Commodity Research Report 29 May 2018 Ways2Capital

HIGH BROW MARKET RESEARCH INVESTMENT ADVISOR PVT. LTD.

2 Copyright © 2018 Ways2Capital. All rights reserved 29/05/2018
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-May-18 154.80 154.85 157.35 152.75 153.10 -1.10% -2.20% -49.70%
Copper 29-Jun-18 462.15 463.10 474.50 461.20 461.80 -0.08% 10.51% -3.83%
Crude Oil 19-Jun-18 4874 4894 4977 4581 4597 -5.68% -39.02% 52.94%
Gold 05-Jun-18 31091 31040 31510 30912 31189 0.32% 15.54% 49.70%
Lead 31-May-18 158.65 157.50 171.80 157.50 164.45 3.66% 48.87% 68.50%
Natural Gas 26-Jun-18 197.20 196.00 204.40 194.90 200.70 1.77% -28.55% 26.71%
Nickel 31-May-18 995.70 992.00 1021.80 985.20 994.40 -0.13% -14.32% -23.46%
Silver 05-Jul-18 40195 40178 40916 39890 40267 0.18% 2.13% 70.03%
Zinc 31-May-18 211.10 211.40 212.40 205.40 207.05 -1.92% -10.98% -2.76%
Castor Seed 20-Jun-18 4021 4050 4090 3991 4002 -0.47% 1.34% -16.29%
Chana 20-Jun-18 3587 3597 3644 3571 3637 1.39% -2.40% -33.64%
Dhaniya 20-Jun-18 4781 4784 4784 4500 4541 -5.02% 11.42% -26.41%
COCUDAKL 20-Jun-18 1279.50 1275.00 1304.00 1235.50 1300.00 1.60% 1.13% 8.76%
Guargum5 20-Jun-18 8303 8400 8400 8110 8232 -0.86% -0.79% 14.33%
Guarseed10 20-Jun-18 3838.00 3817.00 3875.00 3773.00 3842.00 0.10% -0.94% 18.87%
Jeera 20-Jun-18 15755 15700 16160 15510 16105 2.22% -14.03% -53.34%
RMseed 20-Jun-18 3975 3990 4037 3953 4019 1.11% 6.37% -9.59%
Ref Soya Oil 20-Jun-18 773.75 775.90 786.75 767.30 773.90 0.02% -3.44% -4.88%
Soyabean 20-Jun-18 3776 3807 3838 3720 3738 -1.01% 0.56% -25.81%
Turmeric 20-Jun-18 7244 7250 7360 7100 7146 -1.35% 8.40% -31.84%
Mentha Oil 31-May-18 1323.60 1303.10 1343.90 1239.10 1338.00 1.09% 13.63% 35.89%
USDINR 29-May-18 68.0775 68.1925 68.4925 67.6675 67.7650 -0.46%
GBPINR 29-May-18 91.8350 91.6975 91.8375 90.0000 90.4525 -1.51%
JPYINR 29-May-18 61.3475 61.3825 62.5200 61.1700 61.9375 0.96%
EURINR 29-May-18 80.2425 80.1325 80.5650 79.2625 79.3225 -1.15%

International Market Wrap-up
Commodity Exchange
Previous
Close
Open High Low Close % Change in Price
Market Wrap-Up
Aluminium LME 2272.00 2265.75 2314.25 2239.25 2261.25 -0.47%
Copper COMEX 3.062 3.062 3.148 3.052 3.077 0.49%
Crude Oil NYMEX 71.38 71.44 72.91 67.42 67.48 -5.46%
Gold COMEX 1291.70 1291.70 1307.20 1281.20 1301.20 0.74%
Lead LME 2335.75 2336.25 2514.50 2333.50 2435.50 4.27%
Natural Gas NYMEX 2.837 2.827 2.963 2.808 2.929 3.24%
Nickel LME 14632.50 14687.50 14055.00 14447.50 14730.00 0.67%
Silver COMEX 16.465 16.465 16.740 16.280 16.520 0.33%
Zinc LME 3093.75 3099.50 3120.50 3002.00 3058.00 -1.16%

Inventory Updates
LME Inventory
Commodity
Closing In Tonnes
(As on 25th May 2018)
Closing In Tonnes
(As on 18th May 2018)
% Change in Price
Continued…….
Copper 300125 300200 -0.02%
Nickel 296898 306054 -2.99%
Lead 133300 132025 0.97%
Zinc 229275 231625 -1.01%
Aluminium 1227900 1249450 -1.72%

Inventory Updates

Market Next Week
Currency Weekly Pivots
Currency Pair Contract R3 R2 R1 PP S1 S2 S3
Continued…….
USDINR 29-May-18 69.6500 68.8500 68.3500 68.0000 67.5000 67.2000 66.3500
GBPINR 29-May-18 94.4500 92.6000 91.5000 90.7500 89.6500 88.9000 87.1000
JPYINR 29-May-18 64.6000 63.2500 62.6500 61.9000 61.3000 60.5500 59.2000
EURINR 29-May-18 82.3000 81.0000 80.1500 79.7000 78.8500 78.4000 77.1000
Upcoming Economic Events Calender
Time Curreny Event Forecast Previous
Monday, May 28, 2018
All Day GBP United Kingdom - Spring Holiday
All Day USD United States - Memorial Day Holiday
Tuesday, May 29, 2018
10:10 USD FOMC Member Bullard Speaks - -
Tentative GBP Nationwide HPI (YoY) - 2.6%
19:30 USD CB Consumer Confidence (May) 128 128.7
Wednesday, May 30, 2018
17:45 USD ADP Nonfarm Employment Change (May) 187K 204K
18:00 USD GDP (QoQ) (Q1) 2.30% 2.30%
18:00 USD GDP Price Index (QoQ) (Q1) 2.00% 2.00%
Thursday, May 31, 2018
6:30 CNY Non-Manufacturing PMI (May) - 54.8
11:30 GBP Nationwide HPI (YoY) (May) 0.03 0.026
18:00 USD Core PCE Price Index (MoM) (Apr) 0.001 0.20%
18:00 USD Initial Jobless Claims 225K 234K
18:00 USD PCE Deflator (YoY) - 0.02
19:15 USD Chicago PMI (May) 58 57.6
19:30 USD Pending Home Sales (MoM) (Apr) 0.50% 0.40%
20:30 USD Crude Oil Inventories - 5.778M
Friday, June 1, 2018
14:00 GBP Manufacturing PMI (May) 53.6 53.9
18:00 USD Average Hourly Earnings (YoY) (May) 0.027 0.026
18:00 USD Nonfarm Payrolls (May) 185K 164K
18:00 USD Private Nonfarm Payrolls (May) 183K 168K
18:00 USD Unemployment Rate (May) 0.039 0.039
19:15 USD Manufacturing PMI (May) - 56.6
19:30 USD ISM Manufacturing Employment (May) 54.5 54.2

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-May-18 164.00 159.00 156.00 154.00 151.00 150.00 145.00
Copper 29-Jun-18 492 479 471 466 457 453.00 439.00
Crude Oil 21-May-18 5510 5114 4856 4718 4460 4322 3926
Gold 05-Jun-18 32400 31802 31495 31204 30897 30606 30008
Lead 31-May-18 193.00 179.00 172.00 165.00 157.00 150.00 136.00
Natural Gas 25-May-18 219.00 210.00 205.00 200.00 196.00 191.00 181.00
Nickel 31-May-18 1074 1037 1016 1000 979 964 927
Silver 04-May-18 42410 41384 40825 40358 39799 39332 38306
Zinc 31-May-18 222.00 215.00 211.00 208.00 204.00 201.00 194.00
Castor Seed 18-May-18 4226 4127 4064 4028 3965 3929 3830
Chana 18-May-18 3763 3690 3664 3617 3591 3544 3471
Dhaniya 18-May-18 5176 4892 4717 4608 4433 4324 4040
COKUDAKL 18-May-18 1417 1348 1324 1280 1256 1211 1143
Guargum5 18-May-18 8827 8537 8385 8247 8095 7957 7667
Guarseed10 18-May-18 4034 3932 3887 3830 3785 3728 3626
Jeera 18-May-18 17225 16575 16340 15925 15690 15275 14625
RMseed 43238 4171 4087 4053 4003 3969 3919 3835
Ref Soya Oil 43238 815 795 785 776 765 757 737
Soyabean 43238 4001 3883 3811 3765 3693 3647 3529
Turmeric 43238 7722 7462 7304 7202 7044 6942 6682
Mentha Oil 43251 1517 1412 1375 1307 1270 1202 1097

BULLION
Recently, the World Gold Council reported a 7% drop in global demand in the first
quarter of 2018 to 973.5 tonnes, the lowest since the first quarter of 2008, as in-
vestments fell 27% on the precious metal to 287 tonnes from 383 tonnes in the
first quarter of 2017.The Gold is in perfect uptrend Currently Gold is moving side-
ways The Gold is now trading in overbought level.The oscillator is showing BUY sig-
nal but has moved past its recent high with good volume points to a positive break
out .The oscillator is showing BUY signal For short term The current position
is buy and closed above 1 month high with volume signals up breakout. Support for
the Gold is 30900. Immediate resistance for Gold is 31500.
BASE METALS
Threemonth base metals prices on the London Metal Exchange were mixed on the
morning of Wednesday May 23, with nickel and lead prices down by 0.4% and
1.4% respectively while copper was off by 0.5% at $6,929 per tonne aluminium and
tin are both up by 0.2% and zinc is up by 0.5%.Volume on the LME has been aver-
age with 5,074 lots traded as of 6.56am London time.
ENERGY
MCX Fundamentals
ENERGY
Crude oil price continued its decline strongly to reach the next target at 67.22 and
settles there and we need to monitor the price behaviour at this level as breaking
it will extend oil price losses to reach 65.50 on the near term basis while its stabil-
ity will push the price to start recovery attempts that target testing 69.35 level
initially.Natural gas price succeeded to form strong bullish attack yesterday by
moving away from 2.910 support line to approach the initial target at 3.050 not-
ing that the continuation of the positive pressures will push the price to surpass
38.2%.

SPICES
.
NCDEX Fundamentals
OILSEEDS
Prices failed to take any clear direction for Mentha oil as traders expect the
harvesting activities to pick up in coming weeks. New crop arrivals could put
pressure on the prices. Rising demand on the export front amidst low arri-
vals had been supporting the market of late. However good crop sowing
reports limited the uptrend. The arrivals of the new crop in coming weeks
could limit the uptrend. Soya oil faced resistance in moving upwards al-
though buyers entered frequently after small dips. Prices have risen lately
mainly on bullish cues from global markets and rumours of duty hike in edi-
ble oils. The USDA report released last to last week was perceived as neutral
from price movement perspective therefore with futures currently surfacing
at higher levels possibility for a long lasting upside rally seems lesser at least
for next few days
GUAR COMPLEX
No strong movement was noted for Guar as Guar failed to gather momentum
as the uptrend was limited by good and before time arrival of monsoon re-
ports. with prices finding short term support near the psychological 8000
mark. Normal monsoon and its early arrival predictions by IMD had kept pres-
sure on prices. Traders however anticipate present rates to be on lower side
with strong further fall in prices being ruled out.
OTHERS
Rmseed ended the session on strong note yesterday but weak tone in soy-
bean capped the upside From a broader perspective bullish outlook soybean
and palm oil higher import duty on mustard oil lowering arrivals and drop in
the crop acreage shall keep the downside in check. Traders anticipate
Rmseed prices to firm up further in the near term.
As per latest reports from Cotton Association of India (CAI) Indian production
for 2017-18 has been lowered by 5 lakh bales of 170 kg each to 362 lakh
bales. The reasons being crop damage from severe pink boll worm infestation
and lower rains in some areas. Total supply is estimated at 412 lakh bales.
.
Jeer rates hovered near the psychological 16000 mark. Markets found some
immediate support at the lower levels as traders anticipate the demand that
had slackened for last few weeks could start rising in coming days. Good mon-
soon reports had further capped the upside. Traders too anticipate further fall
to be limited as prices have fallen a lot over last few months. The demand for
the new crop is expected to rise at these lower levels in coming days.
Turmeric kept trading with high volatility as prices found support near the 7000
-7200 mark. Profit booking at the higher levels amidst reports of good mon-
soon being beneficial for the new crop sowing next month onwards kept pres-

The primary trend of Natural Gas is bullish and market is continuously making new highs supported by the 200 days
moving average. On its daily chart market is forming bullish flag pattern indicating positive trend in near term to mid
term basis. Relative strength index showing positive movement in sustaining above the level 60 supporting bullish
trend. Near term resistance place at the level of 203 while market can face the support at the level of 197. One can
make buy position above the resistance level for the target of 213.
Calls of the Week (MCX)
WEEKLY STRATEGY
PERTICULAR DETAILS
ZINC
NATURAL GAS
WEEKLY STRATEGY
PERTICULAR DETAILS
Action SELL
Entry Range BELOW 206.30
Target 207.50
SL 203.30
Action Buy
Entry Range Above 203
Target 213
SL 197
From last couple of trading weeks market is trading in range between the level of 210 to 205 with the negative senti-
ment supported by 100 days moving average. And recently market broken its up trend channel on its hourly chart indi-
cating bearish trend from short term to mid term basis. It is having important support at the level of 206.50 while resis-
tance place at the level of 207.50. One can make sell position below the support level of 206.30 for the target of
203.30 with stop loss of 207.50

Overall trend of the Menthaoil is bearish for medium to long term.Currently Menthaoil is in strong downtrend with
good momentum and the trend is supported by good volume and open interest.The oscillator is showing sell signal For
short term to mid term basis. Immidiate Support for the Menthaoil place at the level of1115 while market can face the
resistance near the level of 1150.
Calls of the Week (NCDEX)
WEEKLY STRATEGY
PERTICULAR DETAILS
RAMSEED
MENTHAOIL
The primary trend of RMSEED is bearish for long term.From last couple of trading weeks market is trading with positive
note but found enough resistance of 4000 level. We can expecting that market can go down from higher level as the
current level acted as a strong supply zone. Currently Rmseed is in strong downtrend with good momentum and the
trend is supported by good volume. Market can face immediate support at the level of 3980, while Resistance near the
level of4040. One can make sell position below the support level of 3980 for the target of 3840 with stop loss of 4045.
WEEKLY STRATEGY
PERTICULAR DETAILS
Action Sell
Entry Range Below 3980
Target 3840
SL 4045
Action Sell
Entry Range Below 1115
Target 1075
SL 1127

Last week USDINR Jun Futures started the week on positive note and made a high of 68.7450 on Thursday. On last day
of the week, we saw sharp bearish movement in it and it closed at 68.0000 with the overall loss of 0.45% on weekly
basis. Technically it formed Dark Cloud Cover candlestick pattern on weekly charts & for this week, we can expect
downside movement in it.For this week, if it breaks the level of 67.5300 then it can test the level of 67.0150 during the
week. One can make sell position in it by maintaining a SL 67.8825
Calls of the Week (FOREX)
WEEKLY STRATEGY
PERTICULAR DETAILS
USDINR
EURINR
WEEKLY STRATEGY
PERTICULAR DETAILS
Action Sell
Entry Range Below 79.3050
Target 78.7025
SL 79.6125
Action Sell
Entry Range Below 67.5350
Target 67.0150
SL 67.8825
Last week EURINR Jun Futures started the week on negative note and after that it witnessed choppy movement for the
most part of the week. On last day of the week, we saw sharp bearish movement in it and it closed at 79.7175 with the
overall loss of 1.14% on weekly basis. Technically for this week, we can expect downside movement in as it sustaining
below the major support level breakout of 80.2600 with the negative RSI.

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DISCLOSURE IN TERMS OF CONFLICT OF INTEREST (नहतों के संघषा के मामले में प्रकटीकरण ):
(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 माकेट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोगी या उनके ककसी भी तत्काल ररश्तेदार की नवषय कंपनी में कोई नवत्तीय रुनच नहीं है और न ही इस तरह की नवत्तीय नहत की प्रकृनत 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 माकेट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोगी या उनके ककसी भी तत्काल ररश्तेदार की नवषय कंपनी की प्रनतभूनतयों में एक प्रनतशत या उससे अनधक के वास्तनवक / िंायदेमंद स्वानमत्व 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 माकेट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोनगयों को अनुसंधान ररपोटा के प्रकाशन के समय या सावाजननक रूप से उपनस्थत होने के समय कोई अन्य भौनतक संघषा नहीं है|
DISCLOSURE IN TERMS OF COMPENSATION ( क्षनतपूर्तत के संदभा में प्रकटीकरण):
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 माकेट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड की पॉनलसी अपने नवश्लेषकों, पेशेवरों को नवश्लेषक के क्षेत्र में ककसी भी कंपनी की प्रनतभूनतयों के स्वामी से नवश्लेषकों को ररपोटा करने से रोकती है।
नवश्लेषक क्षनतपूर्तत : नवश्लेषक हाई ब्रो माकेट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड के वेतन आधाररत स्थायी कमाचारी है |
DISCLOSURE IN TERMS OF PUBLIC APPEARANCE (सावाजननक प्रकटन के मामले में प्रकटीकरण ) :
(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 माकेट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोगीयों ने नपिले 12 महीनों में नवषय कंपनी से कोई मुआवजा प्राप्त नहीं ककया 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 ररपोटा के नवतरण की नतनथ से पूवा बारह महीनों के दौरान नवषय कंपनी अब या कभी भी ग्राहक नहीं रही 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 माकेट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोगीयों ने नवषय कंपनी के अनधकारी, ननदेशक या कमाचारी के रूप में कभी भी काम
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Commodity Research Report 29 May 2018 Ways2Capital

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