Gold prices remained close to nine-and-a-half-month highs last week, shrugging off a rebound in the dollar, as a weak nonfarm payrolls report fuelled demand for the precious metal. Gold futures for December delivery on the Comex division of the New York Mercantile Exchange rose $7.64, or 0.58%, to $1,329.25 a troy ounce.

1. 4 Sept to 8 Sept
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4 to 8 Sep. 2017
Monday-Friday
COMMODITY WEEKLY REPORT

2. 4 Sept to 8 Sept
2
COMMODITIES PREVIOUS WEEK
MCX
25-8-2017
CLOSING PRICE
1-9-2017
CLOSING PRICE
VALUE
CHANGED
% CHANGED
GOLD (OCT.) 29162 29816 654 2.24%
SILVER (SEP.) 39014 40950 1936 4.96%
CRUDE OIL (SEP.) 3060 3022 -38 -1.24%
NATURAL GAS (SEP.) 185.10 196.90 11.8 6.37%
COPPER (NOV.) 427.60 442.10 14.5 3.39%
NICKEL (SEP.) 730.40 774 43.6 5.97%
LEAD (SEP.) 147.35 152.70 5.35 3.63%
ZINC (SEP.) 195.65 204.75 9.1 4.65%
ALUMINIUM (AUG.) 131.30 135.85 4.55 3.47%

3. 4 Sept to 8 Sept
3
FUNDAMENTAL VIEW:- Gold prices remained close to nine-and-a-half-month highs last week, shrugging off a rebound in the dollar, as a
weak nonfarm payrolls report fuelled demand for the precious metal. Gold futures for December delivery on the Comex division of the
New York Mercantile Exchange rose $7.64, or 0.58%, to $1,329.25 a troy ounce. Gold pared some its gains, following its move to a nine-and
-half-month high, as market participants downplayed the impact weak job and wage growth in August could have on the Federal Reserve’s
plans to hike rates later this year.
TECHNICAL VIEW:- MCX Gold last week was in bullish trend and given good resistance breakout and closed above its important level of
29800. For upcoming week it may continue its upward rally. It has major resistance level of 30000 if its price manages above this level
then it may give good upside movement and test next resistance level of 30500. On downward side it has crucial support level of 29400 if
it has sustain below this level then its price may drag down towards next support level of 29000.
GOLD (OCT)
WEEKLY
R3 31170
R2 30400
R1 30100
Pivot 29640
S1 29350
S2 28880
S3 28100
WEEKLY
OPEN 29195
HIGH 29937
LOW 29173
CLOSE 29816
CHANGE 654
%
CHANGE
2.24%
GOLD (OCT) LEVEL TGT-1 TGT-2 STOP LOSS
BUY IN RANGE 29600-650 30100 30600 29200
SELL BELOW 29200 28850 28300 29650

4. 4 Sept to 8 Sept
4
FUNDAMENTAL VIEW:- .The precious metal is currently trading at $17.71 around, relatively close to key support. 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
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 weeks more.
TECHNICAL VIEW:- . MCX Silver last week was in bullish trend and given good trend line breakout and manages its higher level. For up-
coming week if its price manages to hold above its major psychological resistance level of 41000 then it may give good upside movement
and test next resistance level of 42000. On downward side it has crucial support level of 39800 if its price sustains below this level then it
may go towards next support level of 38500.
WEEKLY
R3 43050
R2 41800
R1 41380
Pivot 40540
S1 40100
S2 39230
S3 37900
WEEKLY
OPEN 39729
HIGH 40970
LOW 39698
CLOSE 40950
CHANGE 1936
% CHANGE 4.96%
SILVER(SEP.) LEVEL TGT-1 TGT-2 STOP LOSS
BUY IN RANGE 40500-40600 41300 42000 39800
SELL BELOW 39800 39300 38500 40600
SILVER (SEP)

5. 4 Sept to 8 Sept
5
FUNDAMENTAL VIEW:- Crude futures settled modestly higher last week, but posted a weekly loss, as the shutdown of several refiner-
ies in the wake of tropical storm Harvey weighed on refinery activity reducing demand for oil. crude for Oct delivery rose 6 cents to settle
at $47.29 a barrel, while on London's Intercontinental Exchange, Brent sank 27 cents to trade at $29 a barrel. Exactly a week after Tropical
Storm Harvey crossed the Gulf of Mexico off Port O'Connor, Texas, nearly a quarter of U.S. refining capacity has been taken offline, repre-
senting roughly 4.4 million barrels per day, weighing on demand for crude oil, the primary input at refineries.
TECHNICAL VIEW:- MCX Crude oil last week was trading under a tight range. On upward side it has taking resistance of its trend line
which is near to its major resistance of 3070, if its price manages above this level than can see good upside movement towards next re-
sistance level of 3200. On downward side it has crucial support level of 2920 below this level it can continue its down ward trend and test
its next support level of 2800.
CRUDE (SEPT)
WEEKLY
R3 3260
R2 3130
R1 3075
Pivot 3005
S1 2950
S2 2880
S3 2750
WEEKLY
OPEN 3059
HIGH 3059
LOW 2935
CLOSE 3022
CHANGE -38
% CHANGE -1.24%
CRUDE (SEP.) LEVEL TGT-1 TGT-2 STOP LOSS
BUY IN RANGE 2990-3000 3070 3150 2930
SELL BELOW 2930 2850 2750 3000

6. 4 Sept to 8 Sept
6
FUNDAMENTAL VIEW:- Copper prices jumped to the highest in nearly three years, pushing this month's gains to 7.5%, after a better than
expected reading on Chinese manufacturing raised the outlook for continued strong demand. The Chinese factory data was “just another
bullish story to throw into the pool of bullish sentiment that we have for base metals," ING analyst Warren Patterson says while cautioning
that prices are moving away from fundamentals as speculative investors pour into base metals.
TECHNICAL VIEW:- MCX Copper last week was in bullish trend. It has given good resistance break out above closed above this level. For
upcoming week its price manages above its resistance level of 435 then it may continue its upward journey and test next resistance level of
440. On downward side it has crucial support level of 430 if its price breaches it and sustain below this level then it may test next support
level of 415.
COPPER (AUG)
WEEKLY
R3 463
R2 450
R1 446
Pivot 437
S1 433
S2 424
S3 411
WEEKLY
OPEN 429.25
HIGH 442.25
LOW 429.20
CLOSE 442.10
CHANGE 14.5
% CHANGE 3.39%
COPPER (AUG) LEVEL TGT-1 TGT-2 STOP LOSS
BUY IN RANGE 437-440 446 451 430
SELL BELOW 430 423 410 440

7. 4 Sept to 8 Sept
7
FUNDAMENTAL VIEW:- U.S. natural gas futures were lower last week, holding on to losses despite data showed that domestic supplies in
storage increased less than expected last week. U.S. natural gas for October delivery was at $2.929 per million British thermal units by
10:35AM ET (1435GMT), down 1.0 cent, or around 0.3%. Futures were at around $2.935 prior to the release of the supply data.
TECHNICAL VIEW:- This week Natural gas will be in sideways trend, as in last week it was closed around 196.90 and this week it
was opened at 196.10 This is the main reason it was UP around 202 , and hence we can see it upwards. However, if it gives the break
out level of 200 , we can sell it for more downside till 195 if it gives the break out to more downward level.
NATURAL GAS (AUG)
WEEKLY
R3 219
R2 206
R1 202
Pivot 193
S1 188
S2 179.50
S3 166.50
WEEKLY
OPEN 188.70
HIGH 197.70
LOW 184.60
CLOSE 196.90
CHANGE 11.8
% CHANGE 6.37%
N.GAS(AUG.) LEVEL TGT-1 TGT-2 STOP LOSS
BUY IN RANGE 190-193 196 205 184
SELL BELOW 184 178 170 193

8. 4 Sept to 8 Sept
8
STATUS OF OUR LAST WEEKLY RECOMMENDATIONS
RECOMMENDATIONS PROFIT/LOSS STATUS
BUY GOLD ON DIPS 28925-28980 TGT-29500-3000 SL BELOW 28500 50000 1ST TGT ALMOST HIGH 29443
SELL GOLD BELOW 28500 TGT-28000-27500 SL ABOVE-29000 0 NOT EXECUTED
BUY SILVER ON DIPS 38500-800 TGT-40200-41500 SL BELOW-37500 16800 CLOSE PROFIT 39063
SELL BELOW 37500 TGT-36000-35500 SL ABOVE 38800 0 NOT EXECUTED
BUY OCRUDEOIL ABOVE 3150 TGT-3220-330 SL BELOW 3050 0 NOT EXECUTED
SELL CRUDEOIL BELOW 3050 TGT-2950-2800 SL ABOVE 3150
-5600 CLOSE LOSS
BUY COPPER IN RANGE 409-412 TGT– -418-425 SL BELOW 404 9000 1ST TGT
SELL COPPER BELOW 404 TGT-398-325 SL ABOVE 412
10000 NOT EXECUTED
BUY NATURALGAS IN RANGE 187-190 TGT-200-210 SL BELOW 180 -1125 CLOSE LOSS
NOT GIVEN SELL NATURALGAS 0 0
P&L 80200 PROFIT BOOKED

9. 4 Sept to 8 Sept
9
ECONOMIC CALENDER
Time Cur. Event Forecast Previous
Monday, September 4, 2017
All Day United States - Labor Day
11:00 USD Investing.com Gold Index 64.50%
11:00 USD Investing.com S&P 500 Index 61.80%
Tuesday, September 5, 2017
19:30 USD Factory Orders (MoM) (Jul) -3.20% 3.00%
Wednesday, September 6, 2017
18:00 USD Trade Balance (Jul) -44.60B -43.60B
19:15 USD Markit Composite PMI (Aug) 56
19:15 USD Services PMI (Aug) 56.9
19:30 USD ISM Non-Manufacturing Employment (Aug) 53.6
19:30 USD ISM Non-Manufacturing PMI (Aug) 55.3 53.9
23:30 USD Beige Book
Thursday, September 7, 2017
18:00 USD Nonfarm Productivity (QoQ) (Q2) 1.00% 0.90%
18:00 USD Unit Labor Costs (QoQ) (Q2) 0.50% 0.60%
20:30 USD Crude Oil Inventories -5.392M
20:30 USD Cushing Crude Oil Inventories 0.689M
Friday, September 8, 2017
19:30 USD Wholesale Inventories (MoM) (Jul) 0.40%

10. 4 Sept to 8 Sept
10
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