Morning Newsletter (22nd– Sep- 2016)

Morning Newsletter

1

Precious Metals 22nd-Sep-2016

MCX GOLD Daily Chart

GOLD Commentary Gold prices gained in Asia on Thursday as the Federal Reserve held steady on interest rates as expected, though the outlook for a possible hike this year by the FOMC remained subject to debate.

Strategy Corner: Buy GOLD above 31315 TGT 31350 / 31404 SL 31205 Sell GOLD below 31096 TGT 31007 / 30907 SL 31205

DATA Watch: US Unemployment Claims, EUR ECB President Draghi Speaks, US Existing Home Sales, GBP BOE Gov Carney Speaks.

Intraday View Near term View

MCX SILVER Daily Chart

SILVER Commentary Silver has witnessed a resistance near 47774 level.

Strategy Corner: Buy SILVER above 47558 TGT 47887 / 48245 SL 47169 Sell SILVER below 46780 TGT 46452 / 46093 SL 47169 DATA Watch: US Unemployment Claims, EUR ECB President Draghi Speaks, US Existing Home Sales, GBP BOE Gov Carney Speaks.

Intraday View Near term View Morning Newsletter

2

Energy 22nd-Sep-2016

MCX CRUDE OIL Daily Chart

CRUDE OIL Commentary Oil prices extended gains from the previous session in Asian trading on Thursday after a surprise third consecutive weekly U.S. crude inventory draw tightened the market.

Strategy Corner: Buy CRUDE OIL above 3075 TGT 3094 & 3118 SL 3046 Sell CRUDE OIL below 3017 TGT 2998 & 2974 SL 3046

DATA Watch: US Unemployment Claims, EUR ECB President Draghi Speaks, US Existing Home Sales, GBP BOE Gov Carney Speaks. Intraday View Near term View

MCX NATURAL GAS Daily Chart

NATURAL GAS Commentary U.S. natural gas futures rose to a new 16-month high for the second day in a row on Wednesday, amid forecasts for warmer than normal temperatures across most parts of the continental U.S. and as traders looked ahead to fresh weekly information on U.S. gas inventories.

Strategy Corner: Buy NG above 205.4 TGT 206.2 & 207.3 SL 204 Sell NG below 202.6 TGT 201.8 & 200.7 SL 204 DATA Watch: US Natural Gas Storage.

Intraday View Near term View Morning Newsletter

3

Base Metals 22nd-Sep-2016

MCX COPPER Daily Chart

COPPER Commentary Copper has remains in range bound trade.

Strategy Corner: Buy COPPER above 325 TGT 326.5 / 328.3 SL 322.7 Sell COPPER below 321.6 TGT 320.85 / 319.85 SL 322.7

DATA Watch: US Unemployment Claims, EUR ECB President Draghi Speaks, GBP MPC Member Cunliffe Speaks, US Existing Home Sales, GBP BOE Gov Carney Speaks.

Intraday View Near term View

MCX ALUMINIUM Daily Chart

ALUMINIUM Commentary Aluminium has remains range bound trade between 104 to 106.4 level.

Strategy Corner: Buy ALUMINIUM above 105.8 TGT 105.95 & 106.15 SL 105.55 Sell ALUMINIUM below 105.3 TGT 105.15 & 104.95 SL 105.55

DATA Watch: US Unemployment Claims, EUR ECB President Draghi Speaks, GBP MPC Member Cunliffe Speaks, US Existing Home Sales, GBP BOE Gov Carney Speaks.

Intraday View Near term View Morning Newsletter

4

Base Metals 22nd-Sep-2016

MCX LEAD Daily Chart

LEAD Commentary Lead has witnessed a mixed rally.

Strategy Corner: Buy LEAD above 130.1 TGT 130.85 & 131.7 SL 129.15 Sell LEAD below 128.2 TGT 127.45 & 126.6 SL 129.15

Intraday View

DATA Watch: US Unemployment Claims, EUR ECB President Draghi Speaks, GBP MPC Member Cunliffe Speaks, US Existing Home Sales, GBP BOE Gov Carney Speaks.

Near term View

MCX ZINC Daily Chart

ZINC Commentary Zinc has witnessed a mixed rally.

Strategy Corner: Buy ZINC above 152.15 TGT 152.65 & 153.25 SL 151.45 Sell ZINC below 150.75 TGT 150.25 & 149.65 SL 151.45

Intraday View

DATA Watch: US Unemployment Claims, EUR ECB President Draghi Speaks, GBP MPC Member Cunliffe Speaks, US Existing Home Sales, GBP BOE Gov Carney Speaks.

Near term View

MCX NICKEL Daily Chart

NICKEL Commentary Nickel has witnessed a positive momentum trade.

Strategy Corner: Buy NICKEL above 693.5 TGT 695.5 & 698.1 SL 690.3 Sell NICKEL below 687.1 TGT 685.1 & 682.5 SL 690.3

Intraday View Near term View Morning Newsletter

DATA Watch: US Unemployment Claims, EUR ECB President Draghi Speaks, GBP MPC Member Cunliffe Speaks. 5

Morning Newsletter 22nd-Sep-2016

SUPPORTS & RESISTANCES Commodity

S3

S2

S1

Pivot Point

R1

R2

R3

GOLD

30907

31007

31106

31205

31304

31404

31503

GOLDM

30881

30990

31098

31207

31316

31425

31533

SILVER

46093

46452

46810

47169

47528

47887

48245

SILVERM

46133

46484

46834

47184

47534

47885

48235

ALUMINIUM

104.95

105.15

105.35

105.55

105.75

105.95

106.15

COPPER

321.2

321.7

322.2

322.7

323.2

323.7

324.2

LEAD

126.6

127.45

128.3

129.15

130

130.85

131.7

ZINC

149.65

150.25

150.85

151.45

152.05

152.65

153.25

NICKEL

682.5

685.1

687.7

690.3

692.9

695.5

698.1

CRUDE OIL

2974

2998

3022

3046

3070

3094

3118

NATURAL GAS

200.7

201.8

202.9

204

205.1

206.2

207.3

ECONOMIC CALENDER Country

Economic Event

Forecast

Previous

Time

US

Unemployment Claims

261.K

260K

6.00 PM

EUR

ECB President Draghi Speaks

-

-

6.30 PM

GBP

MPC Member Cunliffe Speaks

-

-

7.00 PM

US

Existing Home Sales

5.45M

5.39M

7.30 PM

US

Natural Gas Storage

59B

62B

8.00 PM

GBP

BOE Gov Carney Speaks

-

-

10.30 PM

GBP

MPC Member Forbes Speaks

-

-

10.30 PM

Morning Newsletter

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Morning Newsletter 22nd-Sep-2016

RESEARCHED & PREPARED BY B.KESAVAMOORTHY— SENIOR MANAGER (RESEARCH ) CONTACT NO: 0422-4700840 EMAIL ID: [email protected]

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. Sky Commodities and/or its affiliate companies may deal in the securities mentioned herein as a broker or in its proprietary account or for any other transaction as a Market Maker, Investment Advisor, etc. to the issuer company or its connected persons. This report is published by Sky Commodities research desk. Sky Commodities has other business units with independent research teams separated by 'Chinese walls' catering to different sets of customers and also have proprietary trading which are having varying objectives, risk profiles, investment horizon, etc. and therefore, may at times have different and contrary views on markets from the research team. 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

Morning Newsletter

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