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Market Wrap-Up
Copper 28-Feb-19 415.90 414.00 430.80 411.60 429.35 3.23% -20.35% 38.90%
Crude Oil 18-Jan-19 3,665 3,646 3,872 3,615 3,854 5.16% -17.84% -11.89%
Gold 05-Feb-19 31928 31989 32390 31975 32091 0.51% 4.56% 0.70%
Lead 31-Dec-19 140.05 140.05 142.75 138.35 141.85 1.29% -6.55% 13.81%
Natural Gas 26-Dec-19 217.00 218.60 264.40 218.60 238.20 9.77% -13.59% 163.12%
Nickel 31-Dec-19 805.30 802.60 842.80 798.60 838.70 4.15% -24.06% -13.54%
Silver 05-Mar-19 39336 39305 39770 39107 39198 -0.35% -5.59% 3.62%
Zinc 31-Dec-19 176.25 175.30 186.15 174.15 185.30 5.13% 13.15% 25.52%
Castor Seed 18-Jan-19 5256.00 5284.00 5350.00 5202.00 5278.00 0.42% 0.01% -4.10%
Chana 18-Jan-19 4328.00 4345.00 4360.00 4217.00 4277.00 -1.18% 5.82% -1.74%
Dhaniya 18-Jan-19 6643.00 6640.00 6747.00 6435.00 6530.00 -1.70% 1.50% -47.77%
COCUDAKL 18-Jan-19 1911.00 1913.50 2017.00 1906.00 1978.00 3.51% -0.78% 3.56%
Guargum5 18-Jan-19 8245.00 8250.00 8768.00 8238.00 8636.00 4.74% -3.72% 42.57%
Guarseed10 18-Jan-19 4206.00 4210.00 4394.00 4200.00 4349.00 3.40% -7.37% -4.90%
Jeera 18-Jan-19 17045.00 17040.00 17270.00 16900.00 17050.00 0.03% -7.85% 10.36%
RMseed 18-Jan-19 3882.00 3893.00 3912.00 3825.00 3866.00 -0.41% 0.85% 20.02%
Ref Soya Oil 18-Jan-19 752.40 752.90 764.50 748.40 764.20 1.57% -12.40% 135.73%
Soyabean 18-Jan-19 3625.00 3635.00 3815.00 3635.00 3806.00 4.99% 1.53% 50.28%
Turmeric 18-Jan-19 6604.00 6638.00 6670.00 6436.00 6536.00 -1.03% 1.77% 653.82%
Mentha Oil 31-Dec-19 1613.10 1603.00 1614.00 1566.70 1591.00 -1.37% 7.92% -0.10%
Currency Market Wrap-Up
Previous Change in
Currency Pair Contract Open High Low Close
Close Price (in%)
USDINR 29-Jan-19 70.6000 70.5225 71.4775 70.5225 71.2350 0.90%
LME Inventory
Closing (As on 18th Jan 19) Closing (As on 11th Jan 19)
Commodity % Change in Price
In tones in tones
Continued…….
4 Copyright © 2018 Ways2Capital. All rights reserved 21/01/2019
Inventory Updates
Crude Oil 19-Feb-19 4294 4037 3946 3780 3689 3523 3266
Natural Gas 28-Jan-19 332.00 286.20 262.20 240.40 216.40 194.60 148.80
Castor Seed 20-Feb-19 5573 5425 5351 5277 5203 5129 4981
Ref Soya Oil 20-Feb-19 791.25 775.15 769.70 759.05 753.60 742.95 726.85
Mentha Oil 31-Jan-19 1685.2 1637.9 1614.4 1590.6 1567.1 1543.3 1496.0
BULLION
Gold futures were down 0.63% at $1,286.65 on the Comex division of the New York
Mercantile Exchange late Friday having briefly risen as high as $1,300.35 earlier in
the session. The Labour Department reported that US employers hired the most
workers in 10 months in December while boosting wages suggesting a sustained
strength in the economy that could soothe concerns of a sharp slowdown in
growth.
BASE METALS
Copper prices were under pressure last week after a surprise cut to Apple's sales
forecast in China pointed to slowing growth in the country and a measure of Chi-
nese manufacturing activity fell into contraction territory also raised concerns
among traders.Zinc ended the week up 0.33%while at MCX it closed down by
1.29%.
ENERGY
Crude oil posted solid gains in the first week of 2019 trading despite rising con-
cerns that the China-US trade war will lead to a global economic slowdown. For
the week the US benchmark gained 6.57%. Global benchmark Brent crude was up
$1.46, or 2.61% to end at $57.41 a barrel. It jumped 9.98% for the week.
Natural gas finished lower last week after almost wiping out the entire winter
rally. The selling started on Monday with a gap lower opening and continued till
Thursday.
SPICES
Jeera was marginally down amid lack of trading cues. Markets have been find-
ing buyers’ support of late. Lower temperature in growing regions of Gujarat
and Rajasthan have pressured prices in recent weeks but with offers turning
quite cheaper and sowing prospects over last year decreasing market is likely
to resume upward trend once mandis resume trading after the New Year holi-
days. Lower rains in growing areas amidst apprehensions of falling yields could
support prices for Turmeric in future. Arrivals remain lower at these low levels
as traders were not willing to sell at these lower levels.
OILSEEDS
Technically buying interest shall remain healthy for next few sessions and this
will be fundamentally supported through lower Demat inventories at ware-
houses and limited number of daily arrivals. Mentha oil posted a decent rise
as a result and except some profit taking we expect trend to remain strong as
of now. January Soya oil at NCDEX is expected to trade between 725-740
price band during this week with a positive bias. Closure of most international
markets due to New Year holidays shall continue limiting the upward trend
for few more sessions
GUAR COMPLEX
Cheapening offers and lower arrivals of new crop amidst prospects of fall in
sowing area will be attracting speculative buying in the derivatives in coming
days. With low rains reported in West Rajasthan and excess rains reported in
East Rajasthan this year market sources believe both these factors to be dam-
aging for the crop. Guar market seems to consolidate and finding buying sup-
port now.
OTHERS
Downside seems to be limited for next few weeks as arrivals will decrease
significantly against cheapening offers. Bullish tone in palm oil will be positive
for the commodity. Palm oil influences RM seed oil which ultimately impacts
the direction of RM seed prices. Soybean posted decent gains due to limited
arrivals in mandis and lack of any bearish trigger on global front. The USDA
has downgraded domestic ending stock estimate in its October report. Talks
of possible damage in Maharashtra region shall be keeping prospects of price
rise moving forward.
9 Copyright © 2018 Ways2Capital. All rights reserved 21/01/2019
Calls of the Week (MCX)
LEAD
Last week Lead Jan Futures opened at 140.05 and made a high of 142.75 during the week. It closed at 141.85 with the
overall gain of 1.29 per cent on weekly basis. Technically lead is taking support from the level of 136 on also broke the
major resistance level of 140. For this week, we can expect further upside movement in it. For this week, traders can
adopt buying from the lower level strategy in it and above the level of 142.90 it can test the level of 144.90 during the
week. Trades can make buy position in it by maintaining a Stop Loss of 141.80
WEEKLY STRATEGY
PARTICULAR DETAILS
Action Buy
Target 144.90
SL 141.80
CRUDEOIL
Last Week Crude Oil Feb Futures opened at 3646 and made high of 3872. It closed at 3854 with the overall gain of 5.15
per cent on weekly basis. Technically Crude Oil trading on higher levels from last 4 week and also broke the major re-
sistance level of 3800 and also closed above the same. For this week, we can expect further upside movement in it. For
this week, traders can adopt buying from the lower level strategy in it and above the level of 3920 it can test the level
of 3999 during the week. Trades can make buy position in it by maintaining a Stop Loss of 3859.
WEEKLY STRATEGY
PARTICULAR DETAILS
Action Buy
Target 3999
SL 3859
WEEKLY STRATEGY
PARTICULAR DETAILS
Action Buy
Target 3940
SL 3798
GUARGUM
Last week, GUARGUM5 Feb Futures started the week on positive note and continued the same for the most part of the
week. It made a high of 8768 during the week and closed at 8636 with the overall gain of 4.75 per cent on weekly ba-
sis. Technically it recovering from lower level and also made Bullish Harami Pattern on weekly chart. For this week, we
can expect upside movement in it.For this week, traders can adopt buying from the lower level strategy in it and above
the level of 8850 it can test the level of 9050 during the week. Trades can make buy position in it by maintaining a Stop
Loss of 8695.
WEEKLY STRATEGY
PARTICULAR DETAILS
Action Buy
Target 9050
SL 8695
WEEKLY STRATEGY
PARTICULAR DETAILS
Action Buy
Target 72.0975
SL 71.2975
EURINR
Last week, EURINR Jan Futures started the week on positive note but after that it witnessed choppy movement for the
remaining part of the week. It made a low of 81.0000 during the week and closed at 81.2975 with the overall loss of
0.20 per cent on weekly basis. Technically it consolidating above the trend line breakout with the positive RSI and for
this week, we can expect upside movement in it.For this week, traders can adopt buying from the lower level strategy
in it and above the level of 81.3000 it can test the level of 81.7975 during the week. Trades can make buy position in it
by maintaining a Stop Loss of 80.9475.
WEEKLY STRATEGY
PARTICULAR DETAILS
Action Buy
Target 81.7975
SL 80.9475
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