Commodity Research Report 24 July 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-Jul-18

139.35

142.55

137.90

140.65

0.93%

-1.25%

25.61%

Copper

31-Aug-18

422.70

423.50

425.30

409.55

420.35

-0.56%

-3.98%

54.16%

Crude Oil

20-Aug-18

4884

4858

4585

4707

-3.62%

-36.42%

-4.94%

Gold

03-Aug-18

30105

30177

30225

29638

29920

-0.61%

4.85%

-12.81%

Lead

31-Jul-18

151.00

150.50

150.75

144.05

146.35

-3.08%

26.40%

-12.57%

Natural Gas

26-Jul-18

189.60

190.00

191.90

186.80

190.20

0.32%

-17.60%

-35.26%

Nickel

31-Jul-18

953.40

949.20

950.60

907.30

926.30

-2.84%

10.66%

-23.09%

Silver

05-Sep-18

39046

39124

39238

37873

38457

-1.51%

12.74%

-3.55%

Zinc

31-Jul-18

177.80

177.65

182.55

170.70

179.35

0.87%

-17.13%

36.28%

NCDEX Market Wrap-Up Contract

Previous Close

Open

High

Low

% Change in Price

% Change in Open Interest

% Change in Volume

Castor Seed

20-Aug-18

4509

4507

4585

4437

4546

0.82%

2.61%

-22.00%

Chana

20-Aug-18

4021

4049

4390

4049

4285

6.57%

-9.72%

0.36%

Dhaniya

20-Aug-18

4690

4717

4796

4482

4770

1.71%

1.28%

30.93%

COCUDAKL

20-Aug-18

1789.50

1778.00

1829.00

1733.00

1799.00

0.53%

-1.04%

-68.29%

Guargum5

16-Oct-18

8851

8840

9399

8731

9342

5.55%

4.22%

30.44%

Guarseed10

16-Oct-18

4182.50

4181.00

4394.00

4130.00

4338.00

3.72%

7.20%

5.35%

Jeera

20-Aug-18

18515

18550

19050

18480

18830

1.70%

4.90%

0.85%

RMseed

20-Aug-18

4078

4100

4242

4081

4216

3.38%

-2.39%

0.36%

Ref Soya Oil

20-Aug-18

743.30

744.00

749.70

735.50

746.95

0.49%

5.34%

-71.19%

Soyabean

16-Oct-18

3319

3339

3419

3280

3390

2.14%

9.58%

-46.35%

Turmeric

20-Aug-18

6958

6960

7350

6960

7334

5.40%

-5.17%

113.24%

Mentha Oil

31-Jul-18

1603.40

1599.90

1634.00

1508.00

1579.60

-1.48%

5.61%

14.08%

Commodity

Currency Market Wrap-Up Currency Pair

Contract

Previous Close

Open

High

Low

Change in Price (in%)

USDINR

27-Jul-18

68.5975

68.6025

69.1800

68.3500

68.9175

0.47%

GBPINR

27-Jul-18

90.1200

89.9075

91.5000

89.4000

89.9075

-0.24%

JPYINR

27-Jul-18

61.0050

91.0225

61.5925

60.6775

61.3275

0.53%

EURINR

27-Jul-18

79.8575

80.0400

80.6350

79.7800

80.3475

0.61% Continued…….

24/07/2018

Market Wrap-Up International Market Wrap-up Exchange

Previous Close

Open

High

Low

% Change in Price

LME

2039.75

2037.00

2086.75

2002.25

2045.50

0.28%

Copper

COMEX

2.770

2.773

2.779

2.670

2.746

-0.87%

Crude Oil

NYMEX

68.25

68.33

68.23

68.27

0.03%

Gold

COMEX

1239.60

1242.70

1243.80

1211.70

1229.50

-0.81%

Lead

LME

2212.25

2202.00

2213.75

2095.50

2138.00

-3.36%

NYMEX

2.752

2.765

2.788

2.704

2.757

0.18%

Nickel

LME

13967.50

13985.00

14055.00

13225.00

13515.00

-3.24%

Silver

COMEX

15.739

15.725

15.730

15.135

15.490

-1.58%

Zinc

LME

2581.25

2585.25

2654.25

2475.75

2584.50

0.13%

Commodity Aluminium

Natural Gas

24/07/2018

Inventory Updates LME Inventory Closing (As on 20th Jul18) In tones

Closing (As on 13th Jul18) in tones

% Change in Price

Aluminium

1203970

1134600

6.11%

Copper

256475

262750

-2.39%

Lead

128575

127300

1.00%

Nickel

261108

263730

-0.99%

Zinc

235000

245050

-4.10%

Commodity

Continued…….

24/07/2018

Inventory Updates

24/07/2018

Market Next Week Upcoming Economic Events Calender Time

Currency

Event

Forecast

Monday, July 23, 2018 19:30

USD

Existing Home Sales (Jun)

5.44M

5.43M

19:30

USD

Existing Home Sales (MoM) (Jun)

0.50%

-0.40%

Tuesday, July 24, 2018 15:30

GBP

CBI Industrial Trends Orders (Jul)

19:15

USD

Manufacturing PMI (Jul)

55.4

19:15

USD

Services PMI (Jul)

56.5

Wednesday, July 25, 2018 2:00

USD

API Weekly Crude Oil Stock

0.629M

14:00

GBP

Gross Mortgage Approvals

39.2K

19:30

USD

New Home Sales (Jun)

19:30

USD

New Home Sales (MoM) (Jun)

20:00

USD

Crude Oil Inventories

5.836M

20:00

USD

Cushing Crude Oil Inventories

-0.860M

670K

689K

-2.80%

6.70%

Thursday, July 26, 2018 18:00

USD

Cap Goods Ship Non Defense Ex Air (MoM)

0.002

18:00

USD

Core Durable Goods Orders (MoM) (Jun)

0.5%

-0.3%

18:00

USD

Durable Goods Orders (MoM) (Jun)

2.80%

-0.40%

18:00

USD

Goods Trade Balance (Jun)

18:00

USD

Initial Jobless Claims

-64.77B 215K

207K

Friday, July 27, 2018 11:30

GBP

Nationwide HPI (MoM)

0.50%

11:30

GBP

Nationwide HPI (YoY)

2.00%

17:50

USD

FOMC Member Bullard Speaks

18:00

USD

GDP (QoQ) (Q2)

4.10%

2.00%

18:00

USD

GDP Price Index (QoQ) (Q2)

2.3%

2.2%

19:30

USD

Michigan Consumer Expectations (Jul)

19:30

USD

Michigan Consumer Sentiment (Jul)

22:30

USD

U.S. Baker Hughes Oil Rig Count

86.4 97.1

97.1

Currency Weekly Pivots Currency Pair

Contract

USDINR

27-Jul-18

70.5000

69.6500

69.3000

68.8158

68.4500

67.9500

67.1500

GBPINR

27-Jul-18

94.5000

92.4000

91.1500

90.2692

89.0000

88.1500

86.0500

JPYINR

27-Jul-18

63.0500

62.1500

61.7500

61.1992

60.8000

60.2500

59.3500

EURINR

27-Jul-18

82.0000

81.1500

80.7500

80.2542

79.8500

79.3500

78.5000 Continued…….

24/07/2018

Market Next Week MCX Weekly Pivots Commodity

Contract

Aluminium

31-Jul-18

157.75

149.60

144.50

141.43

136.30

133.25

125.10

Copper

31-Aug-18

470.60

448.40

435.55

426.17

413.30

403.95

381.75

Crude Oil

19-Jul-18

5708

5313

5098

4918

4703

4523

4128

Gold

03-Aug-18

31827

31063

30584

30299

29820

29535

28771

Lead

31-Jul-18

187.45

170.45

160.75

153.43

143.70

136.40

119.40

Natural Gas

26-Jul-18

208.50

200.30

194.95

192.07

186.70

183.85

175.65

Nickel

31-Jul-18

1058.30

1007.90

980.65

957.47

930.20

907.05

856.65

Silver

05-Sep-18

42024

40687

39866

39350

38529

38013

36676

Zinc

31-Jul-18

217.25

199.15

188.50

181.03

170.35

162.90

144.80

NCDEX Weekly Pivots Commodity

Contract

Castor Seed

20-Jul-18

4862

4669

4573

4476

4380

4283

4090

Chana

20-Jul-18

4345

4112

4025

3879

3792

3646

3413

Dhaniya

20-Jul-18

5085

4887

4767

4689

4569

4491

4293

COCUDAKL

20-Jul-18

2049.85

1879.85

1814.70

1709.83

1644.65

1539.80

1369.80

Guargum5

20-Jul-18

9342

8912

8682

8482

8252

8052

7622

Guarseed10

20-Jul-18

4360

4185

4095

4010

3920

3835

3660

Jeera

20-Jul-18

19742

19097

18768

18452

18123

17807

17162

RMseed

20-Jul-18

4230

4157

4118

4084

4045

4011

3938

Ref Soya Oil

20-Jul-18

786.00

767.10

755.40

748.18

736.45

729.25

710.35

Soyabean

20-Jul-18

3834

3692

3614

3550

3472

3408

3266

Turmeric

20-Jul-18

7469

7223

7077

6977

6831

6731

6485

Mentha Oil

31-Jul-18

1945.30

1740.20

1671.80

1535.10

1466.70

1330.00

1124.90

24/07/2018

MCX Fundamentals BULLION President Donald Trump criticized the Federal Reserve in an interview with CNBC saying he's not thrilled with rate hike decisions that lead to a stronger dollar while China's Yuan falls like a rock. He commended Fed Chair Jerome Powell as a good man adding he won't intervene into the Feds actions with the remarks overall weighing on the dollar on currency war concerns. Recently, the World Gold Council reported a 7% drop in global demand in the first quarter of 2018 to 973.5 tonnes the lowest since the first quarter of 2008 as investments fell 27% on the precious metal to 287 tonnes from 383 tonnes in the first quarter of 2017.

BASE METALS

Base metal prices on the London Metal Exchange closed down across the board on Thursday July 19, with zinc and lead recording the largest percentage drops amid news of a stronger US dollar and a lack of positive updates on the trade war front.Higher raw material costs and cuts to electric vehicle subsidies are expected to squeeze the profit margins of Chinese battery manufacturers.

ENERGY Oil prices gained on Friday after Saudi Arabia's OPEC governor said the kingdom's exports are likely to fall next month and inventories may be squeezed in the third quarter.Brent oil rose 22 cents, or 0.3 percent, to $72.80 by 0034 GMT after falling 32 cents on Thursday.U.S. West Texas Intermediate was up 51 cents, or 0.7 percent, at $69.97, extending a 1 percent gain in the previous session. The Energy Information Administration released its report on US natural gas inventories, showing a buildup of 48 billion cubic feet in the week ending July 13,

24/07/2018

NCDEX Fundamentals SPICES Jeera found very strong Resistance near the 19000 mark last week even as long term trend remains Bullish. Rising export and domestic demand amidst falling stocks in domestic and International markets kept supporting prices. Near term view remains positive overall. Turmeric is Better sowing prospect reports from good rains in growing states had pressurized prices. Ready demand in mandis improved in major mandis however resulted in smart gains with prices turning significantly cheaper buying interest might be robust like

OILSEEDS Impositions of 15% additional margin on the Buy and Sell side to check the high volatility could see Mentha prices cooling off temporarily even as overall sentiments remain firm. Recent rains in growing regions in UP have reportedly adversely affected the harvesting leading to firmness in prices. For the current month we expect Aug soya oil to experience unlikely to sustain below 740, and for the current week strong resistance will be seen near 760.

GUAR COMPLEX Guar kept trading firm even as moderate rains are noted in growing areas in Rajasthan. There are apprehensions that the bearish impact of Monsoon rains may well be over. With prices having fallen a lot and are at very low levels traders anticipate further fall to be limited.

OTHERS Although was some profit taking at higher levels after two days of sharp gains, buying interest remained impressive in the futures market. Overall spot demand is expected to remain healthy in coming weeks. Buying interest shall remain better also because futures are currently trading at a significant discount to spot prices .Spot prices are quite cheaper now, therefore demand prospects is most likely to improve - at least in near term.

24/07/2018

Calls of the Week (MCX) COPPER Last week Copper started week on negative note and continue its negative trend for entire week. It made a low of 409.55 and closed at the level of 420.30 with marginal loss of 0.56% on weekly basis. On its weekly chart market formed hammer formation indicating bullish trend for short term to mid term basis, also if we observe the previous chart we can found that the level of 420 acted as a strong support level in Copper. For this week if market break the level of 423 one can make buy position for the target of 433 with stop loss of 413.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Buy

Above 423

Target

433

413

LEAD From last couple of trading days market is trading in range between the 149 to 145 and making higher highs on its daily chart indicating short term up trend. Last week market closed with the marginal loss of 3% and for this week technically market trading above its resistance trend line with positive RSI. If market break the level of 147.20 we can expect positive movement to the level of 152 and then 155 with Stop loss of 145.90.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Buy

Above 147.20

Target

151.40

145.90

24/07/2018

Calls of the Week (NCDEX) COCUDAKL Last week COCUDAKL Aug Futures started the week on positive note but found enough resistance neat the level of 1830. It made a high of 1829 during the week and closed at on 1799 with the overall gain of 0.53% on weekly basis. Market is resist by the level of 1800 and facing selling pressure on higher level. For this week, if it breaks the level of 1730 on the downside then it can test the level of 1580 during the week. One can make sell position in it by maintaining a SL 1785.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Sell

Below 1730

Target

1580

1785

CASTORSEED On its daily chart market is forming bullish flag pattern supported by the positive RSI. From last couple of trading weeks market is trading with positive sentiment and sustaining near the level of 4600 and we strongly believe that market can continue its bullish trend for this week also. If market break the level of 4610 on upside then it can test the level of 4710 and then 4800. One can make the buy position with Stop loss of 4555.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Buy

Above 4610

Target

4710

4555

24/07/2018

Calls of the Week (FOREX) JPYINR Last week, JPYINR Jul Futures started the week on positive note and after that it witnessed positive movement for the most part of the week. It made a high of 61.5925 during the week and closed at 61.3275 with the overall gain of 0.58% on weekly basis. Technically we can expect profit booking in it from the higher levels and this week, it may witness downside movement. For this week, traders can adopt sell on higher level strategy in it and below the level of 61.8900 it can test the level of 61.3525 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs.62.1125.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Sell

Below 61.8900

Target

61.3525

62.1125

USDINR Last week, USDINR Jul Futures started the week on positive note and continued the same for the entire week. It made a high of 69.1800 during the week and closed at 68.9175 with the overall gain of 0.47% on weekly basis. Technically USDINR is in bullish trend & sustaining around the major resistance level of 69.30. For this week, traders can adopt buy on lower level strategy in it and above the level of 68.9000 it can test the level of 69.3975 during the week. Trades can make buy position in it by maintaining a Stop Loss of 68.5975

WEEKLY STRATEGY

PARTICULAR

Action

DETAILS

Buy

Entry Range

68.9000

Target

69.3975

68.5975

24/07/2018

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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

24/07/2018