(28 th Sep- 2018) 1
Precious Metals 28 th -Sep-2018 MCX GOLD Daily Chart GOLD Commentary Gold prices dipped below the psychologically important $1,200 level on Thursday, finding little support after the Federal Reserve raised interest rates and indicated that it remains on track to continue monetary tightening into next year. Buy GOLD above 30425 TGT 30507 / 30598 SL 30324 Sell GOLD below 30223 TGT 30142 / 30050 SL 30324 DATA Watch: CANADA GDP m/m, CANADA RMPI m/m, US Core PCE Price Index m/m, US Personal Spending m/m, US Chicago PMI, US Revised UoM Consumer Sentiment. MCX SILVER Daily Chart SILVER Commentary The prospect of further interest rate increases and higher U.S. bond yields dampen appeal for the bullion, which offers no yield. They also tend to boost the dollar, making dollar-denominated gold more expensive for holders of other currencies. Buy SILVER above 37792 TGT 37924 / 38087 SL 37599 Sell SILVER below 37407 TGT 37274 / 37112 SL 37599 DATA Watch: CANADA GDP m/m, CANADA RMPI m/m, US Core PCE Price Index m/m, US Personal Spending m/m, US Chicago PMI, US Revised UoM Consumer Sentiment. 2
Energy 31 28 sth -July-2017 -Sep-2018 MCX CRUDE OIL Daily Chart CRUDE OIL Commentary Oil prices were hovering near the $82 a barrel level on Thursday, close to the four year highs reached earlier in the week amid fears of a supply shortage as the U.S. prepares to re-impose sanctions on Iran from Nov. 4. Buy CRUDE OIL above 4561 TGT 5273 & 5290 SL 5239 Sell CRUDE OIL below 5217 TGT 5205 & 5188 SL 5239 DATA Watch: CANADA GDP m/m, CANADA RMPI m/m, US Personal Spending m/m, US Chicago PMI, US Revised UoM Consumer Sentiment. MCX NATURAL GAS Daily Chart NATURAL GAS Commentary Natural Gas may expect a profit booking on higher levels. Buy NG above 227.2 TGT 229.5 & 232.1 SL 224.3 Sell NG below 221.4 TGT 219.1 & 216.5 SL 224.3 DATA Watch: Nil. 3
Base Metals 31 28 sth -July-2017 -Sep-2018 MCX COPPER Daily Chart COPPER Commentary Comex copper prices sank for the fourth consecutive session on Thursday September 27 morning in the US, with the Federal Reserve's latest rate hike lifting the dollar and sinking base metals. Buy COPPER above 451 TGT 453.05 / 455.4 SL 448.35 Sell COPPER below 445.7 TGT 443.65 / 441.3 SL 448.35 m/m, GBP MPC Member Ramsden Speaks, US Chicago PMI, US Revised UoM Consumer Sentiment. MCX ALUMINIUM Daily Chart ALUMINIUM Commentary The prices of base metals on the London Metal Exchange were mostly lower at the close of trading on Thursday September 27, with prices under pressure from a stronger dollar. Buy ALUMINIUM above 146.95 TGT 147.5 & 155.4 SL 146.2 Sell ALUMINIUM below 145.45 TGT 144.9 & 144.25 SL 146.2 m/m, GBP MPC Member Ramsden Speaks, US Chicago PMI, US Revised UoM Consumer Sentiment. 4
Base Metals 31 28 sth -July-2017 -Sep-2018 MCX LEAD Daily Chart LEAD Commentary Lead has witnessed a high volatility trade. Buy LEAD above 145.3 TGT 145.8 6 & 146.4 SL 144.6 Sell LEAD below 143.7 TGT 143.4 & 142.8 SL 144.6 MCX ZINC Daily Chart m/m, GBP MPC Member Ramsden Speaks, US Chicago PMI, US Revised UoM Consumer Sentiment. ZINC Commentary Zinc has witnessed a high volatility trade. Buy ZINC above 185.4 TGT 186.4 & 187.5 SL 184.2 Sell ZINC below 183 TGT 182 & 180.9 SL 184.2 MCX NICKEL Daily Chart m/m, US Chicago PMI, US Revised UoM Consumer Sentiment. NICKEL Commentary Nickel has witnessed a high volatility trade. Buy NICKEL above 911.8 TGT 916.6 & 922.1 SL 905.6 Sell NICKEL below 899.4 TGT 894.6 & 889.1 SL 905.6 GBP Final GDP q/q, EUR CPI Flash Estimate y/y, US Chicago PMI. 5
Pivot Table Morning & Economic Newsletter Calendar SUPPORTS & RESISTANCES 31 st -July-2017 28 th -Sep-2018 Commodity S3 S2 S1 Pivot Point R1 R2 R3 GOLD 30050 30142 30233 30324 30415 30507 30598 GOLDM 30043 30148 30252 30356 30460 30565 30669 SILVER 37112 37274 37437 37599 37762 37924 38087 SILVERM 37145 37305 37465 37625 37785 37945 38105 ALUMINIUM 144.25 144.9 145.55 146.2 146.85 147.5 148.15 COPPER 441.3 443.65 446 448.35 450.7 453.05 455.4 LEAD 142.8 143.4 144 144.6 145.2 145.8 146.4 ZINC 180.9 182 183.1 184.2 185.3 186.4 187.5 NICKEL 889.1 894.6 900.1 905.6 911.1 916.6 922.1 CRUDE OIL 5188 5205 5222 5239 5256 5273 5290 NATURAL GAS 216.5 219.1 221.7 224.3 226.9 229.5 232.1 ECONOMIC CALENDER Country Economic Event Forecast Previous Time GBP Current Account -19.4B -17.7B 2.00 PM GBP Final GDP q/q 0.4% 0.4% 2.00 PM CANADA GDP m/m 0.1% 0.0% 6.00 PM US Core PCE Price Index m/m 0.1% 0.2% 6.00 PM US Personal Spending m/m 0.3% 0.4% 6.00 PM US Chicago PMI 62.3 63.6 7.15 PM US Revised UoM Consumer Sentiment 100.5 100.8 7.30 PM 6
Morning Disclaimer Newsletter 31 st -July-2017 28 th -Sep-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