Commodity Research Report 31 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-Aug-18

140.80

140.45

145.35

140.15

141.20

0.28%

19.52%

-25.10%

Copper

31-Aug-18

420.35

419.20

433.40

418.75

425.85

1.31%

5.59%

-28.65%

Crude Oil

20-Aug-18

4707

4695

4812

4667

4714

0.15%

-4.95%

-0.27%

Gold

03-Aug-18

29920

29921

29988

29652

29780

-0.47%

6.08%

68.99%

Lead

31-Aug-18

147.20

147.45

150.20

146.65

147.15

-0.03%

30.78%

-16.29%

Natural Gas

28-Aug-18

189.10

187.10

192.80

186.20

192.60

1.85%

-29.42%

17.83%

Nickel

31-Jul-18

930.70

928.00

952.60

921.80

946.20

1.67%

0.74%

-9.04%

Silver

05-Sep-18

38457

38420

38691

38003

38326

-0.34%

9.83%

14.95%

Zinc

31-Aug-18

179.00

180.25

183.15

177.05

179.15

0.08%

11.53%

-27.05%

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

4546

4530

4650

4394

4642

2.11%

2.87%

161.49%

Chana

20-Aug-18

4285

4250

4352

4021

4164

-2.82%

12.55%

-10.94%

Dhaniya

20-Aug-18

4770

4760

5159

4720

5097

6.86%

-2.12%

51.15%

COCUDAKL

20-Aug-18

1799.00

1790.00

1847.50

1755.50

1834.00

1.95%

3.68%

32.27%

Guargum5

16-Oct-18

9342

9150

9295

8750

9220

-1.31%

3.73%

-4.81%

Guarseed10

16-Oct-18

4338.00

4311.00

4085.00

4273.50

-1.49%

8.86%

-11.14%

Jeera

20-Aug-18

18830

18850

19930

18730

19810

5.20%

-13.03%

138.20%

RMseed

20-Aug-18

4222

4206

4240

4111

4177

-1.07%

0.12%

-25.84%

Ref Soya Oil

20-Aug-18

746.65

744.10

748.70

739.00

742.35

-0.58%

-10.01%

72.30%

Soyabean

16-Oct-18

3390

3378

3395

3318

3365

-0.74%

-9.92%

-41.10%

Turmeric

20-Aug-18

7334

7280

7450

7170

7294

-0.55%

3.32%

-30.85%

Mentha Oil

31-Aug-18

1601.20

1600.00

1522.00

1568.70

-2.03%

-11.77%

-39.68%

Commodity

Currency Market Wrap-Up Contract

Previous Close

Open

High

Low

Change in Price (in%)

USDINR

29-Aug-18

69.1725

69.3375

69.3575

68.7700

68.9300

-0.35%

GBPINR

29-Aug-18

90.3350

90.6425

91.2475

90.2800

90.4075

0.08%

JPYINR

29-Aug-18

91.6625

62.0000

62.4200

61.9000

62.1025

-32.25%

EURINR

29-Aug-18

80.7725

81.0200

81.2000

80.2900

80.3475

-0.53%

Currency Pair

Continued…….

30/07/2018

Market Wrap-Up International Market Wrap-up Exchange

Previous Close

Open

High

Low

% Change in Price

LME

2045.50

2038.25

2112.75

2032.25

2061.00

0.76%

Copper

COMEX

2.746

2.748

2.844

2.730

2.796

1.82%

Crude Oil

NYMEX

70.46

68.17

69.92

67.56

69.02

-2.04%

Gold

COMEX

1229.50

1222.00

1227.80

1222.00

1222.20

-0.59%

Lead

LME

2138.00

2132.00

2184.75

2123.00

2134.50

-0.16%

NYMEX

2.757

2.737

2.831

2.710

2.785

1.02%

Nickel

LME

13515.00

13590.00

13887.50

13277.50

13782.50

1.98%

Silver

COMEX

15.490

15.505

15.570

15.345

15.515

0.16%

Zinc

LME

2584.50

2586.75

2640.50

2548.25

2589.00

0.17%

Commodity Aluminium

Natural Gas

30/07/2018

Inventory Updates LME Inventory Closing (As on 27th Jul18) In tones

Closing (As on 20th Jul18) in tones

% Change in Price

Aluminium

1207600

1203970

0.30%

Copper

251950

256475

-1.76%

Lead

127375

128575

-0.93%

Nickel

259332

261108

-0.68%

Zinc

245725

235000

4.56%

Commodity

Continued…….

30/07/2018

Inventory Updates

30/07/2018

Market Next Week Upcoming Economic Events Calender Time

Currency

Event

Forecast

0.10%

-0.50%

51.3 0.70% 0.004 126

51.5 55 0.80% 0.002 126.4

50.8 0.20% 54.2

51 0.50% 54.4

185K

2.00%

177K 55.5 56 60.2 -6.147M 2.00%

52.9

53.1

0.75% 220K 0.70%

0.50% 217K 0.40%

Monday, July 30, 2018 19:30

USD

6:30 6:30 18:00 18:00 19:30

CNY CNY USD USD USD

7:15 11:30 14:00 Tentative 17:45 19:15 19:30 19:30 20:00 23:30

CNY GBP GBP USD USD USD USD USD USD USD

14:00 16:30 16:30 18:00 19:30

GBP GBP GBP USD USD

7:15 14:00 18:00 18:00 18:00 18:00 18:00 18:00 19:15 19:15 19:30

CNY GBP USD USD USD USD USD USD USD USD USD

Pending Home Sales (MoM) (Jun) Tuesday, July 31, 2018 Manufacturing PMI (Jul) Non-Manufacturing PMI (Jul) Employment Cost Index (QoQ) (Q2) Personal Spending (MoM) (Jun) CB Consumer Confidence (Jul) Wednesday, August 1, 2018 Caixin Manufacturing PMI (Jul) Nationwide HPI (MoM) (Jul) Manufacturing PMI (Jul) OPEC Meeting ADP Nonfarm Employment Change (Jul) Manufacturing PMI (Jul) ISM Manufacturing Employment (Jul) ISM Manufacturing PMI (Jul) Crude Oil Inventories Fed Interest Rate Decision Thursday, August 2, 2018 Construction PMI (Jul) BoE Inflation Report BoE Interest Rate Decision (Aug) Initial Jobless Claims Factory Orders (MoM) (Jun) Friday, August 3, 2018 Caixin Services PMI (Jul) Services PMI (Jul) Average Hourly Earnings (MoM) (Jul) Nonfarm Payrolls (Jul) Participation Rate (Jul) Private Nonfarm Payrolls (Jul) Trade Balance (Jun) Unemployment Rate (Jul) Markit Composite PMI (Jul) Services PMI (Jul) ISM Non-Manufacturing Employment (Jul)

57 59.5

53.9 55.1 0.20% 213K 62.90% 202K -43.10B 4.00% 55.9 56.2 53.6

54.7 0.30% 190K 185K -46.20B 3.90%

Currency Weekly Pivots Currency Pair

Contract

USDINR

29-Aug-18

70.2000

69.6500

69.3000

69.0192

68.6500

68.4000

67.8000

GBPINR

29-Aug-18

92.6000

91.6500

91.0500

90.6450

90.0000

89.6500

88.7000

JPYINR

29-Aug-18

63.2000

62.7000

62.4000

62.1408

61.8500

61.6000

61.1000

EURINR

29-Aug-18

82.4500

81.5500

80.9500

80.6125

80.0000

79.7000

78.7500 Continued…….

30/07/2018

Market Next Week MCX Weekly Pivots Commodity

Contract

Aluminium

31-Aug-18

152.65

147.45

144.35

142.23

139.10

137.00

131.80

Copper

31-Aug-18

455.30

440.65

433.25

426.00

418.60

411.35

396.70

Crude Oil

20-Aug-18

5021

4876

4795

4731

4650

4586

4441

Gold

03-Aug-18

30479

30143

29961

29807

29625

29471

29135

Lead

31-Aug-18

155.10

151.55

149.35

148.00

145.80

144.45

140.90

Natural Gas

28-Aug-18

203.75

197.15

194.90

190.53

188.25

183.90

177.30

Nickel

31-Jul-18

1001.80

971.00

958.60

940.20

927.80

909.40

878.60

Silver

05-Sep-18

39716

39028

38677

38340

37989

37652

36964

Zinc

31-Aug-18

192.00

185.90

182.55

179.78

176.40

173.65

167.55

NCDEX Weekly Pivots Commodity

Contract

Castor Seed

20-Aug-18

5074

4818

4730

4562

4474

4306

4050

Chana

20-Aug-18

4841

4510

4337

4179

4006

3848

3517

Dhaniya

20-Aug-18

5870

5431

5264

4992

4825

4553

4114

COCUDAKL

20-Aug-18

1996.35

1904.35

1869.20

1812.33

1777.15

1720.30

1628.30

Guargum5

16-Oct-18

10178

9633

9427

9088

8882

8543

7998

Guarseed10

16-Oct-18

4675

4449

4361

4223

4135

3997

3771

Jeera

20-Aug-18

21890

20690

20250

19490

19050

18290

17090

RMseed

20-Aug-18

4434

4305

4241

4176

4112

4047

3918

Ref Soya Oil

20-Aug-18

762.75

753.05

747.70

743.35

738.00

733.65

723.95

Soyabean

16-Oct-18

3513

3436

3401

3359

3324

3282

3205

Turmeric

20-Aug-18

7865

7585

7439

7305

7159

7025

6745

Mentha Oil

31-Aug-18

1719.60

1641.60

1605.15

1563.57

1527.10

1485.55

1407.55

30/07/2018

MCX Fundamentals BULLION The World Gold Council expects an increase of demand on the yellow metal in the second half of 2018 as inflation rises and the global trade war gears up and hurts currencies. Despite similar concerns in the first half of the year gold prices were stymied by dollar's strength as the Federal Reserve tightens monetary policy on the back of strong US data. 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

Metal Bulletin assessed low-grade and high-grade cobalt prices at $35.40-37.70 per lb in warehouse on Wednesday July 25.Low grade prices were down 1.6% compared with the previous assessment on July 20 while high grade prices were down 2.1%.Sellers playing the arbitrage are offering aggressively to secure scant summer spot business in Europe safe in the knowledge that even cheaper units are arriving in September in time for the anticipated seasonal resumption in spot demand.

ENERGY The Energy Information Administration released its report on US crude stocks showing a drawdown of 6.1 million barrels in the week ending July 20 compared to a surplus of 5.8 million in the previous reading while analysts expected a 2.6M drop with total stocks now down to 404.9 million barrels which is 3% below the five year average. 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, adding to a 51B buildup in the previous reading, while analysts

30/07/2018

NCDEX Fundamentals SPICES Lack of strong trading activities due to the ongoing truck strike kept trading activities on the lower side. This kept trend sideways for Jeeras it faced immediate psychological Resistance at 20000 mark. Rising export and domestic demand amidst falling stocks in domestic and International markets kept supporting prices. Near term view remains positive overall.

OILSEEDS Reviewing the key fundamentals, Mentha oil output has not increased in past few years and the number has been steady to lower. But in response to decent appreciation in last yearsâ&#x20AC;&#x2122; prices, farmers sowing improved resulting in increase in production prospects.

GUAR COMPLEX Some more short term dips were noted for Guar as persistent rains in growing regions in Rajasthan kept pressure on market sentiments with possibilities of improved sowing. However, the bearish impact of Monsoon rains may well be limited with prices having fallen a lot and are at very low levels. Traders anticipate further fall to be limited.

OTHERS Markets failed to pick up strongly for Ref Soy Oil even as slight firmness in soybean supported the prices initially. Overall fundamentals do not indicate any significant fall from current levels. For palm oilnear term trend seems now seems better since lowering price levels have made this oil highly competitive in the edible oil segment as it has turned significantly cheaper than all other major oils.

30/07/2018

Calls of the Week (MCX) SILVER Market is continuously trading above the level of 38000 indicating positive movement on short term to mid term basis. Last week market open with sideways movement and continue to trade in range whole week. It made a low of 38003 and closed at the level of 38326 with overall marginal loss of 0.34% on weekly basis. For this week, if it breaks the level of 38500 on the upside then it can test the level of 38970 during the week. One can make buy position in it by maintaining a SL 38280.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Buy

Above 38500

Target

38970

38280

ALUMINIUM Last week market open with negative sentiment but found enough support at the level of 140 and sustaining above it. It made a high of 145.35 during the week and closed at the level of 141.20 with overall marginal gain of 0.28% on weekly basis. For this week, if it breaks the level of 142 on the upside then it can test the level of 144.75 during the week. One can make buy position in it by maintaining a SL 140.80.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Buy

Above 142

Target

144.75

140.80

30/07/2018

Calls of the Week (NCDEX) COCUDAKL After test the level of 1200 market is continuously trading with positive movement week on week and technically we can expect market can test the level of 2000 on upper side. Last week market made a high of 1847.50 and closed at the level of 1834 with overall marginal gain of 1.95% on weekly basis. For this week if market break the level of 1860 then it can test the level of 2010 one can make buy position with maintain the Stop loss of 1805.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Buy

Above 1860

Target

2010

1805

DHANIYA From last couple of trading weeks market is trading with positive sentiment and trading above the important psychological level of 5000. Last week market open positive bias and continue the same whole week. It a high of 5159 and closed at 5097 with overall marginal gain of 6% on weekly basis. For this week we can expect market can continue its bullish trend. If market break the level of 5160 then it can test the level of 5310 and then 5450. One can make buy position with Stop loss of 5105.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Buy

Above 5160

Target

5310

5105

30/07/2018

Calls of the Week (FOREX) EURINR Last week EURINR Aug Futures started the week on positive note but found enough resistance near the level of 82.000. It made a low of 80.2900 during the week and closed at on 80.3475 with the overall marginal loss of 0.53% on weekly basis. On its daily chart market is forming descending triangle formation indicating negative trend in near to short term basis. For this week, if it breaks the level of 80.3500 on the downside then it can test the level of 79.8525 during the week. One can make sell position in it by maintaining a SL 80.6125.

WEEKLY STRATEGY PARTICULAR

Action

Entry Range

DETAILS

Sell

Below 80.3500

Target

79.8525

80.6125

USDINR Last week USDINR Aug Futures started the week on negative note and continue the same for the entire week.. It made a low of 68.7700 during the week and closed at on 68.9300 with the overall marginal loss of 0.35% on weekly basis. Market is sustaining below the level of 70 and facing selling pressure on higher level. For this week, if it breaks the level of 68.7500 on the downside then it can test the level of 68.2525 during the week. One can make sell position in it by maintaining a SL 69.0525.

WEEKLY STRATEGY

PARTICULAR

Action

Entry Range

DETAILS

Sell

Below 68.7500

Target

68.2525

69.0525

30/07/2018

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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

30/07/2018