Commodity Research Report 03 October 2018 Ways2Capital

HIGH BROW MARKET RESEARCH INVESTMENT ADVISOR PVT. LTD.

2 Copyright © 2018 Ways2Capital. All rights reserved 01/10/2018
Market Wrap-Up
NCDEX Market Wrap-Up
Commodity Contract
Previous
Close
Open High Low Close
% Change
in Price
% Change in
Open Interest
% Change
in Volume
Currency Market Wrap-Up
Currency Pair Contract
Previous
Close
Open High Low Close
Change in
Price (in%)
MCX Market Wrap-Up
Commodity Contract
Previous
Close
Open High Low Close
% Change in
Price
% Change in
Open Inter-
est
% Change
in Volume
Continued…….
Aluminium 31-Oct-18 150.70 150.25 152.10 146.95 149.40 -0.86% -7.92% -12.59%
Copper 30-Nov-18 458.15 457.00 463.25 446.00 452.95 -1.13% 103.74% 60.46%
Crude Oil 19-Oct-18 5,146 5,150 5,356 5,150 5,335 3.67% -98.42% -87.56%
Gold 05-Oct-18 30582 30613 30892 30220 30481 -0.33% -5.23% -8.77%
Lead 31-Oct-18 148.40 148.00 151.00 143.90 148.25 -0.10% -18.37% 11.68%
Natural Gas 26-Oct-18 215.6 214.3 226.3 214.3 218 1.11% 31.15% -40.70%
Nickel 31-Oct-18 959.50 948.00 959.80 910.60 913.30 -4.82% -25.18% 15.25%
Silver 05-Dec-18 37590 37489 38634 37375 38577 2.63% 3.02% -10.67%
Zinc 31-Oct-18 183.40 182.10 194.50 181.60 191.80 4.58% 32.63% 29.19%
Castor Seed 16-Oct-18 4758.00 4745.00 4759.00 4649.00 4672.00 -1.81% 45.13% 3.01%
Chana 16-Oct-18 3947.00 3940.00 4104.00 3903.00 4094.00 3.72% 232.25% 2.08%
Dhaniya 16-Oct-18 5094.00 5095.00 5120.00 4830.00 4862.00 -4.55% 125.36% 1.04%
COCUDAKL 20-Dec-18 1693.50 1699.00 1715.00 1650.00 1659.50 -2.01% 58.02% 3.80%
Guargum5 16-Oct-18 9302.00 9300.00 9389.00 9066.00 9242.00 -0.65% 142.15% 2.32%
Guarseed10 16-Oct-18 4306.00 4314.00 4354.00 4216.00 4310.00 0.09% 75.16% 46.80%
Jeera 16-Oct-18 19410.00 19410.00 19490.00 18725.00 18770.00 -3.30% 34.88% 10.82%
RMseed 16-Oct-18 4226.00 4220.00 4244.00 4164.00 4181.00 -1.06% 9.29% 3.73%
Ref Soya Oil 16-Oct-18 734.10 734.90 753.80 734.90 746.50 1.69% 20.23% -11.80%
Soyabean 16-Oct-18 3358.00 3380.00 3388.00 3236.00 3249.00 -3.25% -43.05% 6.99%
Turmeric 16-Oct-18 6520.00 6558.00 6754.00 6462.00 6734.00 3.28% 165.02% 21.30%
Mentha Oil 31-Oct-18 1723.50 1719.90 1719.90 1612.40 1680.80 -2.48% -1.49% -11.54%
USDINR 29-Oct-18 72.4975 72.7250 73.2825 72.6325 72.7625 0.37%
GBPINR 29-Oct-18 95.7600 95.0650 96.4000 94.9500 95.0175 -0.78%
JPYINR 29-Oct-18 64.5025 64.6950 65.1975 64.2100 64.3000 -0.31%
EURINR 29-Oct-18 85.4825 85.7225 86.3450 84.4050 84.4525 -1.20%

International Market Wrap-up
Commodity Exchange
Previous
Close
Open High Low Close % Change in Price
Market Wrap-Up
Aluminium LME 2088.25 2075.75 2089.75 2015.75 2053.00 -1.69%
Copper COMEX 2.837 2.835 2.846 2.752 2.787 -1.76%
Crude Oil NYMEX 70.78 71.41 73.73 71.14 73.25 3.49%
Gold COMEX 1196.20 1202.10 1202.80 1180.00 1196.20 0.00%
Lead LME 2041.00 2046.50 2069.25 1973.00 2032.00 -0.44%
Natural Gas NYMEX 2.977 2.973 3.111 2.951 3.008 1.04%
Nickel LME 13262.50 13132.50 13222.50 12510.00 12547.50 -5.39%
Silver COMEX 14.269 14.250 14.555 14.120 14.623 2.48%
Zinc LME 2524.75 2505.50 2647.50 2482.00 2596.25 2.83%

Inventory Updates
LME Inventory
Commodity
Closing (As on 28th Sep 18)
In tones
Closing (As on 21st Sep 18)
in tones
% Change in Price
Continued…….
Aluminium 994625 1030200 -3.45%
Copper 209900 215000 -2.37%
Lead 116300 117175 -0.75%
Nickel 228870 232098 -1.39%
Zinc 203650 211800 -3.85%

Inventory Updates

Market Next Week
Currency Weekly Pivots
Currency Pair Contract R3 R2 R1 PP S1 S2 S3
Continued…….
Upcoming Economic Events Calender
Time Currency Event Forecast Previous
Monday, October 1, 2018
All Day China - National Day - -
14:00 GBP Manufacturing PMI (Sep) 52.5 52.8
19:15 USD Manufacturing PMI (Sep) 55.6 55.6
19:30 USD ISM Manufacturing Employment (Sep) - 58.5
19:30 USD ISM Manufacturing PMI (Sep) 60.3 61.3
Tuesday, October 2, 2018
11:30 GBP Nationwide HPI (MoM) (Sep) 0.20% -0.50%
14:00 GBP Construction PMI (Sep) 52.5 52.9
19:30 USD FOMC Member Quarles Speaks - -
Wednesday, October 3, 2018
14:00 GBP Services PMI (Sep) 54 54.3
17:45 USD ADP Nonfarm Employment Change (Sep) 185K 163K
19:15 USD Markit Composite PMI (Sep) 53.4 53.4
19:15 USD Services PMI (Sep) 52.9 52.9
19:30 USD ISM Non-Manufacturing PMI (Sep) 58.1 58.5
20:00 USD Crude Oil Inventories -1.279M 1.852M
Thursday, October 4, 2018
18:00 USD Initial Jobless Claims 210K 214K
18:45 USD FOMC Member Quarles Speaks - -
19:30 USD Cap Goods Ship Non Defense Ex Air (MoM) - -
19:30 USD Factory Orders (MoM) (Aug) 2.10% -0.80%
Friday, October 5, 2018
13:00 GBP Halifax House Price Index (MoM) (Sep) 0.20% 0.10%
18:00 USD Average Hourly Earnings (MoM) (Sep) 0.30% 0.40%
18:00 USD Exports - 211.08B
18:00 USD Imports - 261.20B
18:00 USD Nonfarm Payrolls (Sep) 185K 201K
18:00 USD Private Nonfarm Payrolls (Sep) 185K 204K
18:00 USD Trade Balance (Aug) -53.10B -50.10B
18:00 USD Unemployment Rate (Sep) 3.80% 3.90%
USDINR 29-Oct-18 74.2000 73.5500 73.1500 72.9000 72.5000 72.2500 71.6000
GBPINR 29-Oct-18 98.3500 96.9000 95.9500 95.4500 94.5000 94.0000 92.5500
JPYINR 29-Oct-18 66.5500 65.5500 64.9000 64.5500 63.9000 63.5500 62.5500
EURINR 29-Oct-18 88.9500 87.0000 85.7000 85.0500 83.7500 83.1000 81.1500

MCX Weekly Pivots
Commodity Contract R3 R2 R1 PP S1 S2 S3
NCDEX Weekly Pivots
Commodity Contract R3 R2 R1 PP S1 S2 S3
Market Next Week
Aluminium 31-Oct-18 159.80 154.65 152.05 149.50 146.90 144.35 139.20
Copper 30-Nov-18 488.55 471.30 462.10 454.05 444.85 436.80 419.55
Crude Oil 19-Oct-18 5692 5486 5411 5280 5205 5074 4868
Gold 05-Oct-18 31875 31203 30842 30531 30170 29859 29187
Lead 31-Oct-18 161.90 154.80 151.50 147.70 144.40 140.60 133.50
Natural Gas 26-Oct-18 243.55 231.55 224.80 219.55 212.80 207.55 195.55
Nickel 31-Oct-18 1026.30 977.10 945.20 927.90 896.00 878.70 829.50
Silver 05-Dec-18 40713 39454 39016 38195 37757 36936 35677
Zinc 31-Oct-18 215.10 202.20 197.00 189.30 184.10 176.40 163.50
Castor Seed 16-Oct-18 4913 4803 4738 4693 4628 4583 4473
Chana 16-Oct-18 4436 4235 4164 4034 3963 3833 3632
Dhaniya 16-Oct-18 5517 5227 5045 4937 4755 4647 4357
COCUDAKL 20-Dec-18 1804.85 1739.85 1699.70 1674.85 1634.70 1609.85 1544.85
Guargum5 16-Oct-18 9878 9555 9399 9232 9076 8909 8586
Guarseed10 16-Oct-18 4569.35 4431.35 4370.70 4293.35 4232.70 4155.35 4017.35
Jeera 16-Oct-18 20525 19760 19265 18995 18500 18230 17465
RMseed 16-Oct-18 4356 4276 4229 4196 4149 4116 4036
Ref Soya Oil 16-Oct-18 782.85 763.95 755.20 745.05 736.30 726.15 707.25
Soyabean 16-Oct-18 3595 3443 3346 3291 3194 3139 2987
Turmeric 16-Oct-18 7234 6942 6838 6650 6546 6358 6066
Mentha Oil 31-Oct-18 1886.1 1778.6 1729.7 1671.1 1622.2 1563.6 1456.1

BULLION
Gold prices dipped in the morning session with the dollar holding steady after
marking a near threeweek high in the previous session in the wake of the U.S. Fed-
eral Reserves plans last week for multiple interest rate hikes by 2020. Spot gold was
down 0.2 percent at $1,189.22 at the time of writing. The metal fell 0.8 percent in
September marking its sixth straight monthly decline and longest monthly losing
streak since January 1997. On Fridaygold touched its lowest since Aug. 17 at
$1,180.34 an ounce. U.S. gold futures were down 0.3 percent at $1,193.0 an ounce.
BASE METALS
ENERGY
MCX Fundamentals
Brent crude oil prices rose to their highest since November 2014 on Monday
ahead of U.S. sanctions against Iran the third largest producer in the Organization
of the Petroleum Exporting Countries (OPEC) that kick in next month. U.S. West
Texas Intermediate (WTI) crude futures were up 32 cents, or 0.4 percent, at
$73.57 a barrel. The Energy Information Administration released its report on US
natural gas storage showing a buildup of 46 billion cubic feet in the week ending
September 21 adding to the 86 billion increase in the previous week while ana-
lysts expected a 64B addition.
London metal prices eased on Monday amid evidence that the SinoU.S. trade dis-
pute impacted Chinas manufacturing activity last month and as a weeklong holiday
got under way in the country. Growth in Chinas manufacturing sector sputtered in
September as both external and domestic demand weakened two surveys showed
on Sunday raising the pressure on policymakers as U.S. tariffs appear to be inflicting
a heavier toll on the Chinese economy.

SPICES
NCDEX Fundamentals
OILSEEDS
GUAR COMPLEX
OTHERS
RM seed futures have stabilized in recent weeks after impact of NAFED sell-
ing has been discounted completely. Traders did not hear any fresh bearish
news on Friday and as sellers intentions weakened in mandis futures started
moving upward.Bearish trend was noted for Cotton / Kapas. Bearish reports
from USDA may limit upside moves as of now. Govt doubled import duty on
328 textile items to 20%. Rise in duties would give edge to domestic manu-
facturers as imported products are currently cheaper.
Jeer failed to hold onto the higher levels as markets faced strong Resistance at
the 19000 mark. The recent rains in parts of Gujarat and Rajasthan kept pros-
pects of improved sowing in October. Prices bounced back from the lower lev-
els for Turmeric as moderate recovery was noted. Falling stocks amidst a rise in
Festive season domestic demand and export demand with new crop arrivals
only in Decendall these factors could provide support to the prices that have
fallen a lot.
Mentha hit 4% Upper circuit during end of the week after showing a bearish
trend throughout last week as short covering amidst rise in demand at these
lower levels supported the market sentiments. Possibility of India to hike im-
port duty over edible oils shall be an obstacle against rise in prices in near
term. The near term trend for palm oil looks slightly bullish on anticipation of
production to grow slower than previous expectations. This in turn shall influ-
ence soya oil as both have strong positive correlation with each other.
Trend remained very volatile for Guar but some support was noted at the
lower levels with expected recovery likely. Prospects of fall in sowing area
amidst reports of crop damage in Rajasthan supported prices. However with
low rains reported in West Rajasthan and excess rains reported in East Rajast-
han market sources believe both these factors to be damaging for the crop.

From last couple of trading weeks market is trading in tight range of 150 to 142 and forming sideways trading range. On its daily
chart RSI moving in positive territory and printing above the level of 50 indicating short term positive movement in it. Last week
Lead made a high of 151 and closed at 148.20 with overall marginal loss of 0.10% on weekly basis. For this week, if it
breaks the level of 150.50 on the upper side then it can test the level of 156.00 during the week. One can make buy
position in it by maintaining a SL at 149.
Calls of the Week (MCX)
ALUMINIUM
LEAD
WEEKLY STRATEGY
PARTICULAR DETAILS
From last couple of trading days Aluminium is trading with positive sentiment with positive RSI and we are expecting
that Aluminium can continue its positive trend from this week also. Last week Aluminium made a high of 152.10 and
closed at 149.40 with overall marginal loss of 0.86% on weekly basis. Aluminum recently broken its downtrend resis-
tance trend line on upper side and sustaining above it indicating positive movement in it. For this week, if it breaks the
level of 152 on the upper side then it can test the level of 156.50 during the week. One can make buy position in it by
maintaining a SL at 150.40.
WEEKLY STRATEGY
PARTICULAR DETAILS
Action Buy
Entry Range Above 150.50
Target 156
SL 149
Action Buy
Entry Range Above 152
Target 156.50
SL 150.40

From last couple of trading days GUARSEED is trading in tight range of 4350 to 4250 and forming sideways trading
range. On its 4 hourly chart RSI moving in positive territory and printing near the level of 50 indicating short term posi-
tive movement in it. Last week GUARSEED made a high of 4354 and closed at 4310 with overall marginal gain of 0.09%
on weekly basis. For this week, if it breaks the level of 4355 on the upper side then it can test the level of 4485 during
the week. One can make buy position in it by maintaining a SL at 4299.
Calls of the Week (NCDEX)
DHANIYA
GUARSEED
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY STRATEGY
PARTICULAR DETAILS
Dhaniya is continuously trading with negative sentiment and trading below the support level of 5000. Last week
Dhaniya made a low of 4830 and closed at 4862 with overall marginal loss of 4.55% on weekly basis. On its daily chart
market is continuously forming lower highs and lower lows indicating negative trend in it. For this week, if it breaks the
level of 4800 on the lower side then it can test the level of 4670 during the week. One can make sell position in it by
maintaining a SL at 4855.
Action Sell
Entry Range Below 4800
Target 4670
SL 4855
Action Buy
Entry Range Above 4355
Target 4485
SL 4299

Calls of the Week (FOREX)
WEEKLY STRATEGY
PARTICULAR DETAILS
JPYINR
GBPINR
WEEKLY STRATEGY
PARTICULAR DETAILS
The primary trend of GBPINR is bullish on chart and from last couple of trading weeks GBPINR is trading with positive
sentiment with positive RSI. Last week GBPINR made a high of 96.4000 and closed at 95.0175 with overall marginal loss
of 0.78% on weekly basis. As last week we already seen profit booking on chart and we believe that market can con-
tinue its main trend this week also supported positive RSI. For this week, if it breaks the level of 95.5400 on the upper
side then it can test the level of 96.4525 during the week. One can make buy position in it by maintaining a SL at
95.1325
Action Buy
Entry Range Above 95.5400
Target 96.4525
SL 95.1325
On its four hourly chart JPYINR is trading in downtrend channel and forming reversal formation on lower levels indicat-
ing short term bounce back in it. Last week JPYINR made a low of 64.2100 and closed at 64.3000 with overall marginal
loss of 0.31% on weekly basis. On its daily chart market is supported by the level of 64.0000 and RSI still indicating posi-
tive movement in it. For this week, if it breaks the level of 64.4000 on the upper side then it can test the level of
64.9850 during the week. One can make buy position in it by maintaining a SL at 64.0825.
Action Buy
Entry Range Below 64.4000
Target 64.9850
SL 64.0825

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or views contained in this research report.
रयऩोटा ववश्रेषकों द्वाया तैमाय की गमी है जो द्वाया हाई ब्रो भाके ट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटेड द्वाया ननमुवत हैं | इस रयऩोटा भें व्मवत सबी ववचाय कं ऩनी के फाये भें व्मक्वतगत ववचायों को
दशााता है औय कं ऩननमों औय उनकी प्रनतबूनतमां औय ऺनतऩूनता (भुआवजे) का कोई टहस्सा, मा इस शोध रयऩोटा भें ननटहत ववशेष सुझावों मा ववचायों से प्रत्मऺ मा अप्रत्मऺ रूऩ से संफंधधत नहीं होगा।
DISCLOSURE IN TERMS OF CONFLICT OF INTEREST (टहतों के संघषा के भाभरे भें प्रकटीकयण ):
(a) High Brow Market Research Pvt. Ltd. or his associate or his relative has no financial interest in the subject company and the nature of such financial interest;
(अ) हाई ब्रो भाके ट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटेड मा उसके सहमोगी मा उनके ककसी बी तत्कार रयश्तेदाय की ववषम कं ऩनी भें कोई ववत्तीम रुधच नहीं है औय न ही इस तयह की ववत्तीम टहत की
प्रकृ नत है|
(b) High Brow Market Research Pvt. Ltd. or its associates or relatives, have no actual/beneficial ownership of one percent or more in the securities of the subject company,
(ब) हाई ब्रो भाके ट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटेड मा उसके सहमोगी मा उनके ककसी बी तत्कार रयश्तेदाय की ववषम कं ऩनी की प्रनतबूनतमों भें एक प्रनतशत मा उससे अधधक के वास्तववक / पामदेभंद
स्वालभत्व नहीं हैं |
(c) High Brow Market Research Pvt. Ltd. or its associate has no other material conflict of interest at the time of publication of the research report or at the time of public appearance;
(स) हाई ब्रो भाके ट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटेड मा उसके सहमोधगमों को अनुसंधान रयऩोटा के प्रकाशन के सभम मा सावाजननक रूऩ से उऩक्स्थत होने के सभम कोई अन्म बौनतक संघषा नहीं है|
DISCLOSURE IN TERMS OF COMPENSATION ( ऺनतऩूनता के संदबा भें प्रकटीकयण):
High Brow Market Research Investment Advisor Pvt. Ltd. policy prohibits its analysts, professionals reporting to analysts from owning securities of any company in the analyst's area of
coverage. Analyst compensation: Analysts are salary based permanent employees of High Brow Market Research Pvt. Ltd.
हाई ब्रो भाके ट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटेड की ऩॉलरसी अऩने ववश्रेषकों, ऩेशेवयों को ववश्रेषक के ऺेत्र भें ककसी बी कं ऩनी की प्रनतबूनतमों के स्वाभी से ववश्रेषकों को रयऩोटा कयने से योकती है।
ववश्रेषक ऺनतऩूनता : ववश्रेषक हाई ब्रो भाके ट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटेड के वेतन आधारयत स्थामी कभाचायी है |
DISCLOSURE IN TERMS OF PUBLIC APPEARANCE (सावाजननक प्रकटन के भाभरे भें प्रकटीकयण ) :
(a) High Brow Market Research Pvt. Ltd. or its associates have not received any compensation from the subject company in the past twelve months;
(अ) हाई ब्रो भाके ट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटेड मा उसके सहमोगीमों ने वऩिरे 12 भहीनों भें ववषम कं ऩनी से कोई भुआवजा प्राप्त नहीं ककमा है |
(b) The subject company is not now or never a client during twelve months preceding the date of distribution of the research report.
(ब) अनुसंधान रयऩोटा के ववतयण की नतधथ से ऩूवा फायह भहीनों के दौयान ववषम कं ऩनी अफ मा कबी बी ग्राहक नहीं यही है।
(c ) High Brow Market Research Pvt. Ltd. or its associates has never served as an officer, director or employee of the subject company;
(स) हाई ब्रो भाके ट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटेड मा उसके सहमोगीमों ने ववषम कं ऩनी के अधधकायी, ननदेशक मा कभाचायी के रूऩ भें कबी बी काभ
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Commodity Research Report 03 October 2018 Ways2Capital

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Commodity Research Report 03 October 2018 Ways2Capital