(16th–Dec- 2020)

Morning Newsletter 1
2
 Precious Metals

31st-DEC-2019

MCX GOLD Daily Chart GOLD Commentary

Gold prices rise over 1% on hope for further U.S. coronavirus relief
package.

Strategy Corner:
Buy GOLD above 49599 TGT 49734 / 49880 SL 49443
Sell GOLD below 49288 TGT 49152 / 49007 SL 49443

DATA Watch: CANADA CPI m/m, US Core Retail Sales m/m, US

Retail Sales m/m, US Flash Manufacturing PMI.
Intraday View

Near term View

Strategy Corner: Buy MCXBULLDEX above 15376 TGT 15416 / 15463 SL 15322
Sell MCXBULLDEX below 15268 TGT 15228 / 15181 SL 15322

MCX SILVER Daily Chart SILVER Commentary

Silver has remains in a high volatility trade.

Strategy Corner:
Buy SILVER above 65218 TGT 65522 / 65857 SL 64853
Sell SILVER below 64489 TGT 64184 / 63850 SL 64853

DATA Watch: CANADA CPI m/m, US Core Retail Sales m/m, US

Retail Sales m/m, US Flash Manufacturing PMI.
Intraday View

Near term View

Morning Newsletter 3
Morning Newsletter 4
 Energy

31st-DEC-2019

MCX CRUDE OIL Daily Chart CRUDE OIL Commentary

Crude oil prices rose on Tuesday, shrugging off another small
downgrade to the global demand outlook on concentrating on
positioning for an expected rally in 2021.

Strategy Corner:
Buy CRUDE OIL above 3516 TGT 3532 & 3553 SL 3490
Sell CRUDE OIL below 3464 TGT 3448 & 3427 SL 3490

DATA Watch: CANADA CPI m/m, US Retail Sales m/m, US Flash

Manufacturing PMI, US Crude Oil Inventories.
Intraday View

Near term View

MCX NATURAL GAS Daily Chart NATURAL GAS Commentary

Natural has witnessed a high volatility trade.

Strategy Corner:
Buy NG above 197.4 TGT 198.9 & 200.7 SL 195.3
Sell NG below 193.2 TGT 191.7 & 189.9 SL 195.3

DATA Watch: Nil.

Intraday View

Near term View

Morning Newsletter 5
 Precious Metals

31st-DEC-2019

MCX COPPER Daily Chart COPPER Commentary

Copper also saw a small rise of 0.4% on its price to $7,785.50 per
tonne. The highest it has gone this year is $7,973 per tonne, a year
-to-date peak reached on December 11.

Strategy Corner:
Buy COPPER above 603.2 TGT 604.55 / 606.2 SL 601.25

Sell COPPER below 599.3 TGT 597.95 / 596.3 SL 601.25

DATA Watch: EUR French Flash Manufacturing PMI, EUR German

Flash Manufacturing PMI, EUR Flash Manufacturing PMI, GBP
Intraday View Flash Manufacturing PMI, US Core Retail Sales m/m, US Retail
Sales m/m, US Flash Manufacturing PMI.
Near term View

Strategy Corner: Buy MCXMETLDEX above 13794 TGT 13824 / 13860 SL 13752
Sell MCXMETLDEX below 13710 TGT 13680 / 13644 SL 13752

MCX ALUMINIUM Daily Chart ALUMINIUM Commentary

Operating rates at industrial extrusion producers rose 2.98
percentage points from October to 69.68%, and fell slightly to
61.84% at construction extrusion producers.

Strategy Corner:
Buy ALUMINIUM above 165.25 TGT 165.55 & 165.95 SL 164.75

Sell ALUMINIUM below 164.25 TGT 163.95 & 163.55 SL 164.75

DATA Watch: EUR French Flash Manufacturing PMI, EUR German

Flash Manufacturing PMI, EUR Flash Manufacturing PMI, GBP
Flash Manufacturing PMI, US Core Retail Sales m/m, US Retail
Sales m/m, US Flash Manufacturing PMI.
Intraday View

Near term View

Morning Newsletter 6
 Base Metals

31st-DEC-2019

MCX LEAD Daily Chart LEAD Commentary

LME base metals prices mixed despite positive Chinese data.

Strategy Corner:

Buy LEAD above 160 TGT 160.4 & 160.9 SL 159.4

Sell LEAD below 158.8 TGT 158.4 & 157.9 SL 159.4

DATA Watch: EUR French Flash Manufacturing PMI, EUR German

Intraday View Flash Manufacturing PMI, EUR Flash Manufacturing PMI, GBP
Flash Manufacturing PMI, US Core Retail Sales m/m, US Retail
Near term View Sales m/m, US Flash Manufacturing PMI.

MCX ZINC Daily Chart ZINC Commentary

Zinc ore remained stable month on month, while the zinc ingot
stocks remained low.

Strategy Corner:

Buy ZINC above 220.3 TGT 221 & 221.8 SL 219.4

Sell ZINC below 218.5 TGT 217.8 & 217 SL 219.4

DATA Watch: EUR French Flash Manufacturing PMI, EUR German

Intraday View Flash Manufacturing PMI, EUR Flash Manufacturing PMI, GBP
Flash Manufacturing PMI, US Core Retail Sales m/m, US Retail
Near term View

MCX NICKEL Daily Chart NICKEL Commentary

The stainless-steel additive set a new year-to-date high during
early trading on Monday at $17,780 per tonne, and until today,

Strategy Corner:

Buy NICKEL above 1324 TGT 1329.5 & 1335.7 SL 1317.1

Sell NICKEL below 1310.2 TGT 1304.7 & 1298.5 SL 1317.1

Intraday View DATA Watch: EUR French Flash Manufacturing PMI, EUR German
Flash Manufacturing PMI, EUR Flash Manufacturing PMI.
Near term View

Morning Newsletter 7
 Morning Newsletter

31st-DEC-2019

SUPPORTS & RESISTANCES

Commodity S3 S2 S1 Pivot Point R1 R2 R3

GOLD 49007 49152 49298 49443 49589 49734 49880

GOLDM 49013 49147 49282 49416 49551 49685 49820

SILVER 63850 64184 64519 64853 65188 65522 65857

SILVERM 63757 64099 64441 64783 65125 65467 65809

ALUMINIUM 163.55 163.95 164.35 164.75 165.15 165.55 165.95

COPPER 596.3 597.95 599.6 601.25 602.9 604.55 606.2

LEAD 157.9 158.4 158.9 159.4 159.9 160.4 160.9

ZINC 217 217.8 218.6 219.4 220.2 221 221.8

NICKEL 1298.5 1304.7 1310.9 1317.1 1323.3 1329.5 1335.7

CRUDE OIL 3427 3448 3469 3490 3511 3532 3553

NATURAL GAS 189.9 191.7 193.5 195.3 197.1 198.9 200.7

MCXBULLDEX 15181 15228 15275 15322 15369 15416 15463

MCXMETLDEX 13644 13680 13716 13752 13788 13824 13860

ECONOMIC CALENDER
Country Economic Event Forecast Previous Time
EUR German Flash Manufacturing PMI 56.4 57.8 2.00 PM

GBP Flash Manufacturing PMI 55.9 55.6 3.00 PM

CANADA CPI m/m 0.0% 0.4% 7.00 PM

US Core Retail Sales m/m 0.1% 0.2% 7.00 PM

US Retail Sales m/m -0.3% 0.3% 7.00 PM

US Flash Manufacturing PMI 55.9 56.7 8.15 PM

US Crude Oil Inventories -2.8M 15.2M 9.00 PM

Morning Newsletter 8
 Morning Newsletter

31st-DEC-2019

RESEARCHED & PREPARED BY

RESEARCH DEPT
CONTACT NO: 0422-4700840
EMAIL ID: KESAVAMOORTHY.B@SKYCOMMODITIES.IN

LAL’S

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Morning Newsletter 9