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1. 30 July-03 August 2018
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30 July –03 Aug.2018
COMMODITY WEEKLY REPORT

2. 30 July-03 August 2018
COMMODITIES PREVIOUS WEEKS
MCX WEEK HIGH WEEK LOW
VALUE
CHANGED
% CHANGED
GOLD (AUG.) 29988 29652 -336 -1.08%
SILVER (SEP.) 38691 38003 -688 -1.76%
CRUDE OIL (AUG.) 4812 4667 -145 -2.88%
NATURAL GAS (AUG.) 183.5 175.7 -7.8 -3.90%
COPPER ( AUG.) 433.4 418.75 -14.65 -3.24%
NICKEL (JULY) 948.3 916.8 -31.5 -3.76%
LEAD (JULY) 149.15 145.25 -3.9 -2.38%
ZINC (JULY) 183.3 177.2 -6.1 -2.78%
ALUMINIUM (JULY) 144.55 140.05 -4.5 -3.28%

3. 30 July-03 August 2018
FUNDAMENTAL VIEW:- Despite Weaker Dollar Gold Prices Edge Down :- On Friday precious metal prices turned lower despite a
weaker dollar as markets await the U.S. GDP data due later in the day. Yellow metal for August delivery to a trading price of $1,223.10
each troy ounce at 1:30AM ET (05:30 GMT). Donald Trump expressed earlier this week his displeasure over the currency’s strength.
against the dollar the yen gained 0.13% on Friday amid speculation that the Bank of Japan could scale back its monetary stimulus pro-
gram soon.
TECHNICAL VIEW:- MCX Gold last week showed sideways to bearish movement and close around its major support level of
29500.For upcoming trading session if it breaks and sustains below 29500 then it will test next important support of 29100 i.e. its lower
key line. On upward side it has strong resistance of 30000 and if price takes some recovery from lower to upper side then it may goes up-
side up to next resistance level of 30400 and after that it also continue with bullish trend .
GOLD (AUG.)
WEEKLY
R2 30171.25
R1 30018.50
Pivot 29835.25
S1 29682.50
S2 29499.25
WEEKLY
OPEN 29921
HIGH 29988
LOW 29652
CLOSE 29780
CHANGE 141
% CHANGE 0.47%
GOLD (AUG.) LEVEL TGT-1 TGT-2 STOP LOSS
BUY ABOVE 29800 30000 30200 29500
SELL ON RISE 30450 30250 30050 30750

4. 30 July-03 August 2018
FUNDAMENTAL VIEW:- The strengthening dollar looks likely to remain a significant headwind for silver this week, ahead
of the Federal Reserve’s latest rate setting meeting, where it will probably lay the groundwork for its third rate hike this year in Septem-
ber. Friday’s U.S. employment report for July will also be closely watched, amid expectations that its will point to a slight slowdown in hir-
ing. Expectations for higher rates tend to be bearish for silver, which struggles to compete with yield-bearing assets when rates rise, while
a stronger U.S. currency makes gold and other dollar-denominated commodities more expensive for foreign investors .
TECHNICAL VIEW:- MCX Silver last week showed sideways to down trend scenario and also able to close around its important support level
of 37900. For upcoming session if it continues with bearish trend then it may breaks 37900 and goes down side towards next crucial sup-
port level of 37200. On higher levels it has resistance level of 38800 and if price breaks this level then it may push for some recovery and it
can also test next important resistance level of 39300 and trend may also change.
WEEKLY
R2 39048.00
R1 38717.00
Pivot 38360.00
S1 38029.00
S2 37672.00
WEEKLY
SILVER(SEP.) LEVEL TGT-1 TGT-2 STOP LOSS
BUY SILVER 39350 38850 39350 38650
SELLL ON RISE 39900 39400 38900 40600
SILVER (SEP.)
OPEN 38420
HIGH 38691
LOW 38003
CLOSE 38326
CHANGE 94
% CHANGE 0.24%

5. 30 July-03 August 2018
FUNDAMENTAL VIEW:- Crude oil Inches Down as Investors Look Ahead to Rig Count:- Data On Friday crude oil prices were
lower on Friday but were supported by trade talks and news that Saudi Arabia is suspending oil shipping in the Red Sea. Crude prices were
down from a three-day high, but were offset by trade talks between the U.S. and European Union. European Commission President Jean-
Claude Juncker and U.S. President Donald Trump met on Wednesday and agreed to not impose car tariffs as the countries begin negotia-
tions to cut trade barriers. The biggest oil exporter in the world is Saudi Arabia, said it was temporarily halting oil shipments through the
Red Sea after an attack by Yemen’s Houthi movement. On Wednesday Data from the Energy Information Administration showed U.S. crude
supplies fell last week .
TECHNICAL VIEW:- MCX Crude oil last week showed some bullish movement and close around its major resistance level of 4850.
For upcoming week if price breaks 4850 then this upward movement can take its next resistance level of 4950 and if it takes reverse mo-
mentum from 4850 then it may takes quick correction from higher to lower side and price may test major support level of 4700 and if it
breaks this level then price may goes down towards its lower key line i.e. 4600 levels and bearish trend will remain active .
CRUDE OIL (AUG.)
WEEKLY
R2 4867.00
R1 4777.00
Pivot 4722.00
S1 4632.00
S2 4577.00
WEEKLY
OPEN 4695
HIGH 4812
LOW 4667
CLOSE 4714
CHANGE -19
% CHANGE -0.40%
CRUDE (AUG.) LEVEL TGT-1 TGT-2 STOP LOSS
BUY ON DIPS 4500 4600 4700 4350
SELL ON RISE 4890 4790 4690 4940
WEEKLY WEEKLY

6. 30 July-03 August 2018
FUNDAMENTAL VIEW:- Base metals prices drift upward on easing trade tensions :-market awaits further direction The Europe-
an Union and the United States Easing trade tensions after agreed to negotiate tariffs on industrial goods were broadly supportive to the
SHFE base metals complex on Friday morning. GDP data of Second-quarter from the US will be released late on Friday, and economists and
analysts expect it to be one of the best quarters in recent years. Economists have forecast that the US economy grew by an annualized rate
of 4.2% in April-June 2018, more than double the rate seen in the previous three months.
TECHNICAL VIEW:- MCX Copper last week took some recovery from lower level after sharp downfall. For upcoming trading session it
may give more upside movement if it breaks its strong resistance level of 435 and after that 445 will act as a next important resistance lev-
el and also bullish trend will remain active. On lower side it has major support of 415 and if price breaks this level then price slides to-
wards next support level i.e. 405 and also takes some correction from higher levels.
COPPER (AUG)
WEEKLY
R2 438.95
R1 429.85
Pivot 424.30
S1 415.20
S2 409.65
WEEKLY
OPEN 419.2
HIGH 433.4
LOW 418.75
CLOSE 425.85
CHANGE -6.65
% CHANGE -1.59%
COPPER (AUG) LEVEL TGT-1 TGT-2 STOP LOSS
BUY ON DIPS 418 428 438 403
SELL ON RISE 445 435 425 460

7. 30 July-03 August 2018
STATUS OF OUR LAST WEEKLY RECOMMENDATIONS
RECOMMENDATIONS PROFIT/LOSS STATUS
BUY GOLD BUY ON DIPS 30950 TGT 31150,31350 SL BELOW 30700 -25000 SL TRIGGERED
SELL GOLD BELOW 31200TGT-31000,30800 SL ABOVE-31450 40000 2nd TGT ACHIVED
BUY SILVER BY ON DIPS 40100 TGT40600,41200 SL BELOW 39400 -8700 CLOSED@39810
SELL SILVER BELOW 38100 TGT-37800-37500 SL ABOVE-38500 0 NOT EXEUTED
BUY CRUDEOIL BUY ON DIPS 4350 TGT 4450,4550 SL BELOW 4200 20000 2nd TGT
CRUDEOIL SELL ON RISE 4600 TGT 4500,4400SL ABOVE 4750 -7000 CLOSED@4670
BUY COPPER BUY ON DIPS 460 TGT 470,480 SL BELOW 445 -5500 NOT EXEUTED
COPPER SELL ON RISE 480 TGT 470,460 SL ABOVE 495 0 NOT EXEUTED
TOTAL P&L 6300 58500

8. 30 July-03 August 2018
ECONOMIC CALENDER
Time Cur. Event Actual Forecast Previous
Monday, July 30, 2018
10:00 USD Pending Home Sales (MoM) (Jun) 0.10% -0.50%
Tuesday, July 31, 2018
8:30 USD Core PCE Price Index (MoM) (Jun) 0.10% 0.20%
9:45 USD Chicago PMI (Jul) 62 64.1
10:00
16:30 USD API Weekly Crude Oil Stock -3.160M
Wednesday, August 1, 2018
Tentative USD OPEC Meeting
8:15 USD ADP Nonfarm Employment Change (Jul) 185K 177K
10:00 USD ISM Manufacturing PMI (Jul) 59.5 60.2
10:30 USD Crude Oil Inventories -6.147M
10:30 USD Cushing Crude Oil Inventories -1.127M
14:00 USD FOMC Statement
14:00 USD Fed Interest Rate Decision 2.00% 2.00%
Thursday, August 2, 2018
8:30 USD Initial Jobless Claims 220K 217K

9. 30 July-03 August 2018
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