Geofin Comtrade Ltd.
805 Dev Plaza,
Opp Irla Fire Brigade,
S V Road, Andheri-West.
Mumbai
17 May 2016
Geofin Comtrade
Reseach Desk,
Mumbai
DAILY TRADING STRATEGIES
For Non-Agri Commodities
Phone: 91 022 61312127
Email: commodities@geofin.co.in
BUY ALUMINI
DISCLAIMER
This report is STRICTLY for Private Circulation, intended for authorized recipients only and should not be copied,
reproduced or redistributed to any other person/entities in any form without prior permission from Geofin Comtrade
Ltd.
Trading/investing in Commodity Derivatives involves considerable risk and may not be suitable for all types of
investors and/or traders. The investor and/or trader may have the risk of losing part or all or even in excess of the
initial investment. The views, anticipated moves and strategies, i.e., BUY/SELL posted in the report are purely based
on technical analysis and recommended for intraday trading. Fundamental factors, sudden currency volatility and
other data/news events that have a bearing on price movements were not considered while preparing this report.
This report is intended for information purpose only and should not be constructed as an investment advice. The
views/strategies expressed in this report are current views/strategies and subject to change from time to time
without prior notice. The user should not solely rely on this report to take investment decision and should seek
professional assistance before acting based on this report. Past performance may not necessarily be repeated in the
future and in any way should not be considered as an indication or guarantee of future performance. The authors,
directors and/or employees of Geofin Comtrade Ltd cannot be held responsible in any way for the loss/damage in any
form arising to the user of this report.
GEOFIN RESEARCH DESK | www.geofin.co.in
DAILY TRADING CALLS
May 17, 2016
SPOT GOLD
EXPECTED TRADING RANGE
FAVOURED VIEW
$1230-1323
Range Bound
1348/1392
1307/1323
1281/1298
RESISTANCES
SUPPORTS
1256/1238
1227/1220
1200/1172/1128
Dips to 1220 TGT
1300 SL 1182
STRONG
BUY
Inability to break
1308 TGT 1260 SL
1323
STRONG
SELL
BUY
SELL
Above 1307 TGT
1323 SL Below 1292
Below 1264 TGT
1256/1238 SL above
1285
SPOT SILVER
EXPECTED TRADING RANGE
FAVOURED VIEW
$18-16.50
Range bound with positive
19.30/22
18/18.60
17.45/17.75
RESISTANCES
SUPPORTS
16.80/16.35
16/15.60
15.25/14
STRONG
BUY
Dips to 16.30 TGT
17.70 SL below
15.80
STRONG
SELL
Below 15.80 TGT
14.20 SL above
16.20
BUY
Above 18 TGT 18.60 SL
17.70/ Dips to 16.80, TGT
17.25 SL below 16.50
SELL
Inability to break 18 SL
above 18.60/Below
16.65 TGT 16.20 SL
above 17.20
CRUDE OIL, NYMEX
EXPECTED TRADING RANGE
FAVOURED VIEW
$41.50-52
Positive
52/58
49.60/51
48.60
STRONG
BUY
Dips to 42.50 TGT 47
SL below 38
BUY
Dips to 47 TGT 50 SL
below 45/Dips to 43
SL below 41 TGT 46
SELL
Below 46 TGT 44 SL
above 47/Inability to
break 50 TGT 47 SL 52
RESISTANCES
SUPPORTS
47/45.50/43.80
37.50/35.20
34.50/32
STRONG
SELL
Below 41.50 TGT 38
SL above 43
GEOFIN RESEARCH DESK | www.geofin.co.in
DAILY TRADING CALLS
May 17, 2016
GOLD MCX JUN
EXPECTED TRADING RANGE
FAVOURED VIEW
30540-29700
Range bound
Above 30500
30680/30840
30420/30540
30150/30280
STRONG
BUY
RESISTANCES
SUPPORTS
29870/29750
29600/470/260
29150/28975
BUY
Below 29500
STRONG
SELL
SELL
if 29900-830 hold
downside, TGT
30100/30240, SL
30780
Below 29760, TGT
29620-570, SL 29870
SILVER MCX JUL
EXPECTED TRADING RANGE
FAVOURED VIEW
42000-40000
Mild positive
43650/44000
Above 42000
42400/42900
41500/41850
RESISTANCES
SUPPORTS
STRONG
BUY
BUY
Below 39500
41030/40700
40400/40100
39700/39450
STRONG
SELL
SELL
Near 41200-050,
TGT 41450/850, SL
40700
Inability to break
42000, TGT
41400/40800, SL
42250 or belwo 40700
CRUDE OIL MCX MAY
EXPECTED TRADING RANGE
FAVOURED VIEW
3260-2900
Positive but may take a dip before rising
3375/3430
3305/3345
3220/3260
RESISTANCES
SUPPORTS
3185/3145
3100/3064
3015/2935-2900
STRONG
BUY
If 2900 holds
downside, TGT
2970/3045, SL 2820
BUY
Below 2800
STRONG
SELL
GEOFIN RESEARCH DESK | www.geofin.co.in
SELL
On dips to 3195-84,
TGT 3260, SL 3145
or above 3268
Below 3135, TGT
3100/3070, SL 3170
DAILY TRADING CALLS
May 17, 2016
NATURAL GAS MCX MAY
EXPECTED TRADING RANGE
FAVOURED VIEW
147-128
Weak
147.5/149.5
141.5/145
138.5-139.5
BUY
Above 142.5, TGT
145-146.5, SL below
140.5
SELL
On Pullbacks to 138139, TGT 136/134,
SL 141
Above 147
STRONG
BUY
RESISTANCES
SUPPORTS
135/132.5
128/126
123.5/120.5
Below 136, TGT
133/128 SL 139.5
STRONG
SELL
COPPER MCX MAY
EXPECTED TRADING RANGE
FAVOURED VIEW
326-305
Weak but Range bound
320.5/322.5
316.8/318.5
313.6/314.9
BUY
Above 314, TGT
317.5/319, SL 311.5
SELL
Below 310.5, TGT
308.6/607, SL 312
Above 329
STRONG
BUY
RESISTANCES
SUPPORTS
310.6/308/305.5
301.5/299
296.5/294
Inability to break
above 325-326 or
below 305
STRONG
SELL
NICKEL MCX MAY
EXPECTED TRADING RANGE
FAVOURED VIEW
625-540
Weak but range bound
619/625
599/607
586/591
Above 610
STRONG
BUY
BUY
If 575 holds
downside, TGT
582/588, SL 569
SELL
Pullbacks to 586590, TGT 575, SL
598
RESISTANCES
SUPPORTS
577-572
564/554
548/535
STRONG
SELL
GEOFIN RESEARCH DESK | www.geofin.co.in
Below 572, TGT
564/558, SL 582
DAILY TRADING CALLS
May 17, 2016
ZINC MCX MAY
EXPECTED TRADING RANGE
FAVOURED VIEW
131-122
Range bound with mildly positive bias
135/137
131/132.4
126.8/128.6/129.4
Above 131
STRONG
BUY
BUY
Near 126-125.5, TGT
128, SL 124.5
RESISTANCES
SUPPORTS
125.5/123.8
122/120.5
118.4/117.5
Below 122, TGT
120.9/119.5, SL
123.6
STRONG
SELL
SELL
Inability to clear 128128.50, TGT
127/125.5, SL 129.4
or below 125.40
LEAD MCX MAY
EXPECTED TRADING RANGE
FAVOURED VIEW
121-115
Weak but pullbacks likely
122.8/123.6
119.6/120.5
117.5/118.4
Above 121
STRONG
BUY
BUY
Above 118.5, TGT
119.6/120.5, SL
117.2
RESISTANCES
SUPPORTS
115.8/114.9
113.4/112.6
111.8/110.4
STRONG
SELL
Inability to break
above 120.5
SELL
Inability to break
above 117.5, TGT
115.9/115.2, SL
118.5
ALUMINIUM MCX MAY
EXPECTED TRADING RANGE
FAVOURED VIEW
108.5-102
Mildly Positive
108.5/109.3
106.5/107.2
104.6/105.2
RESISTANCES
SUPPORTS
102.4/101.6
100.8/100
99.2/98
Above 108.5
STRONG
BUY
STRONG
SELL
GEOFIN RESEARCH DESK | www.geofin.co.in
BUY
Inability to break
106.8-107.2
Near 103.5-103.2,
TGT 104.6/105.2, SL
102.5
Below 102
SELL