BULLION
The World Gold Council recently forecast an increase of demand on the yellow metal in the second half of 2018 as inflation rises and the global trade war takes firmer shape and hurts currencies. Central banks gold demand rose 42% to 116.5 tonnes especially from Russia while jewellery demand steadied at 487.7 tonnes as mine supplies grew 1% y/y to 770 thousand tonnes. Gold holdings at SPDR Gold Trust the world's largest gold-backed investment fund fell 1.47 tonnes on Thursday to 767.23 tonnes the lowest since February 2016 after gold prices registered losses in July for the fourth month in a row. 
 
ENERGY
Crude oil futures were higher during mid-morning trade in Asia Friday as market attention shifted to increased trade tensions between the US and China as the latter imposed a 25% tariff on US oil products. China Thursday imposed tariffs on a second round of US goods in retaliation for US tariffs targeting oil products and coal for the first time and leaving open the possibility of including crude oil and LNG next.
Natural gas futures due in September fell 0.54% to $2.97 per million British thermal unitswhile the dollar index rallied 0.55% to 95.67 against an an array of main rivals. 

Base Metals
The metal remains down 5.2 percent this month on concerns the U.S. China trade row will hurt demand for industrial metals and is heading for its worst month since August 2016. China and the United States had a constructive and candid exchange over trade issues the Chinese commerce ministry said in a statement on its website on Friday. Shanghai lead was the top performer in the base metals complex rising as much as 2.3 percent to a two week high of 18,205 yuan a tonne on concerns over tight stocks while zinc added around 1 percent.
SPICES

The higher levels noted for Jeera with prices shooting up over last 2 months were not sustainable. Even as moderate demand on the domestic and export front persisted traders preferred some corrections in prices before initiating fresh demand.
Trend remains weak for Turmeric as it held below the psychological 7000 mark. 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. Better sowing prospect reports from good rains in growing states had pressurized prices.


OILSEEDS
Moderate firm trend persisted for Mentha even as prices found immediate Resistance at these levels on rising demand and falling arrivals. With harvesting getting over, the export and domestic demand for the new crop is on the rise. This could support prices in the medium to long term.
Negative inputs from soybean and global edible oil markets kept sentiments negative. Soya oil is currently facing resistance in moving above 750 level although the downside is capped around 725-730. The first month derivative had bounced significantly from 728 level few weeks back.

GUAR COMPLEX
Guar faced very strong Resistance at the psychological 10,000 mark as profit booking set in at the higher levels with rains in Rajasthan too adversely affecting the market sentiments. 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 day with subdued note amid lack of buying interest in spot markets. But with fresh reports of India likely to resume export of rape meal from China traders now do not anticipate much fall now and prices in medium term may find strong support.
Soybean ended the day in red and below 3300 mark. Soybean is currently unable to adverse monsoon reports could lend support to the prices post upside rally although prices are unable to fall much from current levels.

USDINR

From last couple of trading week USDINR is trading near the level of 70.0000 but unable to cross the level and getting selling pressure from higher level. Last week USDINR made a low of 69.5825 and closed at 69.9425 with overall marginal loss of 0.50% on weekly basis. On its daily chart market is forming lower highs formation indicating negative trend for mid term to short term basis. For this week, if it breaks the level of 69.8300 on the lower side then it can test the level of 88.50000 during the week. One can make sell position in it by maintaining a SL at 70.1125

JPYINR
From last couple of trading days JPYINR trading with negative sentiment and we still believe that market can continue its negative trend. Last week JPYINR made a low of 62.8000 and closed at 62.8175 with overall marginal gain of 1% on weekly basis. On its daily chart market is forming lower highs and lower lows formation indicating negative trend for this week. For this week, if it breaks the level of 63.0800 on the lower side then it can test the level of 62.6025 during the week. One can make sell position in it by maintaining a SL at 63.3525.
RMSEED
Last week RMSEED made a low of 4073 and closed at 4078 with overall marginal loss of 2.60% on weekly basis. The primary trend of RMSEED is bearish on chart and market is trading near the level of 4000 and continuously making lower lows indicating short term negative trend in it. For this week, if it breaks the level of 4040 on the lower side then it can test the level of 3920 during the week. One can make sell position in it by maintaining a SL at 4095
DHANIYA
Last week Dhaniya open with positive sentiment but found enough resistance near the level of 5000. Last week Dhaniya made a low of 4755 and closed at 4774 with overall marginal loss of 2.25% on weekly basis. On its daily market is resist by the level of 5000 and RSI turns from positive to negative trend. For this week, if it breaks the level of 4740 on the lower side then it can test the level of 4590 during the week. One can make sell position in it by maintaining a SL at 4795.
ZINC
From last couple of trading weeks ZINC was trading with negative sentiment but last week market gat bounce back from lower level near the level of 170. Last week Zinc made a low of 166.50 and closed at 177.95 with overall marginal gain of 6% on weekly basis. On its daily chart market is forming higher highs and higher lows formation with positive RSI indicating positive trend for this week. For this week, if it breaks the level of 179 on the upper side then it can test the level of 181.90 during the week. One can make buy position in it by maintaining a SL at 177.85

GOLD
Comex gold futures marked a biggest one day gain on Friday recovering back to trade above $1200 per troy ounce. Comex gold futures for October delivery made an intraday high of $1210.40 per troy ounce from the low of $1184.90 rising by 1.77% from previous close. Indian market also had witnessed similar movement, wherein MCX futures for October expiry made an intraday high of Rs. 29967 per 10 grams from the low of Rs. 29570 per 10 grams. For this week, if it breaks the level of 30,000 on the upper side then it can test the level of 39500 during the week. One can make buy position in it by maintaining a SL at 29985.

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