Gold prices gained in Asia on Monday with China prices and remarks from the Fed chief later this week to set the tone on the dollar. Gold futures for August delivery edged up 0.11% to $1,211.03%.

1. 10 JULY to 14 JULY
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10 TO 14 JULY 2017
Monday-Friday
COMMODITY WEEKLY REPORT

2. 10 JULY to 14 JULY
2
COMMODITIES PREVIOUS WEEK
MCX
30-6-2017
CLOSING PRICE
07-7-2017
CLOSING PRICE
VALUE
CHANGED
% CHANGED
GOLD (AUG) 28471 27782 -689 -2.42%
SILVER (SEP) 38411 36226 -2185 -5.69%
CRUDE OIL (JUL) 2972 2867 -105 -3.53%
NATURAL GAS (JUL) 194.20 185 -9.2 -4.74%
COPPER (AUG) 388.80 380.30 -8.5 -2.19%
NICKEL (JUL.) 606.50 581.60 -24.9 -4.11%
LEAD (JUL.) 148.15 148.35 0.2 0.13%
ZINC (JUL.) 178.95 180.20 1.25 0.70%
ALUMINIUM (JUL.) 123.90 124.45 0.55 0.44%

3. 10 JULY to 14 JULY
3
FUNDAMENTAL VIEW:- Gold prices gained in Asia on Monday with China prices and remarks from the Fed chief later this week to set the
tone on the dollar. Gold futures for August delivery edged up 0.11% to $1,211.03%. On Monday, China releases producer prices and con-
sumer inflation for June with 0.1% fall on-month expected and a 1.5% gain seen annually. Producer prices are seen up 5.5% on year. Earli-
er, Japan reported its unadjusted current account surplus at ¥1.654 trillion, narrower than the ¥1.796 trillion seen, while core machinery
orders fell 3.6% on year in May, compared to a gain of 7.7% seen. USD/JPY changed hands at 113.98, up 0.06%.
TECHNICAL VIEW:- This week GOLD will be in bearish trend, as in last week it was closed around 27784 and this week it was opened at
28421. This is the main reason it was down and it was bearish around28421 to 27724 , and hence we can see it more down. However, if it
gives the break out level of 28550 we can sell it for more downside till 28200 if it gives the break out to more downward level.
GOLD (AUGUST)
WEEKLY
R3 29370
R2 28670
R1 28220
Pivot 27950
S1 27530
S2 27270
S3 26580
WEEKLY
OPEN 28421
HIGH 28421
LOW 27724
CLOSE 27782
CHANGE -689
%
CHANGE
-2.42%
GOLD (AUG) LEVEL TGT-1 TGT-2 STOP LOSS
BUY ON DIPS 27600-27640 27820 28020 27400
SELL ON RISE 28500 228300 28100 28720

4. 10 JULY to 14 JULY
4
FUNDAMENTAL VIEW:- Silver Futures has been relatively volatile over the past few weeks, but despite the recent pullback from
the high at $17.714, it could be getting set to rally again. The precious metal is currently trading at $15 around, relatively close to key
support. Any further downside moves would need to surpass this level but downside risks are easing. The daily chart shows a rela-
tively clear short term, rising trend line, implying support in the coming days. The RSI Oscillator is also near oversold levels.
TECHNICAL VIEW:- .This week Silver will be in bearish trend, as in last week it was closed around 36231 and this week it was
opened at 38356 This is the main reason it was down and it was down from 38356 to ,35980 and hence we can see it upwards.
However, if it gives the break out level of 35300, we can sell it for more downside till 34500, if it gives the break out to more down-
ward level.
WEEKLY
R3 41630
R2 39250
R1 37730
Pivot 36850
S1 35350
S2 34450
S3 32050
WEEKLY
OPEN 38356
HIGH 38370
LOW 35980
CLOSE 36226
CHANGE -2185
%
CHANGE
-5.69%
SILVER(SEP.) LEVEL TGT-1 TGT-2 STOP LOSS
BUY ON DIPS 35500 36200 37000 34700
SELL ON RISE 37600 37000 36400 38400
SILVER (SEP)

5. 10 JULY to 14 JULY
5
FUNDAMENTAL VIEW:- The U.S. West Texas Intermediate crude August contract tumbled $1.29, or around 2.9%, to end at $44.23
a barrel by close of trade Friday. It touched its lowest since June 28 at $43.78 earlier. Oil prices fell sharply on Friday to log their
sixth weekly loss in the past seven weeks, as concerns over a glut in the market continued to weigh on sentiment. Elsewhere, on the
ICE Futures Exchange in London, Brent oil for September delivery sank $1.40, or 2.9%, to settle at $46.71 a barrel by close of trade,
after touching a two-week low of $46.28 earlier in the session.
TECHNICAL VIEW:- This week crude oil will be in bearish trend, as in last week it was closed around 2863 and this week it was
opened at 2974 This is the main reason it was down around 2835 , and hence we can see it more down .However, if it gives the break
out level of 2800, we can sell it for more downside till 2700, if it gives the break out to more downward level.
CRUDE (JULY)
WEEKLY
R3 3405
R2 3165
R1 3015
Pivot 2925
S1 2775
S2 2685
S3 2445
WEEKLY
OPEN 2974
HIGH 3075
LOW 2835
CLOSE 2867
CHANGE -105
%
CHANGE
-3.53%
CRUDE (JULY) LEVEL TGT-1 TGT-2 STOP LOSS
BUY ON DIPS 2810-2840 2910 3010 2590
SELL ON RISE 3100 3000 2900 3200

6. 10 JULY to 14 JULY
6
FUNDAMENTAL VIEW:- According to data released last week, China’s factories grew at the quickest pace in three months in June, buoyed
by strong new orders in a sign of stabilizing growth, though traders expect a further slowdown in the world’s second biggest economy is
inevitable as Beijing cracks down on debt risks. Helping to put a cap on copper’s gains was the firmer U.S. Dollar.
TECHNICAL VIEW:- This week copper will be in bearish trend, as in last week it was closed around 380.10 and this week it was opened
at 389.25 This is the main reason it was down around 378.80, and hence we can see it more down .However, if it gives the break out level
of 360 , we can sell it for more downside till 350, if it gives the break out to more downward level.
COPPER (AUG)
WEEKLY
R3 405
R2 394
R1 387
Pivot 383
S1 376
S2 371
S3 360
WEEKLY
OPEN 389.25
HIGH 390
LOW 378.80
CLOSE 380.30
CHANGE -8.5
%
CHANGE
-2.19%
COPPER (AUG) LEVEL TGT-1 TGT-2 STOP LOSS
BUY ON DIPS 365 375 385 350
SELL ON RISE 385 375 365 400

7. 10 JULY to 14 JULY
7
FUNDAMENTAL VIEW:- U.S. natural gas for August delivery was at $3.117 per million British thermal units by 10:33AM ET
(1433GMT), up 2.4 cents, or around 0.8%. U.S. natural gas futures rose to a fresh four-week high last week, extending gains into a fifth
session after data showed that domestic supplies in storage rose less than anticipated last week. Futures were at around $3.075 prior
to the release of the supply data. Natural gas edged higher on Tuesday to notch its fourth wining session in a row on Wednesday.
TECHNICAL VIEW:-.This week Natural gas will be in bullish trend, as in last week it was closed around 185.20 and this week it was
opened at 192.70 This is the main reason it was consolidate around 198.40to 185.20, and hence we can see it upwards. However, if
it gives the break out level of 170, we can sell it for more downside till 160, if it gives the break out to more downward level.
NATURAL GAS (JULY)
WEEKLY
R3 218
R2 203.50
R1 194.50
Pivot 189
S1 179.50
S2 174
S3 160
WEEKLY
OPEN 192.70
HIGH 198.40
LOW 183.90
CLOSE 185
CHANGE -9.2
%
CHANGE
-4.74%
N.GAS(JULY) LEVEL TGT-1 TGT-2 STOP LOSS
BUY ON DIPS 171 179 187 169
SELL ON RISE 195 187 179 207

8. 10 JULY to 14 JULY
8
STATUS OF OUR LAST WEEKLY RECOMMENDATIONS
PRODUCT RECOMMENDATIONS PROFIT/LOSS STATUS
GOLD
SELL GOLD AROUND 28650 TGT 28000 AND 27600 SL29200
ABOVE
0 NOT EXECUTED
BUY GOLD AROUND 29150TGT 29750AND 30200 SL 28620 BE-
LOW
13100 CLOSED IN LOSS @29009
SILVER
BUY SILVER ABOVE 40700 TGT 41300 AND-42000 SL 40000 BE-
LOW
-21000 CLOSED IN LOSS @40091
SELL SILVER BELOW 39000TGT 38300 AND 37500 SL 40100
ABOVE
9600 CLOSED IN PROFIT @39680
CRUDE OIL BUY CRUDEOIL ABOVE 3170 TGT 3250- 3340 SL 3100 BELOW 0 NOT EXECUTED
SELL CRUDEOIL BELOW 3120 TGT 3040 - 2950 SL 3200 ABOVE 17000 FINAL TGT ACHIEVED
NATURAL GAS
SELL NETURAL GAS BELOW 190 TGT 181 -170 SL 199 ABOVE -11250 1st TGT ACHIEVED
BUY NATURAL GAS AROUND 202 TGT 212 -223 SL 192 ABOVE 0 NOT EXECUTED
COPPER BUY COPPER AROUND 373TGT 380-390 SL 365 . BELOW 5185.50 CLOSED IN PROFIT @177.15
COPPER SELL COPPER BELOW 361 TGT 354-345 SL 375 ABOVE -14000 SL TRIGGERED
P&L P&L -28564.50 PROFIT/ LOSS
PRODUCT
RECOMMENDATIONS PROFIT/LOSS STATUS
BUY GOLD ABOVE 28400- 28420TGT 28600-28800 SL 28150BE-
LOW
-25000 SL TRIGGERED
GOLD
SELL GOLD BELOW 28900 TGT 28700-28500 SL 29150 NOT EXECUTED
BUY SILVER ABOVE 38400TGT 39000-39600 SL 37700BELOW NOT EXECUTED
SILVER SELL SILVER BELOW 39600TGT 39000 38400SL 40400ABOVE NOT EXECUTED
CRUDE OIL BUY CRUDEOIL ABOVE 2880-2890TGT 2980-3080 SL 2620 BELOW -1300 CLOSED IN LOSS
SELL CRUDEOIL BELOW3120 TGT 3020 2920 SL 3250 ABOVE NOT EXECUTED
BUY NATURAL GAS ABOVE 176 TGT 184-192 SL 164BELOW NOT EXECUTED
NATURAL GAS SELL NATURAL GAS BELOW 207 TGT 199 –181 SL 220 ABOVE NOT EXECUTED
COPPER BUY COPPER ABOVE 372 -375TGT 383-393 SL 357BELOW NOT EXECUTED
COPPER SELL COPPER BELOW 420TGT 410-400 SL 435ABOVE NOT EXECUTED
P&L P&L -26300 PROFIT/ LOSS

9. 10 JULY to 14 JULY
9
ECONOMIC CALENDER
Time Cur. Event Forecast Previous
Tuesday, July 11, 2017
19:30 USD JOLTs Job Openings (May) 5.890M 6.044M
Wednesday, July 12, 2017
19:30 USD Fed Chair Yellen Testifies
20:00 USD Crude Oil Inventories -6.299M
Thursday, July 13, 2017
18:00 USD PPI (MoM) (Jun) -0.10% 0.00%
18:00 USD Initial Jobless Claims 245K 248K
19:30 USD Fed Chair Yellen Testifies
20:00 USD Natural Gas Storage 72B
Friday, July 14, 2017
18:00 USD Core CPI (MoM) (Jun) 0.20% 0.10%
18:00 USD Core Retail Sales (MoM) (Jun) 0.20% -0.30%
18:00 USD Retail Sales (MoM) (Jun) 0.10% -0.30%

10. 10 JULY to 14 JULY
10
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