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7/29/2019 Bullion Metals
1/12
Week : 03rd to 09th Aug 2013
Analyst Speak
Bullion Remained SidewaysFor The Entire Weak.
7/29/2019 Bullion Metals
2/12
www.capitalvia.com
ECONOMIC DATA
Weekly Report | Page 2 Week : 03rd to 09th Aug 2013
Date Time Currency Forecast Previous
MonAug 5
7:30pm USD ISM Non-Manufacturing PMI 53.2 52.2
TueAug 6
6:00pm USD Trade Balance -43.1B -45.0B
7:30pm USD JOLTS Job Openings 3.83M
USD IBD/TIPP Economic Optimism 47.9 47.1
10:30pm USD FOMC Member Evans Speaks
WedAug 7 8:00pm USD Crude Oil Inventories 0.4M
10:30pm USD 10-y Bond Auction 2.67|2.6
ThuAug 8
12:30am USD Consumer Credit m/m 15.3B 19.6B
6:00pm USD Unemployment Claims 336K 326K
8:00pm USD Natural Gas Storage 59B
10:30pm USD 30-y Bond Auction 3.66|2.3
FriAug 9
7:30pm USD Wholesale Inventories m/m 0.5% -0.5%
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FUNDAMENTAL MARKET
Weekly Report | Page 3 Week : 03rd to 09th Aug 2013
OVERVIEW
West Texas Intermediate Crude dropped, paring a weeklyadvance, as U.S. employers added fewer workers thananticipated last month.Futures fell as much as 1.3 percent on Crude oil futures trimmed gains on Wednesday, after a reportLabor Department figures showing that payrolls rose 162,000 in from the U.S. government showed that oil supplies roseJuly, the smallest gain in four months. A 185,000 increase was unexpectedly last week.The U.S. Energy Informationthe median forecast of 93 economists surveyed by Administration said in its weekly report that U.S. Crude oilBloomberg.WTI Crude for September delivery declined 92 inventories rose by 0.4 million barrels in the week ended Julycents, or 0.9 percent, to $106.97 a barrel on the NYMEX prices 26, disappointing expectations for a decline of 2.3 millionare headed for a 2.2 percent gain this week. Crude oil rose 2.7 barrels.Concern over supply disruptions in Iraq, Libya and
percent to $107.89 yesterday, the most since July 10 and the Nigeria prevented heavier losses.Libya's oil exports continuedhighest close since July 19. to flow at less than half normal rates on Friday as strikes and
protests shut major oil terminals in the North African OPECproducer - triggering one of the worst disruptions in the pastyear.These outages helped trim OPEC output to a four-monthlow in July, a Reuters survey published on Wednesdayshowed.OPEC output averaged 30.25 million barrels per day(bpd), down from 30.38 million bpd in June.
FUNDAMENTALS
Copper rose to its highest level in more than a week on Friday,as optimism about the outlook for the global economy gatheredpace, with U.S. labour market data due later in the session Three-month Copper on the London Metal Exchange rose inlikely to provide further direction for industrial metal intraday trade to its highest since July 24 at $7,050 a tonne. Itprices.Markets have been supported this week by a statement traded at $7,020 a tonne , up from a last bid of $6,998 a tonneby the Federal Reserve that the U.S. economy continues to on Thursday. The metal used in power and construction is onrecover but is still in need of support, offering no signs that it is track to rise 2.5 percent for the week, its first gain in threeplanning to curb its bond-buying stimulus at its next meeting in weeks. It registered a monthly gain of 1.9 percent in July.NickelSeptember.The European Central Bank (ECB)affirmed interest miners are clinging to plans to maintain production, despite arates could fall further from record lows.Non-farm payrolls were growing supply glut and prices around four-year lows, raisingexpected to have risen by 184,000 in July, with the jobless rate the risk of more writedowns and losses being unveiled in theseen ticking down to 7.5 percent. current financial reporting season.Nickel, untraded in official
rings, was bid at $13,870 from a close of $13,895 on Thursday.Tin, also untraded in official rings, was bid at $20,825 from
$20,920. Aluminium, untraded in rings, was bid at $1,817 from$1,812.Zinc traded at $1,872 from $1,855, and Lead traded at$2,123 from $2,106.
INVENTORY
Gold rebounded on Friday as the dollar dropped after mixedsignals about the U.S. labour market quashed prospects theFederal Reserve will start tapering its stimulus as early as Spot Gold gains 1.5 percent to $1,312.56 an ounce, bringingnext month. Losses over the past five sessions pushed Gold losses this week to around 1.8 percent. Gold fell earlier totowards its worst weekly performance in a month. Strong $1,283.29 - its lowest since July 19.Holdings in SPDR Goldjobless benefits and factory activity data, along with better- Trust, the world's largest Gold-backed exchange-traded fund,than-expected U.S. GDP numbers, bolstered the case for a fell 0.7 percent to 921.05 tonnes on Thursday, hitting freshstimulus wind-down. four-year lows.Outflows from the top eight Gold ETFs tracked
by Reuters have totalled 19 million ounces so far this year, orabout $25 billion at current prices.Physical demand has heldup reasonably well despite the volatility in prices.
FUNDAMENTALS
GOLD HEADS FOR BIGGEST WEEKLY LOSS IN A MONTH
CRUDE OIL SLIPS AS U.S.JOB DATA DISAPPOINTS,BUT ENDS WITH 2.2% WEEKLY GAIN
COPPER FUTURES RALLY TO 1-WEEK HIGH AFTER EURO ZONE, CHINA PMI DATA
7/29/2019 Bullion Metals
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WeeklyChart
Last week COMEX Gold is technically Consolidating on charts.Gold rebounded on Friday as the dollar dropped
after mixed signals about the U.S. labour market quashed prospects the Federal Reserve will start tapering its
stimulus as early as next month.
GOLD(DECEMBER)
ExpertOpinion
ExpertOpinion
GOLD HEADS
FOR BIGGESTWEEKLY LOSS
IN A MONTH
Script
Levels
R3
1423
R2
1367
R1
1340
PP
1311
S1
1284
S2
1255
S3
1199
MARKETOVERVIEW
Weekly Report | Page 4 Week : 03rd to 09th Aug 2013
For the next week traders can use sell on higher level strategy.If COMEX Gold sustains below the level of $1310 an
ounce,then below $1285 it can test the level of $1270/$1255/$1240 an ounce. And in MCX, If Gold October future
sustains below 27600 then below 27400 it can test the level of 27200/27000/26800.Trade by keeping the strict stop
losses.
Major support in COMEX Gold is $1250 and $1210.Major resistance in COMEX Gold is $1380 and $1440.
Major support in MCX Gold is 27000 and 26400.Major resistance in MCX Gold is 29000 and 29800.
Supports & Resistance
WORK
STRATEGY
7/29/2019 Bullion Metals
5/12
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WeeklyChart
COMEX Silver was technically consolidating on charts.Silver COMEX for September delivery was down by 2.30%
at $19.990 a troy ounce on Friday. Silver ended with weekly gains of more than 2.5 %.
SILVER(SEPTEMBER)
ExpertOpinion
ExpertOpinion
SILVER FUTURES
BOUNCES ON
WEAK U.S. JOBSREPORT,TRIM
GAINS
Script
Levels
R3
2192
R2
2086
R1
2040
PP
1980
S1
1934
S2
1874
S3
1768
MARKETOVERVIEW
Weekly Report | Page 5 Week : 03rd to 09th Aug 2013
For the next week traders can use sell on higher level strategy. If COMEX Silver sustains below the level of $20.20
an ounce, then below $19.50 it can test the level of $19.00/$18.50/$18.00 an ounce. And in MCX, If Silver
September future sustains below 41200 then below 40600 it can test the level of 40100/39600/39100.Trade by
keeping the strict stop losses.
Major support in COMEX Silver is $18.00 and $17.20.Major resistance in COMEX Silver is $21.40 and $22.20.
Major support in MCX Silver is 39000 and 37600.Major resistance in MCX Silver is 44000 and 45200.
Supports & Resistance
WORK
STRATEGY
7/29/2019 Bullion Metals
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WeeklyChart
Last week NYMEX Crude oil was in consolidation range.Crude dropped, paring a weekly advance, as U.S.
employers added fewer workers than anticipated last month.Crude prices are headed for a 2.2 percent gain this
week. Crude oil rose 2.7 percent to $107.89 yesterday, the most since July 10 and the highest close since July 19.
CRUDE(SEPTEMBER)
ExpertOpinion
ExpertOpinion
Script
Levels
R3
118.32
R2
112.25
R1
109.69
PP
106.18
S1
103.62
S2
100.11
S3
94.04
MARKETOVERVIEW
Weekly Report | Page 6 Week : 03rd to 09th Aug 2013
For the next week traders can use sell on higher level strategy. If NYMEX Crude sustains below the level of $106.00
a barrel, then below $104.80 a barrel it can test the level of $103.60/$102.40/$101.20 a barrel and in MCX if Crude
August Contact sustains below 6480 then below 6430 it can test the level of 6380/6330/6280 in this week. Trade by
keeping the proper stop loss.
Major support in NYMEX Crude oil is $103 and $100.Major resistance in NYMEX Crude oil is $111 and $114.
Major support in MCX Crude oil is 6350 and 6200.Major resistance in MCX Crude oil is 6780 and 6900.
Supports & Resistance
WORK
STRATEGY
CRUDE OIL SLIPS
AS U.S.JOB DATA
DISAPPOINTS,BU
T ENDS WITH
2.2% WEEKLY
GAIN
7/29/2019 Bullion Metals
7/12
www.capitalvia.com
WeeklyChart
Last week, Copper COMEX was consolidation on charts.Copper rose to its highest level in more than a week on
Friday, as optimism about the outlook for the global economy gathered pace, with U.S. labour market data due later
in the session likely to provide further direction for industrial metal prices.
COPPER
ExpertOpinion
ExpertOpinion
COPPER FUTURES
RALLY TO 1-WEEK
HIGH AFTER EURO
ZONE, CHINA PMI
DATA
Script
Levels
R3
347.41
R2
330.41
R1
324.22
PP
313.41
S1
307.22
S2
296.41
S3
279.41
MARKETOVERVIEW
Weekly Report | Page 7 Week : 03rd to 09th Aug 2013
For the next week traders can use sell on higher level strategy. If COMEX Copper sustains below the level of $318,
then below $312 it can test the level of $307/$302/$297.In MCX, Copper August Contract sustains below 425 then
below 420 it can test the level of 415/410/405 in this week. Trade by keeping the proper stop loss.
Major support in COMEX Copper is $305 and $295.Major resistance in COMEX Copper is $330 and $340.Major support in MCX Copper is 410 and 400.Major resistance in MCX Copper is 440 and 450.
Support and Resistance
WORK
STRATEGY
(SEPTEMBER)
7/29/2019 Bullion Metals
8/12
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WeeklyChart
Last week U.S Natural gas was consolidating on charts.Natural gas futures added to losses on Thursday, tumbling
to the lowest level since February after a report from the U.S. Energy Information Administration showed that
natural gas supplies rose more-than-expected last week.
NATURALGAS
(SEPTEMBER)
ExpertOpinion
ExpertOpinion
NATURAL GAS
FUTURES TUMBLETO 5-MONTH LOW
AFTER U.S.
SUPPLY DATA
Script
Levels
R3
3.707
R2
3.549
R1
3.453
PP
3.391
S1
3.295
S2
3.233
S3
3.075
MARKETOVERVIEW
Weekly Report | Page 8 Week : 03rd to 09th Aug 2013
For the next week traders can use sell on higher level strategy. Next week If NYMEX Natural Gas sustains below the
level of $3.400 then below the level of $3.300,it can test the level of $3.250/$3.200/$3.315.In MCX, If Natural Gas
August sustains below the 208 level then below 203 it can test the level of 198/193/188 in this week. Trade by
keeping the proper stop loss.
Major support in NYMEX Natural Gas is $3.100 and $2.8000.Major resistance in NYMEX Natural Gas is $3.800 and $4.100.
Major support in MCX Natural Gas is 190 and 180.Major resistance in MCX Natural Gas is 220 and 230.
Support and Resistance
WORK
STRATEGY
7/29/2019 Bullion Metals
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WeeklyChart
Last Week USD/INR was consolidating on charts. The INR fell to a record closing low on Friday, posting its worst
week in 22 months, raising concerns the central bank is losing the battle to prop up the currency while the
government has yet to take any meaningful measures to bring in inflows.
USD/INR
ExpertOpinion
ExpertOpinion
INDIAN RUPEE
AT RECORDCLOSING LOW;
WORST WEEK
IN NEARLY 2
YEARS
Script
Levels
R3
64.807
R2
62.567
R1
61.703
PP
60.320
S1
59.463
S2
58.087
S3
55.847
MARKETOVERVIEW
Weekly Report | Page 9 Week : 03rd to 09th Aug 2013
For the next week traders can use sell on higher level strategy.Next Week If USD/INR sustain below 61.000 then
below 60.2000 it can test the level of 59.700/59.200/58.700 in this week. Trade by keeping the proper stop loss.
For the upcoming week 58.5000 and 57.0000 will act as crucial supports and 62.0000 and 63.2000 will act as
crucial resistance in USD/INR.
Support and resistance
WORK
STRATEGY
7/29/2019 Bullion Metals
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WEEKLY MARKETUPDATE
Weekly Report | Page 10 Week : 03rd to 09th Aug 2013
INTERNATIONAL MARKETUPDATE
COMMODITY CLOSING PRICE % CHANGE
GOLD 1317.15 -0.67
SILVER 19.92 0.96
COPPER 3.15 -9.22
CRUDE 107.16 2.79
NATURAL GAS 3.315 -10.89
USD/INR 60.79 2.51
SYMBOLEXCH
ANGEEXPIRYDATE
COMMODITYNAME
PRICE UNIT
PREVCLOSE
OPEN
HIGH
LOW
CLOSE
QTYTRADED
NETCHANG
E
OPENINTEREST
WEEKLYTURNOVER (Rs. in Lakhs)
GOLD MCX 05 OCT -2013
GOLD
RS. /10GM.
27500
27473
28676
27385
28047
141311
547 12200 3179821.88
SILVER MCX 05 SEP -2013
SILVER
RS. / KG.
41050
40881
42600
40651
41969
158455
919 9467 1970079.17
COPPER MCX 30 AUG -2013
COPPER
RS. / KG.
408.35
408.4
432.3
406.4
428.2
300581
19.85 22566 1259475.59
CRUDE OIL MCX19 AUG -2013
CRUDE OIL
RS. / BBL.
6199
62026637
6186
6523
570074
324 49704 3016501.68
NATURAL GAS MCX 27 AUG -2013
NATURAL GAS
RS./ MM BTU
212.9
212.6
213.2
203.7
204.6
214175
-8.3 12260 558671.05
LEAD MCX 30 AUG -2013
LEAD
RS. / KG. 122.2
122.2
130.25
121.7
128.95
62451
6.75 8471 396093.74
ZINC MCX 30 AUG -2013
ZINC
RS. / KG.
109.2
109.6
113.95
108.75
113.15
32643
3.95 3245 182560.34
NICKEL MCX 30 AUG -2013
NICKEL
RS. / KG. 825.3
826.6
858
818
850.9
79797
25.6 6141 167824.65
ALUMINIUM MCX 30 AUG -2013
ALUMINIUM
RS. / KG.
105.95
106.15
110.25
105.8
109.25
22722
3.3 2796 123208.59
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Weekly Report | Page 11 Week : 03rd to 09th Aug 2013
CommodityExpiryDate
ClosingPrice
%Change
Weekly Gainers
CommodityExpiryDate
ClosingPrice
%Change
Weekly Loser
LEAD 30 AUG-2013 128.95 5.52 NATURAL GAS 27 AUG-2013 204.6 -3.89
CRUDE 19 AUG-2013 6523 5.22
WEEKLY PIVOTS
WEEKLY MARKETUPDATE
COPPER 30 AUG-2013 428.2 4.86
SCRIPTS R3 R2 R1 PP S1 S2 S3
GOLD 30435.67 29144.67 28322.33 27853.67 27031.33 26562.67 25271.67
SILVER 45331.67 43382.67 42216.33 41433.67 40267.33 39484.67 37535.67
COPPER 467.48 441.58 424.97 415.68 399.07 389.78 363.88
CRUDE 7242.67 6791.67 6495.33 6340.67 6044.33 5889.67 5438.67
NATURAL GAS 228.93 219.43 216.17 209.93 206.67 200.43 190.93
LEAD 141.82 133.27 127.73 124.72 119.18 116.17 107.62
ZINC 121.03 115.83 112.52 110.63 107.32 105.43 100.23
NICKEL 913.77 873.77 849.53 833.77 809.53 793.77 753.77
ALUMINIUM 116.23 111.78 108.87 107.33 104.42 102.88 98.43
7/29/2019 Bullion Metals
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