Commodity Research Report 16 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

138.75

139.00

147.00

138.60

143.75

3.60%

-3.53%

61.64%

Copper

31-Aug-18

419.05

418.50

427.95

413.20

419.60

0.13%

-3.37%

-20.19%

Crude Oil

20-Aug-18

4686

4,717

4,812

4,556

4,674

-0.26%

1.07%

-13.28%

Gold

05-Oct-18

29486

29690

29815

29546

29783

1.01%

1.53%

16.68%

Lead

31-Aug-18

145.35

148.65

143.15

144.9

-0.31%

14.20%

-35.51%

Natural Gas

28-Aug-18

196.50

196

203.7

194.7

203.2

3.41%

62.70%

13.14%

Nickel

31-Aug-18

926.20

921.3

969.5

913.7

952.5

2.84%

-10.95%

-34.01%

Silver

05-Sep-18

38072

38099

38186

37774

37968

-0.27%

10.83%

-3.78%

Zinc

31-Aug-18

180.65

180.25

185.10

176.20

176.40

-2.35%

56.84%

-9.95%

NCDEX Market Wrap-Up Contract

Previous Close

Open

High

Low

% Change in Price

% Change in Open Interest

% Change in Volume

Castor Seed

19-Sep-18

4767

4731

4827

4603

4714

-1.11%

3.54%

-20.77%

Chana

19-Sep-18

4275

4297

4119

4288

0.30%

-0.31%

57.52%

Dhaniya

19-Sep-18

5093

5075

5108

4939

5029

-1.26%

-0.57%

-44.50%

COCUDAKL

19-Sep-18

1773.00

1780

1805

1729

1797

1.33%

-9.07%

-11.69%

Guargum5

16-Oct-18

9720

9670

9847

9291

9847

1.31%

1.70%

-19.29%

Guarseed10

16-Oct-18

4447.50

4428

4573

4240

4573

2.81%

-4.10%

-5.88%

Jeera

19-Sep-18

20625

20590

20680

19770

19840

-3.81%

0.00%

14.88%

RMseed

19-Sep-18

4169

4165

4173

4101

4143

-0.62%

-3.16%

35.63%

Ref Soya Oil

19-Sep-18

732.40

732

738

727

737

0.68%

-10.91%

5.15%

Soyabean

16-Oct-18

3409

3410

3332

3382

-0.79%

2.53%

-39.95%

Turmeric

19-Sep-18

7232

7198

7340

7160

7188

-0.61%

-15.33%

125.11%

Mentha Oil

31-Aug-18

1545.90

1559

1675

1520

1634

5.68%

2.06%

97.60%

Commodity

Currency Market Wrap-Up Currency Pair

Contract

Previous Close

Open

High

Low

Change in Price (in%)

USDINR

27-Jul-18

68.8575

68.7500

69.1725

68.5975

68.9925

0.20%

GBPINR

27-Jul-18

89.8000

89.5000

89.6000

88.0925

88.1875

-1.80%

JPYINR

27-Jul-18

61.7900

62.0900

62.2750

61.4500

61.7900

0.00%

EURINR

27-Jul-18

79.9900

79.7400

80.1250

79.1425

79.2175

-0.97% Continued…….

14/08/2018

Market Wrap-Up International Market Wrap-up Exchange

Previous Close

Open

High

Low

% Change in Price

LME

2028.00

2037.00

2147.25

2023.75

2092.50

3.18%

Copper

COMEX

2.753

2.740

2.798

2.700

2.732

-0.76%

Crude Oil

NYMEX

68.49

68.65

69.92

66.14

67.63

-1.26%

Gold

COMEX

1214.20

1214.40

1216.40

1205.60

1211.10

-0.26%

Lead

LME

2112.25

2119.50

2167.50

2074.25

2099.00

-0.63%

NYMEX

2.853

2.851

2.959

2.822

2.944

3.19%

Nickel

LME

13515.00

13502.50

14140.00

13305.00

13812.50

2.20%

Silver

COMEX

15.406

15.390

15.425

15.280

15.266

-0.91%

Zinc

LME

2606.50

2604.25

2673.50

2538.25

2540.25

-2.54%

Commodity Aluminium

Natural Gas

14/08/2018

Inventory Updates LME Inventory Closing (As on 10thAug18) In tones

Closing (As on 3rd Aug18) in tones

% Change in Price

Aluminium

1154050

1192075

-3.19%

Copper

252625

251450

0.47%

Lead

123575

126950

-2.66%

Nickel

249720

254070

-1.71%

Zinc

231125

236150

-2.13%

Commodity

Continued…….

14/08/2018

Inventory Updates

14/08/2018

Market Next Week Upcoming Economic Events Calender Time

Currency

14:00 14:00 14:00 14:00 18:00 18:00

GBP GBP GBP GBP USD USD

2:00 14:00 14:00 14:00 14:00 18:00 18:00 18:00 18:00 18:00 18:45 18:45 19:30 20:00 20:00

USD GBP GBP GBP GBP USD USD USD USD USD USD USD USD USD USD

1:30 14:00 14:00 14:00 14:00 18:00 18:00 18:00 18:00 18:00 18:00 18:00

USD GBP GBP GBP GBP USD USD USD USD USD USD USD

19:30 19:30 22:30

USD USD USD

Event Tuesday, August 14, 2018 Average Earnings Index +Bonus (Jun) Claimant Count Change (Jul) Employment Change 3M/3M (MoM) Unemployment Rate (Jun) Export Price Index (MoM) (Jul) Import Price Index (MoM) (Jul) Wednesday, August 15, 2018 API Weekly Crude Oil Stock CPI (MoM) (Jul) CPI (YoY) (Jul) CPIH (YoY) PPI Input (MoM) (Jul) Core Retail Sales (MoM) (Jul) Nonfarm Productivity (QoQ) (Q2) NY Empire State Manufacturing Index (Aug) Retail Sales (MoM) (Jul) Unit Labor Costs (QoQ) (Q2) Industrial Production (YoY) Industrial Production (MoM) (Jul) Business Inventories (MoM) (Jun) Crude Oil Inventories Cushing Crude Oil Inventories Thursday, August 16, 2018 TIC Net Long-Term Transactions (Jun) Core Retail Sales (MoM) (Jul) Core Retail Sales (YoY) (Jul) Retail Sales (MoM) (Jul) Retail Sales (YoY) (Jul) Building Permits (Jul) Building Permits (MoM) (Jul) Housing Starts (MoM) (Jul) Housing Starts (Jul) Initial Jobless Claims Philadelphia Fed Manufacturing Index (Aug) Philly Fed Employment (Aug) Friday, August 17, 2018 Michigan Consumer Expectations (Aug) Michigan Consumer Sentiment (Aug) U.S. Baker Hughes Oil Rig Count

Forecast

2.50% 3.8K

2.50% 7.8K 137.0K 4.20% 0.30% -0.40%

4.20% 0.20% 0.10%

-6.000M 0.00% 2.40% 2.30% 0.20% 0.40% 0.40% 22.6 0.50% 2.90% 3.80% 0.60% 0.40% -1.351M -0.590M

-0.10% 2.50% 2.30% 0.10% 0.40% 2.30% 20.3 0.20% 0.30% 0.30% 0.20% 1.213M

32.3B 0.10% 2.80% 0.20% 3.00% 1.310M 1.40% 7.40% 1.270M 215K 22

45.6B -0.60% 3.00% -0.50% 2.90% 1.292M -0.70% -12.30% 1.173M 213K 25.7 16.8 87.3 97.9 869

Currency Weekly Pivots Currency Pair

Contract

USDINR

29-Aug-18

70.0500

69.5000

69.2000

68.9000

68.6500

68.3500

67.7500

GBPINR

29-Aug-18

91.6500

90.1500

89.2000

88.6500

87.7000

87.1500

85.6500

JPYINR

29-Aug-18

63.5000

62.6500

62.2500

61.8500

61.4500

61.0500

60.2000

EURINR

29-Aug-18

81.4500

80.5000

79.8500

79.5000

78.9000

78.5000

77.5500 Continued…….

14/08/2018

Market Next Week MCX Weekly Pivots Commodity

Contract

Aluminium

31-Aug-18

159.90

151.50

147.60

143.10

139.20

134.70

126.30

Copper

31-Aug-18

449.75

435.00

427.30

420.25

412.55

405.50

390.75

Crude Oil

20-Aug-18

5193

4937

4805

4681

4549

4425

4169

Gold

05-Oct-18

30253

29984

29883

29715

29614

29446

29177

Lead

31-Aug-18

156.55

151.05

147.95

145.55

142.45

140.05

134.55

Natural Gas

28-Aug-18

218.55

209.55

206.40

200.55

197.40

191.55

182.55

Nickel

31-Aug-18

1056.85

1001.05

976.80

945.25

921.00

889.45

833.65

Silver

05-Sep-18

38800

38388

38178

37976

37766

37564

37152

Zinc

31-Aug-18

197.05

188.15

182.30

179.25

173.40

170.35

161.45

NCDEX Weekly Pivots Commodity

Contract

Castor Seed

19-Sep-18

5163

4939

4826

4715

4602

4491

4267

Chana

19-Sep-18

4591

4413

4350

4235

4172

4057

3879

Dhaniya

19-Sep-18

5363

5194

5112

5025

4943

4856

4687

COCUDAKL

19-Sep-18

1929.65

1853.15

1824.80

1776.65

1748.30

1700.15

1623.65

Guargum5

16-Oct-18

10774

10218

10032

9662

9476

9106

8550

Guarseed10

16-Oct-18

5126.65

4794.15

4683.30

4461.65

4350.80

4129.15

3796.65

Jeera

19-Sep-18

21916.65

21006.65

20423.30

20096.65

19513.30

19186.65

18276.65

RMseed

19-Sep-18

4283

4211

4177

4139

4105

4067

3995

Ref Soya Oil

19-Sep-18

755.40

744.85

741.15

734.30

730.60

723.75

713.20

Soyabean

16-Oct-18

3531

3453

3417

3375

3339

3297

3219

Turmeric

19-Sep-18

7589

7409

7299

7229

7119

7049

6869

Mentha Oil

31-Aug-18

1919.6

1764.6

1699.1

1609.6

1544.1

1454.6

1299.6

14/08/2018

MCX Fundamentals BULLION Last week, spot gold prices traded lower by 0.2 percent to trade at $1210.24 per ounce while MCX gold prices increased by 0.5 percent to Rs.29630 per 10 gms. Rising dollar on hopes or rising interest rates in the US and strong demand for US Treasury bonds, refuge from trade tensions are near term push factors for the yellow metal. We expect gold prices to trade lower today as fall in Turkish Lira and trade tensions between US and Turkey is leading all the investments to move in to dollar and yen in turn pressurizing all the commodities including gold and silver.

BASE METALS

Aluminium will now be 20% and steel 50%. Our relations with Turkey are not good at this time Trump added. Turkey exported 1.8 million tonnes of steel products worth about $1.2 billion to the USA in 2017. The shipments to the US accounted for about 9% of Turkey's total steel exports according to the Turkish Steel Producers Assn. Market participants in Turkey were mostly shocked by the decision and believe that Turkish exports into the US will completely stop sources told Metal Bulletin.

ENERGY Oil prices dipped on Monday as rising trade tensions and economic woes in emerging markets dented the outlook for fuel demand growth but U.S. sanctions against Iran still pointed towards tighter supply. Front month Brent crude oil futures were at $72.57 per barrel at 0702 GMT down 24 cents or 0.3 percent from their last close.U.S. West Texas Intermediate (WTI) crude futures were at $67.43 a barrel down 20 cents or 0.3 percent from their last settlement. The Energy Information Administration released its report on US natural gas inventories, showing another build up of 46 billion cubic feet in the week ending August 3 adding to the 35B increase in the previous week while analysts expected a 49B addition.

14/08/2018

NCDEX Fundamentals SPICES Moderate weak trend was noted for Jeer last week as demand faltered at the higher levels after the recent highs. Even as overall sentiments remained firm on rising export and incoming Festive season domestic demand amidst falling stocks in Indian and International markets some more short term dips are not ruled out as traders wait for corrections before initiating fresh demand in the mandis.approx as per traders.

OILSEEDS Even as some profit booking was noted towards end of the week, overall sentiments looked firm for Mentha as arrivals started coming down. With harvesting getting over, the export and domestic demand for the new crop is on the rise.Ref Soy Oil is likely to open the week on a Bearish note as USDA reports for edible oils could pressurize market sentiments. With Monsoon activities too improving over Central and North-West India, this factor too has been pressurizing the entire oil complex sector on prospects of better sowing for Soy bean.

GUAR COMPLEX Bullish trend prevailed for Guar last week with markets hitting upper circuit, as lower rains in North-West regions of Rajasthan kept apprehensions of lower sowing. Rising export demand amidst falling stocks are likely to support prices in long term. Earlier, lower rains in Rajasthan had provided support to prices as that reportedly has adverse impact on sowing. Bearish impact of rains may be limited with prices having fallen a lot and are at very low levels.

OTHERS Near term sentiments remained weak for RM Seed with reports of NAFED agency given permission to sell mustard in open market even s immediate support is seen near the 4000 mark. However, at these lower levels, sellers might refrain from fresh deals in mandis, and this might prevent any sharp fall in futures prices from current levels. Soy bean futures failed to maintain strength amid lack of fresh buying interest and nominal export query for soy meal. With current spot prices turning cheaper demand prospects is most likely to improve in near term. 9

14/08/2018

Calls of the Week (MCX) GOLD From Last couple of weeks MCX Gold continuously trading in range between 29800 - 29500. On its 4 hourly chart market recently broken its resistance trend line and sustaining above it indicating short term positive trend. Last week Gold made a high of 29815 and closed at 29783 with overall marginal gain of 1% on weekly basis. For this week, if it breaks the level of 29,900 on the upper side then it can test the level of 30,300 during the week. One can make buy position in it by maintaining a SL at 29,825

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Buy

Above 29900

Target

30300

29825

NICKEL Last week Nickel open with positive sentiment and continue the same for the whole week. Last week Nickel made a high of 969.50 and closed at 952.50 with overall marginal gain of 2.80% on weekly basis. For this week, if it breaks the level of 985 on the upper side then it can test the level of 1025 during the week. One can make buy position in it by maintaining a SL at 964.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Buy

Above 985

Target

1025

964

14/08/2018

Calls of the Week (NCDEX) CASTORSEED Last week Castor open with positive sentiment but found enough resistance near the level of 4800.Last week Castor made a low of 4,603 and closed at 4,714 with overall marginal loss of 1% on weekly basis. On its daily market is continuously making higher highs and higher lows indicating negative trend for short term to mid term basis. For this week, if it breaks the level of 4600 on the lower side then it can test the level of 4470 during the week. One can make sell position in it by maintaining a SL at 4655.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Sell

Below 4600

Target

4470

4655

CHANA Chana market continuously trading above the important psychological level of 4000 from last couple of week and we believe that market can continues its positive trend. Last week Chana made a high of 4,297 and closed at 4,288 with overall marginal gain of 0.30% on weekly basis. For this week, if it breaks the level of 4405 on the upper side then it can test the level of 4535 during the week. One can make buy position in it by maintaining a SL at 4350.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Buy

Above 4405

Target

4535

4350

14/08/2018

Calls of the Week (FOREX) GBPINR Last week GBPINR open with negative sentiment but found enough support near the level of 88.0000.Last week GBPINR made a low of 88.0925 and closed at 88.1875 with overall marginal loss of 1.80% on weekly basis. On its hourly chart market is forming bullish flag pattern indicating positive trend for this week. For this week, if it breaks the level of 89.0000 on the upper side then it can test the level of 89.5975 during the week. One can make buy position in it by maintaining a SL at 88.6975.

WEEKLY STRATEGY PARTICULAR

DETAILS

Action

Entry Range

Buy

Below 89.0000

Target

89.5975

88.6975

EURINR From last couple of trading weeks market is trading with negative sentiment. It made a low 78.7500 and facing support near the level of 79.0000 and getting bounce back from lower level. Last week EURINR made a low of 79.1425 and closed at 79.2175 with overall marginal loss of 1% on weekly basis. On its hourly chart market is forming bullish flag pattern indicating positive trend for this week. For this week, if it breaks the level of 80.0100 on the upper side then it can test the level of 89.5975 during the week. One can make buy position in it by maintaining a SL at 88.7975.

WEEKLY STRATEGY

PARTICULAR

Action

Entry Range

DETAILS

Buy

Above 80.0100

Target

80.5975

79.5975

14/08/2018

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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।

DISCLOSURE (प्रकटीकयण) : 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 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

14/08/2018