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Market Wrap-Up
Copper 30-Nov-18 456.55 454.05 464.40 447.50 459.55 0.66% -2.78% 4.95%
Crude Oil 19-Oct-18 5,546 5,473 5,595 5,211 5,243 -5.46% -15.90% -48.33%
Gold 05-Dec-18 31643 31531 32014 31202 31846 0.64% -16.97% 3.16%
Lead 31-Oct-18 147.9 147.00 154.75 139.80 152.2 2.91% 69.16% -31.55%
Natural Gas 26-Oct-18 232.7 234.7 250.8 231.4 234.2 0.64% 36.12% -6.45%
Nickel 31-Oct-18 940.20 925.00 963.30 917.40 932.80 -0.79% -24.56% -0.64%
Silver 05-Dec-18 39274 39100 39100 38336 38918 -0.91% -32.60% 7.89%
Zinc 31-Oct-18 197.95 197.20 204.15 193.30 197.70 -0.13% 6.68% -4.99%
Castor Seed 20-Nov-18 4770.00 4720.00 4952.00 4718.00 4912.00 2.98% -67.52% -9.04%
Chana 20-Nov-18 4154.00 4217.00 4230.00 4141.00 4172.00 0.43% -51.87% -14.50%
Dhaniya 20-Nov-18 5012.00 5020.00 5270.00 4966.00 5241.00 4.57% 112.40% -6.34%
COCUDAKL 20-Dec-18 1706.00 1715.00 1787.00 1675.00 1779.50 4.31% 62.51% 8.97%
Guargum5 20-Nov-18 9244.00 9210.00 9275.00 9060.00 9244.00 0.00% -52.71% 0.40%
Guarseed10 20-Nov-18 4360.00 4272.00 4309.00 4225.50 4286.50 -1.69% -24.26% 5.56%
Jeera 20-Nov-18 19300.00 19325.00 20000.00 19170.00 19955.00 3.39% -9.27% -21.73%
RMseed 20-Nov-18 4203.00 4208.00 4208.00 4127.00 4162.00 -0.98% -62.46% -9.14%
Ref Soya Oil 20-Nov-18 759.90 759.40 760.90 748.50 754.80 -0.67% -50.21% -4.30%
Soyabean 20-Nov-18 3246.00 3259.00 3259.00 3196.00 3241.00 -0.15% -34.70% 6.74%
Turmeric 20-Nov-18 6764.00 6792.00 6818.00 6524.00 6596.00 -2.48% -61.94% -16.77%
Mentha Oil 31-Oct-18 1716.50 1694.00 1752.00 1681.70 1688.10 -1.65% -35.09% 8.83%
Currency Market Wrap-Up
Previous Change in
Currency Pair Contract Open High Low Close
Close Price (in%)
USDINR 29-Oct-18 74.0125 74.1700 74.6875 73.6550 73.7000 -0.42%
LME Inventory
Closing (As on 12th Oct 18) Closing (As on 5th Oct 18)
Commodity % Change in Price
In tones in tones
Continued…….
4 Copyright © 2018 Ways2Capital. All rights reserved 15/10/2018
Inventory Updates
Crude Oil 19-Oct-18 6118 5734 5488 5350 5104 4966 4582
Natural Gas 26-Oct-18 277.60 258.20 246.20 238.80 226.80 219.40 200.00
Castor Seed 20-Nov-18 5329 5095 5003 4861 4769 4627 4393
Ref Soya Oil 20-Nov-18 779.55 767.15 761.00 754.75 748.60 742.35 729.95
Mentha Oil 31-Oct-18 1847.9 1777.6 1732.8 1707.3 1662.5 1637.0 1566.7
BULLION
Gold prices rose early on Monday as Asian stocks eased due to concerns about a
potential decline in China economic growth amid an ongoing trade war and signs of
tighter monetary policy by the U.S. Federal Reserve. Spot gold was up 0.3 percent
at $1,220.66 an ounce at the time of writing. Gold rose 1.3 percent last week in its
biggest weekly percentage gain in seven weeks. U.S. gold futures were up 0.2 per-
cent at $1,224.1 an ounce. China central bank governor Yi Gang said on Sunday he
still sees plenty of room for adjustment in interest rates and the reserve require-
ment ratio (RRR) as downside risks from trade tensions with the United States re-
main significant.
BASE METALS
ENERGY
Crude markets were also supported in the wake of data that showed South Korea
did not import any oil from Iran in September for the first time in six years before
U.S. sanctions against the Middle East country take effect in November. Brent
crude had risen 98 cents or 1.22 percent to 81.41 a barrel at the time of writing,
on track for its biggest daily gain since Oct. 9. U.S.
The Energy Information Administration released its report on US natural gas in-
ventories showing a build of 90 billion cubic feet in the week ending October 5,
adding to the 98 billion in the previous reading while analysts expected 87 billion.
SPICES
Bullish trend persisted for Jeer as reports from Gujarat indicate a below nor-
mal rain to adversely affect the sowing starting later this month. This could
have some long term support impact on the commodity prices.Turmeric traded
with slight weakness even as prices found immediate support at these levels.
Falling stocks amidst rise in Festive season domestic demand and export de-
mand are likely to support prices in coming weeks with new crop arrivals only
in Decendall these factors could provide support to the prices that have fallen a
lot.
OILSEEDS
Mentha oil traded in a range even as moderate firm sentiments prevailed in
mandis with profit booking limiting the upside movement. Rising export de-
mand amidst adverse reports on the production front are likely to support
prices in coming weeks. Lack of fresh bullish cues from global markets kept
sentiments eased. Ahead of Indian/US harvest season of the soybean crop
not much of upside is expected in edible oils especially soya oil. However
there is frequent buying interest in spot market whenever moderate price
decline occurs.
GUAR COMPLEX
Trend remained very volatile for Guar but some support was noted at the
lower levels with expected recovery likely. Lower rains earlier this year during
Monsoon had adversely affected the sowing. With stocks reportedly on the
lower side and falling amidst no new arrivals for now sentiments are looking
positive for the counter. As the bearish impact of rains gradually get over fall in
prices may be limited from the monsoon factor.
OTHERS
RM seed futures market failed to move up yesterday tracking weakness in
soy bean. Failure of palm oil to sustain above resistance levels also eased the
upward trend. In coming days report of Government's announcement to hike
Mustard MSP by Rs 200/qtl may provide support. But spot demand should
also remain strong for the up trend to sustain during this week.It was another
bearish session for soy bean derivative market. As long as harvest pressure is
not building there might be temporary pull backs but the upward momentum
might ease soon as harvests activity in MP and Maharashtra improve in next
few weeks.
9 Copyright © 2018 Ways2Capital. All rights reserved 15/10/2018
Calls of the Week (MCX)
ZINC
Last week Zinc made a high of 204.15 and closed at 197.50 with overall marginal loss of 0.13% on weekly basis. And we
can see from last couple trading weeks market is trading in sideways trading channel with negative RSI and on its four
hourly chart Zinc is forming Head & Shoulder formation on higher level indicating negative trend in it. For this week, if
it breaks the level of 198.50 on the lower side then it can test the level of 191.50 during the week. One can make sell
position in it by maintaining a SL at 199.60.
WEEKLY STRATEGY
PARTICULAR DETAILS
Action Sell
Target 191.50
SL 199.60
NATURAL GAS
Last week Natural Gas started a week on positive note but found enough resistance near the level of 250 and getting
selling pressure from higher level indicating strong resistance zone near the level of 250. On its 4 hourly chart Natural
Gas is forming Head & Shoulder formation indicating negative trend in it. For this week, if it breaks the level of 238 on
the lower side then it can test the level of 228 during the week. One can make sell position in it by maintaining a SL at
242.50
WEEKLY STRATEGY
PARTICULAR DETAILS
Action Sell
Target 3970
SL 1451
WEEKLY STRATEGY
PARTICULAR DETAILS
Action Buy
Target 4330
SL 4149
CHANA
From last couple of trading weeks Chana is trading in range between the level of 4250 – 4100 and forming double top
formation on its four chart indicating bearish trend in it. On its four hourly chart RSI is trading in negative territory and
printing below the level of 50 indicating short term negative movement in it. Last week Chana made a low of 4141 and
closed at 4172 with overall marginal gain of 0.43% on weekly basis. For this week, if it breaks the level of 4100 on the
lower side then it can test the level of 3970 during the week. One can make sell position in it by maintaining a SL at
4151.
WEEKLY STRATEGY
PARTICULAR DETAILS
Action Sell
Target 3970
SL 4151
WEEKLY STRATEGY
PARTICULAR DETAILS
Action Buy
Target 66.7975
SL 66.0875
USDINR
Last week USDINR Oct Futures started the week on positive note and made a high of 74.6875 but till the end of the
week, all of its earlier gains were erased and it closed at 73.7000 with the overall loss of 0.42 per cent on weekly basis.
Technically it consolidating near to the trend line breakout with near to oversold RSI and for this week, we can expect
profit booking in it from the higher levels. For this week, if it breaks the level of 73.6500 on the downside, then it can
test the level of 73.2125 during the week. One can make sell position in it by maintaining a SL 74.0050.
WEEKLY STRATEGY
PARTICULAR DETAILS
Action Sell
Target 73.2125
SL 74.0050
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