08-12 Oct.2018 COMMODITY WEEKLY REPORT OCTOBER 2018

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

2 COMMODITIES PREVIOUS WEEKS MOVEMENT(01-05 Oct ) MCX WEEK HIGH WEEK LOW VALUE CHANGED % CHANGED GOLD (DEC.) % SILVER (DEC.) % CRUDE OIL (OCT.) % NATURAL GAS (OCT.) % COPPER ( NOV.) % NICKEL (OCT.) % LEAD (OCT.) % ZINC (OCT.) % ALUMINIUM (OCT.) %

3 GOLD (DEC.) R BUY GOLD ON DIPS TGT 31200,31450 SL BELOW GOLD SELL ON RISE TGT 31300,31050 SL ABOVE OPEN R Pivot S HIGH LOW CLOSE CHANGE -883 S % CHANGE -2.87% FUNDAMENTAL VIEW:- PPrecious metal Prices Inch Up after weakest job report this year On Friday Gold prices were slightly higher, gold price rose in mcx 0.73 percent.u.s. Gold futures were up 0.3 percent at $ an ounce in us unemployment rate fell twotenth of percentage point to 3.7 percent, the lowest since December 1969 and one ten of a percentage point below expectations. Despite the weekly gain gold price have fallen more then 12 percent form a peak in April largely due to strength in the dollar, which has benefited form a vibrant U.S. economy, rising U.S. interest rate and fear of global trade war. The fear is that the increasing dollar price is going to cause a huge rout in the emerging market and investors want to hedge that risk. TECHNICAL VIEW:- MCX Gold last week showed strong bullish movement due to strong dollar and it also broke its bearish resistance line of as well as close around next resistance level i.e For upcoming trading session if price maintains above then it will remain continue with upward trend up to next resistance level of and if it takes reverse movement from resistance level then it can take some correction from higher to lower levels towards next support level of and after that will act as a next support level.

4 SILVER (DEC.) R BUY SILVER ABOVE TGT 38900,39700 SL BELOW SILVER SELL ON RISE TGT 38500,37700 SL ABOVE OPEN R HIGH Pivot S LOW CLOSE CHANGE -774 S % CHANGE -2.01% FUNDAMENTAL VIEW:- Silver Speculators Sharply Raised Their Bearish Net Positions This Week Large precious metals speculators continued to boost their bearish net positions in the Silver futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures contracts of Silver futures, traded by large speculators and hedge funds, totaled a net position of -28,974 contracts in the data reported through Tuesday September 4th. This was a weekly decline of -12,376 contracts from the previous week which had a total of -16,598 net contracts. TECHNICAL VIEW:- MCX Silver last week showed sideways to bullish movement and close around its upper key line i.e levels. For upcoming period if price breaks then it may test next important resistance level of On downward side it has initial support of and if price goes down then it will push for correction towards next support level of and below this level trend may also change

5 CRUDE OIL (OCT.) R BUY CRUDE OIL ON DIPS 5200 TGT 5320,5420 SL BELOW 5070 CRUDE OIL SELL ON RISE 5500 TGT 5400,5300 SL ABOVE 5630 OPEN 5344 R Pivot S S HIGH 5669 LOW 5325 CLOSE 5546 CHANGE -202 % CHANGE -3.78% FUNDAMENTAL VIEW:- Crude- oil trade in range-bound bearish sentiments takes over. Crude oil price trade range-bound on Friday crude oil price are higher because of only not demand & supply fundamental, but also on geopolitical uncertainty. Crude price at four-year high have consensus about demand. U.S. sanction against Iran's oil exports coming into effect in November, which is bullish for price supply of crude oil is looking worrisome, with Venezuela and Iran supporting to drive price higher. U.S. shale can partially make up difference, but the explosive growth from shale is starting to slow down, in part because of pipeline bottlenecks. TECHNICAL VIEW:- MCX Crude oil last week showed bullish movement and also broke its strong resistance level of 5400 and also closes above this level. For upcoming session it may give more upside movement and also test next major resistance level of 5650 and after that 5750 will be the next resistance level. On downward side it has immediate support of 5500 and below this level it may push for some correction from higher levels and price can slides towards next support level i.e

6 COPPER (NOV.) R BUY COPPER ON DIPS 445 T GT 455,465 SL BELOW 430 COPPER SELL ON RISE 458 TGT 448,438 SL ABOVE 473 OPEN 451 R Pivot S HIGH LOW CLOSE CHANGE S % CHANGE -1.23% FUNDAMENTAL VIEW:- On weekend base metal price inches down of dollar rally. Aluminium price down-falls on Friday from a 16- week high reached in previous session as investors began to question whether a plant producing the raw material alumina would close. Zinc, nickel, lead and copper also fell sharply as industrial metals were caught up in a wider sell-off of U.S. and European equities. Base metal is sideways to bearish trend uncertainty about how metal demand will be hit buy trade wars, rising us interest rate and a slowdown in china are weighing on industrial metal price TECHNICAL VIEW:- MCX Copper last week showed sideways to upward side movement and test 470 levels but unable to maintain above this level and comes down. For upcoming week it may take some correction from higher levels and price may test immediate support of 450 and below this level it will continue with bearish trend towards next support level i.e On higher side it has initial resistance of 465 and if price breaks this level then it may takes sharp recovery up to next resistance level of 475.

7 STATUS OF OUR LAST WEEK RECOMMENDATIONS ( Oct.2018) RECOMMENDATIONS PROFIT/LOSS STATUS BUY GOLD ON DIPS TGT 30500,30750 SL BELOW BOTH TGT ALMOST ACHIEVED, HIGH GOLD SELL ON RISE TGT 30500,30250 SL ABOVE NOT EXEUTED BUY SILVER ABOVE TGT 38700,39500 SL BELOW BOTH TGT ALMOST ACHIEVED, HIGH SILVER SELL ON RISE TGT 38300,37500 SL ABOVE CLOSED@ BUY CRUDE OIL ON DIPS 4900 TGT 5000,5100 SL BELOW NOT EXEUTED CRUDE OIL SELL ON RISE 5360 TGT 5260,5160 SL ABOVE SL TRIGGERED BUY COPPER ON DIPS 440 T GT 450,460 SL BELOW NOT EXEUTED COPPER SELL ON RISE 461 TGT 451,441 SL ABOVE ST TGT ALMOST ACHIEVED, LOW 452 TOTAL P&L

8 ECONOMIC CALENDER ime Cur. Event Actual Forecast Previous Monday, October 1, :00 USD Investing.com S&P 500 Index 63.60% 59.60% Wednesday, October 10, :00 USD Core PPI (MoM) (Sep) 0.20% -0.10% 18:00 USD PPI (MoM) (Sep) 0.20% -0.10% Thursday, October 11, :00 USD API Weekly Crude Oil Stock 0.907M 18:00 USD Core CPI (MoM) (Sep) 0.20% 0.10% 18:00 USD CPI (MoM) (Sep) 0.20% 0.20% 18:00 USD Initial Jobless Claims 206K 207K 20:30 USD Crude Oil Inventories 5.082M 7.975M 20:30 USD Cushing Crude Oil Inventories 1.699M 23:30 USD Federal Budget Balance B Friday, October 12, 2018 Tentative USD IEA Monthly Report 18:00 USD Export Price Index (MoM) (Sep) 0.20% -0.10% 18:00 USD Import Price Index (MoM) (Sep) 0.20% -0.60% 19:30 USD Michigan Consumer Expectations (Oct) :30 USD Michigan Consumer Sentiment (Oct) :30 USD U.S. Baker Hughes Oil Rig Count :00 USD Trade Balance (Aug) B B 18:00 USD Unemployment Rate (Sep) 3.80% 3.90% 22:30 USD U.S. Baker Hughes Oil Rig Count :00 USD PCE Deflator (MoM) 0.20% 0.10% 18:00 USD Personal Spending (MoM) (Aug) 0.30% 0.40% 19:15 USD Chicago PMI (Sep) :30 USD Michigan Consumer Sentiment (Sep) :30 USD U.S. Baker Hughes Oil Rig Count 866

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