BULLION

Gold prices rose on Friday as investors sought safe haven assets amid fears of a chaotic departure for Britain from the European Union. Spot gold was up 0.2 percent at $1,214.77 per ounce at the time of writing while U.S. gold futures rose 0.1 percent to $1,215.6 per ounce. The dollar index which measures the green back against a basket of six major currencies inched up about 0.1 percent. Prime Minister Theresa May vowed to fight for her draft divorce deal with the EU on Thursday after the resignation of her Brexit secretary and other ministers put her strategy and her job in peril.

ENERGY

Volatile natural gas plummeted 18 percent on Thursday reversing nearly all of Wednesday's sharp gains after U.S. inventories showed a slight increase in supply. Selling was already under way even before the report from the Energy Information Administration showed natural gas supplies rose by 39 billion cubic feet.

Crude oil is in strong down trend but volume is unsatisfactory. In last few days volume based selling happened in the Crude oil. The oscillator is showing sell signal For short term Crude oil is in sell position. Immediate support for Crude oil is 3952. Resistance for the Crude oil is 4394-4559.


Base Metals

Shanghai zinc jumped more than 2.5 percent to the highest in more than two weeks on Thursday amid sliding stockpiles in London and signs that China may be taking steps to de-escalate its trade dispute with the United States. China has delivered a written response to U.S. demands for wide-ranging trade reforms ahead of expected talks between U.S. LME zinc stocks fell to a decade low of 125,400 tonnes data showed while on warrant or available stocks hit their lowest since February.

SPICES

Moderately weak trend persisted for Jeer even as prices found some support after the recent dips in prices. Cooler weather in the growing regions of Gujarat and Rajasthan kept prospects of improved crop productivity even as lower sowing from less rains in the regions could support rates from a long term point of view.

Turmeric traded sideways amidst lack of strong demand in the mandis. But prices are getting immediate support at these lower levels. High stocks amidst lack of very strong demand checked the upside. Technically trend does not look very positive as for now.










OILSEEDS

Moderate firm trend was noted for Mentha but it faced immediate Resistance at these levels. Overall sentiments are likely to recover ahead of the winter season. Demand started picking up on the domestic and export front ahead of winter season.

Moderate weak trend was noted for Ref Soy Oil as slight dips in the International markets pressurized Indian market sentiments also as domestic demand got adversely affected due to closure of mandis due to Festive season


GUAR COMPLEX

Guar found some support at these lower levels after the recent dips in prices. High arrivals of the new crop limited the up trend even as traders anticipate the demand to grow in coming days on the export front. Prospects of lower production from less rains received in Rajasthan supported prices.

OTHERS

High volatility was noted for RM Seed but it found some support at these lower levels as prospects of rising demand could support prices. Selling intentions amongst stockists are poor and at prevailing lower rates mandi sellers are avoiding negotiations for fresh deals.

Currently Soya bean is moving sideways the Soya bean is now trading in oversold level. In last 1 month volatility is very less Buy the Soya bean above 3459 or buy with strict stop at 3239. Support for the Soya bean is 3362-3344. Immediate resistance for Soya bean is 3459.

COCUDAKL
Last week COCUDAKL started a week on positive not but found enough resistance near the level of 2000 and made bearish candlestick pattern on higher level. Last week COCUDAKL made a high of 2043 and closed at the level of 2006 with overall marginal gain of 5.44% on weekly basis. COCUDALK break the level of 2000 on upper side but unable to sustain above it indicating selling pressure in it. For this week if it is break the level of 1995 on lower side then it can test the level of 1855. One can make sell position in it with SL of 2055.

GUARSEED
From last couple of trading days Guarseed is trading with negative sentiment. Last week Guarseed10 made a low of 4616 and closed at the level of 4648.50 with overall marginal loss of 3.11% on weekly basis. On its daily chart Guarseed is forming double top formation on higher side indicating negative movement in it. For this week if it is break the level of 4600 on lower side then it can test the level of 4460. One can make sell position in it with SL of 4656.

LEAD
gain of 0.88% on weekly basis. Lead is continuously trading above the support level of 140 and we can expect bounce back from lower level. Recently Lead broken its resistance trend line and sustaining above it indicating positive trend in it. For this week if it is break the level of 144.50 on upper side then it can test the level of 149.50. One can make buy position in it with SL of 143.10.

SILVER
From last couple of trading days Silver is trading in positive sentiment and forming reversal pattern on lower side. Last week Silver made a low of 36063 and closed at 36991 with overall marginal gain of 0.30% on weekly basis. On its daily chart Silver has formed bullish hammer candlestick pattern indicating positive trend in it for next week. For this week, if it breaks the level of 36900 on the uppoer side then it can test the level of 37395 during the week. One can make buy position in it by maintaining a SL at 36680


JPYINR
Last week JPYINR Oct Futures started the week on negative note and continue the same for whole week, market closed below the level of 93.0000 and it closed at 92.2975 with the overall loss of 2.44 per cent on weekly basis. Technically it consolidating below the major psychological support level of 95.0000 with the negative RSI and for this week, we can expect further downside movement in it.
For this week, if it breaks the level of 91.3000 on the lower, then it can test the level of 91.8125 during the week. One can make sell position in it by maintaining a SL 92.6525

USDINR
Last week USDINR Oct Futures started the week on positive note and made a high of 73.2075 but till the end of the week, all of its earlier gains were erased and it closed at 71.9900 with the overall loss of 0.90 per cent on weekly basis. Technically it consolidating near support level breakout with negative RSI and for this week, we can expect profit booking in it from the higher levels.
For this week, if it breaks the level of 71.7900 on the downside, then it can test the level of 71.3125 during the week. One can make sell position in it by maintaining a SL 72.1025

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