1 Morning Newsletter
Morning Newsletter (28th– Sep- 2017)
2
Gold prices fell in Asia as the dollar showed gains, making the
commodity priced in greenbacks more expensive for key buyers in
countries such as China and India.
DATA Watch: JAPAN BOJ Gov Kuroda Speaks, US Final GDP q/q,
US Unemployment Claims, US FOMC Member Fischer Speaks.
Precious Metals
28th-Sep-2017
Morning Newsletter
MCX GOLD Daily Chart
GOLD Commentary
Intraday View
Near term View
MCX SILVER Daily Chart SILVER Commentary
Silver has witnessed a negative momentum trade.
DATA Watch: JAPAN BOJ Gov Kuroda Speaks, US Final GDP q/q,
US Unemployment Claims, US FOMC Member Fischer Speaks.
Strategy Corner:
Buy GOLD above 29744 TGT 29809 / 29885 SL 29658
Sell GOLD below 29573 TGT 29507 / 29432 SL 29658
Strategy Corner:
Buy SILVER above 39856 TGT 39920 / 40012 SL 39732
Sell SILVER below 39608 TGT 39545 / 39451 SL 39732
Intraday View
Near term View
3
Crude oil prices fell in Asia with the markets still supported by
supply and demand fundamentals and with the U.S. market eyed
for fresh demand cues if the Trump administration manages to
pass a massive tax cut.
DATA Watch: JAPAN BOJ Gov Kuroda Speaks, US Final GDP q/q,
US Unemployment Claims, US FOMC Member Fischer Speaks.
Energy
31st-July-2017
Morning Newsletter
MCX CRUDE OIL Daily Chart
CRUDE OIL Commentary
MCX NATURAL GAS Daily Chart NATURAL GAS Commentary
Natural Gas has witnessed a high volatility trade due to storage
data.
DATA Watch: US Natural Gas Storage.
Strategy Corner:
Buy CRUDE OIL above 3434 TGT 3444 & 3455 SL 3416
Sell CRUDE OIL below 3398 TGT 3388 & 3377 SL 3416
Strategy Corner:
Buy NG above 203.7 TGT 205 & 206.6 SL 201.8
Sell NG below 199.9 TGT 198.6 & 197 SL 201.8
Intraday View
Near term View
Intraday View
Near term View
Energy
28th-Sep-2017
4
Copper has witnessed a negative range bound trade.
DATA Watch: EUR German Prelim CPI m/m, JAPAN BOJ Gov Ku-
roda Speaks, EUR Spanish Flash CPI y/y, GBP BOE Gov Carney
Speaks, US Final GDP q/q, US Unemployment Claims, US FOMC
Member Fischer Speaks.
Base Metals
31st-July-2017
Morning Newsletter
MCX COPPER Daily Chart
COPPER Commentary
MCX ALUMINIUM Daily Chart ALUMINIUM Commentary
Aluminium has witnessed a negative range bound trade.
DATA Watch: EUR German Prelim CPI m/m, JAPAN BOJ Gov Ku-
roda Speaks, EUR Spanish Flash CPI y/y, GBP BOE Gov Carney
Speaks, US Final GDP q/q, US Unemployment Claims, US FOMC
Member Fischer Speaks.
Strategy Corner:
Buy COPPER above 427.55 TGT 428.55 / 429.85 SL 425.95
Sell COPPER below 424.35 TGT 423.35 / 422.05 SL 425.95
Strategy Corner:
Buy ALUMINIUM above 138.65 TGT 138.95 & 139.35 SL 138.15
Sell ALUMINIUM below 137.65 TGT 137.35 & 136.95 SL 138.15
Intraday View
Near term View
Intraday View
Near term View
Base Metals
28th-Sep-2017
5
Lead has witnessed a negative range bound trade.
DATA Watch: EUR German Prelim CPI m/m, JAPAN BOJ Gov Ku-
roda Speaks, EUR Spanish Flash CPI y/y, GBP BOE Gov Carney
Speaks, US Final GDP q/q, US Unemployment Claims, US FOMC
Member Fischer Speaks.
Base Metals
31st-July-2017
Morning Newsletter
MCX LEAD Daily Chart LEAD Commentary
MCX ZINC Daily Chart ZINC Commentary
Zinc has witnessed a negative range bound trade.
DATA Watch: EUR German Prelim CPI m/m, JAPAN BOJ Gov Ku-
roda Speaks, EUR Spanish Flash CPI y/y, GBP BOE Gov Carney
Speaks, US Final GDP q/q, US Unemployment Claims, US FOMC
Member Fischer Speaks.
MCX NICKEL Daily Chart NICKEL Commentary
Nickel has witnessed a negative range bound trade.
DATA Watch: EUR German Prelim CPI m/m, JAPAN BOJ Gov Ku-
roda Speaks, EUR Spanish Flash CPI y/y.
Strategy Corner:
Buy LEAD above 161.8 TGT 162.35 & 163 SL 161.05
Sell LEAD below 160.3 TGT 159.75 & 159.1 SL 161.05
Strategy Corner:
Buy ZINC above 208.1 TGT 208.95 & 209.9 SL 207.05
Sell ZINC below 206 TGT 205.15 & 204.2 SL 207.05
Strategy Corner:
Buy NICKEL above 678.1 TGT 683.8 & 690.5 SL 670.4
Sell NICKEL below 662.7 TGT 657 & 650.3 SL 670.4
Intraday View
Near term View
Intraday View
Near term View
Intraday View
Near term View
Base Metals
28th-Sep-2017
6 Morning Newsletter
SUPPORTS & RESISTANCES
Commodity S3 S2 S1 Pivot Point R1 R2 R3
GOLD 29432 29507 29583 29658 29734 29809 29885
GOLDM 29448 29523 29598 29673 29748 29823 29898
SILVER 39451 39545 39638 39732 39826 39920 40013
SILVERM 39509 39594 39678 39763 39848 39933 40017
ALUMINIUM 136.95 137.35 137.75 138.15 138.55 138.95 139.35
COPPER 422.05 423.35 424.65 425.95 427.25 428.55 429.85
LEAD 159.1 159.75 160.4 161.05 161.7 162.35 163
ZINC 204.2 205.15 206.1 207.05 208 208.95 209.9
NICKEL 650.3 657 663.7 670.4 677.1 683.8 690.5
CRUDE OIL 3377 3390 3403 3416 3429 3442 3455
NATURAL GAS 197 198.6 200.2 201.8 203.4 205 206.6
Morning Newsletter
31st-July-2017
ECONOMIC CALENDER
Country Economic Event Forecast Previous Time
EUR German Prelim CPI m/m 0.1% 0.1% All Day
JAPAN BOJ Gov Kuroda Speaks - - 12.05 PM
EUR Spanish Flash CPI y/y 1.8% 1.6% 12.30 PM
GBP BOE Gov Carney Speaks - - 1.45 PM
US Final GDP q/q 3.0% 3.0% 6.00 PM
CANADA Unemployment Claims 269K 259K 6.00 PM
US Natural Gas Storage 77B 97B 8.00 PM
Pivot Table & Economic Calendar
28th-Sep-2017
7
RESEARCHED & PREPARED BY
B.KESAVAMOORTHY— SENIOR MANAGER (RESEARCH )
CONTACT NO: 0422-4700840
EMAIL ID: [email protected]
LAL’S
Disclaimer
This report is for the personal information of the authorized recipient and is not for public distribution The information provided in the document
is from information /data. available in public domain and other sources, which we believe, are reliable. We have made our best efforts to try and
ensure accuracy of data however, Sky Commodities and/or any of its affiliates and/or employees shall not liable for resultant loss or damage that
may arise from use of this document Sky Commodities and/or any of its affiliates and/or employees may or may not hold positions in any of the
securities mentioned in the document. Investors should not solely rely on the information contained in this document and must make
investment decisions based on their own investment objectives, risk appetite, investment horizon, financial strength or other parameter. The
recipients of this material should take their own professional advice or consult your SEBI registered Investment Adviser for your specific
Investment related advice/requirements and/or before acting on this information. The report also includes analysis and views expressed by our
research team. The report is purely for information purposes and does not construe to be investment recommendation/advice or an offer or
solicitation of an offer to buy/sell any securities. The opinions expressed are our current opinions as of the date appearing in the material and
may be subject to change from time to time without notice. This report is not directed or intended for distribution to, or use by, any person or
entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability
or use would be contrary to local law, regulation or which would subject Sky Commodities and affiliates to any registration or licensing require-
ment within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to certain category of in-
vestors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction.
Morning Newsletter
Morning Newsletter
31st-July-2017
Disclaimer
28th-Sep-2017
Top Related