Commodity Research Report 18 September 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

28-Sep-18

147.20

147.45

151.60

143.95

145.00

-1.49%

-6.16%

39.32%

Copper

30-Nov-18

422.60

422.80

434.45

421.00

423.95

0.32%

0.36%

-22.20%

Crude Oil

19-Sep-18

4,883

4,922

5,140

4,888

4,950

1.37%

20.71%

-11.22%

Gold

05-Oct-18

30494

30569

30765

30370

30436

-0.19%

25.81%

2.98%

Lead

28-Sep-18

148.25

148.2

151.2

142

146.5

-1.18%

-5.65%

7.65%

Natural Gas

25-Sep-18

200.7

201.1

207.2

199.1

199.7

-0.50%

8.62%

14.67%

Nickel

28-Sep-18

888.7

888.1

912.8

885.3

893.4

0.53%

-10.37%

-19.69%

Silver

05-Dec-18

37167

37195

37527

36910

36993

-0.47%

-22.23%

7.81%

Zinc

28-Sep-18

173.85

174.90

175.95

166.00

166.30

-4.34%

-21.90%

79.82%

NCDEX Market Wrap-Up Contract

Previous Close

Open

High

Low

% Change in Price

% Change in Open Interest

% Change in Volume

Castor Seed

16-Oct-18

4720.00

4728.00

4759.00

4650.00

4672.00

-1.02%

-53.52%

-4.52%

Chana

16-Oct-18

3985.00

4100.00

3930.00

4030.00

1.13%

-22.53%

-12.54%

Dhaniya

16-Oct-18

5208.00

5211.00

5295.00

5111.00

5235.00

0.52%

-74.54%

-60.21%

COCUDAKL

20-Dec-18

1714.00

1715.00

1753.00

1688.00

1700.50

-0.79%

-56.96%

41.69%

Guargum5

16-Oct-18

9348.00

9400.00

9450.00

9210.00

9237.00

-1.19%

-0.19%

-83.59%

Guarseed10

16-Oct-18

4314.50

4335.00

4363.00

4251.00

4269.50

-1.04%

33.60%

1.13%

Jeera

16-Oct-18

19420.00

19440.00

20180.00 19330.00 20000.00

2.99%

-45.24%

-4.71%

RMseed

16-Oct-18

4152.00

4169.00

4277.00

4169.00

4240.00

2.12%

-73.69%

7.73%

Ref Soya Oil

16-Oct-18

742.60

744.50

748.90

730.30

730.85

-1.58%

-7.94%

20.72%

Soyabean

16-Oct-18

3246.00

3252.00

3290.00

3215.00

3251.00

0.15%

-1.56%

23.20%

Turmeric

16-Oct-18

6616.00

6600.00

6784.00

6600.00

6712.00

1.45%

-74.67%

-10.66%

Mentha Oil

28-Sep-18

1744.60

1794.90

1814.30

1712.60

1721.20

-1.34%

3.76%

5.00%

Commodity

Currency Market Wrap-Up Contract

Previous Close

Open

High

Low

Change in Price (in%)

USDINR

26-Sep-18

71.8575

72.2100

73.0250

71.6025

71.9500

0.13%

GBPINR

26-Sep-18

93.4700

93..4000

95.0300

93.2350

94.4475

1.05%

JPYINR

26-Sep-18

64.8575

65.1125

65.6750

64.0600

64.3700

-0.75%

EURINR

26-Sep-18

83.5800

83.3825

84.7075

83.3800

84.2425

0.79%

Currency Pair

Continued…….

18/09/2018

Market Wrap-Up International Market Wrap-up Exchange

Previous Close

Open

High

Low

% Change in Price

LME

2060.25

2064.00

2108.75

2010.50

2036.75

-1.14%

Copper

COMEX

2.603

2.598

2.696

2.566

2.613

0.38%

Crude Oil

NYMEX

67.75

67.82

71.26

67.33

69.00

1.85%

Gold

COMEX

1193.60

1190.40

1205.00

1190.40

1198.30

0.39%

Lead

LME

2059.75

2052.50

2092.75

1957.75

2036.75

-1.12%

NYMEX

2.776

2.770

2.869

2.752

2.766

-0.36%

Nickel

LME

12332.50

12292.50

12780.00

12082.50

12412.50

0.65%

Silver

COMEX

14.067

14.040

14.255

13.910

14.085

0.13%

Zinc

LME

2403.70

2409.25

2420.75

2308.25

2309.75

-3.91%

Commodity Aluminium

Natural Gas

18/09/2018

Inventory Updates LME Inventory Closing (As on 14th Sep 18) In tones

Closing (As on 7th Sep18) in tones

% Change in Price

Aluminium

1051200

1062700

-1.08%

Copper

225125

254350

-11.49%

Lead

119425

121625

-1.81%

Nickel

233988

236706

-1.15%

Zinc

221325

235650

-6.08%

Commodity

Continued…….

18/09/2018

Inventory Updates

18/09/2018

Market Next Week Upcoming Economic Events Calender Time

Currency

Event

Forecast

25.6

-36.5B

Monday, September 17, 2018 18:00

USD

NY Empire State Manufacturing Index (Sep) Tuesday, September 18, 2018

Tentative

USD

OPEC Meeting Wednesday, September 19, 2018

1:30

USD

TIC Net Long-Term Transactions (Jul)

14:00

GBP

CPI (MoM) (Aug)

0.50%

0.00%

14:00

GBP

CPI (YoY) (Aug)

2.40%

2.50%

14:00

GBP

CPIH (YoY)

2.30%

14:00

GBP

PPI Input (MoM) (Aug)

0.50%

18:00

USD

Building Permits (Aug)

1.310M

1.303M

18:00

USD

Building Permits (MoM) (Aug)

1.50%

18:00

USD

Current Account (Q2)

-103.5B

-124.1B

18:00

USD

Housing Starts (MoM) (Aug)

0.90%

18:00

USD

Housing Starts (Aug)

1.230M

1.168M

20:00

USD

Crude Oil Inventories

-0.805M

-5.296M

20:00

USD

Cushing Crude Oil Inventories

-1.242M

Thursday, September 20, 2018 14:00

GBP

Core Retail Sales (MoM) (Aug)

-0.20%

0.90%

14:00

GBP

Retail Sales (YoY) (Aug)

2.30%

3.50%

Tentative

USD

OPEC Meeting

18:00

USD

Initial Jobless Claims

210K

204K

18:00

USD

Philly Fed Employment (Sep)

14.3

19:30

USD

Existing Home Sales (MoM) (Aug)

0.20%

-0.70%

54.7

54.8

5.10%

Friday, September 21, 2018 19:15

USD

Manufacturing PMI (Sep)

19:15

USD

Markit Composite PMI

19:15

USD

Services PMI (Sep)

7:30

CNY

Chinese Unemployment Rate

Currency Weekly Pivots Currency Pair

Contract

USDINR

26-Sep-18

75.0500

73.6000

72.8000

72.2000

71.4000

70.8000

69.3500

GBPINR

26-Sep-18

97.8500

96.0500

95.2500

94.2500

93.4500

92.4500

90.6500

JPYINR

26-Sep-18

67.9500

66.3000

65.3500

64.7000

63.7500

63.1000

61.4500

EURINR

26-Sep-18

86.7500

85.4500

84.8000

84.1000

83.5000

82.7500

81.4500 Continued…….

18/09/2018

Market Next Week MCX Weekly Pivots Commodity

Contract

Aluminium

28-Sep-18

162.15

154.50

149.75

146.85

142.10

139.20

131.55

Copper

30-Nov-18

453.35

439.90

431.90

426.45

418.45

413.00

399.55

Crude Oil

19-Sep-18

5497

5245

5097

4993

4845

4741

4489

Gold

05-Oct-18

31314

30919

30677

30524

30282

30129

29734

Lead

28-Sep-18

164.95

155.75

151.10

146.55

141.90

137.35

128.15

Natural Gas

25-Sep-18

218.20

210.10

204.90

202.00

196.80

193.90

185.80

Nickel

28-Sep-18

952.15

924.65

909.00

897.15

881.50

869.65

842.15

Silver

05-Dec-18

38377

37760

37377

37143

36760

36526

35909

Zinc

28-Sep-18

189.30

179.35

172.80

169.40

162.85

159.45

149.50

NCDEX Weekly Pivots Commodity

Contract

Castor Seed

16-Oct-18

4912

4803

4737

4694

4628

4585

4476

Chana

16-Oct-18

4360

4190

4110

4020

3940

3850

3680

Dhaniya

16-Oct-18

5582

5398

5316

5214

5132

5030

4846

COCUDAKL

20-Dec-18

1843.85

1778.85

1739.70

1713.85

1674.70

1648.85

1583.85

Guargum5

16-Oct-18

9779

9539

9388

9299

9148

9059

8819

Guarseed10

16-Oct-18

4518.50

4406.50

4338.00

4294.50

4226.00

4182.50

4070.50

Jeera

16-Oct-18

21537

20687

20343

19837

19493

18987

18137

RMseed

16-Oct-18

4445

4337

4288

4229

4180

4121

4013

Ref Soya Oil

16-Oct-18

773.90

755.30

743.10

736.70

724.50

718.10

699.50

Soyabean

16-Oct-18

3402

3327

3289

3252

3214

3177

3102

Turmeric

16-Oct-18

7067

6883

6797

6699

6613

6515

6331

Mentha Oil

28-Sep-18

1952.8

1851.1

1786.1

1749.4

1684.4

1647.7

1546.0

18/09/2018

MCX Fundamentals BULLION Gold prices traded marginally down Friday morning as investors purchased riskier assets instead of seeking a safe haven in gold amid hopes for a new round of U.S.China trade talks. Spot gold declined 0.3 percent to $1,202.30 per ounce after earlier hitting its highest level since Aug. 28 at $1,212.49. Bullion gained 0.7 percent in the previous session in its biggest singleday rise since Aug. 24. U.S. gold futures for December delivery settled down $2.70 or 0.2 percent at $1,208.20 per ounce.

BASE METALS

London copper edged lower on Friday pulling back from a two week high reached in the prior session as investors exercised caution ahead of possible trade talks between the United States and China to resolve an escalating tariff war. China will not buckle to U.S. demands in any trade negotiations the major staterun China Daily newspaper said in an editorial on Friday after Chinese officials welcomed an invitation from Washington for a new round of talks.

ENERGY On Wednesday the Energy Information Administration released its report on US crude stocks, showing a decline of 5.3 million barrels in the week ending September 7 compared to a 4.3 million deficit in the previous reading while analysts expected a 1.3 million drop with total stocks now down to 396.2 million barrels making them 3% below five-year averages for this time of year.The Energy Information Administration released its report on US natural gas inventories, showing a buildup of 69 billion cubic feet in the week ending September 7, adding to the 63 billion increase in the previous reading, while analysts expected a 65 billion build.

18/09/2018

NCDEX Fundamentals SPICES Jeera shot past the psychological 20,000 mark as prices found immediate support at these levels with a rise in export and Festive season domestic demand supporting market sentiments aided by falling stocks. Improved production prospect limits the upside. But now prices are quite low therefore some gains can be expected this week. No strong trend was noted for Turmeric as good sowing reports kept sentiments negative. Even as technical is still not very strongly positive there are expectations of demand on the domestic and export front picking up with harvesting still time away.

OILSEEDS Mentha traded with high volatility as the initial weakness from profit booking was followed by recovery by end of the day as prices kept facing strong immediate Resistance near the 1800 mark. Fresh buying interest in spot markets (at lower rates) could support prices and in coming sessions markets may look to recover. Bearish report in USDA kept pressure on Oil complex as Soya oil fell moderately with global markets trading on subdued note. Soya oil had faced resistance in moving above 750 level during last few weeks although the downside has been limited up to 722- 725.

GUAR COMPLEX Guar trade with high volatility throughout the week as profit booking at higher levels limited the uptrend. Recent moderate rains in Rajasthan limited the uptrend. Howeveras the bearish impact of rains gradually get over with prices on the lower side and sowing period too nearing end fall in prices may be limited from the monsoon factor.

OTHERS Moderate firm trend persisted for Rmseed with rising Festive season demand adding to the Bullish sentiments. The trade war between US and China is seen as a positive news for Indian rape meal exports from a broader perspective.Despite weak tone in International markets poor selling interest in domestic market kept Kapas/Cotton futures supported yesterday. Bearish reports from USDA may limit upside moves as of now. Govt doubled import duty on 328 textile items to 20%. 9

18/09/2018

Calls of the Week (MCX) LEAD From last couple of trading days lead is trading in sideways channel between 148.50 to 145 with positive RSI. Last week Lead made a high of 151.20 and closed at 146.50 with overall marginal loss of 1.18% on weekly basis. On its 4 hourly chart Lead is trading above the 50 days moving average with positive RSI and we are expecting positive movement in it. For this week, if it breaks the level of 148.50 on the upper side then it can test the level of 152.50 during the week. One can make buy position in it by maintaining a SL at 147.30.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Buy

Above 148.50

Target

152.50

147.30

GOLD From last couple of trading weeks Gold is trading with positive sentiment with positive RSI and we are expecting that Gold can continue its positive trend from this week also. Last week Gold made a high of 30765 and closed at 30436. Gold recently broken its downtrend channel on upper side and sustaining above it indicating positive movement in it. For this week, if it breaks the level of 30680 on the upper side then it can test the level of 30980 during the week. One can make buy position in it by maintaining a SL at 30580.

WEEKLY STRATEGY PARTICULAR

Action Entry Range

DETAILS

Buy Above 30680

Target

30980

30580

18/09/2018

Calls of the Week (NCDEX) DHANIYA Last week Dhaniya made a high of 5295 and closed at 5235 with overall marginal gain of 0.52% on weekly basis. On its daily chart Dhaniya is forming lower highs and lower lows formation indicating negative movement in it for short term to mid term basis. For this week, if it breaks the level of 5100 on the lower side then it can test the level of 4950 during the week. One can make sell position in it by maintaining a SL at 5155.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Sell

Below 5100

Target

4950

5155

COKUDAKL From last couple of trading weeks COCUDAKL is trading in range and forming Head & Shoulder formation on higher level. Last week COCUDAKL made a low of 1688 and closed at 1700.50 with overall marginal loss of 0.79% on weekly basis. On its daily chart COCUDAKL is trading below support level of 1700 with negative RSI and we are expecting negative movement in it. For this week, if it breaks the level of 1655 on the lower side then it can test the level of 1505 during the week. One can make sell position in it by maintaining a SL at 1715.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Sell

Below 1655

Target

1505

1715

18/09/2018

Calls of the Week (FOREX) EURINR EURINR continuously trading with positive sentiment and recently broken its bullish flag pattern and sustaining above it indicating short term positive movement in it. Last week EURINR made a high of 84.7075 and closed at 84.2425 with overall marginal gain of 0.79% on weekly basis. For this week, if it breaks the level of 84.7100 on the upper side then it can test the level of 85.2500 during the week. One can make buy position in it by maintaining a SL at 84.3975.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Buy

Below 84.7100

Target

85.2500

84.3975

JPYINR Last week JPYINR made a low of 64.0600 and closed at 64.3700 with overall marginal loss of 0.75% on weekly basis. The secondary trend of JPYINR is bearish on chart and market is continuously resist by the Bollinger band upper band indicating correction from intra day to mid term basis. For this week, if it breaks the level of 64.6000 on the lower side then it can test the level of 64.1125 during the week. One can make sell position in it by maintaining a SL at 65.0025.

WEEKLY STRATEGY

PARTICULAR

Action

Entry Range

DETAILS

Sell

Above 64.6000

Target

64.1125

65.0025

18/09/2018

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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

18/09/2018