Commodity Special Weekly Journal

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24 CARAT FINANCIAL SERVICES

3rd to 6th October 2017

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Market Weekly Wrapup
25th to 29th September 2017

Scrip Contract Open Price High Low Close Price

Gold 05-Oct-2017 29510 30169 29510 29565

Silver 05-Dec-2017 39601 40595 39309 39461

Crude Oil 18-Oct-2017 3284 3472 3280 3371

Natural Gas 26-Oct-2017 193.10 203.90 189.50 198.50

Copper 30-Nov-2017 423.50 433.40 421.60 427.95

Zinc 31-Oct-2017 201.5 209.80 200.75 207.25

Lead 31-Oct-2017 161.35 164.50 160.45 163.20

Aluminium 31-Oct-2017 138.90 140.30 136.80 137

Nickel 31-Oct-2017 681 708.30 671.90 689.20

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Weekly Support & Resistance
3rd to 6th October 2017

Scrip Contract RES-2 RES-1 PIVOT SUP.1 SUP.2

Gold 05-Oct-2017 30407 29986 29748 29327 29089

Silver 05-Dec-2017 41077 40273 39791 38987 38505

Crude Oil 18-Oct-2017 3566 3469 3374 3277 3182

Natural Gas 26-Oct-2017 212 205 197 191 183

Copper 30-Nov-2017 439 434 428 422 416

Zinc 31-Oct-2017 215 211 206 202 197

Lead 31-Oct-2017 167 165 163 161 159

Aluminium 31-Oct-2017 142 139 138 136 135

Nickel 31-Oct-2017 822 756 714 647 605

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MCX Outlook
3rd to 6th October 2017

MCX records Rs. 11,048.93 crore in daily turnover

India's Multi Commodity Exchange has recorded a daily turnover of Rs. 11048.93 crore in session 1 on Friday, September 29, 2017. MCX
Comdex, the composite index of metals, energy and agri-commodities was down by 5.40 point to 3354.07 point.
MCX Metal index was reached at 4964.80 and MCX Energy index was reached at 2505.30 while MCX Agri index reached at 2500.96 point.
MCX COMDEX is India's maiden real-time Composite Commodity Index based on commodity futures prices of an exchange.
Bullion
GOLD Oct17 contract was up by 0.09% to Rs. 29634.00 per 10 gram. GOLD Dec17 contract was up by 0.17% to Rs. 29801.00 per 10
gram. GOLDM Oct17 contract was up by 0.16% to Rs. 29671.00 per 10 gram.
GOLDM Nov17 contract was up by 0.20% to Rs. 29737.00 per 10 gram. GOLDGUINEA Sep17 contract was up by 0.16% to Rs. 23636.00
per 8 gram. GOLDPETAL Sep17 contract was up by 0.72% to Rs. 2928.00 per gram.
SILVER Dec17 contract was up by 0.03% to Rs. 39761.00 per kg. SILVER Mar18 contract was up by 0.17% to Rs. 40349.00 per kg.
SILVERM Nov17 contract was up by 0.01% to Rs. 39775.00 per kg. SILVERM Feb18 contract was up by 0.04% to Rs. 40381.00 per kg.
SILVERMIC Nov17 contract was up by 0.02% to Rs. 39772.00 per kg.
Metals
COPPER Nov17 contract was down by 0.51% to Rs. 429.55 per kg. COPPERM Nov17 contract was down by 0.50% to Rs. 429.60 per kg.
NICKEL Sep17 contract was down by 0.52% to Rs. 675.70 per kg. NICKELM Sep17 contract was down by 0.53% to Rs. 675.60 per kg.
ALUMINIUM Sep17 contract was down by 0.51% to Rs. 137.70 per kg.
ALUMINI Sep17 contract was down by 0.51% to Rs. 137.70 per kg. LEAD Sep17 contract was up by 0.37% to Rs. 163.25 per kg.
LEADMINI Sep17 contract was up by 0.40% to Rs. 163.25 per kg. ZINC Sep17 contract was down by 0.41% to Rs. 208.4 per kg.
ZINCMINI Sep17 contract was down by 0.43% to Rs. 208.4 per kg.
Energy
CRUDEOIL Oct17 contract was down by 0.06% to Rs. 3371.00 per BBL. CRUDEOILM Oct17 contract was down by 0.18% to Rs. 3366.00
per BBL. NATURALGAS Oct17 contract was up by 0.30% to Rs. 198.90 per MMBTU.

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Market News
3rd to 6th October 2017

Special News

Sebi to allow MFs, PMS in commex derivatives soon

Commodity derivatives markets (CDM) could see a deepening of participation within the next six months, with the regulator in advanced
stages of permitting mutual funds and portfolio management service (PMS) providers to trade on the 14-year-old platform, Sebi ED SK
Mohanty said on the sidelines of FICCI conference here on Tuesday.

Mohanty also called upon big corporate houses to hedge on domestic exchanges in the light of the upcoming institutional participation
instead of participating in overseas exchanges.
ET first reported about MFs and PMS being allowed in commodity derivatives in the coming months in its edition of September 11.

WGC to form panel to set up spot gold bourse in India

MUMBAI: The World Gold Council (WGC) plans to form a committee soon to help set up India's first spot gold exchange within 12 to 18
months, a senior official of the industry body said on Thursday.
A dedicated exchange for physical gold is expected to pave the way for standard gold pricing practices in India, apart from bringing in
transparency into a market which sees large cash transactions.
"We will be taking lead in forming the committee, which will have all the stakeholders," Somasundaram PR, managing director of the
WGC's Indian operations, told Reuters.
The committee, which is likely to be formed in the December quarter, will not set up the exchange. It will provide guidance in setting up
the exchange, he said, while releasing a WGC report highlighting the need for a dedicated spot gold exchange in the country.

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Market News
3rd to 6th October 2017

Commodity Buzz

Gold Flat, Dollar Showing Promising Upmove

MCX Gold futures are trading in a lax manner ahead of a long weekend. COMEX Gold is showing signs of stabilizing after testing around
five week low. The metal has slipped heavily this week as a break below $1300 levels extended following comments by US Federal
Reserve Chairwoman Janet Yellen which reinforced expectations for another interest-rate increase before the end of the year. In a speech
on Tuesday, Yellen said that while recent soft inflation readings justify a gradual pace for interest-rate hikes, there is also a danger of
moving too gradually. The COMEX Gold futures are trading at $1293 per ounce, almost unchanged on the day. MCX Gold futures are also
trading flat around Rs 29600 per 10 grams.
Economic activity in the US expanded by slightly more than previously estimated in the second quarter, the Commerce Department
revealed in a report on Thursday. The report said gross domestic product grew by 3.1% in the second quarter compared to the previously
estimated 3% growth. Growth in consumer spending, which makes up more than two-thirds of the US economy, was unrevised at a 3.3%
rate in the second quarter as an increase in spending on services was offset by a downward revision to durable goods outlays. Consumer
spending in the second quarter was the fastest in a year.
Strength In Dollar Halts Crude's Rally
MCX Crude oil futures slipped today as a drop under Rs 3400 per barrel mark extended in the counter ahead of the extended weekend.
The counter quotes at Rs 3364 per barrel, down 0.27% on the day. WTI Crude oil seemed poised to correct a bit after hitting its five month
high. The US dollar index has been edging up in last few days. The index has bottomed out at its two and half year low around 91 levels
and currently trades around 93.10 mark. Recent Fed comments clubbed with a spree of sound US economic data is likely to provide good
support to the dollar in coming days. Oil traders can eye this and cut some of their longs in the commodity. WTI futures currently linger
around $50.70 per barrel, having already dropped more than a dollar from its latest high.

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Analyst Speaks
3rd to 6th October 2017

INDIAN
Gold MCX COMEX

Technically now MCX Gold is getting support at 29327 and below RESISTANCE 2 30407
same could see a test of 29089 levels and resistance is now likely
to be seen at 30407 a move above could see prices testing 29986.
RESISTANCE 1 29986
Gold on MCX settled down 0.17% at 29608 as rupee slipped to a
fresh six and a half month low, while Comex Gold rebounded as
the dollar turned lower and ushered in short-covering.
PIVOT 29748

BUY GOD OCT AROUND 29500-29550 SUPPORT 1 29327

TGTS 29950/30450 SL 29100
SUPPORT 2 29089

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Analyst Speaks
3rd to 6th October 2017

CRUDE OIL MCX

INDIAN COMEX

Technically Crude Oil market is under long liquidation as market has RESISTANCE 2 3566
witnessed drop in open interest by 13.04% to settled at 13134.

Now MCX Crude oil is getting support at 3332 and below same could RESISTANCE 1 3469
see a test of 3290 levels and resistance is now likely to be seen at
3444, a move above could see prices testing 3514.
PIVOT 3374

BUY CRUDE OIL OCT AROUND 3300 SUPPORT 1 3277

TGTS 3400/ 3500 SL 3200
SUPPORT 2 3182

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Analyst Speaks
3rd to 6th October 2017

INDIAN COPPER MCX COMEX

Technically Copper market under fresh buying as market has RESISTANCE 2 439
witnessed gain in open interest by 5.85% to settled at 14380 while
prices up 5.8 rupees.
RESISTANCE 1 434
Now MCX Copper is getting support at 426.2 and below same could
see a test of 420.6 levels and resistance is now likely to be seen at
435.4, a move above could see prices testing 439. PIVOT 428

BUY COPPER NOV AROUND 423-425 SUPPORT 1 422

TGTS 430/435 SL 417
SUPPORT 2 416

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Economic Events
3rd to 6th October 2017
COUNTRY Date TIME EVENT ACTUAL FORECAST PREVIOUS

Tue
6:00pm FOMC Member Powell Speaks
Oct 3

5:45pm ADP Non-Farm Employment Change 151K 237K

Wed
Oct 4 7:30pm ISM Non-Manufacturing PMI 55.5 55.3

8:00pm Crude Oil Inventories -1.8M

12:45am Fed Chair Yellen Speaks

6:00pm Unemployment Claims 270K 272K

Trade Balance -43.0B -43.7B

Thu
Oct 5
6:40pm FOMC Member Powell Speaks
USD

7:30pm FOMC Member Harker Speaks

Factory Orders m/m 0.9% -3.3%

8:00PM Natural Gas Storage 58B

6:00pm Average Hourly Earnings m/m 0.3% 0.1%

Non-Farm Employment Change 88K 156K

Fri Unemployment Rate 4.4% 4.4%

Oct 6

9:45pm FOMC Member Dudley Speaks

10:15pm FOMC Member Kaplan Speaks

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Team :
Name Designation Email

Mr. Prateek Gupta (Technical Research Analyst-head)

Mr. Lakhan Patidar (Sr. Derivative & Technical Analyst)

Mr. Dharmendra Saloniya (Commodity Research Analyst)

Mr. Shubham Chinwar (Sr. Graphic Designer)

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