Gold and oil prices fell on Monday as stocks looked to rebound from their worst weekly performance in over two years. The U.S. rig count, an indicator of future oil output, has risen significantly from a year ago as energy companies boost spending, pointing to increasing shale output and concerns about oversupply. Commodity prices were mixed with some metals like lead and zinc rising while others like copper and platinum fell. The document provides analysis and forecasts for various commodities and currencies.

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Daily Market Reflection
27TH
March, 2018
Gold futures slipped Monday from their highest finish in five weeks on Friday
as stocks looked to roar back from their worst weekly performance in more
than two years, tracking the latest developments in touchy China-U.S. trade
relations. Gold futures slipped Monday from their highest finish in five weeks
on Friday as stocks looked to roar back from their worst weekly performance
in more than two years, tracking the latest developments in touchy China-
U.S. trade relations.
Oil prices turned lower on Monday, retreating from their best level in two
months, as rising drilling activity in the United States pointed to further
increases in shale output, underlining concerns about a return of oversupply.
The U.S. rig count, an early indicator of future output, is much higher than a
year ago as energy companies have continued to boost spending since mid-
2016 when crude prices began recovering from a two-year crash.
Commodity Market Outlook
Fundamental News
Event Calendar (27th March 2018)
Time Currency Event Forecast Previous
01:30AM USD
FOMC Member
Mester Speaks
04:40AM USD
FOMC Member
Quarles Speaks
06:15AM AUD
RBA Asst. Gov Kent
Speaks
19:30PM USD Consumer Confidence 131.2 130.8
20:30PM USD
FOMC Member Bostic
Speaks
COMEX
Commodities
Date Date
% Chg
23-03-18 26-03-18
GOLD 1347.76 1348.07 +0.02%
SILVER 16.55 16.60 +0.30%
CRUDE 65.65 65.72 +0.11%
COPPER 2.9545 2.9403 -0.48%
Global Commodities & Currencies
Commodities/
Currencies
Close
5 PM
Previous % Chg
LEAD 2362.25 2351.00 +0.48%
ALUMINIUM 2049.75 2053.50 -0.18%
ZINC 3243.75 3218.00 +0.80%
NATURALGAS 2.602 2.594 +0.31%
PALLADIUM 980.69 977.00 +0.38%
PLATINUM 948.43 950.26 -0.19%
GBPUSD 1.4224 1.4165 +0.42%
EURUSD 1.2411 1.2373 +0.31%
USDJPY 105.11 104.95 +0.15%
EURJPY 130.45 129.85 +0.46%
GBPJPY 149.51 148.66 +0.57%
GBPCHF 1.3457 1.3409 +0.36%
USDCHF 0.9460 0.9466 -0.06%
USDCAD 1.2874 1.2865 +0.07%
EURGBP 0.8726 0.8735 -0.10%
CHFJPY 111.09 110.86 +0.21%
EURCHF 1.1742 1.1712 +0.26%
AUDUSD 0.7741 0.7728 +0.17%
EURAUD 1.6031 1.6010 +0.13%
GBPAUD 1.8375 1.8330 +0.25%
COMEX GOLD
 Gold Prices Fall on Weak Global Cues, muted demand
 Oil Prices Retreat from 2-Month Amid Rising U.S. Output
 UK GDP Slowdown could Drag GBPEUR Rate Down
 GBPUSD: Strong bullish move to test the 1.4250 level
OUR PREVIOUS CALLS UPDATE
Intraday super star
Date Currency Entry Exit P/L
23/03 GBPJPY(S) 147.58 -- UNEXECUTED
Trifid special
Date Commodity Entry Exit P/L
23/03 CRUDE(S) 64.10 -- UNEXECUTED
For our next calls click here……..

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COMEX Overview
GOLD
Gold prices started the week on a positive note moving at
the higher level. It may continue to consolidate at the
higher level but a break above its resistance at $1351 may
take it further up. Any dip in the prices is expected to be
limited and may find support near $1343 level.
R1 R2 S1 S2
1351 1356 1343 1337
SILVER
Silver prices are moving higher in today’s session in line with
the gold prices. It may test the resistance at $16.70 level and
a break above this level may take it higher. At the lower end
it may get support around $16.46 level.
R1 R2 S1 S2
16.70 16.85 16.46 16.35
CRUDE
Crude oil prices went above $66 in today’s session but could
not sustain at that level and came down. It is currently
trading near $65.70 level and may test its immediate support
at $65.10 level. Any upside movement is expected to find
resistance near $66.45 level.
COPPER
Copper prices moved sharply lower in the previous week
and continued to trade at the lower side. It may move
further down if it breaks its immediate support at 2.9280
level while any up move is likely to find resistance near
2.9660 level.
R1 R2 S1 S2
66.45 67.00 65.10 64.45
R1 R2 S1 S2
2.9660 3.0130 2.9280 2.8945

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Currencies Overview
GBPUSD
GBPUSD has bullish pressure today which is driving prices
upside, 1.4228 is current resistance which has chances to
break and move upside. After this level 1.4281 will be next
resistance.
R1 R2 S1 S2
1.4138 1.4158 1.4097 1.4054
EURUSD
EURUSD is also indicating bullishness because it has
achieved the 1.2387 level and it is going to chase 1.2444
levels if it successfully achieves this level then it will move to
1.2492 level to chase as its new resistance.
R1 R2 S1 S2
1.2412 1.2444 1.2387 1.2377
USDJPY
USDJPY is currently ranging just above the 105.07 level. It
seems like it may continue to range in next coming hours,
but slightly it may move further because at 4 hourly chart it
is showing some positive divergence and it is possibility that
it may touch 105.50 level once again.
USDCHF
USDCHF showing that it may range in coming hours
because it has been get stuck in a descending triangle
pattern, which’s breakout will show the next move but it is
possible that 0.9447 level to plunge.
R1 R2 S1 S2
105.26 105. 50 105.07 104.79
R1 R2 S1 S2
0.9496 0.9511 0.9447 0.9404

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Intraday Super Star
(Premium Section)
GBPUSD is showing that it may gain upper levels with the help of bullishness. So, better to buy this pair.
BUY GBPUSD ABOVE 1.4236 TARGET 1.4251/1.4266/1.4281 SL BELOW 1.4221.

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Trifid Special
(Premium Section)
Gold prices are strongly bullish and if it breaks its resistance at $1351 level then it may move further up.
BUY GOLD ABOVE 1351 TARGET 1356 SL BELOW 1346

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