Commodity Research Report 07 August 2018 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

31-Aug-18

141.20

141.70

143.30

138.55

138.75

-1.74%

-2.27%

22.58%

Copper

31-Aug-18

425.85

424.55

431.00

412.25

419.05

-1.60%

12.17%

45.91%

Crude Oil

20-Aug-18

4714

4709

4842

4592

4686

-0.59%

6.23%

11.38%

Gold

08-Oct-18

29958

29859

29956

29528

29671

-0.96%

-8.72%

-36.08%

Lead

31-Aug-18

147.15

146.95

150.85

144.50

145.35

-1.22%

-3.98%

56.66%

Natural Gas

28-Aug-18

192.60

193.00

196.70

188.40

196.50

2.02%

25.43%

40.46%

Nickel

31-Jul-18

946.20

946.30

965.90

900.10

926.20

-2.11%

-3.74%

83.15%

Silver

05-Sep-18

38326

38250

38437

37736

38072

-0.66%

9.83%

17.15%

Zinc

31-Aug-18

179.15

178.05

182.20

174.40

180.65

0.84%

-42.35%

26.57%

NCDEX Market Wrap-Up Contract

Previous Close

Open

High

Low

% Change in Price

% Change in Open Interest

% Change in Volume

Castor Seed

20-Aug-18

4642

4667

4744

4603

4721

1.70%

6.78%

-27.73%

Chana

20-Aug-18

4164

4172

4280

4156

4240

1.83%

-4.35%

-31.49%

Dhaniya

20-Aug-18

5097

5110

5240

4954

5020

-1.51%

6.94%

35.09%

COCUDAKL

20-Aug-18

1834.00

1848.00

1878.50

1740.00

1744.50

-4.88%

11.41%

62.62%

Guargum5

16-Oct-18

9220

9312

9944

9250

9720

5.42%

4.82%

29.08%

Guarseed10

16-Oct-18

4273.50

4285.00

4528.00

4270.00

4447.50

4.07%

5.74%

17.63%

Jeera

20-Aug-18

19810

19750

20605

19565

20355

2.75%

66.18%

101.52%

RMseed

20-Aug-18

4177

4192

4195

4100

4124

-1.27%

9.98%

11.63%

Ref Soya Oil

20-Aug-18

742.35

740.50

746.50

736.20

739.35

-0.40%

-3.89%

-11.83%

Soyabean

16-Oct-18

3365

3379

3444

3345

3409

1.31%

6.16%

90.14%

Turmeric

20-Aug-18

7294

7358

7420

7070

7184

-1.51%

5.05%

33.45%

Mentha Oil

31-Aug-18

1568.70

1535.00

1584.70

1506.00

1545.90

-1.45%

-8.88%

-29.86%

Commodity

Currency Market Wrap-Up Contract

Previous Close

Open

High

Low

Change in Price (in%)

USDINR

29-Aug-18

68.9300

68.8250

69.0675

68.1850

68.8575

-0.11%

GBPINR

29-Aug-18

90.4075

90.4100

90.7125

88.8500

89.8000

-0.67%

JPYINR

29-Aug-18

62.1025

62.0900

62.2750

61.4500

61.7900

-0.50%

EURINR

29-Aug-18

80.3475

80.3900

80.9200

79.1650

79.9900

-0.44%

Currency Pair

Continued…….

07/08/2018

Market Wrap-Up International Market Wrap-up Exchange

Previous Close

Open

High

Low

% Change in Price

LME

2061.00

2057.75

2093.75

2024.75

2028.00

-1.60%

Copper

COMEX

2.796

2.793

2.822

2.700

2.752

-1.57%

Crude Oil

NYMEX

68.69

69.01

70.43

66.92

68.65

-0.06%

Gold

COMEX

1222.20

1222.50

1228.10

1205.10

1221.90

-0.02%

Lead

LME

2134.50

2145.00

2196.75

2096.25

2112.25

-1.04%

NYMEX

2.822

2.794

2.862

2.740

2.845

0.82%

Nickel

LME

13782.50

13825.00

14115.00

13085.00

13515.00

-1.94%

Silver

COMEX

15.515

15.440

15.555

15.260

15.425

-0.58%

Zinc

LME

2589.00

2586.25

2637.25

2513.75

2606.50

0.68%

Commodity Aluminium

Natural Gas

07/08/2018

Inventory Updates LME Inventory Closing (As on 3rd Aug18) In tones

Closing (As on 27th Jul18) in tones

% Change in Price

Aluminium

1192075

1207600

-1.29%

Copper

251450

251950

-0.20%

Lead

126950

127375

-0.33%

Nickel

254070

259332

-2.03%

Zinc

236150

245725

-3.90%

Commodity

Continued…….

07/08/2018

Inventory Updates

07/08/2018

Market Next Week Upcoming Economic Events Calender Time

Currency

Event

Forecast

Tuesday, August 7, 2018 13:00

GBP

Halifax House Price Index (MoM)

0.30%

13:00

GBP

Halifax House Price Index (YoY)

1.80%

19:30

USD

JOLTs Job Openings (Jun)

6.642M

6.638M

Wednesday, August 8, 2018 Tentative

CNY

Exports (YoY) (Jul)

10.00%

11.20%

Tentative

CNY

Imports (YoY) (Jul)

17.00%

14.10%

Tentative

CNY

Trade Balance (USD) (Jul)

38.75B

41.47B

20:00

USD

Crude Oil Inventories

-2.794M

3.803M

Thursday, August 9, 2018 4:31

GBP

RICS House Price Balance (Jul)

7:00

CNY

CPI (MoM) (Jul)

0.20%

-0.10%

7:00

CNY

CPI (YoY) (Jul)

2.00%

1.90%

7:00

CNY

PPI (YoY) (Jul)

4.40%

4.70%

18:00

USD

Core PPI (MoM) (Jul)

0.30%

18:00

USD

Initial Jobless Claims

220K

218K

18:00

USD

PPI (MoM) (Jul)

0.30%

Friday, August 10, 2018 14:00

GBP

Business Investment (QoQ) (Q2)

-0.40%

14:00

GBP

Exports (QoQ)

-0.50%

14:00

GBP

GDP (QoQ) (Q2)

14:00

GBP

GDP (MoM)

14:00

GBP

GDP (YoY) (Q2)

1.30%

1.20%

14:00

GBP

Industrial Production (MoM) (Jun)

0.40%

-0.40%

14:00

GBP

Manufacturing Production (MoM) (Jun)

0.30%

0.40%

14:00

GBP

Trade Balance (Jun)

-11.95B

-12.36B

18:00

USD

Core CPI (MoM) (Jul)

0.20%

18:00

USD

CPI (MoM) (Jul)

0.20%

0.10%

23:30

USD

Federal Budget Balance (Jul)

0.40%

0.20% 0.30%

-75.0B

Currency Weekly Pivots Currency Pair

Contract

USDINR

29-Aug-18

70.4500

69.6000

69.2000

68.7000

68.3500

67.8000

66.9500

GBPINR

29-Aug-18

93.5500

91.6500

90.7500

89.8000

88.9000

87.9500

86.0500

JPYINR

29-Aug-18

63.5000

62.6500

62.2500

61.8500

61.4500

61.0500

60.2000

EURINR

29-Aug-18

83.5000

81.7500

80.8500

80.0000

79.1000

78.2500

76.5000 Continued…….

07/08/2018

Market Next Week MCX Weekly Pivots Commodity

Contract

Aluminium

31-Aug-18

149.70

144.95

141.85

140.20

137.10

135.45

130.70

Copper

31-Aug-18

458.25

439.50

429.25

420.75

410.50

402.00

383.25

Crude Oil

20-Aug-18

5207

4957

4821

4707

4571

4457

4207

Gold

08-Oct-18

30574

30146

29909

29718

29481

29290

28862

Lead

31-Aug-18

159.60

153.25

149.30

146.90

142.95

140.55

134.20

Natural Gas

28-Aug-18

210.45

202.15

199.30

193.85

191.00

185.55

177.25

Nickel

31-Jul-18

1062.35

996.55

961.40

930.75

895.60

864.95

799.15

Silver

05-Sep-18

39484

38783

38427

38082

37726

37381

36680

Zinc

31-Aug-18

194.70

186.90

183.80

179.10

176.00

171.30

163.50

NCDEX Weekly Pivots Commodity

Contract

Castor Seed

20-Aug-18

4971

4830

4776

4689

4635

4548

4407

Chana

20-Aug-18

4473

4349

4295

4225

4171

4101

3977

Dhaniya

20-Aug-18

5643

5357

5189

5071

4903

4785

4499

COCUDAKL

20-Aug-18

2064.65

1926.15

1835.30

1787.65

1696.80

1649.15

1510.65

Guargum5

16-Oct-18

11026

10332

10026

9638

9332

8944

8250

Guarseed10

16-Oct-18

4931

4673

4560

4415

4302

4157

3899

Jeera

20-Aug-18

22255

21215

20785

20175

19745

19135

18095

RMseed

20-Aug-18

4330

4235

4179

4140

4084

4045

3950

Ref Soya Oil

20-Aug-18

761.30

751.00

745.20

740.70

734.90

730.40

720.10

Soyabean

16-Oct-18

3597

3498

3454

3399

3355

3300

3201

Turmeric

20-Aug-18

7925

7575

7379

7225

7029

6875

6525

Mentha Oil

31-Aug-18

1702.95

1624.25

1585.10

1545.55

1506.40

1466.85

1388.15

07/08/2018

MCX Fundamentals BULLION Spot gold prices rose marginally by 0.17 percent to close at $1223.4 per ounce after a report said the United States and China were trying to restart negotiations to defuse a trade war. In early trade a stronger dollar and rising U.S. interest rates had sent bullion falling to its lowest in a week and a half. The dollar was slightly higher versus a currency basket following a three month streak of gains with the U.S. Federal Reserve set to reaffirm the outlook for further gradual rate rises a t the end of its two day monetary policy meeting on Wednesday. On the MCX gold prices declined marginally by 0.31 percent to close at Rs.29653 per 10 gms.

BASE METALS

Metal Bulletin on Friday August 3launched a new cfr Vietnam ferrous scrap import price assess menton the back of interest from market participants in search of a benchmark to price physical contracts for bulk scrap cargoes imported into Asia.A Vietnam scrap price is workable as a basis for a physical contract not just for Vietnam itself but also for neigh boring countries in Asia such as Indonesia whose prices track the Vietnam scrap price trenda scrap trader in South east Asia said.

ENERGY Oil prices edged lower on Friday after strong gains the previous day, easing on persistent supply concerns as Russia increased production in July and Saudi Arabia cut the price of crude for its Asian customers.Brent crude futures were down 13 cents or 0.2 percent at $73.32 a barrel by 0052 GMT after rising 1.5 percent on Thursday.U.S.The Energy Information Administration released its weekly report on US natural gas storage, showing a buildup of 35 billion cubic feet in the week ending July 27, adding to the 24 billion in the previous reading, while analysts expected a 39 billion increase.

07/08/2018

NCDEX Fundamentals SPICES Bullish market sentiments kept trend firm for Jeer as rising export and incoming Festive season domestic demand amidst falling stocks in Indian and International markets kept supporting prices. Prices neared the psychological 21000 mark.April turmeric had posted high above 8000 last year amid expectations of rising export prospects and talks of lower sowing prospects versus last year but could not sustain above 8000. Total demand is expected at 105 lakh bags approx as per traders.

OILSEEDS

Mentha traded with high volatility as the initial dips was followed by strong recovery in prices by end of the day. As harvesting gradually gets over the demand on the domestic and export front is likely to risethus supporting the prices. Rains in growing regions of UP have reportedly adversely affected harvesting processleading to firm prices.

GUAR COMPLEX Guar neared the psychological 10,000 mark as strong Bullish sentiments prevailed in the mandis. Low rains in growing regions of Rajasthan provided support to prices as that reportedly has adverse impact on sowing. Again, bearish impact of Monsoon rains may well be limited with prices having fallen a lot and are at very low levels. Traders anticipate further fall to be limited.

OTHERS Reports of US and China restarting talks to avoid trade war supported the rising sentiments for Cotton / Kapas. Rising export demand from China for India amidst rising tensions between US and China supported Indian prices as prospects of lower rains in Gujarat this week too kept trend up.RM seed downside was capped later and futures posted mild recovery. But in near term buying interest may remain impressive due to higher possibility of spot demand to remain healthy in coming weeks., in addition to lowering arrival numbers. 9

07/08/2018

Calls of the Week (MCX) NICKEL Last couple of trading dayâ&#x20AC;&#x2122;s market is trading with sideways movement and forming reversal pattern after taking a strong support at level of 900. Last week Nickel made a low of 900.10 and closed at the level of 926.20 with overall marginal loss of 2.11% on weekly basis. For this week, if it breaks the level of 930 on the upper side then it can test the level of 980 during the week. One can make buy position in it by maintaining a SL at 909.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Buy

Above 930

Target

980

909

NATURALGAS Last week MCX Naturagas Aug fut rose by 2%. On its daily chart market is continuously forming higher highs and higher lows indicating positive trend in near term to short term basis. Last week Natural gas made a high of 196.70 and closed at 196.50. For this week, if it breaks the level of 197 on the upper side then it can test the level of 207 during the week. One can make buy position in it by maintaining a SL at 192.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Buy

Above 197

Target

207

192

07/08/2018

Calls of the Week (NCDEX) COCUDAKL Last week market open with positive sentiment but found enough resistance neat the level of 1900 and reverse from higher level. Last week COCUDAKL made a low of 1740 and closed at the level of 1744.50 with marginal loss of 5% on weekly basis. Recently market broken its support trend line and sustaining below it. For this week, if it breaks the level of 1720 on the lower side then it can test the level of 1570 during the week. One can make sell position in it by maintaining a SL at 1775.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Sell

Below 1720

Target

1570

1775

CASTORSEED Castor Seed futures traded in range bound levels with positive bias during its last week. Castor seed futures are expected to trade in negative note for this week. Profit booking for the recent gains may weigh down the prices. For this week, if it breaks the level of 4670 on the lower side then it can test the level of 4570 during the week. One can make sell position in it by maintaining a SL at 4725.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Sell

Below 4670

Target

4570

4725

07/08/2018

Calls of the Week (FOREX) GBPINR Last week GBPINR Aug futures started the week on positive note and made a high of 90.7125 but till the end of the week, all of its earlier gains were erased and it closed at 89.80 with the overall loss of 0.67% on weekly basis. Technically itâ&#x20AC;&#x2122;s consolidating on the lower levels with the negative indicators and for this week, we can expect further downside movement in it. For this week, traders can adopt sell on higher levels strategy in it and below the level of 89.3500 it can test the level of Rs. 88.7025 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs. 89.7125.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Sell

Below 89.3500

Target

88.7025

89.7125

EURINR Last week, EURINR Aug Futures started the week on positive note and made a high of 80.9200 but till the end of the week, all of its earlier gains were erased and it closed at 79.99 with the overall loss of 0.44% on weekly basis. Technically EURINR is consolidating below the trend line breakout with the negative RSI & for this week, we can expect negative movement in it. For this week, traders can adopt sell on higher levels strategy in it and below the level of 79.600 it can test the level of Rs. 79.0525 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs. 80.0025.

WEEKLY STRATEGY

PARTICULAR

Action

Entry Range

DETAILS

Sell

Below 79.6000

Target

79.0525

80.0025

07/08/2018

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इक्ववटी / कभोडडटी फाजाय भें कोई बी ननवेश जोखखभ के अधीन होता है, कंऩनी इन सुझावों ऩय ककए गए ककसी बी नुकसान के लरए उत्तयदामी नहीं होगी | मह स्तय बववष्म के कीभतों की गनत का संकेत नहीं दे ते है| वेफसाइट के भाध्मभ से ककसी बी ब्राउक्ज़ंग का अथा है अस्वीकयण की स्वीकृनत।

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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

07/08/2018