18 Sept to 22 Sept

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18 to 22 Sep. 2017

Monday-Friday

COMMODITY WEEKLY REPORT

18 Sept to 22 Sept

2

COMMODITIES PREVIOUS WEEK

MCX 9-9-2017

CLOSING PRICE

15-9-2017

CLOSING PRICE

VALUE

CHANGED % CHANGED

GOLD (OCT.) 30296 29860 -436 -1.44%

SILVER (DEC) 41595 40808 -787 -1.89%

CRUDE OIL (OCT.) 3043 3192 149 4.90%

NATURAL GAS (SEP.) 185.50 193.90 8.4 4.53%

COPPER (NOV.) 431.40 419.95 -11.45 -2.65%

NICKEL (SEP.) 733.70 710.80 -22.9 -3.12%

LEAD (SEP.) 143.80 150.40 6.6 4.59%

ZINC (SEP.) 194.10 194.95 0.85 0.44%

ALUMINIUM (SEP.) 132.75 132.40 -0.35 -0.26%

18 Sept to 22 Sept

3

FUNDAMENTAL VIEW:- Speculators Less Bearish on Sterling, Yen; Gold Net Longs at 1-Year HighGold prices fell as investors shrugged

off a rise in geopolitical uncertainty that followed after North Korea launched a missile over Japan last week while growing expectations

that the Federal Reserve will hike rates later this year kept the precious metal on track for a weekly loss. Gold futures for December deliv-

ery on the Comex division of the New York Mercantile Exchange fell by $2.91, or 0.22%, to $1,326.39 a troy ounce.

TECHNICAL VIEW:- MCX Gold last week was in sideways to bearish trend, for upcoming week if its price break 50% retracement level

which is near to its major support level of 29600, then its price may drag down towards next support level of 29000. On upward side it is

taking resistance of 61.8% retracement which is near to its 30250 if its price hold above this level then it can give good upside movement

and test next resistance level of 30700.

GOLD (OCT)

WEEKLY

R3 30800

R2 30350

R1 30100

Pivot 29940

S1 29680

S2 29500

S3 29070

WEEKLY

OPEN 30200

HIGH 30200

LOW 29765

CLOSE 29860

CHANGE 480

%

CHANGE 1.61%

GOLD (OCT) LEVEL TGT-1 TGT-2 STOP LOSS

BUY IN RANGE 29860-940 30100 30350 29650

SELL BELOW 29650 29450 29050 29860

18 Sept to 22 Sept

4

FUNDAMENTAL VIEW:- .The precious metal is currently trading at $17.65 around, relatively close to key support. Silver Futures has

been relatively volatile over the past few weeks, but despite the recent pullback from the high at $17. it could be getting set to rally again

Any further downside moves would need to surpass this level but downside risks are easing. The daily chart shows a relatively clear short

term, rising trend line, implying support in the coming weeks more.

TECHNICAL VIEW:- . MCX Silver last was moving under tight rang with negative biasness. For upcoming week if its price sustain below

38.02% retracement level which is near to its major support level of 40400 then it can drag down towards next support level of 39500. On

another side it has important resistance level of 41600 if its price manages to hold this level then it may move towards next resistance lev-

el of 42400 .

WEEKLY

R3 42750

R2 41900

R1 41350

Pivot 41050

S1 40500

S2 40150

S3 39300

WEEKLY

OPEN 41250

HIGH 41590

LOW 40731

CLOSE 40808

CHANGE 645

% CHANGE 1.58%

SILVER(DEC.) LEVEL TGT-1 TGT-2 STOP LOSS

BUY IN RANGE 40850-41000 41500 41900 40500

SELL BELOW 40500 40100 39300 41000

SILVER (DEC)

18 Sept to 22 Sept

5

FUNDAMENTAL VIEW:- Crude oil prices were hovering near recent highs last week, as expectations for higher demand and news of a

decline in global supplies continued to lend support to the commodity. The U.S. West Texas Intermediate crude October contract was at

$49.84 a barrel by 06:30 a.m. ET (10:30 GMT), not far from Thursday's four-month peak of $50.49. Elsewhere, Brent oil for November de-

livery on the ICE Futures Exchange in London was at $55.48 a barrel, just off the previous sessions' five-month high of $55.98

TECHNICAL VIEW:- MCX Crude Oil last week was in has given resistance trend line break out and holds it upper level which indicate fur-

ther good upside movement. 3250 is major resistance if its price manages above this level then it can give more upside movement and test

next resistance level of 3370. On another side it has crucial support level of 3080 if its price sustains below this level then it may drag

down towards next support level of 2980.

CRUDE (SEPT)

WEEKLY

R3 3615

R2 3380

R1 3285

Pivot 3150

S1 3050

S2 2915

S3 2680

WEEKLY

OPEN 3060

HIGH 3243

LOW 3010

CLOSE 3192

CHANGE 21

% CHANGE 0.69%

CRUDE (OCT.) LEVEL TGT-1 TGT-2 STOP LOSS

BUY IN RANGE 3150-70 3270 3350 3050

SELL BELOW 3050 2920 2650 3170

18 Sept to 22 Sept

6

FUNDAMENTAL VIEW:- Copper prices have fallen in two of the last three sessions, and some analysts foresee the potential for more tur-

bulence ahead for the commodity that hit three-year highs just a week ago. Some commodity watchers caution that bets by hedge funds

and other speculative investors are behind much of copper's rally, which could lead to a sharp pullback if more traders start taking their

chips off the table.

TECHNICAL VIEW:- MCX Copper last week was in continuously down trend after given trend line breakout. For upcoming week it may

continue its down trend. It has major support level of 415 if its price sustain below this level then it can give further good down side move-

ment and test next support level of 400. On upward side 430 is major resistance level if its price holds this level then we can expect trend

reversal and test next resistance level of 445.

COPPER (NOV)

WEEKLY

R3 462.50

R2 443.50

R1 431.50

Pivot 424.50

S1 412.50

S2 405.50

S3 386.50

WEEKLY

OPEN 432.55

HIGH 436.55

LOW 417.60

CLOSE 419.95

CHANGE -10.7

% CHANGE -2.42%

COPPER (NOV) LEVEL TGT-1 TGT-2 STOP LOSS

BUY IN RANGE 423-424 431 445 412

SELL BELOW 412 406 399 424

18 Sept to 22 Sept

7

FUNDAMENTAL VIEW:- U.S. industrial output fell in August for the first time since January as Hurricane Harvey battered oil, gas and

chemical plants along the Gulf Coast and a cool summer sapped utility demand in the east, the Federal Reserve said last week. Overall in-

dustrial production fell 0.9 percent over the month after a July increase revised upward to 0.4 percent.

TECHNICAL VIEW:- Last week Natural gas hold strong support of 185.60 level, This week it was closed around 193.90 and this

week it was opened at 194.40 This is the main reason it was UP around 201 , and hence we can see it upwards. However, if it gives the

break out level of 201 , otherwise we can sell it for more downside till 199 if it gives the break out to more downward level.

NATURAL GAS (SEP)

WEEKLY

R3 220.50

R2 206.50

R1 200

Pivot 193

S1 186

S2 179

S3 165

WEEKLY

OPEN 187.10

HIGH 199.50

LOW 185.80

CLOSE 193.90

CHANGE -11.4

% CHANGE -5.79%

N.GAS(SEP.) LEVEL TGT-1 TGT-2 STOP LOSS

BUY IN RANGE 190-193 196 205 184

SELL BELOW 184 178 170 193

18 Sept to 22 Sept

8

STATUS OF OUR LAST WEEKLY RECOMMENDATIONS

RECOMMENDATIONS PROFIT/LOSS STATUS

BUY GOLD IN RANGE 29600-TGT-650-30100-30600 SL BELOW-29200 0 NOT EXECUTED

SELL GOLD BELOW 29200 TGT-28850-28300 SL ABOVE 29650 0 NOT EXECUTED

BUY SILVER IN RANGE 40500, TGT40600-41300 -42000 SL BELOW-39800

42810 2ND TGT ALMOST 41927

SELL SILVER BELOW 39800 TGT- 39300-38500 SL ABOVE - 40600 0 NOT EXECUTED

BUY CRUDEOIL IN RANGE 2990-3000-TGT 3070-3150 SL BELOW 2930 0 NOT EXECUTED

SELL CRUDEOIL BELOW 2930 TGT -2850-2750 SL ABOVE-3000 0 NOT EXECUTED

BUY COPPER IN RANGE 437-440 TGT- 446-451 SL BELOW-430 14000 2ND TGT

SELL COPPER BELOW 430 TGT-423-410 SL ABOVE-440 0 NOT EXECUTED

BUY NATURALGAS IN RANGE 190-193 TGT-196-205 SL BELOW 184 7000 2ND TGT 195.60

SELL NATURALGAS BELOW 184 TGT-178 -170 SL ABOVE-193 0 NOT EXECUTED

TOTAL PROFIT 63810

18 Sept to 22 Sept

9

ECONOMIC CALENDER

Time Event Forecast Previous

Monday, September 18, 2017

11:00 Gold Index 64.20%

11:00 S&P 500 Index 51.80%

Tuesday, September 19, 2017

18:00 Export Price Index (MoM) (Aug) 0.20% 0.40%

18:00 Housing Starts (Aug) 1.175M 1.155M

18:00 Housing Starts (MoM) (Aug) -4.80%

18:00 Import Price Index (MoM) (Aug) 0.30% 0.10%

Wednesday, September 20, 2017

20:00 Crude Oil Inventories 5.888M

20:00 Cushing Crude Oil Inventories 1.023M

23:30 Fed Interest Rate Decision

Thursday, September 21, 2017

18:00 Initial Jobless Claims 300K 284K

18:00 Philly Fed Employment (Sep) 10.1

20:00 Natural Gas Storage 91B

Friday, September 22, 2017

19:15 Manufacturing PMI (Sep) 53 52.8

19:15 Services PMI (Sep) 56 56

18 Sept to 22 Sept

10

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