- Gold prices rose sharply due to dollar weakness and expectations of increased Chinese New Year demand. - Iraq's oil minister said Iraq needs $4 billion for new investments to expand its oil refining capacity by 2022 and boost crude production to 7 million barrels per day. - The document provides analysis and forecasts for various commodities, currencies, and includes recommendations for trading opportunities.

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Daily Market Reflection
14th
February 2018
Gold prices rose sharply on dollar weakness and investor expectations for
uptick in gold demand ahead of the Chinese New Year. The dollar
struggled to add to gains following its biggest weekly gain in nearly a year,
prompting a sharp rise in gold prices ahead of the start of the Chinese New
Year which usually ushers in gift buying in the form of gold jewellery,
underpinning demand for the precious metal.
Iraq needs $4 billion for new investments in its downstream oil industry,
Iraqi Oil Minister Jabar al-Luaibi said on Tuesday, outlining plans to
expand its refining capacity over the next several years.
Speaking at a conference on reconstruction of the war-torn country, he
also said Iraq planned to boost its crude oil production capacity to 7
million barrels per day by 2022, from 5 million bpd at present.
Commodity Market Outlook
Fundamental News
Event Calendar (13th February 2018)
Time Currency Event Forecast Previous
18:30PM USD
FOMC Member Mester
Speaks
19:25PM USD Redbook(MoM) 0.0%
13:25PM USD Redbook(YoY) 3.0%
22:00PM USD 4-Week Bill Auction 1.480%
COMEX
Commodities
Date Date
% Chg
12-02-18 13-02-18
GOLD 1325.85 1328.75 +0.22%
SILVER 16.60 16.62 +0.12%
CRUDE 59.60 59.24 -0.60%
COPPER 3.0963 3.1257 +0.95%
Global Commodities & Currencies
Commodities/
Currencies
Close
5 PM
Previous % Chg
LEAD 2525.75 2516.75 +0.36%
ALUMINIUM 2131.75 2132.00 -0.01%
ZINC 3450.00 3388.00 +1.83%
NATURALGAS 2.601 2.627 -0.99%
PALLADIUM 981.75 990.01 -0.83%
PLATINUM 972.38 974.40 -0.21%
GBPUSD 1.3839 1.3907 -0.49%
EURUSD 1.2292 1.2344 -0.42%
USDJPY 108.66 107.64 +0.95%
EURJPY 133.56 132.88 +0.51%
GBPJPY 150.36 149.71 +0.43%
GBPCHF 1.2997 1.2982 +0.12%
USDCHF 0.9394 0.9335 +0.63%
USDCAD 1.2580 1.2580 0.00%
EURGBP 0.8883 0.8875 +0.09%
CHFJPY 115.68 115.30 +0.33%
EURCHF 1.1544 1.1524 +0.17%
AUDUSD 0.7861 0.7865 -0.05%
EURAUD 1.5635 1.5695 -0.38%
GBPAUD 1.7603 1.7682 -0.45%
COMEX GOLD
 Gold prices up sharply as dollar struggles
 Iraq oil minister says $4 billion needed for new downstream oil
investments
 Dollar remains broadly lower Vs. other majors
 EURUSD –Euro gains ground as US stock markets post gains
OUR PREVIOUS CALLS UPDATE
Intraday super star
Date Currency Entry Exit P/L
12/02 USDCAD(L) 1.2595 1.2635 TARGET
Trifid special
Date Commodity Entry Exit P/L
12/02 CRUDE(S) 59.30 59.60 SL HIT
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COMEX Overview
GOLD
Gold prices are slightly moving upside as dollar is in bearish
mood today, gold is facing 1331 level as resistance and
presence of trend line which is also acting as resistance at
same level. We have to see the bearish continuation in
dollar to break this resistance will be results as more bullish.
R1 R2 S1 S2
1331 1335 1326 1320
SILVER
Silver prices are moving almost sideways today in line but
currently it is showing some bearish pressure near the 16.62
level. Here it can create some correction in price if dollar
successfully sustain at current level. It can bring some
correction to 16.49.
R1 R2 S1 S2
16.62 16.77 16.49 16.36
CRUDE
Crude oil is ranging today, it is taking support of 58.89 level
.there is chances that it can range in same manner and then it
may continue down ward movement to 58.04 level if it
successfully breaks the 58.89 levels
COPPER
Copper prices are moving upwards as it is in strength to
climb upper levels it will go more upside to 3.1557 level in
coming hours. Copper may face its important resistance of
3.1732 level which is good level for continuing its
bullishness for coming days if it successfully climb it.
R1 R2 S1 S2
60.03 60.84 58.89 58.04
R1 R2 S1 S2
3.0125 3.0450 2.9625 2.9285

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Currencies Overview
GBPUSD
GBPUSD is currently going to 1.3933 level as it is in bullish
mood today but 1.3933 is a resistance level which will
resistant the price to go above it. So, we have to see behavior
of prices near this level if it successfully achieved it then it
can move more upside. .
R1 R2 S1 S2
1.3933 1.3987 1.3878 1.3839
EURUSD
EURUSD has broken the 1.2304 level and it is moving more
upside and chasing 1.2348 level. It is important to go above
1.2348 level to go 1.2377 level for continuation.
R1 R2 S1 S2
1.2377 1.2416 1.2348 1.2322
USDJPY
USDJPY has broken the 108.31 level and fallen to the 107.60
level. Currently it is taking currently support from 107.60
levels. There is still bearish pressure in this pair .it can go to
the next support level of 107.24 level.
USDCHF
USDCHF has broken 0.9366 level and it is in strong bearish
mood and can go more downside.0.9306 is next support
which is of a moderate in type. If it breaks then it may go
down to 0.9288 levels
R1 R2 S1 S2
107.60 107.97 107.24 106.98
R1 R2 S1 S2
0.9366 0.9404 0.9306 0.9288

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Intraday Super Star
(Premium Section)
USDCHF is showing more probability that it can plunge from current level.
SELL USDCHF BELOW 0.9320 TARGET 0.9300/0.9280 SL BELOW 0.9350.

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Trifid Special
(Premium Section)
Copper is showing positive strength to test the upper levels. So, be at bullish side.
BUY COPPER ABOVE 3.1400 TARGET 3.1430/3.1460 SL BELOW 3.1370.

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