BULLION
Gold prices inched up on Friday but remained on course to rack up their longest monthly losing streak since 2013 hit by worries over lingering U.S.Sino trade tensions. Gold would closely track moves in the dollar in which the metal is priced especially with investors bracing for the next round of the U.S.China trade conflict. Gold prices have declined about 7.7 percent so far this year amid international trade disputes and the Turkish currency crisis with investors preferring the dollar as a safe-haven. U.S.
ENERGY
WTI crude oil prices trading flat on Friday after settling higher in the previous session on Thursday as traders continued to cheer a bullish U.S. petroleum report from a day earlier and signs of tightening global crude supplies amid falling Iranian exports. Crude oil prices remained on track to post a monthly gain as a sharp drop in U.S.
The Energy Information Administration released its report on US natural gas storage, showing a buildup of 48 billion cubic feet in the week ending August 17, compared to a 33 billion buildup in the previous reading, while analysts expected a 47 billion increase.
Base Metals
Base metals at LME during early trades on Friday were trading higher as China manufacturing PMI beats expectations for August. In the previous session all base metals complex corrected amid US-China trade tension. China reported on Friday that factory activity was higher than expected in August with the official manufacturing Purchasing Manager's Index (PMI) coming in at 51.3. The Chinese manufacturing PMI had been forecast to fall to 51.0 in August from 51.2 in July according to a poll of economists by Reuters.

SPICES
Markets bounced back from the lower levels for Jeer as demand started rising after the recent dips in prices. Moderate festive season demand on the domestic front and a rise in export demand are expected to provide support to the prices.
Turmeric failed to show any strong recovery even as prices found immediate support at these levels after the recent dips from improved sowing reports. Even as technical is still not very strongly positive, there are expectations of demand on the domestic and export front picking up with harvesting still time away.

OILSEEDS

Profit booking at the higher levels after the recent rise brought some dips to Mentha Oil prices. Sentiments remained positive however on rising demand in mandis amidst falling arrivals as new crop arrivals get over.

Positive inputs from soybean and lack of fresh bearish cues from global edible oil markets pushed soya oil prices higher. Soya oil had faced resistance in moving above 750 level in recent weeks although the downside has been limited up to 725-727.

GUAR COMPLEX

Price found some support for Guar after recent fall in prices due to good rains in Rajasthan.Howeveras the bearish impact of rains gradually get over with prices on the lower side and sowing period too nearing end fall in prices may be limited from the monsoon factor.
OTHERS
RM seed posted a moderate recovery yesterday.However with prices turning significantly cheaperand fresh reports of India likely to resume export of rape meal from Chinawe now do not anticipate much fall now and prices in medium term may find strong support.
Soybean futures once again found fresh buying interest. Reserved selling mood amongst stockists and positive global cues helped soybean in posting moderate recovery. As viewed on the charts NCDEX October soybean in near term may rise up to 3290-3350 at leastif fails to sustain below 3150 on any particular week.
LEAD
Lead continuously trading above the support level of 140 and making higher highs and higher lows indicating positive movement in it from short term to mid term basis supported by positive RSI. Last week Lead made a high of 149.55 and closed at 147.55 with overall marginal gain of 1.37% on weekly basis. For this week, if it breaks the level of 148 on the upper side then it can test the level of 154 during the week. One can make buy position in it by maintaining a SL at 146.90
GOLD
From last couple of trading weeks Gold is trading with positive sentiment and we are expecting that market can continue the same trend for this week also. Last week Gold made a high of 30359 and closed at 30129 with overall marginal gain of 0.76% on weekly basis. On its daily chart Gold is forming higher highs and higher lows formation indicating positive movement in it. For this week, if it breaks the level of 30120 on the upper side then it can test the level of 30450 during the week. One can make buy position in it by maintaining a SL at 30057
TURMERIC
From last couple of trading weeks TMC is trading with negative sentiment and we are expecting that market can continue the same trend for this week also. Last week TMC made a low of 6702 and closed at 6814 with overall marginal loss of 0.79% on weekly basis. On its daily chart TMC is forming descending triangle formation indicating selling pressure in it. For this week, if it breaks the level of 6700 on the lower side then it can test the level of 6432 during the week. One can make sell position in it by maintaining a SL at 6824
DHANIYA
Lest week Dhaniya open with negative sentiment but found enough support of important psychological level of 4500. Last week Dhaniya made a low of 4507 and closed at 4676 with overall marginal loss of 2% on weekly basis. On its daily chart Dhaniya is facing support at 4500 and forming reversal formation. For this week, if it breaks the level of 4700 on the upper side then it can test the level of 4872 during the week. One can make buy position in it by maintaining a SL at 4632
JPYINR
LAst week JPYINR open with positive sentiment but found enough resistance near the level of 64.30. Last week JPYINR made a high of 64.3325 and closed at 64.2800 with overall marginal gain of 1.80% on weekly basis. On its daily chart RSI trading in overbought zone and we are expecting correcting profit booking at higher level. For this week, if it breaks the level of 63.9500 on the lower side then it can test the level of 63.4500 during the week. One can make sell position in it by maintaining a SL at 64.2525
GBPINR
Last week GBPINR made a high of 92.7500 and closed at 90.0675 with overall marginal gain of 2.50% on weekly basis. On its hourly chart GBPINR trading above its support trend and we believe that we can see some profit booking in it from higher level. For this week, if it breaks the level of 91.7400 on the lower side then it can test the level of 91.2525 during the week. One can make sell position in it by maintaining a SL at 92.0325.
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