25-March Metals Update. For More Information Please visit or contact

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1 25-March-2019 For More Information Please visit or contact Please refer to disclaimer at the end of the report.

2 DAILY MARKET OUTLOOK PRECIOUS METALS AND INDUSTRIAL METALS COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT COMEX GOLD COMEX SILVER USD/T OZ. USD/T OZ APR MAY-19 COMEX COPPER USD/LB MAY-19 PLATINUM USD/T OZ APR-19 ENERGY COMMODITY FUTURES COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT CRUDE OIL(WTI) CRUDE OIL(BRENT) NY. NATURAL GAS NY. HEATING OIL USD/BBL. USD/BBL. USD/MMBTU USD/GAL APR MAY APR APR-19

3 DAILY SUPPORT & RESISTANCE COMMODITY SUPPORT-2 SUPPORT-1 PIVOT RESISTANCE-1 RESISTANCE-2 GOLD SILVER WTI CRUDEOIL NATURALGAS COPPER LME BASE METALS OFFICIAL CASH PRICES ( $/MT ) LM WAREHOUSE STOCKS (INVENTORY) METALS PRICE ( $/MT ) CHANGE % CHANGE METALS INVENTORY CHANGE ( MT ) ALUMINIUM ALUMINIUM COPPER COPPER LEAD LEAD 350 ZINC TIN NA TIN ZINC -175

4 INTERNATIONAL COMMODITY NEWS The palladium bull remains irrepressible, but the gold bug is having trouble staying on the bronco as the U.S. labor market lends a modicum of support to a dollar all but forsaken by the Fed. The spot price of palladium, an auto-catalyst metal, shot to record peaks for a fourth-straight day on Thursday, its third above the key $1,600 level. Spot palladium was up $5.60, or 0.4%, at 1, per ounce by 3:34 PM ET (19:34 GMT), after setting an all-time high at $1, The silverywhite metal has benefited all week on speculation of continued scarcity in the commodity, which is produced mainly in Russia and South Africa. The Federal Reserve's reassurance of a benign interest rate regime in the U.S. through 2019, communicated through its decision on not to raise rates again in March, battered the dollar on Wednesday and added froth to in the gold and palladium markets. Oil prices on Friday hovered close to 2019 peaks reached the previous day, propped up by supply cuts led by producer club OPEC and by U.S. sanctions against Iran and Venezuela. Brent crude oil futures were at $67.82 per barrel at 0122 GMT, down 4 cents from their last close but within a dollar of the $68.69 per barrel 2019-high marked the day before. U.S. West Texas Intermediate (WTI) futures were at $60 per barrel, virtually unchanged from their last settlement and not far off their 2019 peak of $60.39 touched on Thursday. Prices have been propped up by supply cuts by the Organization of the Petroleum Exporting Countries (OPEC) and non-affiliated allies such as Russia, often referred to as 'OPEC+. Despite a more than a quarter increase in crude prices this year, Canadian investment bank RBC Capital Markets said oil was "still below the fiscal breakeven level in a number of OPEC countries", meaning that many producers have an interest in further propping up the market. Aggressive OPEC cuts, virtually-frozen Venezuelan oil exports, U.S. crude stockpile slumps and friendly interest rates in the United States are stoking a herd-like mentality to chase prices to new 2019 highs after West Texas Intermediate futures breached the $60 per barrel mark on Wednesday for the first time since November. But a still-wobbly Chinese and global economy and the possibility of a new wall of U.S. supply from shale operators reveling in profits to be made at current prices are also fostering enough negativity to temper funds from rushing into new long positions. Big Oil is already muscling small drillers from U.S. shale patches for a share of the action there, with Exxon Mobil (NYSE:XOM) saying it can get a barrel from Permian, the most prolific patch, for as low as $35 -- a 70% profit at existing prices.

5 EPIC DAILY TOP PICKS GOLD COMEX -DAILY CANDLESTICK CHART TRADING STRATEGY : BUY GOLD ABOVE 1315 TGT SL BELOW 1305 SELL GOLD BELOW 1305 TGT SL ABOVE 1315

6 TODAY'S ECONOMIC EVENTS DISCLAIMER

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