Evening RoundupJune 30, 2020

U.S. Consumer Confidence @ 19:30 IST

A Daily Report on Bullion, Base Metals & Energy

Geojit Financial Services Ltd.

34/659-P, Civil Line Road,

Padivattom, Kochi – 682024

•Day So far

•Sentiments in global markets muddled up on resurgence of corona virus

infections that slowed down the pace of resuming business activities. Rise in

death tolls and new cases virus of infections also pointed to a slow recovery in

global economy. Equities across Asia to Europe seen pressured. in the

meantime, U.S. dollar edged higher against a basket of six key currencies.

•Bullion traded steady on safe haven appeal. LBMA spot gold, the

international benchmark for gold prices, was seen in slightly below the yearly

highs hit last week with moderate moves. Meanwhile, the silver spot prices in

the international platform traded sideways.

•Crude oil prices slipped on demand concerns as virus cases across globe

increased. Additionally, the possibility of resuming oil production from Libya

also pressured prices. The return of Libyan supplies would add burden on

OPEC+ in their attempt to reduce output as the country has been exempted

from supply cuts along with Venezuela and Iran.

•Industrial metals traded steady in the benchmark platforms as the factory

data from China showed a faster pace expansion in June. In London Metal

Exchange copper poised for a best quarterly gain in a decade on tight supplies

and recovery of demand from the top consumer China. Rest of the peers

were largely seen in the gaining territory.

MAJOR COMMODITIES IN MCX /NCDEX INTERNATIONAL PRICES

Last updated at 16:00 IST

GAINERS / LOSERS (MCX) INDICES UPDATES

RATIOS

Commodity Last %Chg Open High LowPrevious

Day CloseVol

Gold48350 0.22 48270 48418 48228 48244 4436

Silver 48475 0.73 48295 48550 48295 48123 222

Crude Oil2981 -0.63 2989 2993 2956 3000 45320

Natural Gas 131.4 1.08 129.2 131.9 128.1 130 58519

Copper 463.2 0.93 459.3 463.45 459.3 458.95 6422

Nickel979.1 0.33 977.4 980.5 974 975.9 4097

Lead 145.7 0.14 145.3 145.95 145 145.5 1125

Zinc 165.5 0.06 163.5 165.7 163.4 165.4 2522

Aluminium138.25 0.55 137.05 138.35 137.05 137.5 484

Commodity Rate % Chg

Gold ($/oz)1769.847 -0.09

Silver (c/oz) 17.8564 -0.02

Nymex Crude ($/bbl) 39.27 -1.08

Nymex NG ($/mmbtu) 1.729 1.17

COMEX Copper

($/LBS) 2.695 0.84

LME Nickel ($/T) 12845 0.60

LME Lead ($/T) 1799.5 0.11

LME Zinc ($/T)2070 0.73

LME Aluminium ($/T) 1619.5 0.40

Indices Rate % Chg

Dow Jones Fut 25068.0 0.47

CAC** 4922.5 0.26

DAX** 12167.5 0.65

Shanghai* 2961.5 -0.61

MSCI Asia Pacific index 159.1 0.276

Baltic Dry index 1749 0.633

Dollar index 97.23 -0.21

Ratio

5 Days Monthly 90 Days

Daily High Low High Low High Low

Gold Silver ratio99.75 100.73 99.64 100.73 93.03 117.15 87.77

Gold Crude ratio257.98 264.52 255.67 297.35 247.39 726793.17 171.20

Lead Zinc ratio0.84 0.84 0.83 0.85 0.83 0.88 0.80

Steel Nickel ratio34.18 34.18 33.66 34.73 31.91 34.73 26.38

Lead Aluminium ratio1.08 1.08 1.07 1.16 1.07 1.27 1.07

99.75 grams of Silver is required to buy one gram of Gold

257.98 liters of Crude is required to buy one gram of Gold

0.84 kg of Zinc is required to buy one Kg of Lead

34.18 kg of Steel is required to buy one Kg of Nickel

1.08 kg of Aluminium is required to buy one Kg of Lead

-1.0 -0.5 0.0 0.5 1.0 1.5

GoldSilverCrude OilNatural GasCopperNickelLeadZincAluminium

Daily % change

ECONOMIC DATA

Time Country Event Actual Forecast PreviousMonday, June 29, 2020

05:20 Japan Retail Sales (YoY) (May) -11.60% -13.90%14:30 Euro Consumer Confidence (Jun) -14.7 -14.714:30 Euro Consumer Inflation Expectation (Jun) 28.619:30 US Pending Home Sales (MoM) (May) 19.70% -21.80%19:30 US Pending Home Sales Index (May) 69

Tuesday, June 30, 202005:00 Japan Unemployment Rate (May) 2.80% 2.60%05:20 Japan Industrial Production (MoM) (May) -5.60% -9.80%06:30 China Manufacturing PMI (Jun) 50.4 50.606:30 China Non-Manufacturing PMI (Jun) 53.614:30 Euro Core CPI (YoY) 0.90%14:30 Euro CPI (MoM) -0.10%14:30 Euro CPI (YoY) (Jun) 0.10% 0.10%17:30 INR Infrastructure Output (YoY) (May) -38.10%19:30 US CB Consumer Confidence (Jun) 91.6 86.620:00 US Dallas Fed Services Revenues (Jun) -28.1

Wednesday, July 1, 202002:00 US API Weekly Crude Oil Stock 1.749M06:00 Japan Manufacturing PMI (Jun) 37.8 37.807:15 China Caixin Manufacturing PMI (Jun) 50.5 50.710:30 INR Nikkei Markit Manufacturing PMI (Jun) 30.810:30 Japan Household Confidence (Jun) 2413:30 Euro Manufacturing PMI (Jun) 46.9 46.917:45 US ADP Nonfarm Employment Change (Jun) 3,000K -2,760K19:30 US ISM Manufacturing PMI (Jun) 49 43.120:00 US Crude Oil Inventories 1.442M20:00 US EIA Weekly Distillates Stocks -0.620M 0.249M20:00 US EIA Gasoline Inventories -1.304M -1.673M23:30 US FOMC Meeting Minutes

Thursday, July 2, 202014:30 Euro Unemployment Rate (May) 7.70% 7.30%18:00 US Continuing Jobless Claims 19,000K 19,522K18:00 US Exports 151.28B18:00 US Imports 200.69B18:00 US Initial Jobless Claims 1,350K 1,480K18:00 US Manufacturing Payrolls (Jun) 300K 225K18:00 US Nonfarm Payrolls (Jun) 3,074K 2,509K18:00 US Private Nonfarm Payrolls (Jun) 3,000K 3,094K18:00 US Trade Balance (May) -52.40B -49.40B19:30 US Factory Orders (MoM) (May) 8.30% -13.00%22:30 US U.S. Baker Hughes Oil Rig Count 18822:30 US U.S. Baker Hughes Total Rig Count 265

Friday, July 3, 2020All Day United States - Independence Day06:00 Japan Services PMI (Jun) 42.3 26.507:15 China Caixin Services PMI (Jun) 5507:15 China Chinese Composite PMI (Jun) 53.4

BULLION

GOLD M

MCX Aug

Intra Day

Near Term

Technical Levels

R3 49420

R2 48800/49100

R1 48500/48590

Turnaround 48500

S1 48200-48100/47800

S2 47660/47490/47040

S3 46760/46490/46200

Technical Commentary

Gold m Aug Even as the trend stays positive, corrective dips to 48200-48100

ranges or even more may not be ruled out as long as the resistance at 48500

stays undisturbed upside. However, a voluminous rise above 48500 may call

for 48600/48800 or even more.

Sup 48250/48100 47850

Technical Levels

R3 51400/51980/52350

R2 50980

R1 49700/50100/50650

Turnaround 48000

S1 48600/48200/47700

S2 47300/47000/46600

S3 46275/45750/45200

Technical Commentary

Silver M Aug: Choppy moves inside 50000-47200 ranges expected in the initial

run and a breakout from either the sides could fresh directions in the session

ahead.

SILVER M

MCX Aug

Intra Day

Near Term

Daily GOLDM AUG0 03.04.2020 - 03.07.2020 (BOM)

Price

INR

TOLAS

Auto

45,000

46,000

47,000

48,00048,318.00

Volume

TOLAS

Auto8,602.00

07 20 27 04 11 18 25 01 08 15 22 29

Apr 20 May 20 Jun 20

Daily SILVERM JUN0 03.04.2020 - 03.07.2020 (BOM)

Price

INR

Kg

42,000

45,000

48,740.00

Volume

Kg226.00

16 01 18 01 16 01

Apr 20 May 20 Jun 20

NATURAL GAS

MCX July

Intra Day

Near Term

CRUDEOIL

MCX July

Intra Day

Near Term

ENERGY

Technical Levels

R3 3400

R2 3225/3280/3340

R1 3030/3080/3110

Turnaround 2900

S1 2790/2725

S2 2650/2570

S3 2510

Technical Commentary

Crude oil Jul: Lacklusture moves with a mild negative bias may be witnessed

for the day as long as the resistance at 2995 is breached convincingly

Technical Levels

R3148.80/150.70/153

R2 134.30/136/138.80

R1 124.50/128.50

Turnaround 130

S1 115/112.40

S2 109

S3 104

Technical Commentary

Natural gas May inch higher towads 132/134.50 or even more as long as the

support at 128 holds downside. Slippage past 128 may call for 126/124 or even

more

NICKEL

MCX July

Intra Day

Near Term

COPPER

MCX July

Intra Day

Near Term

BASE METALS

Technical Levels

R3 465.50

R2 462.80

R1 460/461.30

Turnaround 460

S1 450/446/443.20

S2 441

S3 439/436.70

Technical Commentary

Copper Jul Has the potential to inch further higher towards 464.60/466 or even

more. However, corrective dips to 460-458 ranges may not be ruled out before

resuming such moves. But, slide past 458 may see weakness creeping in for

the day.

Technical Levels

R3 1007/1019

R2 998

R1 980

Turnaround 980

S1 956/950/945

S2 938/921

S3 910

Technical Commentary

Nickel MCX Jul: Dips towards 974/970 ranges may not be ruled out before

resuming rising. However, sustained trades below 970 may call for

965/958 or even more

Zinc

MCX July

Intra Day

Near Term

Lead

MCX July

Intra Day

Near Term

BASE METALS

Technical Levels

R3 170.20/171.90

R2 167.50/169.10

R1 165.50/166.30

Turnaround 165

S1 160.70/159.20

S2 158/157.20

S3 155.50

Technical Levels

R3 153.70/154.80

R2 148.30/150.50

R1 147

Turnaround 144

S1 143.30/141.90

S2 140.30/139/138.50

S3 137.80

Technical Commentary

Zinc Mcx Jul: Choppy movesi inside 163.40-166.50 expected and a break out

from either the side could lend fresh direction for the day.

Technical Commentary

Lead MCX Jul May inch higher as long as the support at 144.50 stays

undisturbed downside.

Aluminium

MCX July

Intra Day

Near Term

BASE METALS

Technical Levels

R3 143.80

R2 140/141.90

R1 138.60

Turnaround 138

S1 135.35/134.50

S2 132.50/131.90

S3 131/129.80

Technical Commentary

Alumini Jul: A voluminous rise above 138.50 may call for 139.20-139.70/140.50.

Inability to clear the same may see corrective dips to 137.40-137, below which

intraday weakness may be seen.

Buying

sentiment/

Bullish

Selling

sentiment/

Bearish

Neutral/

sideways

S1/S2/S3 -Support level – Price points where buying pressure thought to be strong enough to counter selling

pressure.

R1/R2/R3 -Resistance level – – Price points where selling pressure thought to be strong enough to counter

buying pressure.

Daily ALUMINIUM JUL0 27.12.2019 - 07.07.2020 (BOM)

Price

INR

Kg

125

130

135136.95

01 16 03 17 02 16 01 16 01 18 01 16 01

Jan 20 Feb 20 Mar 20 Apr 20 May 20 Jun 20

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