Daily commodity market report 05 may -2014 by epic research

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5th MAY 2014

DAILY COMMODITY REPORT

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5th MAY 2014

COMMODITY CONTRACT OPEN PRICE HIGH LOW CLOSE PRICE %CHANGE OI (in lots)

GOLD 05-JUN-14 28597.00 28889.00 28420.00 28580.00 1.03 10167

SILVER 05-MAY-14 40940.00 42265.00 40900.00 40906.00 2.96 844

CRUDEOIL 21-APR-14 5993.00 6049.00 5986.00 5999.00 0.17 7532

NATURALGAS 25-APR-14 285.50 288.30 282.10 286.00 -1.29 8940

COPPER 30-APR-14 406.00 413.65 405.55 406.95 1.13 15315

LEAD 30-APR-14 125.20 126.35 124.90 125.70 0.24 2462

NICKEL 30-APR-14 1107.70 1107.70 1096.10 1108.10 -0.61 9443

ZINC 30-APR-14 122.05 123.55 121.70 122.25 098 1557

ALUMINIUM 30-APR-14 106.10 106.55 105.70 106.35 -0.24 3261

DAILY MARKET WRAPUP

METAL TONNES IN STORAGE

ALUMINIUM 3875

COPPER -1200

LEAD UNCH

NICKEL -348

TIN UNCH

ZINC -3675

LME WAREHOUSE STOCKS ( 2-MAY- 2014)


5th MAY 2014

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL (WTI) USD/BBL. 99.85 +0.09 +0.09% JUN 14

CRUDE OIL (BRENT) USD/BBL. 108.49 -0.10 -0.09% JUN 14

RBOB GASOLINE USD/GAL. 294.62 +0.17 +0.06% JUN 14

NYMEX NATURAL GAS USD/MMBTU 4.68 +0.01 +0.17% JUN 14

NYMEX HEATING OIL USD/GAL. 292.05 -0.18 -0.06% JUN 14

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1,305.90 +3.00 +0.23% JUN 14

GOLD SPOT USD/T OZ. 1,306.01 +6.31 +0.49% N/A

COMEX SILVER USD/T OZ. 19.55 0.00 +0.02% JUL 14

COMEX COPPER USD/LB. 307.50 +0.50 +0.16% JUL 14

PLATINUM SPOT USD/T OZ. 1,444.00 +5.62 +0.39% N/A

INTERNATIONAL MARKETS

ENERGY COMMODITY FUTURES

PRECIOUS AND INDUSTRY METALS


5th MAY 2014

MOST ACTIVE CONTRACTS

Symbol Expiry Date LTP Value (In Lacs) Volume (In Lots)

SILVERMICRO 30-06-2014 42571.00 4,42,83,63,133.00 1,04,023

CRUDE OIL 19-05-2014 6009.00 32,25,21,057.00 53,673

SILVER M 30-06-2014 42565.00 2,13,30,17,280.00 50,112

NATURAL GAS 27-05-2014 282.30 1,04,17,434.60 36,902

COPPER 30-06-2014 411.55 1,15,60,439.50 28,090

COPPERMINI 30-06-2014 411.65 95,27,227.60 23,144

NICKEL 30-05-2014 1101.30 2,46,55,904.40 22,388

NICKELMINI 30-05-2014 1101.20 1,77,70,064.40 16,137

GOLD 05-06-2014 28873.00 45,32,48,354.00 15,698

LEADMINI 30-05-2014 125.95 14,85,706.20 11,796


5th MAY 2014

COMMODITY EXPIRY SUP.3 SUP.2 SUP.1 PIVOT RES.1

ALUMINIUM 30-MAY 105.30 105.75 106.15 106.60 107.00

COPPER 30-JUN 402.15 406.85 410.25 414.95 418.35

CRUDEOIL 19-MAY 5952 5981 6015 6044 6078

GOLD 5-JUN 28258 28564 28727 29033 29196

LEAD 30-MAY 124.30 125.15 125.75 126.60 127.20

NATURALGAS 27-MAY 278.03 280.17 284.23 286.37 290.43

NICKEL 30-MAY 1089.9 1095.6 1101.6 1107.3 1113.3

SILVER 5-JUL 40941 41741 42254 43054 43567

ZINC 30-MAY 121.07 122.28 122.92 124.13 124.77

INTRADAY SUPPORT AND RESISTANCE


5th MAY 2014

TODAY,S COMMODITY NEWS

COMMODITY HEADLINES

Gold, silver surge on wedding season buying, global cues

Gold sales lose glitter on Akshya Tritiya

Gold, silver fall on 'Akshaya Tritiya' day

Gems, jewellery imports drop 9%

Nickel down 0.3% on overseas trends, subdued demand

Copper down 0.3% on weak global cues

In a first, iron ore mines likely to be put on the block

Rice meant for poor ends up in black market

Turmeric down 1.2% on sluggish demand

Refined soya oil down 0.5% on low demand

Crude prices down in Asian trade

Crude prices edge higher in Asia

Oil prices fall after Russia downgrade

Manoj Vaish quits as MCX MD


5th MAY 2014

SPECIAL NEWS

Total non-farm payroll employment rose by 288,000, and

the unemployment rate fell by 0.4 percentage point to 6.3

percent in April, the U.S. Bureau of Labor Statistics report-

edtoday. Employment gains were widespread, led by job

growth in professional and business services, retail trade,

food services and drinking places, and construction. The

change in total non-farm payroll employment for February

was revised from +197,000 to +222,000, and the change for

March was revised from+192,000 to +203,000.

LME Aluminium averaged at $ 1812.75 per tonne, up 6.4 %

in the month ending 30 April 2014. However prices are ex-

pected to face pressure due to rise in production to all time

highs. The rise has come at the time when the production

of Aluminium reached record levels. The viability in terms

of upcoming demand in Aluminium remains grim even

though the prices saw sharp appreciation last month. The

data estimates from International Aluminium Institute

(IAI) showed that the total primary Aluminium production

reached 4.33 million tonnes in the month of March 2014

COMMODITY BUZZ

Gold staged a strong recovery today by surging Rs 320 to

Rs 30,710 per 10 grams in the national capital on emer-

gence of buying by stockists to meet the ongoing wedding

season demand amid a firming trend overseas. Silver also

snapped its three-day falling streak and spurted by Rs

1,050 to Rs 42,700 per kg on increased offtake by indus-

trial units and coin makers. Traders attributed the re-

bound in precious metals to buying by stockists for the

ongoing wedding season demand. Besides, a firming global

trend where gold advanced the most since mid-March as

tensions between Russia and Ukraine

Globally, the shiny metal surged to reclaim the USD 1,300

an ounce mark, bolstered by safe-haven demand following

escalating geopolitical tensions and heavy short-covering

despite encouraging US macro data. Gold for June delivery

jumped $19.50 to settle at $1,302.90 an ounce on the

Comex division of the NYMEX late yesterday, while silver

gained 50 cents to $19.55 an ounce.

COMMODITY BUZZ AND ECONOMIC EVENTS


5th MAY 2014

EPIC RESEARCH– ANALYST SPEAKS

SILVER

BUY SILVER (JULY) ABOVE 42630 TGTS 42830/43120 SL 42300

SELL SILVER (JULY) BELOW 41900 TGTS 41700/41400 SL 42310


5th MAY 2014


GOLD

BUY GOLD (JUNE) ABOVE 28910 TGTS 28990/29090 SL 28800

SELL GOLD (JUNE) BELOW 28770 TGTS 28690/28590 SL 28890


5th MAY 2014


DHANIY

Dhaniya daily chart, price near to its support level and bounce we will waiting for the closing of next trading session

where it will give. however trend is bullish. Momentum indicator RSI is in mid range

Immediate support @ 9380 & Immediate resistance @ 9450.

BUY DHANIYA MAY ABOVE 9450 TGTS 9480,9530 SL 9400

SELL DHANIYA MAY BELOW 9380 TGTS 9350,9300 SL 9430

RESISTANCE 2 9472

RESISTANCE 1 9524

PIVOT 9370

SUPPORT 1 9344

SUPPORT 2 9268


5th MAY 2014


GUARSEED

Guarseed may daily chart, trend is in bullish. Expecting from here onwards guarseed price may go up

Momentum indicators RSI is in overbought zone signs bullishness.

In intraday basis immediate support @ 5450 & immediate resistance @ 5555.

BUY GUARSEED ABOVE 5555 TGTS 5585,5625 SL 5505

SELL GUARSEED BELOW 5450 TGTS 5420,5370 SL 5500

RESISTANCE 2 5578

RESISTANCE 1 5627

PIVOT 5469

SUPPORT 1 5448

SUPPORT 2 5367


5th MAY 2014

MONDAY, MAY 05

TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS

ALL DAY HOLIDAY UNITED KINGDOM - EARLY MAY BANK

HOLIDAY

ALL DAY HOLIDAY JAPAN - CHILDREN'S DAY

ALL DAY HOLIDAY SOUTH KOREA - CHILDREN'S DAY

10:00 USD ISM NON-MANUFACTURING EMPLOYMENT 53.6

10:00 USD ISM NON-MANUFACTURING PMI 54.1 53.1

21:30 AUD TRADE BALANCE 1.200B 1.200B

TODAY’S ECONOMIC EVENTS


5th MAY 2014

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Daily commodity market report 05 may -2014 by epic research

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Transcript of Daily commodity market report 05 may -2014 by epic research