BULLION
The World Gold Council expects an increase of demand on the yellow metal in the second half of 2018 as inflation rises and the global trade war gears up and hurts currencies. Despite similar concerns in the first half of the year gold prices were stymied by dollar's strength as the Federal Reserve tightens monetary policy on the back of strong US data. Recently 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 tonnes from 383 tonnes in the first quarter of 2017. 

ENERGY
The Energy Information Administration released its report on US crude stocks showing a drawdown of 6.1 million barrels in the week ending July 20 compared to a surplus of 5.8 million in the previous reading while analysts expected a 2.6M drop with total stocks now down to 404.9 million barrels which is 3% below the five year average.
The Energy Information Administration released its report on US natural gas inventories showing a buildup of 48 billion cubic feet in the week ending July 13, adding to a 51B buildup in the previous reading, while analysts expected a 58B increase. 

Base Metals
Metal Bulletin assessed low-grade and high-grade cobalt prices at $35.40-37.70 per lb inwarehouse on Wednesday July 25.Lowgrade prices were down 1.6% compared with the previous assessment on July 20 while high grade prices were down 2.1%.Sellers playing the arbitrage are offering aggressively to secure scant summer spot business in Europe safe in the knowledge that even cheaper units are arriving in September in time for the anticipated seasonal resumption in spot demand. 

SPICES
Lack of strong trading activities due to the ongoing truck strike kept trading activities on the lower side. This kept trend sideways for Jeeras it faced immediate psychological Resistance at 20000 mark. Rising export and domestic demand amidst falling stocks in domestic and International markets kept supporting prices. Near term view remains positive overall.
April turmeric had posted high above 8000 last year amid expectations of rising export prospects and talks of lower sowing prospects versus last year but could not sustain above 8000.Total demand is expected at 105 lakh bags approx as per traders.


OILSEEDS
Reviewing the key fundamentals, Mentha oil output has not increased in past few years and the number has been steady to lower. But in response to decent appreciation in last years’ prices, farmers sowing improved resulting in increase in production prospects.
Spot prices are quite cheaper at present therefore demand prospects is most likely to improve at least in near term. Besides the news of China removing import duty for soymeal from India will be seen as a booster for prices since this will be an incentive for rise in export prospects of domestic soymeal.
GUAR COMPLEX
Some more short term dips were noted for Guar as persistent rains in growing regions in Rajasthan kept pressure on market sentiments with possibilities of improved sowing. However, the bearish impact of Monsoon rains may well be limited with prices having fallen a lot and are at very low levels. Traders anticipate further fall to be limited. Rising Crude oil prices, continuously firming up of Dollar vs Rupee amidst falling stocks and rising export demand all these are factors that could lead to long term Bullish impact on Guar prices

OTHERS
Markets failed to pick up strongly for Ref Soy Oil even as slight firmness in soybean supported the prices initially. Overall fundamentals do not indicate any significant fall from current levels. For palm oilnear term trend seems now seems better since lowering price levels have made this oil highly competitive in the edible oil segment as it has turned significantly cheaper than all other major oils.
RM seed traded with negative tone during greater part of the day but downside was capped later and futures posted mild recovery from respective day’s low. But in near term buying interest may remain impressive due to higher possibility of spot demand to remain healthy in coming weeks in addition to lowering arrival numbers.

Dhaniya
From last couple of trading weeks market is trading with positive sentiment and trading above the important psychological level of 5000. Last week market open positive bias and continue the same whole week. It a high of 5159 and closed at 5097 with overall marginal gain of 6% on weekly basis. For this week we can expect market can continue its bullish trend. If market break the level of 5160 then it can test the level of 5310 and then 5450. One can make buy position with Stop loss of 5105

COCUDAKL
After test the level of 1200 market is continuously trading with positive movement week on week and technically we can expect market can test the level of 2000 on upper side. Last week market made a high of 1847.50 and closed at the level of 1834 with overall marginal gain of 1.95% on weekly basis. For this week if market break the level of 1860 then it can test the level of 2010 one can make buy position with maintain the Stop loss of 1805

USDINR
Last week USDINR Aug Futures started the week on negative note and continue the same for the entire week.. It made a low of 68.7700 during the week and closed at on 68.9300 with the overall marginal loss of 0.35% on weekly basis. Market is sustaining below the level of 70 and facing selling pressure on higher level. For this week, if it breaks the level of 68.7500 on the downside then it can test the level of 68.2525 during the week. One can make sell position in it by maintaining a SL 69.0525.

EURINR
Last week EURINR Aug Futures started the week on positive note but found enough resistance near the level of 82.000. It made a low of 80.2900 during the week and closed at on 80.3475 with the overall marginal loss of 0.53% on weekly basis. On its daily chart market is forming descending triangle formation indicating negative trend in near to short term basis. For this week, if it breaks the level of 80.3500 on the downside then it can test the level of 79.8525 during the week. One can make sell position in it by maintaining a SL 80.6125

SILVER
From last couple of trading days market is trading in range. Market is continuously trading above the level of 38000 and trading above its resistance trend line indicating positive movement on short term to mid term basis. Last week market open with sideways movement and continue to trade in range whole week. It made a low of 38003 and closed at the level of 38326 with overall marginal loss of 0.34% on weekly basis. For this week, if it breaks the level of 38500 on the upside then it can test the level of 38970 during the week. One can make buy position in it by maintaining a SL 38280.

ALUMINIUM
Market recently broken its resistance trend line and sustaining above it indicating positive movement for short term to mid term basis. Last week market open with negative sentiment but found enough support at the level of 140 and sustaining above it. It made a high of 145.35 during the week and closed at the level of 141.20 with overall marginal gain of 0.28% on weekly basis. For this week, if it breaks the level of 142 on the upside then it can test the level of 144.75 during the week. One can make buy position in it by maintaining a SL 140.80

For Quick Trial – 08962000225
Or mail us here: [email protected] or visit http://www.ways2capital.com/free-trial.php
Contact 0731-6626222
Toll Free – 1800-3010-2007
Give a Missed Call for Free Trial - 09699997717
For Reports And Tracksheets - http://www.ways2capital.com/downloads.php