BULLION
Gold prices were steady in early Asian trade on Monday as the dollar eased while investors are tuned in to the U.S. congressional elections on Tuesday. Spot gold was steady at $1,232.86 per ounce at the time of writing. U.S. gold future was up 0.1 percent at $1,234.6 per ounce. The dollar index which measures the green back against a basket of six major currencies was down 0.1 percent. Investors are now focused on the U.S. congressional elections on Nov. 6 which will determine whether the Republican or Democratic party controls Congress with some predicting increased market volatility on the outcome.
ENERGY
Oil prices dipped on Monday as the start to U.S. sanctions against Iran's fuel exports was softened by waivers that will allow some countries to still import Iranian crude, at least temporarily. U.S. West Texas Intermediate (WTI) crude futures were down 27 cents or 0.4 percent, at $62.87 a barrel.
The Energy Information Administration released its report on natural gas stocks which showed a build of 48 billion cubic feet in the week ending October 26, compared to 58 billion in the previous reading while analysts expected at 53 billion. 

Base Metals
London copper took a breather on Monday after hitting a twoweek peak in the previous session following comments by the U.S. president that the United States may be approaching a trade deal with China. London Metal Exchange copper slipped by half a percent to $6,253 a tonne at the time of writing paring 3.2 percent gains on Friday when prices reached the highest in two weeks at $6,315 a tonne.
SPICES
Trend remained firm for Jeer as demand started rising ahead of Festivals and on the export front after the recent dips in prices. Falling stocks, rising demand and expected fall in sowing from lower rains in Gujarat/Rajasthan shall continue supporting prices as of now. Possibilities of delayed sowing too could support prices in the medium term.
Turmeric failed to hold onto the higher levels as profit booking brought some dips to the rising rates. High stocks amidst lack of very strong demand checked the upside. Technically trend does not look very positive as for now.
OILSEEDS

Profit booking at the higher levels brought some dips for Mentha where 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. Adverse reports on the production front too shall continue supporting prices.
Soya oil was down mainly on weakness in rupee appreciation. Sharp gains in the rupee failed to influence gains despite strength in soybean. Ongoing arrival season of Indian/US harvest season keeps general tone on downward side.
GUAR COMPLEX
Rates shot up towards end of last week for Guar as overall trend remained positive. Overall sentiments remained firm from apprehensions of lower production from less rains received in Rajasthan. Reports of lower arrivals of new crop amidst prospects of fall in sowing area are likely to support prices in medium term.
OTHERS
RM seed failed to post any strong recovery. Reports of NAFED still having good amount of stocks to sell keeps sentiments down currently but the projected decline in domestic mustard sowing area versus last year shall continue to be a key broad based bullish fundamental as for now.
Reports of possible damage in Maharashtra region shall be keeping prospects of price rise in future. Ahead of the festive season there will be hopes of revival in local consumption. But the data released in latest USDA report is slightly bearish and this will be capping the upside in coming sessions.

CHANA
Last week Chana started a week on positive notes and continue the same for the whole week and close above the level of 4000. Last week Chana made a high of 4100 and closed at 4091 with overall marginal gain of 2.76% on weekly basis. On its daily chart Chana is forming double bottom formation indicating positive trend in it. For this week, if it breaks the level of 4250 on the upper side then it can test the level of 4395 during the week. One can make buy position in it by maintaining a SL at 4194.
SOYABEAN
From last couple of trading weeks Soyabean is trading with positive sentiment with positive RSI and we are expecting that Soyabean can continue its positive trend from this week also. Last week Silver made a high of 3450 and closed at 3420 with overall marginal gain of 3.00% on weekly basis. Soyabean recently has 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 3450 on the upper side then it can test the level of 3595 during the week. One can make buy position in it by maintaining a SL at 3395.



SILVER
From last couple of trading weeks Silver is trading with positive sentiment with positive RSI and we are expecting that Silver can move higher from this level. Last week Silver made a high of 38972 and closed at 38620 with overall marginal loss of 0.24% on weekly basis. Silver recently has 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 38700 on the upper side then it can test the level of 39700 during the week. One can make buy position in it by maintaining a SL at 38494
ALUMINIUM
Last week Aluminium made a low of 143.20 and closed at the level of 144.85 with overall marginal loss of 0.28% on weekly basis. Aluminium continuously is trading with downtrend channel and recently Aluminium broken its resistance trend line and sustaining near the level of 144. For this week if it is break the level of 147.00 on upper side then it can test the level of 150.60. One can make buy position in it with SL of 145.80.
JPYINR
From last couple of trading weeks JPYINR is trading with negative sentiment and unable to break the level of 67.0000. Last week USDINR made a low of 64.4200 and closed at the level of 64.4750 with overall marginal loss of 2.15% on weekly basis. JPYINR continuously making lower lows and lower highs formation indicating correction in it. For this week if it is break the level of 64.4000 on lower side then it can test the level of 64.0025. One can make sell position in it with SL of 64.7075
EURINR
Last week EURINR started a week on positive note but found enough resistance near the level of 85.0000 and get selling pressure from higher level. Last week EURINR made a low of 83.2050 and closed at the level of 83.3475 with overall marginal loss of 0.49% on weekly basis. On its hourly chart EURINR trading below the Ichimoku cloud and forming selling formation on lower level. For this week if it is break the level of 83.2000 on lower side then it can test the level of 82.7125. One can make sell position in it with SL of 83.5125
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