Commodity research report 05 june 2018 ways2capital by Ways2Capital

HIGH BROW MARKET RESEARCH INVESTMENT ADVISOR PVT. LTD.

Market Wrap-Up MCX Market Wrap-Up % Change in Price

% Change in Open Interest

Commodity

Contract

Previous Close

Open

High

Low

% 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%

NCDEX Market Wrap-Up Previous Close

Open

High

Low

% Change in Price

% Change in Open Interest

% Change in Volume

Commodity

Contract

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

7485

7685

-6.64%

4.69%

-16.17%

Guarseed10

20-Jun-18

3842.00

3830.00

-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

-14.00%

-42.44%

-9.27%

3600.50 3672.0

1128.50 1150.7

Currency Market Wrap-Up Contract

Previous Close

USDINR

27-Jun-18

67.7650

67.5500

68.2100

GBPINR

27-Jun-18

90.4025

90.1350

JPYINR

27-Jun-18

61.9375

EURINR

27-Jun-18

79.3225

Currency Pair

Change in Price (in%)

67.1875

67.2575

-0.75%

90.6850

89.4000

89.7150

-0.76%

61.6000

62.9125

61.4500

61.6825

-0.41%

79.1000

79.4700

78.3900

78.8400

-0.61%

Open

High

Low

Continued…….

04/06/2018

Market Wrap-Up International Market Wrap-up Commodity Aluminium

Previous Close

Open

High

Low

% Change in Price

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%

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%

Natural Gas

Exchange

04/06/2018

Inventory Updates LME Inventory Closing In Tonnes (As on 1st June 2018)

Closing In Tonnes (As on 25th May 2018)

% Change in Price

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%

Commodity

Continued…….

04/06/2018

Inventory Updates

Crude Oil Inventory vs Price Analysis 4840

5000

4913

4900

4806

4800

5.8

2.2

4517

2 4512 2.2

4700 4600 4500

4485

-2 -2.2

-4

-3.6

-1.4

Closing Price

Chane in Inventory (in Million)

4400 4300

-6

4200

Inventory Change

Price

Natural Gas Inventory vs Price Analysis 106 203.7 91

100

199.5

190.8

195 185

20 180.1

180

182.2 -18

175

170

-18

-40

165

Inventory Change

205

190

-20

210 200

196.3

Price

04/06/2018

Closing Price

Change in Inventory (in Billion)

120

Market Next Week Upcoming Economic Events Calender Time

Curreny

Event

Forecast

52.5

-1.70%

-0.50%

1.60%

-0.80%

-4.20%

Monday, June 4, 2018 14:00

GBP

Construction PMI (May)

19:30

USD

Durable Goods Orders (MoM)

19:30

USD

Factory Orders (MoM) (Apr) Tuesday, June 5, 2018

4:31

GBP

BRC Retail Sales Monitor (YoY) (May)

7:15

CNY

Caixin Services PMI (May)

52.9

14:00

GBP

Services PMI (May)

52.9

19:30

USD

ISM Non-Manufacturing Employment (May)

53.60

19:30

USD

ISM Non-Manufacturing PMI (May)

57.5

56.80

0.60%

0.70%

-49.10B

-49.00B

2.80%

2.70%

Wednesday, June 6, 2018 18:00

USD

Nonfarm Productivity (QoQ) (Q1)

18:00

USD

Trade Balance (Apr)

18:00

USD

Unit Labor Costs (QoQ) (Q1)

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%

Currency Weekly Pivots Currency Pair

Contract

USDINR

27-Jun-18

69.6000

68.5500

67.9000

GBPINR

27-Jun-18

92.5000

91.2500

JPYINR

27-Jun-18

64.9500

EURINR

27-Jun-18

81.0500

67.5500

66.9000

66.5500

65.5000

90.5000

89.9500

89.2000

88.6500

87.4000

63.4500

62.5500

62.0000

61.1000

60.5500

59.1000

80.0000

79.4000

78.9000

78.3500

77.8000

76.7500 Continued…….

04/06/2018

Market Next Week MCX Weekly Pivots Commodity

Contract

Aluminium

29-Jun-18

162.55

158.50

Copper

29-Jun-18

492.85

Crude Oil

19-Jun-18

Gold

156.90

154.45

152.85

150.40

146.35

476

467.45

459.15

450.6

442.30

425.45

4913

4702

4565

4491

4354

4280

4069

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

NCDEX Weekly Pivots Commodity

Contract

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

04/06/2018

MCX Fundamentals 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 isnâ&#x20AC;&#x2122;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

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 report.

04/06/2018

NCDEX Fundamentals SPICES 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.

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 support 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.

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 Cotton 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 supply 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 . 9

04/06/2018

Calls of the Week (MCX) LEAD 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

WEEKLY STRATEGY PERTICULAR Action

Entry Range

Target

DETAILS SELL

BELOW 163

161

164.10

ALUMINIUM 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 sustaining 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

WEEKLY STRATEGY PERTICULAR

Action

Entry Range

DETAILS

Buy

Above 156.50

Target

159.50

155.50

04/06/2018

Calls of the Week (NCDEX) RAMSEED 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 basis. 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

Action Entry Range

DETAILS

Buy Above3980

Target

4110

3925

DHANIYA From last couple of trading weeks market is trading in range between the level of 4300 to 4390 with the negative sentiment support by 100 days moving average and recently market broken its up trend channel on its hourly chart indicating 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.

WEEKLY STRATEGY PERTICULAR

Action

Entry Range

DETAILS

Sell

Below 4270

Target

4130

4330

04/06/2018

Calls of the Week (FOREX) JPYINR 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

WEEKLY STRATEGY PERTICULAR

Action

Entry Range

DETAILS

Sell

Below 61.2100

Target

60.7125

61.5525

EURINR 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

WEEKLY STRATEGY PERTICULAR

Action

Entry Range

DETAILS

Sell

Below 78.3900

Target

77.7900

78.7125 04/06/2018

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All information, levels & recommendations provided above are given on the basis of technical & fundamental research done by the panel of expert of Ways2Capital but we do not accept any liability for errors of opinion. People surfing through the website have right to opt the product services of their own choices. उपरोक्त सभी सूचना, स्तर और सुझाव, Ways2Capital के नवशेषज्ञ के पैनल द्वारा ककए गए तकनीकी और मौनलक अनुसध ं ान के आधार पर दी गई हैं, लेककन हम कदए गए सुझावों की त्रुरटयों के नलए कोई दानयत्व स्वीकार नहीं करते हैं | वेबसाइट के माध्यम से सर्फिंग करने वाले लोगों को अपनी पसंद के उत्पाद सेवाओं को चुनने का अनधकार है|

Any investment in Equity/commodity market bears risk, company will not be liable for any loss done on these recommendations. These levels do not necessarily indicate future price moment. Company holds the right to alter the information without any further notice. Any browsing through website means acceptance of disclaimer. इकिटी / कमोनडटी बाजार में कोई भी ननवेश जोनखम के अधीन होता है, कं पनी इन सुझावों पर ककए गए ककसी भी नुकसान के नलए उत्तरदायी नहीं होगी | यह स्तर भनवष्य के कीमतों की गनत का संकेत नहीं देते है| वेबसाइट के माध्यम से ककसी भी ब्राउजज़ग का अथा है अस्वीकरण की स्वीकृ नत।

DISCLOSURE ( प्रकटीकरण) : High Brow Market Research Investment Advisor Pvt. Ltd. or its associates does not do business with companies covered in research report nor is associated in any manner with any issuer of products/ securities, this ensures that there is no actual or potential conflicts of interest. To ensure compliance with the regulatory body, we have resolved that the company and all its representatives will not make any trades in the market. हाई ब्रो माके ट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोगी कं पननयां अनुसंधान ररपोटा में शानमल कं पननयों के साथ कारोबार नहीं करती हैं और न ही ककसी भी तरह के उत्पादों / प्रनतभूनतयों के जारीकताा के साथ जुडी हैं, जो यह सुनननित करता है कक नहतों के नलए कोई वास्तनवक या संभानवत संघषा नहीं है | ननयामक ननकाय के अनुपालन को सुनननित करने के नलए हमने यह तय ककया है कक कं पनी और उसके कोई भी प्रनतनननध बाज़ार में ट्रेड नहीं करेंगे।

Clients are advised to consider information provided in the report as opinion only & make investment decision of their own. Clients are also advised to read & understand terms & conditions of services published on website. No litigations have been filed against the company since the incorporation of the company by regulatory body. ग्राहकों को यह सलाह दी जाती है कक वे ररपोटा में दी गई जानकारी को के वल राय के रूप में देखें और ननवेश के नलए स्वयं िंै सला करें | ग्राहकों को वेबसाइट पर प्रकानशत सेवाओं के ननयमों और शतों को पढ़ने और समझने की भी सलाह दी जाती है | कं पनी के ननगमन के बाद ननयामक ननकाय द्वाराकं पनी के नखलािं कोई मुकदमा (यानचका) दायर नहीं ककया गया है।

DISCLOSURE APPENDIX ( प्रकटीकरण पररनशष्ट ) : The reports are prepared by analysts who are employed by High Brow Market Research Investment Advisor Pvt. Ltd. All the views expressed in this report herein accurately reflects personal views about the subject company or companies & their securities and no part of compensation was, is or will be directly or indirectly related to the specific recommendations or views contained in this research report. ररपोटा नवश्लेषकों द्वारा तैयार की गयी है जो द्वारा हाई ब्रो माके ट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड द्वारा ननयुक्त हैं | इस ररपोटा में व्यक्त सभी नवचार कं पनी 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) (अ) (b)

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; हाई ब्रो माके ट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोगी या उनके ककसी भी तत्काल ररश्तेदार की नवषय कं पनी में कोई नवत्तीय रुनच नहीं है और न ही इस तरह की नवत्तीय नहत की प्रकृ नत है|

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 माके ट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोगी या उनके ककसी भी तत्काल ररश्तेदार की नवषय कं पनी 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 माके ट 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 माके ट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड की पॉनलसी अपने नवश्लेषकों, पेशेवरों को नवश्लेषक के क्षेत्र में ककसी भी कं पनी की प्रनतभूनतयों के स्वामी से नवश्लेषकों को ररपोटा करने से रोकती है। नवश्लेषक क्षनतपूर्तत : नवश्लेषक हाई ब्रो माके ट 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 माके ट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोगीयों ने नपिले 12 महीनों में नवषय कं पनी 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 कं पनी 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 माके ट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोगीयों ने नवषय कं पनी के अनधकारी, ननदेशक या कमाचारी के रूप में कभी भी काम

04/06/2018