Commodity Tips, MCX Tips and NCDEX Tips performance

Daily Market Reflection 

31th May 2016 

Market Outlook 

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. 

Important Data 

Time Currency Event Forecast Previous 

1:30pm 

2:30pm 

EUR 

EUR 

2:30pm EUR Core CPI Flash 

Estimate y/y 

6:00pm USD Core PCE Price 

Index m/m 

6:00pm 

USD 

M3 Money Supply 

y/y 5.0% 5.0% 

CPI Flash Estimate 

y/y -0.1% -0.2% 

Personal Spending 

m/m 

0.8% 0.7% 

0.2% 0.1% 

0.6% 0.1% 

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COMDEX 

Market Updates 

MCX Date Date % Chg 

27-05-16 30-05-16 

GOLD 28603 28603 0.00% 

SILVER 38866 38577 -0.74% 

CRUDE 3310 3386 +2.30% 

COPPER 314.30 312.50 -0.57% 

ALUMINIUM 103.65 103.55 -0.10% 

LEAD 113.60 113.55 -0.04% 

NICKEL 562.10 559 -0.55% 

ZINC 127.70 127.75 +0.04% 

NATURALGAS 147 145.90 0.75% 

COMEX 

Date Date % Chg 

27-05-16 30-05-16 

GOLD 1216.70 1207.50 -0.76% 

SILVER 16.269 16.005 -1.62% 

CRUDE 49.33 49.62 +0.59% 

COPPER 2.114 2.095 -0.90% 

USDINR 67.3650 67.5450 +0.27% 

$ INDEX 95.73 95.72 -0.01% 

OUR PREVIOUS CALLS UPDATE 

Intraday super star 

Date Commodity Entry Exit P/L 

26/05 CRUDE 3350 3290 -6000 

Multibagger 


26/05 COPPER 316 313 -3000 

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26/05 DHANIYA 6750 6825 -7500 

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Gold and Silver 

GOLD 

COMEX GOLD 

PIVOTS S1 S2 R1 R2 

MCX 28400 28200 28665 28900 

COMEX 1195 1190 1215 1230 

SILVER 

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. 

COMEX SILVER 



COMEX 16.00 15.80 16.35 16.55 

SILVER over all showed sideways trend as gap down 

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. 


Crude and Copper 

CRUDE 

COMEX CRUDE 

MCX Crude opened on higher note and showed bullish 

movement. Now bullishness may bounce it towards the 


resistance level of 3400. And on lower side 3270 will act as 


important support level. 

COMEX 48.60 48.00 49.90 50.50 

COPPER 

COMEX COPPER 


MCX 312 310 315.80 318.05 

COMEX 2.1165 2.3500 2.0835 2.0585 

Copper showed sideways movement as LME holiday. Now 

if it maintain above 316 then 320 will act as next resistance 

level. On other hand 312 will act as important support 

level. 


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 - 


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. 


6045 6000 6120 6160 

DHANIYA 

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. 


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. 


3080 3045 3150 3185 


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Commodity Tips, MCX Tips and NCDEX Tips performance

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