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1 Published On 22 JAN 2019 Research Analyst Report 22 GOLD 31,998 JAN 2019 SILVER 38,820 Premium Commodity Daily Journal Strictly for Client Circulation &

2 Market Wrap Mon 21 Jan 2019 Scrip Name Contract Open High Low Close GOLD SILVER CRUDE OIL NATURAL GAS COPPER ZINC LEAD ALUMINIUM NICKEL 05-Feb Mar Feb Jan Feb

3 Support & Resistance Tue 22 Jan 2019 Scrip Name GOLD SILVER CRUDE OIL NATURAL GAS COPPER ZINC LEAD ALUMINIUM NICKEL Contract 05-Feb Mar Feb Jan Feb-2019 Res 2 Res 1 Pivot Sup 1 Sup

4 MCX Outlook Tue 22 Jan 2019 Gold Falls Under $1280 Per Ounce In Asia- COMEX Gold pulled back yesterday, witnessing further selling pressure after the recent correction. Market is still expecting that the US Federal Reserve will pause its multi-year interest rate hike cycle though the risk appetite in global markets is weighing on the yellow metal. The commodity currently trades at $1278 per ounce, down 0.30% on the day. MCX Gold futures closed flat at Rs per 10 grams. The COMEX Gold tested their three week low near $1276 per ounce in intraday moves. Meanwhile, the Indian Rupee stayed slippery amid recent strength in oil prices and increased demand for the greenback from importers. At the interbank forex exchange, the rupee dropped around 10 paise to settle just under per US dollar. COMEX Copper Tumbles More Than 1 %- COMEX Copper tumbled today after China stated that its official economic growth came in at 6.6% in 2018 the slowest pace since The Fourth quarter GDP growth came in at 6.4%, declining from 6.5% year-over-year growth in the third quarter. This pulled the red metal lower after it tested a three week high recently. The counter currently trades at $2.68 per pound, down 1.10% on the day. MCX Copper futures are currently trading at Rs per kg, down 0.84% on the day as a break under Rs 430 levels extended.

5 Market News Tue 22 Jan 2019 Special News Silver is the outcast among precious metals as 2019 rebound promises fade Silver just completed its worst year in three. Investors are showing no signs of taking a shine to the metal in 2019, either. The commodity has erased its 2019 gain, while gold, platinumnse 0.00 % and palladium hold onto theirs. Silver futures on Friday posted the biggest weekly loss since November. Analysts say silver is getting hit from at least two sides as investors are turned off by its status as both a haven and industrial commodity. Optimism over trade talks is boosting equities and curbing demand for shelters from market turmoil. At the same time, caution over the broader economic outlook dims industrial-demand prospects at a time when silver is plentiful. Gold struggles for upward momentum- GOLD appears to be marking time below the psychological $1,300 level as a slight rebound in the US dollar chips away at the upward momentum. It has been noted that in 2018 Russia diversified from US assets, trimming its holdings of US Treasuries and shifting into gold, after the US imposed sanctions on some Russian entities. The nation bought 8.8 million troy ounces of the precious metal, which meant it leapfrogged China to become the fifth largest gold holder globally behind the US, Germany, France and Italy.

6 Commodity Buzz Tue 22 Jan 2019 MCX Silver may trade in a range between Gold market under long liquidation; Support seen at MCX Aluminium expected to trade between levels Nickel market under short covering; Support seen at Zinc market under fresh buying; Support seen at 182.5

7 Analyst Speaks Tue 22 Jan 2019 MCX GOLD Technically Gold market is getting support at and below same could see a test of levels and resistance is now likely to be seen at 32164, a move above could see prices testing GOLD FEB BUY AROUND TGTS 32120/32250 SL RESISTANCE 2 RESISTANCE 1 PIVOT SUPPORT 1 SUPPORT

8 Analyst Speaks Tue 22 Jan 2019 MCX CRUDE OIL Technically Crude Oil market is getting support at 3842 and below same could see a test of 3808 levels and resistance is now likely to be seen at 3906 a move above could see prices testing CRUDE OIL FEB SELL AROUND TGTS 3810/3760 SL 3920 RESISTANCE 2 RESISTANCE 1 PIVOT SUPPORT 1 SUPPORT

9 Today s Economic Events Tue 22 Jan 2019 COUNTRY USD TIME EVENTS ACTUAL FORECAST PREVIOUS 08:30PM Existing Home Sales M 5.32M

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