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: KESAVAMOORTHY.B@SKYCOMMODITIESMAILS.COM

LAL’S

Disclaimer

This report is for the personal information of the authorized recipient and is not for public distribution The information provided in the document

is from information /data. available in public domain and other sources, which we believe, are reliable. We have made our best efforts to try and

ensure accuracy of data however, Sky Commodities and/or any of its affiliates and/or employees shall not liable for resultant loss or damage that

may arise from use of this document Sky Commodities and/or any of its affiliates and/or employees may or may not hold positions in any of the

securities mentioned in the document. Investors should not solely rely on the information contained in this document and must make

investment decisions based on their own investment objectives, risk appetite, investment horizon, financial strength or other parameter. The

recipients of this material should take their own professional advice or consult your SEBI registered Investment Adviser for your specific

Investment related advice/requirements and/or before acting on this information. The report also includes analysis and views expressed by our

research team. The report is purely for information purposes and does not construe to be investment recommendation/advice or an offer or

solicitation of an offer to buy/sell any securities. The opinions expressed are our current opinions as of the date appearing in the material and

may be subject to change from time to time without notice. This report is not directed or intended for distribution to, or use by, any person or

entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability

or use would be contrary to local law, regulation or which would subject Sky Commodities and affiliates to any registration or licensing require-

ment within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to certain category of in-

vestors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction.

Morning Newsletter

Morning Newsletter

11th-July-2017