DAILY COMMODITY REPORT

20TH JUNE 2017

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WEEKLY MARKET WRAPUP
20TH JUNE 2017

COMMODITY CONTRACT OPEN PRICE HIGH LOW CLOSE PRICE

GOLD 04 AUG 2017 28650 28650 28526 28542

SILVER 05 JUL 2017 38423 38440 38133 38169

CRUDE OIL 19 JUL 2017 2880 2900 2855 2861

NATURAL GAS 27 JUNE 2017 195.30 195.30 186 187.80

COPPER 30 JUNE 2017 366.10 369.95 365.50 368.90

NICKEL 30 JUNE 2017 575 586.70 574.70 580.10

LEAD 30 JUNE 2017 136 137.50 136 137

ZINC 30 JUNE 2017 163 165.20 162.70 165

ALUMINIUM 30 JUNE 2017 120.75 121.50 120.40 121.40

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WEEKLY MCX OUTLOOK
20TH JUNE 2017

COMMODITY HEADLINES

PRECIOUS-Gold hits 6-week low on Fed rate hike concerns

Gold likely to trade in a range between 28449-28697

Silver under long liquidation; Support seen at 38054

Natural Gas market under fresh selling; Support seen at 184.1

Crude Oil market under fresh selling; Resistance seen at 2924

Natural Gas expected to trade between 186-203.8 levels

Copper market under short covering; Support seen at 366.3

Zinc may trade between 161.8-166.8 levels

Nickel market under short covering; Support seen at 574.3

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WEEKLY SPACIAL MCX NEWS & TECH OUTLOOK
20TH JUNE 2017

SPECIAL NEWS COMMODITY BUZZ

Asia Gold-Lower prices nudge demand; Indian buyers stay off

India Gold imports jump ahead of GST roll-out
Asia gold demand ticked up this week as global
Technically Gold market is getting support at 28666
prices came off seven-month highs, while Indian
and below same could see a test of 28563 level, And
buyers stayed on the sidelines waiting for further
resistance is now likely to be seen at 28911, a move
price drops in the absence of fresh triggers to
above could see prices testing 29053. Gold on MCX
stoke purchases. "Demand has picked up in Asia
settled down -0.9% at 28768 plunged in yesterdays
compared to last week. There were some purchases especially in the
session fell to the lowest in three weeks, as Comex prices have slipped
latter half of the week after the U.S. Federal Reserve policy meeting
from near $1300 over the past seven sessions in the aftermath of yes-
when gold prices fell," a physical dealer with a Singapore-based bank
terday's Fed announcement. The Fed raised interest rates, as expected,
said. Spot gold XAU= has fallen more than 3 percent from a seven-
but offered a surprisingly hawkish outlook on further rate hike and de-
month peak of $1,295.97 hit on June 6. GOL/ Physical gold buying has
tailed its plan to gradually shrink its $4.5 trillion balance sheet. That's
also been supported due to the bullion's appeal as a safe haven asset
despite a series of disappointing economic data, including downbeat
amid political uncertainty in the UK and the United States and ahead
reading on the labor market, retail sales and inflation.
of upcoming elections in Germany and Italy, said Brian Lan, managing
director at gold dealer GoldSilver Central in Singapore. Oil hovers near 6-month lows
Oil edged higher Friday, but was on track for weekly
W. Africa Crude-July Angolan clears steadily, Forcados programme emerges
losses of around 2.5% that kept it near six-month
A few Angolan cargoes traded while Nigerian
lows. U.S. crude was up 30 cents, or 0.7%, at $44.76
crude differentials were under pressure on Friday
at 7:15AM ET, while {{Brent oil}} gained 59 cents, or
after a large Forcados loading programme
1.3%, to $47.51. Fridays slight gains were chalked up to a partial export
emerged for June following the export of three
halt in Libya. Oil prices were still down around 13% since late May when
cargoes in May. Nigeria issued its first Forcados oil
OPEC and non-OPEC producers agreed to extend their agreement to
loading plan since 2016, putting the nation's June oil exports on track
curb oil production. Rising U.S. oil output, particularly from shale drillers,
to hit their highest level in at least 15 months. Forcados exports have
is contributing to the ineffectiveness of the OPEC-led cuts. On that last
been pencilled in at seven cargoes, or about 197,000 barrels per day
note, investors also looked ahead to the Baker Hughes' U.S. rig count
(bpd), for June. Prior to the 2016 shutdown exports could go up to
data for the latest week. The prior data showed that U.S. drillers added
240,000 bpd. The force majeure was still in place .
rigs for the 21st week in a row, the longest such streak on record, imply-
ing that further gains in domestic production are ahead.

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MCX ANALYST SPEAKS
20TH JUNE 2017

GOLD MCX

RESISTANCE 2 28696

RESISTANCE 1 28619

PIVOT 28572

SUPPORT 1 28495

SUPPORT 2 28448

Technically Gold market is getting support at 28496 and below same could see a test of 28449 level, And resistance is now likely
to be seen at 28620, a move above could see prices testing 28697.

BUY GOLD AUG AROUND28480-28500 TGTS 28600/28800 SL 228380

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MCX ANALYST SPEAKS
20TH JUNE 2017

CRUDE OIL MCX

RESISTANCE 2 2917

RESISTANCE 1 2889

PIVOT 2872

SUPPORT 1 2844

SUPPORT 2 2827

Technically Crude Oil market is under fresh selling as market has witnessed gain in open interest by 145.87% to settled at 20995
while prices down 9 rupees.
SELL CRUDE OIL JUNE AROUND 2910-2900 TGT 2870/2850 SL 2950

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MCX ANALYST SPEAKS
20TH JUNE 2017

COPPER OIL MCX

RESISTANCE 2 372.50

RESISTANCE 1 370.73

PIVOT 368

SUPPORT 1 366

SUPPORT 2 363.5

Technically Copper market is under short covering as market has witnessed drop in open interest by 5.74% to settled at 15350
while prices up 3.45 rupees.
BUY COPPER JUNE AROUND 367-367.5 TGT 370/373 SL 363

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TODAYS INMORTANT ECONOMIC EVENTS
20TH JUNE 2017

TODAYS IMPORTANT EVENT

DATE COUNTRY EVENT ACTUAL FORECAST PREVIOUS

21 JUNE USD FOMC Member Fischer Speaks

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20TH JUNE 2017

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