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1 Published On 04 Mar 2019 Research Analyst Report GOLD SILVER MAR 2019 to 08 MAR 2019 Premium Commodity Weekly Journal Strictly for Client Circulation &

2 Market Wrap Mon 25 Feb to Fri 01 Mar 2019 Scrip Name Contract Open High Low Close GOLD SILVER CRUDE OIL NATURAL GAS COPPER ZINC LEAD ALUMINIUM NICKEL 05-Apr Mar Mar Mar Apr

3 Support & Resistance Mon 04 to Fri 08 Mar 2019 Scrip Name GOLD SILVER CRUDE OIL NATURAL GAS COPPER ZINC LEAD ALUMINIUM NICKEL Contract 05-Apr Mar Mar Mar Apr-2019 Res 2 Res 1 Pivot Sup 1 Sup

4 MCX Outlook Mon 04 to Fri 08 Mar 2019 COMEX Copper End At One Week Low- Global economic data, primarily from China and Eurozone mostly stayed weak and copper slipped as a result. COMEX Copper futures closed at a one week low at $2.92 per pound. MCX Copper futures ended just above Rs 462 per kg mark. Copper recently soared to a nine month high as supportive cues from equities and concerns over supplies kept the sentiments firm. Leading global miner and trader Glencore lowered its 2019 copper output forecast to 1.5 million tonnes from 1.54 million tonnes, citing production cuts at its Mutanda mine in the Democratic Republic of Congo. The metal used in power and construction has registered reduced inventories while supply has been constrained by lack of investment in mines and declining grades. Stocks of copper in LME warehouses stand around tonnes, close to 10-year lows of 122,500 tonnes hit in early December last year. MCX Futures Fall Under Rs 4000 Per Barrel- Crude Oil: Crude oil futures stayed supported on good buying and continued supply worries. Media reports noted that OPEC has indicated it will continue to withhold supply despite pressure from US President Donald Trump to stop artificially tightening markets. This pushed up the WTI Crude oil futures after prices retreated from three month highs. The counter saw continued selling on rallies though and ended just under $56 per barrel. MCX Crude oil futures closed at Rs 3982 per barrel, down 1.90% on 1st March 2019.

5 Market News Mon 04 to Fri 08 Mar 2019 Impressive Surge In Indian Demand- Special News COMEX Silver futures tracked the movement in Gold prices in last week. The white metal eased towards two month low following the inability of the commodity to break above $16 per ounce levels. The metal also eyed weak manufacturing data from US and China and a modest correction in global copper futures from nine month lows also weighed on the Silver prices. The benchmark COMEX futures ended at $15.15 per ounce, down 2.46% on 1st March. Prices dropped nearly 1 dollar in last two weeks. MCX Silver futures also topped out above Rs per kg and ended just above Rs per kg levels. Silver is widely used in various industrial applications around the globe. MCX Zinc Breaks Above Rs 200 Level- MCX Zinc futures soared impressively today, extending the recent gains as a strong buying spree was seen in the metal. Continuously falling LME Zinc inventories have been boosting the sentiments in recent days and good buying in Copper is also keeping the entire metals complex firm. LME Zinc inventories are currently at a record low around tonnes, having nearly halved in last one month. The MCX Zinc futures soared to a one month high today, breaking above Rs 200 per kg level. The metal currently trades at Rs per kg, up 1.44% on the day.

6 Commodity Buzz Mon 04 to Fri 08 Mar 2019 MCX Aluminium under fresh buying; Support seen at MCX Nickel may trade in a range between Zinc market under fresh buying; Support seen at Copper market under short covering; Support seen at Natural Gas market under short covering; Support seen at Crude Oil market under short covering Support seen at Silver market under short covering; Support seen at MCX Gold may trade in a range between

7 Analyst Speaks Mon 04 to Fri 08 Mar 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 33305, a move above could see prices testing GOLD APR SELL AROUND TGTS 32350/31850 SL RESISTANCE 2 RESISTANCE 1 PIVOT SUPPORT 1 SUPPORT

8 Analyst Speaks Mon 04 to Fri 08 Mar 2019 MCX CRUDE OIL Technically Crude Oil market is getting support at 3887 and below same could see a test of 3801 levels and resistance is now likely to be seen at 4088, a move above could see prices testing CRUDE OIL MAR SELL AROUND TGTS 3800/3600 SL 3250 RESISTANCE 2 RESISTANCE 1 PIVOT SUPPORT 1 SUPPORT

9 Analyst Speaks Mon 04 to Fri 08 Mar 2019 MCX COPPER OIL Technically Copper market is getting support at and below same could see a test of levels and resistance is now likely to be seen at 468.3, a move above could see prices testing COPPER APR BUY AROUND TGTS 470/490 SL 430 RESISTANCE 2 RESISTANCE 1 PIVOT SUPPORT 1 SUPPORT

10 Economic Events Mon 04 to Fri 08 Mar 2019 COUNTRY DATE TIME EVENTS ACTUAL FORECAST PREVIOUS 05 MAR 08:30pm ISM Non-Manufacturing PMI MAR 09:00pm 10:30pm Crude Oil Inventories FOMC Member Williams Speaks M - USD 07 MAR 07:00pm 09:00pm Unemployment Claims Natural Gas Storage 225K - 225K -166B 10:45pm FOMC Member Brainard Speaks - - Average Hourly Earnings m/m 0.3% 0.1% 08 MAR 07:00pm Unemployment Rate 3.9% 4.0% Building Permits 1.29M 1.33M

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