Commodity research report 26 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

151.95

151.45

152.70

147.60

148.60

-2.20%

-2.75%

-46.60%

Copper

29-Jun-18

473.90

472.10

473.75

452.05

454.20

-4.16%

26.81%

-39.99%

Crude Oil

19-Jul-18

4441

4383

4680

4341

4672

5.20%

58.74%

49.81%

Gold

03-Aug-18

31010

30975

31098

30515

30610

-1.29%

-2.95%

-53.53%

Lead

29-Jun-18

163.80

163.20

166.20

160.10

163.90

0.06%

8.68%

-7.27%

Natural Gas

26-Jun-18

206.20

207.00

197.00

199.90

-3.06%

-61.17%

-34.23%

Nickel

29-Jun-18

1030.20

1027.00

1040.00

993.80

1038.80

0.83%

12.09%

-14.25%

Silver

05-Jul-18

40199

40175

40332

39391

39796

-1.00%

20.14%

-71.06%

Zinc

29-Jun-18

212.00

211.20

212.30

199.45

202.35

-4.55%

16.91%

-10.99%

% Change in Price

% Change in Open Interest

% Change in Volume

NCDEX Market Wrap-Up Commodity

Contract

Previous Close

Open

High

Low

CastorSeed

20-Jul-18

3975

3970

4110

3861

4093

2.97%

5.33%

32.67%

Chana

20-Jul-18

3457

3460

3475

3292

3465

0.23%

-3.43%

-38.07%

Dhaniya

20-Jul-18

4297

4300

4525

4250

4461

3.82%

0.51%

13.79%

COCUDAKL

20-Jul-18

1468.00

1474.00

1614.00

1472.00

1581.50

7.73%

-3.14%

-66.18%

Guargum5

20-Jul-18

7572

7575

7825

7492

7736

2.17%

2.53%

18.50%

Guarseed10

20-Jul-18

3668.00

3650.00

3772.00

3622.50

3732.00

1.74%

0.21%

-0.74%

Jeera

20-Jul-18

16210

16140

16740

16110

16570

2.22%

9.96%

310.42%

RMseed

20-Jul-18

4032

4030

4034

3923

4017

-0.37%

-7.01%

-28.77%

Ref Soya Oil

20-Jul-18

761.25

758.60

762.00

735.70

751.10

-1.33%

-20.14%

-56.58%

Soyabean

20-Jul-18

3509

3520

3361

3475

-0.97%

-6.76%

-20.73%

Turmeric

20-Jul-18

7170

7180

7498

7122

7360

2.65%

3.93%

64.54%

Mentha Oil

20-Jun-18

1218.40

1210.00

1106.00

1157.30

-5.01%

28.82%

25.93%

Currency Market Wrap-Up Contract

Previous Close

USDINR

27-Jul-18

GBPINR

Currency Pair

Low

Change in Price (in%)

Open

High

68.3500

68.5075

68.7000

67.7800

68.0900

-0.38%

27-Jul-18

90.9375

91.0500

89.7950

90.5625

-0.41%

JPYINR

27-Jul-18

61.9125

62.1575

62.6900

61.8300

61.9250

0.02%

EURINR

27-Jul-18

79.4275

79.5000

79.8175

78.9500

79.4250

0.00% Continued…….

26/06/2018

Market Wrap-Up International Market Wrap-up Commodity

Exchange

Previous Close

Open

High

Low

% Change in Price

Aluminium

LME

2212.50

2213.50

2228.25

2162.50

2179.00

-1.51%

Copper

COMEX

3.138

3.136

3.029

3.033

-3.35%

Crude Oil

NYMEX

64.32

64.40

69.38

63.59

68.58

6.62%

Gold

COMEX

1282.10

1280.70

1281.80

2160.00

1267.40

-1.15%

Lead

LME

2404.00

2402.50

2447.75

2366.50

2415.75

0.49%

NYMEX

3.032

3.051

3.053

2.887

2.945

-2.87%

Nickel

LME

15170.00

15165.00

15390.00

14595.00

15370.00

1.32%

Silver

COMEX

16.570

16.305

16.330

16.295

16.439

-0.79%

Zinc

LME

3084.50

3080.00

3091.25

2890.25

2934.75

-4.85%

Natural Gas

26/06/2018

Inventory Updates LME Inventory Closing AS (As on 22nd June 18 2018) In tones

Closing (As on 15th June 2018) in tones

% Change in Price

Copper

307675

293550

4.81%

Nickel

275544

276312

-0.28%

Lead

132500

132275

0.17%

Zinc

247450

243550

1.60%

Aluminium

1131100

1148000

-1.47%

Commodity

Continued…….

26/06/2018

Inventory Updates

26/06/2018

Market Next Week Upcoming Economic Events Calendar Time

Currency

Event

Forecast

Monday, June 25, 2018 19:30

USD

New Home Sales (MoM) (May)

1.50%

-1.50%

19:30

USD

New Home Sales (May)

667K

662K

Tuesday, June 26, 2018 14:00

GBP

Gross Mortgage Approvals

38.2K

38.0K

18:30

USD

S&P/CS HPI Composite - 20 n.s.a. (YoY) (Apr)

6.80%

19:30

USD

CB Consumer Confidence (Jun)

128

Wednesday, June 27, 2018 18:00

USD

Core Durable Goods Orders (MoM) (May)

0.40%

0.90%

18:00

USD

Durable Goods Orders (MoM) (May)

-0.60%

-1.60%

18:00

USD

Goods Trade Balance (May)

-68.90B

-67.34B

19:30

USD

Pending Home Sales (MoM) (May)

0.60%

-1.30%

20:00

USD

Crude Oil Inventories

20:30

USD

FOMC Member Quarles Speaks

-5.914M Thursday, June 28, 2018

Tentative

GBP

Nationwide HPI (MoM)

0.30%

-0.20%

Tentative

GBP

Nationwide HPI (YoY)

1.70%

2.40%

18:00

USD

GDP (QoQ) (Q1)

2.20%

18:00

USD

GDP Price Index (QoQ) (Q1)

1.90%

18:00

USD

Initial Jobless Claims

220K

218K

19:00

GBP

BoE MPC Member Haldane Speaks Friday, June 29, 2018

14:00

GBP

Business Investment (QoQ) (Q1)

-0.20%

14:00

GBP

Current Account (Q1)

-18.2B

-18.4B

14:00

GBP

GDP (QoQ) (Q1)

0.10%

18:00

USD

Core PCE Price Index (MoM) (May)

0.20%

18:00

USD

Personal Spending (MoM) (May)

0.40%

0.60%

19:15

USD

Chicago PMI (Jun)

60.6

62.7

19:30

USD

Michigan Consumer Expectations (Jun)

19:30

USD

Michigan Consumer Sentiment (Jun)

18:00

USD

18:00 19:30 19:30

87.4 99.2

99.3

Core PCE Price Index (MoM) (May)

0.20%

USD

Personal Spending (MoM) (May)

0.40%

0.60%

USD

Michigan Consumer Expectations (Jun)

USD

Michigan Consumer Sentiment (Jun)

87.4 99.2

99.3

Currency Weekly Pivots Currency Pair

Contract

USDINR

27-Jul-18

70.0500

69.1500

68.6000

68.1900

67.6500

67.2500

66.3500

GBPINR

27-Jul-18

93.0000

91.7500

91.1500

90.4692

89.8500

89.2000

87.9500

JPYINR

27-Jul-18

63.9000

63.0500

62.5000

62.1483

61.6000

61.2500

60.4000

EURINR

27-Jul-18

81.1500

80.3000

79.8500

79.3975

78.9500

78.5000

77.6500 Continued…….

26/06/2018

Market Next Week MCX Weekly Pivots Commodity

Contract

Aluminium

29-Jun-18

159.85

154.75

151.70

149.63

146.55

144.50

139.40

Copper

29-Jun-18

503.4

481.7

467.95

460

446.25

438.30

416.60

Crude Oil

19-Jun-18

5242

4903

4788

4564

4449

4225

3886

Gold

03-Aug-18

31907

31324

30967

30741

30384

30158

29575

Lead

29-Jun-18

175.60

169.50

166.70

163.40

160.60

157.30

151.20

Natural Gas

26-Jun-18

221.30

211.30

205.60

201.30

195.60

191.30

181.30

Nickel

29-Jun-18

1117

1070

1055

1024

1008

978

932

Silver

05-Jul-18

41722

40781

40288

39840

39347

38899

37958

Zinc

29-Jun-18

230.40

217.55

209.95

204.70

197.10

191.85

179.00

NCDEX Weekly Pivots Commodity

Contract

Castor Seed

20-Jun-18

4519

4270

4182

4021

3933

3772

3523

Chana

20-Jun-18

3777

3594

3529

3411

3346

3228

3045

Dhaniya

20-Jun-18

4962

4687

4574

4412

4299

4137

3862

COCUDAKL

20-Jun-18

1840

1698

1640

1556

1498

1414

1272

Guargum5

20-Jun-18

8350

8017

7877

7684

7544

7351

7018

Guarseed10

20-Jun-18

4008

3858

3795

3709

3646

3559

3410

Jeera

20-Jun-18

17733

17103

16837

16473

16207

15843

15213

RMseed

20-Jun-18

4213

4102

4060

3991

3949

3880

3769

Ref Soya Oil

20-Jun-18

802

776

764

750

737

723

697

Soyabean

20-Jun-18

3770

3611

3543

3452

3384

3293

3134

Turmeric

20-Jun-18

8079

7703

7531

7327

7155

6951

6575

Mentha Oil

29-Jun-18

1366

1262

1210

1158

1106

1054

950

26/06/2018

MCX Fundamentals BULLION Gold prices inched up early on Friday after hitting a 6-month low the session before, with the dollar retreating from an 11-month peak. Spot gold was 0.1 percent higher at $1,268.24 an ounce. It touched its lowest since Dec. 19 at $1,260.84 on Thursday. U.S. gold futures for August delivery were nearly unchanged at $1,270.20 per ounce .The Gold is bearish for medium long term. Currently Gold is showing some down move and trend is strong and supported with good volume .The oscillator is showing sell signal For short term Gold is in hold short position. Immediate support for Gold is 30500.Resistance for the Gold is 30900.

BASE METALS Chinese research analysts whose work depends upon trade data from the worldâ&#x20AC;&#x2122;s top metal producing and consuming country told Metal Bulletin they have been only granted very limited access to trade data since the end of April. The last files we got are the March monthly data. We are all worried if the suspension in data publication carries on. Now our research can only be based on estimates and market news a Guarseed10 and lead analyst in China said.

ENERGY

Oil prices rose by more than 1 percent in early Asian trading on Friday pushed up by uncertainty over whether OPEC would manage to agree a production increase at a meeting in Vienna later in the day. Brent crude oil futures were at $74.04 per barrel up 99 cents or 1.4 percent from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $66.49 a barrel, up 95 cents or 1.5 percent.

26/06/2018

NCDEX Fundamentals SPICES Slight weakening of Monsoon reports additionally supported the prices. However as Monsoon is expected to pick up in coming days a strong recovery is unlikely. Earlier good monsoon reports had kept pressure on prices on better sowing prospects. But rise in export and domestic demand could support prices and prevent too much fall from these levels. Jeer broke the 17000 mark as overall sentiments remained strong. Rising export and domestic demand amidst falling arrivals in the mandis supported prices. Adverse report on Monsoon too is additionally supporting market sentiments

OILSEEDS Trend remained strong for Mentha Oil even as new crop arrivals prevented strong recovery. However supplies are unlikely to improve this week since harvests have just started and this implies possibility of some recovery from strong support levels in coming days. June Mentha oil has a strong support region between 1090-1100.On going trade restrictions between China and USA currently puts pressure over the soya oil market. Weakening rupee against the dollar is the other key bearish factor at present. Markets had firmed up for the entire oil complex sector last week as Indian Govt. hiked import duty on crude and refined soft edible oils.

GUAR COMPLEX

Guar prices failed to recover even as uncertainties persisted over the slow progress of Monsoon towards the critical areas of NorthWest India. However prospects of rains in coming days in growing state of Rajasthan may well limit further gains. Rains at this point would be bearish factor. Clearer skies would be bullish for the short term.

OTHERS July RM seed finished slightly below previous days close yesterday. RM Seed trading in last few sessions has been in a moderate range. Light volatility might be due to slowing arrival impact being countered through limited buying inquiries Sentiments stood slightly positive amid lack of any fresh bearish news in global markets and domestic edible oils. The Govts import duty hike on edible oils last week could limit the downside to some extent. The delayed Monsoon reports might effect the sowing process and could see prices showing some upside in soybean as of now 9

26/06/2018

Calls of the Week (MCX) LEAD Market is continuously sustaining above the major support level of 160 indicating positive movement in it for short term to mid term basis. It made a low of 160.10 during the week and closed at 16390 with over all marginal gain of 0.06%. For the next week we can expect further positive movement in it as technically market is sustaining above its support trend line and if market break the level of 164.50 market can continue its positive trend to the level of 168 and then 170. It is having important support at the level of 163.50

WEEKLY STRATEGY PERTICULAR

Action

Entry Range

DETAILS

Buy

Above 164.50

Target

166.90

163.40

NATURAL GAS After strong bull rally market is resist by the strong psychological level at 200 and unable to sustain above it. Last week It made a high of 207 during the week and closed below the level of 200 with over all marginal loss of 3%. For the next week we can expect further negative movement in it as technically market is sustaining below its resistance level and if market break the level of 198 market can further go down to the level of 188 and then 180. It is having important resistance at the level of 204

WEEKLY STRATEGY PERTICULAR

Action

Entry Range

Target

DETAILS

Sell

Below 198

188

204.30

26/06/2018

Calls of the Week (NCDEX) COCKUDAKL Currently Cocudakl is trading with sideways movement. The oscillator is showing buy signal . If we observe the last 1 month we can see the less volatility in the market with and can consider fresh buy position in the market. If Cocudakl close above the level of 1500 we can see positive movement In short term to mid term basis in it. On the other side 1430 act as a strong support level zone. Investors or traders can make the buy position above the level of 1490 with the stop loss of 1430 for the target of 1620

WEEKLY STRATEGY PERTICULAR

Action

Entry Range

DETAILS

Buy

Above 1490

Target

1620

1430

GUARSEED The primary trend of Guarseed10 is bearish for medium term to long term basis. Currently Guarseed10 is in strong downtrend with technically it consolidating on the chart with the negative bias & RSI and for this week .we can expect downside movement in it .The oscillator is showing sell signal for short term Guarseed10 is in sell position. Immediate support for Guarseed10 is 3530 .Resistance for Guarseed10is 3650

WEEKLY STRATEGY PERTICULAR

Action

Entry Range

DETAILS

Sell

Below 3560

Target

3430

3615

26/06/2018

Calls of the Week (FOREX) GBPINR Last week GBPINR Jun Futures started the week on negative note and after that it witnessed positive movement for the remaining part of the week. It made low of 89.7950 during the week and closed at 90. 5625 with the overall loss of 0.41% on the weekly basis. Technically it consolidating above the resistance level with the positive RSI and for this week, we can expect further upside movement in it. For this week, if it breaks the level of if it breaks the level of 90.8000 on the upside then it can test the level of 91.3925 during the week. One can make buy position in it by maintaining a SL 90.4950

WEEKLY STRATEGY PERTICULAR

Action

Entry Range

DETAILS

Sell

Below 90.8000

Target

91.3925

90.4950

EURINR Last week EURINR 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 78.9500 during the week and closed at 79.4250 with no changes on the weekly basis. Technically it consolidating on the lower levels and forming double bottom formation on chart of with the positive RSI and for this week, if it breaks the level of if it breaks the level of 90.8000 on the upside then it can test the level of 91.3925 during the week. One can make buy position in it by maintaining a SL 90.4950

WEEKLY STRATEGY PERTICULAR

Action

DETAILS

Buy

Entry Range

90.8000

Target

91.3925

90.4950 26/06/2018

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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

26/06/2018