(1 st Aug- 2018) 1
Precious Metals 1 st -Aug-2018 MCX GOLD Daily Chart GOLD Commentary Gold prices were down on Tuesday, but remained on track for a fourth-straight month of losses. Buy GOLD above 29945 TGT 29991 / 30048 SL 29878 Sell GOLD below 29812 TGT 29765 / 29709 SL 29878 DATA Watch: US ADP Non-Farm Employment Change, US ISM Manufacturing PMI, US FOMC MCX SILVER Daily Chart SILVER Commentary Bullion becomes more expensive for holders of other currencies when the dollar rises and cheaper when it falls. Buy SILVER above 38460 TGT 38540 / 38649 SL 38321 Sell SILVER below 38182 TGT 38103 / 37993 SL 38321 DATA Watch: US ADP Non-Farm Employment Change, US ISM Manufacturing PMI, US FOMC 2
Energy 311 st -Aug-2018 -July-2017 MCX CRUDE OIL Daily Chart CRUDE OIL Commentary Oil prices traded lower on Tuesday, heading for a sharp monthly decline, as concerns over escalating supply returned to the forefront. Buy CRUDE OIL above 4767 TGT 4790 & 4818 SL 4734 Sell CRUDE OIL below 4701 TGT 4678 & 4650 SL 4734 DATA Watch: US ADP Non-Farm Employment Change, US ISM Manufacturing PMI, US Crude Oil Inventories, US FOMC MCX NATURAL GAS Daily Chart NATURAL GAS Commentary Natural Gas Price has witnessed a tight range bound trade. Buy NG above 194.1 TGT 194.8 & 195.8 SL 192.8 Sell NG below 191.5 TGT 190.8 & 189.8 SL 192.8 DATA Watch: Nil. 3
Base Metals 311 st -Aug-2018 -July-2017 MCX COPPER Daily Chart COPPER Commentary Comex copper prices recovered after a three day downturn with talks of a strike at Escondida mine spurring the red metal higher. Buy COPPER above 432.8 TGT 434.85 / 437.2 SL 430.15 Sell COPPER below 427.5 TGT 425.45 / 423.1 SL 430.15 MCX ALUMINIUM Daily Chart ALUMINIUM Commentary Base metals on the London Metal Exchange moved higher at the close of trading on Tuesday July 31, supported by easing trade relations between the United States and China amid broad stock drawdowns and a seasonal summer slowdown. Buy ALUMINIUM above 142.8 TGT 143.05 & 143.4 SL 142.35 Sell ALUMINIUM below 141.9 TGT 141.65 & 141.3 SL 142.35 4
Base Metals 311 st -Aug-2018 -July-2017 MCX LEAD Daily Chart LEAD Commentary Lead has witnessed a short covering rally. Buy LEAD above 149.4 TGT 150.1 & 150.9 SL 148.5 Sell LEAD below 147.6 TGT 146.9 & 146.1 SL 148.5 MCX ZINC Daily Chart ZINC Commentary Zinc has witnessed a short covering rally. Buy ZINC above 183.3 TGT 184.45 & 185.7 SL 181.95 Sell ZINC below 180.6 TGT 179.35 & 178.2 SL 181.95 MCX NICKEL Daily Chart NICKEL Commentary Nickel has witnessed a short covering rally. Buy NICKEL above 968 TGT 973.7 & 978.2 SL 964.7 Sell NICKEL below 959.2 TGT 955.7 & 951.2 SL 964.7 5
Pivot Table Morning & Economic Newsletter Calendar SUPPORTS & RESISTANCES 31 st -July-2017 1 st -Aug-2018 Commodity S3 S2 S1 Pivot Point R1 R2 R3 GOLD 29709 29765 29822 29878 29935 29991 30048 GOLDM 30381 30435 30488 30541 30594 30648 30701 SILVER 37993 38103 38212 38321 38430 38540 38649 SILVERM 38024 38134 38243 38353 38463 38573 38682 ALUMINIUM 141.3 141.65 142 142.35 142.7 143.05 143.4 COPPER 423.1 425.45 427.8 430.15 432.5 434.85 437.2 LEAD 146.1 146.9 147.7 148.5 149.3 150.1 150.9 ZINC 178.2 179.45 180.7 181.95 183.2 184.45 185.7 NICKEL 951.2 955.7 960.2 964.7 969.2 973.7 978.2 CRUDE OIL 4650 4678 4706 4734 4762 4790 4818 NATURAL GAS 189.8 190.8 191.8 192.80 193.8 194.8 195.8 ECONOMIC CALENDER Country Economic Event Forecast Previous Time GBP Manufacturing PMI 54.2 54.4 2.00 PM US ADP Non-Farm Employment Change 186K 177K 6.00 PM US ISM Manufacturing PMI 59.4 60.2 6.00 PM US Crude Oil Inventories - -6.1M 8.00 PM US FOMC Statement - - 11.30 PM US Federal Funds Rate <2.00% <2.00% 11.30 PM 6
Morning Disclaimer Newsletter 31 st -July-2017 1 st -Aug-2018 RESEARCHED & PREPARED BY B.KESAVAMOORTHY SENIOR MANAGER (RESEARCH ) CONTACT NO: 0422-4700840 EMAIL 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