Commodity Research Report 06 March 2019 Ways2Capital by Ways2Capital

HIGH BROW MARKET RESEARCH INVESTMENT ADVISOR PVT. LTD.

Market Wrap-Up MCX Market Wrap-Up Commodity

Contract

Previous Close

Open

High

Low

% Change in Price

% Change in Open Interest

% Change in Volume

Aluminium

29-Mar-19

134.40

134.75

150.65

132.60

149.40

11.16%

6.25%

-45.10%

Copper

30-Apr-19

462.35

462.40

468.65

458.80

462.65

0.06%

-11.78%

-5.96%

Crude Oil

19-Mar-19

4,085

4,073

4,117

3,916

3,973

-2.74%

27.36%

-1.14%

Gold

05-Apr-19

33517

33511

33617

32600

32640

-2.62%

31.09%

-7.12%

Lead

29-Mar-19

145.9

146.55

154.10

146.10

152.1

4.25%

41.92%

-30.69%

Natural Gas

26-Mar-19

192.30

193.80

204.30

193.80

202.90

5.51%

40.84%

-29.60%

Nickel

29-Mar-19

917.80

922.30

949.40

909.20

935.20

1.90%

20.75%

-29.80%

Silver

05-Mar-19

40268

40270

40412

38216

38301

-4.88%

25.77%

4.27%

Zinc

29-Mar-19

194.50

194.45

201.05

190.85

199.60

2.62%

2.31%

1.21%

NCDEX Market Wrap-Up Contract

Previous Close

Open

High

Low

% Change in Price

% Change in Open Interest

% Change in Volume

Castor Seed

19-Mar-19

5252.00

5254.00

5306.00

5220.00

5248.00

-0.08%

63.86%

0.91%

Chana

19-Mar-19

4156.00

4154.00

4168.00

4052.00

4116.00

-0.96%

-13.06%

0.29%

Dhaniya

16-Apr-19

6235.00

6220.00

6365.00

6150.00

6201.00

-0.55%

71.38%

-2.88%

COCUDAKL

19-Mar-19

1983.50

1979.00

1988.00

1905.00

1937.00

-2.34%

28.04%

0.63%

Guargum5

19-Mar-19

8369.00

8365.00

8420.00

8162.00

8375.00

0.07%

-24.62%

3.41%

Guarseed10

19-Mar-19

4214.50

4207.00

4240.00

4112.50

4175.00

-0.94%

62.23%

1.74%

Jeera

19-Mar-19

15410.00 15415.00

15600.00 15140.00 15565.00

1.01%

-18.85%

14.62%

RMseed

16-Apr-19

3881.00

3876.00

3887.00

3818.00

3842.00

-1.00%

28.62%

9.25%

Ref Soya Oil

19-Mar-19

766.95

768.00

769.85

751.20

762.70

-0.55%

8.87%

6.97%

Soyabean

19-Mar-19

3730.00

3743.00

3607.00

3649.00

-2.17%

92.77%

-4.66%

Turmeric

16-Apr-19

6200.00

6186.00

6356.00

6114.00

6314.00

1.84%

112.09%

-0.45%

Mentha Oil

29-Mar-19

1617.00

1615.00

1720.00

1594.00

1611.50

-0.34%

-52.64%

-26.90%

Commodity

Currency Market Wrap-Up Contract

Previous Close

Open

High

Low

Change in Price (in%)

USDINR

27-Mar-19

71.1600

71.1400

71.7500

70.9000

71.1300

-0.04%

GBPINR

27-Mar-19

92.6900

92.9400

95.4000

92.7500

94.3000

1.74%

JPYINR

27-Mar-19

64.2200

64.1500

65.0800

63.5500

63.7200

-0.78%

EURINR

27-Mar-19

80.7800

80.6200

81.8200

80.5500

81.0800

0.37%

Currency Pair

Continued…….

06/03/2019

Market Wrap-Up International Market Wrap-up Exchange

Previous Close

Open

High

Low

% Change in Price

LME

1897.50

1889.25

1912.00

1880.99

1909.75

0.65%

Copper

COMEX

2.951

2.978

2.925

2.926

-0.85%

Crude Oil

NYMEX

57.26

57.17

57.88

55.02

55.77

-2.60%

Gold

COMEX

1332.80

1331.90

1334.90

1291.30

1294.45

-2.88%

Lead

LME

2062.75

2067.00

2178.75

2067.00

2137.50

3.62%

NYMEX

2.717

2.757

2.908

2.732

2.849

4.86%

Nickel

LME

12987.50

13045.00

13382.50

12847.50

13172.50

1.42%

Silver

COMEX

15.914

15.885

15.960

15.080

15.155

-4.77%

Zinc

LME

2712.500

2720.75

2799.50

2694.50

2777.750

2.41%

Commodity Aluminium

Natural Gas

06/03/2019

Inventory Updates LME Inventory Closing (As on 1st Mar 19) In tones

Closing (As on 22nd Feb 19) in tones

% Change in Price

Aluminium

1219700

1244050

-1.96%

Copper

128475

137700

-6.70%

Lead

77050

0.00%

Nickel

106932

200184

-46.58%

Zinc

65100

88250

-26.23%

Commodity

Continued…….

06/03/2019

Inventory Updates

06/03/2019

Market Next Week Upcoming Economic Events Calender Time

Currency

Event

Forecast

50.3

50.6

55.8

Monday, March 4, 2019 15:00

GBP

Construction PMI (Feb) Tuesday, March 5, 2019

20:15

USD

Markit Composite PMI (Feb)

20:30

USD

ISM Non-Manufacturing Employment (Feb)

57.8

Wednesday, March 6, 2019 0:30

USD

Federal Budget Balance (Jan)

-11.0B

-14.0B

18:45

USD

ADP Nonfarm Employment Change (Feb)

190K

213K

19:00

USD

Trade Balance (Dec)

-57.30B

-49.30B

21:00

USD

Crude Oil Inventories

2.842M

-8.647M

Thursday, March 7, 2019 14:00

GBP

Halifax House Price Index (MoM) (Feb)

0.10%

-2.90%

19:00

USD

Unit Labor Costs (QoQ) (Q4)

1.60%

1.20%

0.30%

0.10%

Friday, March 8, 2019 19:00

USD

Average Hourly Earnings (MoM) (Feb)

19:00

USD

Building Permits (MoM) (Jan)

19:00

USD

Housing Starts (MoM) (Jan)

19:00

USD

Nonfarm Payrolls (Feb)

19:00

USD

Participation Rate (Feb)

19:00

USD

Private Nonfarm Payrolls (Feb)

170K

296K

19:00

USD

Unemployment Rate (Feb)

3.90%

4.00%

21:10

CNY

Trade Balance (USD) (Feb)

25.55B

39.16B

22:30

USD

WASDE Report

23:30

USD

U.S. Baker Hughes Oil Rig Count

23:30

USD

U.S. Baker Hughes Total Rig Count

-11.20% 180K

304K 63.20%

Currency Weekly Pivots Currency Pair

Contract

USDINR

27-Mar-19

75.2000

72.9000

71.5500

70.6067

69.2000

68.3000

66.0000

GBPINR

27-Mar-19

93.9000

91.6500

90.3000

89.3150

87.9500

87.0000

84.7000

JPYINR

27-Mar-19

65.5000

64.3000

63.7500

63.0375

62.4500

61.8000

60.5500

EURINR

27-Mar-19

84.4000

82.4500

81.3500

80.5217

79.3500

78.5500

76.6500 Continued…….

06/03/2019

Market Next Week MCX Weekly Pivots Commodity

Contract

Aluminium

29-Mar-19

180.30

162.25

155.80

144.20

137.75

126.15

108.10

Copper

30-Apr-19

483.05

473.20

467.90

463.35

458.05

453.50

443.65

Crude Oil

19-Mar-19

4404

4203

4088

4002

3887

3801

3600

Gold

05-Apr-19

34986

33969

33305

32952

32288

31935

30918

Lead

29-Mar-19

166.75

158.75

155.40

150.75

147.40

142.75

134.75

Natural Gas

26-Mar-19

221.35

210.85

206.90

200.35

196.40

189.85

179.35

Nickel

29-Mar-19

1011.65

971.45

953.30

931.25

913.10

891.05

850.85

Silver

05-Mar-19

43368

41172

39737

38976

37541

36780

34584

Zinc

29-Mar-19

217.55

207.35

203.45

197.15

193.25

186.95

176.75

NCDEX Weekly Pivots Commodity

Contract

Castor Seed

16-Apr-19

5494

5414

5368

5334

5288

5254

5174

Chana

16-Apr-19

4417

4277

4211

4137

4071

3997

3857

Dhaniya

16-Apr-19

6669

6454

6327

6239

6112

6024

5809

COCUDAKL

16-Apr-19

2131.00

2051.00

2009.00

1971.00

1929.00

1891.00

1811.00

Guargum5

16-Apr-19

8937

8681

8580

8425

8324

8169

7913

Guarseed10

16-Apr-19

4471.85

4347.35

4286.20

4222.85

4161.70

4098.35

3973.85

Jeera

16-Apr-19

16063

15628

15422

15193

14987

14758

14323

RMseed

16-Apr-19

3987

3918

3880

3849

3811

3780

3711

Ref Soya Oil

16-Apr-19

781.55

765.05

757.60

748.55

741.10

732.05

715.55

Soyabean

16-Apr-19

3983

3848

3775

3713

3640

3578

3443

Turmeric

16-Apr-19

6745

6503

6409

6261

6167

6019

5777

Mentha Oil

29-Mar-19

1959.0

1805.0

1707.9

1651.0

1553.9

1497.0

1343.0

06/03/2019

MCX Fundamentals BULLION

Gold prices continued to fall on Monday dropping through the 1,290 level. The dollar continued to gain ground early despite the comment from President Trump that he does not want to see a stronger greenback. Late in the trading session the dollar moved lower following soft than expected US economic data. The drop in the dollar failed to buoy gold prices which closed near the lows of the trading session.

BASE METALS

In China base metals prices on the Shanghai Futures Exchange were for the most part weaker while prices reacted to the generally softer tone across the LME metals on Monday and to continued poor economic data. The exception was nickel which bucked the weaker trend on the LME on Monday and which was the only base metal on the SHFE to show any gains this morning.

ENERGY Oil prices rose today and extended its gains due to high hopes about a US China trade deal which in turn boosts global demand for crude as well as increased compliance by OPEC producers to cut production. The Energy Information Administration reported a drop of 237 billion cubic feet last week while analysts expected a drop of 249 billion.

06/03/2019

NCDEX Fundamentals SPICES The area under Jeera increased by 19% in Rajasthan to 506,000 hectares from 425,000 hectares last year with improved yield at 494 kg per hectare up from 489 kg last year.For Gujarat the Jeera area saw a marginal dip of 5% at 315,000 hectares as compared to 332,000 hectares last year. Now Turmeric is getting support at 6678 and below same could see a test of 6612 level, And resistance is now likely to be seen at 6842, a move above could see prices testing 6940.

OILSEEDS Mentha oil prices slipped in the domestic futures market on Friday on lower demand at the spot market amid adequate arrival from producing regions. Around 12:10 pm, MCX Mentha oil was at Rs 1,599.90 per kg down by Rs 7.10, or 0.44 per cent. Speculators trimmed positions in Mentha oil futures triggered by muted demand from consuming industries NSE 1.91 % at the spot market and adequate stocks on higher supplies from the major producing regions.

GUAR COMPLEX Guar seed prices went down steeply by Rs 13 to Rs 9,033 per quintal in futures trade Monday amid off-loading of exposure by investors in sync with a weak trend at the physical markets. At the National Commodity and Derivatives Exchange Guar seed for delivery in December moved down by Rs 103 or 1.13 per cent to Rs 9,033 per quintal, persisting an open interest of 83,080 lots.

OTHERS

Soybean futures tilted higher in American trade to December 12 highs as the dollar index fell off June 2017 highs for the eleventh session out of 17.That follows earlier data from the US the world's largest soybean producer and exporter while investors look for the results of the ongoing US China trade talks in Beijing.

06/03/2019

Calls of the Week (MCX) GOLD From last couple of trading days Gold is trading with negative sentiment and recently Gold touched the level of 34000 and getting selling pressure on higher level. Last week Gold made a low of 32600 and closed at 32640 with overall marginal loss of 2.60% on weekly basis. On its daily chart Gold recently broken its double top formation and sustaining below it indicating negative trend for short term to mid term basis. For this week if it break the level of 32164 then it can test the level of 32002. One can make selling position with the sl of 32241.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Sell

Below 32165

Target

32002

32241

CRUDEOIL Crude Oil prices continuously trading near the level of 4000 and forming reversal formation on higher level. From last couple of trading days Crude Oil prices trading in range between the level of 4140 â&#x20AC;&#x201C; 3950. On its 4 hourly chart RSI trading below the level of 50 indicating negative trend in it. For this week if it is break the level of 3950 then it can test the level of 3852. One can make selling position in it with the SL of 4021.

WEEKLY STRATEGY PARTICULAR

Action Entry Range

DETAILS

Sell Below 3950

Target

3852

4021

06/03/2019

Calls of the Week (NCDEX) RMSEED The primary trend of RMSEED is negative on chart and from couple of trading weeks RMSEED is trading with the negative sentiment. Last week RMSEED made a low of 3818 and closed at 3842 with overall marginal gain of 0.3% on weekly basis. On its daily chart RMSEED recently broken its important support level of 3850 and sustaining below it indicating negative trend for short term to mid term basis. For this week if it break the level of 3800 then it can test the level of 3705. One can make selling position with the sl of 3866.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Sell

Below 3800

Target

3705

3866

GUARSEED GUARSEED10 prices continuously trading in range between the level of 4300 to 4150 and forming bottom formation in its daily chart. Last week GUARSEED10 made a high of 4243 and closed at 4225 with overall marginal gain of 0.2% on weekly basis. On its daily chart GUARSEED10 trading near its resistance trend line we can expect if prices break the level of 4245 on upper side then it can test the level of 4375 in coming weeks . One can make buy position in it with the sl of 4169.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Buy

Above 4245

Target

4375

4169

06/03/2019

Calls of the Week (FOREX) EURINR From last couple of trading days EURINR is trading with negative sentiment and recently EURINR broken its important support level of 81.0000 and getting selling pressure on higher level. On its daily chart EURINR forming Head & Shoulder pattern on its daily chart and we can expect that market can move down below the level of 80.0000, RSI is negative on chart and printing below the level of 50. For this week if it break the level of 80.5000 then it can test the level of 80.0200. One can make selling position in it with the sl of 80.9125.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Sell

Below 80.5000

Target

80.0200

80.9125

USDINR USDINR prices continuously resist by the level of 71.0000 and forming descending triangle formation on its daily chart indicating negative in it for short term to mid term basis. Also USDINR broken its support trend line and sustaining below it with the negative RSI. For this week if it break the level of 70.8800 then it can test the level of 80.4100. One can make selling position in it with the sl of 71.2225.

WEEKLY STRATEGY

PARTICULAR

Action

Entry Range

DETAILS

Sell

Below 70.8800

Target

70.4125

71.2225

06/03/2019

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हाई ब्रो भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड मा उसके सहमोगी कंऩननमां अनुसंधान रयऩोटा भें शालभर कंऩननमों के साथ कायोफाय नहीं कयती हैं औय न ही ककसी बी तयह के उत्ऩादों / प्रनतबूनतमों के जायीकताा के साथ जुडी हैं, जो मह सुननक्श्चत कयता है कक टहतों के लरए कोई वास्तववक मा संबाववत संघषा नहीं है | ननमाभक ननकाम के अनुऩारन को सुननक्श्चत कयने के लरए हभने मह तम ककमा है कक कंऩनी औय उसके कोई बी प्रनतननधध फाज़ाय भें ट्रे ड नहीं कयें गे।

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 मह सराह दी जाती है कक वे रयऩोटा भें दी गई जानकायी को केवर याम के रूऩ भें दे खें औय ननवेश के लरए स्वमं पैसरा कयें | ग्राहकों को वेफसाइट ऩय प्रकालशत सेवाओं के ननमभों औय शतों को ऩढ़ने औय सभझने की बी सराह दी जाती है | कंऩनी के ननगभन के फाद ननमाभक ननकाम द्वायाकंऩनी के खखराप कोई भुकदभा (माधचका) दामय नहीं ककमा गमा है।

DISCLOSURE APPENDIX (प्रकटीकयण ऩरयलशष्ट ) : 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. रयऩोटा ववश्रेषकों द्वाया तैमाय की गमी है जो द्वाया हाई ब्रो भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड द्वाया ननमुवत हैं | इस रयऩोटा भें व्मवत सबी ववचाय कंऩनी के फाये भें व्मक्वतगत ववचायों को दशााता है औय कंऩननमों औय उनकी प्रनतबूनतमां औय ऺनतऩूनता (भुआवजे) का कोई टहस्सा, मा इस शोध रयऩोटा भें ननटहत ववशेष सुझावों मा ववचायों से प्रत्मऺ मा अप्रत्मऺ रूऩ से संफंधधत नहीं होगा।

DISCLOSURE IN TERMS OF CONFLICT OF INTEREST (टहतों के संघषा के भाभरे भें प्रकटीकयण ): (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 भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड मा उसके सहमोगी मा उनके ककसी बी तत्कार रयश्तेदाय की ववषम कंऩनी भें कोई ववत्तीम रुधच नहीं है औय न ही इस तयह की ववत्तीम टहत 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 भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड मा उसके सहमोगी मा उनके ककसी बी तत्कार रयश्तेदाय की ववषम कंऩनी की प्रनतबूनतमों भें एक प्रनतशत मा उससे अधधक के वास्तववक / पामदे भंद

स्वालभत्व नहीं हैं |

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; हाई ब्रो भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड मा उसके सहमोधगमों को अनुसंधान रयऩोटा के प्रकाशन के सभम मा सावाजननक रूऩ से उऩक्स्थत होने के सभम कोई अन्म बौनतक संघषा नहीं है |

DISCLOSURE IN TERMS OF COMPENSATION ( ऺनतऩनू ता के संदबा भें प्रकटीकयण): 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 भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड की ऩॉलरसी अऩने ववश्रेषकों, ऩेशेवयों को ववश्रेषक के ऺेत्र भें ककसी बी कंऩनी की प्रनतबूनतमों के स्वाभी से ववश्रेषकों को रयऩोटा कयने से योकती है। ववश्रेषक ऺनतऩूनता : ववश्रेषक हाई ब्रो भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड के वेतन आधारयत स्थामी कभाचायी है |

DISCLOSURE IN TERMS OF PUBLIC APPEARANCE (सावाजननक प्रकटन के भाभरे भें प्रकटीकयण ) : (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 भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड मा उसके सहमोगीमों ने

वऩिरे 12 भहीनों भें ववषम कंऩनी से कोई भुआवजा प्राप्त नहीं ककमा 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 रयऩोटा के ववतयण की नतधथ से ऩूवा फायह भहीनों के दौयान ववषम कंऩनी अफ मा कबी बी ग्राहक नहीं यही 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 भाकेट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटे ड मा उसके सहमोगीमों ने

ववषम कंऩनी के अधधकायी, ननदे शक मा कभाचायी के रूऩ भें कबी बी काभ

06/03/2019