1 Morning Newsletter

Morning Newsletter (26th– Mar- 2018)

2

Gold prices quickly climbed in Asian trading on Friday, as investors

rushed to safety amid escalating fears of a trade war following

U.S. President Donald Trump’s announcement of tariffs on Chi-

nese goods.

DATA Watch: US FOMC Member Dudley Speaks.

Precious Metals

26th-Mar-2018

Morning Newsletter

MCX GOLD Daily Chart

GOLD Commentary

Intraday View

Near term View

MCX SILVER Daily Chart SILVER Commentary

Silver has close above 39000 means positive bias to be rule out.

DATA Watch: US FOMC Member Dudley Speaks.

Strategy Corner:

Buy GOLD above 30998 TGT 31070 / 31151 SL 30907

Sell GOLD below 30816 TGT 30745 / 30663 SL 30907

Strategy Corner:

Buy SILVER above 38983 TGT 39031 / 39110 SL 38874

Sell SILVER below 38766 TGT 38717 / 38639 SL 38874

Intraday View

Near term View

3

Crude oil markets were positive during the week, showing plenty

of strength, but towards the end of the week, we started to see a

little bit of exhaustion as a general “risk off” attitude came into

the marketplace

DATA Watch: US FOMC Member Dudley 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 markets had another negative week, preceded by a

pair of the shooting stars, so selling off is technically what

should’ve happen, but we are testing a very serious support

region between the $2.60 level and the $2.50 level.

DATA Watch: Nil.

Strategy Corner:

Buy CRUDE OIL above 4290 TGT 4304 & 4323 SL 4266

Sell CRUDE OIL below 4242 TGT 4228 & 4209 SL 4266

Strategy Corner:

Buy NG above 170.1 TGT 170.6 & 171.4 SL 169

Sell NG below 167.9 TGT 167.4 & 166.6 SL 169

Intraday View

Near term View

Intraday View

Near term View

Energy

26th-Mar-2018

4

Base metals prices drop on trade-war fears; China plans US steel

pipe, all scrap tariffs.

DATA Watch: GBP German Buba President Weidmann Speaks, US

FOMC Member Dudley Speaks.

Base Metals

31st-July-2017

Morning Newsletter

MCX COPPER Daily Chart

COPPER Commentary

MCX ALUMINIUM Daily Chart ALUMINIUM Commentary

U.S. President Donald Trump on Thursday temporarily excluded

six countries and the European Union from higher import duties

on steel and aluminum due to come into effect on Friday.

DATA Watch: GBP German Buba President Weidmann Speaks, US

FOMC Member Dudley Speaks.

Strategy Corner:

Buy COPPER above 435.2 TGT 436.4 / 437.9 SL 433.4

Sell COPPER below 431.6 TGT 430.4 / 428.9 SL 433.4

Strategy Corner:

Buy ALUMINIUM above 132.95 TGT 133.3 & 133.75 SL 132.4

Sell ALUMINIUM below 131.85 TGT 131.5 & 131.05 SL 132.4

Intraday View

Near term View

Intraday View

Near term View

Base Metals

26th-Mar-2018

5

Lead may expect a gapping trade on opening bell followed by

tight range bound trade on Friday.

DATA Watch: GBP German Buba President Weidmann Speaks, US

FOMC Member Dudley Speaks.

Base Metals

31st-July-2017

Morning Newsletter

MCX LEAD Daily Chart LEAD Commentary

MCX ZINC Daily Chart ZINC Commentary

Zinc may expect a gapping trade on opening bell followed by

tight range bound trade on Friday.

DATA Watch: GBP German Buba President Weidmann Speaks, US

FOMC Member Dudley Speaks.

MCX NICKEL Daily Chart NICKEL Commentary

Nickel has witnessed a negative bias with positional support of

818 level.

DATA Watch: GBP German Buba President Weidmann Speaks,

US FOMC Member Dudley Speaks.

Strategy Corner:

Buy LEAD above 152.8 TGT 153.1 & 153.5 SL 152.3

Sell LEAD below 151.8 TGT 151.5 & 151.1 SL 152.3

Strategy Corner:

Buy ZINC above 209.9 TGT 210.35 & 210.9 SL 209.25

Sell ZINC below 208.6 TGT 208.15 & 207.6 SL 209.25

Strategy Corner:

Buy NICKEL above 849 TGT 852.7 & 857.3 SL 843.5

Sell NICKEL below 838.6 TGT 834.3 & 829.7 SL 843.5

Intraday View

Near term View

Intraday View

Near term View

Intraday View

Near term View

Base Metals

26th-Mar-2018

6 Morning Newsletter

SUPPORTS & RESISTANCES

Commodity S3 S2 S1 Pivot Point R1 R2 R3

GOLD 30663 30745 30826 30907 30988 31070 31151

GOLDM 30603 30703 30802 30901 31000 31100 31199

SILVER 38639 38717 38796 38874 38953 39031 39110

SILVERM 38657 38735 38812 38890 38968 39046 39123

ALUMINIUM 131.05 131.5 131.95 132.4 132.85 133.3 133.75

COPPER 428.9 430.4 431.9 433.4 434.9 436.4 437.9

LEAD 151.1 151.5 151.9 152.3 152.7 153.1 153.5

ZINC 207.6 208.15 208.7 209.25 209.8 210.35 210.9

NICKEL 829.7 834.3 838.9 843.5 848.1 852.7 857.3

CRUDE OIL 4209 4228 4247 4266 4285 4304 4323

NATURAL GAS 166.6 167.4 168.2 169 169.8 170.6 171.4

Morning Newsletter

31st-July-2017

ECONOMIC CALENDER

Country Economic Event Forecast Previous Time

EUR German Buba President Weidmann Speaks - - 3.00 PM

US FOMC Member Dudley Speaks - - 10.00 PM

Pivot Table & Economic Calendar

26th-Mar-2018

7

RESEARCHED & PREPARED BY

B.KESAVAMOORTHY— SENIOR MANAGER (RESEARCH )

CONTACT NO: 0422-4700840

EMAIL ID: KESAVAMOORTHY.B@SKYCOMMODITIESMAILS.COM

LAL’S

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Morning Newsletter

Morning Newsletter

31st-July-2017

Disclaimer

26th-Mar-2018