22-26 Oct.2018 COMMODITY WEEKLY REPORT OCTOBER 2018

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

2 COMMODITIES PREVIOUS WEEKS MOVEMENT(15-19 Oct ) MCX WEEK HIGH WEEK LOW VALUE CHANGED % CHANGED GOLD (DEC.) % SILVER (DEC.) % CRUDE OIL (NOV.) % NATURAL GAS (OCT.) % COPPER ( NOV.) % NICKEL (OCT.) % LEAD (OCT.) % ZINC (OCT.) % ALUMINIUM (OCT.) %

3 GOLD (DEC.) R BUY GOLD ON DIPS TGT 31300,31550 SL BELOW GOLD SELL ON RISE TGT 31800,31600 SL ABOVE OPEN R Pivot S HIGH LOW CLOSE CHANGE -2 S % CHANGE -0.01% FUNDAMENTAL VIEW:- Gold down for the Day, but up for the Week On Friday Gold prices settled a touch lower on Friday on profittaking from recent gains, but a weaker dollar and geopolitical worries still helped bullion coast to a third weekly gain. In weekend trade, the the dollar index fell 0.3%, helping gold run up initially as a contrarian bet. An early drop of the Dow also boosted gold in early trade before stocks on Wall Street rebounded. Saudi Arabia's deepening political crisis with the West over the alleged murder of a missing journalist and Italy's budget woes should support bullion's safe-haven appeal, United States midterm elections are on Nov. 6. TECHNICAL VIEW:- MCX Gold last week was quite volatile but able to close around its immediate resistance level of For upcoming trading session if it breaches then it can continue with bullish trend and price may test next major resistance level of and if it takes reverse movement then it may test initial support level of its bullish key line i.e as well as also takes correction and after that will act as a next crucial support level and trend may also change.

4 SILVER (DEC.) R BUY SILVER ABOVE TGT 39200,39900 SL BELOW SILVER SELL ON RISE TGT 38800,38100 SL ABOVE OPEN R Pivot S S HIGH LOW CLOSE CHANGE 254 % CHANGE 0.65% FUNDAMENTAL VIEW:- Silver futures surge Rs 147 on firm global cues At the Multi Commodity Exchange, silver for delivery in November spurted by Rs 147, or 0.38 per cent, to Rs 39,087 per kg in a business turnover of 650 lots. Silver prices rose by Rs 147 to Rs 39,087 per kg in futures trade Monday on speculative buying by investors following its gains in overseas markets. At the Multi Commodity Exchange, silver for delivery in November spurted by Rs 147, or 0.38 per cent, to Rs 39,087 per kg in a business turnover of 650 lots.the white metal for delivery in December was trading higher by Rs 142 or 0.36 per cent to Rs 39,060 per kg in 189 lots. Analysts said speculative buying driven by firm global trend lifted silver prices at futures trade. TECHNICAL VIEW:- MCX Silver last week showed sideways movement. For upcoming session it may take some correction from higher to lower levels and also test initial support level of and if price sustains below this level then we will continue to suggest bearish towards next strong support level of On upward side it has important resistance level of and if price maintains above this level then it takes quick recovery from lower to higher levels up to next resistance of its bearish line i.e levels.

5 CRUDE OIL (NOV.) R BUY CRUDE OIL ON DIPS 4950 TGT 5050,5150 SL BELOW 4800 CRUDE OIL SELL ON RISE 5230 TGT 5130,5030 SL ABOVE 5380 OPEN 5290 R Pivot S S HIGH 5334 LOW 5061 CLOSE 5115 CHANGE 175 % CHANGE 3.31% FUNDAMENTAL VIEW:- Crude Up on Day, but U.S. Oil Loses 3% after Rough Week Crude Oil prices rose on Friday, but remained at an inflection point after a rough week. Surging stockpiles and a rise in drilling activity in the U.S. indicate the path of least resistance is lower. But Reports of record Chinese demand for crude and of producers struggling to boost output suggest prices should be higher. On display The conflicting themes were as Brent, the global benchmark for oil, posted a drop of nearly 1% on the week, while WTI had a weekly loss of 3%.On Monday Some think WTI will return to its recent perch above $70 per barrel and dismiss this week s tumble as aberration, or simply profit-taking, ahead of the expiry of its front month November contract. TECHNICAL VIEW:- MCX Crude oil last week showed sideways to bearish movement and close around its support of For upcoming week if it breaks 5100 then it may goes down towards next support level i.e and after that 4900 will act as a next major support level. On higher levels it has immediate resistance level of 5200 and if price maintains above this level then it will push for some recovery from lower levels and price may test next resistance level of 5300 and may also continue with upward trend.

6 COPPER (NOV.) R BUY COPPER ON DIPS 440 T GT 450,460 SL BELOW 425 COPPER SELL ON RISE 461 TGT 451,441 SL ABOVE 476 OPEN R Pivot S HIGH LOW CLOSE 453 CHANGE 7.7 S % CHANGE 1.67% FUNDAMENTAL VIEW:- Zinc the laggard at LME close with leads the way on tightness Zinc and lead, with aluminium all down on the previous day, on the London Metal Exchange metal prices ended the trading week weakly. On Friday October 19 metal prices have made a mixed start to morning trading on the London Metal Exchange with sister metals zinc and lead showing marginal declines against gains elsewhere. Lead price the three-month has dropped below $2,000 per tonne and is now in its fourth day of declines. Lead is a troubled metal and the only one with a short fund position, indicating that specs sentiment towards it is firmly bearish. TECHNICAL VIEW:- MCX Copper last week showed choppy movement and close around its initial resistance level of 455. For upcoming period if price maintains above 455 then it may goes upside up to next resistance of 465. On lower side it has support of its bullish line i.e. 445 levels and below this level it takes sharp correction from higher levels and price may test support level of 435 and after that we will continue to suggest down trend towards next support level of 425.

7 STATUS OF OUR LAST WEEK RECOMMENDATIONS ( Oct.2018) RECOMMENDATIONS PROFIT/LOSS STATUS BUY GOLD ON DIPS TGT 31200,31450 SL BELOW NOT EXEUTED GOLD SELL ON RISE TGT 32000,31800 SL ABOVE BOTH TGT HIT BUY SILVER ABOVE TGT 38900,39700 SL BELOW NOT EXEUTED SILVER SELL ON RISE TGT 38900,38200 SL ABOVE NOT EXEUTED BUY CRUDE OIL ON DIPS 5050 TGT 5150,5250 SL BELOW ST TGT ALMOST HIT CRUDE OIL SELL ON RISE 5330TGT 5230,5130 SL ABOVE BOTH TGT HIT BUY COPPER ON DIPS 446 T GT 456,466 SL BELOW ST TGT ALMOST HIT COPPER SELL ON RISE 470 TGT 460,450 SL ABOVE NOT EXEUTED TOTAL P&L

8 ECONOMIC CALENDER ime Cur. Event Actual Forecast Previous Wednesday, October 24, :00 USD API Weekly Crude Oil Stock M 19:15 USD Manufacturing PMI (Oct) :15 USD Markit Composite PMI :15 USD Services PMI (Oct) :30 USD New Home Sales (MoM) (Sep) -1.40% 3.50% 19:30 USD New Home Sales (Sep) 625K 629K 20:00 USD Crude Oil Inventories 6.490M 20:00 USD Cushing Crude Oil Inventories 1.776M 22:30 USD FOMC Member Bostic Speaks Thursday, October 25, :00 USD Cap Goods Ship Non Defense Ex Air (MoM) -0.20% 18:00 USD Core Durable Goods Orders (MoM) (Sep) 0.30% 0.10% 18:00 USD Durable Goods Orders (MoM) (Sep) -1.30% 4.40% 18:00 USD Goods Trade Balance (Sep) B B 18:00 USD Initial Jobless Claims 213K 210K 19:30 USD Pending Home Sales (MoM) (Sep) -0.10% -1.80% 23:30 USD Beige Book Friday, October 26, :00 USD GDP (QoQ) (Q3) 3.30% 4.20% 18:00 USD GDP Price Index (QoQ) (Q3) 2.30% 3.30% 19:30 USD Michigan Consumer Expectations (Oct) :30 USD Michigan Consumer Sentiment (Oct) :30 USD U.S. Baker Hughes Oil Rig Count 18:00 USD Personal Spending (MoM) (Aug) 0.30% 0.40% 19:15 USD Chicago PMI (Sep) :30 USD Michigan Consumer Sentiment (Sep) :30 USD U.S. Baker Hughes Oil Rig Count 866

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