Commodity Research Report 21 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

143.75

144.30

146.00

140.85

141.90

-1.29%

-3.97%

-47.10%

Copper

31-Aug-18

419.60

419.50

426.00

402.55

407.65

-2.85%

8.54%

1.85%

Crude Oil

19-Sep-18

4,642

4,650

4,755

4,526

4,571

-1.53%

-21.84%

-4.35%

Gold

05-Oct-18

29783

29826

29893

29268

29349

-1.46%

4.36%

-13.26%

Lead

31-Aug-18

144.9

144.5

148.45

138.75

139.4

-3.80%

-3.25%

33.51%

Natural Gas

28-Aug-18

203.2

203.5

208.4

202.7

206.6

1.67%

3.28%

24.41%

Nickel

31-Aug-18

952.5

957.6

968.5

915

946.6

-0.62%

-6.82%

10.78%

Silver

05-Sep-18

37968

38040

38159

36423

36778

-3.13%

6.45%

-15.59%

Zinc

31-Aug-18

176.40

177.25

178.45

163.80

168.00

-4.76%

19.66%

7.23%

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

4714.00

4699.00

4723.00

4564.00

4658.00

-1.19%

-2.78%

-14.11%

Chana

19-Sep-18

4288.00

4275.00

4401.00

4268.00

4325.00

0.86%

-10.75%

-65.32%

Dhaniya

19-Sep-18

5029.00

5060.00

4828.00

4884.00

-2.88%

-2.32%

-57.69%

COCUDAKL

19-Sep-18

1796.50

1810.00

1850.00

1731.00

1776.50

-1.11%

-2.86%

-52.90%

Guargum5

16-Oct-18

9847.00

9802.00

9997.00

9370.00

9882.00

0.36%

0.96%

22.86%

Guarseed10

16-Oct-18

4572.50

4594.00

4643.50

4355.00

4601.00

0.62%

5.87%

38.09%

Jeera

19-Sep-18

19840.00 19820.00

20040.00 19420.00 19880.00

0.20%

-6.55%

-43.49%

RMseed

19-Sep-18

4143.00

4126.00

4195.00

4111.00

4188.00

1.09%

-19.16%

-33.57%

Ref Soya Oil

19-Sep-18

737.40

734.70

740.90

726.00

739.35

0.26%

4.40%

-21.17%

Soyabean

16-Oct-18

3382.00

3360.00

3383.00

3282.00

3371.00

-0.33%

-0.01%

70.59%

Turmeric

19-Sep-18

7188.00

7190.00

7200.00

6950.00

6978.00

-2.92%

-2.37%

-68.19%

Mentha Oil

31-Aug-18

1633.70

1620.00

1695.00

1610.00

1648.80

0.92%

-3.93%

-55.06%

Commodity

Currency Market Wrap-Up Contract

Previous Close

Open

High

Low

Change in Price (in%)

USDINR

29-Aug-18

68.9925

69.7072

70.4925

69.5225

70.3100

1.91%

GBPINR

29-Aug-18

88.1875

88.0200

89.7925

88.0200

89.3700

1.34%

JPYINR

29-Aug-18

62.2375

63.0300

63.5925

62.5000

63.4375

1.93%

EURINR

29-Aug-18

79.2175

79.1000

80.2500

78.7500

80.0150

1.01%

Currency Pair

Continued…….

20/08/2018

Market Wrap-Up International Market Wrap-up Exchange

Previous Close

Open

High

Low

% Change in Price

LME

2092.50

2081.00

2094.25

2007.50

2033.75

-2.81%

Copper

COMEX

2.732

2.713

2.733

2.562

2.660

-2.64%

Crude Oil

NYMEX

67.63

67.78

68.37

64.43

65.91

-2.54%

Gold

COMEX

1211.10

1207.00

1207.40

1161.40

1191.80

-1.59%

Lead

LME

2099.00

2095.25

2124.75

1921.50

2001.50

-4.65%

NYMEX

2.944

2.936

2.974

2.891

2.946

0.07%

Nickel

LME

13812.50

13765.00

13895.00

12770.00

13552.50

-1.88%

Silver

COMEX

15.266

15.240

14.395

14.775

-3.22%

Zinc

LME

2540.25

2534.75

2552.25

2285.50

2380.25

-6.30%

Commodity Aluminium

Natural Gas

20/08/2018

Inventory Updates LME Inventory Closing (As on 17thAug18) In tones

Closing (As on 10thAug18) in tones

% Change in Price

Aluminium

1124150

1154050

-2.59%

Copper

257400

252625

1.89%

Lead

125400

123575

1.48%

Nickel

247548

249720

-0.87%

Zinc

252250

231125

9.14%

Commodity

Continued…….

20/08/2018

Inventory Updates

20/08/2018

Market Next Week Upcoming Economic Events Calender Time

Currency

Event

Forecast

Tuesday, August 21, 2018 15:30

GBP

CBI Industrial Trends Orders (Aug)

Tentative

USD

OPEC Meeting Wednesday, August 22, 2018

2:00

USD

API Weekly Crude Oil Stock

3.660M

Tentative

GBP

Inflation Report Hearings

19:30

USD

Existing Home Sales (MoM) (Jul)

1.20%

-0.60%

19:30

USD

Existing Home Sales (Jul)

5.40M

5.38M

20:00

USD

Crude Oil Inventories

23:30

USD

FOMC Meeting Minutes

6.805M

Thursday, August 23, 2018 18:00

USD

Initial Jobless Claims

215K

212K

19:15

USD

Manufacturing PMI (Aug)

55.1

55.3

19:15

USD

Markit Composite PMI

19:15

USD

Services PMI (Aug)

56.2

19:30

USD

New Home Sales (Jul)

645K

631K

19:30

USD

New Home Sales (MoM) (Jul)

2.50%

-5.30%

55.7

Friday, August 24, 2018 14:00

GBP

Gross Mortgage Approvals

40.5K

18:00

USD

Cap Goods Ship Non Defense Ex Air (MoM)

0.80%

18:00

USD

Core Durable Goods Orders (MoM) (Jul)

0.50%

0.20%

18:00

USD

Durable Goods Orders (MoM) (Jul)

-0.80%

0.80%

Currency Weekly Pivots Currency Pair

Contract

USDINR

29-Aug-18

72.0500

71.0500

70.7000

70.1000

69.7000

69.1500

68.1500

GBPINR

29-Aug-18

92.6000

90.8000

90.1000

89.0500

88.3000

87.3000

85.5000

JPYINR

29-Aug-18

65.4000

64.3000

63.9000

63.2000

62.8000

62.1000

61.0000

EURINR

29-Aug-18

82.6500

81.1500

80.5500

79.6500

79.0500

78.1500

76.6500 Continued…….

20/08/2018

Market Next Week MCX Weekly Pivots Commodity

Contract

Aluminium

31-Aug-18

153.20

148.05

144.95

142.90

139.80

137.75

132.60

Copper

31-Aug-18

458.95

435.50

421.55

412.05

398.10

388.60

365.15

Crude Oil

19-Sep-18

5075

4846

4709

4617

4480

4388

4159

Gold

05-Oct-18

30753

30128

29739

29503

29114

28878

28253

Lead

31-Aug-18

161.60

151.90

145.65

142.20

135.95

132.50

122.80

Natural Gas

28-Aug-18

217.30

211.60

209.10

205.90

203.40

200.20

194.50

Nickel

31-Aug-18

1050.35

996.85

971.70

943.35

918.20

889.85

836.35

Silver

05-Sep-18

40592

38856

37817

37120

36081

35384

33648

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

4966

4807

4733

4648

4574

4489

4330

Chana

19-Sep-18

4597

4464

4395

4331

4262

4198

4065

Dhaniya

19-Sep-18

5388

5156

5020

4924

4788

4692

4460

COCUDAKL

19-Sep-18

2023.85

1904.85

1840.70

1785.85

1721.70

1666.85

1547.85

Guargum5

16-Oct-18

11004

10377

10129

9750

9502

9123

8496

Guarseed10

16-Oct-18

5110.15

4821.65

4711.30

4533.15

4422.80

4244.65

3956.15

Jeera

19-Sep-18

21020.00

20400.00

20140.00

19780.00

19520.00

19160.00

18540.00

RMseed

19-Sep-18

4333

4249

4218

4165

4134

4081

3997

Ref Soya Oil

19-Sep-18

765.20

750.30

744.80

735.40

729.90

720.50

705.60

Soyabean

16-Oct-18

3547

3446

3409

3345

3308

3244

3143

Turmeric

19-Sep-18

7543

7293

7135

7043

6885

6793

6543

Mentha Oil

31-Aug-18

1821.3

1736.3

1692.5

1651.3

1607.5

1566.3

1481.3

20/08/2018

MCX Fundamentals BULLION

Gold prices edged higher in early trade on Friday as dollar held steady but the metal remained on track to post its biggest weekly decline since May 2017. Spot gold rose 0.3 percent at $1,177.38 an ounce. In the previous session the metal hit a 19-month low at $1,159.96. The metal was down 2.8 percent for the week and set to record a sixth consecutive weekly decline. U.S. gold futures were unchanged at $1,184 an ounce .

BASE METALS

London copper prices ticked lower on Friday shedding last session's gains which were triggered by reports of Washington Beijing trade talks and a recovery in Turkey's currency. The benchmark copper on the LME was down 0.3 percent at $5,920.50 a tonne after climbing more than 2 percent in the last session, while most-traded contract on the Shanghai Futures Exchange added 0.3 percent to 47,870 Yuan ($6,965.34) a tonne.

ENERGY Oil prices fell on Friday with U.S. crude heading for a seventh weekly decline amid increasing concerns about slowing global economic growth that could hit demand for petroleum products. Brent crude oil futures were down 5 cents at $71.38 a barrel. U.S. West Texas Intermediate (WTI) crude futures dropped 4 cents to $65.42 a barrel. Natural gas September futures fell nearly one percent to $2.91 per million British thermal units marking August 8 lows while the dollar index inched down 0.05% to 96.65 against a basket of major rivalswhile still near 14-month highs hit recently.

20/08/2018

NCDEX Fundamentals SPICES Jeera kept trading with high volatility with prices bouncing back after the recent dips. Short term trend still looks volatile with traders waiting for some dips before initiating fresh demand in mandis. 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.

OILSEEDS Overall sentiments remained firm for Mentha even as prices found immediate Resistance at these levels on rising demand and falling arrivals. With harvesting getting over the export and domestic demand for the new crop is on the rise. This could support prices in the medium to long term. Rains in growing regions of UP have reportedly adversely affected harvesting process leading to firm prices.

GUAR COMPLEX Markets shot up for Guar as it touched the psychological 10,000 mark on strong fundamentals. Lower sowing area amidst lower rains in Rajasthan, firmness in Crude oil prices and in Dollar Vs Rupee kept trend up for Guar. Lower export figures so far are however keeping up trend limited.

OTHERS Soy bean was positive yesterday amid positive global cues. In near term further strengthening of international markets and adverse Monsoon reports could lend support to the prices as the week comes to an end. Reports of fresh buying interest and nominal export query for soy meal kept trend upwards. Demand prospects is likely to improve in near term at these lower levels.

20/08/2018

Calls of the Week (MCX) ZINC From last couple of trading weeks zinc is trading with negative sentiment. It made a low 163.80 and facing support near the level of 165 and getting bounce back from lower level. Last week Zinc made a low of 163.80 and closed at 168 with overall marginal loss of 4.75% on weekly basis. On its hourly chart market is recently broken its resistance trend line sustaining above it we positive RSI indicating positive trend for this week. For this week, if it breaks the level of 168.70 on the upper side then it can test the level of 175.50 during the week. One can make buy position in it by maintaining a SL at 167.50

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Buy

Above 168.70

Target

175.50

167.50

NICKEL Last week Nickel open with negative sentiment buy found enough support near the level of 910. As we can see market is facing support of important psychological number of 900 and we can expect bounce back from lower level. Last week Nickel made a low of 915 and closed at 946.60 with overall marginal loss of 0.60% on weekly basis. For this week, if it breaks the level of 950 on the upper side then it can test the level of 1020 during the week. One can make buy position in it by maintaining a SL at 938.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Buy

Above 950

Target

1020

938

20/08/2018

Calls of the Week (NCDEX) DHANIYA Last week Dhaniya open with negative sentiment but found enough support near the level of 4800. Last week Dhaniya made a low of 4828 and closed at 4884 with overall marginal loss of 2.88% on weekly basis. On its daily market is continuously trading above the level of 5000 with positive RSI indicating bounce back from lower level. For this week, if it breaks the level of 4980 on the upper side then it can test the level of 5110 during the week. One can make buy position in it by maintaining a SL at 4925.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Buy

Below 4980

Target

5110

4925

TURMERIC Last week TMC made a low of 6950 and closed at 6978 with overall marginal loss of 3% on weekly basis. The secondary trend of TMC is bullish on chart and market is facing support near the level of 7000 and forming double bottom formation on lower level indicating short term positive trend in it. For this week, if it breaks the level of 7080 on the upper side then it can test the level of 7310 during the week. One can make buy position in it by maintaining a SL at 6980.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Buy

Above 7080

Target

7310

6980

20/08/2018

Calls of the Week (FOREX) GBPINR From last couple of trading week GBPINR trading with negative sentiment and we still believe that market can continue its negative trend. Last week GBPINR made a low of 88.0200 and closed at 89.3700 with overall marginal gain of 1.34% on weekly basis. On its hourly chart market is resist by its downtrend line indicating negative trend for this week. For this week, if it breaks the level of 89.0800 on the lower side then it can test the level of 88.5025 during the week. One can make sell position in it by maintaining a SL at 89.4025.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Sell

Below 89.0800

Target

88.5025

89.4025

USDINR The secondary trend of USDINR is negative on chart and 70.000 level reacted as a strong resistance zone for USDINR. From higher level we can see some profit booking in it and market can correct it. Last week USDINR made a high of 70.4925 and closed at 70.3100 with overall marginal gain of 1.91% on weekly basis. For this week, if it breaks the level of 69.8500 on the lower side then it can test the level of 69.3525 during the week. One can make sell position in it by maintaining a SL at 70.2025.

WEEKLY STRATEGY

PARTICULAR

Action

Entry Range

DETAILS

Sell

Above 69.8500

Target

69.3525

70.2025

20/08/2018

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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

20/08/2018