Daily Market Reflection 22nd June 2016 Market Outlook
For
In the morning session gold and silver trading in negative zone and continue in the evening session. In coming session bearishness can be seen in bullions as correction on lower side. Crude oil showed correction on higher side and buy on dips would be preferable. Base metals were strong and coming session more bullishness may be seen, buy on dips would be profitable strategy in base metals.
Gold was down for a second session on Tuesday as Asian shares Fundamental Factors extended a rally on growing expectations that Britain would opt to remain in the European Union in a referendum later this week. Oil prices fell on Tuesday, as investors weighed continued uncertainty ahead of the U.K.’s referendum this week and focused on the persistent overhang of crude. Base metals other than aluminium were tracking lower on the LME on Tuesday morning – the previous day’s increases proved shortlived and sentiment has turned more risk-off. Important Data Currency
Event
6:00pm
CAD
Core Retail Sales m/m
6:00pm
CAD
Retail Sales m/m
6:30pm 7:30pm
USD
8:00pm
Forecast Previous
-0.3% -1.0% 0.6%
USD
HPI m/m Fed Chair Yellen Testifies
USD
Existing Home Sales
5.53M
USD
Crude Oil Inventories
7:30pm
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COMDEX
Market Updates
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Time
our
0.7%
MCX
Date 20-06-16 30695 41795 3375
GOLD SILVER CRUDE
Date 21-06-16 30296 41355 3353
% Chg -1.30% -1.05% -0.65%
COPPER ALUMINIUM LEAD NICKEL ZINC NATURALGAS COMEX
312.65 317.65 +1.60% 109.90 110.30 +0.36% 116.60 116.10 -0.43% 623.70 620.30 -0.55% 136.05 137.45 +1.03% 185.80 187.10 +0.70% Date Date % Chg 20-06-16 21-06-16 GOLD 1292.10 1272.65 -1.51% SILVER 17.514 17.315 -1.14% CRUDE 49.96 49.27 -1.38% COPPER 2.093 2.117 +1.15% USDINR 67.3975 67.5775 +0.27% $ INDEX 93.68 94.02 +0.36% OUR PREVIOUS CALLS UPDATE Intraday super star Date
Commodity
Entry
Exit
P/L
21/06
LEAD
116.90
116
-4500
Date Commodity 21/06 ALUMINIUM Trifid special
Entry 110
Exit -
P/L -
Date 21/06
Entry 7000
Exit 7100
P/L 10000
Multibagger
5.45M
-0.9M
Commodity DHANIYA
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