weekly report 05 mar to 09 mar 2018...natural gas december to extend oil output cuts commodity s2 s1...

WEEKLY REPORT

05 MAR TO 09 MAR 2018

INDEX CLOSE PREV. CLOSE

USDINR 65.2261 64.8227

EURINR 79.0541 79.7643

JPYINR 61.0700 60.5900

GBPINR 89.7055 90.4017

INDEX CLOSE PREV. CLOSE

Change (%)

SENSEX 34046.94 34142.15 -0.28%

NIFTY 10458.00 10491.05 -0.32%

DOW 24538.06 25309.99 -3.05%

NASDAQ 7257.87 7337.39 -1.08%

FTSE 7069.90 7244.41 -2.41%

NIKKEI 20993.00 22075.50 -4.90%

DAX 11913.71 12483.79 -4.57%

CAC 5136.58 5317.37 -3.40%

DATE FII FIGURES IN CRORE

26/02 -1119.51

27/02 -906.86

28/02 -1750.52

01/03 +241.85

02/03 0

NET -3535.04

DATE DII FIGURES IN CRORE

26/02 +1409.45

27/02 +1046.67

28/02 +1596.89

01/03 -3.29

02/03 0

NET +4049.72

01

WEEKLY INDICES CHANGES

RBI REFRANCE RATE

DII FIGURES

FII FIGURES

Market Round Up:

Forex - Dollar Pushes Lower on U.S. Policy Concerns: -

The U.S. dollar pushed lower against other major

currencies on Friday, as worries over a potential

global trade war following news of fresh U.S.

tariffs continued to weigh on heavily sentiment.

U.S. President Donald Trump announced plans on

Thursday to impose tariffs of 25% on imported

steel and 10% on aluminum, in a move to “protect

U.S. industry”. The news sparked concerns over

potential trade wars, which would have a negative

impact on the U.S. economy. The announcement

overshadowed positive remarks by Fed Chair

Powell, who told the Senate Banking Committee

on Thursday that there was no evidence the U.S.

economy is overheating. Two days earlier, the Fed

president had reiterated that the U.S. central bank

would likely move forward with gradual increases

in interest rates.

The S&P 500 Index clawed back just about all of its opening decline but remained on track for a fourth-straight decline in the longest slump since the Republican tax cuts. Large caps that generate most of their sales abroad remained under the most pressure, with the Dow Jones Industrial Average down more than 200 points after President Donald Trump suggested the U.S. will wage and win a trade war. Domestically focused small caps in the Russell 2000 and Nasdaq Composite Index rose. The Cboe Volatility Index, better known as the VIX, continued its four-day climb.

https://www.investing.com/news/economy-news/fed-chief-powell-returns-to-congress-as-markets-seek-clarity-1319722

https://www.investing.com/news/economy-news/fed-chief-powell-returns-to-congress-as-markets-seek-clarity-1319722

Commodity S2 S1 Pivot R1 R2 Crude oil- Mar 3720 3810 4025 4140 4259

Natural Gas- Mar 162 169 176 184 192

Commodity S2 S1 Pivot R1 R2

Copper-Apr 430 442 453 465 477

Zinc- Mar 207.70 216.20 224.65 234.75 243.45

Lead- Mar 145.60 154.25 162.60 171.25 176.90

Nickel- Mar 825 848 884.10 921 959

International Commodity

S2 S1 Pivot R1 R2 CMP PREV CLOSE

Gold COMEX $1248 $1284 $1321 $1366 $1404 $1323 $1328.87

Silver COMEX $15.42 $15.90 $16.48 $17.21 $17.75 $16.52 $16.53

NYMEX CRUDE $54.70 $57.60 $61.65 $64.75 $67.20 $60.55 $63.55

BRENT CRUDE $59.50 $61.88 $64.77 $67.90 $71.10 $63.45 $67.31

Commodity S2 S1 Pivot R1 R2 Gold-Apr 29530 29899 30424 30949 31390

Silver-May 36300 37770 38845 40120 41520

MCX ENERGY WEEKLY

MCX BASE METAL WEEKLY

MCX PRECIOUS METAL WEEKLY

Updates:

Crude Oil Prices Remain Lower in Cautious

Trade: - Crude oil prices remained lower on

Friday, hovering near multi-week troughs amid

ongoing concerns over U.S. production levels and

fresh worries over U.S. protectionist policies. Oil

prices weakened after the U.S. Energy

Information Administration reported on

Wednesday that crude oil inventories rose by

3.019 million barrels for the week ended Feb. 23,

exceeding expectations for a rise of 2.4 million

barrels. Fears that rising U.S. output could

dampen global efforts to rid the market of excess

supplies have systematically limited oil prices'

gains recently. The Organization of the Petroleum

Exporting Countries (OPEC), along with some

non-OPEC members led by Russia, agreed in

December to extend oil output cuts until the end

of 2018.

Gold Prices Remain Supported in Risk-Off

Trade: - Gold prices remained supported on

Friday, as news of U.S. tariffs on steel and

aluminum imports continued to weigh on the

greenback and boost demand for safe-haven

assets.

FUNDAMENTAL OF COMMODITIES

02

Commodity Major

Price

Day

Weekly

Monthly

Yearly

Crude Oil 61.3744 0.41% -3.98% -3.19% 15.35%

Brent 64.6297 0.37% -4.27% -3.35% 15.37%

Natural gas 2.7046 0.19% 2.49% -1.97% -6.77%

Gold 1325.26 0.34% -0.57% 0.05% 8.16%

Silver 16.5512 0.55% -0.64% -0.52% -6.93%

Platinum 968.8 0.68% -3.08% -2.09% -0.61%

Palladium 997.1 0.54% -6.03% -1.13% 29.37%

Copper 3.1101 0.10% -2.69% -2.12% 17.67%

Lead 2,442.25 0.16% -3.77% -8.21% 9.04%

Aluminum 2,149.00 0.09% 0.42% -2.80% 14.52%

Tin 21,475.00 -0.83% -0.81% -2.03% 10.41%

Zinc 3,355.00 -1.53% -4.23% -5.44% 22.45%

Nickel 13,403.00 -0.07% -2.33% -2.20% 21.41%

MAJOR COMMODITIES

03

S2 S1 Weekly Pivot R1 R2

29530 29899 30424 30949 31390


$1248 $1284 $1321 $1366 $1404

MCX GOLD CHART

Technical Indicators (Gold):

1) ATR (Average True Range): 558 points.

2) RSI: 56.27.

3) ADX: Positive.

4) Stochastic Oscillator: Over Bought.

5) Both moving averages (21 & 126) shows: support signal s

from 126 MA at @28916 & support signals from 21 MA

at @29567.

6) Trading view: Range bound (29899 - 30949).

Technical Indicators (Gold Comex):

1) ATR (Average True Range): 30.80 points.

2) RSI: 53.

3) ADX: Positive.

4) Stochastic Oscillator: Negative.

5) Both moving averages (21 & 126) shows: Supportive

signals from 126 MA at $1244.50 & support signal s

from 21 MA at $1301. 6) Trading view: Range bound ($1284 - $1366).

GOLD INTERNATIONAL CHART

04


36300 37770 38845 40120 41520


$15.42 $15.90 $16.48 $17.21 $17.75

05

MCX SILVER CHART

Technical Indicators (Silver):


2) RSI: 45.

3) ADX: Sideways.

4) Stochastic Oscillator: Positive.

5) Moving averages (21 & 126) shows: Support

signals from 126 MA, @40345, while second

support is placed at 21 MA, @39364.

6) Trading view: Range bound (37770 – 40120).

Technical Indicators (Silver Comex):

1) ATR (Average True Range): $0.65 points.

2) RSI: 46.

3) ADX: Sideways.


5) Moving averages (21 & 126) shows: Prices took support at

126 MA which is placed at $16.81 and 21 MA is placed at

@16.77 (21MA).

6) Trading view: Range bound ($15.90 - $17.21).

SILVER INTERNATIONAL CHART



430 442 453 465 477


$3.01 $3.06 $3.15 $3.21 $3.30

MCX COPPER CHART

Technical Indicators (Copper):


2) RSI: 55.

3) ADX: Sideways.


5) As per chart: Major Supportive signals @442/430 &

resistance @465/477.

Trading view: You can follow sell on rise strategy @460-465,

with sl@477, Tgt-> 442/430.

Technical Indicators (Copper Comex):


2) RSI: 51.75.

3) ADX: Sideways.


Trading view: You can follow sell on rise strategy

at $3.21 around, with sl@$3.31, Tgt: $3.06/$3.01.

COPPER INTERNATIONAL CHART


06


3720 3810 4025 4140 4259


$54.70 $57.60 $61.65 $64.75 $67.20

07

MCX CRUDE CHART

CHART

Technical Indicators (Crude oil):


2) RSI: 58.40.

3) ADX: Positive.


5) Moving averages (21 & 126) shows: support

signals by 126 MA, @3157 & second support shows

by 21 MA, @3804 around.

6) Medium term trend view: Buy on dips at @3939

around, with sl@3810, Tgt: 4140/4259.

Technical Indicators (Crude oil Nymex):


2) RSI: 56.

3) ADX: Positive.

4) Stochastic Oscillator: Positve.

5) Moving averages (21 & 126) shows: Support

signals by 126 MA, $47.95 & support shows by 21

MA, $59.20 around.

6) Medium term trend view: Buy on dips @ $59.60 around, sl@ $57.60, Tgt: $64.75/$67.20.

NYMEX CRUDE CHART



162 169 176 184 192


$2.59 $2.65 $2.69 $2.75 $2.79

Technical Indicators (Natural Gas):


2) RSI: 46.70.

3) ADX: Sideways.

4) Stochastic Oscillator: Oversold.

5) Moving averages (21 & 126) shows: Major support signals of 21-MA is placed @187.70 & while second support is placed at 126-MA

at @181.40 Overall trend for the coming week is looking on short-

covering mode & trading range may be (169 - 192).

Technical Indicators (Natural Gas Nymex):

1) ATR (Average True Range): $0.2646.

2) RSI: 45.

3) ADX: Sideways.

4) Stochastic Oscillator: Oversold.

5) Moving averages (21 & 126) shows: Major support is placed

at $2.7470 which is 126MA while short term support is

placed at 21 MA ($2.89). Overall trend for the coming week is

looking on short-covering mode & trading range may be ($2.65- $2.79).

NATURAL GAS INTERNATIONAL


08

MCX NATURAL GAS

CHART

DATE TIME CURRENCY ECONOMIC DATA FORECAST PREVOUS

MonMar 5 7:15am CNY Caixin Services PMI 54.3 54.7

3:00pm GBP Services PMI 53.3 53

8:30pm USD ISM Non-Manufacturing PMI 58.9 59.9

11:45pm USD FOMC Member Quarles Speaks

TueMar 6 6:00pm USD FOMC Member Dudley Speaks

11:45pm GBP MPC Member Haldane Speaks

WedMar 7 4:00am USD FOMC Member Brainard Speaks

2:00pm GBP Halifax HPI m/m 0.40% -0.60%

6:30pm USD FOMC Member Bostic Speaks

6:45pm USD ADP Non-Farm Employment

Change 194K 234K

6:50pm USD FOMC Member Dudley Speaks

9:00pm USD Crude Oil Inventories 3.0M

ThuMar 8 Tentative CNY Trade Balance -71B 136B

6:15pm EUR Minimum Bid Rate 0.00% 0.00%

7:00pm EUR ECB Press Conference

USD Unemployment Claims 216K 210K

FriMar 9 7:00am CNY CPI y/y 2.40% 1.50%

CNY PPI y/y 3.80% 4.30%

3:00pm GBP Manufacturing Production m/m 0.20% 0.30%

GBP Goods Trade Balance -12.0B -13.6B

7:00pm USD Average Hourly Earnings m/m 0.30% 0.30%

USD Non-Farm Employment Change 204K 200K

USD Unemployment Rate 4.00% 4.10%

IMP ECONOMOIC DATA TO WATCH FOR THE WEEK

09

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weekly report 05 mar to 09 mar 2018...natural gas december to extend oil output cuts commodity s2 s1...

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