Daily Commodity Report

Opp. Irla Fire Brigade, 805, Dev Plaza,

Daily Commodity Report

The SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, is holding 640.97 tonnes as per latest available data on their website.

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The yen hit multi-month highs against its peers on Thursday while commodity-linked currencies took a fresh hit after China guided the yuan lower for two days in a row, fuelling anxiety about China's economy and its policy intentions. The People's Bank of China set its official yuan midpoint rate 0.5 percent weaker than Wednesday's fix and its biggest daily fall since last August, when Beijing surprised global investors with an abrupt near 2 percent devaluation of the currency.Spot yuan was at 6.5811 in early trade, 256 pips away from the previous close.

India's gold demand in the second half of 2015 could rise by more than a quarter from a year before as lower prices encourage buying during the peak festival season towards the year-end, the World Gold Council (WGC) said on Thursday. Stronger demand from the world's second-biggest gold consumer could support the global bullion price, which hit its lowest in 5-1/2 years below $1,100 an ounce last month. MCX Gold Feb is currently trading at`25993. It is trading up by `252 points for the day. MCX Silver Mar is currently trading at`34080. It is trading up by `306 points.

LME copper fell on Thursday, after China's stock markets tumbled limit down in early trade, fuelling concerns about the demand for industrial metals in the world's second biggest economy for the year ahead.China stocks slid 7% on Thursday after less than half an hour of trading, triggering a newly-introduced circuit breaker mechanism. Across other metals, Malaysia imposed a three-month ban on bauxite mining following an alarm over its environmental impact, in a move that could dent stockpiles in the world's biggest buyer of the aluminium-making ingredient, China.

Base metals are trading on a negative note today.

Economic data for the day:- Unemployment Claims, Natural Gas Storage

China is building underground caverns capable of holding up to a quarter of its expanded strategic oil reserves by 2020, as it looks for new storage methods away from expensive and exposed above-ground tanks in crowded coastal regions. Brent crude futures fell to a fresh 11-year low on Thursday as a sliding yuan and an emergency halt in China's stock trading left Asian markets in a turmoil, while a huge supply overhang and near-record output levels also continued to drag on oil prices. MCX Crude Oil Jan is trading at `2230. It is trading down by `61.

S.V. Road, Andheri West,

MCX GOLD FEB (

`25997)

MCX SILVER MAR (

`33988)

Trading Call: Buy around 25950 levels with a stop loss placed below 25800 levels for target of 26200 levels.

Trading Call: Buy around 33950 levels with a stop loss placed below 33650 levels for targets of 34530 levels.

TECHNICAL UPDATE

The above is hourly chart of Gold. It suggests that prices are trading in steep uptrend. It is expected to rise further upto 26200 levels. On downside, immediate support is located at 25800 levels.

The above is hourly chart of Silver. It suggests that prices are expected to rise on the upside upto 34530 levels. It has immediate support at 33650 levels.

MCX CRUDE OIL JAN (

`2213)

MCX NATURAL GAS JAN (

`155)

Trading Call: Sell around 2215 levels with a stop loss placed above 2275 levels for targets of 2185-2150 levels.

7 Jan 2016

Trading Call: Buy around 153.50 levels with a stop loss placed below 149.70 levels for targets of 158.30 levels.

Above is hourly chart of Natural gas. It suggest that prices are trading wide sideways zone. However, it is expected to gain on the upside up to previous high levels. On flip side, immediate support is located at 149.70 levels.

The above is hourly chart of Crude Oil. It suggest that price are trading in steep downtrend. It is expected to fall further till 2185-2150 levels. On upside, immediate resisatnce is located at 2275 levels. Prices are expected to trade on bearish note only.

MCX COPPER FEB (

`307)

MCX NICKEL JAN (

`567)

The above hourly chart of Nickel suggests that prices are trading in downtrend channel. It is expected to move further down till 556-552 levels. On another side, 580 would be key reversal point in short term.

Trading Call: Sell around 308 levels with a stop loss placed above 312 levels for targets of 303 levels.

Trading Call: Sell around 567 levels with a stop loss placed above 580 levels for targets of 556-552 levels.

TECHNICAL UPDATE

The above is hourly chart of Copper. It suggest that prices have berached crucial support of 308. it is expected to fall down till 303 levels. On downside, further support is located at 300 levels. On upside,immediate resistance is located at 312 levels.

MCX LEAD JAN (

`110.95)

MCX ZINC JAN (

`101)

Trading Call: Sell around 111 levels with a stop loss placed above 112.90 levels for targets of 109 levels.

Trading Call: Sell around 101.30 levels with a stop loss placed above 102.30 levels for targets of 100 levels.

TECHNICAL UPDATE

The above hourly chart of Lead suggests that prices are correcting in a rounding top pattern. It is expected to drop further till 109 levels. On upside, immediate resistance is located at 112.90 levels.

The above is hourly chart of Zinc which suggest that pries are trading in downtrend channel. On upside, immediate resistance is located at 102.30 levels. On downside, support is located at 100 levels. Momentum indicator RSI suggests downside bias.

MCX ALUMINIUM JAN (

`98.30)

COUNTRY TIME SURVEY PRIOR

USD 7:00pm 271K 287K

USD 9:00pm -95B -58B

TECHNICAL UPDATE

7 Jan 2016

ECONOMIC DATA FOR THE DAY

Trading Call: Sell around 98.60 levels with a stop loss placed above 100.10 levels for targets of 97 levels.

The above hourly chart of Aluminum suggests that prices are trading in downtrend channel. Bearish range of momentum indicator RSI suggests potential for further downside in the prices. On upside, immediate resistance is located at 100.10 levels.

INDICATOR Natural Gas Storage

Research Department - Institutional Desk

Geofin Comtrade Ltd.

Contact:

Disclaimer:

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Mumbai - 400058. Opp. Irla Fire Brigade, 805 Dev Plaza

The information contained here was gathered from sources deemed reliable; however, no claim is made as to

accuracy or content. This does not contain specific recommendations to buy or sell at particular prices or time, nor

should any examples presented be deemed as such. There is a risk of loss in commodity trading and commodity

options and you should carefully consider your financial position before making a trade. This is not, nor is it

intended, to be a complete study of chart patterns or technical analysis and should not be deemed as such. Geofin

Comtrade Ltd. does not guarantee that such information is accurate or complete and it should not be relied upon

as such. Any opinions expressed reflect judgements at this date and are subject to change without notice. For use

at the sole discretion of the investor without any liability on Geofin Comtrade Ltd.