Weekly Commodity Report (29 th -Jan-2018)

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2 MCX GOLD Daily Chart GOLD Commentary Fundamental News: Gold prices were hovering near after four-month highs on Thursday, propelled higher by a weaker dollar, which hit fresh three-year lows after the Trump administration signaled that it preferred a weaker currency. Technical Outlook: Gold may expect a high volatility trade due to customs duty reduce on India s budget. So, Buy above with TGT & SL or else Short below with TGT & SL R R R S S S MCX SILVER Daily Chart Data to Watch: US Personal Spending m/m, US CB Consumer Confidence, CHINA Manufacturing PMI, CHINA Non- Manufacturing PMI, US President Trump Speaks, US ADP Non- Farm Employment Change, US Chicago PMI, US Pending Home Sales m/m, US FOMC Statement, US Federal Funds Rate, CHINA Caixin Manufacturing PMI, US ISM Manufacturing PMI, US Average Hourly Earnings m/m, US Non-Farm Employment Change, US Unemployment Rate, US Revised UoM Consumer Sentiment. SILVER Commentary FOMC Member Harker Speaks Fundamental News: The US Dollar which measures the greenback s strength against a trade-weighted basket of six major currencies, was last at 89.04, after hitting an overnight low of 88.62, Silver was up 0.15% at $17.52 a troy ounce. Technical Outlook: Silver has witnessed a high volatility trade. Go long above with TGT of & and maintain SL of or else Sell below with TGT & and keep SL of level. R R R S S S Data to Watch: US Personal Spending m/m, US CB Consumer Confidence, CHINA Manufacturing PMI, CHINA Non- Manufacturing PMI, US President Trump Speaks, US ADP Non- Farm Employment Change, US Chicago PMI, US Pending Home Sales m/m, US FOMC Statement, US Federal Funds Rate, CHINA Caixin Manufacturing PMI, US ISM Manufacturing PMI, US Average Hourly Earnings m/m, US Non-Farm Employment Change, US Unemployment Rate, US Revised UoM Consumer Sentiment. 2

3 MCX CRUDE OIL Daily Chart CRUDE OIL Commentary Fundamental News: WTI Crude futures are up 0.9% at $66.09 per barrel, which marks a new three-year high, but the energy sector (+0.4%) is trading a step behind the broader market after a solid. start to the year; energy has added 7.2% in Technical Outlook: Crude Oil has remains in a profit booking mode until close above 4229 level. Go Short below 4160 With TGT of 4115 & 4040 and keep Sl of 4218 or else long near 4262 with TGT of 4320 & 4368 and keep stop loss of R R R S S S MCX NATURAL GAS Daily Chart Data to Watch: US Personal Spending m/m, US CB Consumer Confidence, CHINA Manufacturing PMI, US President Trump Speaks, US ADP Non-Farm Employment Change, US Employment Cost Index q/q, US Chicago PMI, US Pending Home Sales m/m, US Crude Oil Inventories, US FOMC Statement, US Federal Funds Rate, CHINA Caixin Manufacturing PMI, US ISM Manufacturing PMI, US Average Hourly Earnings m/m, US Non-Farm Employment Change, US Unemployment Rate, US Revised UoM Consumer Sentiment. NATURAL GAS Commentary Fundamental News: Temperatures are expected to moderate over most of the country beginning this weekend. Highs will reach into the 40s and 50s in the Northeast, while the South could see highs near 70. Colder weather in the West will move inland next week, bring snow and rain to the Midwest before continuing east. Overall demand for natural gas is forecast to be moderate for the coming week but is expected to rise to the high range by the middle of next week. Technical Outlook: R R R Natural Gas has close below 194 means some more drop ahead. Go Short below 194 with TGT of 190 & and keep stop loss of 200 Or else Go long above 204 with TGT of & and Keep SL of 200 level. Data to Watch: US Natural Gas Storage. S S S

4 MCX COPPER Daily Chart COPPER Commentary Fundamental News: Copper mining deals are off to the best start in at least 12 years -- and more money could be pouring into the sector this year. Technical Outlook: Copper has witnessed a range bound trade with support of level. So, go long near with TGT of 449 & and maintain Stop loss of 438 or else go short below 433 with TGT & 423 and keep sl of 438 level. R R R S S S MCX ALUMINIUM Daily Chart FOMC Statement, US Federal Funds Rate, CHINA Caixin Manufacturing PMI, GBP Manufacturing PMI, US ISM Manufacturing PMI, GBP Construction PMI, US Average Hourly Earnings m/m, US Non-Farm Employment Change, US Unemployment Rate, US Revised UoM Consumer Sentiment. ALUMINIUM Commentary Fundamental News: Base metals prices on the Shanghai Futures Exchange were mostly lower during Asian morning trading on Friday after profit-taking emerged following a strong performance across the complex on Thursday. Technical Outlook: Aluminium has witnessed a mild profit booking rally. So, go long above 145 with TGT of & keep SL of 143 & Go short near with TGT of & and keep Sl of 143. R1 144 R R S S S FOMC Statement, US Federal Funds Rate, CHINA Caixin Manufacturing PMI, GBP Manufacturing PMI, US ISM Manufacturing PMI, GBP Construction PMI, US Average Hourly Earnings m/m, US Non-Farm Employment Change, US Unemployment Rate, US Revised UoM Consumer Sentiment. 4

5 MCX LEAD Daily Chart LEAD Commentary Technical Outlook: Lead has witnessed a negative range bound trade. So, go short near with TGT of & and keep SL of FOMC Statement, US Federal Funds Rate, CHINA Caixin Manufacturing PMI, GBP Manufacturing PMI, US ISM Manufacturing PMI, GBP Construction PMI. R R R S S S MCX ZINC Daily Chart ZINC Commentary Technical Outlook: Zinc has close below 219 means some more drop ahead. So, short below 219 with TGT of 217 & and SL of 222. MCX NICKEL Daily Chart FOMC Statement, US Federal Funds Rate, CHINA Caixin Manufacturing PMI, GBP Manufacturing PMI, US ISM R R R S1 217 S S NICKEL Commentary Technical Outlook: Nickel has witnessed a positive trade. So, go long near with TGT of 855 & 885 SL 805 level. FOMC Statement, US Federal Funds Rate. R1 885 R R S S S

6 Weekly MCX COMMODITY CHANGE Indices Close Change % GOLD SILVER CRUDE OIL NATURAL GAS COPPER ALUMINIUM LEAD ZINC NICKEL ECONOMIC CALENDER Country Economic Event Forecast Previous Date &Time JAPAN Current Account 0.23T -0.78T 9th June (5.20 AM) JAPAN Final GDP q/q 1.4% 1.5% 9th June (5.20 AM) CANADA Housing Starts 185K 195K 9th June (5.45 PM) AUD RBA Gov Stevens Speaks - - 9th June (9.00 PM) GBP BRC Retail Sales Monitor y/y - 4.2% 10th June (4.31 AM) JAPAN Tertiary Industry Activity m/m -3.3% 2.4% 10th June (5.20 AM) AUD Home Loans m/m 0.3% -0.9% 10th June (7.00 AM) CHINA CPI y/y 2.4% 1.8% 10th June (7.00 AM) CHINA PPI y/y -1.5% -2.0% 10th June (7.00 AM) EUR French Industrial Production m/m 0.3% -0.7% 10th June (12.15 PM) CHINA New Loans 750B 775B 10th 14th June GBP Manufacturing Production m/m 0.4% 0.5% 10th June (2.00 PM) Source : Forex Factory 6

7 Source : Forex Factory Weekly Commodity Report ECONOMIC CALENDER 7

8 Source : Forex Factory Weekly Commodity Report ECONOMIC CALENDER 8

9 RESEARCHED & PREPARED BY B.KESAVAMOORTHY SENIOR RESEARCH MANAGER ID: CONTACT NO: Disclaimer LAL S This report is for the personal information of the authorized recipient and is not for public distribution The information provided in the document is from information /data. available in public domain and other sources, which we believe, are reliable. We have made our best efforts to try and ensure accuracy of data however, Sky Commodities and/or any of its affiliates and/or employees shall not liable for resultant loss or damage that may arise from use of this document Sky Commodities and/or any of its affiliates and/or employees may or may not hold positions in any of the securities mentioned in the document. Investors should not solely rely on the information contained in this document and must make investment decisions based on their own investment objectives, risk appetite, investment horizon, financial strength or other parameter. The recipients of this material should take their own professional advice or consult your SEBI registered Investment Adviser for your specific Investment related advice/requirements and/or before acting on this information. The report also includes analysis and views expressed by our research team. The report is purely for information purposes and does not construe to be investment recommendation/advice or an offer or solicitation of an offer to buy/sell any securities. The opinions expressed are our current opinions as of the date appearing in the material and may be subject to change from time to time without notice. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to local law, regulation or which would subject Sky Commodities and affiliates to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction. 9