Professional Documents
Culture Documents
Market Wrap-Up
Zinc 31-May-18 205.35 206.00 209.90 204.65 208.20 1.39% 20.78% -39.37%
Castor Seed 20-Jun-18 3941 3960 4128 3960 4089 3.76% 9.87% -53.07%
Chana 20-Jun-18 3573 3580 3628 3540 3573 0.00% 1.48% -1.95%
Dhaniya 20-Jun-18 4746 4750 4920 4712 4819 1.54% -88.63% 12.61%
Cottonseed Oil
20-Jun-18 1259.00 1265.00 1347.50 1254.00 1296.50 2.98% -14.57% -27.42%
Cake
Guargum5 20-Jun-18 8309 8332 8510 8255 8424 1.38% -7.57% -64.51%
Guarseed10 20-Jun-18 3792.00 3810.00 3868.00 3763.50 3827.50 0.94% -22.35% -52.98%
Jeera 20-Jun-18 15555 15585 16155 15480 15895 2.19% -13.06% -12.21%
RMseed 20-Jun-18 3879 3899 3948 3863 3919 1.03% -1.05% -53.44%
Ref Soya Oil 20-Jun-18 762.45 766.00 781.00 762.70 770.50 1.06% -1.59% -41.46%
Soyabean 20-Jun-18 3720 3718 3796 3685 3734 0.38% -10.16% 31.32%
Turmeric 20-Jun-18 7620 7718 7770 7340 7400 -2.89% -0.21% -59.46%
Mentha Oil 31-May-18 1300.30 1309.00 1405.00 1309.00 1333.20 2.53% 7.43% 1.47%
Continued…….
2 Copyright © 2018 Ways2Capital. All rights reserved 15/05/2018
Market Wrap-Up
LME Inventory
Closing In Tonnes Closing In Tonnes
Commodity % Change in Price
(As on 11th May 2018) (As on 04th May 2018)
Copper 285075 316400 -9.90%
Continued…….
4 Copyright © 2018 Ways2Capital. All rights reserved 15/05/2018
Inventory Updates
Crude Oil 21-May-18 5296 5014 4903 4732 4621 4450 4168
Natural Gas 25-May-18 205.45 196.45 193.10 187.45 184.10 178.45 169.45
Castor Seed 18-May-18 4345 4136 4012 3927 3803 3718 3509
Cottonseed Oil Cake 18-May-18 1487 1365 1320 1243 1198 1121 999
Ref Soya Oil 18-May-18 795 776 767 756 748 737 718
Mentha Oil 31-May-18 1380 1336 1318 1292 1274 1248 1204
BULLION
Gold prices managed to recover back from initial setbacks and settled near week
high. Traders turned back their attention and rushed for buying as prices ap-
proached near key support level of Rs.30850.whereas a trigger above the same
could lead them towards previous swing high of Rs.31620. On technical parameter
RSI is inching higher on daily time frame that is seen supportive for prices. On the
lower side Rs.31000 would be initial available support for the prices whereas
Rs.30850 can be seen as a key base in near term. Looking at the chart structure we
advise to buy gold on dips while considering mentioned levels.
BASE METALS
The London Metal Exchange three-month copper and aluminium price were down
(-0.2%) and (-0.4%) respectively while the rest of its peers managed to eke out
gains. At the time of writing LME lead outperformed with a strong gain of (+0.7%)
followed by tin with (+0.3%) while nickel and zinc were almost unchanged.But with
a total trading volume at 3,729 lots below the weekly average of 5,540 lots this
suggests a very quiet market as metals prices consolidates ahead of the annual
LME Asia Week gathering in Hong Kong.
ENERGY
The energy counter traded with strong bullish sentiments rallying for the fourth
consecutive week in a row. Uptrend on both daily and weekly charts is intact with
fresh buyers entering at every dip. Biassed of the week ahead remains bullish as
prices have given a breakout above Rs.4845/bbl and $71.86/bbl for Nymex
crude.Natural gas futures rose nearly three in American trade to April 27 highs as
the dollar index fell off December 22 highs following earlier data from China the
world's largest energy importer and the US the biggest energy consumer including
the EIA report that showed another inventory build up.
SPICES
Jeer failed to sustain higher because of easing buying interest in spot markets.
Good monsoon reports once again capped the upside. Slowing down of new
crop arrivals from Gujarat / Rajasthan are supporting market sentiments.
Rmseed Weekend profit taking kept the trend down and no bearish news was
reported. Rising demand on export and domestic front will support prices in
coming weeks. Normal Monsoon reports are likely to remain favourable for
the crop sowing from June and that could limit the up trend.
OILSEEDS
Mentha oil ended at 4% lower circuit as sellers participation improved. Rising de-
mand on the export front amidst low arrivals had supported the market of late.The
arrivals of the new crop in coming weeks could limit the uptrend. However supplies
will start improving June onwards therefore futures are unlikely to sustain above
1400 mark as of now.
It may be noted that the report was neutral to slightly bearish for soya oil. Soya oil
is a strong competitor of palm oil and both bear a strong positive correlation with
each other.In the current week palm oil outlook shall depend on production and
export prospects which will be crucial in guiding soya oil prices to a great extent.
GUAR COMPLEX
OTHERS
Futures traded with positive tone yesterday but failed to hold higher amid
limited spot buying interest ( against rising prices). The long term fundamen-
tals for RM seed are most likely to support prices after every moderate dip in
coming weeks.Cotton showed sideways to negative trend amid lack of bullish
cues from overseas markets. The May contract will difficult to sustain above
major resistance of 21000 in coming week. Fall in International markets are
likely to pressurize prices in the short term.
GOLD
From last couple of trading weeks Gold market trading in range between the 31500 - 31000. Last week Gold started
the week on positive note and contiune the same for the entire week. It closed at 31518 with the overall gain of 1.30%
on weekly basis. Technically for this week, we can expect further upside movement in it from the lower levels due to
formation of bullish candlestick pattern on daily chart.
WEEKLY STRATEGY
PERTICULAR DETAILS
Action Buy
Target 31770
SL 31565.
NATURAL GAS
Last week Natural Gas started the week on negative note but found enough support of 180 and bounce back from
lower level, we saw slight short covering in it from the lower levels. It closed at 189.80 with the overall loss of 4.11% on
weekly basis. Technically for this week, we can expect that market can contuine its rally to the level of 200.
For this week, if Natural Gas breaks the level of 191 then it can test the level of 205 during the week. One can make
buy position in it by maintaining a SL 18
WEEKLY STRATEGY
PERTICULAR DETAILS
Action Buy
Target 201.00
SL 186.00
WEEKLY STRATEGY
PERTICULAR DETAILS
Action Buy
Target 4060
SL 3859
SOYABEAN
For the current session June soybean is likely to trade with a negative note and may find comfortable in sustaining near
the level of 3700. On the other hand strong resistance will be seen around 3800. In coming week futures can show nega-
tive trend. Below the level of 3700 we can see next support level near the level of 3550 and then 3500. One can make
sell position with stop loss of 3758.
WEEKLY STRATEGY
PERTICULAR DETAILS
Action Sell
Target 3560
SL 3758
Last week JPYINR May Futures started the week on negative note but till the end of the week, all of its earlier losses
were erased and it closed at 61.7525 with the overall gain of 0.25% on weekly basis. Technically its sustaining above
the trend line breakout with the positive RSI and Moving Averages and for this week, we can expect good upside
movement in it.
WEEKLY STRATEGY
PERTICULAR DETAILS
Action BUy
Target 68.0000
SL 67.3400
JPYINR
Last week JPYINR May Futures started the week on negative note but till the end of the week, all of its earlier losses
were erased and it closed at 61.7525 with the overall gain of 0.25% on weekly basis. Technically its sustaining above
the trend line breakout with the positive RSI and Moving Averages and for this week, we can expect good upside
movement in it.
WEEKLY STRATEGY
PERTICULAR DETAILS
Action Buy
Target 62.3000
SL 61.5000
DISCLOSURE ( प्रकटीकरण) :
High Brow Market Research Investment Advisor Pvt. Ltd. or its associates does not do business with companies covered in research report nor is associated in any manner with any
issuer of products/ securities, this ensures that there is no actual or potential conflicts of interest. To ensure compliance with the regulatory body, we have resolved that the company
and all its representatives will not make any trades in the market.
हाई ब्रो माके ट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोगी कं पननयां अनुसंधान ररपोटा में शानमल कं पननयों के साथ कारोबार नहीं करती हैं और न ही ककसी भी तरह के उत्पादों / प्रनतभूनतयों के जारीकताा के साथ जुडी हैं, जो यह
सुनननित करता है कक नहतों के नलए कोई वास्तनवक या संभानवत संघषा नहीं है | ननयामक ननकाय के अनुपालन को सुनननित करने के नलए हमने यह तय ककया है कक कं पनी और उसके कोई भी प्रनतनननध बाज़ार में ट्रेड नहीं करेंगे।
Clients are advised to consider information provided in the report as opinion only & make investment decision of their own. Clients are also advised to read & understand terms &
conditions of services published on website. No litigations have been filed against the company since the incorporation of the company by regulatory body.
ग्राहकों को यह सलाह दी जाती है कक वे ररपोटा में दी गई जानकारी को के वल राय के रूप में देखें और ननवेश के नलए स्वयं िंै सला करें | ग्राहकों को वेबसाइट पर प्रकानशत सेवाओं के ननयमों और शतों को पढ़ने और समझने की भी सलाह दी जाती है |
कं पनी के ननगमन के बाद ननयामक ननकाय द्वाराकं पनी के नखलािं कोई मुकदमा (यानचका) दायर नहीं ककया गया है।