Gold prices traded below breakeven, as investor demand for the yellow metal eased on the back of a trio of mostly upbeat economic reports suggesting that the U.S. economy remained robust. Gold futures for August delivery on the Comex division of the New York Mercantile Exchange fell by $3.07, or 0.25%, to $1,242.53 a troy ounce. Gold is on course to post its first monthly loss this year, as better than expected manufacturing and consumer sentiment data underpinned a move higher in the greenback, lessening demand for dollar-dominated gold.

1. 3 JULY to 7 JULY
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3 TO 7 JULY 2017
Monday-Friday
COMMODITY WEEKLY REPORT

2. 3 JULY to 7 JULY
2
COMMODITIES PREVIOUS WEEK
MCX
23-6-2017
CLOSING PRICE
30-6-2017
CLOSING PRICE
VALUE
CHANGED
% CHANGED
GOLD (AUG) 28753 28471 -282 -0.98%
SILVER (JUL) 38510 38411 -99 -0.26%
CRUDE OIL (JUL) 2781 2972 191 6.87%
NATURAL GAS (JUL) 189.10 194.20 5.1 2.70%
COPPER (AUG) 373.85 388.80 14.95 4.00%
NICKEL (JUL.) 584.60 606.50 21.9 3.75%
LEAD (JUL.) 142.70 148.15 5.45 3.82%
ZINC (JUL.) 174.35 178.95 4.6 2.64%
ALUMINIUM (JUL.) 120 123.90 3.9 3.25%

3. 3 JULY to 7 JULY
3
FUNDAMENTAL VIEW:- Gold prices traded below breakeven, as investor demand for the yellow metal eased on the
back of a trio of mostly upbeat economic reports suggesting that the U.S. economy remained robust. Gold futures for
August delivery on the Comex division of the New York Mercantile Exchange fell by $3.07, or 0.25%, to $1,242.53 a troy
ounce. Gold is on course to post its first monthly loss this year, as better than expected manufacturing and consumer
sentiment data underpinned a move higher in the greenback, lessening demand for dollar-dominated gold.
TECHNICAL VIEW:- This week GOLD will be in bullish trend, as in second last week it was closed around 28734 and
this week it was opened at 28450. This is the main reason it was down and it was consolidated around28350 to 28725,
and hence we can see it more upwards. However, if it gives the break out level of 28350, we can sell it for more down-
side till 2800 if it gives the break out to more downward level.
GOLD (AUGUST)
WEEKLY
R3 29250
R2 28850
R1 28650
Pivot 28500
S1 28270
S2 28100
S3 27730
WEEKLY
OPEN 28450
HIGH 28725
LOW 28349
CLOSE 28425
CHANGE -282
%
CHANGE
-0.98%
GOLD (AUG) LEVEL TGT-1 TGT-2 STOP LOSS
BUY ON DIPS 28400-28420 28600 28800 28150
SELL ON RISE 28900` 28700 28500 2150

4. 3 JULY to 7 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 $16.533, 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 bullish trend, as in second last week it was closed around 38488 and this week it
was opened at 38130 This is the main reason it was down and it was consolidated around38920 to 37725, and hence we can see it
more upwards. However, if it gives the break out level of 38200, we can sell it for more downside till 37600 , if it gives the break out
to more downward level.
WEEKLY
R3 40400
R2 39400
R1 38900
Pivot 38400
S1 37900
S2 37400
S3 36400
WEEKLY
OPEN 38130
HIGH 38920
LOW 37925
CLOSE 38411
CHANGE -99
%
CHANGE
-0.26%
SILVER(JUL) LEVEL TGT-1 TGT-2 STOP LOSS
BUY ON DIPS 38400 39000 39600 37700
SELL ON RISE 39600 39000 38400 40400
SILVER (SEP)

5. 3 JULY to 7 JULY
5
FUNDAMENTAL VIEW:- Crude futures extended gains for the seventh day in a row as data showed the number of active U.S. drill-
ing rigs declined for the first time since January suggesting that U.S. production could be tightening, easing oversupply jitters. On the
New York Mercantile Exchange crude futures for August delivery added $1.11 to settle at $46.04 a barrel, while on London's Inter-
continental Exchange, Brent gained $0.53 flat at $48.60 a barrel.
TECHNICAL VIEW:-
This week crude oil will be in bullish trend, as in second last week it was closed around 2777 and this week it was opened at 2792
This is the main reason it was down around2757 , and hence we can see it more upwards. However, if it hold the support level of
2880, we can buy it for more upside till 3100, if it gives the break out to more upside level.
CRUDE (JULY)
WEEKLY
R3 3330
R2 3115
R1 3045
Pivot 2900
S1 2828
S2 2685
S3 2470
WEEKLY
OPEN 2792
HIGH 2992
LOW 2757
CLOSE 2972
CHANGE 191
%
CHANGE
6.87%
CRUDE (JULY) LEVEL TGT-1 TGT-2 STOP LOSS
BUY ON DIPS 2880-2890 2980 3080 2620
SELL ON RISE 3120 3020 29020 3250

6. 3 JULY to 7 JULY
6
FUNDAMENTAL VIEW:- Copper futures touched their highest level since April 5, driven by better than expected factory growth in
top metals consumer China. According to data released early Friday, 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 bullish trend, as in second last week it was closed around 377.20 and this week it
was opened at 377.05 This is the main reason it was down around 375.65, and hence we can see it more upwards. However, if it
gives the break out level of 391, we can buy it for more upside till 420, if it gives the break out to more upside level.
COPPER (JUNE)
WEEKLY
R3 420
R2 402
R1 395
Pivot 383
S1 376
S2 365
S3 346
WEEKLY
OPEN 375
HIGH 390.25
LOW 371.95
CLOSE 388.25
CHANGE 14.95
%
CHANGE
4.00%
COPPER (AUG) LEVEL TGT-1 TGT-2 STOP LOSS
BUY ON DIPS 372-375 383 393 357
SELL ON RISE 420 410 400 435

7. 3 JULY to 7 JULY
7
FUNDAMENTAL VIEW:- 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. 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%. 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 second last week it was closed around 189 and this week it
was opened at 192.40 This is the main reason it was UP around 202.10, and hence we can see it upwards. However, if it hold the level
of 175 , we can buy it for more upside till 210 , if it gives the break out to more upside level.
NATURAL GAS (JULY)
WEEKLY
R3 217
R2 207
R1 201
Pivot 196
S1 188.50
S2 185.50
S3 175
WEEKLY
OPEN 192.40
HIGH 202.10
LOW 191.80
CLOSE 194.20
CHANGE 5.1
%
CHANGE
2.70%
N.GAS(JULY) LEVEL TGT-1 TGT-2 STOP LOSS
BUY ON DIPS 176 184 192 164
SELL ON RISE 207 199 181 220

8. 3 JULY to 7 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- 28450TGT 28620-28820 SL 28170BE-
LOW
0 CLOSED AT COST
GOLD
SELL GOLD BELOW 28900 TGT 28700-28500 SL 29150 0 NOT EXECUTED
BUY SILVER ABOVE 38150-TGT 38750-39500 SL 37400 BELOW 18000 TGT ACHIEVED
SILVER SELL SILVER BELOW 38500 TGT 37900 37700SL 39300 ABOVE 4680 CLOSE IN PROFIT
CRUDE OIL BUY CRUDEOIL ABOVE 2760-2800 TGT 2900-3000 SL 2650 BELOW 14000 TGT ACHIEVED
SELL CRUDEOIL BELOW 3100 TGT 3000 2900 SL 3250 ABOVE 0 NOT EXECUTED
BUY NATURAL GAS ABOVE 192 TGT 200-208 SL 180. BELOW 10000 TGT ACHIEVED
NATURAL GAS SELL NATURAL GAS BELOW 201 TGT 193- 185 SL 215 ABOVE 10000 TGT ACHIEVED
COPPER BUY COPPER ABOVE 365 TGT 375-385 SL 350 BELOW 0 NOT EXECUTED
COPPER SELL COPPER BELOW 390 TGT 380-370 SL 405 ABOVE 1250 CLOSED IN PROFIT
P&L P&L 57930 PROFIT/ LOSS

9. 3 JULY to 7 JULY
9
ECONOMIC CALENDER
Time Cur. Events Forecast Previous
Monday, July 3, 2017
United States - Independence Day - Close at 13:00
19:30 USD ISM Manufacturing PMI (Jun) 55.2 54.9
Tuesday, July 4, 2017
All Day United States - Independence Day
Wednesday, July 5, 2017
23:30 USD FOMC Meeting Minutes
Thursday, July 6, 2017
18:00 USD Initial Jobless Claims 244K
20:00 USD Natural Gas Storage 46B
20:30 USD Crude Oil Inventories 0.118M
20:30 USD Cushing Crude Oil Inventories -0.297M
Friday, July 7, 2017
18:00 USD Nonfarm Payrolls (Jun) 180K 138K
18:00 USD Unemployment Rate (Jun) 4.30% 4.30%
20:00 USD Natural Gas Storage 46B

10. 3 JULY to 7 JULY
10
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