1 Morning Newsletter

(5th–JUNE- 2020)

2

Gold prices edged higher on Thursday but stayed at the lower end

of their recent range, as risk assets refused to give up most of the

gains posted in a sharp three-day rally.

DATA Watch: CANADA Employment Change, CANADA

Unemployment Rate, US Average Hourly Earnings m/m, US Non-

Farm Employment Change, US Unemployment Rate.

Precious Metals

31st-DEC-2019

Morning Newsletter

MCX GOLD Daily Chart

GOLD Commentary

Intraday View

Near term View

MCX SILVER Daily Chart SILVER Commentary

Silver futures rebounded 0.5% to trade just above $18 an ounce

again.

DATA Watch: CANADA Employment Change, CANADA

Unemployment Rate, US Average Hourly Earnings m/m, US Non-

Farm Employment Change, US Unemployment Rate.

Strategy Corner:

Buy GOLD above 46905 TGT 47095 / 47294 SL 46696

Sell GOLD below 46487 TGT 46298 / 46098 SL 46696

Strategy Corner:

Buy SILVER above 49099 TGT 49327 / 49585 SL 48811

Sell SILVER below 48523 TGT 48295 / 48037 SL 48811

Intraday View

Near term View

3 Morning Newsletter

4

Oil markets headed lower Thursday, on concerns record

production cuts will be scaled back amid disagreements within

OPEC over output reduction compliance.

DATA Watch: CANADA Employment Change, CANADA

Unemployment Rate, US Average Hourly Earnings m/m, US Non-

Farm Employment Change, US Unemployment Rate.

Energy

31st-DEC-2019

Morning Newsletter

MCX CRUDE OIL Daily Chart

CRUDE OIL Commentary

MCX NATURAL GAS Daily Chart NATURAL GAS Commentary

Natural-gas inventories are bulging before summer has begun and

neither domestic supply nor demand is the reason.

DATA Watch: Nil.

Strategy Corner:

Buy CRUDE OIL above 2850 TGT 2869 & 2895 SL 2817

Sell CRUDE OIL below 2786 TGT 2765 & 2739 SL 2817

Strategy Corner:

Buy NG above 139.4 TGT 140.2 & 141.3 SL 138

Sell NG below 136.6 TGT 135.8 & 134.7 SL 138

Intraday View

Near term View

Intraday View

Near term View

5

Copper has witnessed a low momentum trade.

DATA Watch: US Average Hourly Earnings m/m, US Non-Farm

Employment Change, US Unemployment Rate.

Base Metals

31st-DEC-2019

Morning Newsletter

MCX COPPER Daily Chart

COPPER Commentary

MCX ALUMINIUM Daily Chart ALUMINIUM Commentary

Aluminium has witnessed a low momentum trade.

DATA Watch: US Average Hourly Earnings m/m, US Non-Farm

Employment Change, US Unemployment Rate.

Strategy Corner:

Buy COPPER above 425.15 TGT 426.05 / 427.35 SL 423.65

Sell COPPER below 422.15 TGT 421.15 / 420.05 SL 423.65

Strategy Corner:

Buy ALUMINI above 134.1 TGT 134.3 & 134.55 SL 133.8

Sell ALUMINI below 133.5 TGT 133.3 & 133.05 SL 133.8

Intraday View

Near term View

Intraday View

Near term View

6

Lead has witnessed a low momentum trade.

DATA Watch: US Average Hourly Earnings m/m, US Non-Farm

Employment Change, US Unemployment Rate.

Base Metals

31st-DEC-2019

Morning Newsletter

MCX LEAD Daily Chart LEAD Commentary

MCX ZINC Daily Chart ZINC Commentary

Zinc has witnessed a low momentum trade.

DATA Watch: US Average Hourly Earnings m/m, US Non-Farm

Employment Change, US Unemployment Rate.

MCX NICKEL Daily Chart NICKEL Commentary

Nickel has witnessed a low momentum trade.

DATA Watch: US Average Hourly Earnings m/m, US Non-Farm

Employment Change, US Unemployment Rate.

Strategy Corner:

Buy LEADMINI above 136.95 TGT 137.4 & 137.95 SL 136.3

Sell LEADMINI below 135.65 TGT 135.2 & 134.65 SL 136.3

Strategy Corner:

Buy ZINCMINI above 162.35 TGT 163.05 & 163.85 SL 161.45

Sell ZINCMINI below 160.75 TGT 159.85 & 159.05 SL 161.45

Strategy Corner:

Buy NICKEL above 967 TGT 970.4 & 974.05 SL 962.2

Sell NICKEL below 957.4 TGT 954 & 949.9 SL 962.2

Intraday View

Near term View

Intraday View

Near term View

Intraday View

Near term View

7 Morning Newsletter

SUPPORTS & RESISTANCES

Commodity S3 S2 S1 Pivot Point R1 R2 R3

GOLD 46098 46298 46497 46696 46895 47095 47294

GOLDM 46088 46275 46461 46648 46835 47022 47208

SILVER 48037 48295 48553 48811 49069 49327 49585

SILVERM 48311 48621 48932 49242 49553 49863 50174

ALUMINIUM 133.05 133.3 133.55 133.80 134.05 134.3 134.55

COPPER 420.05 421.25 422.45 423.65 424.85 426.05 427.25

LEAD 134.65 135.2 135.75 136.3 136.85 137.4 137.95

ZINC 159.05 159.85 160.65 161.45 162.25 163.05 163.85

NICKEL 949.9 954 958.1 962.2 966.3 970.4 974.5

CRUDE OIL 2739 2765 2791 2817 2843 2869 2895

NATURAL GAS 134.7 135.8 136.9 138 139.1 140.2 141.3

Morning Newsletter

31st-DEC-2019

ECONOMIC CALENDER

Country Economic Event Forecast Previous Time

CANADA Employment Change -500.0K -1993.8K 6.00 PM

CANADA Unemployment Rate 15.0% 13.0% 6.00 PM

US Average Hourly Earnings m/m 1.0% 4.7% 6.00 PM

US Non-Farm Employment Change -8000K -20500K 6.00 PM

US Unemployment Rate 19.5% 14.7% 6.00 PM

8

RESEARCHED & PREPARED BY

B.KESAVAMOORTHY— SENIOR MANAGER (RESEARCH )

CONTACT NO: 0422-4700840

EMAIL ID: KESAVAMOORTHY.B@SKYCOMMODITIES.IN

LAL’S

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Morning Newsletter

Morning Newsletter

31st-DEC-2019