Commodity research report 19 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

156.90

156.80

158.00

151.20

151.95

-3.15%

-3.36%

11.47%

Copper

29-Jun-18

491.25

489.95

472.60

473.90

-3.53%

-31.07%

-15.93%

Crude Oil

19-Jun-18

4445

4425

4575

4373

4435

-0.22%

5.13%

25.06%

03-Aug-18

31215

31186

31424

30958

31010

-0.66%

6.11%

77.19%

29-Jun-18

166.65

167.35

169.75

163.55

163.80

-1.71%

-6.31%

-20.84%

26-Jun-18

195.80

196.70

207.50

196.70

206.20

5.31%

176.46%

79.79%

29-Jun-18

1043.10

1038.70

1057.90

1020.10

1030.20

-1.24%

-12.26%

22.18%

Silver

05-Jul-18

40412

40650

41698

40141

40199

-0.53%

2.75%

175.00%

Zinc

29-Jun-18

217.40

216.55

219.15

211.55

212.00

-2.48%

-15.88%

17.16%

Gold Lead Natural Gas Nickel

NCDEX Market Wrap-Up Commodity

Contract

Previous Close

Open

High

Low

% Change in Price

% Change in Open Interest

% Change in Volume

Castor Seed

20-Jul-18

3975

3970

4110

3861

4093

2.97%

-3.08%

3.82%

Chana

20-Jul-18

3457

3460

3475

3292

3465

0.23%

-0.60%

-33.10%

Dhaniya

20-Jul-18

4297

4300

4525

4250

4461

3.82%

-2.31%

-77.02%

COCUDAKL

20-Jul-18

1468.00

1474.00

7.73%

0.51%

9.88%

Guargum5

20-Jul-18

7572

7575

2.17%

-5.34%

-57.36%

Guarseed10

20-Jul-18

3668.00

3650.00

1.74%

0.10%

-55.41%

Jeera

20-Jul-18

16210

16140

16740

16110

16570

2.22%

-18.77%

-81.85%

RMseed

20-Jul-18

4032

4030

4034

3923

4017

2.22%

-36.59%

Ref Soya Oil

20-Jul-18

761.25

758.60

762.00

735.70

751.10

-1.33%

-2.00%

24.58%

Soyabean

20-Jul-18

3509

3520

3361

3475

-0.97%

-10.05%

-42.22%

Turmeric

20-Jul-18

7170

7180

7498

7122

7360

2.65%

-4.21%

-77.78%

Mentha Oil

20-Jun-18

1218.40

1210.00

-5.01%

28.01%

-22.17%

1614.00 1472.00 1581.50 7825

7492

7736

3772.00 3622.50 3732.00

1210.00 1106.00 1157.30

-0.37%

Currency Market Wrap-Up Currency Pair

Contract

Previous Close

Open

High

Change in Price (in%)

USDINR

27-Jun-18

67.7300

97.6475

68.1175

67.4125

68.0925

0.54%

GBPINR

27-Jun-18

90.7650

90.7325

91.0500

89.9200

90.4725

-0.32%

JPYINR

27-Jun-18

62.0650

61.8200

61.2050

61.5750

-0.79%

EURINR

27-Jun-18

79.6100

79.7175

80.1925

78.6025

78.9725

-0.80%

Low

Continued…….

19/06/2018

Market Wrap-Up International Market Wrap-up Commodity

Exchange

Previous Close

Aluminium

LME

2308.50

Copper

COMEX

Crude Oil

High

Low

% Change in Price

2308.75

2326.75

2201.50

2212.50

-4.16%

3.293

3.281

3.130

3.138

-4.71%

NYMEX

65.74

65.57

67.16

64.29

64.32

-2.16%

Gold

COMEX

1298.10

1299.30

1307.70

1274.00

1282.10

-1.23%

Lead

LME

2471.75

2475.75

2508.50

2401.50

2404.00

-2.74%

NYMEX

2.890

2.924

3.035

2.913

3.032

4.91%

Nickel

LME

15460.00

15462.50

15712.50

15102.50

15170.00

-1.88%

Silver

COMEX

16.694

16.870

17.285

16.625

16.570

-0.74%

Zinc

LME

3198.50

3201.25

3217.25

3073.25

3084.50

-3.56%

Natural Gas

Open

19/06/2018

Inventory Updates LME Inventory Closing AS (As on 15th June 18 2018) In tones

Closing (As on 8th June 2018) in tones

% Change in Price

Copper

293550

310200

-5.37%

Nickel

276312

278790

-0.89%

Lead

132275

132850

-0.43%

Zinc

243550

250975

-2.96%

Aluminium

1148000

1180175

-2.73%

Commodity

Continued…….

19/06/2018

Inventory Updates

19/06/2018

Market Next Week Upcoming Economic Events Calender Time

Currency

Event

Forecast

Monday, June 18, 2018 18:15

USD

FOMC Member Dudley Speaks

18:30

USD

FOMC Member Duke Speaks

22:30

USD

FOMC Member Bostic Speaks Tuesday, June 19, 2018

1:15

USD

FOMC Member Williams Speaks

16:30

USD

FOMC Member Bullard Speaks

18:00

USD

Building Permits (MoM) (May)

18:00

USD

Building Permits (May)

18:00

USD

Housing Starts (MoM) (May)

18:00

USD

Housing Starts (May)

2:00

USD

Wednesday, June 20, 2018 API Weekly Crude Oil Stock

15:30

GBP

CBI Industrial Trends Orders (Jun)

18:00

USD

Current Account (Q1)

19:00

USD

Fed Chair Powell Speaks

19:30

USD

19:30

-0.90% 1.350M

1.364M

1.40%

-3.70%

1.317M

1.287M 0.833M

-3

-129.0B

-128.2B

Existing Home Sales (May)

5.52M

5.46M

USD

Existing Home Sales (MoM) (May)

1.50%

-2.50%

20:00

USD

Crude Oil Inventories

-4.143M

20:00

USD

Cushing Crude Oil Inventories

-0.687M

Thursday, June 21, 2018 16:30

GBP

BoE MPC vote cut (Jun)

16:30

GBP

BoE MPC vote hike (Jun)

16:30

GBP

BoE MPC vote unchanged (Jun)

16:30

GBP

BoE QE Total (Jun)

435B

16:30

GBP

BoE Interest Rate Decision (Jun)

0.50%

18:00

USD

Initial Jobless Claims

221K

218K

18:00

USD

Philadelphia Fed Manufacturing Index (Jun)

28.8

34.4

18:00

USD

Philly Fed Employment (Jun)

30.2

Friday, June 22, 2018 19:15

USD

Manufacturing PMI (Jun)

56.5

56.4

19:15

USD

Services PMI (Jun)

56.5

56.8

Tentative

USD

OPEC Meeting

22:30

USD

U.S. Baker Hughes Oil Rig Count

Currency Weekly Pivots Currency Pair

Contract

USDINR

29-Jun-18

69.2800

69.0000

68.0000

67.0000

66.4500

GBPINR

29-Jun-18

93.8700

92.7400

91.6100

91.0000

90.2800

89.3500

88.2200

JPYINR

29-Jun-18

62.7630

62.2000

61.9000

61.5500

61.2500

60.9000

60.3000

EURINR

29-Jun-18

82.4400

80.9000

80.0000

79.3000

78.4000

77.7000

76.0800 Continued…….

19/06/2018

Market Next Week MCX Weekly Pivots Commodity

Contract

Aluminium

29-Jun-18

167.30

161.00

157.00

154.00

150.00

147.00

140.10

Copper

29-Jun-18

513

497

486

479

468

461.00

444.00

Crude Oil

19-Jun-18

4865

4663

4549

4461

4347

4259

4057

Gold

03-Aug-18

32062

31597

31303

31131

30837

30665

30198

Lead

29-Jun-18

178.10

171.90

167.85

165.70

161.65

159.50

153.30

Natural Gas

26-Jun-18

225.00

214.30

210.30

203.50

199.50

192.70

181.90

Nickel

29-Jun-18

1111

1073

1052

1036

1019

998

960

Silver

05-Jul-18

43793

42237

41219

40680

39662

39123

37550

Zinc

29-Jun-18

229.00

221.90

217.10

214.30

209.40

206.70

199.00

NCDEX Weekly Pivots Commodity

Contract

Castor Seed

20-Jul-18

4431

4270

4182

4021

3933

3772

3684

43301

3712

3594

3529

3411

3346

3228

3163

20-Jul-18

4849

4687

4574

4412

4299

4137

4024

COCUDAKL

43301

1782

1698

1640

1556

1498

1414

1356

Guargum5

20-Jul-18

8210

8017

7877

7684

7544

7351

7211

43301

3945

3858

3795

3709

3646

3559

3496

20-Jul-18

17467

17103

16837

16473

16207

15843

15577

43301

4171

4103

4061

3992

3949

3880

3838

20-Jul-18

789

776

764

750

737

723

711

Soyabean

43301

3702

3611

3543

3452

3384

3293

3225

Turmeric

20-Jul-18

7907

7703

7531

7327

7155

6951

6779

Mentha Oil

29-Jun-18

1314

1262

1210

1158

1106

1054

1002

Chana Dhaniya

Guarseed10 Jeera RMseed Ref Soya Oil

19/06/2018

MCX Fundamentals BULLION Gold prices moved little on Friday after marking solid gains yesterday to four week highs before trimming the gains due to dollar's strength. The European Central Bank voted to maintain its monetary policy and interest rates unchanged while extending the bonds purchase program for three more months. The meeting bashed Euro lower versus dollar in turn weighing on dollar denominated gold futures. Gold closed below 1 week low with volume signals down breakout Currently Gold is in hold short position Gold is moving sideways the oscillator is showing sell signal. Support for the Gold is 30840.Resistance for the Gold is 31240.

BASE METALS

Three-month base metals prices on the London Metal Exchange were for the most part lower on the morning of Friday June 15 lead by a 0.6% fall in zinc prices to $3,161 per ton, while nickel gained 0.3% the rest are off between 0.1% and 0.2%. Copper prices were recently quoted at $7,153 per ton. This follows a day of weakness on Thursday when the complex closed down by an average of 1.1% with nickel prices falling by 2.4% having risen by 2.6% on Wednesday.

ENERGY Oil prices fell in European trade on Friday with US crude backing off two-week highs while Brent declined for another day on global oversupply concerns after production bumps in Russia US and Saudi Arabia.US crude rose 0.6% yesterday, the second profit in a row marking a two-week high at $67.14, while Brent lost 0.8%. Russian output rose to 11.1 million bpd in June from 11 million bpd in May according to Inter fax reporting.

19/06/2018

NCDEX Fundamentals SPICES Due to high prevailing rates last year more sowing was done for Jeer. Good rains in Gujarat and Rajasthan further boosted productivity aspects and traders estimate the crop to be between 65-75 lakh bags. Jeer acreage in Gujarat is up by . 38% to 3.83 lakh hectares as on 15-Jan-18. Acreage was 2.88 lakh ha at that same time. Turmeric traded in a range with prices finding immediate strong support at the 7190 marks light weakening of Monsoon reports additionally supported the prices.

OILSEEDS Increased harvesting activities could limit the uptrend for Mentha Oil as clearer skies in growing regions of UP improved harvesting prospects. Good crop sowing reports have been noted earlier this year. The peak harvest season will be June and July therefore traders expect harvesting activities to rise in coming weeks. Prices did find some support after the recent dips for Soybean but that may be limited. Indian Govt hiking import duty on edible oils supported prices. Last weekâ&#x20AC;&#x2122;s USDA report too was moderately bullish

GUAR COMPLEX

Reports of slight weakening of Monsoon progress supported the falling Guar prices. However cloudy weather seen in Rajasthan could again be a bearish factor for the counter if rains happen there at this point of time. Market sources anticipate further fall to be limited. There is still time for monsoon to reach growing areas in Rajasthan.

OTHERS Moderate firm trend persisted for RM Seed on bullish fundamentals. Palm oil and RM seed oil have positive correlation with each other hence strength in palm oil put pressure also supported RM seed prices yesterday. Weakness in International markets may keep initial trend weak for Cotton Kapas trades with high volumes as its launch in NCDEX last week provided support to the market sentiments. We expect some fall in prices this week.

19/06/2018

Calls of the Week (MCX) CRUDE OIL Market is continuously trading above the level of 4400 from last couple of trading weeks. The overall trend of Crudeoil is bullish on chart from short term to midterm basis supported by 100 days moving average. Daily RSI (14) has given positive signal. Prices are expected to go higher from these levels towards next strong resistance zone placed around 4600. If market break the level of 4450 investor can make the buy position in it with the Stop loss of 4390

WEEKLY STRATEGY PERTICULAR

Action

Entry Range

DETAILS

Buy

ABOVE 4450

Target

4600

4390

ZINC Last week Zinc opened with the positive sentiment but found enough resistance near the level of 220 and declined sharply to the level of 211. It made a low of 211.50 during the week and closed at 212 with overall loss of 2.50%. For the next week we can expect further downtrend movement in it as technically market is sustaining above its support trend line and if market break the level of 210 markets can continue its negative trend to the level of 207.50 and then

WEEKLY STRATEGY PERTICULAR

Action

Entry Range

DETAILS

Sell

Below 210

Target

207.50

211.05

19/06/2018

Calls of the Week (NCDEX) COCKUDAKL Last week COCUDAKL prices opened flat and corrected sharply for most of the week till low of 1400 and getting bounce back from level with good volume. Previously prices have rallied strongly support at its short term rising trend line. Daily RSI (14) has given positive signal. Prices are expected to go higher from these levels towards next strong resistance zone placed around 1760.

WEEKLY STRATEGY

PERTICULAR

Action

Entry Range

DETAILS

Buy

Above 1590

Target

1740

1530

RMSEED From last couple of trading week market is moving with positive sentiment as market found enough support at the level of 3965 and bounce back from levels. Market is continuously forming higher highs and higher lows indicating positive movement in coming secession. Investor can go with the buy on lower level strategy for short term to midterm basis. Support for the RMSEED is 3960 and Resistance for the RMSEED is 4050.

WEEKLY STRATEGY PERTICULAR

Action

Entry Range

DETAILS

Buy

Above 4020

Target

4150

3965

19/06/2018

Calls of the Week (FOREX) JPYINR Last week GBPINR Jun Futures started the week on negative note and after that it witnessed sideways movement for the remaining part of the week. It made low of 89.9200 during the week and closed at 90.4725 with the overall loss of 0.32% on the weekly basis. Technically it consolidating on the lower levels of the charts with the negative RSI and for this week, we can expect further downside movement in it. For this week, if it breaks the level of if it breaks the level of 90.1000 on the downside then it can test the level of 89.5125 during the week. One can make sell position in it by maintaining a SL 90.4125

WEEKLY STRATEGY PERTICULAR

Action

Entry Range

DETAILS

Sell

Below 90.1000

Target

89.5125

90.4125

EURINR Last week EURINR Jun Futures started the week on positive note and continued the same till the Thursday but on the last day of the week, we saw sharp bearish movement in it. It made a low of 78.6025 on the last day of the week and closed at 79.7925 with the overall loss of 0.80% on weekly basis. Technically it consolidating on the lower levels of the charts with the negative RSI and for this week, we can expect further downside movement in it.For this week, if it breaks the level of if it breaks the level of 78.8700 on the downside then it can test the level of 78.2725 during the week. One can make sell position in it by maintaining a SL 79.1725

WEEKLY STRATEGY PERTICULAR

Action

DETAILS

Sell

Entry Range

78.8700

Target

78.2725

79.1725 19/06/2018

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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

19/06/2018