(3 rd Aug- 2018) 1
Precious Metals 3 rd -Aug-2018 MCX GOLD Daily Chart GOLD Commentary Gold prices were down on Thursday as the dollar strengthened amid trade worries. Buy GOLD above 29667 TGT 29702 / 29746 SL 29613 Sell GOLD below 29559 TGT 29525 / 29480 SL 29613 DATA Watch: CANADA Trade Balance, US Average Hourly Earnings m/m, US Non-Farm Employment Change, US Unemployment Rate, US ISM Non-Manufacturing PMI. MCX SILVER Daily Chart SILVER Commentary Bullion becomes more expensive for holders of other currencies when the dollar rises and cheaper when it falls. Buy SILVER above 38055 TGT 38109 / 38192 SL 37941 Sell SILVER below 37827 TGT 37774 / 37690 SL 37941 DATA Watch: CANADA Trade Balance, US Average Hourly Earnings m/m, US Non-Farm Employment Change, US Unemployment Rate, US ISM Non-Manufacturing PMI. 2
Energy 31 3 rd st -Aug-2018 -July-2017 MCX CRUDE OIL Daily Chart CRUDE OIL Commentary Oil prices rebounded on Thursday, breaking a two-day losing streak, although concerns of escalating supply continued to cap gains. Buy CRUDE OIL above 4792 TGT 4830 & 4873 SL 4744 Sell CRUDE OIL below 4696 TGT 4658 & 4615 SL 4744 DATA Watch: CANADA Trade Balance, US Average Hourly Earnings m/m, US Non-Farm Employment Change, US Unemployment Rate. MCX NATURAL GAS Daily Chart NATURAL GAS Commentary Natural Gas Price Moves Higher on Small Increase to Storage. Buy NG above 196.1 TGT 197.3 & 198.8 SL 194.3 Sell NG below 192.5 TGT 191.3 & 189.8 SL 194.3 DATA Watch: Nil. 3
Base Metals 31 3 rd st -Aug-2018 -July-2017 MCX COPPER Daily Chart COPPER Commentary Comex copper prices have extended the latest downturn and are now trading at the lowest point since June 20 on Thursday August 2 morning in the US, due to another round of trade worries. Buy COPPER above 418.7 TGT 419.95 / 421.5 SL 416.85 Sell COPPER below 415 TGT 413.75 / 412.2 SL 416.85 DATA Watch: GBP Services PMI, US Average Hourly Earnings m/ m, US Non-Farm Employment Change, US Unemployment Rate. MCX ALUMINIUM Daily Chart ALUMINIUM Commentary Base metals on the London Metal Exchange finished mostly lower at the close of trading on Thursday August 2, pressured by the re-emergence of trade tensions between the United States and China in addition to a seasonal slowdown over the summer period. Buy ALUMINIUM above 140 TGT 140.45 & 141 SL 139.35 Sell ALUMINIUM below 138.7 TGT 138.25 & 137.7 SL 139.35 DATA Watch: GBP Services PMI, US Average Hourly Earnings m/m, US Non-Farm Employment Change, US Unemployment Rate. 4
Base Metals 31 3 rd st -Aug-2018 -July-2017 MCX LEAD Daily Chart LEAD Commentary Lead has witnessed a mild short covering. Buy LEAD above 147.25 TGT 147.95 & 148.95 SL 146.35 Sell LEAD below 145.45 TGT 144.75 & 143.95 SL 146.35 DATA Watch: GBP Services PMI, US Average Hourly Earnings m/m, US Non-Farm Employment Change, US Unemployment Rate. MCX ZINC Daily Chart ZINC Commentary Zinc has witnessed a mild short covering. Buy ZINC above 179.15 TGT 180.15 & 181.25 SL 177.95 Sell ZINC below 176.75 TGT 175.75 & 174.65 SL 177.95 DATA Watch: GBP Services PMI, US Average Hourly Earnings m/m, US Non-Farm Employment Change, US Unemployment Rate. MCX NICKEL Daily Chart NICKEL Commentary Nickel has witnessed a volatility trade. Buy NICKEL above 921.3 TGT 924.3 & 928.3 SL 916.3 Sell NICKEL below 910.3 TGT 908.3 & 904.3 SL 916.3. DATA Watch: GBP Services PMI, US Average Hourly Earnings m/ m, US Non-Farm Employment Change, US Unemployment Rate. 5
Pivot Table Morning & Economic Newsletter Calendar SUPPORTS & RESISTANCES 31 st -July-2017 3 rd -Aug-2018 Commodity S3 S2 S1 Pivot Point R1 R2 R3 GOLD 29480 29525 29569 29613 29657 29702 29746 GOLDM 30407 30452 30496 30541 30586 30631 30675 SILVER 37690 37774 37857 37941 38025 38109 38192 SILVERM 37697 37789 37880 37971 38062 38154 38245 ALUMINIUM 137.7 138.25 138.8 139.35 139.9 140.45 141 COPPER 412.2 413.75 415.3 416.85 418.4 419.95 421.5 LEAD 143.95 144.75 145.55 146.35 147.15 147.95 148.75 ZINC 174.65 175.75 176.85 177.95 179.05 180.15 181.25 NICKEL 904.3 908.3 912.3 916.3 920.3 924.3 928.3 CRUDE OIL 4615 4658 4701 4744 4787 4830 4873 NATURAL GAS 189.8 191.3 192.8 194.30 195.8 197.3 198.8 ECONOMIC CALENDER Country Economic Event Forecast Previous Time GBP Services PMI 54.7 55.1 2.00 PM CANADA Trade Balance -2.3B -2.8B 6.00 PM US Average Hourly Earnings m/m 0.3% 0.2% 6.00 PM US Non-Farm Employment Change 190K 213K 6.00 PM US Unemployment Rate 3.9% 4.0% 6.00 PM US ISM Non-Manufacturing PMI 58.6 59.1 6.00 PM 6
Morning Disclaimer Newsletter 31 st -July-2017 3 rd -Aug-2018 RESEARCHED & PREPARED BY B.KESAVAMOORTHY SENIOR MANAGER (RESEARCH ) CONTACT NO: 0422-4700840 EMAIL 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