Commodity Research Report 05 June 2018 Ways2Capital

HIGH BROW MARKET RESEARCH INVESTMENT ADVISOR PVT. LTD.

2 Copyright © 2018 Ways2Capital. All rights reserved 04/06/2018
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 29-Jun-18 153.10 154.95 156.05 152.00 155.25 1.40% -22.04% 8.73%
Copper 29-Jun-18 461.80 461.00 467.70 450.85 458.85 -0.64% -3.36% -5.65%
Crude Oil 19-Jun-18 4597 4580 4628 4417 4428 -3.68% 7.35% -21.92%
Gold 03-Aug-18 31472 31440 31596 30875 30909 -1.79% -24.44% 12.18%
Lead 29-Jun-18 164.45 163.60 167.10 158.10 164.90 0.27% -45.56% -50.23%
Natural Gas 26-Jun-18 199.50 200.50 203.40 194.20 198.40 -0.55% -18.39% -3.87%
Nickel 29-Jun-18 994.10 990.10 1033.70 988.30 1030.30 3.64% 47.45% 46.79%
Silver 05-Jul-18 40267 40203 40220 39482 39537 -1.81% 18.36% -1.84%
Zinc 29-Jun-18 207.05 207.65 213.10 206.05 207.70 0.31% -8.59% 6.04%
Castor Seed 20-Jun-18 4002 4006 4008 3874 3972 -0.75% -1.58% 145.98%
Chana 20-Jun-18 3637 3631 3650 3483 3550 -2.39% 4.60% 34.51%
Dhaniya 20-Jun-18 4541 4548 4600 4275 4330 -4.65% 6.09% 77.36%
COCUDAKL 20-Jun-18 1300.00 1307.00 1385.00 1300.00
1373.0
0
5.62% -6.04% -6.90%
Guargum5 20-Jun-18 8232 8185 8185 7485 7685 -6.64% 4.69% -16.17%
Guarseed10 20-Jun-18 3842.00 3830.00 3830.00 3600.50 3672.0 -4.42% 3.56% -9.28%
Jeera 20-Jun-18 16105 16080 16450 15980 16180 0.47% -0.35% 0.64%
RMseed 20-Jun-18 4019 4008 4009 3869 3962 -1.42% -1.47% 55.89%
Ref Soya Oil 20-Jun-18 773.90 772.00 774.10 760.25 761.85 -1.56% -1.64% 67.83%
Soyabean 20-Jun-18 3738 3720 3728 3525 3570 -4.49% -7.18% 132.49%
Turmeric 20-Jun-18 7146 7150 7250 7004 7110 -0.50% -3.28% -31.13%
Mentha Oil 29-Jun-18 1338.00 1300.00 1310.00 1128.50 1150.7 -14.00% -42.44% -9.27%
USDINR 27-Jun-18 67.7650 67.5500 68.2100 67.1875 67.2575 -0.75%
GBPINR 27-Jun-18 90.4025 90.1350 90.6850 89.4000 89.7150 -0.76%
JPYINR 27-Jun-18 61.9375 61.6000 62.9125 61.4500 61.6825 -0.41%
EURINR 27-Jun-18 79.3225 79.1000 79.4700 78.3900 78.8400 -0.61%

International Market Wrap-up
Commodity Exchange
Previous
Close
Open High Low Close % Change in Price
Market Wrap-Up
Aluminium LME 2261.25 2264.25 2304.75 2247.50 2296.25 1.55%
Copper COMEX 3.077 3.080 3.112 3.011 3.091 0.45%
Crude Oil NYMEX 67.48 67.44 68.66 65.52 65.72 -2.61%
Gold COMEX 1301.20 1229.80 1306.80 1288.90 1293.00 -0.63%
Lead LME 2435.50 2487.00 2464.75 2457.00 2464.75 1.20%
Natural Gas NYMEX 2.929 2.964 3.001 2.865 2.982 1.81%
Nickel LME 14730.00 14860.00 15677.50 14692.50 15410.00 4.62%
Silver COMEX 16.520 16.530 16.615 16.325 16.420 -0.61%
Zinc LME 3058.00 3060.50 3163.75 3044.75 3088.00 0.98%

Inventory Updates
LME Inventory
Commodity
Closing In Tonnes
(As on 1st June 2018)
Closing In Tonnes
(As on 25th May 2018)
% Change in Price
Continued…….
Copper 311525 300125 3.80%
Nickel 290604 296898 -2.12%
Lead 133550 133300 0.19%
Zinc 245750 229275 7.19%
Aluminium 1205875 1227900 -1.79%

Inventory Updates
2.2
2.2
-2.2 -1.4
5.8
-3.6
4485
4512
4806
4840 4913
4517
4200
4300
4400
4500
4600
4700
4800
4900
5000
-6
-4
-2
0
2
4
6
8
ClosingPrice
ChaneinInventory(inMillion)
CrudeOil Inventory vs Price Analysis
Inventory Change Price
-18
-18
89
106
91 96
180.1
182.2
190.8
196.3
203.7
199.5
165
170
175
180
185
190
195
200
205
210
-40
-20
0
20
40
60
80
100
120
ClosingPrice
ChangeinInventory(inBillion)
Natural Gas Inventory vs Price Analysis
Inventory Change Price

Market Next Week
Currency Weekly Pivots
Currency Pair Contract R3 R2 R1 PP S1 S2 S3
Continued…….
USDINR 27-Jun-18 69.6000 68.5500 67.9000 67.5500 66.9000 66.5500 65.5000
GBPINR 27-Jun-18 92.5000 91.2500 90.5000 89.9500 89.2000 88.6500 87.4000
JPYINR 27-Jun-18 64.9500 63.4500 62.5500 62.0000 61.1000 60.5500 59.1000
EURINR 27-Jun-18 81.0500 80.0000 79.4000 78.9000 78.3500 77.8000 76.7500
Upcoming Economic Events Calender
Time Curreny Event Forecast Previous
Monday, June 4, 2018
14:00 GBP Construction PMI (May) 52 52.5
19:30 USD Durable Goods Orders (MoM) - -1.70%
19:30 USD Factory Orders (MoM) (Apr) -0.50% 1.60%
Tuesday, June 5, 2018
4:31 GBP BRC Retail Sales Monitor (YoY) (May) -0.80% -4.20%
7:15 CNY Caixin Services PMI (May) 53 52.9
14:00 GBP Services PMI (May) 53 52.9
19:30 USD ISM Non-Manufacturing Employment (May) - 53.60
19:30 USD ISM Non-Manufacturing PMI (May) 57.5 56.80
Wednesday, June 6, 2018
18:00 USD Nonfarm Productivity (QoQ) (Q1) 0.60% 0.70%
18:00 USD Trade Balance (Apr) -49.10B -49.00B
18:00 USD Unit Labor Costs (QoQ) (Q1) 2.80% 2.70%
20:00 USD Crude Oil Inventories
Thursday, June 7, 2018
13:00 GBP Halifax House Price Index (MoM) (May) 0.90% -3.10%
18:00 USD Initial Jobless Claims 225K 221K
Friday, June 8, 2018
6:41 CNY Exports (YoY) (May) 6.30% 12.70%
6:41 CNY Imports (YoY) (May) 16.00% 21.50%
6:41 CNY Trade Balance (USD) (May) 24.70B 28.38B
14:00 GBP Industrial Production (MoM) (Apr) - 0.10%
14:00 GBP Manufacturing Production (MoM) (Apr) -0.20% -0.10%

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 29-Jun-18 162.55 158.50 156.90 154.45 152.85 150.40 146.35
Copper 29-Jun-18 492.85 476 467.45 459.15 450.6 442.30 425.45
Crude Oil 19-Jun-18 4913 4702 4565 4491 4354 4280 4069
Gold 03-Aug-18 32569 31848 31378 31127 30657 30406 29685
Lead 29-Jun-18 181.35 172.35 168.60 163.35 159.60 154.35 145.35
Natural Gas 26-Jun-18 217.05 207.85 203.10 198.65 193.90 189.45 180.25
Nickel 29-Jun-18 1108 1063 1047 1017 1001 972 927
Silver 05-Jul-18 41222 40484 40011 39746 39273 39008 38270
Zinc 29-Jun-18 223.05 216.00 211.85 208.95 204.80 201.90 194.85
Castor Seed 20-Jun-18 4219 4085 4029 3951 3895 3817 3683
Chana 20-Jun-18 3895 3728 3639 3561 3472 3394 3227
Dhaniya 20-Jun-18 5052 4727 4528 4402 4203 4077 3752
COCUDAKL 20-Jun-18 1523 1438 1405 1353 1320 1268 1183
Guargum5 20-Jun-18 9185 8485 8085 7785 7385 7085 6385
Guarseed10 20-Jun-18 4160 3930 3801 3701 3572 3471 3242
Jeera 20-Jun-18 17143 16673 16427 16203 15957 15733 15263
RMseed 20-Jun-18 4227 4087 4024 3947 3884 3807 3667
Ref Soya Oil 20-Jun-18 793 779 771 765 757 752 738
Soyabean 20-Jun-18 4014 3811 3690 3608 3487 3405 3202
Turmeric 20-Jun-18 7613 7367 7239 7121 6993 6875 6629
Mentha Oil 29-Jun-18 1559 1378 1264 1196 1083 1015 833

BULLION
Global stocks slid on trade concerns, but gold failed to capitalize on the fleeting
liquidity as the dollar gained ground and heaped pressure on commodities while
markets await the US payrolls report.Gold last traded at $1,298.21 an ounce, not
far from the opening price, with an intra day low at %1,297.93, and a high at
$1,300.63.The Gold is bearish for mediumlong term .Currently Gold is in strong
downtrend with good momentum but volume is unsatisfactory . In last few days
volume based selling happened in the Gold. The MACD is showing sell signal For
short term Gold is in sell position.Immediate support for Gold is 30530.Resistance
for the Gold is 31600.
BASE METALS
Nickel prices must embark on a sustained advance before metal to meet demand
for electric vehicle (EV) batteries will emerge, according to industry experts.The
London Metal Exchanges threemonth nickel contract has risen substantially this
year though industry experts said it still isn’t high enough to generate additional
supply. The contract closed at $15,210 per tonne on May 31, a 19.5% increase
from $12,730 per tonne on January 2, the first trading day of the year.
ENERGY
MCX Fundamentals
US crude fell 1.7% yesterday, the first loss in three days, while losing 2.6%
in May on prospects of increased output by OPEC and Russia to counter
potential shortages from Iran and Venezuela due to US sanctions.US crude
fell 1.5% so far this week heading for the second weekly loss in a row.
Natural gas futures rose over two percent to early February highs as the
dollar index fell off November 7 peak following earlier data from China the
world's largest energy importer and the US including the EIA inventory re-
port.

SPICES
.
NCDEX Fundamentals
OILSEEDS
Strong recovery was noted for Mentha last week as prices found strong support
at these levels after the recent dips. Even as harvesting season nears a rising
demand at these lower rates are supporting prices. Good crop sowing reports
have been noted earlier this year. The peak harvest season will be June and July
therefore traders expect the harvesting activities to pick up in coming weeks.
soybean prices during greater part of the week but short covering at strong sup-
port levels on Friday took prices higher. Prices are down nearly 4.5 % week on
week. However in coming weeks soybean will be supported at lower levels, due
to positive tone in RM seed and limiting supplies.
GUAR COMPLEX
Moderate recovery was noted towards end of last week as market reports
suggest export demand gradually picking up at these lower levels. However,
persistent favourable reports on the weather front pressurized prices. Early
Monsoon arrival report from the IMD and its satisfactory progress as of now
kept trend down. Monsoon progress towards the growing areas in Rajasthan
remains an important factor in determining the future price movement for
Guar as sowing depends on that.
After the recent highs markets failed to hold onto the higher levels for Jeer as
profit booking was noted towards end of last week. Prices however are likely to
find some support at these levels with overall sentiments remaining firm. Rising
export demand from China amidst falling arrivals kept supporting the price.
Trend remained slight weak for Turmeric last week as good monsoon reports kept
pressure on prices as it neared the psychological 7000 mark. Prospects of rising
export and domestic demand could support prices but early arrival of Monsoon
and its expected favourable impact on the new crop sowing kept uptrend limited.
OTHERS
Drop in selling interest due to cheapening offers and weekend short covering
resulted in a firm futures market on Friday. The broader view remains unchanged
i.e.ongoing summer demand, lowering arrivals and drop in the crop acreage shall
be influential in keeping the trend supported in forthcoming months.As per Cot-
ton 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 sup-
ply is estimated at 412 lakh bales. Higher consumption of 330 lakh bales has
been reported with increased export possibilities by 5 lakh bales to 60 lakh
bales .

After the sharp up trend rally aluminium prices trading in range between the level of 160 to 152. And recently market
is getting bounce back from support level and we are expecting that market can go higher to the level of 160 from the
current level supported by the 100 days moving average. Relative strength index showing positive movement in sus-
taining above the level 50 supporting bullish trend. We suggest to make buy position above the level of 156.50 for the
target of 159.50 with the stop loss of 155.50
Calls of the Week (MCX)
WEEKLY STRATEGY
PERTICULAR DETAILS
LEAD
ALUMINIUM
WEEKLY STRATEGY
PERTICULAR DETAILS
Action SELL
Entry Range BELOW 163
Target 161
SL 164.10
Action Buy
Entry Range Above 156.50
Target 159.50
SL 155.50
From last couple of trading days market is trading in range between the level of 167 to 163 and continuously marking
lower highs indicating negative sentiment in short term to mid term basis. Also recently market has been broken its
support trend line appear on the image. It is having near support at the level of 163 resistance place at the level of 165.
One can make sell position below the level of 163 for the target of 161 with the Stop loss of 164.10

From last couple of trading weeks market is trading in range between the level of 4300 to 4390 with the negative senti-
ment support by 100 days moving average and recently market broken its up trend channel on its hourly chart indicat-
ing bearish trend from short term to mid term basis. It is having important support at the level of 4270 while resistance
place at the level of 4400 .One can make sell position below the support level of 4270 for the target of 4130 with stop
loss of 4330.
Calls of the Week (NCDEX)
WEEKLY STRATEGY
PERTICULAR DETAILS
RAMSEED
DHANIYA
The primary trend of Rmseed is bullish and market is continuously making new high 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 ba-
sis. Relative strength index showing positive movement in sustaining above the level 60 supporting bullish
trend. Market can face Immediate support at the level of 3905, while Resistance at the level of 3990.
WEEKLY STRATEGY
PERTICULAR DETAILS
Action Buy
Entry Range Above3980
Target 4110
SL 3925
Action Sell
Entry Range Below 4270
Target 4130
SL 4330

Calls of the Week (FOREX)
WEEKLY STRATEGY
PERTICULAR DETAILS
JPYINR
EURINR
WEEKLY STRATEGY
PERTICULAR DETAILS
Last week JPYINR Jun Futures started the week on negative note and after that it witnessed choppy movement for the
entire week. It made a low of 61.6100 during the week and closed at 61.6825 with the overall loss of almost 1% on
weekly basis. Technically it formed reversal candlestick pattern on weekly charts with negative RSI & for this week, we
can expect further downside movement in it.For this week, if it breaks the level of 61.2100 then it can test the level of
60.7125 during the week. One can make sell position in it by maintaining a SL 61.5525
Action Sell
Entry Range Below 78.3900
Target 77.7900
SL 78.7125
Action Sell
Entry Range Below 61.2100
Target 60.7125
SL 61.5525
Last week EURINR Jun Futures started the week on negative note and after that it witnessed sideways move for the
remaining part of the week. It made a low of 78.3900 during the week and closed at 78.8400 with the overall loss of
0.61% on weekly basis. Technically for this week, we can expect further downside movement in it as sustaining near to
the major support level 78.2950 with the negative RSI.For this week, if it breaks the level of 78.3900 then it can test
the level of 77.7900 during the week. One can make sell position in it by maintaining a SL 78.7125

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or views contained in this research report.
ररपोटा नवश्लेषकों द्वारा तैयार की गयी है जो द्वारा हाई ब्रो माकेट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड द्वारा ननयुक्त हैं | इस ररपोटा में व्यक्त सभी नवचार कंपनी के बारे में व्यनक्तगत नवचारों को दशााता है और कं पननयों और उनकी
प्रनतभूनतयां और क्षनतपूर्तत (मुआवजे) का कोई नहस्सा, या इस शोध ररपोटा में नननहत नवशेष सुझावों या नवचारों से प्रत्यक्ष या अप्रत्यक्ष रूप से संबंनधत नहीं होगा।
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 05 June 2018 Ways2Capital

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