Daily Commodity Roundup as on Wednesday, August 08, 2018

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Daily Commodity Roundup as on Wednesday, August 08, 2018
Daily Commodity Roundup as on Wednesday, August 08, 2018

Date : Wednesday, August 08, 2018    URL : www.systematixshares.com    Page No : 1
Daily Commodity Roundup as on Wednesday, August 08, 2018
1213.01                       15.41                     69.31
    INTERNATIONAL MARKET UPDATE

                                  GOLD $                SILVER $                           CRUDE $
                                               0.18                          0.44                     0.43

                                              1.1620                       1.29525                   111.348
                                  EURUSD                GBPUSD                             USDJPY
                                               0.19                          0.12                     -0.03

                                   LME         6199      LME                2610            LME      13960
                                  COPPER       0.69      ZINC                0.29          NICKEL     0.61

                                               2042       LME               2154                      95.05
                                    LME                                                    $ INDEX
                                  ALUMINIUM    0.44      LEAD                0.58                     -0.15

                                              37666                         11389                    25502
                                  SENSEX                 NIFTY                              DJIA
                                               -0.07                         0.02                     0.16

                                               68.85      S&P               2850                     22771
                                  USDINR                                                   NIKKEI
                                               -0.27     INDEX               0.35                     0.48

Date : Wednesday, August 08, 2018                         URL : www.systematixshares.com              Page No : 2
MCX Gold Oct 2018
Gold prices settled flat as the U.S. dollar fell versus China’s yuan against a backdrop of U.S.-China trade tensions.

Gold settled flat as the U.S. dollar fell versus China’s yuan against a
backdrop of U.S.-China trade tensions. U.S. data recently showed
investors added 13,931 contracts to their net short position in the week
to July 31, bringing it to 41,087 contracts, the biggest since records
became publicly available in 2006. Expectations for increased Chinese
stimulus helped take the edge off wider concerns about the worsening
Sino-U.S. trade dispute. The United States will begin collecting 25 percent
tariffs on another $16 billion in Chinese goods on Aug. 23, the U.S. Trade
Representative’s office said on Tuesday as it published a final tariff list
targeting 279 imported product lines. Companies doing business with Iran
will be barred from the United States, President Donald Trump said on
Tuesday, as new U.S. sanctions took effect despite pleas from
Washington’s allies. U.S. job openings held near record highs in June
amid a modest decline in hiring, pointing to a further tightening of labour
market conditions, which economists hope will soon spur faster wage
growth. The prospect of a “no-deal Brexit” appears to have grown after
the European Union’s negotiator rejected last month central elements of
Prime Minister Theresa May’s proposals for a new trade agreement. Gold-
backed exchange-traded funds (ETFs) saw outflows in North America,
Europe and Asia in July as a strong U.S. dollar helped weaken gold prices,
the World Gold Council said. SPDR Gold Trust, said its holdings fell 0.15
                                                                               OPEN                HIGH                 LOW                CLOSE              % CHANGE    OPEN INTEREST
percent to 787.53 tonnes on Tuesday from 788.71 tonnes on Monday.
Technically now Gold is getting support at 29544 and below same could         29668               29734                29585               29597                -0.11         7860
see a test of 29490 level, And resistance is now likely to be seen at
29693, a move above could see prices testing 29788.                           RESIST 3           RESIST 2            RESIST 1            SUPPORT 1            SUPPORT 2    SUPPORT 3
                                                                              29842               29788                29693               29544               29490         29395
                                                                                         Trading Ideas :
   #      Gold trading range for the day is 29490-29788.
   #      Expectations for increased Chinese stimulus helped take the edge off wider concerns about the worsening Sino-U.S. trade dispute.
   #      Gold prices have declined nearly 12 percent since mid-April, pressured by a stronger U.S. dollar from an ongoing U.S.-China trade dispute.
   #      The U.S. Federal Reserve is widely expected to raise benchmark lending rates, for the third time this year, at its next policy meet in September.

Date : Wednesday, August 08, 2018                                                        URL : www.systematixshares.com                                                      Page No : 3
MCX Silver Sep 2018
Silver prices settled flat as a weaker dollar boosted demand for the precious metal.

Silver settled flat as a weaker dollar boosted demand for the precious
metal. Expectations that the Federal Reserve will push forward with rate
hikes, with markets pricing in moves in both September and December,
have supported the dollar. The US imposed new sanctions on Iran
targeting its access to dollars, precious metals, and gold, with President
Donald Trump describing them as “the most biting ever imposed”. US job
openings held near record highs in June amid a modest decline in hiring,
pointing to further tightening labour market conditions, which economists
hope will soon spur faster wage growth. Last Friday saw the release of the
US payrolls report, which showed the unemployment rate fell to 3.9% as
expected from 4.0% in June, while average hourly earnings rose 0.3% as
expected, up from 0.1% in June. The economy added 157 thousand jobs
last month, down from 248 thousand in June, and missing estimates of
191K. Data from Germany's Ministry for Economic Affairs and Energy
showed the country’s industrial output dropped 0.9% month on month in
June, missing a forecast for a fall of 0.5%. China's foreign exchange
reserves rose $5.8 billion, or 0.19%, from a month earlier to $3.118
trillion at the end of July, the central bank said. The increase followed a
month-on-month rise of about $1.5 billion in June, according to the
People's Bank of China (PBOC). Technically market is under fresh selling
as market has witnessed gain in open interest by 0.17% to settled at
                                                                               OPEN                HIGH                 LOW                 CLOSE           % CHANGE          OPEN INTEREST
26732 while prices down -13 rupees, now Silver is getting support at
37765 and below same could see a test of 37648 level, And resistance is       37967               38179                37855                37883             -0.03              26732
now likely to be seen at 38089, a move above could see prices testing
38296.                                                                        RESIST 3           RESIST 2             RESIST 1            SUPPORT 1         SUPPORT 2          SUPPORT 3
                                                                              38413               38296                38089                37765            37648               37441
                                                                                         Trading Ideas :
   #      Silver trading range for the day is 37648-38296.
   #      Expectations that the Federal Reserve will push forward with rate hikes, with markets pricing in moves in both September and December, have supported the dollar.
   #      U.S. job openings held near record highs in June amid a modest decline in hiring, pointing to a further tightening of labour market conditions.
   #      Holdings at ishares silver trust dropped by 0.57% i.e. 58.50 tonnes to 10215.81 tonnes from 10274.31 tonnes.

Date : Wednesday, August 08, 2018                                                        URL : www.systematixshares.com                                                          Page No : 4
MCX Crudeoil Aug 2018
Crude oil settled flat after prices seen supported amid reports that the U.S. restored sanctions against Iran, the world’s fifth-largest oil producer.

Crude oil settled flat after prices seen supported amid reports that the
U.S. restored sanctions against Iran, the world’s fifth-largest oil producer.
Oil prices were also boosted by a report from the Energy Information
Administration (EIA), estimating domestic oil production will grow at a
slower rate than previously forecast. The EIA cut its 2018 U.S. crude
output estimate to 10.68 million bpd from 10.79 million bpd and its 2019
output estimate to 11.7 million bpd from 11.8 million bpd, citing lower
crude prices are expected to curb U.S. shale oil output. The U.S.
government introduced a raft a new sanctions against Iran on Tuesday,
targeting Iran's purchases of U.S. dollars - in which oil is traded - metals
trading, coal, industrial software and its auto sector. From November,
Washington will also target Iran's petroleum sector. Iran is a major
exporter of crude oil, shipping out almost 3 million barrels per day (bpd)
of crude in September, equivalent to around 3 percent of global demand.
Beyond the sanctions, the oil market was focusing on the U.S. market,
where the American Petroleum Institute said on Tuesday that crude
inventories fell by 6 million barrels in the week to Aug. 3 to 407.2 million.
Official U.S. fuel storage data is due to be released later on Wednesday
by the Energy Information Administration (EIA). Technically market is
under long liquidation as market has witnessed drop in open interest by -
6.06% to settled at 9579 while prices down -5 rupees, now Crudeoil is            OPEN                HIGH                 LOW                 CLOSE        % CHANGE    OPEN INTEREST
getting support at 4734 and below same could see a test of 4705 level,           4758                4798                4737                 4762            -0.10        9579
And resistance is now likely to be seen at 4795, a move above could see
prices testing 4827.
                                                                                RESIST 3           RESIST 2            RESIST 1            SUPPORT 1       SUPPORT 2    SUPPORT 3
                                                                                 4856                4827                4795                 4734            4705         4673
                                                                                           Trading Ideas :
    #      Crudeoil trading range for the day is 4705-4827.
    #      Oil prices were also boosted by a report from EIA, estimating domestic oil production will grow at a slower rate than previously forecast.
    #      The EIA cut its 2018 U.S. crude output estimate to 10.68 mbpd from 10.79 million bpd and its 2019 output estimate to 11.7 mbpd from 11.8 mbpd.
    #      The U.S. has restored sanctions against Iran as President Donald Trump reaffirmed plans to impose more penalties on the country’s oil sales in November.

Date : Wednesday, August 08, 2018                                                          URL : www.systematixshares.com                                                 Page No : 5
MCX Copper Aug 2018
Copper prices seen support on fears a wage dispute at the world’s largest copper mine could result in a strike if an agreement isn’t reached.

Copper on MCX settled up 0.63% at 418.10 gained after the dollar
weakened against a basket of major currencies as its recent rally fuelled
by U.S.-China trade tensions appeared to fizzle. The dollar inched down
versus a basket of currencies , making dollar-denominated assets like
copper cheaper for holders of other currencies, even after the U.S. Trade
Representative's office said the U.S. would begin collecting 25 percent
tariffs on another $16 billion in Chinese goods later this month. Despite
the threats of labour strikes at big copper mines including Escondida in
Chile, copper prices have fallen nearly 15 percent this year. The union at
Chile's Escondida copper mine, the world's largest, said that BHP must
alter its negotiating strategy and improve its contract offer during the
final phase of talks if it hoped to avoid a strike. LME copper gained 0.7
percent to finish at $6,175 a tonne, with gains tempered after BHP
formally requested government mediation at its Escondida copper mine in
Chile, the world’s largest, prompting the union to postpone the start of a
planned strike. Elsewhere, copper bucked the general show of strength
from the SHFE base metals complex to dip 70 yuan per tonne so far. The
weakness comes despite ongoing labor unrest in South America, including
a strike at the world’s largest copper mine by production, Escondida.
Ongoing concerns about the impact of the trade conflict between US and
China continues to weigh on sentiment. Technically market is under short
covering as market has witnessed drop in open interest by -7.41% to              OPEN             HIGH              LOW                 CLOSE         % CHANGE    OPEN INTEREST
settled at 28028 while prices up 2.6 rupees, now Copper is getting              417.00            420.70           416.50              418.10           0.63         28028
support at 416.1 and below same could see a test of 414.2 level, And
resistance is now likely to be seen at 420.3, a move above could see
prices testing 422.6.                                                           RESIST 3         RESIST 2         RESIST 1           SUPPORT 1        SUPPORT 2    SUPPORT 3
                                                                                 424.5            422.6             420.3               416.1          414.2         411.9
                                                                                           Trading Ideas :
   #      Copper trading range for the day is 414.2-422.6.
   #      China's $60 billion tariffs on US goods see little impact on copper
   #      Miner BHP said requested government mediation with union at its Escondida copper mine, prompting union to postpone the start of a strike.
   #      Warehouse stock for Copper at LME was at 248050mt that is down by -1850mt.

Date : Wednesday, August 08, 2018                                                          URL : www.systematixshares.com                                            Page No : 6
MCX Zinc Aug 2018
Zinc gained as a rising yuan kept the dollar on the back foot and easing U.S.-China trade war concerns supported sentiment.

Zinc on MCX settled up 1.09% at 180.55 gained on short covering amid
optimism top consumer China will prop up its economy with stimulus
measures and that the country’s currency is stabilising. Support also seen
after the update that maintenance lowered output of refined zinc across
Chinese smelters to 408,400 mt in July, down 21,700 mt or 5.1% from
June. This is down 10.2% from July 2017. Total output in the first seven
months of the year stood at 3.1 million mt, up 1.7% on the year. High
temperatures, the low season and losses drove some smelters to
undertake maintenance in July, when SHFE zinc prices dipped to 20,000
yuan/mt. Support also seen after Chinese infrastructure firms received a
boost from expectations of increased spending on public works projects.
China Railway was reported in domestic media as saying China would
boost its fixed asset investment in railways to $117 billion in 2018, an
increase of 9.3 percent over its original plan. Last week, when the
Chinese government tried to stop the yuan depreciating, was the trigger
which supported the bottoming of the metals. Three-month zinc on the
London Metal Exchange closed 1.3 percent higher in final open outcry
trading at $2,600 a tonne after falling 2.4 percent on Monday. Now trader
will eye on key things to watch today include China’s trade balance in
July, US weekly crude oil inventory data from the EIA and Richmond Fed
President Thomas Barkin’s speech. Technically market is under short
covering as market has witnessed drop in open interest by -3.06% to           OPEN                 HIGH                 LOW                 CLOSE            % CHANGE    OPEN INTEREST
settled at 4463 while prices up 1.95 rupees, now Zinc is getting support      178.7                181.2               178.7                180.6              1.09          4463
at 179.2 and below same could see a test of 177.7 level, And resistance
is now likely to be seen at 181.7, a move above could see prices testing
182.7.                                                                       RESIST 3            RESIST 2             RESIST 1           SUPPORT 1           SUPPORT 2    SUPPORT 3
                                                                              184.2                182.7               181.7                179.2             177.7         176.7
                                                                                        Trading Ideas :
   #      Zinc trading range for the day is 177.7-182.7.
   #      China’s social inventory of zinc across Shanghai, Tianjin and Guangdong edged down as limited import arrivals failed to drive up overall stocks.
   #      pot zinc trades in the Shanghai market slowed from last Friday as buyers hesitated and sellers hardly lowered offers.
   #      Warehouse stock for Zinc at LME was at 232625mt that is down by -900mt.

Date : Wednesday, August 08, 2018                                                       URL : www.systematixshares.com                                                      Page No : 7
MCX Nickel Aug 2018
Nickel gained as dollar softened and as Chinese yuan showed more stability after the country’s central bank raised the cost of shorting the currency.

Nickel on MCX settled up 1.02% at 950.90 tracking firmness from LME
nickel prices which climbed 1.2 percent to finish at $13,850 per tonne,
supported by a rally in Chinese steel prices to their strongest since April
2012 amid production curbs. While overall sentiments still remain weak
as pressure will be seen after the news that Nickel production rose 4.7%
on the month and stood at 12,400 mt in July. This is down 9.7% year on
year. More working days and better profitability at smelters in south
China accounted for the month-on-month growth. Output during January-
July fell 8.3% from the same period last year, and came in at 83,700 mt.
Domestic nickel production is likely to stand at 12,500 mt in August as
operating rates are likely to remain largely flat on a monthly basis.
Producers resumed production after the first round of environmental
reviews, but limited capacity release and extended checks in Jiangsu
limited output growth in July. Production dipped 3.5% from a year ago. In
July, high-grade NPI output gained 5.1% month on month to 29,700 mt
in nickel content and low-grade NPI output grew 0.6% on the month to
4,300 mt in nickel content. Overall NPI production during January-July
stood at 253,900 mt in nickel content, up 13.4% year on year. Output in
August is expected to expand 8.9% on the month to 37,000 mt, as
output resumption continues. Now trader will eye on key things to watch
today include China’s trade balance in July, US weekly crude oil inventory
                                                                                OPEN              HIGH                LOW                 CLOSE            % CHANGE     OPEN INTEREST
data from the EIA and Richmond Fed President Thomas Barkin’s speech.
Technically now Nickel is getting support at 940.2 and below same could          940              954.4               936.6               950.9                1.02         7710
see a test of 929.5 level, And resistance is now likely to be seen at 958, a
move above could see prices testing 965.1.                                     RESIST 3         RESIST 2            RESIST 1           SUPPORT 1           SUPPORT 2     SUPPORT 3
                                                                                975.8             965.1               958.0               940.2               929.5        922.4
                                                                                          Trading Ideas :
    #      Nickel trading range for the day is 929.5-965.1.
    #      China unveiled tariffs on 5,207 items imported from US, with the extra levies ranging from 5 percent to 25 percent, say could eventually undermine growth.
    #      The price spread between Jinchuan and Norilsk nickel remained wide in the Shanghai spot market due to tight supply of Jinchuan materials.
    #      Warehouse stock for Nickel at LME was at 251466mt that is down by -372mt.

Date : Wednesday, August 08, 2018                                                         URL : www.systematixshares.com                                                   Page No : 8
NCDEX Jeera Sep 2018
Jeera dropped on profit booking after prices gained tracking good physical and exports demands from China and Bangladesh.

Jeera on NCDEX settled down by -2.33% at 20145 on profit booking after
prices gained supported by improved physical and export demand. Prices
in recent period remained positive supported by hopes of strong export
demand despite good arrivals and production during this season. India is
expected to export a record 175,000 tn of jeera in 2018-19 (Apr-Mar),
primarily because supply from its competitors has taken a hit making it
the sole supplier of the largely sought after spice. Supply of jeera from
Syria and Turkey--India's main rivals in the global jeera export market--
has been hit both in terms of quantity and quality due to adverse
weather, according to exporters. Having hit a record high of 155,000 tn in
2014-15, jeera exports fell to 97,790 tn in 2015-16, and 143,670 tn in
the year ended March, according to data from Spices Board India. Jeera
output is expected to be bumper and supplies are likely to increase in the
coming days. The Federation of Indian Spices Stakeholders (FISS) -
projected India's 2017-18 jeera output at 6.92 million bags up 19% on
year on the back of higher acreage and favourable weather. In Unjha, a
key spot market in Gujarat, jeera edged down by -158 Rupees to end at
19734.6 Rupees per 100 kg.Technically market is under fresh selling as
market has witnessed gain in open interest by 7.39% to settled at 6102
while prices down -480 rupees, now Jeera is getting support at 19900 and      OPEN                HIGH                 LOW                CLOSE       % CHANGE    OPEN INTEREST
below same could see a test of 19650 level, And resistance is now likely     20060               20350                19910               20000         -0.72         6651
to be seen at 20540, a move above could see prices testing 20930.

                                                                             RESIST 3           RESIST 2            RESIST 1            SUPPORT 1     SUPPORT 2    SUPPORT 3
                                                                             20700               20525                20260               19820        19645         19380
                                                                                        Trading Ideas :
   #      Jeera trading range for the day is 6667-6667.
   #      India's cumin output fell to 489,000 ton from 503,000 ton a year ago and as a result stocks with traders and farmers are stated to lower.
   #      NCDEX accredited warehouses jeera stocks gained by 668 tonnes to 3081 tonnes.
   #      In Unjha, a key spot market in Gujrat, jeera remains unchanged at0 rupees to end at 19726 rupee per 100 kg.

Date : Wednesday, August 08, 2018                                                       URL : www.systematixshares.com                                               Page No : 9
NCDEX Turmeric Sep 2018
Turmeric prices settled flat as sowing is expected to be higher this year and stocks are comfortable.

Turmeric settled flat as sowing is expected to be higher this year and
stocks are comfortable. Turmeric area is seen up this year due to
attractive prevailing prices. In Telangana, turmeric acreage grew to
46,692 hectare until August 1 from 41,715 hectare a year ago, state
government data showed. In Andhra Pradesh, Turmeric sowing reported
12,320 hectares as compared to 7,998 hectares in the corresponding
period last year, 68% sowing completed from season normal. In
Telangana, Turmeric sowing as on 01 August 2018 reported 46,692
hectares as compared to 41,715 hectares in the corresponding period last
year. 85% sowing completed from season normal. As per estimates, in
normal monsoon condition Turmeric all India area may go up by 12 - 14%
as compared to last year due to higher prices. Spot turmeric prices
increased at the markets in Erode as the farmers brought in quality
produce. Arrivals too were up at 3,600 bags and 70 per cent of them
were traded. Regarding the price, finger variety was up Rs. 100 a quintal
and root variety gained Rs. 120. At the Erode Turmeric Merchants
Association, the finger turmeric went for Rs. 5,889-8,699 a quintal and
the root variety for Rs. 5,600-7,509. Of the 2,573 bags on offer, 987
were sold. In Nizamabad, a major spot market in AP, the price ended at
7329.75 Rupees dropped -90.25 Rupees.Technically market is under
fresh buying as market has witnessed gain in open interest by 14.81% to       OPEN             HIGH               LOW                CLOSE     % CHANGE    OPEN INTEREST
settled at 15625, now Turmeric is getting support at 7220 and below           7270             7340               7216               7282        0.05         15625
same could see a test of 7156 level, And resistance is now likely to be
seen at 7344, a move above could see prices testing 7404.
                                                                             RESIST 3         RESIST 2          RESIST 1           SUPPORT 1   SUPPORT 2    SUPPORT 3
                                                                              7468             7404               7344               7220        7156          7096
                                                                                        Trading Ideas :
   #      Turmeric trading range for the day is 7156-7404.
   #      In Telangana, turmeric acreage grew to 46,692 hectare until August 1 from 41,715 hectare a year ago, state government data showed.
   #      NCDEX accredited warehouses turmeric stocks dropped by 79 tonnes to 5156 tonnes.
   #      In Nizamabad, a major spot market in AP, the price ended at 7329.75 Rupees dropped -90.25 Rupees.

Date : Wednesday, August 08, 2018                                                       URL : www.systematixshares.com                                       Page No : 10
MCX Menthaoil Aug 2018
Mentha oil prices rallied due to bullish demand outlook from domestic market as well as exporters.

Mentha oil on MCX settled up by 1.4% at 1551.8 due to bullish demand
outlook from domestic market as well as exporters. Spot markets are also
witnessing strong consumption demand amid restricted supplies. Bumper
crop harvest has been discounted in the market and market is moving
upwards on rising demand from end users. Arrivals in Sambhal stood at
400 drums compared to 350 drum a day ago while in Barabanki supplies
rose to 500 drums from 450 drums a day earlier. According to preliminary
estimates, mentha oil production in 2018-19 would be 40,000-45,000 ton
against last year's production of 35,000 tons. There could be chances of
crop damage to certain extend due to unfavourable weather condition.
Besides, farmers are likely to hold back the stocks as the present prices
are not remunerative for them. However, in recent years, the growth in
production and consumption of synthetic mentha has influenced the
demand for natural mentha. As per sources, India contributes around
80% to the total global mentha oil production. Total global production
stood at around 48,000 tonnes, out of which India produces between
30,000-40,000 tonnes. According to estimates, mentha oil production in
India for crop year 2016-17 will be around 38,000 tonnes.     Mentha oil
spot at Sambhal closed at 1813.10 per 1kg. Spot prices was up by
Rs.18.50/-.Technically market is under short covering as market has
witnessed remain unchanged in open interest by 0% to settled at 1432
                                                                              OPEN               HIGH           LOW              CLOSE      % CHANGE    OPEN INTEREST
while prices up 21.4 rupees, now Menthaoil is getting support at 1533.2
and below same could see a test of 1514.6 level, And resistance is now       1538.40          1562.00         1529.00           1551.80       1.40          1432
likely to be seen at 1566.2, a move above could see prices testing
1580.6.                                                                      RESIST 3         RESIST 2        RESIST 1          SUPPORT 1   SUPPORT 2    SUPPORT 3
                                                                             1599.2              1580.6        1566.2            1533.2      1514.6        1500.2
                                                                                        Trading Ideas :
   #      Menthaoil trading range for the day is 1514.6-1580.6.
   #      Mentha oil spot at Sambhal closed at 1813.10 per 1kg. Spot prices was up by Rs.18.50/-.
   #      Spot markets are also witnessing strong consumption demand amid restricted supplies.
   #      Bumper crop harvest has been discounted in the market and market is moving upwards on rising demand from end users.

Date : Wednesday, August 08, 2018                                                       URL : www.systematixshares.com                                    Page No : 11
DAILY MARKET TRADING LEVEL
                                                                                                                                                                                            NCDEX
                    NCDEX CHANA Sep       NCDEX Cotton Oct   NCDEX Jeera Oct     NCDEX Guarseed10      NCDEX Turmeric       NCDEX Rmseed Sep                          NCDEX Soyabean
COMMODITIES                                                                                                                                  MCX CPO Aug 2018                             Ref.Soya oil
                         2018                  2018              2018                Oct 2018             Sep 2018                2018                                   Oct 2018
                                                                                                                                                                                           Sep 2018
    CLOSE                  4193               23990               20000                   4364                 7282               4146                   593.6             3393             735.85
                           4286                24350                20700                 4555                 7468               4195                   598.9             3431               747
 RESISTANCE                4242                24250                20525                 4467                 7404               4175                   597.1             3420               742
                           4217                24120                20260                 4416                 7344               4161                   595.3             3406               738
   P. POINT                4173               24020               20085                   4328                 7280               4141                   593.5             3395              733
                           4148                23890                19820                 4277                 7220               4127                   591.7             3381               729
  SUPPORT                  4104                23790                19645                 4189                 7156               4107                   589.9             3370               724
                           4079                23660                19380                 4138                 7096               4093                   588.1             3356               720
   Cng in OI               4.43                1.36                 9.00                 -5.31                14.81               9.27                   -2.55             1.29              3.39
    TREND               Fresh Buying        Fresh Buying       Fresh Selling          Short Covering     Fresh Buying          Fresh Buying          Short Covering     Fresh Buying      Fresh Buying

                          LME DAILY STOCK POSITION                                                                                   ECONOMICAL DATA
    0                                                         0                                        TIME       ZONE                             DATA                        Forecast     Previous

            COPPER         ALUMINIUM         NICKEL          LEAD              ZINC                    12:30am        USD                Consumer Credit m/m                    16.2B       24.6B
                                              -372
 -1000
                                                                               -900                    8:00pm         USD                Crude Oil Inventories                  -2.8M        3.8M
         Commodity
              LME STOCK           Stock
 -2000   COPPER         -1850    248050
                -1850                                                                                  10:31pm        USD                     10-y Bond Auction                   0        2.86|2.6
         ALUMINIUM      -7250 1170300
 -3000   NICKEL          -372    251466
                                                                                                          0            0                             0                            0            0
         LEAD                    125775
         ZINC            -900    232625
 -4000                                                                                                  0:00           0                             0                            0            0

 -5000                                                                                                    0            0                             0                            0            0

 -6000                                                                                                    0            0                             0                            0            0

                                                                                                          0            0                             0                            0            0
 -7000
                                -7250                                                                     0            0                             0                            0            0
 -8000
                                                                                                          0            0                             0                            0            0
                                          LME STOCK

Date : Wednesday, August 08, 2018                                                        URL : www.systematixshares.com                                                            Page No : 12
NEWS YOU CAN USE

After a weak start to the year, the euro area economy grew at the slowest pace in two years in the second quarter, while inflation exceeded the central bank's target
again in July, official data showed. According to a preliminary flash estimate from Eurostat, gross domestic product grew 0.3 percent from the first quarter, when the
economy expanded 0.4 percent. A similar slower growth was last seen in the second quarter of 2016. On a yearly basis, GDP growth eased to 2.1 percent from 2.5
percent in the previous quarter. Among major economies, France expanded only 0.2 percent due to weak household consumption. Elsewhere, Spain logged its weakest
growth in four years in the second quarter, with GDP rising 0.6 percent. At 0.2 percent, Italy's GDP growth was the weakest in two years in the second quarter.
Separately, flash data from Eurostat showed that inflation accelerated for a third straight month in July to its highest level since late 2012. Largely driven by energy
prices, harmonized inflation in the currency bloc rose to 2.1 percent in July from 2 percent in June. The annual rate was expected to remain at 2 percent.

Indian gold demand is set to improve in the second half of 2018, after falling 6 percent in the first half, as government steps to boost farmers' incomes are expected to lift
rural buying power, the World Gold Council (WGC) said. Higher demand from the world's second-biggest gold consumer could support global prices that are trading near
their lowest in a year, although a rise in imports of the precious metal would widen India's trade deficit. A hike in crop prices and farm loan waivers would improve rural
demand in the second half of the year, Somasundaram PR, managing director of WGC's Indian operations, told. Two-thirds of India's gold demand comes from rural areas,
where jewellery is a traditional store of wealth. India last month raised the government-mandated price for summer-sown crops such as rice and cotton by the most since
Prime Minister Narendra Modi came to power in 2014, a move that analysts said was aimed at wooing millions of poor farmers ahead of a general election next year.In the
April-June quarter, Indian gold demand fell 8 percent from a year ago to 187.2 tonnes, hit by a rally in local prices due to a depreciating rupee , the WGC said in a report.
Despite the fall, the WGC maintained a 2018 demand estimate of between 700 and 800 tonnes versus 763.4 tonnes last year.

India is likely to receive below-normal monsoon rains in 2018, a private weather forecaster said, raising concerns over farm output and economic growth in Asia's third-
biggest economy, where half the farmland lacks irrigation. The monsoon delivers about 70 percent of India's annual rainfall, critical for the farm sector that accounts for
about 14 percent of India's $2 trillion economy and employs more than half of the country's 1.3 billion people. Lower rainfall could raise the price of food, which is
weighted at nearly half of the consumer inflation index, and could add to pressure on central bank to raise interest rates. India's June-September monsoon season is likely
to see only 92 percent of the long-period average (LPA) rainfall, down from earlier forecast of 100 percent, weather agency Skymet said in a statement. India's weather
office defines average, or normal, rainfall as between 96 percent and 104 percent of a 50-year average of 89 cm for the entire four-month season. In the first half of
monsoon season India received 6 percent less rainfall than normal, according to the official state-run India Meteorological Department (IMD), which has forecast 97
percent rainfall during the season.

Date : Wednesday, August 08, 2018                                              URL : www.systematixshares.com                                                   Page No : 13
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Date : Wednesday, August 08, 2018                                                                                                       URL : www.systematixshares.com                                                                                                              Page No : 14
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