Professional Documents
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Market Wrap-Up
Castor Seed 20-Jun-18 4002 4006 4008 3874 3972 -0.75% -1.58% 145.98%
Chana 20-Jun-18 3637 3631 3650 3483 3550 -2.39% 4.60% 34.51%
Dhaniya 20-Jun-18 4541 4548 4600 4275 4330 -4.65% 6.09% 77.36%
1373.0
COCUDAKL 20-Jun-18 1300.00 1307.00 1385.00 1300.00 5.62% -6.04% -6.90%
0
Guargum5 20-Jun-18 8232 8185 8185 7485 7685 -6.64% 4.69% -16.17%
Guarseed10 20-Jun-18 3842.00 3830.00 3830.00 3600.50 3672.0 -4.42% 3.56% -9.28%
Jeera 20-Jun-18 16105 16080 16450 15980 16180 0.47% -0.35% 0.64%
RMseed 20-Jun-18 4019 4008 4009 3869 3962 -1.42% -1.47% 55.89%
Ref Soya Oil 20-Jun-18 773.90 772.00 774.10 760.25 761.85 -1.56% -1.64% 67.83%
Soyabean 20-Jun-18 3738 3720 3728 3525 3570 -4.49% -7.18% 132.49%
Turmeric 20-Jun-18 7146 7150 7250 7004 7110 -0.50% -3.28% -31.13%
Mentha Oil 29-Jun-18 1338.00 1300.00 1310.00 1128.50 1150.7 -14.00% -42.44% -9.27%
LME Inventory
Closing In Tonnes Closing In Tonnes
Commodity % Change in Price
(As on 1st June 2018) (As on 25th May 2018)
Copper 311525 300125 3.80%
Continued…….
4 Copyright © 2018 Ways2Capital. All rights reserved 04/06/2018
Inventory Updates
6 4900
4806
5.8 4800
4
2.2
Closing Price
4700
2 4517
4512
2.2 4600
0
4485 4500
-2 -3.6 4400
-2.2 -1.4
-4 4300
-6 4200
100 205
80 196.3 200
195
Closing Price
60 190.8 199.5
190
40
185
20
180
182.2
0 180.1 -18 175
-20 -18 170
-40 165
4:31 GBP BRC Retail Sales Monitor (YoY) (May) -0.80% -4.20%
13:00 GBP Halifax House Price Index (MoM) (May) 0.90% -3.10%
Crude Oil 19-Jun-18 4913 4702 4565 4491 4354 4280 4069
Natural Gas 26-Jun-18 217.05 207.85 203.10 198.65 193.90 189.45 180.25
Castor Seed 20-Jun-18 4219 4085 4029 3951 3895 3817 3683
Ref Soya Oil 20-Jun-18 793 779 771 765 757 752 738
Mentha Oil 29-Jun-18 1559 1378 1264 1196 1083 1015 833
BULLION
Global stocks slid on trade concerns, but gold failed to capitalize on the fleeting
liquidity as the dollar gained ground and heaped pressure on commodities while
markets await the US payrolls report.Gold last traded at $1,298.21 an ounce, not
far from the opening price, with an intra day low at %1,297.93, and a high at
$1,300.63.The Gold is bearish for mediumlong term .Currently Gold is in strong
downtrend with good momentum but volume is unsatisfactory . In last few days
volume based selling happened in the Gold. The MACD is showing sell signal For
short term Gold is in sell position.Immediate support for Gold is 30530.Resistance
for the Gold is 31600.
BASE METALS
Nickel prices must embark on a sustained advance before metal to meet demand
for electric vehicle (EV) batteries will emerge, according to industry experts.The
London Metal Exchanges threemonth nickel contract has risen substantially this
year though industry experts said it still isn’t high enough to generate additional
supply. The contract closed at $15,210 per tonne on May 31, a 19.5% increase
from $12,730 per tonne on January 2, the first trading day of the year.
ENERGY
US crude fell 1.7% yesterday, the first loss in three days, while losing 2.6%
in May on prospects of increased output by OPEC and Russia to counter
potential shortages from Iran and Venezuela due to US sanctions.US crude
fell 1.5% so far this week heading for the second weekly loss in a row.
Natural gas futures rose over two percent to early February highs as the
dollar index fell off November 7 peak following earlier data from China the
world's largest energy importer and the US including the EIA inventory re-
port.
SPICES
After the recent highs markets failed to hold onto the higher levels for Jeer as
profit booking was noted towards end of last week. Prices however are likely to
find some support at these levels with overall sentiments remaining firm. Rising
export demand from China amidst falling arrivals kept supporting the price.
.
Trend remained slight weak for Turmeric last week as good monsoon reports kept
pressure on prices as it neared the psychological 7000 mark. Prospects of rising
export and domestic demand could support prices but early arrival of Monsoon
and its expected favourable impact on the new crop sowing kept uptrend limited.
OILSEEDS
Strong recovery was noted for Mentha last week as prices found strong support
at these levels after the recent dips. Even as harvesting season nears a rising
demand at these lower rates are supporting prices. Good crop sowing reports
have been noted earlier this year. The peak harvest season will be June and July
therefore traders expect the harvesting activities to pick up in coming weeks.
soybean prices during greater part of the week but short covering at strong sup-
port levels on Friday took prices higher. Prices are down nearly 4.5 % week on
week. However in coming weeks soybean will be supported at lower levels, due
to positive tone in RM seed and limiting supplies.
GUAR COMPLEX
Moderate recovery was noted towards end of last week as market reports
suggest export demand gradually picking up at these lower levels. However,
persistent favourable reports on the weather front pressurized prices. Early
Monsoon arrival report from the IMD and its satisfactory progress as of now
kept trend down. Monsoon progress towards the growing areas in Rajasthan
remains an important factor in determining the future price movement for
Guar as sowing depends on that.
OTHERS
Drop in selling interest due to cheapening offers and weekend short covering
resulted in a firm futures market on Friday. The broader view remains unchanged
i.e.ongoing summer demand, lowering arrivals and drop in the crop acreage shall
be influential in keeping the trend supported in forthcoming months.As per Cot-
ton Association of India (CAI) Indian production for 2017-18 has been lowered by
5 lakh bales of 170 kg each to 362 lakh bales. The reasons being crop damage
from severe pink boll worm infestation and lower rains in some areas. Total sup-
ply is estimated at 412 lakh bales. Higher consumption of 330 lakh bales has
been reported with increased export possibilities by 5 lakh bales to 60 lakh
bales .
LEAD
From last couple of trading days market is trading in range between the level of 167 to 163 and continuously marking
lower highs indicating negative sentiment in short term to mid term basis. Also recently market has been broken its
support trend line appear on the image. It is having near support at the level of 163 resistance place at the level of 165.
One can make sell position below the level of 163 for the target of 161 with the Stop loss of 164.10
WEEKLY STRATEGY
PERTICULAR DETAILS
Action SELL
Target 161
SL 164.10
ALUMINIUM
After the sharp up trend rally aluminium prices trading in range between the level of 160 to 152. And recently market
is getting bounce back from support level and we are expecting that market can go higher to the level of 160 from the
current level supported by the 100 days moving average. Relative strength index showing positive movement in sus-
taining above the level 50 supporting bullish trend. We suggest to make buy position above the level of 156.50 for the
target of 159.50 with the stop loss of 155.50
WEEKLY STRATEGY
PERTICULAR DETAILS
Action Buy
Target 159.50
SL 155.50
WEEKLY STRATEGY
PERTICULAR DETAILS
Action Buy
Target 4110
SL 3925
DHANIYA
From last couple of trading weeks market is trading in range between the level of 4300 to 4390 with the negative senti-
ment support by 100 days moving average and recently market broken its up trend channel on its hourly chart indicat-
ing bearish trend from short term to mid term basis. It is having important support at the level of 4270 while resistance
place at the level of 4400 .One can make sell position below the support level of 4270 for the target of 4130 with stop
loss of 4330.
WEEKLY STRATEGY
PERTICULAR DETAILS
Action Sell
Target 4130
SL 4330
WEEKLY STRATEGY
PERTICULAR DETAILS
Action Sell
Target 60.7125
SL 61.5525
EURINR
Last week EURINR Jun Futures started the week on negative note and after that it witnessed sideways move for the
remaining part of the week. It made a low of 78.3900 during the week and closed at 78.8400 with the overall loss of
0.61% on weekly basis. Technically for this week, we can expect further downside movement in it as sustaining near to
the major support level 78.2950 with the negative RSI.For this week, if it breaks the level of 78.3900 then it can test
the level of 77.7900 during the week. One can make sell position in it by maintaining a SL 78.7125
WEEKLY STRATEGY
PERTICULAR DETAILS
Action Sell
Target 77.7900
SL 78.7125
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