Commodity research report 12 june 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

29-Jun-18

155.25

155.30

158.95

154.85

156.90

1.06%

4.42%

-4.28%

Copper

29-Jun-18

458.85

459.70

493.25

458.70

491.25

7.06%

110.20%

79.80%

Crude Oil

19-Jun-18

4428

4409

4479

4305

4445

0.38%

-20.27%

-18.47%

Gold

03-Aug-18

30909

30900

31334

30825

31215

0.99%

-1.80%

-37.50%

Lead

29-Jun-18

164.90

164.50

171.60

168.50

166.65

1.06%

28.58%

43.86%

Natural Gas 26-Jun-18

198.40

198.90

201.10

192.70

195.80

-1.31%

-6.59%

-0.27%

Nickel

29-Jun-18

995.60

1032.80

1063.50

1022.80

1043.10

4.77%

-1.30%

-29.72%

Silver

05-Jul-18

39537

39543

40714

39461

40412

2.21%

-17.31%

-4.16%

Zinc

29-Jun-18

207.70

207.90

217.60

205.80

217.40

4.67%

63.52%

-87.32%

NCDEX Market Wrap-Up Open

High

Low

% Change in Price

% Change in Open Interest

% Change in Volume

3972

4000

4015

3881

3926

-1.16%

-1.33%

-3.74%

20-Jun-18

3550

3555

3400

3407

-4.03%

7.00%

99.59%

Dhaniya

20-Jun-18

4321

4328

4360

4186

4222

-2.29%

-0.95%

21.80%

COCUDAKL

20-Jun-18

1373.00

4.59%

-4.86%

111.33%

Guargum5

20-Jun-18

7662

-2.30%

-0.99%

89.57%

Guarseed10

20-Jun-18

3663.50

-1.42%

-7.54%

100.43%

Jeera

20-Jun-18

16160

16290

15840

16005

-0.96%

0.65%

239.44%

RMseed

20-Jun-18

3962

3963

4034

3930

3988

0.66%

3.56%

14.74%

Ref Soya Oil

20-Jun-18

761.85

760.50

745.50

748.30

-1.78%

2.27%

-11.76%

Soyabean

20-Jun-18

3570

3559

3580

3468

3474

-2.69%

-17.61%

-17.28%

Turmeric

20-Jun-18

7100

7110

7132

6898

7070

-0.42%

-5.52%

318.30%

Mentha Oil

29-Jun-18

1150.70

5.88%

30.37%

61.48%

Commodity

Contract

Castor Seed

20-Jun-18

Chana

Previous Close

1384.00 1463.00 1366.00 1436.00 7612

7620

7200

7486

3648.00 3652.00 3494.50 3611.50

1164.00 1255.00 1156.00 1218.40

Currency Market Wrap-Up Contract

Previous Close

USDINR

27-Jun-18

GBPINR

Currency Pair

Low

Change in Price (in%)

Open

High

67.2575

67.1475

67.9200

67.0050

67.7300

-7.72%

27-Jun-18

89.7150

89.8600

91.1250

89.5575

90.7650

1.17%

JPYINR

27-Jun-18

61.6825

61.4800

62.1950

60.9350

62.0650

0.62%

EURINR

27-Jun-18

78.8400

78.7400

79.9200

78.5150

79.6100

0.98% Continued…….

12/06/2018

Market Wrap-Up International Market Wrap-up Commodity

Exchange

Previous Close

Open

High

Low

% Change in Price

Aluminium

LME

2296.25

2303.50

2352.75

2285.50

2308.50

0.53%

Copper

COMEX

3.091

3.102

3.297

3.096

3.293

6.54%

Crude Oil

NYMEX

65.72

65.71

66.24

64.22

65.74

0.03%

Gold

COMEX

1293.00

1293.90

1302.80

1289.90

1298.10

0.39%

Lead

LME

2464.75

2457.50

2554.75

2431.50

2471.75

0.28%

NYMEX

2.982

2.974

2.987

2.873

2.890

-3.09%

Nickel

LME

15410.00

15392.50

15840.00

15247.50

15460.00

0.32%

Silver

COMEX

16.420

16.355

16.865

16.355

16.694

1.67%

Zinc

LME

3088.00

3093.00

3220.25

3056.50

3198.50

3.58%

Natural Gas

12/06/2018

Inventory Updates LME Inventory Closing In Tonnes (As on 8th June 2018)

Closing In Tonnes (As on 1st June 2018)

% Change in Price

Copper

310200

311525

-0.43%

Nickel

278790

290604

-4.07%

Lead

132850

133550

-0.52%

Zinc

250975

245750

2.13%

Aluminium

1180175

1205875

-2.13%

Commodity

Continued…….

12/06/2018

Inventory Updates

12/06/2018

Market Next Week Upcoming Economic Events Calender Time

Currency

Event

Forecast

0.30%

0.10%

Monday, June 11, 2018 14:00

GBP

Industrial Production (MoM) (Apr)

14:00

GBP

Manufacturing Production (MoM) (Apr)

-11.35B

-0.10%

14:00

GBP

Trade Balance (Apr)

-3.20B

-12.00B

14:00

GBP

Trade Balance Non-EU (Apr)

-3.79B Tuesday, June 12, 2018

14:00

GBP

Average Earnings Index +Bonus (Apr)

2.60%

14:00

GBP

Employment Change 3M/3M (MoM)

124.0K

197.0K

14:00

GBP

Unemployment Rate (Apr)

4.20%

16:50

USD

OPEC Monthly Report

18:00

USD

Core CPI (MoM) (May)

0.20%

0.10%

18:00

USD

CPI (MoM) (May)

0.20%

23:30

USD

-135.5B

214.0B

14:00

GBP

Federal Budget Balance (May) Wednesday, June 13, 2018 CPI (MoM) (May)

0.40%

18:00

USD

0.20%

18:00 20:00

USD USD

0.30% -1.824M

0.10% 2.072M

23:30

USD

23:30

USD

FOMC Economic Projections FOMC Statement

23:30

USD

Fed Interest Rate Decision

2.00%

1.75%

Core PPI (MoM) (May) PPI (MoM) (May) Crude Oil Inventories

Thursday, June 14, 2018 7:30

CNY

Industrial Production (YoY) (May)

6.90%

7.00%

14:00

GBP

Core Retail Sales (MoM) (May)

0.30%

1.30%

14:00

GBP

Retail Sales (MoM) (May)

0.50%

1.60%

18:00

USD

Core Retail Sales (MoM) (May)

0.50%

0.30%

18:00

USD

Export Price Index (MoM) (May)

0.40%

0.60%

18:00

USD

0.50%

0.30%

18:00

USD

Import Price Index (MoM) (May) Initial Jobless Claims

222K

18:00

USD

Retail Sales (MoM) (May)

0.40%

0.20%

Friday, June 15, 2018 18:45

USD

Industrial Production (MoM) (May)

0.20%

0.70%

19:30

USD

Michigan Consumer Sentiment (Jun)

98.5

Currency Weekly Pivots Currency Pair

Contract

USDINR

27-Jun-18

69.4000

68.4500

68.1000

67.5500

67.2000

66.6500

65.7000

GBPINR

27-Jun-18

93.6500

92.0500

91.4500

90.5000

89.9000

88.9500

87.3500

JPYINR

27-Jun-18

64.2500

63.0000

62.5500

61.7500

61.3000

60.5000

59.2500

EURINR

27-Jun-18

82.1500

80.7500

80.2000

79.3500

78.8000

77.9500

76.5500 Continued…….

12/06/2018

Market Next Week MCX Weekly Pivots Commodity

Contract

Aluminium

29-Jun-18

165.10

161.00

158.95

156.90

154.85

152.80

148.70

Copper

29-Jun-18

550.15

515.6

503.4

481.05

468.85

446.50

411.95

Crude Oil

19-Jun-18

4758

4584

4514

4410

4340

4236

4062

Gold

03-Aug-18

32143

31634

31424

31125

30915

30616

30107

Lead

29-Jun-18

175.10

172.00

169.30

168.90

166.20

165.80

162.70

Natural Gas

26-Jun-18

213.35

204.95

200.40

196.55

192.00

188.15

179.75

Nickel

29-Jun-18

1125

1084

1064

1043

1023

1002

962

Silver

05-Jul-18

42702

41449

40930

40196

39677

38943

37690

Zinc

29-Jun-18

237.20

225.40

221.40

213.60

209.60

201.80

190.00

NCDEX Weekly Pivots Commodity

Contract

Castor Seed

20-Jun-18

4209

4075

4000

3941

3866

3807

3673

Chana

20-Jun-18

3764

3609

3508

3454

3353

3299

3144

Dhaniya

20-Jun-18

4604

4430

4326

4256

4152

4082

3908

COCUDAKL

20-Jun-18

1616

1519

1477

1422

1380

1325

1228

Guargum5

20-Jun-18

8275

7855

7671

7435

7251

7015

6595

Guarseed10

20-Jun-18

3901

3744

3678

3586

3520

3429

3271

Jeera

20-Jun-18

16945

16495

16250

16045

15800

15595

15145

RMseed

20-Jun-18

4192

4088

4038

3984

3934

3880

3776

Ref Soya Oil

20-Jun-18

781

766

757

751

742

736

721

Soyabean

20-Jun-18

3731

3619

3547

3507

3435

3395

3283

Turmeric

20-Jun-18

7501

7267

7169

7033

6935

6799

6565

Mentha Oil

29-Jun-18

1408

1309

1264

1210

1165

1111

1012

12/06/2018

MCX Fundamentals BULLION Gold prices fell nearly 1 percent last week as supply remained dominant on higher levels. Distribution can be seen for last few weeks as prices are not approaching towards new highs that were seen last in April month.One can expect prices to find immediate hurdle near Rs.31100 mark whereas Rs.31350 as key region of resistance for the week. On the other hand prices are getting support near Rs.30800 mark and a convincing break below the same can allow prices to witness some serious pressure towards Rs.30500 level. Trade tensions remain in the markets ahead of the G7 summit, which will include talks on the US-instigated global trade dispute.

BASE METALS

Threemonth base metals prices on the London Metal Exchange consolidated on the morning of Friday June 8 amid concerns that the latest trade figures from China could stoke further trade tensions.This as world leaders gather in Canada for the 44th G7 Summit where likely topics for discussion include global economic issues such as trade relations and tariffs.

ENERGY Anxiety amongst the oil traders was clearly visible as counter continued its losing streak for the second week in a row. The decline was strong and now over extended with RSI trading in oversold zone close to 22 on four hourly charts.Keeping in view the price structure a small bounce is on the cards which will take prices to next resistance levels of Rs.4550 from where fresh sellers are expected to step in.It was a tough bout for bears as decline in the energy counter could not sustain and prices recouped by end of the week closing lower by 0.5% at Rs.198.40. Bulls gained strength as prices witnessed a bounce from 20 EMA on daily charts.

12/06/2018

NCDEX Fundamentals SPICES There was no strong movement for Jeer even as prices traded slight firm with markets finding immediate support near the 16000 mark even as lack of strong demand amidst moderate arrivals prevented strong recovery in Jeer rates. Rising export demand from China amidst falling arrivals kept supporting the price. Slight weak trend persisted for Turmeric with good monsoon reports pressuriz. ing prices. 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 Edible oil market was subdued as there was no favourable news regarding possibilities of further hike in import duties. Futures have reversed the gains in last 8-10 trading sessions. The upward trend had eased of late mainly due to weak tone in palm oil and soy bean. The USDA report released this month was perceived as neutral from price movement perspective therefore with futures now trading reasonably lower possibility for a long lasting downward movement seems lesser for the current month.Mentha Oil prices stabilized at these levels as rains in growing areas in UP have created apprehensions of that having adverse impact on the harvesting of the crop.

GUAR COMPLEX

Prices found some support at these lower levels even as sentiments remained weak on good monsoon reports. However market sources anticipate further fall to be limited with no bearishness in overall Fundamental factors as such. There is still time for monsoon to reach growing areas in Rajasthan. Prices are falling due to bearish market perceptions for now.

OTHERS RM seed commenced the session on strong note but profit taking due to weakness in soybean and edible oils pushed closing prices slightly lower. However In forthcoming sessions summer demand lowering arrivals and drop in the crop acreage shall be influential in keeping the upward trend intact. As broad based view is bullish futures are able to recover sharply whenever sharp fall occurs.Rates shot up for Cotton on the International and domestic markets as fundamentals remained strong 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. 9

12/06/2018

Calls of the Week (MCX) GOLD Last week Gold started the week on positive note and continued the same for the entire week. It made a high of 31334 during the week and closed at 31215 with the overall gain of almost 1% on weekly basis. Market is continuously sustaining above the level of 30000 indicating bullish trend from short term to mid term basis. Technically it formed Bullish Engulfing Candlestick pattern on the weekly chart with the RSI entering in to the positive territory and for this week, we can expect further upside movement in it. For this week, if it breaks the level of 31140 then it can test the level of 31290 during the week. One can make buy position in it by maintaining a SL 31075.

WEEKLY STRATEGY PERTICULAR

Action

Entry Range

DETAILS

Buy

ABOVE 31140

Target

31290

31075

COPPER After strong bull rally market is forming double top formation on higher level indicating short term recovery in copper. Last week Copper started the week on positive note and close with the overall gain of 7% on weekly level, but found enough resistance near the level of490 level.Technically it consolidating on the charts with the negative bias & RSI and for this week, we can expect downside movement in it. For this week, if it breaks the level of 482 then it can test the level of 467 during the week. One can make sell position in it by maintaining a SL 489

WEEKLY STRATEGY PERTICULAR

Action

Entry Range

DETAILS

Sell

Below 482

Target

467

489

12/06/2018

Calls of the Week (NCDEX) COCKUDAKL From last couple of trading days market is trading with the positive sentiment, as the level of 1300 reacting as a strong support level. We are expecting that market can still trade with the bullish trend for this week to the level of 1660 and then 1700. Last week market started the week on positive note and continue the same for the entire week. It made a high of 1463 during the week with overall gain of 4% on weekly basis. For this week, if it breaks the level of 1510 then it can test the level of 1660 during the week. One can make buy position in it by maintaining a SL 1450.

WEEKLY STRATEGY

PERTICULAR

Action

Entry Range

DETAILS

Buy

Above 1510

Target

1660

1450

DHANIYA Market is continuously trading with the negative trend and we can expect further down trend movement in it for this week also supported by 100 days moving average. It made a low of 4186 during the week and closed at the level of 4222 with overall loss of 2.30% on weekly basis. Technically it consolidating on the charts with the negative bias & RSI and for this week, we can expect downside movement in it. For this week, if it breaks the level of 4240 then it can test the level of 4090 during the week. One can make sell position in it by maintaining a SL 4305

WEEKLY STRATEGY PERTICULAR

Action

Entry Range

DETAILS

Sell

Below 4240

Target

4090

4305

12/06/2018

Calls of the Week (FOREX) JPYINR Last week JPYINR Jun Futures started the week on negative note and made a low of 60.9350 but till the end of the week, all of its earlier losses were erased and it closed at 62.0650 with the overall gain of 0.62% on weekly basis. Technically it consolidating on the charts with the negative bias & RSI and for this week, we can expect downside movement in it. For this week, if it breaks the level of 61.3600 then it can test the level of 60.8600 during the week. One can make sell position in it by maintaining a SL 61.6625

WEEKLY STRATEGY PERTICULAR

Action

Entry Range

DETAILS

Sell

Below 61.3600

Target

60.8600

61.6625

EURINR Last week EURINR Jun Futures started the week on positive note and continued the same for the entire week. It made a high of 79.9200 during the week and closed at 79.6100 with the overall gain of almost 1% on weekly basis. Technically it formed Bullish Engulfing Candlestick pattern on the weekly chart with the RSI entering in to the positive territory and for this week, we can expect further upside movement in it. For this week, if it breaks the level of 79.8200 then it can test the level of 80.3125 during the week. One can make buy position in it by maintaining a SL 79.4975

WEEKLY STRATEGY PERTICULAR

Action

Entry Range

DETAILS

Buy

Below 79.8200

Target

80.2125

79.4975

12/06/2018

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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

12/06/2018