BULLION
Gold prices traded marginally down Friday morning as investors purchased riskier assets instead of seeking a safe haven in gold amid hopes for a new round of U.S.China trade talks. Spot gold declined 0.3 percent to $1,202.30 per ounce after earlier hitting its highest level since Aug. 28 at $1,212.49. Bullion gained 0.7 percent in the previous session in its biggest singleday rise since Aug. 24. U.S. gold futures for December delivery settled down $2.70 or 0.2 percent at $1,208.20 per ounce.
ENERGY
On Wednesday the Energy Information Administration released its report on US crude stocks, showing a decline of 5.3 million barrels in the week ending September 7 compared to a 4.3 million deficit in the previous reading while analysts expected a 1.3 million dropwith total stocks now down to 396.2 million barrels making them 3% below five-year averages for this time of year.
The Energy Information Administration released its report on US natural gas inventories, showing a buildup of 69 billion cubic feet in the week ending September 7, adding to the 63 billion increase in the previous reading, while analysts expected a 65 billion build.
Base Metals
London copper edged lower on Friday pulling back from a twoweek high reached in the prior session as investors exercised caution ahead of possible trade talks between the United States and China to resolve an escalating tariff war. China will not buckle to U.S. demands in any trade negotiations the major staterun China Daily newspaper said in an editorial on Friday after Chinese officials welcomed an invitation from Washington for a new round of talks.

SPICES
Jeer shot past the psychological 20,000 mark as prices found immediate support at these levels with a rise in export and Festive season domestic demand supporting market sentimentsaided by falling stocks. Improved production prospect limits the upside. But now prices are quite low therefore some gains can be expected this week.

No strong trend was noted 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

Mentha traded with high volatility as the initial weakness from profit booking was followed by recovery by end of the day as prices kept facing strong immediate Resistance near the 1800 mark. Fresh buying interest in spot markets (at lower rates) could support prices and in coming sessions markets may look to recover.
Bearish report in USDA kept pressure on Oil complex as Soya oil fell moderately with global markets trading on subdued note. Soya oil had faced resistance in moving above 750 level during last few weeks although the downside has been limited up to 722- 725.

GUAR COMPLEX
Guar trade with high volatility throughout the week as profit booking at higher levels limited the uptrend.Recent moderate rains in Rajasthan limited the uptrend. Howeveras 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
Moderate firm trend persisted for Rmseed with rising Festive season demand adding to the Bullish sentiments. The trade war between US and China is seen as a positive news for Indian rape meal exports from a broader perspective.
Despite weak tone in International markets poor selling interest in domestic market kept Kapas/Cotton futures supported yesterday. Bearish reports from USDA may limit upside moves as of now. Govt doubled import duty on 328 textile items to 20%..
COCUDAKL
From last couple of trading weeks is trading in range and forming Head & Shoulder formation on higher level. Last week COCUDAKL made a low of 1688 and closed at 1700.50 with overall marginal loss of 0.79% on weekly basis. On its daily chart COCUDAKL is trading below support level of 1700 with negative RSI and we are expecting negative movement in it. For this week, if it breaks the level of 1655 on the lower side then it can test the level of 1505 during the week. One can make sell position in it by maintaining a SL at 1715.
DHANIYA
Last week Dhaniya made a high of 5295 and closed at 5235 with overall marginal gain of 0.52% on weekly basis. On its daily chart Dhaniya is forming lower highs and lower lows formation indicating negative movement in it for short term to mid term basis. For this week, if it breaks the level of 5100 on the lower side then it can test the level of 4950 during the week. One can make sell position in it by maintaining a SL at 5155.



LEAD
From last couple of trading days market is trading in sideways channel between 148.50 to 145 with positive RSI. Last week Lead made a high of 151.20 and closed at 146.50 with overall marginal loss of 1.18% on weekly basis. On its 4 hourly chart Lead is trading above the 50 days moving average with positive RSI and we are expecting positive movement in it. For this week, if it breaks the level of 148.50 on the upper side then it can test the level of 152.50 during the week. One can make buy position in it by maintaining a SL at 147.30.

GOLD
From last couple of trading weeks Gold is trading with positive sentiment with positive RSI and we are expecting that Gold can continue its positive trend from this week also. Last week Gold made a high of 30765 and closed at 30436. Gold recently broken its downtrend channel on upper side and sustaining above it indicating positive movement in it. For this week, if it breaks the level of 30680 on the upper side then it can test the level of 30980 during the week. One can make buy position in it by maintaining a SL at 30580.
EURINR
EURINR continuously trading with positive sentiment and recently broken its bullish flag pattern and sustaining above it indicating short term positive movement in it. Last week EURINR made a high of 84.7075 and closed at 84.2425 with overall marginal gain of 0.79% on weekly basis. For this week, if it breaks the level of 84.7100 on the upper side then it can test the level of 85.2500 during the week. One can make buy position in it by maintaining a SL at 84.3975
JPYINR
Last week JPYINR made a low of 64.0600 and closed at 64.3700 with overall marginal loss of 0.75% 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 64.6000 on the lower side then it can test the level of 64.1125 during the week. One can make sell position in it by maintaining a SL at 65.0025