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1 Morning Newsletter
Morning Newsletter (11th– July- 2017)
2
Gold edged lower on Monday, as investors looked ahead to testi-
mony from Fed chair Janet Yellen later this week on the health of
the economy and the Fed’s monetary policy outlook.
DATA Watch: CANADA Housing Starts, US JOLTS Job Openings, US
FOMC Member Brainard Speaks.
Precious Metals
11th-July-2017
Morning Newsletter
MCX GOLD Daily Chart
GOLD Commentary
Intraday View
Near term View
MCX SILVER Daily Chart SILVER Commentary
Silver has witnessed a high volatility trade.
DATA Watch: CANADA Housing Starts, US JOLTS Job Openings, US
FOMC Member Brainard Speaks.
Strategy Corner:
Buy GOLD above 27858 TGT 27903 / 27957 SL 27794
Sell GOLD below 27730 TGT 27686 / 27631 SL 27794
Strategy Corner:
Buy SILVER above 36858 TGT 37113 / 37397 SL 36544
Sell SILVER below 36230 TGT 35976 / 35691 SL 36544
Intraday View
Near term View
3
Oil prices edged up early on Tuesday, lifted in part by a strong
demand outlook for the coming weeks, but overall market condi-
tions remain weak on the back of ample supplies and a more sub-
dued outlook for long-term demand.
DATA Watch: CANADA Housing Starts, US JOLTS Job Openings, US
FOMC Member Brainard Speaks.
Energy
11th-July-2017
Morning Newsletter
MCX CRUDE OIL Daily Chart
CRUDE OIL Commentary
MCX NATURAL GAS Daily Chart NATURAL GAS Commentary
Natural Gas has witnessed a range bound trade between 179.9 to
198.9 level.
DATA Watch: Nil.
Strategy Corner:
Buy CRUDE OIL above 2898 TGT 2910 & 2927 SL 2876
Sell CRUDE OIL below 2854 TGT 2842 & 2825 SL 2876
Strategy Corner:
Buy NG above 190.8 TGT 191.6 & 192.7 SL 189.4
Sell NG below 188 TGT 187.2 & 186.1 SL 189.4
Intraday View
Near term View
Intraday View
Near term View
4
Copper has witnessed a range bound trade.
DATA Watch: GBP MPC Member Haldane Speaks, GBP MPC
Member Broadbent Speaks, US JOLTS Job Openings, US FOMC
Member Brainard Speaks.
Base Metals
11th-July-2017
Morning Newsletter
MCX COPPER Daily Chart
COPPER Commentary
MCX ALUMINIUM Daily Chart ALUMINIUM Commentary
Aluminium has witnessed a range bound trade.
DATA Watch: GBP MPC Member Haldane Speaks, GBP MPC
Member Broadbent Speaks, US JOLTS Job Openings, US FOMC
Member Brainard Speaks.
Strategy Corner:
Buy COPPER above 380.65 TGT 381.45 / 382.55 SL 379.25
Sell COPPER below 377.85 TGT 377.05 / 375.95 SL 379.25
Strategy Corner:
Buy ALUMINIUM above 122.7 TGT 123.25 & 123.9 SL 121.95
Sell ALUMINIUM below 121.2 TGT 120.65 & 120 SL 121.95
Intraday View
Near term View
Intraday View
Near term View
5
Lead has witnessed a range bound trade ahead.
DATA Watch: GBP MPC Member Haldane Speaks, GBP MPC
Member Broadbent Speaks, US JOLTS Job Openings, US FOMC
Member Brainard Speaks.
Base Metals
11th-July-2017
Morning Newsletter
MCX LEAD Daily Chart LEAD Commentary
MCX ZINC Daily Chart ZINC Commentary
Zinc has witnessed a range bound trade.
DATA Watch: GBP MPC Member Haldane Speaks, GBP MPC
Member Broadbent Speaks, US JOLTS Job Openings, US FOMC
Member Brainard Speaks.
MCX NICKEL Daily Chart NICKEL Commentary
Nickel has witnessed a range bound trade.
DATA Watch: US JOLTS Job Openings, US FOMC Member Brainard
Speaks.
Strategy Corner:
Buy LEAD above 149.65 TGT 150.25 & 150.95 SL 148.85
Sell LEAD below 148.05 TGT 147.45 & 146.75 SL 148.85
Strategy Corner:
Buy ZINC above 179.85 TGT 180.55 & 181.35 SL 178.95
Sell ZINC below 178.05 TGT 177.35 & 176.55 SL 178.95
Strategy Corner:
Buy NICKEL above 584.5 TGT 586.5 & 589.2 SL 581.1
Sell NICKEL below 577.8 TGT 575.7 & 573 SL 581.1
Intraday View
Near term View
Intraday View
Near term View
Intraday View
Near term View
6 Morning Newsletter
SUPPORTS & RESISTANCES
Commodity S3 S2 S1 Pivot Point R1 R2 R3
GOLD 27631 27686 27740 27794 27848 27903 27957
GOLDM 27640 27707 27773 27840 27907 27974 28040
SILVER 35691 35976 36260 36544 36828 37113 37397
SILVERM 35733 36015 36296 36577 36858 37140 37421
ALUMINIUM 120 120.65 121.3 121.95 122.6 123.25 123.9
COPPER 375.95 377.05 378.15 379.25 380.35 381.45 382.55
LEAD 146.75 147.45 148.15 148.85 149.55 150.25 150.95
ZINC 176.55 177.35 178.15 178.95 179.75 180.55 181.35
NICKEL 573 575.7 578.4 581.1 583.8 586.5 589.2
CRUDE OIL 2825 2842 2859 2876 2893 2910 2927
NATURAL GAS 186.1 187.2 188.3 189.4 190.5 191.6 192.7
Morning Newsletter
11th-July-2017
ECONOMIC CALENDER
Country Economic Event Forecast Previous Time
GBP MPC Member Haldane Speaks - - 3.30 PM
GBP MPC Member Broadbent Speaks - - 4.30 PM
CANADA Housing Starts 200K 195K 5.45 PM
US JOLTS Job Openings 5.89M 6.04M 7.30 PM
US FOMC Member Brainard Speaks - - 10.00 PM
7
RESEARCHED & PREPARED BY
B.KESAVAMOORTHY— SENIOR MANAGER (RESEARCH )
CONTACT NO: 0422-4700840
EMAIL ID: [email protected]
LAL’S
Disclaimer
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Morning Newsletter
Morning Newsletter
11th-July-2017