COMMODITY REPORT 5 FEB-9 Feb 2018 Monday - Friday Trade House 426 Alok Nagar, Kanadia Main Road Near Bangali Square Indore-452001 (M.P.) India Mobile :+91-9039261444 E-mail: info@tradenivesh.in
COMMODITIES PREVIOUS WEEKS MCX 26-01-2018 CLOSING PRICE 2-02-2018 CLOSING PRICE VALUE CHANGED % CHANGED GOLD (APR) 30357 30312-45 -0.15% SILVER (MARC) 39959 38630-1329 -3.33% CRUDE OIL (FEB.) 4188 4197 9 0.21% NATURAL GAS (Feb.) 199.90 184.80-15.1-7.55% COPPER ( Feb.) 452 452.90 0.9 0.20% NICKEL (Feb.) 467 867.40 400.4 85.74% LEAD (Feb.) 164.10 171.80 7.7 4.69% ZINC (Feb.) 221.40 226.25 4.85 2.19% ALUMINIUM (Feb.) 141.60 141.80 0.2 0.14% 2
GOLD (APR.) R3 31800 R2 31050 R1 30690 Pivot 30280 S1 29930 S2 29530 S3 28770 GOLD (APR.) LEVEL TGT-1 TGT-2 STOP LOSS BUY IN RANGE 30270-300 30680 310000 29900 SELL BELOW 29900 29500 28800 30300 OPEN 30051 HIGH 30639 LOW 29883 CLOSE 30336 CHANGE -45 % CHANGE -0.15% FUNDAMENTAL VIEW:- Gold prices eased in Asia last week despite a stronger reading on the consumer-demand side in China as sentiment on the dollar is weighed with a steeper yield curve. Gold futures for April delivery fell 0.28% to $1,333.60 on the Comex division of the New York Mercantile Exchange. The US dollar index fell 0.04% to 89.00. TECHNICAL VIEW:- MCX Gold last week showed sideways to bullish movement and closed around its resistance level of 30500. For upcoming session if price maintains above 30500 then it may give more upside movement up to next resistance level of 30800. On lower side it has support of its lower trend line i.e. nearby 30000 levels and if it breaks this level and sustains on lower side then it may take some correction from upper to lower side towards next support level of 29700. 3
SILVER MARCH R3 41730 R2 40300 R1 39500 Pivot 38900 S1 38100 S2 37600 SILVER(MAR..) LEVEL TGT-1 TGT-2 STOP LOSS BUY IN RANGE 38100-200 38900 39500 37500 SELL BELOW 37500 37000 36200 38200 OPEN 39850 HIGH 39850 LOW 38475 CLOSE 38630 CHANGE -1329 S3 36230 % CHANGE -3.33% FUNDAMENTAL VIEW:- Precious metals trading, silver dropped 3.5% to $16.55 a troy ounce and recorded a 4.77% weekly decline. precious metals trading, silver dropped 3.5% to $16.55 a troy ounce and recorded a 4.77% weekly decline.compiled a list of these and other significant events likely to affect the markets. TECHNICAL VIEW:- MCX Silver last week was volatile but at the end of week it took reverse movement from its upper trend line and give good bearish movement and able to closed around support level of 38400. For upcoming week it may give more down side movement if it breaks support level of 38400 and price sustains below this level then it drag down toward next important support level i.e. 37800. On upward side it has major resistance level of 39300 and if price maintains above this level then it may give bullish movement and test next resistance level of 40000. 4
CRUDE (FEB.) R3 4600 R2 4400 R1 4300 Pivot 4180 S1 4080 S2 3970 CRUDE (FEB) LEVEL TGT-1 TGT-2 STOP LOSS BUY ABOVE 4180 4300 4400 4080 SELL BELOW 4080 3970 3750 4180 OPEN 4210 HIGH 4271 LOW 4063 CLOSE 4197 CHANGE 9 S3 3760 % CHANGE 0.21% FUNDAMENTAL VIEW:- Crude oil pries fell in Asia last week with risk off sentiment weighing on a dip in regional equities and futures pointing to a weaker US open.west Texas Intermediate (WTI) crude futures for March delivery fell 0.81% to $64.92 a barrel. ICE April Brent crude futures, the benchmark for oil prices outside the U.S., dipped 0.87% to $67.98 a barrel.last week, oil prices finished lower on Friday to tally a loss for the week, as traders weighed a steady increase in U.S. output against OPEC's ongoing efforts to drain the market of excess supplies. TECHNICAL VIEW:- MCX Crude oil last week was volatile. For upcoming session it may give some lower side movement if it breaks its support of lower trend line i.e. 4100 levels and if price sustains below this level then it can test next major support level of 4000 and it continues with bearish trend. On upward side it has important resistance level of 4200 and if price maintains above this level then it will give some recovery from lower to upward side up to next resistance level of 4300. 5
COPPER (FEB.) R3 457 R2 468 R1 461 Pivot 452 S1 445 S2 437 COPPER (FEB) LEVEL TGT-1 TGT-2 STOP LOSS BUY IN RANGE 451-53 461 470 443 SELL BELOW 443 437 422 453 OPEN 456.50 HIGH 460.70 LOW 445.30 CLOSE 452.90 CHANGE 0.9 S3 422 % CHANGE 0.20% FUNDAMENTAL VIEW:- Copper for March delivery was down 0.84% at $3.182 in late trade.in the week ahead, investors will be looking to political wrangling in Washington over the country s finances ahead of the Feb. 8 spending deadline and the debt ceiling issue. TECHNICAL VIEW:- MCX Copper last week was volatile and able to close around its upper trend line which is near by 450 levels. For upcoming week it may give up side movement and test major resistance level of 460 and after that 466 will act as a next important resistance level. On downward side it has crucial support level of 445 and if price sustains below this level then it can give some more bearish movement towards next support level of its lower trend line i.e.437 levels. 6
NATURAL GAS (FEB.) R3 243 R2 217 R1 201 Pivot 191 S1 175 S2 166 S3 140 N.GAS(FEB..) LEVEL TGT-1 TGT-2 STOP LOSS BUY IN RANGE 175-76 185 200 165 SELL BELOW 165 155 140 176 OPEN 199.50 HIGH 208 LOW 182.40 CLOSE 184.80 CHANGE -15.1 % CHANGE -7.55% FUNDAMENTAL VIEW:- Natural gas futures declined last week and falling to the lowest levels of the session after data showed that domestic supplies in storage fell less than forecast last week.front-month U.S. natural gas futures sank 14.2 cents, or around 4.7%, to $2.853 per million British thermal units (btu) by 10:32AM ET (1532GMT), the weakest level since Jan. 9. Futures were at around $2.888 prior to the release of the supply data. TECHNICAL VIEW :- Natural gas is trading on buy zone. Now It s trading range is 180 210 7
STATUS OF OUR LAST RECOMMENDATIONS RECOMMENDATIONS PROFIT/LOSS STATUS BUY GOLD IN RANGE 30150-200 TGT-30500-30900 SL BELOW-29800 35000 1ST TGT SELL GOLD BELOW 29800 TGT-29400-28800 SL ABOVE-30200 0 NOT EXECUTED BUY SILVER IN RANGE 39400-600 TGT-40500-41700 SL BELOW-38600-24000 SL TRIGGERED SELL SILVER BELOW 38600-TGT 37800-36600 SL ABOVE-39600 0 COST EXIT BUY CRUDEOIL ABOVE 4140-60 TGT-4250-4350 SL BELOW-4060 10800 1ST TGT 4248 SELL CRUDEOIL BELOW 4060 TGT-3950-3750 SL ABOVE-4160 0 NOT EXECUTED BUY COPER IN RANGE 449-51 TGT-460-470 SL BELOW 440 10000 1ST TGT SELL COPPER BELOW 440 TGT-431-412 SL ABOVE-451 0 NOT EXECUTED BUY NATURALGAS ABOVE 204 TGT-214-228 SL BELOW-186-17500 SL TRIGGERED SELL NATURALGAS BELOW 186 TGT-178-160 ABOVE-204 0 CLOSE AT COST NET PROFIT 14300 14300 8
ECONOMIC CALENDER Time Cur. Event Forecast Previous Tuesday, January 30, 2018 20:30 USD CB Consumer Confidence (Jan) 123 122.1 Wednesday, January 31, 2018 07:30 USD U.S. President Trump Speaks 18:45 USD ADP Nonfarm Employment Change (Jan) 191K 250K 20:30 USD Pending Home Sales (MoM) (Dec) 0.50% 0.20% 21:00 USD Crude Oil Inventories -1.600M -1.071M Thursday, February 1, 2018 00:30 USD FOMC Statement 00:30 USD Fed Interest Rate Decision 1.50% 1.50% 20:30 USD ISM Manufacturing PMI (Jan) 58.9 59.3 21:00 USD Natural Gas Storage -288B Friday, February 2, 2018 19:00 USD Nonfarm Payrolls (Jan) 184K 148K 19:00 USD Unemployment Rate (Jan) 4.10% 4.10% 9
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