Daily Market Reflection 15th June 2016 Market Outlook
For our BIG PROFIT calls and LATEST Report
Gold and silver showed bullish movement and if Federal Reserve will delay the Interest rate hike on 14th June then market can be bullish and in coming session buying would be profitable but if interest rate will be hiked today then market can be volatile and bearishness can be seen. Crude showed bearishness and could be volatile in coming session because British can exit from Euro zone. Zinc showed bearish movement because its inventory was very positive as compared to last some days. Selling would be profitable in zinc.
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Market Updates
Fundamental News
MCX
Worries remained heightened that a U.K. referendum on European Fundamental Factors Union membership—set for June 23 and expected to be fully tallied on June 24—will result in a British exit from the bloc, and potentially stir uncertainty in the market. Supply-side worries have also increased after a Nigerian militant group on Sunday urged other rebels to join peace negotiations with the government to put an end to the attacks on the nation’s oil installations. Important Data Time
Currency
Event
6:00 pm
CAD
Manufacturing Sales m/m
6:00 pm
USD
PPI m/m
8:00 pm
11:30 pm
USD
11:30 pm
USD USD
FOMC Statement
USD
Forecast Previous
0.7%
-0.9%
0.3%
0.2%
Federal Funds Rate
GOLD SILVER CRUDE COPPER ALUMINIUM LEAD NICKEL ZINC NATURALGAS COMEX GOLD SILVER CRUDE COPPER USDINR $ INDEX
Date 13-06-16 30399 41447 3275 305.70 107.35 115.60 596.30 139.40 174.40 Date 13-06-16 1285.50 17.435 48.40 2.056 67.160 94.42
Date 14-06-16 30558 41519 3257 304.85 107.80 113.75 597.40 135.40 175.40 Date 14-06-16 1286.20 17.390 48.37 2.041 67.353 94.93
% Chg +0.52% +0.17% -0.55% -0.28% +0.42% -1.60% +0.18% -2.87% +0.57% % Chg -0.05% -0.30% -1.04% -0.61% +0.25% +0.54%
OUR PREVIOUS CALLS UPDATE Intraday super star
Crude Oil Inventories FOMC Economic Projections
11:30 pm
COMDEX
-3.2M
Date
Commodity
Entry
Exit
P/L
14/06
CHANA
-
-
-
Date Commodity 14/06 CRUDE Trifid special
Entry 3260
Exit 3235
P/L 2500
Date 14/06
Entry -
Exit -
P/L -
Multibagger
<0.50%
<0.50%
Commodity ZINC
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Gold and Silver GOLD
COMEX GOLD
PIVOTS S1 MCX 30400 COMEX 1275
S2 30250 1268
R1 30600 1290
R2 30750 1300
Gold showed strong bullish movement and found the important resistance around 30581 and made a recent new high. Now if it broke 30600 resistance levels than 30800 will act as next resistance level. On the other hand 30250 will be major support level.
SILVER
COMEX SILVER
PIVOTS
S1
S2
R1
R2
Silver showed sideways to bullish movement. Now if it
MCX COMEX
41000 17.25
40500 17.00
41500 17.50
42000 17.80
broke the important resistance level of 41700 then 42000 act as next resistance level. On lower side 40700 will act as important support level.
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Crude and Copper CRUDE
COMEX CRUDE
Crude oil showed bullish movement after found the PIVOTS
S1
S2
R1
R2
MCX
3235
3200
3275
3310
COMEX
48.00
47.50
48.70
49.20
COPPER
support of 3230. Now if it showed bearish movement and sustain below 3230 then 3200 will be next support level. On the higher side important resistance is 3310. COMEX COPPER
PIVOTS
S1
S2
R1
R2
Copper showed sideways movement and trade in the range
MCX
303
300
307
310
of 307-303. Sustain below 303 then next support level will
COMEX
2.0210
2.0075
2.0390
2.0560
be seen at 300. If some correction happens on higher side then it pull towards resistance level of 310.
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Other Commodities PIVOT S COMMODITIES S1
S2
R1
R2
VOLUME
OI
TREND
ALUMINIUM
107.20
106
108.50
110
9374
3375
Bullish
LEAD
113.30
112
114.50
116
12922
4397
Bearish
NICKEL
590
575
610
625
19087
18331
Bearish
ZINC
135
133.50
136
137.50
27824
7393
Bearish
NATURAL GAS
172
168
179
183
56984
8736
Bearish
LME INVENTORY dasdasdinkjjlfcnlad COMMODITIES 8/06/2016 iInventory
9/06/2016
10/06/2016
13/06/2016
14/06/2016
ALUMINIUM
-6650
-6700
-7400
-5375
-7025
COPPER
+11075
+5950
-2550
-3050
-4350
LEAD
-25
-768
-25
-930
-25
NICKEL
-984
+550
-84
-84
-3072
ZINC
+3075
-1250
-500
-325
+4000
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Agri Commodity Updates SOYABEAN Soyabean showed bearish movement all the day and found the support of 3900. Now if it maintain below 3900 then 3870 will be next support level. And on higher side 3965 will be act as major resistance level.
PIVOTS
S1
S2
R1
R2
3900
3870
3945
3975
TURMERIC Turmeric showed sideways to negative trend and found the support of 7925. Now on lower side7925 will act as important support level below which it will drag towards the support level of 7850. On higher side some correction pulls it towards the resistance level of 8070.
PIVOTS
S1
S2
R1
R2
7920
7850
8015
8090
MENTHAOIL Menthaoil showed correction on higher side and found the resistance of 842. Now on lower side 835 will act as important support level below which it will drag towards the support level of 830. On higher side some correction pulls it towards the resistance level of 845.
PIVOTS
S1
S2
R1
R2
835
830
842
847
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