Morning Newsletter (31 st Dec- 2018)

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Maximilian Bradley
5 years ago
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1 (31 st Dec- 2018) 1

Precious Metals 31 st -Dec-2018 MCX GOLD Daily Chart GOLD Commentary Gold futures tip lower early Friday as volatile stock markets calmed down for now, but the haven metal remained near the sixmonth

2 Precious Metals 31 st -Dec-2018 MCX GOLD Daily Chart GOLD Commentary Gold futures tip lower early Friday as volatile stock markets calmed down for now, but the haven metal remained near the sixmonth highs scored in recent days on the way to a roughly 1.8% weekly gain. Buy GOLD above TGT / SL Sell GOLD below TGT / SL DATA Watch: CHINA Manufacturing PMI, CHINA Non- Manufacturing PMI. MCX SILVER Daily Chart SILVER Commentary Weakness in U.S. dollars can make precious metals, which is primarily traded in greenback, more attractive to investors using other monetary units. Buy SILVER above TGT / SL Sell SILVER below TGT / SL DATA Watch: CHINA Manufacturing PMI, CHINA Non- Manufacturing PMI. 2

3 Energy 31 st st -July Dec-2018 MCX CRUDE OIL Daily Chart CRUDE OIL Commentary U.S. crude oil inventories fell less than expected last week, the Energy Information Administration said in its weekly report on Friday. Buy CRUDE OIL above 3218 TGT 3241 & 3269 SL 3185 Sell CRUDE OIL below 3152 TGT 3129 & 3101 SL 3185 MCX NATURAL GAS Daily Chart NATURAL GAS Commentary United States EIA Natural Gas Storage change above expectations (-52B) in December 17: Actual (-48B) Buy NG above TGT & SL Sell NG below TGT & SL DATA Watch: Nil. 3

4 Base Metals 31 st st -July Dec-2018 MCX COPPER Daily Chart COPPER Commentary The Chinese Smelters Purchase Team (CSPT) is to raise Q1 copper treatment and refining charges (TC/RCs) purchase price for the first quarter of 2019 to $92 per tonne and 9.2 cents per lb. Buy COPPER above TGT / SL Sell COPPER below 415 TGT / SL MCX ALUMINIUM Daily Chart ALUMINIUM Commentary Base metals prices on the Shanghai Futures Exchange were broadly up during Asian morning trading on Friday, with weakness in the dollar buoying most of the complex. Buy ALUMINIUM above TGT & SL Sell ALUMINIUM below TGT & SL

Base Metals 31 st st -July-2017 -Dec-2018 MCX LEAD Daily Chart LEAD Commentary Lead has witnessed a range bound trade. Buy LEAD above 143.

4 MCX ZINC Daily Chart ZINC Commentary zinc has witnessed a range bound trade. Buy ZINC above 175.5 TGT 177 & 178.6 SL 173.

5 Base Metals 31 st st -July Dec-2018 MCX LEAD Daily Chart LEAD Commentary Lead has witnessed a range bound trade. Buy LEAD above TGT & SL Sell LEAD below TGT & SL MCX ZINC Daily Chart ZINC Commentary zinc has witnessed a range bound trade. Buy ZINC above TGT 177 & SL Sell ZINC below TGT & 169 SL MCX NICKEL Daily Chart NICKEL Commentary Nickel has witnessed a range bound trade. Buy NICKEL above TGT & 752 SL Sell NICKEL below TGT 738 & SL

6 Pivot Table Morning & Economic Newsletter Calendar SUPPORTS & RESISTANCES 31 st -July st -Dec-2018 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 Manufacturing PMI AM CHINA Non-Manufacturing PMI AM 6

7 Morning Disclaimer Newsletter 31 st -July st -Dec-2018 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 (24 th July- 2018)

Morning Newsletter (24 th July- 2018) (24 th July- 2018) 1 Precious Metals 24 th -July-2018 MCX GOLD Daily Chart GOLD Commentary Gold prices fell back towards one-year lows on Monday, as traders turned their attention towards the latest U.S.