BULLION
The World Gold Council reported a 7% drop in global demand in the first quarter of 2018 to 973.5 tonnes the lowest since the first quarter of 2008 as investments fell 27% on the precious metal to 287 tones from 383 tones in the first quarter of 2017. Central banks gold demand rose 42% to 116.5 tones especially from Russia while jewellery demand steadied at 487.7 tonnes as mine supplies grew 1% y/y to 770 thousand tonnes. The Gold is bearish for medium long term .Currently Gold is in strong down trend with good momentum but volume is unsatisfactory.
ENERGY
The Energy Information Administration reported a drop of 12.6 million barrels in US crude stocks in the week ending July 6, passing expectations of a 4.1M drop, and marking the largest drop since September 2016. Total stocks are down to 405.2 million barrels, the lowest since February 2015, while US production stayed the same at 10.90 million bpd, already a record high. 
Base Metals
CIS billet exporters continued to face a lack of demand in some major outlets notably Northern Africa and Turkey. Customers in Egypt and Tunisia cited weak domestic markets for finished long steel products and expected billet import prices to drop further. Bids from Egypt were heard within the range of $520-525 per tonne, equivalent to $500-505 per tonne fob Black Sea. Meanwhilea customer in Tunisia said that the range of $500-505 per tonne fob was too high for him considering the fall in domestic finished long steel prices.
SPICES
Jeer traded in a range with prices facing strong resistance at these higher levels. Some more short term dips could be noted even as falling stocks in domestic and International markets amidst rising export and domestic demand with falling Rupee providing support to the prices later on. Shifting of export demand towards India aided by a firm Dollar vs Rupee would support prices in medium term.
OILSEEDS

Mentha traded with high volatility as profit booking at the higher levels limited the up trend. Rains in growing areas in UP could adversely affect the harvesting and that is supporting the prices. Daily demand remains strong enough to absorb supplies.

Soya oil failed to post a decent upside due to weak tone in soy bean and palm oil. As mentioned earlier the palm oil market in current term seems to respond to estimates of rising production in July.

GUAR COMPLEX
As rains poured in over Rajasthan, it looks to keep the recent upside limited for Guar prices. Sowing is expected to pick up. On the other hand, rise in export demand at these lower levels aided by falling Rupee and a firmness in Crude oil prices kept further fall limited.
OTHERS
RM seed once again faced resistance against trading above 4150 but the general bias was on the positive side. In near term if monsoon reports indicate better rain prospects then it will an obstacle in prompting upside rallies, since this would imply better sowing prospects during its planting season of Oct-Nov. However the projected decline in domestic mustard sowing area versus last year will be seen as a key bullish fundamental in broader term.
COCUDAKL

On its daily chart market has been formed Hammer formation also market can resist by the important psychological level of 1800. From last couple of trading weeks market trading with positive sentiment and trading in overbought zone. For this week we can expect some correction in the market. If market breaks the level of 1740 on downside it can test the level of 1590. One can make sell position with stop loss of 1795.
CHANA
Chana futures on NCDEX staged a strong rally on last Friday surging to 7 month high on strong buying interest. NCDEX chana futures are forecast to extend the positive trend during the day on continued buying support. However, market could take correction during initial trading hours on account of profit booking. Market participants are buying chana futures in anticipation of revival in demand ahead of festive season in India. If market break the level of 4190 then it can test the level of 4290. One can make buy position with stop loss of 4135.

GOLD
Last week, spot gold prices traded lower by 1 percent to trade at $1240 per ounce while MCX gold prices declined 1.5 percent to trade at Rs.30112 per 10 gms. Market is continuously taking support of important level of 30,000 and we are expecting market can bounce back from lower level. If market break the level of 30230 upside then we can expect positive movement in it to the level of 30530. One can make buy position with stop loss of 30138.
LEAD
From last couple of trading weeks market is trading with negative sentiment to the level of 147 and getting bounce back to settle above the level of 150. For this week, if it breaks the level of if it breaks the level of 150.75 on the upside then it can test the level 154.75 during the week. One can make buy position in it by maintaining a stop loss of 149.45

GBPINR
Last week GBPIR Jul Futures started the week on positive note but found enough resistance at the level of 92.0000. It made a high of 92.0475 during the week and closed at on 90.1200 with the overall loss of 1.46% on weekly basis. Technically it consolidating above the major support level of 90.0000 with the positive RSI and volume and for this week, we can expect further upside movement in it.
For this week, if it breaks the level of if it breaks the level of 91.0000 on the upside then it can test the level of 91.5000 during the week. One can make buy position in it by maintaining a SL 90.7400
EURINR
Last week GBPIR Jul Futures started the week on negative note but found enough support at the level of 80.0000. It made a high of 79.7900 during the week and closed at on 79.8575 with the overall loss of 1.40% on weekly basis. Market is continuously making higher highs and higher lows indicating upside movement in coming session.

For this week, if it breaks the level of if it breaks the level of 80.4500 on the upside then it can test the level of 80.9500 during the week. One can make buy position in it by maintain stop loss of 80.1900

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