26-30 Nov.2018 COMMODITY WEEKLY REPORT Nov.2018

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

2 COMMODITIES PREVIOUS WEEKS MOVEMENT(19-23 Nov ) MCX WEEK HIGH WEEK LOW VALUE CHANGED % CHANGED GOLD (DEC.) % SILVER (DEC.) % CRUDE OIL (DEC.) % NATURAL GAS (NOV.) % COPPER ( NOV.) % NICKEL (NOV.) % LEAD (NOV.) % ZINC (NOV.) % ALUMINIUM (NOV.) %

3 GOLD (DEC.) R BUY GOLD ON DIPS TGT 30600,3050 SL BELOW GOLD SELL ON RISE TGT 30600,30350 SL ABOVE OPEN R Pivot S HIGH LOW CLOSE CHANGE 515 S % CHANGE 1.66% FUNDAMENTAL VIEW:- Precious metal price slips, as fundamentals favor strong dollar Gold is drop down on Friday as the US dollar is strong from the Thanksgiving holiday gaining against most major pairs. Trade concerns have increased as the APEC summit once again highlighted how far apart The United State and China are on trade. Crude Oil prices suffered the most form the strength of the dollar, in comparison the yellow metal will remain attractive due to geopolitical risk ahead of a busy week. Gold price is also under pressure as despite some US fundamental hiccups the U.S. dollar remains supported by the U.S. Federal Reserve. TECHNICAL VIEW:- MCX Gold last week showed sideways to downward side movement and settles below levels. For upcoming period our bearish overview will remain valid if price sustains below and below this level will act as next strong support that is its bullish support line. On higher side it has strong resistance of and above this level price will push for some recovery from lower levels up to next resistance level of its bearish resistance line i.e levels.

4 SILVER (DEC.) R BUY SILVER ABOVE TGT 36550, SL BELOW SILVER SELL ON RISE TGT 36300,35500 SL ABOVE OPEN R Pivot S S HIGH LOW CLOSE CHANGE 945 % CHANGE 2.55% FUNDAMENTAL VIEW:- Silver Prices Pressured Market Melts Down Bearish outside market forces are working against the precious metals markets today, as the crude oil market is careening lower and the U.S. dollar index is not far below last week s 16-month high. Gold prices hit a four-week low overnight, while silver dropped to a six-week low. December gold futures were last down $11.70 an ounce at $1, December Comex silver was last down $0.193 at $ an ounce. TECHNICAL VIEW:- MCX Silver last week showed strong bearish movement and broke its important support level of as well as able to close below this level. For upcoming week it may continue with down trend towards next major support level of and upward side it has key resistance of its bullish trend line i.e levels and if price maintains above this level then it will takes quick recovery from lower to upper level and test next resistance of and after that trend may be change.

5 CRUDE OIL (NOV.) R BUY CRUDE OIL ON DIPS 3600 TGT 3700,3800 SL BELOW 3350 CRUDE OIL SELL ON RISE 3800 TGT 3700,3600 SL ABOVE 3950 OPEN 4120 R Pivot S S HIGH 4153 LOW 3574 CLOSE 3623 CHANGE 497 % CHANGE 12.06% FUNDAMENTAL VIEW:- Crude Oil's Black Friday, drop Down 10% in a Week Oil prices drop Down more than 6 percent on Friday, with Brent set for a 12-percent plunge this week, as fears that supply would overpower demand intensified, even as major crude-oil producers considered cutting production. Crude Oil supply, led by U.S. oil producers, is helping for growing faster than demand and to prevent a build-up of unused fuel such as the one that emerged in 2015, the OPEC Countries is expected to start trimming output after a meeting on Dec. 6.But this has done little so far to prop up prices, which have drop down more than 20 percent in November, in a 7-week streak of losses. TECHNICAL VIEW:- MCX Crude oil remains continue with its bearish trend and test its major support level of For upcoming trading session if price breached 3570 then our bearish overview will remain continue towards next support of 3470 and after that 3370 will be immediate support level. On upward side it has strong resistance level of 3800 and if price maintains above this level then price may teat next resistance of 3900 as well as takes sharp recovery from lower to higher side.

6 COPPER (NOV.) R BUY COPPER ON DIPS 417 TGT 437,447 SL BELOW 402 COPPER SELL ON RISE 438 TGT 428,418 SL ABOVE 453 OPEN R Pivot S HIGH LOW CLOSE CHANGE S % CHANGE 2.64% FUNDAMENTAL VIEW:- METALS-Nickel set for another weekly fall on supply surplus LME nickel fell on Friday, with the market on track for a five-day losing streak due to worries over supply surplus in 2019 and weaker demand from top consumer China.Other base metal prices also fell sharply on concerns that The United State-China trade talks next week could fail, leading to weaker economic growth.adding to the bearish mood for nickel was news that German chemicals giant BASF plans to use less of the base metal in its electric car batteries. Electric vehicles have been touted as a major new source of demand TECHNICAL VIEW:- MCX Copper last week took reverse movement from its bearish resistance line i.e. 435 levels and showed sideways to bearish movement as well as close around its support of 428. For upcoming session if price breaks and sustains below 428 then this bearish momentum can take price towards next support of 420 which is its major support line. On upward side it has resistance of 435 and above this level price may test next level of resistance i.e. 445 as well as trend may also change.

7 STATUS OF OUR LAST WEEK RECOMMENDATIONS ( NOV.2018) RECOMMENDATIONS PROFIT/LOSS STATUS BUY GOLD ON DIPS TGT 30950,31150 SL BELOW ST TGT HIT GOLD SELL ON RISE TGT 31100,30900 SL ABOVE NOT EXEUTED BUY SILVER ABOVE TGT 37400,38200 SL BELOW SL TRIGGERED SILVER SELL ON RISE TGT 37200,36400 SL ABOVE NOT EXEUTED BUY CRUDE OIL ON DIPS 4090 TGT 4190,4290 SL BELOW SL TRIGGERED CRUDE OIL SELL ON RISE 4250 TGT 4150,4050 SL ABOVE NOT EXEUTED BUY COPPER ON DIPS 437 TGT 447,457 SL BELOW ST TGT HIT COPPER SELL ON RISE 452 TGT 442,432 SL ABOVE NOT EXEUTED TOTAL P&L -8000

8 ECONOMIC CALENDER Time Cur. Event Actual Forecast Previous Tuesday, November 27, :00 USD CFTC S&P 500 speculative net positions 201.4K Tentative USD OPEC Meeting 19:30 USD S&P/CS HPI Composite - 20 n.s.a. (YoY) (Sep) 5.30% 5.50% 20:30 USD CB Consumer Confidence (Nov) Wednesday, November 28, :00 USD GDP (QoQ) (Q3) 3.50% 3.50% 19:00 USD Goods Trade Balance (Oct) B B 20:30 USD New Home Sales (MoM) (Oct) 4.50% -5.50% 20:30 USD New Home Sales (Oct) 578K 553K 21:00 USD Crude Oil Inventories 4.851M 21:00 USD Cushing Crude Oil Inventories M 22:30 USD FOMC Member Powell Speaks Thursday, November 29, :00 USD Core PCE Price Index (MoM) (Oct) 0.20% 0.20% 19:00 USD Initial Jobless Claims 219K 224K 19:00 USD Personal Spending (MoM) (Oct) 0.40% 0.40% 20:30 USD Pending Home Sales (MoM) (Oct) 0.50% 0.50% Friday, November 30, :30 USD FOMC Meeting Minutes 19:30 USD FOMC Member Williams Speaks 20:15 USD Chicago PMI (Nov) :30 USD U.S. Baker Hughes Total Rig Count 1,079

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