Commodity Premium Daily Journal

Strictly For Client Circulation

Monday, 9th
October 2017

Gold 29698

Silver 39939

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Market Wrapup
Friday, 6th October 2017

Commodity Contract Open Price High Low Close Price

Gold 05-Dec-2017 29361 29598 29312 29573

Silver 05-Dec-2017 39140 39828 38710 39596

Crude Oil 18-Oct-2017 3311 3323 3223 3240

Natural Gas 26-Oct-2017 191.90 191.90 187.80 188.30

Copper 30-Nov-2017 439.75 442.20 438.20 438.90

Zinc 31-Oct-2017 216.75 216.90 213.30 214.10

Lead 31-Oct-2017 168.60 168.90 164.50 165.90

Aluminium 31-Oct-2017 140.75 140.85 139.30 139.85

Nickel 31-Oct-2017 694.40 698.20 688.70 693.20

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Support & Resistance
Monday, 9th October 2017

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

Gold 05-Dec-2017 29779 29676 29495 29392 29211

Silver 05-Dec-2017 40496 40046 39378 38928 38260

Crude Oil 18-Oct-2017 3362 3301 3262 3201 3262

Natural Gas 26-Oct-2017 193 191 189 187 185

Copper 30-Nov-2017 444 441 440 437 436

Zinc 31-Oct-2017 218 216 215 213 211

Lead 31-Oct-2017 170 168 167 165 163

Aluminium 31-Oct-2017 142 141 140 139 138

Nickel 31-Oct-2017 703 698 693 689 684

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MCX Outlook
Monday, 9th October 2017

Bullion
GOLD Dec17 contract was down by 1.22% to Rs. 29387.00 per 10 gram. GOLD Feb18 contract was down by 1.28% to Rs. 29458.00 per 10
gram. GOLDM Nov17 contract was down by 1.12% to Rs. 29346.00 per 10 gram.

GOLDM Dec17 contract was down by 1.22% to Rs. 29405.00 per 10 gram. GOLDGUINEA Oct17 contract was down by 1.32% to
Rs. 23542.00 per 8 gram. GOLDPETAL Oct17 contract was down by 0.88% to Rs. 2940.00 per gram.

SILVER Dec17 contract was down by 1.45% to Rs. 39172.00 per kg. SILVER Mar18 contract was down by 1.24% to Rs. 39781.00 per kg.
SILVERM Nov17 contract was down by 1.45% to Rs. 39194.00 per kg. SILVERM Feb18 contract was down by 1.35% to Rs. 39821.00 per
kg. SILVERMIC Nov17 contract was down by 1.45% to Rs. 39189.00 per kg.

Metals
COPPER Nov17 contract was up by 1.82% to Rs. 439.60 per kg. COPPERM Nov17 contract was up by 1.83% to Rs. 439.65 per kg.
NICKEL Oct17 contract was up by 0.63% to Rs. 690.30 per kg. NICKELM Oct17 contract was up by 0.61% to Rs. 690.40 per kg.

ALUMINIUM Oct17 contract was up by 1.22% to Rs. 140.65 per kg. ALUMINI Oct17 contract was up by 1.26% to Rs. 140.65 per kg. LEAD
Oct17 contract was up by 3.75% to Rs. 168.90 per kg. LEADMINI Oct17 contract was up by 3.81% to Rs. 168.9 per kg. ZINC Oct17 contract
was up by 4.51% to Rs. 216.85 per kg. ZINCMINI Oct17 contract was up by 4.51% to Rs. 216.85 per kg.

Energy
CRUDEOIL Oct17 contract was down by 1.78% to Rs. 3313.00 per BBL. CRUDEOILM Oct17 contract was down by 1.72% to Rs. 3314.00
per BBL. NATURALGAS Oct17 contract was down by 2.87% to Rs. 192.60 per MMBTU.

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Market News
Monday, 9th October 2017

Special News
Crude Oil Gains In Asia As Market Looks Ahead To Busy Data Week
Crude oil prices gained in Asia on Monday with investors focused on fairly busy week of data points on
supply and demand.
U.S. West Texas Intermediate (WTI) crude futures rose 0.26% to $49.42 a barrel by close of trade, while
Brent crude gained 0.20% to $55.73 a barrel.
Markets in Japan shut and China comes back from a week-long holiday.
In the week ahead, market participants will eye fresh weekly information on U.S. stockpiles of crude and refined products on Wednesday
and Thursday to further weigh what the impact of recent storm activity was on supply and demand.
The reports come out one day later than usual due to the U.S. Columbus Day holiday on Monday.

Gold Prices Gain Smartly in Asia As China Returns from Week-Long Break
Gold prices jumped in Asia on Monday with China back after a week-long break bringing some heft to the
market even as Japan, South Korea and Taiwan are shut for holidays.
Gold futures for December delivery settled rose 0.88% to $1,286.13 a troy ounce on the Comex division of the
New York Mercantile Exchange.
This week, Wednesdays Fed minutes will be in focus for fresh indications on the timing of the next U.S. rate hike. Fridays U.S. data on
inflation and retail sales will also be in focus.
Markets will also be eyeing a speech by ECB head Mario Draghi for clues on when the central bank will shift away from its ultra-easy policy.
Last week, gold prices rebounded from two month lows on Friday as fresh concerns over tensions with North Korea pressured the dollar
lower and bolstered safe haven demand for the precious metal.

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Market News
Monday, 9th October 2017

Commodity Buzz
Support seen at 38928 for MCX Silver; Resistance at 40046
Technically MCX Silver is getting support at 38928 and below same could see a test of 38260 levels and resistance is now likely to be
seen at 40046, a move above could see prices testing 40496.

Silver prices ended higher reversing from earlier losses as investors offered a mixed reaction to monthly U.S. jobs data and looked to
comments from Federal Reserve officials for clues on the central banks plan for interest rates.

The jobs report, which included a mixed bag of revisions to recent months data and signs of rising wages, wasnt seen derailing the
Federal Reserve from a gold-negative interest-rate hike later this year, but Dallas Fed President Robert Kaplan said that he remains
undecided over whether to support a rate increase in December.

Gold market under short covering; Support seen at 29390

Technically Gold market is under short covering as market has witnessed drop in open interest by 5.71% to settled at 7547 while prices up
186 rupees.

Now MCX Gold is getting support at 29390 and below same could see a test of 29208 levels and resistance is now likely to be seen at
29676, a move above could see prices testing 29780.

Gold prices gained on concerns stoked by a Russian report that North Korea is preparing to test a long-range missile and on support from
the U.S. dollar's shift into negative territory. Earlier, bullion fell to a two-month low near at $1,260 an ounce on an upbeat reading of the
U.S. unemployment rate and wage growth last month that supported expectations for a further U.S. interest rate hike in December.

Traders looked past data showing the first drop in U.S. employment in seven years as other indicators suggested the jobs market was
improving. The data showed the largest gain in U.S. wages since December 2016 bolstered bets on an interest rate hike by year-end.

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Analyst Speaks
Monday, 9th October 2017

Gold MCX

Technically Gold market is under short covering as market has RESISTANCE 2 29779
witnessed drop in open interest by 5.71% to settled at 7547 while
prices up 186 rupees.
RESISTANCE 1 29676
Now MCX Gold is getting support at 29392 and below same could
see a test of 29211 levels and resistance is now likely to be seen at
PIVOT 29495
29676, a move above could see prices testing 29779.

BUY GOLD DEC AROUND 29680-29700 SUPPORT 1 29392

TGTS 29800/29900 SL 29580
SUPPORT 2 29211

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Analyst Speaks
Monday, 9th October 2017

CRUDE OIL MCX

Technically Crude Oil market is under long liquidation as market has RESISTANCE 2 3362
witnessed drop in open interest by 4% to settled at 9587 while
prices down 73 rupees.
RESISTANCE 1 3301
Now Crudeoil is getting support at 3201 and below same could see a
test of 3262 levels and resistance is now likely to be seen at 3301,
a move above could see prices testing 3362. PIVOT 3262

SELL CRUDE OIL OCT AROUND 3250-3245 SUPPORT 1 3201

TGTS 3215/3185 SL 3280

SUPPORT 2 3262

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Todays Economic Events
Monday, 9th October 2017

COUNTRY TIME EVENT ACTUAL FORECAST PREVIOUS

. . . .

USD

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