
S2
R1
R2
16150
16000
16350
16550
GUARSEED Guarseed showed sideways movement all the day and correction on lower side and drag towards the support level of 3083. Now if it sustains below 3080 then 3025 will be next support level. And on higher side 3150will act as major resistance level.
PIVOTS
S1
S2
R1
R2
3080
3045
3150
3185
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