4 Sept to 8 Sept

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4 to 8 Sep. 2017

Monday-Friday

COMMODITY WEEKLY REPORT

4 Sept to 8 Sept

2

COMMODITIES PREVIOUS WEEK

MCX 25-8-2017

CLOSING PRICE

1-9-2017

CLOSING PRICE

VALUE

CHANGED % CHANGED

GOLD (OCT.) 29162 29816 654 2.24%

SILVER (SEP.) 39014 40950 1936 4.96%

CRUDE OIL (SEP.) 3060 3022 -38 -1.24%

NATURAL GAS (SEP.) 185.10 196.90 11.8 6.37%

COPPER (NOV.) 427.60 442.10 14.5 3.39%

NICKEL (SEP.) 730.40 774 43.6 5.97%

LEAD (SEP.) 147.35 152.70 5.35 3.63%

ZINC (SEP.) 195.65 204.75 9.1 4.65%

ALUMINIUM (AUG.) 131.30 135.85 4.55 3.47%

4 Sept to 8 Sept

3

FUNDAMENTAL VIEW:- Gold prices remained close to nine-and-a-half-month highs last week, shrugging off a rebound in the dollar, as a

weak nonfarm payrolls report fuelled demand for the precious metal. Gold futures for December delivery on the Comex division of the

New York Mercantile Exchange rose $7.64, or 0.58%, to $1,329.25 a troy ounce. Gold pared some its gains, following its move to a nine-and

-half-month high, as market participants downplayed the impact weak job and wage growth in August could have on the Federal Reserve’s

plans to hike rates later this year.

TECHNICAL VIEW:- MCX Gold last week was in bullish trend and given good resistance breakout and closed above its important level of

29800. For upcoming week it may continue its upward rally. It has major resistance level of 30000 if its price manages above this level

then it may give good upside movement and test next resistance level of 30500. On downward side it has crucial support level of 29400 if

it has sustain below this level then its price may drag down towards next support level of 29000.

GOLD (OCT)

WEEKLY

R3 31170

R2 30400

R1 30100

Pivot 29640

S1 29350

S2 28880

S3 28100

WEEKLY

OPEN 29195

HIGH 29937

LOW 29173

CLOSE 29816

CHANGE 654

%

CHANGE 2.24%

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

BUY IN RANGE 29600-650 30100 30600 29200

SELL BELOW 29200 28850 28300 29650

4 Sept to 8 Sept

4

FUNDAMENTAL VIEW:- .The precious metal is currently trading at $17.71 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 week was in bullish trend and given good trend line breakout and manages its higher level. For up-

coming week if its price manages to hold above its major psychological resistance level of 41000 then it may give good upside movement

and test next resistance level of 42000. On downward side it has crucial support level of 39800 if its price sustains below this level then it

may go towards next support level of 38500.

WEEKLY

R3 43050

R2 41800

R1 41380

Pivot 40540

S1 40100

S2 39230

S3 37900

WEEKLY

OPEN 39729

HIGH 40970

LOW 39698

CLOSE 40950

CHANGE 1936

% CHANGE 4.96%

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

BUY IN RANGE 40500-40600 41300 42000 39800

SELL BELOW 39800 39300 38500 40600

SILVER (SEP)

4 Sept to 8 Sept

5

FUNDAMENTAL VIEW:- Crude futures settled modestly higher last week, but posted a weekly loss, as the shutdown of several refiner-

ies in the wake of tropical storm Harvey weighed on refinery activity reducing demand for oil. crude for Oct delivery rose 6 cents to settle

at $47.29 a barrel, while on London's Intercontinental Exchange, Brent sank 27 cents to trade at $29 a barrel. Exactly a week after Tropical

Storm Harvey crossed the Gulf of Mexico off Port O'Connor, Texas, nearly a quarter of U.S. refining capacity has been taken offline, repre-

senting roughly 4.4 million barrels per day, weighing on demand for crude oil, the primary input at refineries.

TECHNICAL VIEW:- MCX Crude oil last week was trading under a tight range. On upward side it has taking resistance of its trend line

which is near to its major resistance of 3070, if its price manages above this level than can see good upside movement towards next re-

sistance level of 3200. On downward side it has crucial support level of 2920 below this level it can continue its down ward trend and test

its next support level of 2800.

CRUDE (SEPT)

WEEKLY

R3 3260

R2 3130

R1 3075

Pivot 3005

S1 2950

S2 2880

S3 2750

WEEKLY

OPEN 3059

HIGH 3059

LOW 2935

CLOSE 3022

CHANGE -38

% CHANGE -1.24%

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

BUY IN RANGE 2990-3000 3070 3150 2930

SELL BELOW 2930 2850 2750 3000

4 Sept to 8 Sept

6

FUNDAMENTAL VIEW:- Copper prices jumped to the highest in nearly three years, pushing this month's gains to 7.5%, after a better than

expected reading on Chinese manufacturing raised the outlook for continued strong demand. The Chinese factory data was “just another

bullish story to throw into the pool of bullish sentiment that we have for base metals," ING analyst Warren Patterson says while cautioning

that prices are moving away from fundamentals as speculative investors pour into base metals.

TECHNICAL VIEW:- MCX Copper last week was in bullish trend. It has given good resistance break out above closed above this level. For

upcoming week its price manages above its resistance level of 435 then it may continue its upward journey and test next resistance level of

440. On downward side it has crucial support level of 430 if its price breaches it and sustain below this level then it may test next support

level of 415.

COPPER (AUG)

WEEKLY

R3 463

R2 450

R1 446

Pivot 437

S1 433

S2 424

S3 411

WEEKLY

OPEN 429.25

HIGH 442.25

LOW 429.20

CLOSE 442.10

CHANGE 14.5

% CHANGE 3.39%

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

BUY IN RANGE 437-440 446 451 430

SELL BELOW 430 423 410 440

4 Sept to 8 Sept

7

FUNDAMENTAL VIEW:- U.S. natural gas futures were lower last week, holding on to losses despite data showed that domestic supplies in

storage increased less than expected last week. U.S. natural gas for October delivery was at $2.929 per million British thermal units by

10:35AM ET (1435GMT), down 1.0 cent, or around 0.3%. Futures were at around $2.935 prior to the release of the supply data.

TECHNICAL VIEW:- This week Natural gas will be in sideways trend, as in last week it was closed around 196.90 and this week it

was opened at 196.10 This is the main reason it was UP around 202 , and hence we can see it upwards. However, if it gives the break

out level of 200 , we can sell it for more downside till 195 if it gives the break out to more downward level.

NATURAL GAS (AUG)

WEEKLY

R3 219

R2 206

R1 202

Pivot 193

S1 188

S2 179.50

S3 166.50

WEEKLY

OPEN 188.70

HIGH 197.70

LOW 184.60

CLOSE 196.90

CHANGE 11.8

% CHANGE 6.37%

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

BUY IN RANGE 190-193 196 205 184

SELL BELOW 184 178 170 193

4 Sept to 8 Sept

8

STATUS OF OUR LAST WEEKLY RECOMMENDATIONS

RECOMMENDATIONS PROFIT/LOSS STATUS

BUY GOLD ON DIPS 28925-28980 TGT-29500-3000 SL BELOW 28500 50000 1ST TGT ALMOST HIGH 29443

SELL GOLD BELOW 28500 TGT-28000-27500 SL ABOVE-29000 0 NOT EXECUTED

BUY SILVER ON DIPS 38500-800 TGT-40200-41500 SL BELOW-37500 16800 CLOSE PROFIT 39063

SELL BELOW 37500 TGT-36000-35500 SL ABOVE 38800 0 NOT EXECUTED

BUY OCRUDEOIL ABOVE 3150 TGT-3220-330 SL BELOW 3050 0 NOT EXECUTED

SELL CRUDEOIL BELOW 3050 TGT-2950-2800 SL ABOVE 3150

-5600 CLOSE LOSS

BUY COPPER IN RANGE 409-412 TGT– -418-425 SL BELOW 404 9000 1ST TGT

SELL COPPER BELOW 404 TGT-398-325 SL ABOVE 412

10000 NOT EXECUTED

BUY NATURALGAS IN RANGE 187-190 TGT-200-210 SL BELOW 180 -1125 CLOSE LOSS

NOT GIVEN SELL NATURALGAS 0 0

P&L 80200 PROFIT BOOKED

4 Sept to 8 Sept

9

ECONOMIC CALENDER

Time Cur. Event Forecast Previous

Monday, September 4, 2017

All Day United States - Labor Day

11:00 USD Investing.com Gold Index 64.50%

11:00 USD Investing.com S&P 500 Index 61.80%

Tuesday, September 5, 2017

19:30 USD Factory Orders (MoM) (Jul) -3.20% 3.00%

Wednesday, September 6, 2017

18:00 USD Trade Balance (Jul) -44.60B -43.60B

19:15 USD Markit Composite PMI (Aug) 56

19:15 USD Services PMI (Aug) 56.9

19:30 USD ISM Non-Manufacturing Employment (Aug) 53.6

19:30 USD ISM Non-Manufacturing PMI (Aug) 55.3 53.9

23:30 USD Beige Book

Thursday, September 7, 2017

18:00 USD Nonfarm Productivity (QoQ) (Q2) 1.00% 0.90%

18:00 USD Unit Labor Costs (QoQ) (Q2) 0.50% 0.60%

20:30 USD Crude Oil Inventories -5.392M

20:30 USD Cushing Crude Oil Inventories 0.689M

Friday, September 8, 2017

19:30 USD Wholesale Inventories (MoM) (Jul) 0.40%

4 Sept to 8 Sept

10

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