commodities journal daily report 28 september

1. Commodity Premium Daily Journal Strictly For Client Circulation Thursday, 28th September 2017 29642 39702 Gold Silver research@24cfin.com contactus@24cfin.com +91-98261-69053 604 - Shekhar Central, Palasia Square, Indore - 452001, Madhya Pradesh, INDIA

2. Market Wrapup Thursday, 28th September 2017 Commodity High Open Price Low Contract Close Price Gold 29663 29686 29633 29658 05-Oct-2017 Silver 39734 39778 39700 39732 05-Dec-2017 Crude Oil 3424 3432 3424 3416 18-Oct-2017 Natural Gas 202.3 202.4 202 201.8 26-Oct-2017 Copper 426.3 426.3 425.5 425.95 30-Nov-2017 Zinc 206.75 207.5 206.75 207.05 29-Sep-2017 Lead 161 161.4 161 161.05 29-Sep-2017 Aluminium 138.15 138.45 138.15 138.15 29-Sep-2017 Nickel 674.8 674.8 672.6 670.4 29-Sep-2017 research@24cfin.com contactus@24cfin.com +91-98261-69053 604 - Shekhar Central, Palasia Square, Indore - 452001, Madhya Pradesh, INDIA Sebi Reg. No.:- INH000003358

3. Support & Resistance Thursday, 28th September 2017 Commodity RES-2 RES-1 PIVOT SUP.1 SUP.2 Contract 05-Oct-2017 30039.33 29848.67 29737.33 29546.67 29435.33 Gold 05-Dec-2017 40177.33 39954.66 39802.33 39579.66 39427.33 Silver 18-Oct-2017 3474.67 3445.33 3421.67 3392.33 3368.67 Crude Oil 26-Oct-2017 207.47 204.63 201.07 198.23 194.67 Natural Gas 30-Nov-2017 431.92 428.93 426.57 423.58 421.22 Copper 29-Sep-2017 210.72 208.88 206.87 205.03 203.02 Zinc 29-Sep-2017 163.98 162.52 161.38 159.92 158.78 Lead 29-Sep-2017 140.05 139.10 138.40 137.45 136.75 Aluminium 29-Sep-2017 703.27 686.83 676.17 659.73 649.07 Nickel research@24cfin.com contactus@24cfin.com +91-98261-69053 604 - Shekhar Central, Palasia Square, Indore - 452001, Madhya Pradesh, INDIA Sebi Reg. No.:- INH000003358

4. MCX Outlook Thursday, 28th September 2017 Aluminium market under long liquidation; Support seen at 136.8 Technically market is under long liquidation as market has witnessed drop in open interest by 6.48% to settled at 2049 while prices down 1.25 rupees. Now Aluminium is getting support at 136.8 and below same could see a test of 135.9 level, And resistance is now likely to be seen at 139.2, a move above could see prices testing 140.7. Aluminium on MCX settled down -0.9% at 137.55 subdued by a stronger dollar and ongoing concerns over flagging economic growth in China. China imported 7,706 tonnes of primary aluminum in August, down 20.7 per cent on a yearly basis, according to China Customs. Zinc market under long liquidation; Resistance seen at 208.5 Technically Zinc market is under long liquidation as market has witnessed drop in open interest by 13.66% to settled at 7021 while prices down 0.1 rupees. Now MCX Zinc is getting support at 203.8 and below same could see a test of 201.7 levels and resistance is now likely to be seen at 208.5, a move above could see prices testing 211.1. Zinc on MCX settled down -0.05% at 205.85 on profit booking as China's economic growth likely slipped in the third quarter. Another 20,350 tonnes of zinc warrants were cancelled; meaning metal had been earmarked for delivery and was no longer available to the wider market. The premium of cash zinc to the three-month contract rose to its highest since early 2007 at $69, reflecting tight supplies of immediately available metal. The Asian Development Bank raised its outlook for China’s economic growth this year on the back of strong domestic consumption, an export recovery and solid growth in services. research@24cfin.com contactus@24cfin.com +91-98261-69053 604 - Shekhar Central, Palasia Square, Indore - 452001, Madhya Pradesh, INDIA Sebi Reg. No.:- INH000003358

5. Market News Thursday, 28th September 2017 Special News Special News Special News Gold Prices Dip In Asia On Stronger Dollar, India Demand Eyed Gold prices fell in Asia as the dollar showed gains, making the commodity priced in greenbacks more expensive for key buyers in countries such as China and India. Gold futures for December delivery on the Comex division of the New York Mercantile Exchange dipped 0.27% to $1,248.30 a troy ounce. Demand from Indai ahead of the festival season is eyed for physical support. Overnight, gGold prices fell sharply on Wednesday amid a rally in the dollar on the back of rising expectations of a year-end rate hike and tax reform. Expectations grew that tax reform will be implemented sooner rather than later supporting a move higher in dollar, pressuring gold prices as Republicans in the U.S. Congress and the White House unveiled plans to change America’s tax code in a proposal that slashes taxes on businesses the wealthy. Crude Oil Prices Drop In Asia With Markets Still Supported On Demand Views Crude oil prices fell in Asia with the markets still supported by supply and demand fundamentals and with the U.S. market eyed for fresh demand cues if the Trump administration manages to pass a massive tax cut. On the New York Mercantile Exchange crude futures for November delivery fell 0.36% to $51.95 a barrel , while on London's Intercontinental Exchange, Brent lost 0.42% to $57.33 a a barrel. Overnight, crude oil prices settled higher on Wednesday, as traders cheered data showing an unexpected draw in U.S. crude supplies pointing to a recovery in refinery activity and exports following disruptions due to Hurricane Harvey in August. research@24cfin.com contactus@24cfin.com +91-98261-69053 604 - Shekhar Central, Palasia Square, Indore - 452001, Madhya Pradesh, INDIA Sebi Reg. No.:- INH000003358

6. Market News Thursday, 28th September 2017 Commodity Buzz Commodity Buzz Commodity Buzz Canadian Gold explorer expected to garner interest as 'M&A target' Victoria Gold Corp. (VIT:TSX.V) announced multiple results from its 100%-owned Dublin Gulch gold property in the Yukon with back to back news releases on Sept. 18 and Sept. 19. In the Sept. 19 press release, Victoria Gold announced the first assays received from the "2017 Bluto target surface trench exploration program. TR17-16 was the first major trench constructed at the Bluto target this season and was concentrated on a trail built with heavy equipment to access a water source that would be utilized in the planned 2017 Bluto diamond drilling exploration program." "The fact that a high-grade gold vein was discovered early in this campaign demonstrates that our Potato Hills Trend mineralization model is working and we look forward to the first ever drill results from this highly prospective area," noted John McConnell, president and CEO of Victoria Gold. Following the press release, Chris Thompson, an analyst with Raymond James, reported on Sept. 19 that "VIT's continued exploration success demonstrates potential upside for Eagle, providing possible satellite deposits which could extend the planned mine life beyond the current 10 years. " He pointed out that "recent drilling and trenching along the Potato Hills trend have identified several new targets including Spinach (~500 m north of Olive-Shamrock), Popeye (~1 km west of Olive-Shamrock), and Bluto (6 km east of Eagle)." He explained that he is maintaining a Buy rating and that the $1.00 target price "is derived by applying a 1.0x multiple to our fully funded NAV. We feel our target is justified given Eagle's safe jurisdiction and fully permitted status." research@24cfin.com contactus@24cfin.com +91-98261-69053 604 - Shekhar Central, Palasia Square, Indore - 452001, Madhya Pradesh, INDIA Sebi Reg. No.:- INH000003358

7. Analyst Speaks Thursday, 28th September 2017 Gold MCX Gold Comex is trading in A channel Pa?er, Immediate support is @ 1274$ If Sustains below 1274$ Gold will find its next support at 1235$, On the Upside immediate Resistance lies at 1312$, If Sustains above 1312$ Gold comex will find its next Resistance at 1345$ RESISTANCE 2 30039.33 RESISTANCE 1 29848.67 PIVOT 29737.33 COMEX CALL: SELL GOLD COMEX AT AROUND 1285$ WITH STOPLOSS 1292$ FOR TARGET 1275$ SUPPORT 1 29546.67 MCX CALL: SELL GOLD MCX AT AROUND 29750- 29780 WITH STOPLOSS 29925 FOR TARGET 29600-29570 SUPPORT 2 29435.33 research@24cfin.com contactus@24cfin.com +91-98261-69053 604 - Shekhar Central, Palasia Square, Indore - 452001, Madhya Pradesh, INDIA Sebi Reg. No.:- INH000003358

8. Analyst Speaks Thursday, 28th September 2017 CRUDE OIL MCX RESISTANCE 2 3474.67 Copper technically looks weak on Charts, immediate trend is Down and We may See selling pressure around Resistance levels at 2.95$ Copper has immediate support at 2.80$ Also Momentum indicator: MACDH (12,26,9) and AO on 4-HR ?me frame is trading in nega?ve territory COMEX CALL: SELL COPPER COMEX AT AROUND 2.90$ WITH STOPLOSS 2.98& TARGET 2.80$ RESISTANCE 1 3445.33 PIVOT 3421.67 SUPPORT 1 3392.33 MCX CALL: SELL COPPER NOV AT AROUND 428- 428.50 WITH STOPLOSS 432 TARGET 417 SUPPORT 2 3368.67 research@24cfin.com contactus@24cfin.com +91-98261-69053 604 - Shekhar Central, Palasia Square, Indore - 452001, Madhya Pradesh, INDIA Sebi Reg. No.:- INH000003358

9. Today’s Economic Events Thursday, 28th September 2017 TIME EVENT COUNTRY ACTUAL FORECAST PREVIOUS 3.0% 3.0% Final GDP q/q 6:00pm 269K 259K Unemployment Claims USD 7:45pm FOMC Member Fischer Speaks research@24cfin.com contactus@24cfin.com +91-98261-69053 604 - Shekhar Central, Palasia Square, Indore - 452001, Madhya Pradesh, INDIA Sebi Reg. No.:- INH000003358

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