Commodity Research Report 21 August 2018 Ways2Capital

HIGH BROW MARKET RESEARCH INVESTMENT ADVISOR PVT. LTD.

2 Copyright © 2018 Ways2Capital. All rights reserved 20/08/2018
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%)
Continued…….
MCX Market Wrap-Up
Commodity Contract
Previous
Close
Open High Low Close
% Change in
Price
% Change in
Open Inter-
est
% Change
in Volume
Aluminium 31-Aug-18 143.75 144.30 146.00 140.85 141.90 -1.29% -3.97% -47.10%
Copper 31-Aug-18 419.60 419.50 426.00 402.55 407.65 -2.85% 8.54% 1.85%
Crude Oil 19-Sep-18 4,642 4,650 4,755 4,526 4,571 -1.53% -21.84% -4.35%
Gold 05-Oct-18 29783 29826 29893 29268 29349 -1.46% 4.36% -13.26%
Lead 31-Aug-18 144.9 144.5 148.45 138.75 139.4 -3.80% -3.25% 33.51%
Natural Gas 28-Aug-18 203.2 203.5 208.4 202.7 206.6 1.67% 3.28% 24.41%
Nickel 31-Aug-18 952.5 957.6 968.5 915 946.6 -0.62% -6.82% 10.78%
Silver 05-Sep-18 37968 38040 38159 36423 36778 -3.13% 6.45% -15.59%
Zinc 31-Aug-18 176.40 177.25 178.45 163.80 168.00 -4.76% 19.66% 7.23%
Castor Seed 19-Sep-18 4714.00 4699.00 4723.00 4564.00 4658.00 -1.19% -2.78% -14.11%
Chana 19-Sep-18 4288.00 4275.00 4401.00 4268.00 4325.00 0.86% -10.75% -65.32%
Dhaniya 19-Sep-18 5029.00 5029.00 5060.00 4828.00 4884.00 -2.88% -2.32% -57.69%
COCUDAKL 19-Sep-18 1796.50 1810.00 1850.00 1731.00 1776.50 -1.11% -2.86% -52.90%
Guargum5 16-Oct-18 9847.00 9802.00 9997.00 9370.00 9882.00 0.36% 0.96% 22.86%
Guarseed10 16-Oct-18 4572.50 4594.00 4643.50 4355.00 4601.00 0.62% 5.87% 38.09%
Jeera 19-Sep-18 19840.00 19820.00 20040.00 19420.00 19880.00 0.20% -6.55% -43.49%
RMseed 19-Sep-18 4143.00 4126.00 4195.00 4111.00 4188.00 1.09% -19.16% -33.57%
Ref Soya Oil 19-Sep-18 737.40 734.70 740.90 726.00 739.35 0.26% 4.40% -21.17%
Soyabean 16-Oct-18 3382.00 3360.00 3383.00 3282.00 3371.00 -0.33% -0.01% 70.59%
Turmeric 19-Sep-18 7188.00 7190.00 7200.00 6950.00 6978.00 -2.92% -2.37% -68.19%
Mentha Oil 31-Aug-18 1633.70 1620.00 1695.00 1610.00 1648.80 0.92% -3.93% -55.06%
USDINR 29-Aug-18 68.9925 69.7072 70.4925 69.5225 70.3100 1.91%
GBPINR 29-Aug-18 88.1875 88.0200 89.7925 88.0200 89.3700 1.34%
JPYINR 29-Aug-18 62.2375 63.0300 63.5925 62.5000 63.4375 1.93%
EURINR 29-Aug-18 79.2175 79.1000 80.2500 78.7500 80.0150 1.01%

International Market Wrap-up
Commodity Exchange
Previous
Close
Open High Low Close % Change in Price
Market Wrap-Up
Aluminium LME 2092.50 2081.00 2094.25 2007.50 2033.75 -2.81%
Copper COMEX 2.732 2.713 2.733 2.562 2.660 -2.64%
Crude Oil NYMEX 67.63 67.78 68.37 64.43 65.91 -2.54%
Gold COMEX 1211.10 1207.00 1207.40 1161.40 1191.80 -1.59%
Lead LME 2099.00 2095.25 2124.75 1921.50 2001.50 -4.65%
Natural Gas NYMEX 2.944 2.936 2.974 2.891 2.946 0.07%
Nickel LME 13812.50 13765.00 13895.00 12770.00 13552.50 -1.88%
Silver COMEX 15.266 15.240 15.240 14.395 14.775 -3.22%
Zinc LME 2540.25 2534.75 2552.25 2285.50 2380.25 -6.30%

Inventory Updates
LME Inventory
Commodity
Closing (As on 17thAug18)
In tones
Closing (As on 10thAug18)
in tones
% Change in Price
Continued…….
Aluminium 1124150 1154050 -2.59%
Copper 257400 252625 1.89%
Lead 125400 123575 1.48%
Nickel 247548 249720 -0.87%
Zinc 252250 231125 9.14%

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
Tuesday, August 21, 2018
15:30 GBP CBI Industrial Trends Orders (Aug) 9 11
Tentative USD OPEC Meeting
Wednesday, August 22, 2018
2:00 USD API Weekly Crude Oil Stock 3.660M
Tentative GBP Inflation Report Hearings
19:30 USD Existing Home Sales (MoM) (Jul) 1.20% -0.60%
19:30 USD Existing Home Sales (Jul) 5.40M 5.38M
20:00 USD Crude Oil Inventories 6.805M
23:30 USD FOMC Meeting Minutes
Thursday, August 23, 2018
18:00 USD Initial Jobless Claims 215K 212K
19:15 USD Manufacturing PMI (Aug) 55.1 55.3
19:15 USD Markit Composite PMI 55.7
19:15 USD Services PMI (Aug) 56.2 56
19:30 USD New Home Sales (Jul) 645K 631K
19:30 USD New Home Sales (MoM) (Jul) 2.50% -5.30%
Friday, August 24, 2018
14:00 GBP Gross Mortgage Approvals 40.5K
18:00 USD Cap Goods Ship Non Defense Ex Air (MoM) 0.80%
18:00 USD Core Durable Goods Orders (MoM) (Jul) 0.50% 0.20%
18:00 USD Durable Goods Orders (MoM) (Jul) -0.80% 0.80%
USDINR 29-Aug-18 72.0500 71.0500 70.7000 70.1000 69.7000 69.1500 68.1500
GBPINR 29-Aug-18 92.6000 90.8000 90.1000 89.0500 88.3000 87.3000 85.5000
JPYINR 29-Aug-18 65.4000 64.3000 63.9000 63.2000 62.8000 62.1000 61.0000
EURINR 29-Aug-18 82.6500 81.1500 80.5500 79.6500 79.0500 78.1500 76.6500

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-Aug-18 153.20 148.05 144.95 142.90 139.80 137.75 132.60
Copper 31-Aug-18 458.95 435.50 421.55 412.05 398.10 388.60 365.15
Crude Oil 19-Sep-18 5075 4846 4709 4617 4480 4388 4159
Gold 05-Oct-18 30753 30128 29739 29503 29114 28878 28253
Lead 31-Aug-18 161.60 151.90 145.65 142.20 135.95 132.50 122.80
Natural Gas 28-Aug-18 217.30 211.60 209.10 205.90 203.40 200.20 194.50
Nickel 31-Aug-18 1050.35 996.85 971.70 943.35 918.20 889.85 836.35
Silver 05-Sep-18 40592 38856 37817 37120 36081 35384 33648
Zinc 31-Aug-18 197.05 188.15 182.30 179.25 173.40 170.35 161.45
Castor Seed 19-Sep-18 4966 4807 4733 4648 4574 4489 4330
Chana 19-Sep-18 4597 4464 4395 4331 4262 4198 4065
Dhaniya 19-Sep-18 5388 5156 5020 4924 4788 4692 4460
COCUDAKL 19-Sep-18 2023.85 1904.85 1840.70 1785.85 1721.70 1666.85 1547.85
Guargum5 16-Oct-18 11004 10377 10129 9750 9502 9123 8496
Guarseed10 16-Oct-18 5110.15 4821.65 4711.30 4533.15 4422.80 4244.65 3956.15
Jeera 19-Sep-18 21020.00 20400.00 20140.00 19780.00 19520.00 19160.00 18540.00
RMseed 19-Sep-18 4333 4249 4218 4165 4134 4081 3997
Ref Soya Oil 19-Sep-18 765.20 750.30 744.80 735.40 729.90 720.50 705.60
Soyabean 16-Oct-18 3547 3446 3409 3345 3308 3244 3143
Turmeric 19-Sep-18 7543 7293 7135 7043 6885 6793 6543
Mentha Oil 31-Aug-18 1821.3 1736.3 1692.5 1651.3 1607.5 1566.3 1481.3

BULLION
Gold prices edged higher in early trade on Friday as dollar held steady but the
metal remained on track to post its biggest weekly decline since May 2017. Spot
gold rose 0.3 percent at $1,177.38 an ounce. In the previous session the metal hit a
19-month low at $1,159.96. The metal was down 2.8 percent for the week and set
to record a sixth consecutive weekly decline. U.S. gold futures were unchanged at
$1,184 an ounce .
BASE METALS
London copper prices ticked lower on Friday shedding last session's gains which
were triggered by reports of Washington Beijing trade talks and a recovery in Tur-
key's currency. The benchmark copper on the LME was down 0.3 percent at
$5,920.50 a tonne after climbing more than 2 percent in the last session, while
most-traded contract on the Shanghai Futures Exchange added 0.3 percent to
47,870 Yuan ($6,965.34) a tonne.
ENERGY
MCX Fundamentals
Oil prices fell on Friday with U.S. crude heading for a seventh weekly decline amid
increasing concerns about slowing global economic growth that could hit demand
for petroleum products. Brent crude oil futures were down 5 cents at $71.38 a
barrel. U.S. West Texas Intermediate (WTI) crude futures dropped 4 cents to
$65.42 a barrel.
Natural gas September futures fell nearly one percent to $2.91 per million British
thermal units marking August 8 lows while the dollar index inched down 0.05% to
96.65 against a basket of major rivalswhile still near 14-month highs hit recently.

SPICES
NCDEX Fundamentals
OILSEEDS
GUAR COMPLEX
OTHERS
Soy bean was positive yesterday amid positive global cues. In near term fur-
ther strengthening of international markets and adverse Monsoon reports
could lend support to the prices as the week comes to an end. Reports of
fresh buying interest and nominal export query for soy meal kept trend up-
wards. Demand prospects is likely to improve in near term at these lower
levels.
Jeera kept trading with high volatility with prices bouncing back after the re-
cent dips. Short term trend still looks volatile with traders waiting for some dips
before initiating fresh demand in mandis. Even as overall sentiments remained
firm on rising export and incoming Festive season domestic demand amidst
falling stocks in Indian and International markets some more short term dips
are not ruled out as traders wait for corrections before initiating fresh demand
in the mandis.
Overall sentiments remained firm for Mentha even as prices found immedi-
ate Resistance at these levels on rising demand and falling arrivals. With har-
vesting getting over the export and domestic demand for the new crop is on
the rise. This could support prices in the medium to long term. Rains in grow-
ing regions of UP have reportedly adversely affected harvesting process lead-
ing to firm prices.
Markets shot up for Guar as it touched the psychological 10,000 mark on
strong fundamentals. Lower sowing area amidst lower rains in Rajasthan, firm-
ness in Crude oil prices and in Dollar Vs Rupee kept trend up for Guar. Lower
export figures so far are however keeping up trend limited.

Last week Nickel open with negative sentiment buy found enough support near the level of 910. As we can see market
is facing support of important psychological number of 900 and we can expect bounce back from lower level. Last
week Nickel made a low of 915 and closed at 946.60 with overall marginal loss of 0.60% on weekly basis. For this week,
if it breaks the level of 950 on the upper side then it can test the level of 1020 during the week. One can make buy po-
sition in it by maintaining a SL at 938.
Calls of the Week (MCX)
ZINC
NICKEL
WEEKLY STRATEGY
PARTICULAR DETAILS
From last couple of trading weeks zinc is trading with negative sentiment. It made a low 163.80 and facing support
near the level of 165 and getting bounce back from lower level. Last week Zinc made a low of 163.80 and closed at 168
with overall marginal loss of 4.75% on weekly basis. On its hourly chart market is recently broken its resistance trend
line sustaining above it we positive RSI indicating positive trend for this week. For this week, if it breaks the level of
168.70 on the upper side then it can test the level of 175.50 during the week. One can make buy position in it by main-
taining a SL at 167.50
WEEKLY STRATEGY
PARTICULAR DETAILS
Action Buy
Entry Range Above 168.70
Target 175.50
SL 167.50
Action Buy
Entry Range Above 950
Target 1020
SL 938

Last week TMC made a low of 6950 and closed at 6978 with overall marginal loss of 3% on weekly basis. The secondary
trend of TMC is bullish on chart and market is facing support near the level of 7000 and forming double bottom forma-
tion on lower level indicating short term positive trend in it. For this week, if it breaks the level of 7080 on the upper
side then it can test the level of 7310 during the week. One can make buy position in it by maintaining a SL at 6980.
Calls of the Week (NCDEX)
DHANIYA
TURMERIC
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY STRATEGY
PARTICULAR DETAILS
Last week Dhaniya open with negative sentiment but found enough support near the level of 4800. Last week Dhaniya
made a low of 4828 and closed at 4884 with overall marginal loss of 2.88% on weekly basis. On its daily market is con-
tinuously trading above the level of 5000 with positive RSI indicating bounce back from lower level. For this week, if it
breaks the level of 4980 on the upper side then it can test the level of 5110 during the week. One can make buy posi-
tion in it by maintaining a SL at 4925.
Action Buy
Entry Range Above 7080
Target 7310
SL 6980
Action Buy
Entry Range Below 4980
Target 5110
SL 4925

Calls of the Week (FOREX)
WEEKLY STRATEGY
PARTICULAR DETAILS
GBPINR
USDINR
WEEKLY STRATEGY
PARTICULAR DETAILS
The secondary trend of USDINR is negative on chart and 70.000 level reacted as a strong resistance zone for USDINR.
From higher level we can see some profit booking in it and market can correct it. Last week USDINR made a high of
70.4925 and closed at 70.3100 with overall marginal gain of 1.91% on weekly basis. For this week, if it breaks the level
of 69.8500 on the lower side then it can test the level of 69.3525 during the week. One can make sell position in it by
maintaining a SL at 70.2025.
Action Sell
Entry Range Below 89.0800
Target 88.5025
SL 89.4025
Action Sell
Entry Range Above 69.8500
Target 69.3525
SL 70.2025
From last couple of trading week GBPINR trading with negative sentiment and we still believe that market can continue
its negative trend. Last week GBPINR made a low of 88.0200 and closed at 89.3700 with overall marginal gain of 1.34%
on weekly basis. On its hourly chart market is resist by its downtrend line indicating negative trend for this week. For
this week, if it breaks the level of 89.0800 on the lower side then it can test the level of 88.5025 during the week. One
can make sell position in it by maintaining a SL at 89.4025.

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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 21 August 2018 Ways2Capital

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