1 Morning Newsletter

Morning Newsletter (3rd– Sep- 2018)

2

The price of gold was driven higher as trade tensions pushed

investor sentiment from equities to commodities. Canadian and

American officials are negotiating the NAFTA trade agreement

ahead of a deadline at the end of the day.

DATA Watch: Nil.

Precious Metals

3rd-Sep-2018

Morning Newsletter

MCX GOLD Daily Chart

GOLD Commentary

Intraday View

Near term View

MCX SILVER Daily Chart SILVER Commentary

The U.S. dollar index, which measures the greenback’s strength

against a basket of six major currencies, rose 0.21% to 94.84.

silver futures up 0.28% to $14.635 a troy ounce.

DATA Watch: Nil.

Strategy Corner:

Buy GOLD above 30201 TGT 30254 / 30316 SL 30129

Sell GOLD below 30057 TGT 30005 / 29942 SL 30129

Strategy Corner:

Buy SILVER above 37656 TGT 37770 / 37913 SL 37482

Sell SILVER below 37308 TGT 37195 / 37051 SL 37482

Intraday View

Near term View

3

Oil prices slipped on Friday as concerns over the impact of a global

trade war depressed sentiment, although impending U.S.

sanctions on Iran and falling Venezuelan output limited losses.

DATA Watch: Nil.

Energy

31st-July-2017

Morning Newsletter

MCX CRUDE OIL Daily Chart

CRUDE OIL Commentary

MCX NATURAL GAS Daily Chart NATURAL GAS Commentary

Natural Gas Price Fundamental Daily Forecast – Short-Covering

Rally Catching Traders by Surprise.

DATA Watch: Nil.

Strategy Corner:

Buy CRUDE OIL above 4981 TGT 4991 & 5007 SL 4959

Sell CRUDE OIL below 4938 TGT 4927 & 4911 SL 4959

Strategy Corner:

Buy NG above 207.6 TGT 208.7 & 209.6 SL 206.6

Sell NG below 205.6 TGT 204.5 & 203.5 SL 206.6

Intraday View

Near term View

Intraday View

Near term View

Energy

3rd-Sep-2018

4

The Shanghai Futures Exchange has received the greenlight to

start trading the long-awaited copper options on September 21,

the China Securities Regulatory Commission (CSRC) said on Friday

August 31.

DATA Watch: GBP Manufacturing PMI, EUR German Buba

President Weidmann Speaks.

Base Metals

31st-July-2017

Morning Newsletter

MCX COPPER Daily Chart

COPPER Commentary

MCX ALUMINIUM Daily Chart ALUMINIUM Commentary

LME base metals end the week in negative territory due to dollar.

DATA Watch: GBP Manufacturing PMI, EUR German Buba

President Weidmann Speaks.

Strategy Corner:

Buy COPPER above 425.95 TGT 427.5 / 429.35 SL 423.8

Sell COPPER below 421.65 TGT 420.1 / 418.25 SL 423.8

Strategy Corner:

Buy ALUMINIUM above 150.85 TGT 151.4 & 152.05 SL 150.1

Sell ALUMINIUM below 149.35 TGT 148.8 & 148.15 SL 150.1

Intraday View

Near term View

Intraday View

Near term View

Base Metals

3rd-Sep-2018

5

Lead has witnessed a range bound trade.

DATA Watch: GBP Manufacturing PMI, EUR German Buba

President Weidmann Speaks.

Base Metals

31st-July-2017

Morning Newsletter

MCX LEAD Daily Chart LEAD Commentary

MCX ZINC Daily Chart ZINC Commentary

Zinc may expect a negative range bound trade.

DATA Watch: GBP Manufacturing PMI, EUR German Buba

President Weidmann Speaks.

MCX NICKEL Daily Chart NICKEL Commentary

Nickel has witnessed a negative rally ahead.

DATA Watch: GBP Manufacturing PMI, EUR German Buba

President Weidmann Speaks.

Strategy Corner:

Buy LEAD above 148.45 TGT 149.15 & 149.95 SL 147.55

Sell LEAD below 146.65 TGT 145.95 & 145.15 SL 147.55

Strategy Corner:

Buy ZINC above 177.4 TGT 178.5 & 179.7 SL 176.1

Sell ZINC below 174.8 TGT 173.7 & 172.5 SL 176.1

Strategy Corner:

Buy NICKEL above 920.2 TGT 929.1 & 939 SL 909.3

Sell NICKEL below 898.4 TGT 889.5 & 879.6 SL 909.3

Intraday View

Near term View

Intraday View

Near term View

Intraday View

Near term View

Base Metals

3rd-Sep-2018

6 Morning Newsletter

SUPPORTS & RESISTANCES

Commodity S3 S2 S1 Pivot Point R1 R2 R3

GOLD 29942 30005 30067 30129 30191 30254 30316

GOLDM 29974 30035 30096 30157 30218 30279 30340

SILVER 37051 37195 37338 37482 37626 37770 37913

SILVERM 37097 37238 37378 37519 37660 37801 37941

ALUMINIUM 148.15 148.8 149.45 150.1 150.75 151.4 152.05

COPPER 418.25 420.1 421.95 423.8 425.65 427.5 429.35

LEAD 145.15 145.95 146.75 147.55 148.35 149.15 149.95

ZINC 172.5 173.7 174.9 176.1 177.3 178.5 179.7

NICKEL 879.6 889.5 899.4 909.3 919.2 929.1 939

CRUDE OIL 4911 4927 4943 4959 4975 4991 5007

NATURAL GAS 204.5 205.2 205.9 206.6 207.3 208 208.7

Morning Newsletter

31st-July-2017

ECONOMIC CALENDER

Country Economic Event Forecast Previous Time

GBP Manufacturing PMI 53.9 54.0 2.00 PM

EUR German Buba President Weidmann Speaks - - 11.00 PM

Pivot Table & Economic Calendar

3rd-Sep-2018

7

RESEARCHED & PREPARED BY

B.KESAVAMOORTHY— SENIOR MANAGER (RESEARCH )

CONTACT NO: 0422-4700840

EMAIL ID: KESAVAMOORTHY.B@SKYCOMMODITIESMAILS.COM

LAL’S

Disclaimer

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Morning Newsletter

Morning Newsletter

31st-July-2017

Disclaimer

3rd-Sep-2018