Commodity Mantra

Precious Metals
Close 1D % Chg Commodity Commentary August 13, 2021
MCX
Gold
Gold (`/10 gm) 46,363.00 (0.1)
Gold prices fell on Thursday on the back of the slowdown in US retail inflation that may
Silver (`/kg) 61,860.00 (1.5)
lead to tightening of monetary policy sooner than anticipated. MCX Gold remained
COMEX (US$/oz)
Gold $1,755.00 0.2
sideward on the hourly chart. On the hourly timeframe, the price has moved above the
Silver $ 23.22 0.5 20EMA as well as 50EMA. 20EMA and 50EMA are in bearish crossover. The hourly
stochastic is in bullish crossover. Going forward, the price of gold may remain positive. On
Base Metals
the lower end price has support at 46100. On the higher end, price has resistance 46550.
Close 1D % Chg
MCX (`/kg)
Silver
Aluminum 206.95 (0.5)
Silver fell as U.S. inflation data heightened the taper bets. MCX Silver traded with negative
Copper 730.25 (0.7)
bias during the day. Besides, price has remained below 20EMA as well as below the 50EMA
Lead 179.90 (0.4)

Nickel 1491.30 1.2

on the hourly chart. 20EMA and 50EMA are in bearish crossover. The hourly stochastic is
Zinc 248.80 (1.09)
in bearish crossover. Going forward, the trend may remain sideward to negative. On the
higher end, the price has resistance at 62700. On the lower end price has support at
Energy
61200/60900.
Close 1D % Chg

MCX
Copper
Crude oil (`/bbl) 5,138.00 (0.2)
Copper prices received some support from improving economic prospects on the back of
Natural gas (`/mmBtu) 292.50 (3.2)

NYMEX
increased infrastructure spending in the United States. MCX Copper price remained
Crude oil(US$/bbl) $ 68.64 (0.7)
volatile during the day. The price moved down below 20EMA as well as 50EMA on the
Natural gas(US$/mmBtu) $ 3.91 0.0 hourly timeframe suggesting bearishness. The hourly stochastic is in bullish crossover.
Going forward, the price may remain sideward to positive; a decisive trade above 733 may
LME inventories change
induce a pullback. On the lower end price may have support around 724.
Commodity (‘000 tons) 12.08.21 11.08.21
Aluminium (6650) 1125
Copper (150) (175)
Crude
Lead (100) (475) Oil prices steadied on Thursday as the IEA warns that the spread of the Delta variant of
Nickel (1440) (180) the coronavirus is likely to weaken the recovery of global oil demand. MCX Crude oil price
Zinc (3800) (1725) remained mostly sideward during the day. The price moved up above 20EMA as well as
50EMA on the hourly timeframe. The hourly stochastic is in bearish crossover. Going
Gold Active Strikes
Strikes Price % Price Volume OI % OI forward, the price may remain sideward. On the higher end, the price has resistance at
Change (Lots) Change 5176. On the lower end price has support at 5050, a decisive fall below 5050 may trigger
48000 CE 198.5 (13) 181 351 (12) further correction in the price.
47000 CE 453 (5) 123 235 0
45000 PE 271.5 (3) 62 139 3
46000 CE 947.5 1 58 64 2 Natural Gas
Natural prices have declined four times in five sessions on low demand outlook. MCX
Crude Oil Active Strikes
Strikes Price % Price Volume OI % OI
Natural Gas price slipped below previous swing low on the hourly chart. The price has
Change (Lots) Change remained below 20EMA as well as below 50EMA on the hourly timeframe suggesting
5100 PE 67.3 (14) 20580 1763 23
bearishness. The hourly Stochastic is in bearish crossover. Going forward, the price may
5200 CE 55.9 (20) 17979 2619 30
remain sideward. On the lower end price may find support at 290. A failure to sustain above
5100 CE 103.8 (14) 16581 1214 16
290 may trigger a correction towards 284. On the higher end resistance is placed at 300.
5000 PE 37 (25) 12851 2613 6
Commodity Mantra

Technical Levels for The Day (NON-AGRI)

Commodity Expiry Trend S2 S1 LTP R1 R2
MCX GOLD Oct Sideways 45,900 46,100 46,363 46,550 46,750
SPOT GOLD ($) Sideways 1738 1746 1755 1762 1770
MCX SILVER Sept Sideways 61000 61400 61860 62200 62600
SPOT SILVER ($) Sideways 22.80 23.00 23.26 23.50 23.70
MCX BULLDEX Aug Sideways 13500 13700 13920 14100 14300
MCX METLDEX Aug Sideways 15500 15700 15847 16000 16150
LME COPPER ($) Sideways 9350 9430 9499 9550 9630
MCX COPPER Aug Sideways 722 726 730.25 734 738
MCX ZINC Aug Sideways 244 246 248.55 250 251
MCX LEAD Aug Sideways 177 178 179.9 181 182
MCX NICKEL Aug Sideways 1,470 1,480 1,491 1,500 1,510
MCX ALUMINIUM Aug Sideways 204 205 206.95 208 209
NCDEX STEEL Aug Sideways 43500 43700 44,000 44300 44600
MCX CRUDEOIL Aug Down 5,030 5,080 5,138 5,180 5,230
WTI CRUDE OIL ($) Down 67.40 68.20 68.73 69.30 70.20
BRENT CRUDE OIL ($) Down 69.50 70.20 70.95 71.50 72.20
MCX NATURAL GAS Aug Down 284 288 292.5 296 300

Technical Levels for The Day (AGRI)

Commodity Expiry Trend S2 S1 LTP R1 R2
NCDEX AGRIDEX Aug Sideways 1510 1530 1550 1580 1600
NCDEX JEERA Sept Up 13100 13300 13565 13750 14000
NCDEX TURMERIC Sept Up 7350 7450 7562 7650 7750
NCDEX CORIDANDER Sept Up 7200 7250 7340 7450 7550
NCDEX SOYABEAN Sept Sideways 7400 7500 7591 7700 7800
NCDEX REFSOYAOIL Sept Sideways 1355 1365 1374.3 1385 1395
NCDEX RMSEED Sept Sideways 7500 7580 7638 7700 7760
MCX CPO Aug Sideways 1150 1160 1164.5 1175 1185
MCX COTTON Aug Sideways 25700 25900 26010 26300 26500
NCDEX KAPAS April'22 Sideways 1380 1420 1447.5 1475 1510
NCDEX COCUDAKL Sept Up 2930 2960 2996 3050 3120
NCDEX GUARGUM Sept Up 7670 7740 7797 7860 7950
NCDEX GUARSEED Sept Up 4750 4800 4851 4900 4950
NCDEX CHANA Sept Sideways 4900 4950 5006 5050 5100
NCDEX CASTOR Sept Sideways 5620 5670 5714 5760 5810
MCX Mentha Oil Aug Sideways 910 920 932.4 945 955
Commodity Mantra

Economic Data To Watch Today

Time Country DATA Cons. Prev.
6:00 PM USA Export Price Index (MoM) (Jul) 0.8% 1.2%

6:00 PM USA Import Price Index (MoM) (Jul) 0.6% 1.0%

7:30 PM USA Michigan 5-Year Inflation Expectations (Aug) 2.80%

7:30 PM USA Michigan Consumer Expectations (Aug) 85.0 79.0

7:30 PM USA Michigan Consumer Sentiment (Aug) 81.2 81.2

7:30 PM USA Michigan Current Conditions (Aug) 84.5

7:30 PM USA Michigan Inflation Expectations (Aug) 4.7%

10:30 PM USA U.S. Baker Hughes Oil Rig Count 385

10:30 PM USA U.S. Baker Hughes Total Rig Count 488

Disclaimer

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Buy – Absolute return of over +10%

Accumulate – Absolute return between 0% to +10%
Reduce – Absolute return between 0% to -10%
Sell – Absolute return below -10%

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