Commodity Research Report 23 October 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-Oct-18

150.00

150.55

152.30

147.25

147.95

-1.37%

-36.97%

11.26%

Copper

30-Nov-18

459.55

460.70

464.75

445.55

453.00

-1.43%

-21.19%

-2.62%

Crude Oil

16-Nov-18

5,248

5,333

5,339

5,061

5,115

-2.53%

-14.19%

-1.24%

Gold

05-Dec-18

31846

31900

32311

31783

31902

0.18%

-17.19%

-2.73%

Lead

31-Oct-18

152.2

151.95

156.40

144.15

145.9

-4.14%

-49.53%

59.44%

Natural Gas

26-Oct-18

234.20

235.00

243.70

231.70

238.30

1.75%

12.56%

18.75%

Nickel

31-Oct-18

932.80

939.60

943.50

895.00

914.30

-1.98%

19.86%

51.98%

Silver

05-Dec-18

38918

39050

39444

38525

38796

-0.31%

-10.87%

8.30%

Zinc

31-Oct-18

197.70

197.60

201.30

191.80

196.60

-0.56%

-18.87%

3.06%

NCDEX Market Wrap-Up Contract

Previous Close

Open

High

Low

% Change in Price

% Change in Open Interest

% Change in Volume

Castor Seed

20-Nov-18

4912.00

4910.00

5316.00

4910.00

5266.00

7.21%

147.77%

2.48%

Chana

20-Nov-18

4172.00

4152.00

4173.00

4050.00

4098.00

-1.77%

26.56%

2.49%

Dhaniya

20-Nov-18

5241.00

5260.00

5750.00

5218.00

5646.00

7.73%

28.88%

1.91%

COCUDAKL

20-Dec-18

1779.50

1778.00

1825.00

1770.50

1797.00

0.98%

2.41%

5.92%

Guargum5

20-Nov-18

9244.00

9230.00

9932.00

9228.00

9806.00

6.08%

214.84%

6.25%

Guarseed10

20-Nov-18

4286.50

4269.00

4593.50

4269.00

4544.50

6.02%

126.21%

10.28%

Jeera

20-Nov-18

19955.00

19850.00

20540.00 19820.00 20365.00

2.05%

26.42%

-4.96%

RMseed

20-Nov-18

4162.00

4173.00

4200.00

4150.00

4173.00

0.26%

11.03%

-2.82%

Ref Soya Oil

20-Nov-18

754.80

757.80

772.20

757.20

765.60

1.43%

213.13%

-5.10%

Soyabean

20-Nov-18

3241.00

3251.00

3328.00

3240.00

3246.00

0.15%

7.44%

13.49%

Turmeric

20-Nov-18

6596.00

6600.00

6710.00

6480.00

6560.00

-0.55%

-16.77%

-2.52%

Mentha Oil

31-Oct-18

1688.10

1701.90

1726.80

1689.30

1702.30

0.84%

-30.62%

8.29%

Commodity

Currency Market Wrap-Up Contract

Previous Close

Open

High

Low

Change in Price (in%)

USDINR

29-Oct-18

73.7000

73.8375

74.2100

73.3500

73.3900

-0.42%

GBPINR

29-Oct-18

96.8050

97.0200

97.6125

95.6475

95.6900

-1.15%

JPYINR

29-Oct-18

65.7300

65.9725

66.5100

65.2650

65.3250

-0.62%

EURINR

29-Oct-18

85.4800

85.4475

86.0925

84.1625

84.2325

-1.46%

Currency Pair

Continued…….

23/10/2018

Market Wrap-Up International Market Wrap-up Exchange

Previous Close

Open

High

Low

% Change in Price

LME

2029.25

2037.00

2054.75

1997.25

2008.50

-1.02%

Copper

COMEX

2.793

2.801

2.830

2.739

2.782

-0.39%

Crude Oil

NYMEX

71.34

71.85

72.70

68.47

69.37

-2.76%

Gold

COMEX

1218.10

1222.40

1232.30

1222.40

1225.30

0.59%

Lead

LME

2048.00

2046.00

2115.75

1970.50

1996.25

-2.53%

NYMEX

3.161

3.224

3.340

3.155

3.229

2.15%

Nickel

LME

12690.00

12715.00

12812.50

12202.50

12472.50

-1.71%

Silver

COMEX

14.564

14.215

14.565

14.215

14.564

0.00%

Zinc

LME

2633.25

2641.50

2685.75

2562.00

2626.75

-0.25%

Commodity Aluminium

Natural Gas

23/10/2018

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

Closing (As on 12th Oct 18) in tones

% Change in Price

Aluminium

1072950

941500

13.96%

Copper

158300

170100

-6.94%

Lead

115725

116375

-0.56%

Nickel

219924

224928

-2.22%

Zinc

173050

191500

-9.63%

Commodity

Continued…….

23/10/2018

Inventory Updates

23/10/2018

Market Next Week Upcoming Economic Events Calender Time

Currency

Event

Forecast

-1

Tuesday, October 23, 2018 15:30

GBP

CBI Industrial Trends Orders (Oct) Wednesday, October 24, 2018

14:00

GBP

Gross Mortgage Approvals

19:15

USD

Manufacturing PMI (Oct)

19:15

USD

Markit Composite PMI

19:15

USD

Services PMI (Oct)

19:30

USD

New Home Sales (Sep)

19:30

USD

New Home Sales (MoM) (Sep)

20:00

USD

Crude Oil Inventories

39.4K 55.4

55.6 53.9

53.5

625K

629K

-1.40%

3.50% 6.490M

Thursday, October 25, 2018 18:00

USD

Cap Goods Ship Non Defense Ex Air (MoM)

-0.20%

18:00

USD

Core Durable Goods Orders (MoM) (Sep)

0.30%

0.10%

18:00

USD

Durable Goods Orders (MoM) (Sep)

-1.30%

4.40%

18:00

USD

Goods Trade Balance (Sep)

-73.50B

-75.46B

18:00

USD

Initial Jobless Claims

213K

210K

GDP (QoQ) (Q3)

3.30%

4.20%

GDP Price Index (QoQ) (Q3)

2.30%

3.30%

89.1

Friday, October 26, 2018 18:00

USD

18:00

USD

19:30

USD

19:30

USD

Michigan Consumer Expectations (Oct) Michigan Consumer Sentiment (Oct)

Currency Weekly Pivots Currency Pair

Contract

USDINR

29-Oct-18

75.3500

74.5000

73.9500

73.6500

73.1000

72.8000

71.9500

GBPINR

29-Oct-18

100.2500

98.2500

96.9500

96.3000

95.0000

94.3500

92.3500

JPYINR

29-Oct-18

68.2000

66.9500

66.1500

65.7000

64.9000

64.4500

63.2000

EURINR

29-Oct-18

88.7000

86.8000

85.5500

84.8500

83.6000

82.9000

81.0000 Continued…….

23/10/2018

Market Next Week MCX Weekly Pivots Commodity

Contract

Aluminium

31-Oct-18

159.25

154.20

151.05

149.15

146.00

144.10

139.05

Copper

30-Nov-18

492.85

473.65

463.35

454.45

444.15

435.25

416.05

Crude Oil

16-Nov-18

5728

5450

5282

5172

5004

4894

4616

Gold

05-Dec-18

33055

32527

32214

31999

31686

31471

30943

Lead

31-Oct-18

173.30

161.05

153.45

148.80

141.20

136.55

124.30

Natural Gas

26-Oct-18

261.90

249.90

244.10

237.90

232.10

225.90

213.90

Nickel

31-Oct-18

1014.60

966.10

940.20

917.60

891.70

869.10

820.60

Silver

05-Dec-18

40760

39841

39318

38922

38399

38003

37084

Zinc

31-Oct-18

215.55

206.05

201.30

196.55

191.80

187.05

177.55

NCDEX Weekly Pivots Commodity

Contract

Castor Seed

20-Nov-18

5976

5570

5418

5164

5012

4758

4352

Chana

20-Nov-18

4353

4230

4164

4107

4041

3984

3861

Dhaniya

20-Nov-18

6602

6070

5858

5538

5326

5006

4474

COCUDAKL

20-Dec-18

1906.50

1852.00

1824.50

1797.50

1770.00

1743.00

1688.50

Guargum5

20-Nov-18

11063

10359

10083

9655

9379

8951

8247

Guarseed10

20-Nov-18

5118.00

4793.50

4669.00

4469.00

4344.50

4144.50

3820.00

Jeera

20-Nov-18

21682

20962

20663

20242

19943

19522

18802

RMseed

20-Nov-18

4274

4224

4199

4174

4149

4124

4074

Ref Soya Oil

20-Nov-18

795.00

780.00

772.80

765.00

757.80

750.00

735.00

Soyabean

20-Nov-18

3447

3359

3303

3271

3215

3183

3095

Turmeric

20-Nov-18

7043

6813

6687

6583

6457

6353

6123

Mentha Oil

31-Oct-18

1781.2

1743.7

1723.0

1706.2

1685.5

1668.7

1631.2

23/10/2018

MCX Fundamentals BULLION Gold prices edged higher early Monday, moving closer to a 2-1/2-month peak hit last week, as Asian shares fell amid rising political tensions and worries over slowing global economic growth. Spot gold was up 0.1 percent at $1,227.56 an ounce at the time of writing. On Oct. 15, the bullion touched its highest since July 26 at $1,233.26. Asian share markets fell anew on Monday as investors braced for the peak of the U.S. earnings season while angst over Saudi Arabia, Italy and Brexit kept geopolitics front at the canter.

BASE METALS

London copper prices rose for a second session in early Asian trade on Monday, extending a rally fuelled by a pledge from China's central bank that it would support firms with liquidity problems. Three-month copper on the London Metal Exchange edged up 0.3 percent to $6,236.50 a tonne at the time of writing, extending a 1 percent jump from the previous session.

ENERGY Oil prices edged up on Monday as markets were expected to tighten once U.S. sanctions against Iran's crude exports are implemented next month. Front month Brent crude oil futures were trading at $79.88 a barrel at the time of writing 10 cents above their last close. U.S. West Texas Intermediate crude futures were at $69.31 a barrel 19 cents above their last settlement. The Energy Information Administration released its report on US natural gas stocks showing a build of 81 billion cubic feet in the week ending October 12, adding to the 90 billion increase in the previous reading while analysts expected an 85B addition.

23/10/2018

NCDEX Fundamentals SPICES Trend remained Bullish for Jeer last week as falling stocks amidst rising export and festive season domestic demand supported pries. With sowing apprehended to fall in Gujarat/Rajasthan due to less rains received this year it may support prices further. No strong movement was noted for Turmeric last week as prices found immediate support at these levels. But high stocks amidst lack of very strong demand kept pressurizing prices. Technically trend did not look very positive for now.

OILSEEDS No strong movement was noted for Mentha last week as rising demand supported prices while Punjab Govt imposing ban on Gutka and Pan Masala limited strong recovery. Overall sentiments look positive ahead of an expected pick up in export and domestic demand during winter. Bullish trend was noted for Ref Soy Oil in the International markets and that supported the domestic markets. Rising Festive season demand further supported prices in India as overall trend looks moderately positive in the near term.

GUAR COMPLEX Bullish trend was noted for Guar last week on apprehensions of lower production from less rains received in Rajasthan. Reports of lower arrivals of the new crop amidst prospects of fall in sowing area in Rajasthan are likely to support prices in medium term. 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.

OTHERS After the initial recovery seen in prices for Soy bean profit booking was noted ta the higher levels even as moderately firm trend was noted in oil complex sector in the International markets. Slight firm USDA report pushed prices slightly higher at close. No strong movement was noted for RM Seed last week but prices found some support at the lower levels as all eyes remain on the sowing aspects. Lower rains in Rajasthan could adversely affect the sowing process there leading to some support for the prices. 9

23/10/2018

Calls of the Week (MCX) ALUMINIUM Last week Aluminium started a week on negative notes but found enough support near the level of 147 and sustaining above it. Last week Aluminium made a low of 147.25 and closed at 147.95 with overall marginal loss of 1.37% on weekly basis. On its daily chart Aluminium is forming bullish spinning top candlestick pattern indicating positive trend in it. For this week, if it breaks the level of 149.30 on the upper side then it can test the level of 154.30 during the week. One can make buy position in it by maintaining a SL at 147.90.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Buy

Above 149.30

Target

154.30

147.90

GOLD From last couple of trading weeks Gold is trading in range between the level of 32100-31800 and forming descending triangle formation on higher level. Last week Gold made a low of 31783 and closed at 31902 with overall marginal gain of 0.18% on weekly basis. On its daily chart Gold is forming lower highs formation indicating negative trend in it. For this week, if it breaks the level of 31780 on the lower side then it can test the level of 31352 during the week. One can make sell position in it by maintaining a SL at 31911.

WEEKLY STRATEGY PARTICULAR

Action Entry Range

DETAILS

Sell Below 31780

Target

31352

31911

23/10/2018

Calls of the Week (NCDEX) DHANIYA Last week Dhaniya started a week on positive note and continue the same for the whole week. On its daily chart Dhaniya forming double bottom formation on lower level indicating positive trend in it. Las week Dhaniya made a high of 5750 and closed at 5646 with overall marginal gain of 7% on weekly basis. For this week, if it breaks the level of 5780 on the upper side then it can test the level of 5910 during the week. One can make buy position in it by maintaining a SL at 5725.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Buy

Above 5780

Target

5910

5725

GUARGUMS From last couple of trading weeks Guargum is trading with positive sentiment and recently market has broken its important level of 10,000 and sustaining above it indicating further positive movement In it. On its daily chart RSI is trading in positive territory and printing above the level of 50 indicating short term to mid term positive movement in it. Last week Guargum made a high of 9932 and closed at 9806 with overall marginal gain of 6% on weekly basis. For this week, if it breaks the level of 10115 on the upper side then it can test the level of 10335 during the week. One can make buy position in it by maintaining a SL at 9990.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Buy

Above 10115

Target

10335

9990

23/10/2018

Calls of the Week (FOREX) EURINR Last week EURINR started a week on negative note but found enough support near the level of 84.0000 and get bounce back from lower level. Last week EURINR made a low of 84.1625 and closed at the level of 84.2325 with overall marginal loss of 1.46% on weekly basis. On its daily chart EURINR taking support of Ichimoku cloud and forming reversal formation on lower level. For this week if it is break the level of 85.0000 on upper side then it can test the level of 85.4550. One can make buy position in it with SL of 84.6925.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Buy

Above 85.00

Target

85.4550

84.6925

USDINR From last couple of trading weeks USDINR is trading with negative sentiment and unable to break the level of 75.0000. Last week USDINR made a low of 73.3500 and closed at the level of 73.3900 with overall marginal loss of 0.42% on weekly basis. USDINR continuously making lower lows and lower highs formation indicating correction in it. For this week if it is break the level of 73.3500 on lower side then it can test the level of 73.9125. One can make sell position in it with SL of 73.6125.

WEEKLY STRATEGY

PARTICULAR

Action

Entry Range

DETAILS

Sell

Above 73.3500

Target

72.9125

73.6125

23/10/2018

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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

23/10/2018