Commodity Research Report 26 December 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-Dec-18

137.60

139.15

133.50

133.85

-2.73%

28.37%

-0.72%

Copper

28-Feb-19

441.70

440.45

440.80

415.90

417.35

-5.51%

-11.23%

49.56%

Crude Oil

18-Jan-19

3,727

3,733

3,756

3,186

3,236

-13.17%

22.94%

28.66%

Gold

05-Feb-19

31553

31496

31659

31002

31193

-1.14%

25.33%

-6.91%

Lead

31-Dec-18

140.3

139.85

140.55

135.85

137.85

-1.75%

15.66%

1.01%

Natural Gas

26-Dec-18

276.10

265.10

276.80

250.90

265.40

-3.88%

17.50%

-18.13%

Nickel

31-Dec-18

790.90

791.50

792.90

753.60

758.90

-4.05%

-12.15%

0.27%

Silver

05-Mar-19

38054

37965

38208

37185

37256

-2.10%

-3.07%

12.28%

Zinc

31-Dec-18

183.40

184.75

185.65

177.10

177.35

-3.30%

-24.40%

2.55%

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

5492.00

5490.00

5498.00

5122.00

5142.00

-6.37%

8.52%

-6.35%

Chana

18-Jan-19

4594.00

4599.00

4614.00

4421.00

4529.00

-1.41%

45.60%

3.35%

Dhaniya

18-Jan-19

6676.00

6649.00

6675.00

6157.00

6340.00

-5.03%

-58.81%

1.59%

COCUDAKL

18-Jan-19

1895.50

1896.00

1934.00

1860.00

1867.00

-1.50%

101.49%

0.20%

Guargum5

18-Jan-19

8865.00

8920.00

8960.00

8388.00

8594.00

-3.06%

-14.57%

-0.99%

Guarseed10

18-Jan-19

4417.00

4422.00

4456.00

4210.00

4308.00

-2.47%

-40.41%

-3.78%

Jeera

18-Jan-19

18370.00

18490.00

18640.00 17665.00 17740.00

-3.43%

24.39%

3.79%

RMseed

18-Jan-19

4012.00

4000.00

4025.00

3907.00

3983.00

-0.72%

30.13%

-25.71%

Ref Soya Oil

18-Jan-19

738.30

736.10

737.85

725.00

726.05

-1.66%

78.28%

4.92%

Soyabean

18-Jan-19

3379.00

3389.00

3392.00

3338.00

3343.00

-1.07%

-53.45%

-2.77%

Turmeric

18-Jan-19

6914.00

6998.00

6600.00

6604.00

-4.48%

-81.07%

-3.09%

Mentha Oil

31-Dec-18

1491.70

1470.00

1523.20

1458.10

1476.40

-1.03%

9.37%

-0.15%

Commodity

Currency Market Wrap-Up Contract

Previous Close

Open

High

Low

Change in Price (in%)

USDINR

27-Dec-18

72.0600

71.9400

71.9775

69.6875

70.1550

-2.64%

GBPINR

27-Dec-18

90.7400

90.6500

88.3600

88.9350

-1.99%

JPYINR

27-Dec-18

63.5750

63.5400

63.5850

62.3550

63.1725

-0.63%

EURINR

27-Dec-18

81.5475

81.6475

79.7250

80.1925

-1.66%

Currency Pair

Continued…….

26/12/2018

Market Wrap-Up International Market Wrap-up Exchange

Previous Close

Open

High

Low

% Change in Price

LME

1925.50

1926.75

1953.25

1904.25

1908.25

-0.90%

Copper

COMEX

2.753

2.751

2.759

2.652

2.668

-3.09%

Crude Oil

NYMEX

51.23

51.55

52.16

45.13

45.41

-11.36%

Gold

COMEX

1242.30

1242.85

1270.20

1239.45

1258.95

1.34%

Lead

LME

1954.75

1926.75

1953.25

1904.25

1908.25

-2.38%

NYMEX

3.788

3.619

3.936

3.516

3.692

-2.53%

Nickel

LME

11037.50

11022.50

11112.50

10775.00

10872.50

-1.49%

Silver

COMEX

14.643

14.623

14.915

14.617

14.690

0.32%

Zinc

LME

2537.750

2553.75

2572.00

2487.50

2497.750

-1.58%

Commodity Aluminium

Natural Gas

26/12/2018

Inventory Updates LME Inventory Closing (As on 21st Dec 18) In tones

Closing (As on 14th Dec 18) in tones

% Change in Price

Aluminium

1254125

1094925

14.54%

Copper

128225

119975

6.88%

Lead

107625

106950

0.63%

Nickel

209148

210348

-0.57%

Zinc

132325

113800

16.28%

Commodity

Continued…….

26/12/2018

Inventory Updates

26/12/2018

Market Next Week Upcoming Economic Events Calender Time

Currency

Event

Forecast

4.90%

5.10%

Monday, December 24, 2018 All Day

Holiday

United Kingdom - Christmas Eve - Early close at 12:30

All Day

Holiday

United States - Christmas Eve - Early close at 13:00 Tuesday, December 25, 2018

All Day

Holiday

United Kingdom - Christmas Day

All Day

Holiday

United States - Christmas Wednesday, December 26, 2018

All Day 19:30

Holiday USD

United Kingdom - Boxing Day S&P/CS HPI Composite - 20 n.s.a. (YoY) (Oct) Thursday, December 27, 2018

19:00

USD

Initial Jobless Claims

219K

214K

20:30

USD

CB Consumer Confidence (Dec)

133.7

135.7

20:30

USD

New Home Sales (Nov)

562K

544K

20:30

USD

New Home Sales (MoM) (Nov)

2.50%

-8.90%

Friday, December 28, 2018 Tentative

GBP

Nationwide HPI (MoM)

0.30%

Tentative

GBP

Nationwide HPI (YoY)

1.90%

15:00

GBP

Gross Mortgage Approvals

39.7K

Tentative

USD

Fed Chair Powell Testifies

19:00

USD

Goods Trade Balance (Nov)

20:15

USD

Chicago PMI (Dec)

20:30

USD

Pending Home Sales (MoM) (Nov)

21:30

USD

Crude Oil Inventories

-76.98B 62.5

66.4

0.50%

-2.60% -0.497M

Currency Weekly Pivots Currency Pair

Contract

USDINR

27-Dec-18

71.4500

72.9000

71.5000

70.6000

69.2000

68.3000

66.0000

GBPINR

27-Dec-18

90.2500

91.6000

90.2500

89.3000

87.9500

87.0000

84.7000

JPYINR

27-Dec-18

63.7000

64.3000

63.7500

63.0500

62.5000

61.8000

60.6000

EURINR

27-Dec-18

81.3000

82.4000

81.3000

80.5000

79.3500

78.6000

76.6500 Continued…….

26/12/2018

Market Next Week MCX Weekly Pivots Commodity

Contract

Aluminium

31-Dec-18

135.95

141.15

137.50

135.50

131.85

129.85

124.20

Copper

28-Feb-19

433.15

449.60

433.50

424.70

408.60

399.80

374.90

Crude Oil

18-Jan-19

3576

3963

3599

3393

3029

2823

2253

Gold

05-Feb-19

31404

31942

31567

31285

30910

30628

29971

Lead

31-Dec-18

139.65

142.80

140.35

138.10

135.65

133.40

128.70

Natural Gas

26-Dec-18

266.10

290.25

277.80

264.35

251.90

238.45

212.55

Nickel

31-Dec-18

781.90

807.75

783.30

768.45

744.00

729.15

689.85

Silver

05-Mar-19

37671

38573

37914

37550

36891

36527

35504

Zinc

31-Dec-18

182.10

188.60

183.00

180.05

174.45

171.50

162.95

NCDEX Weekly Pivots Commodity

Contract

Castor Seed

18-Jan-19

6006

5630

5386

5254

5010

4878

4502

Chana

18-Jan-19

4907

4714

4622

4521

4429

4328

4135

Dhaniya

18-Jan-19

7427

6909

6624

6391

6106

5873

5355

COCUDAKL

18-Jan-19

2035.00

1961.00

1914.00

1887.00

1840.00

1813.00

1739.00

Guargum5

18-Jan-19

9791

9219

8907

8647

8335

8075

7503

Guarseed10

18-Jan-19

4816.65

4570.65

4439.30

4324.65

4193.30

4078.65

3832.65

Jeera

18-Jan-19

19965

18990

18365

18015

17390

17040

16065

RMseed

18-Jan-19

4208

4090

4036

3972

3918

3854

3736

Ref Soya Oil

18-Jan-19

755.35

742.50

734.30

729.65

721.45

716.80

703.95

Soyabean

18-Jan-19

3466

3412

3377

3358

3323

3304

3250

Turmeric

18-Jan-19

7530

7132

6868

6734

6470

6336

5938

Mentha Oil

31-Dec-18

1616.1

1551.0

1513.7

1485.9

1448.6

1420.8

1355.7

26/12/2018

MCX Fundamentals BULLION Gold traded on flat note on Friday after jumping more than 1 percent in the previous session boosted by a crumbling dollar and as sliding stocks prompted an influx of safe haven bids after the U.S. Federal Reserve monetary policy stance augmented concerns about slowing global economic growth. Spot gold climbed 1.38 percent to $1,259.80 per ounce by close having reached $1,265.28 earlier in the session a peak since July 9. U.S. gold futures settled up 0.9 percent at 1,267.90 per ounce.

BASE METALS

Copper prices edged higher in London and Shanghai in early trade on Friday, after a report from an industry study group showed a widening supply deficit. The metal is still on course to shed 1.8 percent in London this week for a fourth straight weekly loss. It is down 17 percent so far in 2018, heading for its worst year since 2015 on fears the U.S.-China trade row will hurt demand.

ENERGY Oil prices climbed on Friday after tumbling 5 percent in the last session, with OPEC production cuts that start next month seen being deeper than previously expected. Benchmark Brent crude futures were up 1.51 percent at $55.17 per barrel at the time of writing recovering from losses of $2.89 per barrel the session before.The Energy Information Administration reported a deficit of 141 billion cubic feet in the week ending December 14 in US natural gas storage, compared to a 77 billion deficit in the previous week, while missing estimates of a 141 billion decline.

26/12/2018

NCDEX Fundamentals SPICES Trend remains slight down for Jeer as it traded near the psychological 18000 mark with lack of strong demand amidst firmer Rupee and cooler weather in Gujarat and Rajasthan combining to keep trend weak. Reports of steps taken to improve water supply to the fields for Jeer kept pressure on prices.Turmeric traded sideways as falling stocks supported prices. Lower rains in growing areas amidst apprehensions of falling yields could support prices for Turmeric. Reports of lower stocks in mandis amidst moderate demand at these lower levels are supporting factors.

OILSEEDS Mentha traded moderately firm as prices found immediate support at these lower levels after the recent dips. Traders anticipate the winter season demand to gradually start rising. Overall sentiments are likely to recover during the winter season. Soya oil January contract traded above consistently below 730 support yesterday. Positive sentiment in palm oil could not offer much support since upside was limited in domestic soy bean market. Soya oil once again found difficulty in diverting from the sideways trend.

GUAR COMPLEX Falling crude oil prices amidst firm Rupee kept sentiments down for Guar but prices found short term support at these lower levels. Prospects of lower production from less rains received in Rajasthan supported prices. Reports of lower arrivals of new crop amidst prospects of fall in sowing area are Bullish factors.

OTHERS Subdued selling intentions were noted in local mandis and after morning weakness futures contracts were able to recover to some extent. The current inventory seems sufficient to balance the requirements as long as the supply season does not commence. The daily supply of this season crop is decreasing gradually while current spot prices are quite cheaper to attract considered lower. The USDA has downgraded domestic ending stock estimate in its October report. 9

26/12/2018

Calls of the Week (MCX) ZINC Last week Zinc Dec Futures started the week on negative note and continue the same for whole week, market closed below the level of 180.00 and it closed at 177.35 with the overall loss of 3.30 per cent on weekly basis. Technically it consolidating below the major psychological support level of 180.00 with the negative RSI and for this week, we can expect further downside movement in it.For this week, if it breaks the level of 177.50 on the lower, then it can test the level of 174.50 during the week. One can make sell position in it by maintaining a SL 178.55.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Sell

Below 177.50

Target

174.50

178.55

NATURALGAS From last couple of trading weeks Natural Gas trading in range between the 265-250 and forming bottom formation on lower side. Last week Natural Gas made a low of 250.90 and closed at the level of 265.40 with overall marginal loss of 3.88% on weekly basis. Natural Gas recently broken its resistance trend line and sustaining above it indicating bullish trend for short term to mid term basis. For this week, if it breaks the level of 260 on the upper, then it can test the level of 269.60 during the week. One can make buy position in it by maintaining a SL 255.90.

WEEKLY STRATEGY PARTICULAR

Action Entry Range

DETAILS

Buy Above 260

Target

269.60

255.90

26/12/2018

Calls of the Week (NCDEX) COKUDAKL From last couple of trading days COCUDAKL is trading with negative sentiment. Last week COCUDAKL made a low of 1860 and closed at the level of 1867 with overall marginal loss of 1.50% on weekly basis. On its daily chart COCUDAKL is forming descending triangle formation on higher side indicating negative movement in it. For this week if it is break the level of 1860 on lower side then it can test the level of 1740. One can make sell position in it with SL of 1915.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Sell

Below 1860

Target

1740

1915

SOYABEAN The primary trend of Soybean is bearish on chart and from last couple of trading weeks Soybean is trading below the support level of 3400. Last week Soybean made a low of 3338 and closed at the level of 3343 with overall marginal loss of 1.07% on weekly basis. On its daily chart Soybean is forming lower highs and lower lows formation indicating negative movement in it. For this week if it is break the level of 3320 on lower side then it can test the level of 3215. One can make sell position in it with SL of 3375.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Sell

Below 3320

Target

3215

3375

26/12/2018

Calls of the Week (FOREX) GBPINR Last week, GBPINR Dec Futures started the week on negative note and continued the same for the most part of the week. It made a low of 88.3600 during the week and closed at 88.9350 with the overall loss approx of 2 per cent on weekly basis. Technically it consolidating below the trend line and support level breakout with the negative RSI and for this week, we can expect downside movement in it.For this week, traders can adopt selling from the support level breakout strategy in it and below the level of 88.8800 it can test the level of 88.5125 during the week. Trades can make sell position in it by maintaining a Stop Loss of 89.1125.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Sell

Below 88.8800

Target

88.5125

89.1125

EURINR Last week, EURINR Dec Futures started the week on negative note and continued the same for the entire the week. It made a low of 79.7250 during the week and closed at 80.1925 with the overall loss approx of 1.67 per cent on weekly basis. Technically it consolidating below the trend line breakout near to the major support level with the negative RSI and for this week, we can expect downside movement in it.For this week, traders can adopt selling from the support level breakout strategy in it and below the level of 79.7000 it can test the level of 79.2125 during the week. Trades can make sell position in it by maintaining a Stop Loss of 80.0500

WEEKLY STRATEGY

PARTICULAR

Action

Entry Range

DETAILS

Sell

Below 79.7000

Target

79.2125

80.0500

26/12/2018

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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

26/12/2018