18-22 June 2018 COMMODITY WEEKLY REPORT. 16thAPR-20th APR

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1 COMMODITY REPORT June 2018 Trade House 426 Alok Nagar, Kanadia Main Road Near Bangali Square Indore (M.P.) India Mobile :

2 COMMODITIES PREVIOUS WEEKS MCX WEEK HIGH WEEK LOW VALUE CHANGED % CHANGED GOLD (AUG.) % SILVER (JULY) % CRUDE OIL (JUNE) % NATURAL GAS (JUNE) % COPPER ( FUNE) % NICKEL (JUNE) % LEAD (JUNE) % ZINC (JUNE) % ALUMINIUM (JUNE) %

3 GOLD (AUG.) R R Pivot S GOLD (AUG.) LEVEL TGT-1 TGT-2 STOP LOSS BUY ON DIPS SELL ON RISE OPEN HIGH LOW CLOSE CHANGE 383 S % CHANGE 1.22% FUNDAMENTAL VIEW:- Precious metal Prices Languish at 2018 Lows despite Dollar U-Turn Precious metal prices continued to languish at year-to-date lows despite the dollar turning negative and rising geopolitical tensions amid growing fears of a U.S.-China trade war. Yellow metals fell as the dollar posted a fresh 2018 high before profit taking sparked a reversal pressuring the greenback lower. Raising the prospect of a tit-for-tat trade war between the world's two largest economies, Beijing ignored Trump's threats, however, vowing to immediately impose penalties of the "same scale" on American goods. TECHNICAL VIEW:- MCX Gold last week was quite volatile but at the end of the week it took reverse movement from its channel line which is near by levels and comes down. For upcoming session it may give more down side movement and tests major support level of and after that will act as a next crucial support level. On upwards side it has strong resistance level of and if price holds this level then it may take some recovery from lower to higher level up to next resistance of 31700

4 SILVER (JULY) R SILVER(MAY) LEVEL TGT-1 TGT-2 STOP LOSS BUY ON DIPS SELL ON RISE R Pivot S S % 3.20% FUNDAMENTAL VIEW:- Precious metal Prices Languish at 2018 Lows despite Dollar U-Turn Precious metal prices continued to languish at year-to-date lows despite the dollar turning negative and rising geopolitical tensions amid growing fears of a U.S.-China trade war. Yellow metals fell as the dollar posted a fresh 2018 high before profit taking sparked a reversal pressuring the greenback lower. Raising the prospect of a tit-for-tat trade war between the world's two largest economies, Beijing ignored Trump's threats, however, vowing to immediately impose penalties of the "same scale" on American goods. TECHNICAL VIEW:- MCX Silver last week showed sideways to bullish movement but at the last day of week it took strong reversal from its upper channel line i.e For upcoming week it can give some correction towards next support level of its lower channel line i.e levels and if price sustains below this level then it may continue with down trend. On upper side it has strong resistance of and after that will be next major resistance level.

5 CRUDE (JUNE) R R Pivot S S CRUDE (APR. LEVEL TGT-1 TGT-2 STOP LOSS BUY ON DIPS SELL ON RISE % 2.42% FUNDAMENTAL VIEW:- Oil Prices Settle 2.7% Lower on Growing Fears of OPEC Output Hike Crude oil prices settled lower as data pointing to an ongoing expansion in U.S. output and fears that Saudi Arabia and Russia were set to hike production weighed on sentiment. Pointing to signs of an expansion in U.S. output, the number of oil rigs operating in the US increased for a fourth-straight week, rising by 1 to 863, according to data from energy services firm Baker Hughes. Crude oil Traders fear that an uptick in global output would slow the rebalancing in oil markets as the production-cut agreement has proved effective in slashing the glut in global crude supplies. TECHNICAL VIEW:- MMCX Crude oil last week showed sideways movement but end of week it showed strong bearish movement and able to close around its lower trend line i.e levels. For upcoming trading session if it breaks and sustains below 4400 then it may take more correction towards next important support level of 4300 and after that continue with bearish trend. On upward side it has major resistance level of 4500 level and if price maintains above this level then it takes recovery up to next resistance of 4600

6 COPPER (JUNE) R COPPER (APR) LEVEL TGT-1 TGT-2 STOP LOSS BUY ON DIPS SELL ON RISE OPEN R Pivot S HIGH LOW CLOSE CHANGE 8.25 S % CHANGE 1.71% FUNDAMENTAL VIEW:- Base Metal Is Conspicuously Tight-Lipped on U.S.-China Rift China could respond to Friday s U.S. tariffs by cutting imports of raw materials, hurting corporate revenue and weighing on metals prices. A full-out trade war between the U.S. and China could negatively affect the metals and mining sector in several ways. U.S. tariffs on a huge range of equipment and parts could feed inflation, driving up miner s costs. If it also hikes domestic production of resources like copper or coal, the boost to supply could be a double-whammy for prices. Base metals prices in three months on the London Metal Exchange were for the most part lower on the morning of Friday June 15. TECHNICAL VIEW:-MCX Copper last week showed reversal movement from its upper channel line and also broke major support level of 475 and able to close below this level. For upcoming week it can continue with down side movement and price slides towards next support of 465. On upwards side it has strong resistance level of 480 and if it maintains above this level then we expect some recovery from lower levels up to next resistance of 490.

7 NATURAL GAS (JUNE) R N.GAS(APR.) LEVEL TGT-1 TGT-2 STOP LOSS BUY ON DIPS SELL ON RISE OPEN 202 R Pivot S HIGH LOW 202 CLOSE CHANGE -3.9 S % CHANGE -1.93% FUNDAMENTAL VIEW:- Natural Gas Price Fundamental Daily Forecast Move Over $3.00 Means Weather Market Has Started It comes down to the duration of the current high temperature forecast. The market is likely to handle 2 to 3 days of above average temperatures, but if the weather experts start to use terms like lingering or high pressure dome then we could see a huge breakout to the upside over $ Natural gas prices are trending higher early Monday as investors react to short-term forecasts for hot weather. Nearby futures prices breached the psychological $3.00 level on Friday for the first time since January but buyers still face a mountain of hedging pressure at or near $3.041, the October 2017 top. TECHNICAL view :- Overall trend of the Natural gas is bullish for medium-long term.currently Natural gas is in st down trend and the trend is supported with good volume The open interest is increasing with trend. Cautious point is selling at higher levels seems decreasing. The oscillator is showing sell signal For short term The current position is sell. Resistance for the Natural gas is 210

8 STATUS OF OUR LAST RECOMMENDATIONS RECOMMENDATIONS PROFIT/LOSS STATUS BUY GOLD ABOVE TGT SL BELOW st TGT ALMOST ACHIVED SELL GOLD BELOW 3180 TGT SL ABOVE NOT EXEUTED BUY SILVER IN RANGE TGT SL BELOW nd TGT ACHIVED SELL SILVER BELOW TGT SL ABOVE NOT EXEUTED BUY CRUDEOIL IN RANGE 4180 TGT SL BELOW NEAR 2nd TGT SELL CRUDEOIL BELOW 3940 TGT SL ABOVE- 0 NOT EXEUTED BUY COPPER IN RANGE 444 TGT SL BELOW st TGT ACHIVED SELL COPPER BELOW 429 TGT SL ABOVE AT COST BUY NATURALGAS IN RANGE 180 TGT SL BELOW NOT EXEUTED SELL NATURALGAS BELOW 171 TGT SL ABOVE NOT EXEUTED TOTAL P&L

9 ECONOMIC CALENDER Time Event Actual Forecast Previous Monday, June 18, :15 FOMC Member Dudley Speaks 18:30 FOMC Member Duke Speaks 22:30 FOMC Member Bostic Speaks Tuesday, June 19, :15 FOMC Member Williams Speaks 16:30 FOMC Member Bullard Speaks 18:00 Building Permits (MoM) (May) -1.40% -1.80% 18:00 Housing Starts (MoM) (May) 1.40% -3.70% Wednesday, June 20, :00 Current Account (Q1) B B 19:00 Fed Chair Powell Speaks 19:30 Existing Home Sales (May) 5.55M 5.46M 20:00 Crude Oil Inventories M M 20:00 Cushing Crude Oil Inventories M Thursday, June 21, :00 Initial Jobless Claims 220K 218K Friday, June 22, :15 Manufacturing PMI (Jun) :15 Markit Composite PMI :15 Services PMI (Jun) Tentative OPEC Meeting 22:30 U.S. Baker Hughes Oil Rig Count 863

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