1 Morning Newsletter

Morning Newsletter (12th–March- 2019)

2

Gold prices drifted lower on Monday, pulling away from the

$1,300 handle reached on the back of a weak jobs report, while

investors looked ahead to retail sales data and U.S. President

Donald Trump’s 2020 budget proposal.

DATA Watch: US Fed Chair Powell Speaks, US CPI m/m, US Core

CPI m/m, US FOMC Member Brainard Speaks.

Precious Metals

12th-March-2019

Morning Newsletter

MCX GOLD Daily Chart

GOLD Commentary

Intraday View

Near term View

MCX SILVER Daily Chart SILVER Commentary

Federal Reserve chairman Jerome Powell said on Sunday that the

central bank is not in any hurry to change interest rate levels as it

keeps watch over the global economy. silver futures dropped

0.30% to $15.303 a troy ounce.

DATA Watch: US Fed Chair Powell Speaks, US CPI m/m, US Core

CPI m/m, US FOMC Member Brainard Speaks.

Strategy Corner:

Buy GOLD above 31976 TGT 32036 / 32105 SL 31896

Sell GOLD below 31816 TGT 31757 / 31687 SL 31896

Strategy Corner:

Buy SILVER above 38565 TGT 38621 / 38706 SL 38450

Sell SILVER below 38335 TGT 38280 / 38194 SL 38450

Intraday View

Near term View

3

Saudi Arabian official that the desert kingdom will extend into

April the deep supply cuts it has been carrying out on its oil helped

crude prices rally on Monday and remain up more than 1% by

New York's afternoon trade.

DATA Watch: US Fed Chair Powell Speaks, US CPI m/m, US FOMC

Member Brainard Speaks.

Energy

31st-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 negative bias.

DATA Watch: Nil.

Strategy Corner:

Buy CRUDE OIL above 3993 TGT 4009 & 4030 SL 3967

Sell CRUDE OIL below 3941 TGT 3925 & 3904 SL 3967

Strategy Corner:

Buy NG above 196 TGT 196.8 & 197.9 SL 194.6

Sell NG below 193.2 TGT 192.4 & 191.3 SL 194.6

Intraday View

Near term View

Intraday View

Near term View

Energy

12th-March-2019

4

The Comex copper price saw a modest increase in morning trading

on Monday March 11 with the market remaining mainly range-

bound until further news on the US-China trade talks is revealed.

DATA Watch: US Fed Chair Powell Speaks, GBP GDP m/m, GBP

Manufacturing Production m/m, US CPI m/m, US Core CPI m/m,

US FOMC Member Brainard Speaks.

Base Metals

31st-July-2017

Morning Newsletter

MCX COPPER Daily Chart

COPPER Commentary

MCX ALUMINIUM Daily Chart ALUMINIUM Commentary

Aluminium has witnessed a negative range bound trade.

DATA Watch: US Fed Chair Powell Speaks, GBP GDP m/m, GBP

Manufacturing Production m/m, US CPI m/m, US Core CPI m/m,

US FOMC Member Brainard Speaks.

Strategy Corner:

Buy COPPER above 451.25 TGT 451.9 / 452.85 SL 450

Sell COPPER below 448.75 TGT 448.1 / 447.15 SL 450

Strategy Corner:

Buy ALUMINIUM above 144 TGT 144.4 & 144.9 SL 143.4

Sell ALUMINIUM below 142.8 TGT 142.4 & 141.9 SL 143.4

Intraday View

Near term View

Intraday View

Near term View

Base Metals

12th-March-2019

5

Lead has witnessed a range bound trade.

DATA Watch: US Fed Chair Powell Speaks, GBP GDP m/m, GBP

Manufacturing Production m/m, US CPI m/m, US Core CPI m/m,

US FOMC Member Brainard Speaks.

Base Metals

31st-July-2017

Morning Newsletter

MCX LEAD Daily Chart LEAD Commentary

MCX ZINC Daily Chart ZINC Commentary

Zinc concentrates supply from Glencore based on floating spot

terms from May 2019 to April 2020 in a bid to capitalize on rising

treatment charges.

DATA Watch: US Fed Chair Powell Speaks, GBP GDP m/m, GBP

Manufacturing Production m/m, US CPI m/m, US Core CPI m/m,

US FOMC Member Brainard Speaks.

MCX NICKEL Daily Chart NICKEL Commentary

Nickel may expect a recovery from lower level.

DATA Watch: US Fed Chair Powell Speaks, GBP GDP m/m, GBP

Manufacturing Production m/m, US CPI m/m, US Core CPI m/m,

US FOMC Member Brainard Speaks.

Strategy Corner:

Buy LEAD above 145.85 TGT 146.85 & 147.95 SL 144.65

Sell LEAD below 143.45 TGT 142.45 & 141.35 SL 144.65

Strategy Corner:

Buy ZINC above 194.25 TGT 194.9 & 195.65 SL 193.4

Sell ZINC below 192.55 TGT 191.9 & 191.15 SL 193.4

Strategy Corner:

Buy NICKEL above 904.1 TGT 908.9 & 914.4 SL 897.9

Sell NICKEL below 891.7 TGT 886.9 & 881.4 SL 897.9

Intraday View

Near term View

Intraday View

Near term View

Intraday View

Near term View

Base Metals

12th-March-2019

6 Morning Newsletter

SUPPORTS & RESISTANCES

Commodity S3 S2 S1 Pivot Point R1 R2 R3

GOLD 31687 31757 31826 31896 31966 32036 32105

GOLDM 31677 31757 31836 31915 31994 32074 32153

SILVER 38194 38280 38365 38450 38535 38621 38706

SILVERM 38223 38310 38397 38484 38571 38658 38745

ALUMINIUM 141.9 142.4 142.9 143.4 143.9 144.4 144.9

COPPER 447.15 448.1 449.05 450 450.95 451.9 452.85

LEAD 141.35 142.45 143.55 144.65 145.75 146.85 147.95

ZINC 191.15 191.9 192.65 193.4 194.15 194.9 195.65

NICKEL 881.4 886.9 892.4 897.9 903.4 908.9 914.4

CRUDE OIL 3904 3925 3946 3967 3988 4009 4030

NATURAL GAS 191.3 192.4 193.5 194.6 195.7 196.8 197.9

Morning Newsletter

31st-July-2017

ECONOMIC CALENDER

Country Economic Event Forecast Previous Time

US Fed Chair Powell Speaks - - 5.30 PM

GBP GDP m/m 0.2% -0.4% 3.00 PM

GBP Manufacturing Production m/m 0.2% -0.7% 3.00 PM

US CPI m/m 0.2% 0.0% 5.00 PM

US Core CPI m/m 0.2% 0.2% 6.00 PM

US FOMC Member Brainard Speaks - - 7.15 PM

Pivot Table & Economic Calendar

12th-March-2019

7

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-July-2017

Disclaimer

12th-March-2019