Weekly Commodity Report (7 th -May-2018)

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2 MCX GOLD Daily Chart GOLD Commentary Fundamental News: The price of gold has been feeling the pressure lately from a stronger U.S. dollar, which is at a four-month high, and rising Treasury yields. Technical Outlook: Gold has witnessed a profit booking near level. So, Buy above with TGT & SL or else Short near with TGT & SL Speaks, US PPI m/m, US Core PPI m/m, CHINA CPI y/y, CHINA PPI y/y, US CPI m/m, US Core CPI m/m, US Unemployment Claims, CANADA Employment Change, CANADA Unemployment Rate, US Prelim UoM Consumer Sentiment. R R R S S S MCX SILVER Daily Chart SILVER Commentary FOMC Member Harker Speaks Fundamental News: Silver recovery phase from (01/05/2018 low) continues, trading above and heading along the range. Technical Outlook: Silver has witnessed a range bound trade in between to levels. Go long near with TGT of & and maintain SL of or else Sell near with TGT & and keep SL of level. Speaks, US PPI m/m, US Core PPI m/m, CHINA CPI y/y, CHINA PPI y/y, US CPI m/m, US Core CPI m/m, US Unemployment Claims, CANADA Employment Change, CANADA Unemployment Rate, US Prelim UoM Consumer Sentiment. R R R S S S

3 MCX CRUDE OIL Daily Chart CRUDE OIL Commentary Fundamental News: Crude oil markets initially fell during the week, but then ended up finding enough buyers to jump in and. push to the upside. Crude oil markets have been very bullish over the majority of the previous year, and it looks like we are nowhere near the end of the uptrend. Technical Outlook: Crude Oil may expect a profit booking near 4705 nor 4794 levels. Go Short near 4705 With TGT of 4660 & 4615 and keep Sl of 4755 or else long near 4523 with TGT of 4565 & 4607 and keep stop loss of R R R S S S MCX NATURAL GAS Daily Chart Speaks, US PPI m/m, US Core PPI m/m, US Crude Oil Inventories, CHINA CPI y/y, CHINA PPI y/y, US CPI m/m, US Core CPI m/m, US Unemployment Claims, CANADA Employment Change, CANADA Unemployment Rate, US Prelim UoM Consumer Sentiment. NATURAL GAS Commentary Fundamental News: The natural gas markets initially tried to rally during the week but found the $2.80 level to be far too resistant to continue going higher. Technical Outlook: Natural Gas has witnessed a range bound trade in between to level. Go Short below 181 with TGT of & and keep stop loss of 187 Or else Go long near with TGT of 178 & 183 and Keep SL of 167 level. Data to Watch: US Natural Gas Storage. R R R S S S

4 MCX COPPER Daily Chart COPPER Commentary Fundamental News: Copper for July settlement on the Comex division of the New York Mercantile Exchange fell 0.55 cents or 0.2% to $ per lb. Yesterday, Unites States non-ferrous scrap exports to China were brought to a halt on news that the Chinese government has implemented a 30-day suspension on its North America customs inspection division. Technical Outlook: Copper has witnessed a range bound trade. So, go long near with TGT of & and maintain Stop loss of 440 or else go short near with TGT 456 & and keep sl of 467 level. R R R3 473 S S S MCX ALUMINIUM Daily Chart Data to Watch: CHINA Trade Balance, US Fed Chair Powell Speaks, US PPI m/m, US Core PPI m/m, CHINA CPI y/y, CHINA PPI y/y, GBP Manufacturing Production m/m, GBP Monetary Policy Summary, GBP Official Bank Rate, US CPI m/m, US Core CPI m/m, US Unemployment Claims, EUR ECB President Draghi Speaks, US Prelim UoM Consumer Sentiment. ALUMINIUM Commentary Fundamental News: Base metals on the London Metal Exchange ended the week on a high at the close of trading on Friday May 4, with aluminium s three-month price rocketing 3.5% over the day. Technical Outlook: Aluminium has witnessed a high volatility trade. So, go long near with TGT of 157 & keep SL of 150 & Go short below with TGT of & and keep Sl of 150. R R R Speaks, GBP Halifax HPI m/m, US PPI m/m, US Core PPI m/m, CHINA CPI y/y, CHINA PPI y/y, GBP Manufacturing Production m/ m, GBP Goods Trade Balance, GBP BOE Inflation Report, GBP Monetary Policy Summary, GBP Official Bank Rate, US CPI m/m, US Core CPI m/m, US Unemployment Claims, EUR ECB President Draghi Speaks, US Prelim UoM Consumer Sentiment. S S S

5 MCX LEAD Daily Chart LEAD Commentary Technical Outlook: Lead has close above means positive bias. So, go short below 154 with TGT of & and keep SL of 156. Data to Watch: US FOMC Member Quarles Speaks, CHINA Trade Balance, US Fed Chair Powell Speaks, GBP Halifax HPI m/m, US PPI m/m, US Core PPI m/m, CHINA CPI y/y, CHINA PPI y/y, GBP Manufacturing Production m/m, GBP Goods Trade Balance, GBP Monetary Policy Summary, GBP Official Bank Rate, US CPI m/m, US Core CPI m/m, US Unemployment Claims. R R R S S S MCX ZINC Daily Chart ZINC Commentary Technical Outlook: Zinc has close below means some more drop ahead.. So, short below with TGT of & and SL of MCX NICKEL Daily Chart Data to Watch: US FOMC Member Quarles Speaks, CHINA Trade Balance, US Fed Chair Powell Speaks, GBP Halifax HPI m/m, US PPI m/m, US Core PPI m/m, CHINA CPI y/y, CHINA PPI y/y, GBP Manufacturing Production m/m, GBP Goods Trade Balance, GBP Monetary Policy Summary, GBP Official Bank Rate, US CPI m/m. R R R S S S NICKEL Commentary Technical Outlook: Nickel has witnessed a range bound trade.. So, go short near with TGT of 953 & 881 SL of 1005 level. Speaks, GBP Halifax HPI m/m, US PPI m/m, US Core PPI m/m, CHINA CPI y/y, CHINA PPI y/y. R R R S1 920 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