Morning Newsletter (4 th Jan- 2019)

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Allison Warren
5 years ago
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1 (4 th Jan- 2019) 1

2 Precious Metals 4 th -Jan-2019 MCX GOLD Daily Chart GOLD Commentary US dollar losses strength after ISM Manufacturing data. XAU/USD consolidates significant daily gains, heads for the highest close since mid-june. Buy GOLD above TGT / SL Sell GOLD below TGT / SL DATA Watch: CHINA Caixin Services PMI, CANADA Employment Change, CANADA Unemployment Rate, CANADA RMPI m/m, US Average Hourly Earnings m/m, US Non-Farm Employment Change, US Unemployment Rate, US Fed Chair Powell Speaks, US FOMC Member Bostic Speaks. MCX SILVER Daily Chart SILVER Commentary Silver has remains in positive bias. Buy SILVER above TGT / SL Sell SILVER below TGT / SL DATA Watch: CHINA Caixin Services PMI, CANADA Employment Change, CANADA Unemployment Rate, CANADA RMPI m/m, US Average Hourly Earnings m/m, US Non-Farm Employment Change, US Unemployment Rate, US Fed Chair Powell Speaks. 2

3 Energy 314 st th -July Jan-2019 MCX CRUDE OIL Daily Chart CRUDE OIL Commentary Crude prices marked intraday lows as an interview between Hassett and CNN hit the wires in which he said that there would likely be a heck of lot of companies" that are going to be watching their earnings downgraded until there's a deal with China. Buy CRUDE OIL above 3324 TGT 3353 & 3387 SL 3285 Sell CRUDE OIL below 3246 TGT 3217 & 3183 SL 3285 DATA Watch: CANADA Employment Change, CANADA Unemployment Rate, CANADA RMPI m/m, US Average Hourly Earnings m/m, US Non-Farm Employment Change, US Unemployment Rate, US Fed Chair Powell Speaks, US Crude Oil Inventories. MCX NATURAL GAS Daily Chart NATURAL GAS Commentary Natural gas may expect a high volatility trade due to storage data. Buy NG above 209 TGT 211 & SL Sell NG below TGT & SL DATA Watch: US Natural Gas Storage. 3

4 Base Metals 314 st th -July Jan-2019 MCX COPPER Daily Chart COPPER Commentary Comex copper suffered a third straight decline this morning in the United States to begin the New Year, with continued recession worries and equity market instability sinking the commodities complex. Buy COPPER above TGT / SL Sell COPPER below TGT 394 / SL MCX ALUMINIUM Daily Chart ALUMINIUM Commentary Aluminium has witnessed a mild recovery. Buy ALUMINIUM above TGT & SL Sell ALUMINIUM below TGT 127 & SL

5 Base Metals 314 st th -July Jan-2019 MCX LEAD Daily Chart LEAD Commentary Lead may expect a recovery for lower level. Buy LEAD above 137 TGT & SL Sell LEAD below TGT & 134 SL MCX ZINC Daily Chart ZINC Commentary Zinc has remains in high volatility trade. Buy ZINC above TGT & SL Sell ZINC below TGT 168 & SL MCX NICKEL Daily Chart NICKEL Commentary Nickel has witnessed a positive bias. Buy NICKEL above TGT & SL Sell NICKEL below TGT & SL

6 Pivot Table Morning & Economic Newsletter Calendar SUPPORTS & RESISTANCES 31 st -July th -Jan-2019 Commodity S3 S2 S1 Pivot Point R1 R2 R3 GOLD GOLDM SILVER SILVERM ALUMINIUM COPPER LEAD ZINC NICKEL CRUDE OIL NATURAL GAS ECONOMIC CALENDER Country Economic Event Forecast Previous Time CHINA Caixin Services PMI AM US Average Hourly Earnings m/m 0.3% 0.2% 7.00 PM US Non-Farm Employment Change 178K 155K 7.00 PM US Unemployment Rate 3.7% 3.7% 7.00 PM US Fed Chair Powell Speaks PM US Natural Gas Storage - -48B 9.00 PM US Crude Oil Inventories M M 9.30 PM 6

7 Morning Disclaimer Newsletter 31 st -July th -Jan-2019 RESEARCHED & PREPARED BY B.KESAVAMOORTHY SENIOR MANAGER (RESEARCH ) CONTACT NO: ID: KESAVAMOORTHY.B@SKYCOMMODITIESMAILS.COM Disclaimer LAL S 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 requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction. 7

Morning Newsletter (6 th Dec- 2018)

Morning Newsletter (6 th Dec- 2018) (6 th Dec- 2018) 1 Precious Metals 6 th -Dec-2018 MCX GOLD Daily Chart GOLD Commentary Gold prices pulled back from near a 5-month high in holidaythinned trade on Wednesday with investors looking ahead