Commodity Research Report 27 August 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-Aug-18

141.90

141.95

146.10

141.60

144.75

2.01%

12.22%

-2.13%

Copper

31-Aug-18

407.65

408.95

418.85

405.25

416.25

2.11%

-10.13%

12.18%

Crude Oil

19-Sep-18

4,571

4,575

4,857

4,547

4,804

5.10%

50.79%

-1.80%

Gold

05-Oct-18

29349

29465

29967

29423

29903

1.89%

5.45%

54.30%

Lead

31-Aug-18

139.4

139.6

146.4

137.25

144.55

3.69%

-25.37%

-17.75%

Natural Gas

28-Aug-18

206.6

205.3

209.4

200.6

204.3

-1.11%

-24.45%

13.20%

Nickel

31-Aug-18

946.6

959

921.6

933.7

-1.36%

22.51%

-0.81%

Silver

05-Sep-18

36778

36920

37172

36534

37004

0.61%

-5.89%

58.97%

Zinc

31-Aug-18

168.00

166.95

178.90

166.50

177.95

5.92%

-26.77%

1.33%

NCDEX Market Wrap-Up Contract

Previous Close

Open

High

Low

% Change in Price

% Change in Open Interest

% Change in Volume

Castor Seed

19-Sep-18

4658.00

4609.00

4790.00

4609.00

4676.00

0.39%

6.31%

28.79%

Chana

19-Sep-18

4325.00

4287.00

4362.00

4084.00

4086.00

-5.53%

-15.72%

63.15%

Dhaniya

19-Sep-18

4884.00

4980.00

5020.00

4755.00

4774.00

-2.25%

4.88%

166.59%

COCUDAKL

19-Sep-18

1776.50

1724.00

1868.00

1724.00

1746.50

-1.69%

9.78%

31.75%

Guargum5

16-Oct-18

9882.00

9850.00

9988.00

9159.00

9201.00

-6.89%

-1.12%

13.29%

Guarseed10

16-Oct-18

4601.00

4570.00

4650.00

4285.00

4316.00

-6.19%

-10.24%

-14.91%

Jeera

19-Sep-18

19880.00 19580.00

20500.00 19065.00 19315.00

-2.84%

-2.18%

70.55%

RMseed

19-Sep-18

4188.00

4180.00

4073.00

4078.00

-2.63%

1.80%

4.26%

Ref Soya Oil

19-Sep-18

739.35

737.50

742.40

731.10

733.60

-0.78%

-11.94%

-43.04%

Soyabean

16-Oct-18

3371.00

3379.00

3388.00

3236.00

3249.00

-3.62%

17.21%

7.79%

Turmeric

19-Sep-18

6978.00

6990.00

7086.00

6802.00

6868.00

-1.58%

-4.29%

-2.56%

Mentha Oil

31-Aug-18

1648.80

1655.00

1683.80

1628.50

1678.80

1.82%

12.93%

53.56%

Commodity

Currency Market Wrap-Up Contract

Previous Close

Open

High

Low

Change in Price (in%)

USDINR

29-Aug-18

70.3100

70.0300

70.2650

69.5825

69.9425

-0.52%

GBPINR

29-Aug-18

89.3700

89.3000

90.5150

88.7725

89.9075

0.60%

JPYINR

29-Aug-18

63.4375

63.5000

62.8000

62.8175

-0.98%

EURINR

29-Aug-18

80.0150

89.9875

81.2950

79.5550

81.0250

1.26%

Currency Pair

Continued…….

27/08/2018

Market Wrap-Up International Market Wrap-up Commodity

Exchange

Previous Close

Open

High

Low

% Change in Price

Aluminium

LME

2033.75

2041.00

2108.25

2036.25

2093.00

2.91%

Copper

COMEX

2.660

2.657

2.716

2.614

2.691

1.17%

Crude Oil

NYMEX

65.91

65.21

69.31

64.85

68.54

3.99%

Gold

COMEX

1191.80

1190.60

1215.00

1189.50

1212.30

1.72%

Lead

LME

2001.50

2019.50

2104.00

1975.50

2078.75

3.86%

NYMEX

2.946

2.934

2.992

2.902

2.912

-1.15%

Nickel

LME

13552.50

13625.00

13847.50

13190.00

13430.00

-0.90%

Silver

COMEX

14.775

14.750

14.860

14.450

14.785

0.07%

Zinc

LME

2380.25

2422.25

2549.75

2354.50

2532.75

6.41%

Natural Gas

27/08/2018

Inventory Updates LME Inventory Closing (As on 24thAug18) In tones

Closing (As on 17thAug18) in tones

% Change in Price

Aluminium

1099975

1124150

-2.15%

Copper

266950

257400

3.71%

Lead

126550

125400

0.92%

Nickel

243552

247548

-1.61%

Zinc

248575

252250

-1.46%

Commodity

Continued…….

27/08/2018

Inventory Updates

27/08/2018

Market Next Week Upcoming Economic Events Calender Time

Currency

Event

Forecast

Monday, August 27, 2018 All Day

USD

United Kingdom - Summer Bank Holiday Tuesday, August 28, 2018

Tentative

GBP

Inflation Report Hearings

18:00

USD

Goods Trade Balance (Jul)

19:30

USD

CB Consumer Confidence (Aug)

-67.92B 126.5

127.4

Wednesday, August 29, 2018 Tentative

GBP

Nationwide HPI (YoY)

2.50%

18:00

USD

GDP (QoQ) (Q2)

4.00%

4.10%

18:00

USD

GDP Price Index (QoQ) (Q2)

3.00%

3.20%

19:30

USD

Pending Home Sales (MoM) (Jul)

0.40%

0.90%

20:00

USD

Crude Oil Inventories

-1.497M

-5.836M

Thursday, August 30, 2018 18:00

USD

Core PCE Price Index (YoY) (Jul)

2.00%

1.90%

18:00

USD

Initial Jobless Claims

214K

210K

18:00

USD

PCE Deflator (YoY)

18:00

USD

Personal Spending (MoM) (Jul)

2.20% 0.40%

0.40%

51.2

Friday, August 31, 2018 6:30

CNY

Manufacturing PMI (Aug)

6:30

CNY

Non-Manufacturing PMI (Aug)

19:15

USD

Chicago PMI (Aug)

19:30

USD

19:30

USD

54 63

65.5

Michigan Consumer Expectations (Aug)

87.5

87.3

Michigan Consumer Sentiment (Aug)

95.5

95.3

Currency Weekly Pivots Currency Pair

Contract

USDINR

29-Aug-18

71.3000

70.6500

70.3000

69.9500

69.6500

69.2500

68.6000

GBPINR

29-Aug-18

93.2500

91.5000

90.7500

89.7500

89.0000

88.0000

86.2500

JPYINR

29-Aug-18

64.4500

63.7500

63.3000

63.0500

62.6000

62.3500

61.6500

EURINR

29-Aug-18

84.1500

82.4000

81.7500

80.6500

80.0000

78.9000

77.1500 Continued…….

27/08/2018

Market Next Week MCX Weekly Pivots Commodity

Contract

Aluminium

31-Aug-18

153.15

148.65

146.70

144.15

142.20

139.65

135.15

Copper

31-Aug-18

440.65

427.05

421.65

413.45

408.05

399.85

386.25

Crude Oil

19-Sep-18

5356

5046

4925

4736

4615

4426

4116

Gold

05-Oct-18

30852

30308

30106

29764

29562

29220

28676

Lead

31-Aug-18

161.05

151.90

148.25

142.75

139.10

133.60

124.45

Natural Gas

28-Aug-18

222.35

213.55

208.90

204.75

200.10

195.95

187.15

Nickel

31-Aug-18

1012.90

975.50

954.60

938.10

917.20

900.70

863.30

Silver

05-Sep-18

38179

37541

37273

36903

36635

36265

35627

Zinc

31-Aug-18

199.25

186.85

182.40

174.45

170.00

162.05

149.65

NCDEX Weekly Pivots Commodity

Contract

Castor Seed

19-Sep-18

5054

4873

4774

4692

4593

4511

4330

Chana

19-Sep-18

4733

4455

4271

4177

3993

3899

3621

Dhaniya

19-Sep-18

5380

5115

4944

4850

4679

4585

4320

COCUDAKL

19-Sep-18

2067.50

1923.50

1835.00

1779.50

1691.00

1635.50

1491.50

Guargum5

16-Oct-18

11107

10278

9740

9449

8911

8620

7791

Guarseed10

16-Oct-18

5147.00

4782.00

4549.00

4417.00

4184.00

4052.00

3687.00

Jeera

19-Sep-18

22496.65

21061.65

20188.30

19626.65

18753.30

18191.65

16756.65

RMseed

19-Sep-18

4324

4217

4148

4110

4041

4003

3896

Ref Soya Oil

19-Sep-18

758.30

747.00

740.30

735.70

729.00

724.40

713.10

Soyabean

16-Oct-18

3595

3443

3346

3291

3194

3139

2987

Turmeric

19-Sep-18

7487

7203

7035

6919

6751

6635

6351

Mentha Oil

31-Aug-18

1774.3

1719.0

1698.9

1663.7

1643.6

1608.4

1553.1

27/08/2018

MCX Fundamentals BULLION The World Gold Council recently forecast an increase of demand on the yellow metal in the second half of 2018 as inflation rises and the global trade war takes firmer shape and hurts currencies. Central banks gold demand rose 42% to 116.5 tonnes especially from Russia while jewellery demand steadied at 487.7 tonnes as mine supplies grew 1% y/y to 770 thousand tonnes. Gold holdings at SPDR Gold Trust the world's largest gold-backed investment fund fell 1.47 tonnes on Thursday to 767.23 tonnes the lowest since February 2016 after gold prices registered losses in July for the fourth month in a row.

BASE METALS

The metal remains down 5.2 percent this month on concerns the U.S. China trade row will hurt demand for industrial metals and is heading for its worst month since August 2016. China and the United States had a constructive and candid exchange over trade issues the Chinese commerce ministry said in a statement on its website on Friday. Shanghai lead was the top performer in the base metals complex rising as much as 2.3 percent to a two week high of 18,205 yuan a tonne on concerns over tight stocks while zinc added around 1 percent.

ENERGY Crude oil futures were higher during mid-morning trade in Asia Friday as market attention shifted to increased trade tensions between the US and China as the latter imposed a 25% tariff on US oil products. China Thursday imposed tariffs on a second round of US goods in retaliation for US tariffs targeting oil products and coal for the first time and leaving open the possibility of including crude oil and LNG next. Natural gas futures due in September fell 0.54% to $2.97 per million British thermal units while the dollar index rallied 0.55% to 95.67 against an array of main rivals.

27/08/2018

NCDEX Fundamentals SPICES The higher levels noted for Jeera with prices shooting up over last 2 months were not sustainable. Even as moderate demand on the domestic and export front persisted traders preferred some corrections in prices before initiating fresh demand. Trend remains weak for Turmeric as it held below the psychological 7000 mark. Even as technical is still not very strongly positive there are expectations of demand on the domestic and export front picking up with harvesting still time away. Better sowing prospect reports from good rains in growing states had pressurized prices.

OILSEEDS Moderate firm trend persisted for Mentha even as prices found immediate Resistance at these levels on rising demand and falling arrivals. With harvesting getting over, the export and domestic demand for the new crop is on the rise. This could support prices in the medium to long term. Negative inputs from soybean and global edible oil markets kept sentiments negative. Soya oil is currently facing resistance in moving above 750 level although the downside is capped around 725-730. The first month derivative had bounced significantly from 728 level few weeks back.

GUAR COMPLEX Guar faced very strong Resistance at the psychological 10,000 mark as profit booking set in at the higher levels with rains in Rajasthan too adversely affecting the market sentiments. However as the bearish impact of rains gradually get over with prices on the lower side and sowing period too nearing end fall in prices may be limited from the monsoon factor.

OTHERS RM seed ended the day with subdued note amid lack of buying interest in spot markets. But with fresh reports of India likely to resume export of rape meal from China traders now do not anticipate much fall now and prices in medium term may find strong support. Soybean ended the day in red and below 3300 mark. Soybean is currently unable to adverse monsoon reports could lend support to the prices post upside rally although prices are unable to fall much from current levels. 9

27/08/2018

Calls of the Week (MCX) ZINC From last couple of trading weeks ZINC was trading with negative sentiment but last week market get bounce back from lower level near the level of 170. Last week Zinc made a low of 166.50 and closed at 177.95 with overall marginal gain of 6% on weekly basis. On its daily chart market is forming higher highs and higher lows formation with positive RSI indicating positive trend for this week. For this week, if it breaks the level of 179 on the upper side then it can test the level of 181.90 during the week. One can make buy position in it by maintaining a SL at 177.85.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Buy

Above 179

Target

181.90

177.85

GOLD

Comex gold futures marked a biggest one day gain on Friday recovering back to trade above $1200 per troy ounce. Comex gold futures for October delivery made an intraday high of $1210.40 per troy ounce from the low of $1184.90 rising by 1.77% from previous close. Indian market also had witnessed similar movement, wherein MCX futures for October expiry made an intraday high of Rs. 29967 per 10 grams from the low of Rs. 29570 per 10 grams. For this week, if it breaks the level of 30,000 on the upper side then it can test the level of 39500 during the week. One can make buy position in it by maintaining a SL at 29985.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Buy

Above 30000

Target

30500

29895

27/08/2018

Calls of the Week (NCDEX) DHANIYA Last week Dhaniya open with positive sentiment but found enough resistance near the level of 5000. Last week Dhaniya made a low of 4755 and closed at 4774 with overall marginal loss of 2.25% on weekly basis. On its daily market is resist by the level of 5000 and RSI turns from positive to negative trend. For this week, if it breaks the level of 4740 on the lower side then it can test the level of 4590 during the week. One can make sell position in it by maintaining a SL at 4795.

WEEKLY STRATEGY PARTICULAR

DETAILS

Action

Sell

Entry Range

Below 4740

Target

4590

4795

RMSEED Last week RMSEED made a low of 4073 and closed at 4078 with overall marginal loss of 2.60% on weekly basis. The primary trend of RMSEED is bearish on chart and market is trading near the level of 4000 and continuously making lower lows indicating short term negative trend in it. For this week, if it breaks the level of 4040 on the lower side then it can test the level of 3920 during the week. One can make sell position in it by maintaining a SL at 4095.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Sell

Above 4040

Target

3920

4095

27/08/2018

Calls of the Week (FOREX) JPYINR From last couple of trading days JPYINR trading with negative sentiment and we still believe that market can continue its negative trend. Last week JPYINR made a low of 62.8000 and closed at 62.8175 with overall marginal loss of 1% on weekly basis. On its daily chart market is forming lower highs and lower lows formation indicating negative trend for this week. For this week, if it breaks the level of 63.0800 on the lower side then it can test the level of 62.6025 during the week. One can make sell position in it by maintaining a SL at 63.3525.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Sell

Below 63.0800

Target

62.6025

63.3525

USDINR From last couple of trading week USDINR is trading near the level of 70.0000 but unable to cross the level and getting selling pressure from higher level. Last week USDINR made a low of 69.5825 and closed at 69.9425 with overall marginal loss of 0.50% on weekly basis. On its daily chart market is forming lower highs formation indicating negative trend for mid term to short term basis. For this week, if it breaks the level of 69.8300 on the lower side then it can test the level of 88.50000 during the week. One can make sell position in it by maintaining a SL at 70.1125.

WEEKLY STRATEGY

PARTICULAR

Action

Entry Range

DETAILS

Sell

Above 69.8300

Target

69.5325

70.1125

27/08/2018

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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

27/08/2018