Morning Newsletter (11 th Oct- 2018)

Transcription

1 (11 th Oct- 2018) 1

2 Precious Metals 11 th -Oct-2018 MCX GOLD Daily Chart GOLD Commentary Gold prices were largely unchanged Wednesday as investors grappled with rising U.S. interest rates, although the metal drew some support from the dollar coming off a seven-week high. Buy GOLD above TGT / SL Sell GOLD below TGT / SL DATA Watch: ALL G20 Meetings, EUR ECB Monetary Policy MCX SILVER Daily Chart SILVER Commentary The U.S. dollar index, which measures the greenback s strength against a basket of six major currencies, was down 0.2% at 95.17, pulling back from a seven-week high of reached in the previous session. silver futures were 8.5 cents, or 0.6%. Buy SILVER above TGT / SL Sell SILVER below TGT / SL DATA Watch: ALL G20 Meetings, EUR ECB Monetary Policy 2

3 Energy sth -July Oct-2018 MCX CRUDE OIL Daily Chart CRUDE OIL Commentary Crude prices edged lower on Wednesday, as investors watched Hurricane Michael, which has intensified to Category 4 storm and was barreling down on Florida. Buy CRUDE OIL above 5474 TGT 5494 & 5534 SL 5454 Sell CRUDE OIL below 5434 TGT 5414 & 5374 SL 5454 DATA Watch: ALL G20 Meetings, EUR ECB Monetary Policy Meeting Accounts, US CPI m/m, US Unemployment Claims, US Crude Oil Inventories. MCX NATURAL GAS Daily Chart NATURAL GAS Commentary Natural Gas has witnessed a high volatility trade due to storage data. Buy NG above TGT & SL Sell NG below TGT & SL DATA Watch: US Natural Gas Storage. 3

4 Base Metals sth -July Oct-2018 MCX COPPER Daily Chart COPPER Commentary Base metals' prices on the London Metal Exchange were mostly lower during morning trading on Wednesday October 10, pressured by broad strength in the US dollar index amid indications from the International Monetary Fund that ongoing trade tensions may stunt global economic growth. Buy COPPER above TGT / SL Sell COPPER below TGT / SL DATA Watch: ALL G20 Meetings, GBP BOE Credit Conditions Survey, GBP BOE Gov Carney Speaks, EUR ECB Monetary Policy MCX ALUMINIUM Daily Chart ALUMINIUM Commentary The reversal of the decision to shut down Hydro s Alunorte refinery means alumina prices will quickly break below the $500 per tonne level. Buy ALUMINIUM above TGT & SL Sell ALUMINIUM below TGT & SL DATA Watch: ALL G20 Meetings, GBP BOE Credit Conditions Survey, GBP BOE Gov Carney Speaks, EUR ECB Monetary Policy 4

5 Base Metals sth -July Oct-2018 MCX LEAD Daily Chart LEAD Commentary Lead has witnessed a high volatile trade. Buy LEAD above TGT & SL Sell LEAD below TGT & SL DATA Watch: US FOMC Member Williams Speaks, GBP GDP m/m, GBP Manufacturing Production m/m, US PPI m/m, US Core PPI m/m. MCX ZINC Daily Chart ZINC Commentary Zinc has witnessed a high volatile trade. Buy ZINC above TGT & 200 SL Sell ZINC below TGT & SL DATA Watch: US FOMC Member Williams Speaks, GBP GDP m/m, GBP Manufacturing Production m/m, US PPI m/m, US Core PPI m/m. MCX NICKEL Daily Chart NICKEL Commentary Nickel has close below 930 means some more drop ahead. Buy NICKEL above TGT & 958 SL Sell NICKEL below TGT & SL DATA Watch: US FOMC Member Williams Speaks, GBP GDP m/m, GBP Manufacturing Production m/m, US PPI m/m. 5

6 Pivot Table Morning & Economic Newsletter Calendar SUPPORTS & RESISTANCES 31 st -July th -Oct-2018 Commodity S3 S2 S1 Pivot Point R1 R2 R3 GOLD GOLDM SILVER SILVERM ALUMINIUM COPPER LEAD ZINC NICKEL CRUDE OIL NATURAL GAS ECONOMIC CALENDER Country Economic Event Forecast Previous Time ALL G20 Meetings - - Day 1 GBP BOE Gov Carney Speaks PM EUR ECB Monetary Policy Meeting Accounts PM US CPI m/m 0.2% 0.2% 6.00 PM US Core CPI m/m 0.2% 0.1% 6.00 PM US Natural Gas Storage 87B 98B 8.00 PM US Crude Oil Inventories 2.3M 8.0M 8.30 PM 6

7 Morning Disclaimer Newsletter 31 st -July th -Oct-2018 RESEARCHED & PREPARED BY B.KESAVAMOORTHY SENIOR MANAGER (RESEARCH ) CONTACT NO: ID: KESAVAMOORTHY.B@SKYCOMMODITIESMAILS.COM 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. 7