Gold prices edged higher on Friday, buoyed by a second day of heavy selling in the dollar amid renewed political uncertainty in Washington on reports that special counsel Robert Mueller will expand his investigation to include President Trump’s pri- vate business dealings.

1. 24 JULY to 28 JULY
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24 TO 28 JULY 2017
Monday-Friday
COMMODITY WEEKLY REPORT

2. 24 JULY to 28 JULY
2
COMMODITIES PREVIOUS WEEK
MCX
07-7-2017
CLOSING PRICE
14-7-2017
CLOSING PRICE
VALUE
CHANGED
% CHANGED
GOLD (AUG) 27990 28548 558 1.99%
SILVER (SEP) 36963 38153 1190 3.22%
CRUDE OIL (AUG) 2994 2960 -34 -1.14%
NATURAL GAS (JUL) 192.30 193.40 1.1 0.57%
COPPER (AUG) 383.85 389.10 5.25 1.37%
NICKEL (JUL.) 612.10 613.50 1.4 0.23%
LEAD (JUL.) 148.35 143.25 -5.1 -3.44%
ZINC (JUL.) 179.30 177.45 -1.85 -1.03%
ALUMINIUM (JUL.) 123.20 122.50 -0.7 -0.57%

3. 24 JULY to 28 JULY
3
FUNDAMENTAL VIEW:- Gold prices edged higher on Friday, buoyed by a second day of heavy selling in the dollar amid renewed political
uncertainty in Washington on reports that special counsel Robert Mueller will expand his investigation to include President Trump’s pri-
vate business dealings. Gold futures for August delivery on the Comex division of the New York Mercantile Exchange rose by $8.46, or
0.68%, to $1,254.06 a troy ounce.
TECHNICAL VIEW:- This week GOLD will be in bullish trend, as in last week it was closed around 27996 and this week it was opened at
28050 . This is the main reason it was up and it was bullish around 28100 to 28559 , and hence we can see it more up .However, if it gives
the break out resistance level of 29000 we can see it for more up till 29500/ if it gives the break out to more up level 30000
GOLD (AUGUST)
WEEKLY
R3 29450
R2 28900
R1 28730
Pivot 28370
S1 28200
S2 27850
S3 27300
WEEKLY
OPEN 28050
HIGH 28559
LOW 28025
CLOSE 28548
CHANGE 558
%
CHANGE
1.99%
GOLD (AUG) LEVEL TGT-1 TGT-2 STOP LOSS
BUY ON DIPS 28150 28350 28550 27900
SELL ON RISE 28900 28700 28500 29150

4. 24 JULY to 28 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., it could be getting set to rally again. The precious metal is currently trading at $16.50 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 relatively 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 bullish trend, as in last week it was closed around 37198 and this week it was opened at
37198 This is the main reason it was up from 37100 to ,38150 and hence we can see it upwards. However, if it gives the break out level
of we can sell it for more up side till 38000/ if it gives the break out to more up ward level 38300.
WEEKLY
R3 40000
R2 38900
R1 38500
Pivot 37750
S1 37400
S2 36680
S3 3550
WEEKLY
OPEN 37198
HIGH 38170
LOW 37060
CLOSE 38153
CHANGE 1190
%
CHANGE
3.22%
SILVER(SEP.) LEVEL TGT-1 TGT-2 STOP LOSS
BUY ON DIPS 37500 38200 39000 36700
SELL ON RISE 38200 37500 36800 39000
SILVER (SEP)

5. 24 JULY to 28 JULY
5
FUNDAMENTAL VIEW:- Crude futures settled lower on Friday, as sentiment on oil soured after data indicating that Opec’s supply was
set to rise compared to June reduced investor confidence in Opec’s ability to curb production.On the New York Mercantile Exchange crude
futures for July delivery fell 2.5% to settle at $45.77 a barrel, while on London's Intercontinental Exchange, Brent dropped 2.76% to trade
at $47.94 a barrel. Opec's July oil supply was set to rise by 145,000 barrels per day (bpd) compared to June, Reuters reported citing data
from PetroLogistics, a company that tracks Opec supply forecasts.
TECHNICAL VIEW:- This week crude oil will be in bullish trend, as in last week it was closed around 2990 . and this week it was opened
at 3005 This is the main reason it was up around 3084 , and hence we can see it more up .However, if it gives the break out level of _2980
we can buy it for more up side till 3100 if it gives the break out to more upward level
CRUDE (AUG.)
WEEKLY
R3 3265
R2 3130
R1 3045
Pivot 2995
S1 2910
S2 2860
S3 2725
WEEKLY
OPEN 3005
HIGH 3084
LOW 2949
CLOSE 2960
CHANGE -34
%
CHANGE
-1.14%
CRUDE (JULY) LEVEL TGT-1 TGT-2 STOP LOSS
BUY ON DIPS 2905 3005 3105 28000
SELL ON RISE 3000 2900 2800 3150

6. 24 JULY to 28 JULY
6
FUNDAMENTAL VIEW:- Seeking a more positive spin on U.S.-China economic talks viewed as ending in discord, China said on Last week
that the two sides agreed to "active and effective measures" to reduce global excess steel production capacity. The statement issued a day
after the talks by the Chinese embassy in Washington did not elaborate on the measures discussed by U.S. Commerce Secretary Wilbur
Ross and Chinese Commerce Minister Zhong Shan on Wednesday. It is also the project President Donald Trump's Commerce Secretary,
Wilbur Ross, had in mind as he began crafting a "hit list" of regulations that should be killed to speed industrial permitting.
TECHNICAL VIEW:- This week copper will be in bullish trend, as in last week it was closed around 383.65 and this week it was opened
at 385.95 This is the main reason it was up around 391.80, and hence we can see it more up .However, if it gives the break out level of 392 ,
we can sell from up side around 390 if it gives the break out to more downward level373
COPPER (AUG)
WEEKLY
R3 402
R2 395
R1 392
Pivot 388.50
S1 385
S2 381.50
S3 375
WEEKLY
OPEN 385.95
HIGH 391.80
LOW 384.95
CLOSE 389.10
CHANGE 5.25
%
CHANGE
1.37%
COPPER (AUG) LEVEL TGT-1 TGT-2 STOP LOSS
BUY ABOVE 392 402 412 377
SELL ON RISE 390 380 370 405

7. 24 JULY to 28 JULY
7
FUNDAMENTAL VIEW:- U.S. natural gas futures rose to a fresh three-week high on Last week, after data showed that domestic supplies
in storage rose less than anticipated last week. U.S. natural gas for August delivery rose to a session high of $3.110 per million British ther-
mal units, its highest since June 29. It was last at $3.085 by 10:50AM ET (1450GMT), up 1.9 cents, or around 0.6%. Futures were at around
$3.110 prior to the release of the supply data. Prices finished lower for the first time in four sessions on last week.
TECHNICAL VIEW:-.This week Natural gas will be in bullish trend, as in last week it was closed around 192.30 and this week it was
opened at 193 This is the main reason it was up around 193 to 200.80, and hence we can see it upwards. However, if it gives the break out
level of 190 we can sell it for downside till 180 if it gives the break out to more downward level 170
NATURAL GAS (JULY)
WEEKLY
R3 212.50
R2 204
R1 198.50
Pivot 195.50
S1 190
S2 187
S3 178.50
WEEKLY
OPEN 193
HIGH 200.80
LOW 192.30
CLOSE 193.40
CHANGE 1.1
%
CHANGE
0.57%
N.GAS(JULY) LEVEL TGT-1 TGT-2 STOP LOSS
BUY ON DIPS 173 181 189 160
SELL ON RISE 201 193 185 213

8. 24 JULY to 28 JULY
8
STATUS OF OUR LAST WEEKLY RECOMMENDATIONS
PRODUCT
RECOMMENDATIONS PROFIT/LOSS STATUS
BUY GOLD ABOVE 27850-27900 TGT 28150-28700 SL 27300 BE-
LOW
0 NOT EXECUTED
GOLD
SELL GOLD BELOW 27500 TGT 27200-26750 SL 27800 0 NOT EXECUTED
BUY SILVER ABOVE 36600 -36670 TGT 37300-38200 SL
35800BELOW
0 NOT EXECUTED
SILVER
SELL SILVER BELOW 38100-38250 TGT 37400 36400 SL 39100
ABOVE
0 CLOSE IN COST
CRUDE OIL BUY CRUDEOIL ABOVE 2910 TGT 3010-3120 SL 2810 BELOW 0 NOT EXECUTED
SELL CRUDEOIL BELOW3040 TGT 2940-2810 SL 3145 ABOVE 7500 CLOSE IN PROFIT
BUY NATURAL GAS ABOVE 189 TGT 198.5 -207 SL 180BELOW 0 NOT EXECUTED
NATURAL GAS SELL NATURAL GAS BELOW 203 TGT 194-189 SL 212 ABOVE 0 NOT EXECUTED
COPPER BUY COPPER ABOVE 375 TGT 381-390 SL 367BELOW 0 NOT EXECUTED
COPPER SELL COPPER BELOW 386-387 TGT 379-369 SL 392.2 ABOVE -3000 CLOSE IN LOSS
P&L P&L 4500 PROFIT/ LOSS

9. 24 JULY to 28 JULY
9
ECONOMIC CALENDER
Time Cur. Event Forecast Previous
Monday, July 24, 2017
19:30 USD Existing Home Sales (Jun) 5.58M 5.62M
Tuesday, July 25, 2017
19:30 USD CB Consumer Confidence (Jul) 116.6 118.9
Wednesday, July 26, 2017
19:30 USD New Home Sales (Jun) 615K 610K
20:00 USD Crude Oil Inventories -4.727M
23:30 USD FOMC Statement
23:30 USD Fed Interest Rate Decision 1.25% 1.25%
Thursday, July 27, 2017
18:00 USD Core Durable Goods Orders (MoM) (Jun) 0.40% 0.30%
20:00 USD Natural Gas Storage 28B
Friday, July 28, 2017
20:30 USD GDP (QoQ) (Q2) 2.60% 1.40%

10. 24 JULY to 28 JULY
10
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