BULLION
Gold held on to a small loss from the previous session on Monday amid expectations of a U.S. Federal Reserve interest rate hike in September and fears of escalating trade tensions between the United States and China U.S. jobs growth accelerated in August with wages notching their largest annual increase in nine years strengthening views the economy was so far weathering the Trump administration escalating trade war with China. The stronger than expected payrolls data cemented expectations that the U.S. Fed will raise interest rates in September in what would be its third hike this year.

ENERGY
Oil prices rose on Monday as US drilling for new production stalled and as the market eyed tighter conditions once Washington's sanctions against Iran's crude exports kick in from November. US energy companies cut two oil rigs last week bringing the total count to 860 energy services firm Baker Hughes said on Friday.
The Energy Information Administration released its report on US natural gas stockpiles, showing a buildup of 63 billion cubic feet in the week ending August 31, adding to 70 billion in the previous week, while analysts expected a 60 billion increase.

Base Metals
London copper was trading steady on Monday morning after it registered its second weekly loss as an intensifying trade war between the United States and top metals consumer China raised concerns over demand. For the week LME and Shanghai copper are down 1.7 percent U.S. President Donald Trump has said he is prepared to quickly ramp up the trade war with China and has told aides he is ready to impose fresh tariffs on $200 billion worth of Chinese imports as soon as a public comment period on the plan ends.

SPICES
Jeer traded sideways with no strong movement noted as Oct Jeer failed to maintain above resistance levels. Low trading activities in mandis kept trend sideways for Jeer. Due to better crop expectations traders expect lower levels and firm Dollar could enhance export demand and support prices in coming sessions.

Trend remained weak for Turmeric as good sowing reports kept sentiments negative. Even as technical is still not very strongly positive there are expectations of demand on the domestic and export front picking up with harvesting still time away.

OILSEEDS
Fresh buying interest in spot markets (at lower rates) turned positive for the futures market and in coming sessions markets may look to recover soon as demand is expected to pick up in mandis amidst falling arrivals as new crop arrivals get over.
Soya oil failed to trade with a positive bias during evening session as global markets started trading on subdued note. However there wasn’t any key bearish news. The edible oil market in recent months had maintained a cautious stance over the start of the China U.S.

GUAR COMPLEX
Guar failed to maintain the higher levels as profit booking set in by the end of the week. Recent moderate rains in Rajasthan limited the uptrend. However as the bearish impact of rains gradually get over with prices on the lower side and sowing period too nearing end, fall in prices may be limited from the monsoon factor.

OTHERS
RM seed ended the week with strong gains. As understood from market talks that selling intentions are poor and at prevailing lower ratesmandi sellers are avoiding negotiations for fresh deals. This shall tend to keep futures prices supported at every dip.

Reviewing the current fundamentals ongoing trade war between US and China will be seen as a positive news for domestic soy meal export prospects in coming weeks/months. The recent import duty hike on edible oils and expected significant rise in MSP for Kharif crops shall continue supporting futures market in near term

Gold
From last couple of trading weeks Gold is trading with positive sentiment and we are expecting that market can continue the same trend for this week also. Last week Gold made a high of 30700 and closed at 30494 with overall marginal gain of 1.21% on weekly basis. On its daily chart Gold broken its resistance trend line and sustaining above it indicating positive movement in it. For this week, if it breaks the level of 30650 on the upper side then it can test the level of 30950 during the week. One can make buy position in it by maintaining a SL at 30578.
ZINC
Zinc continuously trading above the support level of 170 and recently broken its downtrend channel on upper side. Last week Lead made a high of 178.85 and closed at 173.85 with overall marginal loss of 1.28% on weekly basis. For this week, if it breaks the level of 175 on the upper side then it can test the level of 182 during the week. One can make buy position in it by maintaining a SL at 174

CASTOR
From last couple of trading days Castor is trading with negative sentiment and we are expecting that market can continue the same trend for this week also. Last week Castor made a low of 4705 and closed at 4718 with overall marginal loss of 0.36% on weekly basis. On its daily chart Castor is forming lower lows and lower highs formation indicating selling pressure in it. For this week, if it breaks the level of 4700 on the lower side then it can test the level of 4572 during the week. One can make sell position in it by maintaining a SL at 4782

COCUDAKL
From last couple of trading weeks COCUDAKL is trading in range and making lower highs on its daily chart. . Last week COCUDAKL made a high of 1754 and closed at 1715 with overall marginal gain of 1.15% on weekly basis. On its daily chart COCUDAKL is trading at support level of 1700 with negative RSI and we are expecting negative movement in it. For this week, if it breaks the level of 1700 on the lower side then it can test the level of 1550 during the week. One can make sell position in it by maintaining a SL at 1755
USDINR
USDINR
continuously trading above the major resistance level of 72.0000 and recently broken its bullish flag pattern and sustaining above it indicating short term positive movement in it. Last week USDINR made a high of 72.2875 and closed at 71.8575 with overall marginal gain of 0.98% on weekly basis. For this week, if it breaks the level of 72.8300 on the upper side then it can test the level of 73.3500 during the week. One can make buy position in it by maintaining a SL at 72.4800
JPYINR
Last week JPYINR made a high of 65.3350 and closed at 64.8575 with overall marginal gain of 0.90% on weekly basis. The secondary trend of JPYINR is bearish on chart and market is continuously resist by the Bollinger band upper band indicating correction from intra day to mid term basis. For this week, if it breaks the level of 65.0900 on the lower side then it can test the level of 64.5125 during the week. One can make sell position in it by maintaining a SL at 65.4125
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