Metals and Energy. Market Update. ffw ffw. June

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1 Metals and Energy ffw ffw. June Market Update Commodity Net Chg Perc Chg Open High Low Close Vol Open Int CHICAGO MERCANTILE EXCHANGE (CME) - COMEX Gold Futures ($/troy oz) , , , , , ,184 Silver Futures ($/troy oz) , ,844 Copper Futures (Cents/lb) , ,856 NEW YORK MERCANTILE EXCHANGE - NYMEX Crude Oil (Light Sweet) ($/bbl) ,988 1,723,760 Natural Gas ($/mmbtu) ,034 1,076,185 LONDON METAL EXCHANGE - LME Aluminum 3 Month ($/ton) , , , , ,205 0 Copper 3 Month ($/ton) , , , , ,563 0 Lead 3 Month ($/ton) , , , , ,053 0 Nickel 3 Month ($/ton) , , , , ,948 0 Zinc 3 Month ($/ton) , , , , ,033 0 MULTI COMMODITY EXCHANGE - MCX Gold (Rs/ten gms) , , , , , Silver (Rs/kg) , , , , ,853 11,135 Crude Oil (Rs/bbl) , , , , ,595 21,345 Natural Gas (Rs/mmBtu) ,257 12,714 Aluminum (Rs/kg) ,784 2,989 Copper (Rs/kg) ,544 26,941 Lead (Rs/kg) ,898 2,916 Nickel (Rs/kg) ,881 25,526 Zinc (Rs/kg) ,267 8,460 FOREX USDINR Comp EURUSD EURINR JPYINR GBPINR

2 Market Commentary Spot gold has risen one per cent, rebounding from the prior session's three-and-a-half-month low, but remains on track for its biggest monthly decline since November on US dollar strength and growing expectations of an imminent Federal Reserve interest rate rise. However, US gold futures for August delivery settled up just 80 cents at $US1, an ounce. US consumer spending rose by the most in more than six years in April as households stepped up purchases of cars, suggesting acceleration in economic growth. Spot Prices Net Chg. % Chg. Close GOLD SPOT ($/oz) , SILVER SPOT ($/oz) GOLD SILVER RATIO London Fixing Prices Net Chg. % Chg. Close GOLD PM FIX ($/oz) , GOLD AM FIX ($/oz) , SILVER FIX (cents/oz) Oil slipped a fourth day, heading for the longest run of declines since April, as OPEC ministers gather in Vienna ahead of a meeting on Thursday to discuss production policy. Futures fell as much as 1.1 percent in New York, after declining 0.9 percent the previous three sessions. Canadian oil-sand producers, including Suncor Energy Inc., began resuming operations after wildfire threats eased, while supply disruptions continued to reduce output in Nigerian and Libya. The global oversupply that caused prices to slump since 2014 is correcting itself, the United Arab Emirates oil minister said in Vienna on Tuesday. Copper fell, capping the biggest monthly drop since November as a resurgent dollar cut demand for commodities priced in the currency. Nickel rose for a third session as workers at the world s second-biggest ferronickel mine voted to strike. Metals slumped in May as Federal Reserve officials including Chair Janet Yellen hinted at higher U.S. interest rates as soon as their June gathering, strengthening the dollar and making materials more expensive in other currencies. Money managers raised their bearish copper bets in the week ended May 24 by 38 percent to the most in four months, U.S. government data show. Technical Indicators Gold Silver RSI MA MA MA Aluminum Copper Lead Nickel Zinc RSI MA MA MA Crude Oil Natural Gas RSI MA MA MA

3 Technical Outlook Gold COMEX Gold Hourly Chart Gold prices broke the support line of the channel and are likely to move lower, as shown in the chart. The short term outlook is negative with immediate support seen at 1210 level and a break below that will take prices to 1200 odd levels. On ascent, resistance is seen at 1220 mark. As the overall bias is negative we suggest selling at a higher level around 1220 with stoploss above 1225 and price objective at 1200 level. Silver COMEX Silver Hourly Chart Silver prices are trading lower, the short them bias is negative and we can see prices drifting down in coming hours. A break below the immediate support level of will turn bias negative and may see further decline. On ascent, resistance is set at mark and we may see prices gaining higher to test this level, in case prices fail to break the support of or reverse from here. Aluminum LME Aluminum Hourly Chart LME Aluminum prices are consolidating in a range after a downtrend and formed a symmetrical triangle on its hourly chart which is a sign of continuation pattern but sometimes it act as reversal for prices. Here chart shows that prices closed below the ascending line and likely to move down side to 1540 and 1530 mark in the following hours.

4 Crude Oil NYMEX Crude Oil Hourly Chart NYMEX Crude Oil is trading in a range and forming an M formation on its hourly chart. Chart depicts that prices are trading near the neckline of mark and an hourly close below the said mark would take prices down to and levels in the following days. On ascent, if prices hold the support of mark then it would move higher to mark. Pivot Points COMEX R3 R2 R1 Pivot S1 S2 S3 Gold Futures ($/troy oz) 1, , , , , , , Silver Futures ($/troy oz) Copper Futures (Cents/lb) NYMEX Crude Oil (Light Sweet) ($/bbl) Natural Gas ($/mmbtu) LME Aluminum 3 Month ($/ton) 1, , , , , , , Copper 3 Month ($/ton) 4, , , , , , , Lead 3 Month ($/ton) 1, , , , , , , Nickel 3 Month ($/ton) 8, , , , , , , Zinc 3 Month ($/ton) 1, , , , , , , MCX Gold (Rs/ten gms) 28, , , , , , , Silver (Rs/kg) 39, , , , , , , Crude Oil (Rs/bbl) 3, , , , , , , Natural Gas (Rs/mmBtu) Aluminum (Rs/kg) Copper (Rs/kg) Lead (Rs/kg) Nickel (Rs/kg) Zinc (Rs/kg)

5 COMMODITY EXCHANGE INC. (COMEX) WAREHOUSE AND DEPOSITORY STOCKS ( ) Metals and Energy Market Update COMMODITY Previous Total Today's Total Net Change Perc Change Gold 7,761, ,854, , Silver 154, , Copper 62, , LONDON METAL EXCHANGE (LME) WAREHOUSE STOCKS ( ) Name Opening Stock Delivery In Delivery Out Closing Stock Net Chg Warrants Cancelled W ALUMINIUM 2,534, ,900 2,529,100-4,900 1,397,100 1,132,000 COPPER 153, , ,725-2, ,600 48,125 LEAD 185, , ,775 73,700 NICKEL 402, , , , ,954 ZINC 383, , ,700-2, ,175 27,525 Exchange Traded Fund (ETF) Holdings (in troy ounces) Holdings (in tonnes) Net Change(ounces) Perc. Change SPDR Gold Trust (.GLD) ishares Silver Trust (.SLV) As of London Spot Gold vs. SPDR Gold Trust ETF London Spot Silver vs. ishares Silver Trust ETF

6 LME Prices vs. Warehouse stock and Cancelled Warrants (Weekly) Metals and Energy Market Update Aluminum Copper Lead Nickel Zinc

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