19-23 Nov.2018 COMMODITY WEEKLY REPORT Nov.2018

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1 COMMODITY REPORT Trade House 426 Alok Nagar, Kanadia Main Road Near Bangali Square Indore (M.P.) India Mobile :

2 COMMODITIES PREVIOUS WEEKS MOVEMENT(12-16 Nov ) MCX WEEK HIGH WEEK LOW VALUE CHANGED % CHANGED GOLD (DEC.) % SILVER (DEC.) % CRUDE OIL (NOV.) % NATURAL GAS (NOV.) % COPPER ( NOV.) % NICKEL (NOV.) % LEAD (NOV.) % ZINC (NOV.) % ALUMINIUM (NOV.) %

3 GOLD (DEC.) R BUY GOLD ON DIPS TGT 30950,31150 SL BELOW GOLD SELL ON RISE TGT 31100,30900 SL ABOVE OPEN R Pivot S HIGH LOW CLOSE CHANGE 720 S % CHANGE 2.27% FUNDAMENTAL VIEW:- Precious metal Posts Best Weekly Gain in Five on Brexit Precious metal bears have hoped to send gold sharply below $1,200, a support in place since September, to exploit further weakness in the $1,100 levels. But the brexit crisis she's in has thrown gold bulls a lifeline, Theresa May could be fighting for her political survival. Firstly resigned to losing the market's $1,200 support level as the week began, fans of the yellow metal not only got to stay in their comfort zone but also saw their best weekly gain in five as hedgers rushed to the relative safely of bullion after the pounding taken by sterling from Britan's EU-exit woes. On COMEX Among other precious metals on COMEX, silver rose 3.1% to $14.38 per ounce TECHNICAL VIEW:- MCX Gold last week was quite volatile and close around its bearish resistance line i.e levels. For upcoming week if price breaks then it will continue with bullish trend and it may test next important resistance level of On lower side it has major support level of that is its bullish support line and if price sustains below this level then it takes some correction from higher to lower side up to next support level i.e and after that will act as a next crucial support level.

4 SILVER (DEC.) R BUY SILVER ABOVE TGT 37400,38200 SL BELOW SILVER SELL ON RISE TGT 37200,36400 SL ABOVE OPEN R Pivot S S HIGH LOW CLOSE CHANGE 1667 % CHANGE 4.32% FUNDAMENTAL VIEW:- Silver Prices Pressured Market Melts Down Bearish outside market forces are working against the precious metals markets today, as the crude oil market is careening lower and the U.S. dollar index is not far below last week s 16-month high. Gold prices hit a four-week low overnight, while silver dropped to a six-week low. December gold futures were last down $11.70 an ounce at $1, December Comex silver was last down $0.193 at $ an ounce. TECHNICAL VIEW:- MCX Silver last week showed sideways to bearish movement but unable to close below its major support level i.e and took reverse movement. For upcoming session it can take quick recovery from lower to higher levels and price may test next strong resistance of and above this will be next resistance as well as trend may also change. On lower side it has immediate support of its lower key line i.e and after that next support will be

5 CRUDE OIL (DEC.) R BUY CRUDE OIL ON DIPS 4090 TGT 4190,4290 SL BELOW 3950 CRUDE OIL SELL ON RISE 4250 TGT 4150,4050 SL ABOVE 4380 OPEN 4606 R Pivot S S HIGH 4684 LOW 4297 CLOSE 4362 CHANGE 244 % CHANGE 5.30% FUNDAMENTAL VIEW:- Crude Oil Down 6% on the Week as Bears Resume Faceoff with Saudis Crude Oil bears are back to taunting Saudi Arabia by pressuring the market again, just two days after giving a reprieve to the record self off in crude. Brent crude futures and West Texas Intermediate settled steady to slightly higher on Friday after rallying more than 2% earlier in the day on fears that the oil-rich kingdom and the OPEC cartel it leads could cut supplies substantially at a December 6-7 meeting. Friday's rebound didn't help crude's weekly loss of 6%, making it the sixth-straight week in the red. Prices turned volatile before returning to positive territory just before the close, But after the morning highs in New York trade. TECHNICAL VIEW:- MCX Crude oil last week showed sideways to downward trend and close around its major support level of For upcoming period if price breaks and sustains below 4100 then we will continue to suggest bearish trend towards next initial support of On upward side it has immediate resistance level of 4200 and if price maintains above this level then it can take quick recovery from lower level up to next resistance level of 4300 and above this level 4300 will be next important resistance level

6 COPPER (NOV.) R BUY COPPER ON DIPS 437 TGT 447,457 SL BELOW 422 COPPER SELL ON RISE 452 TGT 442,432 SL ABOVE 467 OPEN 450 R Pivot S HIGH 452 LOW CLOSE CHANGE 18.9 S % CHANGE 4.20% FUNDAMENTAL VIEW:- Copper stabilizes On Friday November 16 Base metals futures on the London Metal Exchange rebounded at the close of trading on Friday November 16, led by a strong performance in the three-month lead price while a marked downturn in the US dollar index prompted follow-up buying. While strong demand from the lead-acid battery sector continues to support upward price action. Data from the International Lead & Zinc Study Group projects the lead market will record a 123,000-tonne deficit in 2018 and a further 17,000-tonne shortfall in 2019 TECHNICAL VIEW:- MCX Copper last week showed quite bullish movement and able to close around its bearish resistance line i.e. 445 levels. For upcoming trading session if price maintains above 445 then price may goes upside up to next resistance of 455 and trend may also change. On down side it has immediate support of 435 and below this level it will take sharp correction from higher levels towards next support level of 425 and after that 415 will act as a next important support level

7 STATUS OF OUR LAST WEEK RECOMMENDATIONS ( NOV.2018) RECOMMENDATIONS PROFIT/LOSS STATUS BUY GOLD ON DIPS TGT 31200,31450 SL BELOW ST TGT ALMOST HIT, MADE A HIGH OF GOLD SELL ON RISE TGT 31250,31000 SL ABOVE NOT EXEUTED BUY SILVER ABOVE TGT 37400,38200 SL BELOW CLOSED@36990 SILVER SELL ON RISE TGT 37200,36400 SL ABOVE NOT EXEUTED BUY CRUDE OIL ON DIPS 4350 TGT 4450,4550 SL BELOW NOT EXEUTED CRUDE OIL SELL ON RISE 4600 TGT 4500,4400 SL ABOVE NOT EXEUTED BUY COPPER ON DIPS 418T TGT 428,438 SL BELOW NOT EXEUTED COPPER SELL ON RISE 442 TGT 432,422 SL ABOVE CLOSED@ TOTAL P&L

8 ECONOMIC CALENDER ime Cur. Event Actual Forecast Previous Monday, November 19, :30 USD Investing.com Gold Index 54.10% 58.50% 10:45 USD FOMC Member Williams Speaks Tuesday, November 20, :30 USD Building Permits (MoM) (Oct) -0.80% 1.70% 8:30 USD Housing Starts (Oct) 1.225M 1.201M 8:30 USD Housing Starts (MoM) (Oct) 1.60% -5.30% 16:30 USD API Weekly Crude Oil Stock 8.790M Wednesday, November 21, :30 USD Durable Goods Orders (MoM) (Oct) -2.50% 0.70% 8:30 USD Initial Jobless Claims 215K 216K 10:00 USD Existing Home Sales (MoM) (Oct) 1.00% -3.40% 10:00 USD Michigan Consumer Expectations (Nov) :30 USD Crude Oil Inventories 3.182M M Thursday, November 22, 2018 All Day United States - Thanksgiving Day Friday, November 23, :45 USD Manufacturing PMI (Nov) :45 USD Markit Composite PMI (Nov) :45 USD Services PMI (Nov) :00 USD U.S. Baker Hughes Oil Rig Count 888 1:30 USD FOMC Member Kashkari Speaks 19:45 USD Industrial Production (MoM) (Oct) 0.20% 0.30%

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