PDF Archive

Easily share your PDF documents with your contacts, on the Web and Social Networks.

Share a file Manage my documents Convert Recover Search Help Contact



Commodity Research Report 05 September 2017 Ways2Capital .pdf



Original filename: Commodity Research Report 05 September 2017 Ways2Capital.pdf
Title: Commodity research report
Author: w2c

This PDF 1.4 document has been generated by Writer / LibreOffice 3.5, and has been sent on pdf-archive.com on 05/09/2017 at 13:43, from IP address 111.118.x.x. The current document download page has been viewed 93 times.
File size: 1.1 MB (14 pages).
Privacy: public file




Download original PDF file









Document preview


✍ MCX DAILY LEVELS
DAILY

EXPIRY DATE

R4

R3

R2

R1

PP

S1

S2

S3

S4

ALUMINIUM

29- SEP-2017

138

138

137

136

135

134

133

132

131

COPPER

30- NOV-2017

454

452

450

448

446

444

442

440

438

19-SEP-17

3128

3108

3088

3068

3031

3020

2991

2971

2945

GOLD

05-OCT--2017

30850

30652

30500

30350

30128

30050

29900

29700

29555

LEAD

29- SEP-2017

155.10

154.50

153.90

153.10

152.70

152

151.2

150.50

149.80

NATURAL GAS

26-SEP-2017

202

200

198

196

194

192.10

190.10

188.20

186

NICKEL

29- SEP-2017

850

825

800

795

782

770

751

742

735

SILVER

05-JUL-2017

41800

41400

41200

40999

40600

40400

40150

39901

39700

ZINC

29- DEC-2017

208

207.10

206.50

205.90

205

203

201

199

197

CRUDE OIL

✍ MCX WEEKLY LEVELS
WEEKLY

EXPIRY DATE

R4

R3

R2

R1

PP

S1

S2

S3

S4

ALUMINIUM

29- SEP-2017

143

141

139

137

135

133

131

129

127

COPPER

30- JUN-2017

462

458

454

450

446

442

438

434

430

CRUDE OIL

19-SEP-17

3200

3150

3128

3088

3031

2991

2945

2900

2850

GOLD

05-OCT--2017

31251

31000

30850

30500

30128

29900

29555

29200

29000

LEAD

29- SEP-2017

157.30

156.20

155.10

153.90

152.70

151.2

149.80

149.00

148.30

NATURAL GAS

26-SEP-2017

210

206

202

198

194

190.10

186

182

180

NICKEL

29- SEP-2017

920

898.90

850

800

782

751

735

720

700.10

SILVER

05-JUL-2017

39980

39500

41800

41200

40600

40150

39700

37500

37110

ZINC

29- DEC-2017

171.50

168.50

208

206.50

205

201

197

154.90

152.10

Tuesday 05 September 2017

✍ FOREX DAILY LEVELS
DAILY

EXPIRY DATE

R4

R3

R2

R1

PP

S1

S2

S3

S4

USDINR

27-SEP-17

64.60

64.50

64.40

64.30

64.20

64.10

64.00

63.90

63.80

EURINR

27-SEP-17

77.10

76.90

76.70

76.55

76.33

76.10

75.95

75.80

75.64

GBPINR

27-SEP-17

83.77

83.55

83.33

83.21

82.99

82.80

82.60

82.40

82.20

JPYINR

27-SEP-17

60.20

59.50

59.30

58.90

58.67

58.58

58.49

58.40

58.30

R3

R2

R1

PP

S1

S2

S3

S4

✍ FOREX WEEKLY LEVELS
WEEKLY

EXPIRY DATE

R4

USDINR

27-SEP-17

65.00

64.80

64.60

64.40

64.20

64.00

63.80

63.60

63.40

EURINR

27-SEP-17

77.90

77.50

77.10

76.70

76.33

75.95

75.64

75.40

75.01

GBPINR

27-SEP-17

84.33

83.99

83.77

83.33

82.99

82.60

82.20

81.80

81.40

JPYINR

27-SEP-17

61.00

60.60

60.20

59.30

58.67

58.49

58.30

58.10

57.90

MCX - WEEKLY NEWS LETTERS
✍ INTERNATIONAL UPDATES ( BULLION & ENERGY )
✍ GOLD
Gold prices started the week with a huge leap forward on the back of host of supportive factors for gold at
the moment. Spot gold edged higher towards $1336/ounce, highest in 42 weeks on Monday in Asia after the
North Korean nuclear test over the weekend. Earlier the weaker than expected nonfarm report on Friday
also lifted the gold prices. Nonfarm payrolls in the United States increased by 156 thousand in August of
2017, below a downwardly revised 189 thousand in July and lower than market expectations of 180
thousand. US unemployment rate unexpectedly rose to 4.4 percent in August 2017 from 4.3 percent in the
previous month and above market consensus of 4.3 percent. North Korea on Sunday conducted its sixth and
most powerful nuclear test, which it said was of an advanced hydrogen bomb for a long-range missile,
prompting the threat of a “massive” military response from the United States if it or its allies were
threatened. The University of Michigan's consumer sentiment for the United States stood at 96.8 in August
of 2017, below the preliminary estimate of 97.6 and compared with July's final reading of 93.4.Separtaely,
The Institute for Supply Management’s Manufacturing PMI in the US rose to 58.8 in August of 2017 from
56.3 in July, beating market expectations of 56.5. It is the highest reading since April of 2011 Construction
spending in the US unexpectedly fell 0.6 percent month-on-month to USD 1.21 trillion in July 2017, the
lowest level since October 2016, following an upwardly revised 1.4 percent drop in June and missing
market expectations of a 0.5 percent gain. The non-commercial futures contracts of Gold futures, traded by
large speculators and hedge funds, totaled a net position of 231,047 contracts in the data reported through
Tuesday August 29th. This was a weekly gain of 22,609 contracts from the previous week which had a total
of 208,438 net contracts. The non-commercial futures contracts of Silver futures, traded by large speculators
and hedge funds, totaled a net position of 53,645 contracts in the data reported through Tuesday August
29th. This was a weekly gain of 9,099 contracts from the previous week which had a total of 44,546 net
contracts.
✍ BASE METAL
Base metals complex remained in the green zone by the time of closing of previous session; Nickel was the
top gainer on Friday at LME as well as on MCX futures market. LME Copper hit its highest in three years
in early Asian trading on Monday as investment flowed into industrial metals amid surprisingly robust
global factory growth. Factories across Asia and Europe cranked up production last month as global
demand remained strong, confounding expectations growth may have peaked.  LME Nickel strike highest
since June 2015, up 2.5 percent as steel and its inputs stretched a rally fuelled by expectations that China

will close capacity over winter to clear its smog-choked skies.  Hedge funds and money managers upped
their bullish stance in copper to a fresh record, U.S. government data showed on Friday.  U.S. job growth
slowed more than expected in August after two straight months of hefty increases, but the pace of gains
should be more than enough for the Federal Reserve to announce a plan to start trimming a massive bond
portfolio accumulated as it sought to bolster the economy.
Copper prices on Friday showed upward trajectory and went higher at MCX Future markets by 1.71%
whereas at LME prices went up by 0.7%. Stocks at LME decreased by 2.17% and cancelled warrants
increased massively by 3.55%.Copper hit its highest in three years in early Asian trading on Monday as
investment flowed into industrial metals amid surprisingly robust global factory growth.Hedge funds and
money managers upped their bullish stance in copper to a fresh record, U.S. government data showed on
Friday
Nickel prices on Thursday remained the top performer on LMe as the prices gained around 1.9% at LME
and moved higher by 0.7% in MCX futures market. At LME, Stocks increased by 0.67% on Thursday and
cancelled warrants increased by 0.81%. Chinese rebar steel and iron ore futures gained after the
manufacturing data, continuing a months-long rally that has boosted other industrial metals nickel and zinc.
South Korea's SK Innovation said on Thursday it has started commercial production of lithium-ion batteries
with an increased portion of nickel.
Aluminum prices on Friday posted gains as the prices went higher by 0.9% in LME & went up by 0.63% at
MCX futures market. Stocks increased by 0.03% and cancelled warrants decreased by 0.56%. Aluminum
prices have rallied this year amid burgeoning optimism about consumption in China, as well as the impact
of supply-side reforms. According to the most recent data, China’s July aluminum production was at the
lowest since February 2017. If we exclude February, when production was lower due to the Chinese Lunar
New Year holiday, July’s aluminum production is actually at a one-year low.China accounts for more than
half of the glob
Lead prices on Friday drifted higher by the closing higher at 0.04% in LME trading session and at MCX
prices went up by 0.8%.  As per LME data, stocks at LME declined by 0.17% on Friday & cancelled
warrants also decreased by 0.2%.  The supply side fundamentals are supporting the prices as Chinese
primary lead production in the first seven months of 2017 has decreased by 6.64% y-o-y due to concentrate
supply tightness. Whereas the rise in cancelled warrants last week at LME tracked warehouse shows the
robust demand for the metal. Zinc prices on Friday uprehended as prices went up at MCX future market by
2.32% whereas went same in LME by 1.24%. As per LME data, stocks at LME decreased by 0.06% on
Friday whereas cancelled warrants decreased by 0.11%. Chinese rebar steel gaining currently after the
manufacturing data, continuing a months-long rally that has boosted other industrial metals nickel and zinc.
Zinc’s monthly gain was the biggest in more than two years pushed by bets on tighter supplies and Chinese
demand
✍ ENERGY

Choppiness in likely to continue for short term supported by shutdowns of U.S. production following
Hurricane Harvey, but pressured by expected downturn in crude demand as storm knocked out refineries
along the Gulf of Mexico coast. Department of Energy reported eight U.S. oil refineries with total of 2.1
million bpd, or 11.4% of total U.S. refining capacity, were still shut down. Iran’s oil minister announcement
of OPEC members' compliance with agreement to reduce output to have improved in recent months too
supported prices on lower levels. Markets were nervously eyeing developments in North Korea, where
military conducted its sixth and most powerful nuclear test over weekend, prompting threat of "massive"
military response from US if it or its allies were threatened. Market participants will now shift their focus to
crude oil inventories data that will be released on Thursday.
U.S. crude oil prices edged higher on Monday while gasoline prices slumped to pre-Hurricane Harvey
levels, as oil refineries and pipelines in the U.S. Gulf Coast slowly resumed activity, easing supply
concerns. Damage by Harvey to the oil infrastructure in the Gulf Coast appeared less extensive than some
had feared. A number of major refineries, which convert crude oil to refined products such as gasoline and
jet fuel, were gradually resuming operations on Monday. Colonial Pipeline, the largest American fuel
system, was restarting the distillates segment of its pipeline from Texas to New Jersey. Its gasoline pipeline
was due to resume operations on Tuesday, the company said. At the same time, about 5.5 percent of the U.S.
Gulf of Mexico's oil production, or 96,000 barrels of daily output, remained shut on Sunday, down from a
peak of more than 400,000 bpd last week. European gasoline refining margins dropped by nearly a fifth on
Monday. And while the U.S. government tapped its strategic oil reserves for the first time in five years last
week, the head of the International Energy Agency (IEA) said the global energy watchdog saw no need for a
coordinated international release of oil stocks after Harvey.

MCX TECHNICAL VIEW
GOLD :On the daily chart, MCX Gold prices have given a breakout above the falling channel on the daily
chart. Moreover, COMEX Gold prices have been in a higher top higher bottom formation. Furthermore,
prices have been sustaining above its 25 SMA on the daily chart. In addition, RSI is in positive crossover
and upward trending suggesting the continuation of the current trend for next few days. Therefore, we keep
our bullish view on Gold with an expectation of 30500 levels.

CRUDEOIL
MCX Crude Oil price have found resistance around the reflection point twice. In addition, price slipped
below its range-bound pattern on the daily chart which adds to the bearishness. Moreover, NYMEX crude
is struggling to sustain above $50 mark suggests a capping of upside around $50. Further more price
slipped below 25 SMA on a daily chart. Therefore, we keep our view bearish on MCX Crude and expect
a correction towards 2850 levels in the few trading session.

✍ NCDEX DAILY LEVELS
DAILY

EXPIRY DATE

R4

R3

R2

R1

PP

S1

S2

S3

S4

SYOREFIDR

18-OCT-2017

669

667

665

663

661

659.50

658.00

657.00

656.50

SYBEANIDR

20-SEP-2017

3250

3220

3180

3150

3122

3100

3080

3060

3040

RMSEED

20-SEP-2017

3925

3900

3875

3850

3825

3800

3775

3750

3700

JEERAUNJHA

20-SEP-2017

20750

20500

20250

20000

19725

19500

19250

19000

18750

GUARSEED10

20-SEP-2017

3900

3870

3850

3830

3807

3770

3740

3700

3670

TMC

19-SEP-2017

7890

7826

7776

7700

7678

7550

7402

7350

7300

✍ NCDEX WEEKLY LEVELS
WEEKLY

EXPIRY DATE

R4

R3

R2

R1

PP

S1

S2

S3

S4

SYOREFIDR

18-OCT-2017

677

673

669

665

661

658.00

656.50

654

650.10

SYBEANIDR

20-SEP-2017

3350

3300

3250

3180

3122

3080

3040

3000

2960

RMSEED

20-SEP-2017

4025

3975

3925

3875

3825

3775

3700

3625

3550

JEERAUNJHA

20-SEP-2017

21750

21250

20750

20250

19725

19250

18750

18250

17750

GUARSEED10

20-SEP-2017

4000

3950

3900

3850

3807

3740

3670

3630

3590

TMC

19-SEP-2017

8150

8000

7890

7776

7678

7402

7300

7210

7122


Related documents


PDF Document equity research report 01 february 2016 ways2capital
PDF Document mcx india commodity news 3
PDF Document equity research report 28 december 2015 ways2capital
PDF Document equity research report 14 march 2016 ways2capital
PDF Document equity research report ways2capital 04 april 2016
PDF Document equity research report 04 january 2016 ways2capital 1


Related keywords