PDF Archive

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

Share a file Manage my documents Convert Recover PDF Search Help Contact



Commodity Research Report 11 December 2017 Ways2Capital .pdf


Original filename: Commodity Research Report 11 December 2017 Ways2Capital.pdf
Title: COMMODITY CALLS OF THE WEEK
Author: w2c

This PDF 1.4 document has been generated by Writer / LibreOffice 3.5, and has been sent on pdf-archive.com on 11/12/2017 at 11:11, from IP address 111.118.x.x. The current document download page has been viewed 129 times.
File size: 778 KB (16 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-DEC-2017

134

132.50

131

130.20

129.50

128.70

128

126.50

125

COPPER

28- FEB-2018

441.40

436.80

432.20

430

427.60

425.30

423

418.40

413.80

CRUDE OIL

18-DEC-2017

4033

3913

3793

3742

3674

3622

3559

3433

3313

GOLD

05-FEB -2018

29088

28900

28730

28630

28550

28460

28370

28190

28010

LEAD

29-DEC-2017

168.40

164.80

161.25

159.0

157.80

156.20

154.10

150.60

147.10

NATURAL GAS

26-DEC-2017

192.80

188.60

184.50

182.30

180.20

178

176.10

171.80

167.70

NICKEL

29-DEC-2017

750

735

721

713

706

699

693

679

665

SILVER

05-MAR-2018

38043

37710

37377

37216

37050

36883

36711

36380

36040

ZINC

29-DEC-2017

205.60

203.50

201.50

200

199.20

198.30

197.40

195.40

793.30

Monday 11 December 2017

✍ MCX WEEKLY LEVELS
WEEKLY

EXPIRY DATE

R4

R3

R2

R1

PP

S1

S2

S3

S4

ALUMINIUM

29-DEC-2017

145.10

140.25

135.40

132.50

130.55

127.55

1125.50

120.85

116

COPPER

28- FEB-2018

509

480

456

441

432

418

408

385

361

CRUDE OIL

18-DEC-2017

4120

3974

3828

3760

3660

3610

3536

3390

3244

GOLD

05-FEB -2018

31155

30326

29557

29045

28770

28246

27960

27160

26360

LEAD

29-DEC-2017

189.70

179.70

169.80

164

160.50

154.10

149.90

139.90

130.10

NATURAL GAS

26-DEC-2017

258

234.60

210.70

195.30

186

171

162.90

139

115

NICKEL

29-DEC-2017

856

808

761

733

713

685

665

617

570

SILVER

05-MAR-2018

42030

40500

38970

38015

37450

36480

35900

34390

32853

ZINC

29-DEC-2017

234

223.70

213.10

206.10

202.30

195.10

191.60

180.90

170.20

✍ FOREX DAILY LEVELS
DAILY
USDINR

EXPIRY DATE
27-DEC-17

R4

R3

R2

R1

PP

S1

S2

S3

65.6150

65.25

64.900

64.700

64.550

00

0

0

S4

64.350

64.200

63.850

0

0

0

0

63.4850

EURINR

27-DEC-17

79.61

78.50

77.35

76.65

76.25

75.55

75.15

74.00

72.89

GBPINR

27-DEC-17

88.2250

87.85

87.500

87.250

87.100

86.900

86.750

86.350

85.9750

00

0

0

0

0

0

0

78.50

77.350

76.650

76.250

75.550

75.150

74.000

00

0

0

0

0

0

0

R3

R2

R1

PP

S1

S2

S3

S4

64.9500

64.7500

64.6500

64.60

64.500

64.450

64.250

64.10

00

0

0

0

50

JPYINR

27-DEC-17

79.6025

72.8975

✍ FOREX WEEKLY LEVELS
WEEKLY

EXPIRY DATE

USDINR

27-DEC-17

R4
65.0950

EURINR

27-DEC-17

77.17

GBPINR

27-DEC-17

88.2250

JPYINR

27-DEC-17

58.9950

76.80

76.40

76.15

76.00

75.75

75.60

75.20

74.83

87.8500

87.5000

87.2500

87.10

86.900

86.750

86.350

85.97

00

0

0

0

50

57.15

56.750

56.550

55.900

55.30

00

0

0

0

50

58.4000

57.7500

57.4000

MCX - WEEKLY NEWS LETTERS
✍ BULLION
Last week, spot gold prices declined by 2.5% while MCX gold prices declined by 3 percent. Gold prices
declined to a four month low in the past week on optimism about passage of tax overhaul in the US.
Although, the investment demand has seen uptick in the recent months with global holdings of gold-backed
exchange-traded funds (ETF) rising by 9.1 tonnes to 2,357 tonnes in November, with the net inflows
coming entirely from Europe, gold prices are moving lower on the assumption that rate hike in the FOMC
meeting scheduled on 13-14th December will be as per market expectations. Besides, India's gold imports
in November nearly halved from a year ago as a rise in the price of the yellow metal curbed retail buying
for weddings in turn lower prices for gold.
Spot silver prices declined 3.6 percent to close at $15.8 per ounce in line with decline in gold prices coupled
with stronger dollar index. Weak base metals pack also exerted downside pressure on the metal. ON the
MCX, silver prices declined 2.3 percent to close at Rs.37057 per kg
SPDR Gold Trust GLD, the world's largest gold-backed exchanget raded fund, said its holdings stood at
842.81 tonnes, remain unchanged from previous business day.
Holdings of the largest silverbacked exchange-traded-fund (ETF), New York's iShares Silver Trust SLV,
stood at 10088.59 up 46.96 tonnes, from previous business day.

✍ BASE METAL
Copper prices witnessed their worst one day fall as passage of US tax bill by both houses increased bets of
reform sooner than expected, thereby boosting DX to highest since 2nd Oct’17. Also, sudden surge of more
than 5 percent in LME warehouses in a day led to investors’ doubts regarding market tightness. However,
Chinese imports data came to the rescue as arrivals of unwrought copper surged in November’17 to
470,000 tonnes, 42.3 percent from 330,000 tonnes in October’17 and up 23.7 percent from 380,000 tonnes
in November’16 as stringent output curbs in the mainland nation boosted shipments of overseas metal.

Base metals traded mostly lower last week as investors take profit off the table cashing in gains for most of
the year’s rally. Copper, Nickel, Aluminium, Lead have all fallen by more than 3 percent in the past week.
MCX base metals traded lower in line with international trends.

✍ ENERGY
WTI and MCX oil prices traded lower last week by 3 percent respectively on profit booking at higher
levels. Sharp rise in U.S. inventories of refined fuel suggested demand may be flagging, while U.S. crude
production hit another weekly record.
Saudi Arabia, the world's top oil exporter, will supply full contractual volumes of crude to a North Asian
refiner in January, unchanged from the previous month, a source with direct knowledge of the matter said
on Monday.
Kuwait's oil minister Essam alMarzouq said on Sunday that OPEC and other oil producers will study before
June the possibility of an exit strategy from the global oil supply-cut agreement.
President Vladimir Putin said on Friday that Russia was ready to sell gas to Saudi Arabia after he launched
the first loading of liquefied natural gas (LNG) at the Novatek-led Yamal LNG project in the Arctic.

MCX TECHNICAL VIEW
✍ COPPER
In this week, Copper prices will continue to be under pressure as global investors will closely watch FOMC
and ECB monetary policy meeting for cues on future course. Also, China industrial production and retail
sales are due on 14th Dec’17. We expect copper prices to fall even in today’s session, international markets
are trading marginally higher by 0.11 percent at $6578.50 per tonne.
SELL COPPER FEB BELOW 423 TGT 413 SL 428

✍ ZINC
The primary trend is bearish on daily basis as displayed. As we can see the previous chart market price on
its important support level and we are expecting market can break it support level. It’s facing near
resistance level at Rs. 202 and support level at Rs. 198.50 .Below the support level we can see the next
target near of Rs. 196 and Rs. 195. Investors can follow the sell on higher level strategy for intra day to
mid term basis. Apart from this above the resistance level could see a test of level 205.
SELL ZINC DEC BELOW 198.50 TGT 195.80 SL 200.10

✍ NCDEX DAILY LEVELS
DAILY

EXPIRY DATE

R4

R3

R2

R1

SYOREFIDR

19-JAN-2018

747.20

739.65

732.1

727.60

SYBEANIDR

19-JAN-2018

3229

3194

3159

RMSEED

19-JAN-2018

4175

4121

JEERAUNJHA

19-JAN-2018

22750

GUARSEED10

19-JAN-2018

TMC

20-APR-2018

PP

S1

S2

S3

S4

742.50

720.10

716.80

709.50

701.70

3142

3124

3105

3089

3054

3019

4067

4041

4013

3987

3959

3905

3851

22350

21950

21780

21500

21300

21150

20750

20350

4248

4110

3972

3922

3834

3784

3696

3558

3420

7840

7698

7556

7485

7410

7473

7272

7130

6988

✍ NCDEX WEEKLY LEVELS
WEEKLY

EXPIRY

R4

R3

R2

R1

PP

S1

S2

S3

S4

DATE
SYOREFIDR

19-JAN-2018

812.90

785.60

758.30

740.80

730.80

713.50

703.70

676.70

650

SYBEANIDR

19-JAN-2018

3320

3256

3193

3159

3130

3096

3067

3004

2941

RMSEED

19-JAN-2018

4659

4459

4260

4137

4061

3938

3862

3663

3464

JEERAUNJHA

19-JAN-2018

25050

23960

22870

22190

21780

21140

20650

19600

18510

GUARSEED10

19-JAN-2018

4650

4329

4133

4003

3860

3744

3615

3356

3097

TMC

20-APR-2018

8252

7970

7688

7551

7400

7269

7124

6842

6560


Related documents


commodity research report 11 december 2017 ways2capital
commodity research report 27 november 2017 ways2capital
commodity report ways2capital 16 may 2016
commodity research report 31 july 2017 ways2capital
commodity research report 18 january 2016 ways2capital
commodity research report 24 august 2015 ways2capital


Related keywords