Commodity Research Report 21 january 2019 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-Dec-19

128.80

128.90

133.25

127.40

133.10

3.34%

-11.43%

21.44%

Copper

28-Feb-19

415.90

414.00

430.80

411.60

429.35

3.23%

-20.35%

38.90%

Crude Oil

18-Jan-19

3,665

3,646

3,872

3,615

3,854

5.16%

-17.84%

-11.89%

Gold

05-Feb-19

31928

31989

32390

31975

32091

0.51%

4.56%

0.70%

Lead

31-Dec-19

140.05

142.75

138.35

141.85

1.29%

-6.55%

13.81%

Natural Gas

26-Dec-19

217.00

218.60

264.40

218.60

238.20

9.77%

-13.59%

163.12%

Nickel

31-Dec-19

805.30

802.60

842.80

798.60

838.70

4.15%

-24.06%

-13.54%

Silver

05-Mar-19

39336

39305

39770

39107

39198

-0.35%

-5.59%

3.62%

Zinc

31-Dec-19

176.25

175.30

186.15

174.15

185.30

5.13%

13.15%

25.52%

NCDEX Market Wrap-Up Contract

Previous Close

Open

High

Low

% Change in Price

% Change in Open Interest

% Change in Volume

Castor Seed

18-Jan-19

5256.00

5284.00

5350.00

5202.00

5278.00

0.42%

0.01%

-4.10%

Chana

18-Jan-19

4328.00

4345.00

4360.00

4217.00

4277.00

-1.18%

5.82%

-1.74%

Dhaniya

18-Jan-19

6643.00

6640.00

6747.00

6435.00

6530.00

-1.70%

1.50%

-47.77%

COCUDAKL

18-Jan-19

1911.00

1913.50

2017.00

1906.00

1978.00

3.51%

-0.78%

3.56%

Guargum5

18-Jan-19

8245.00

8250.00

8768.00

8238.00

8636.00

4.74%

-3.72%

42.57%

Guarseed10

18-Jan-19

4206.00

4210.00

4394.00

4200.00

4349.00

3.40%

-7.37%

-4.90%

Jeera

18-Jan-19

17045.00

17040.00

17270.00 16900.00 17050.00

0.03%

-7.85%

10.36%

RMseed

18-Jan-19

3882.00

3893.00

3912.00

3825.00

3866.00

-0.41%

0.85%

20.02%

Ref Soya Oil

18-Jan-19

752.40

752.90

764.50

748.40

764.20

1.57%

-12.40%

135.73%

Soyabean

18-Jan-19

3625.00

3635.00

3815.00

3635.00

3806.00

4.99%

1.53%

50.28%

Turmeric

18-Jan-19

6604.00

6638.00

6670.00

6436.00

6536.00

-1.03%

1.77%

653.82%

Mentha Oil

31-Dec-19

1613.10

1603.00

1614.00

1566.70

1591.00

-1.37%

7.92%

-0.10%

Commodity

Currency Market Wrap-Up Contract

Previous Close

Open

High

Low

Change in Price (in%)

USDINR

29-Jan-19

70.6000

70.5225

71.4775

70.5225

71.2350

0.90%

GBPINR

29-Jan-19

90.3950

90.5100

92.5300

90.5100

92.2775

2.08%

JPYINR

29-Jan-19

65.2700

65.2650

65.9000

65.0125

65.1400

-0.20%

EURINR

29-Jan-19

81.4625

81.2775

81.7975

81.0000

81.2975

-0.20%

Currency Pair

Continued…….

21/01/2019

Market Wrap-Up International Market Wrap-up Exchange

Previous Close

Open

High

Low

% Change in Price

LME

1850.00

1859.00

1864.00

1812.00

1813.00

-2.00%

Copper

COMEX

2.662

2.654

2.727

2.616

2.719

2.14%

Crude Oil

NYMEX

51.59

51.73

53.92

50.38

53.80

4.28%

Gold

COMEX

1289.00

1288.00

1296.00

1280.00

1282.00

-0.54%

Lead

LME

1994.00

1997.00

2007.00

1955.00

1996.00

0.10%

NYMEX

3.099

3.325

3.722

3.201

3.482

12.36%

Nickel

LME

11462.50

11442.50

11857.50

11332.50

11807.50

3.01%

Silver

COMEX

15.656

15.640

15.735

15.350

15.399

-1.64%

Zinc

LME

2561.000

2535.00

2660.00

2513.00

2645.000

3.28%

Commodity Aluminium

Natural Gas

21/01/2019

Inventory Updates LME Inventory Closing (As on 18th Jan 19) In tones

Closing (As on 11th Jan 19) in tones

% Change in Price

Aluminium

1304000

1286050

1.40%

Copper

134975

133600

1.03%

Lead

98400

106600

-7.69%

Nickel

201384

203274

-0.93%

Zinc

122575

127050

-3.52%

Commodity

Continued…….

21/01/2019

Inventory Updates

21/01/2019

Market Next Week Upcoming Economic Events Calender Time

Currency

Event

Forecast

Monday, January 21, 2019 All Day

USD

United States - Martin Luther King, Jr. Day

Tentative

GBP

U.K. Prime Minister May Speaks

Holiday

Tuesday, January 22, 2019 15:00

GBP

Average Earnings Index +Bonus (Nov)

3.30%

15:00

GBP

Claimant Count Change (Dec)

20.0K

21.9K

15:00

GBP

Employment Change 3M/3M (MoM)

88.0K

79.0K

15:00

GBP

Unemployment Rate (Nov)

4.10%

20:30

USD

Existing Home Sales (Dec)

5.25M

5.32M

20:30

USD

Existing Home Sales (MoM) (Dec)

-1.20%

1.90%

Wednesday, January 23, 2019 5:20

JPY

Adjusted Trade Balance

-0.29T

-0.49T

5:20

JPY

Exports (YoY) (Dec)

-1.90%

0.10%

5:20

JPY

Trade Balance (Dec)

-30B

-738B

Tentative

JPY

BoJ Monetary Policy Statement

Tentative

JPY

BoJ Outlook Report (YoY)

Tentative

JPY

BoJ Interest Rate Decision

-0.10%

Tentative

JPY

BoJ Press Conference

15:00

GBP

BoE MPC Member Broadbent Speaks

16:30

GBP

CBI Industrial Trends Orders (Jan)

Thursday, January 24, 2019 3:00

USD

API Weekly Crude Oil Stock

-0.560M

19:00

USD

Initial Jobless Claims

220K

213K

20:15

USD

Manufacturing PMI (Jan)

53.5

53.8

20:15

USD

Markit Composite PMI (Jan)

20:15

USD

Services PMI (Jan)

21:30

USD

Crude Oil Inventories

54.4 54.2

54.4 -2.683M

Friday, January 25, 2019 5:00

JPY

Tokyo Core CPI (YoY) (Jan)

0.90%

19:00

USD

Core Durable Goods Orders (MoM) (Dec)

0.20%

0.40%

19:00

USD

Durable Goods Orders (MoM) (Dec)

2.10%

-4.30%

Tentative

USD

New Home Sales

569K

544K

Currency Weekly Pivots Currency Pair

Contract

USDINR

29-Jan-19

73.0000

72.0500

71.7000

71.1000

70.7000

70.1500

69.2000

GBPINR

29-Jan-19

95.8000

93.7500

93.0000

91.7500

90.9500

89.7500

87.7000

JPYINR

29-Jan-19

67.1500

66.2500

65.7000

65.3500

64.8000

64.4500

63.6000

EURINR

29-Jan-19

82.9500

82.1500

81.7000

81.3500

80.9000

80.5500

79.7500 Continued…….

21/01/2019

Market Next Week MCX Weekly Pivots Commodity

Contract

Aluminium

31-Jan-19

142.95

137.10

135.10

131.25

129.25

125.40

119.55

Copper

28-Feb-19

462.30

443.10

436.20

423.90

417.00

404.70

385.50

Crude Oil

19-Feb-19

4294

4037

3946

3780

3689

3523

3266

Gold

05-Feb-19

32982

32567

32329

32152

31914

31737

31322

Lead

31-Jan-19

149.80

145.40

143.65

141.00

139.25

136.60

132.20

Natural Gas

28-Jan-19

332.00

286.20

262.20

240.40

216.40

194.60

148.80

Nickel

31-Jan-19

915.10

870.90

854.80

826.70

810.60

782.50

738.30

Silver

05-Mar-19

40684

40021

39610

39358

38947

38695

38032

Zinc

31-Jan-19

205.85

193.85

189.55

181.85

177.55

169.85

157.85

NCDEX Weekly Pivots Commodity

Contract

Castor Seed

20-Feb-19

5573

5425

5351

5277

5203

5129

4981

Chana

19-Mar-19

4571

4428

4352

4285

4209

4142

3999

Dhaniya

16-Apr-19

7195

6883

6706

6571

6394

6259

5947

COCUDAKL

20-Feb-19

2189.00

2078.00

2028.00

1967.00

1917.00

1856.00

1745.00

Guargum5

20-Feb-19

9607

9077

8857

8547

8327

8017

7487

Guarseed10

20-Feb-19

4702.35

4508.35

4428.70

4314.35

4234.70

4120.35

3926.35

Jeera

19-Mar-19

17813

17443

17247

17073

16877

16703

16333

RMseed

20-Feb-19

4042

3955

3910

3868

3823

3781

3694

Ref Soya Oil

20-Feb-19

791.25

775.15

769.70

759.05

753.60

742.95

726.85

Soyabean

20-Feb-19

4112

3932

3869

3752

3689

3572

3392

Turmeric

16-Apr-19

7015

6781

6659

6547

6425

6313

6079

Mentha Oil

31-Jan-19

1685.2

1637.9

1614.4

1590.6

1567.1

1543.3

1496.0

21/01/2019

MCX Fundamentals BULLION

Gold futures were down 0.63% at $1,286.65 on the Comex division of the New York Mercantile Exchange late Friday having briefly risen as high as $1,300.35 earlier in the session. The Labour Department reported that US employers hired the most workers in 10 months in December while boosting wages suggesting a sustained strength in the economy that could soothe concerns of a sharp slowdown in growth.

BASE METALS

Copper prices were under pressure last week after a surprise cut to Apple's sales forecast in China pointed to slowing growth in the country and a measure of Chinese manufacturing activity fell into contraction territory also raised concerns among traders.Zinc ended the week up 0.33%while at MCX it closed down by 1.29%.

ENERGY Crude oil posted solid gains in the first week of 2019 trading despite rising concerns that the China-US trade war will lead to a global economic slowdown. For the week the US benchmark gained 6.57%. Global benchmark Brent crude was up $1.46, or 2.61% to end at $57.41 a barrel. It jumped 9.98% for the week. Natural gas finished lower last week after almost wiping out the entire winter rally. The selling started on Monday with a gap lower opening and continued till Thursday.

21/01/2019

NCDEX Fundamentals SPICES Jeera was marginally down amid lack of trading cues. Markets have been finding buyersâ&#x20AC;&#x2122; support of late. Lower temperature in growing regions of Gujarat and Rajasthan have pressured prices in recent weeks but with offers turning quite cheaper and sowing prospects over last year decreasing market is likely to resume upward trend once mandis resume trading after the New Year holidays. Lower rains in growing areas amidst apprehensions of falling yields could support prices for Turmeric in future. Arrivals remain lower at these low levels as traders were not willing to sell at these lower levels.

OILSEEDS Technically buying interest shall remain healthy for next few sessions and this will be fundamentally supported through lower Demat inventories at warehouses and limited number of daily arrivals. Mentha oil posted a decent rise as a result and except some profit taking we expect trend to remain strong as of now. January Soya oil at NCDEX is expected to trade between 725-740 price band during this week with a positive bias. Closure of most international markets due to New Year holidays shall continue limiting the upward trend for few more sessions

GUAR COMPLEX Cheapening offers and lower arrivals of new crop amidst prospects of fall in sowing area will be attracting speculative buying in the derivatives in coming days. With low rains reported in West Rajasthan and excess rains reported in East Rajasthan this year market sources believe both these factors to be damaging for the crop. Guar market seems to consolidate and finding buying support now.

OTHERS Downside seems to be limited for next few weeks as arrivals will decrease significantly against cheapening offers. Bullish tone in palm oil will be positive for the commodity. Palm oil influences RM seed oil which ultimately impacts the direction of RM seed prices. Soybean posted decent gains due to limited arrivals in mandis and lack of any bearish trigger on global front. The USDA has downgraded domestic ending stock estimate in its October report. Talks of possible damage in Maharashtra region shall be keeping prospects of price rise moving forward. 9

21/01/2019

Calls of the Week (MCX) LEAD Last week Lead Jan Futures opened at 140.05 and made a high of 142.75 during the week. It closed at 141.85 with the overall gain of 1.29 per cent on weekly basis. Technically lead is taking support from the level of 136 on also broke the major resistance level of 140. For this week, we can expect further upside movement in it. For this week, traders can adopt buying from the lower level strategy in it and above the level of 142.90 it can test the level of 144.90 during the week. Trades can make buy position in it by maintaining a Stop Loss of 141.80

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Buy

Above 142.90

Target

144.90

141.80

CRUDEOIL Last Week Crude Oil Feb Futures opened at 3646 and made high of 3872. It closed at 3854 with the overall gain of 5.15 per cent on weekly basis. Technically Crude Oil trading on higher levels from last 4 week and also broke the major resistance level of 3800 and also closed above the same. For this week, we can expect further upside movement in it. For this week, traders can adopt buying from the lower level strategy in it and above the level of 3920 it can test the level of 3999 during the week. Trades can make buy position in it by maintaining a Stop Loss of 3859.

WEEKLY STRATEGY PARTICULAR

Action Entry Range

DETAILS

Buy Above 3920

Target

3999

3859

21/01/2019

Calls of the Week (NCDEX) SOYABEAN Last week, SOYABEAN Feb Futures started the week on positive note and continued the same for the most part of the week. It made a high of 3815 during the week and closed at 3806 with the overall gain of 5 per cent on weekly basis. Technically it is in bullish trend and trading in overbought zone of RSI. For this week, we can expect further upside movement in it. For this week, traders can adopt buying from the lower level strategy in it and above the level of 3850 it can test the level of 3940 during the week. Trades can make buy position in it by maintaining a Stop Loss of 3798.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Buy

Above 3850

Target

3940

3798

GUARGUM Last week, GUARGUM5 Feb Futures started the week on positive note and continued the same for the most part of the week. It made a high of 8768 during the week and closed at 8636 with the overall gain of 4.75 per cent on weekly basis. Technically it recovering from lower level and also made Bullish Harami Pattern on weekly chart. For this week, we can expect upside movement in it.For this week, traders can adopt buying from the lower level strategy in it and above the level of 8850 it can test the level of 9050 during the week. Trades can make buy position in it by maintaining a Stop Loss of 8695.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Buy

Above 8850

Target

9050

8695

21/01/2019

Calls of the Week (FOREX) USDINR Last week, USDINR Jan Futures started the week on positive note and continued the same for the most part of the week. It made a high of 71.4775 during the week and closed at 71.2350 with the overall gain of 0.52 per cent on weekly basis. Technically it consolidating above the trend line breakout with the positive RSI and for this week, we can expect upside movement in it.For this week, traders can adopt buying from the lower level strategy in it and above the level of 71.6000 it can test the level of 72.0975 during the week. Trades can make buy position in it by maintaining a Stop Loss of 71.2975.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Buy

Below 71.6000

Target

72.0975

71.2975

EURINR Last week, EURINR Jan Futures started the week on positive note but after that it witnessed choppy movement for the remaining part of the week. It made a low of 81.0000 during the week and closed at 81.2975 with the overall loss of 0.20 per cent on weekly basis. Technically it consolidating above the trend line breakout with the positive RSI and for this week, we can expect upside movement in it.For this week, traders can adopt buying from the lower level strategy in it and above the level of 81.3000 it can test the level of 81.7975 during the week. Trades can make buy position in it by maintaining a Stop Loss of 80.9475.

WEEKLY STRATEGY

PARTICULAR

Action

Entry Range

DETAILS

Buy

Below 81.3000

Target

81.7975

80.9475

21/01/2019

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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।

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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

21/01/2019