04-08 June 2018 COMMODITY WEEKLY REPORT. 16thAPR-20th APR

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1 COMMODITY REPORT June 2018 Trade House 426 Alok Nagar, Kanadia Main Road Near Bangali Square Indore (M.P.) India Mobile :

2 COMMODITIES PREVIOUS WEEKS MCX WEEK HIGH WEEK LOW VALUE CHANGED % CHANGED GOLD (AUG.) % SILVER (JULY) % CRUDE OIL (JUNE) % NATURAL GAS (JUNE) % COPPER ( FUNE) % NICKEL (JUNE) % LEAD (JUNE) % ZINC (JUNE) % ALUMINIUM (JUNE) %

3 GOLD (AUG.) R GOLD (AUG.) LEVEL TGT-1 TGT-2 STOP LOSS BUY ON DIPS SELL ON RISE OPEN R HIGH Pivot S LOW CLOSE CHANGE 521 S % CHANGE 1.66% FUNDAMENTAL VIEW:- Precious metal Prices Drop Below $1,300 as Upbeat Jobs Report Paves Way for June Hike:- The Federal Reserve would hike rates at its meeting later this month, lessening demand for the Gold prices fell below $1,300 as an upbeat jobs report cemented investor expectations. According to a report released Wednesday by ADP and Moody's Analytics. That beat economists forecast of 189,000, Private payrolls grew by 223,000 for the May, a sharp uptick from the 163,000 in April. Average hourly earnings grew 0.3% in May, topping expectations for 0.2% rise; the jobless rate fell to 3.8%, beating economists forecasts for unchanged reading of 3.9%.. TECHNICAL VIEW:- MCX Gold last week showed sideways to bearish movement and closed around its major support level of For upcoming trading session if it breaches then it will goes down and take some correction towards next support level of On higher level it has strong resistance level of and if price maintains above this level then further movement will be bullish up to next major resistance level i.e

4 SILVER (JULY) R SILVER(MAY) LEVEL TGT-1 TGT-2 STOP LOSS BUY ON DIPS SELL ON RISE R Pivot S S % 1.70% FUNDAMENTAL VIEW:- Silver trade lower in morning deals :-Silver were trading in the red on Friday. According to a report released Wednesday by ADP and Moody's Analytics. That beat economists forecast of 189,000, Private payrolls grew by 223,000 for the May, a sharp uptick from the 163,000 in April. Average hourly earnings grew 0.3% in May, topping expectations for 0.2% rise; the jobless rate fell to 3.8%, beating economists forecasts for unchanged reading of 3.9%.. TECHNICAL VIEW:- MCX Silver last week showed sideways to downward side movement and able to close near its major support level of For upcoming session if price breaks and sustains below then it will continue with bearish trend and price slides towards next crucial support level of its lower channel pattern i.e levels. On upward side it has major resistance level of and it will push the price to start recovery up to next resistance of its upper channel pattern of

5 CRUDE (JUNE) R CRUDE (APR. LEVEL TGT-1 TGT-2 STOP LOSS BUY ON DIPS SELL ON RISE R Pivot S S % 5.59% FUNDAMENTAL VIEW:- Oil Prices Settle Lower as Rising Rig Counts Signal Output Expansion:- Posting their second straight weekly loss amid signs of ongoing U.S. expansion and uncertainty over whether OPEC would ease production limits, oil prices settled sharply lower on Friday. According to data from energy services firm Baker Hughes, pointing to signs of an expansion in U.S. output, the number of oil rigs operating in the US increased by 2 to 861, its highest level since March 13, Crude Oil prices were on the back foot for most of the week but rallied on Wednesday amid a report OPEC and its allies would stick with production cuts. TECHNICAL VIEW:- MCX Crude oil last week showed sideways to bearish movement and broke its lower trend line and key support of 4460 and also closes below this level. For upcoming weak it indicates more selling pressure up to next major support level of 4300 and continues with down trend. On higher side it has important resistance level of 4550 and if it maintains above this level then it may take quite recovery from lower to upper level up to next resistance level i.e levels.

6 COPPER (JUNE) R COPPER (APR) LEVEL TGT-1 TGT-2 STOP LOSS BUY ON DIPS SELL ON RISE OPEN 461 R Pivot S S HIGH LOW CLOSE CHANGE 2.1 % CHANGE 0.46% FUNDAMENTAL VIEW:- COPPER futures are trading higher shortly before the regular session opening. The market is trading inside yesterday s range which suggests investor indecision and impending volatility. Traders are likely confused about how to play the market ahead of today s U.S. Non-Farm Payrolls report and after President Trump announced he may be considering another $100 billion in tariffs against China. TECHNICAL VIEW:-MCX Copper last week showed sideways movement and close around its lower trend line support i.e. 450 levels. For upcoming weak if it breaks and sustains below 450 then it may give bearish movement and price slides towards next major support level of 440. On upward side it has important resistance of 470 and if price maintains above this level then after that 480 will act as a next major resistance level and it can take some recovery from lower level and it may continue with bullish trend.

7 NATURAL GAS (JUNE) R N.GAS(APR.) LEVEL TGT-1 TGT-2 STOP LOSS BUY ON DIPS SELL ON RISE OPEN R Pivot S S HIGH LOW CLOSE CHANGE 2.2 % CHANGE 1.10% FUNDAMENTAL VIEW:- Natural Gas Price Fundamental Daily Forecast Will Have Trouble Sustaining Move Over $3.00 Without Hot Temperatures The weather services continue to forecast milder temperatures for the second week of June. This could lead to lower demand which may even lead to a triple digit injection in a couple of weeks. Natural gas futures finished higher on Thursday, following the release of a government report that showed a smaller storage build than expected. Overall trend of the Natural gas is bullish for medium-long term.currently Natural gas is in st down trend and the trend is supported with good volume The open interest is increasing with trend. Cautious point is sellimg at higher levels seems decreasing. The oscillator is showing sell signal For short term The current position is sell. Resistance for the Natural gas is 201.support for the Natural gas is 180 TECHNICAL VIEW :-

8 STATUS OF OUR LAST RECOMMENDATIONS RECOMMENDATIONS PROFIT/LOSS STATUS BUY GOLD ABOVE TGT SL BELOW st TGT ALMOST ACHIVED SELL GOLD BELOW 3180 TGT SL ABOVE NOT EXEUTED BUY SILVER IN RANGE TGT SL BELOW nd TGT ACHIVED SELL SILVER BELOW TGT SL ABOVE NOT EXEUTED BUY CRUDEOIL IN RANGE 4180 TGT SL BELOW NEAR 2nd TGT SELL CRUDEOIL BELOW 3940 TGT SL ABOVE- 0 NOT EXEUTED BUY COPPER IN RANGE 444 TGT SL BELOW st TGT ACHIVED SELL COPPER BELOW 429 TGT SL ABOVE AT COST BUY NATURALGAS IN RANGE 180 TGT SL BELOW NOT EXEUTED SELL NATURALGAS BELOW 171 TGT SL ABOVE NOT EXEUTED TOTAL P&L

9 ECONOMIC CALENDER Time Event Actual Forecast Previous Monday, June 4, :30 Cap Goods Ship Non Defense Ex Air (MoM) 0.80% 19:30 Durable Goods Orders (MoM) -1.70% 19:30 Factory Orders (MoM) (Apr) -0.50% 1.60% Tuesday, June 5, :15 Markit Composite PMI (May) :15 Services PMI (May) :30 ISM Non-Manufacturing Employment (May) :30 ISM Non-Manufacturing PMI (May) :30 JOLTs Job Openings (Apr) 6.101M 6.550M Wednesday, June 6, :00 API Weekly Crude Oil Stock 1.001M 18:00 Exports B 18:00 Imports B 18:00 Trade Balance (Apr) B B 18:00 Unit Labor Costs (QoQ) (Q1) 2.80% 2.70% 20:00 Crude Oil Inventories Thursday, June 7, :00 Initial Jobless Claims 225K 221K Friday, June 8, :30 U.S. Baker Hughes Oil Rig Count

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