Daily commodity market report 09 may -2014 by epic research
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Transcript of Daily commodity market report 09 may -2014 by epic research
YOUR MINTVISORY Call us at +91-731-6642300
9th MAY 2014
DAILY COMMODITY REPORT
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9th MAY 2014
COMMODITY CONTRACT OPEN PRICE HIGH LOW CLOSE PRICE %CHANGE OI (in lots)
GOLD 05-JUN-14 28555.00 28624.00 28452.00 28520.00 -0.02 10013
SILVER 05-MAY-14 41900.00 42098.00 41537.00 41928.00 -0.78 16385
CRUDEOIL 19-MAY-14 6050.00 6059.00 5992.00 6033.00 -25.00 7581
NATURALGAS 27-MAY-14 284.00 285.70 274.10 283.80 -3.00 9170
COPPER 30-APR-14 406.40 410.00 405.15 405.35 0.99 17713
LEAD 30-APR-14 125.00 125.65 124.10 125.55 0.44 2410
NICKEL 30-APR-14 1125.00 1188.00 1125.00 1121.00 4.06 11940
ZINC 30-APR-14 122.35 123.10 121.35 121.95 0.12 1878
ALUMINIUM 30-APR-14 104.70 105.15 103.85 104.40 0.00 5040
DAILY MARKET WRAPUP
METAL TONNES IN STORAGE
ALUMINIUM -9700
COPPER -3925
LEAD -125
NICKEL -468
ZINC -1250
LME WAREHOUSE STOCKS ( 8-MAY- 2014)
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9th MAY 2014
COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT
CRUDE OIL (WTI) USD/BBL. 100.46 +0.20 +0.20% JUN 14
CRUDE OIL (BRENT) USD/BBL. 108.14 +0.10 +0.09% JUN 14
RBOB GASOLINE USD/GAL. 290.46 -0.04 -0.01% JUN 14
NYMEX NATURAL GAS USD/MMBTU 4.57 0.00 +0.02% JUN 14
NYMEX HEATING OIL USD/GAL. 292.11 +0.09 +0.03% JUN 14
COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT
COMEX GOLD USD/T OZ. 1,290.20 +2.50 +0.19% JUN 14
GOLD SPOT USD/T OZ. 1,290.02 +0.59 +0.05% N/A
COMEX SILVER USD/T OZ. 19.17 +0.03 +0.17% JUL 14
COMEX COPPER USD/LB. 306.00 -0.25 -0.08% JUL 14
PLATINUM SPOT USD/T OZ. 1,432.50 -3.88 -0.27% N/A
INTERNATIONAL MARKETS
ENERGY COMMODITY FUTURES
PRECIOUS AND INDUSTRY METALS
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9th MAY 2014
MOST ACTIVE CONTRACTS
Symbol Expiry Date LTP Value (In Lacs) Volume (In Lots)
NICKEL 30-05-2014 1167.10 8,43,17,139.50 72,245
SILVERMICRO 30-06-2014 41633.00 2,71,55,54,058.00 65,226
CRUDE OIL 19-05-2014 6008.00 32,96,58,960.00 54,870
NICKELMINI 30-05-2014 1166.90 5,36,87,902.10 46,009
NATURAL GAS 27-05-2014 275.30 1,23,29,035.20 44,784
SILVER M 30-06-2014 41628.00 1,41,13,55,712.00 33,904
COPPER 30-06-2014 409.35 1,02,93,105.75 25,145
COPPERMINI 30-06-2014 409.40 83,27,196.00 20,340
SILVER 05-07-2014 41602.00 75,66,15,574.00 18,187
LEADMINI 30-05-2014 125.10 19,53,936.90 15,619
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9th MAY 2014
COMMODITY EXPIRY SUP.3 SUP.2 SUP.1 PIVOT RES.1
ALUMINIUM 30-MAY 103.18 103.82 104.48 105.12 105.78
COPPER 30-JUN 403.33 406.37 408.18 411.22 413.03
CRUDEOIL 19-MAY 5953 5980 6020 6047 6087
GOLD 5-JUN 28361 28442 28533 28614 28705
LEAD 30-MAY 123.48 124.42 125.03 125.97 126.58
NATURALGAS 27-MAY 266.80 271.10 278.40 282.70 290.00
NICKEL 30-MAY 1096.5 1131.9 1160.3 1195.7 1224.1
SILVER 5-JUL 41180 41383 41741 41944 42302
ZINC 30-MAY 120.48 121.37 122.23 123.12 123.98
INTRADAY SUPPORT AND RESISTANCE
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9th MAY 2014
TODAY,S COMMODITY NEWS
COMMODITY HEADLINES
Gold Prices May Fall to Rs. 25,500: India Ratings
Gold futures rise marginally on global cues
Gold declines on subdued demand; silver ends steady
Gold futures up 0.22% on global cues
Lead gains 0.4% on global cues, spot demand
Copper up 0.33% on global cues, spot demand
Zinc up 0.6% on global cues, firm spot demand
Reduced MEP may boost groundnut oil export
Red gram growers want Karnataka govt to restart procurement
Crude prices mixed in Asia
Oil prices recover in Asian trade
Crude prices down in Asian trade
FMC directs MCX to drop Deloitte as auditor
Mentha oil up 0.5% on strong demand, tight supply
US oil prices soar as inventories fall
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9th MAY 2014
SPECIAL NEWS
The advance figure for seasonally adjusted initial claims
was 319,000, a decrease of 26,000 from the previous week's
revised level. The previous week's level was revised up by
1,000 from 344,000 to345,000. The 4 week moving average
was 324,750, an increase of 4,500 from the previous week's
revised average. The previous week's average was revised
up by250 from 320,000 to 320,250. The advance number
for seasonally adjusted insured unemployment during the
week ending April 26 was 2,685,000, a decrease of 76,000
from the previous week's revised level. The previous
week's level was revised down by 10,000 from2,771,000 to
2,761,000. The 4 - week moving average was 2,715,250, a
decrease of16,250 from previous week's revised average.
The governing council of the ECB at yesterday's meeting,
which was held in Brussels, decided that the interest rate
on the main refinancing operations and the interest rates
on the marginal lending facility and the deposit facility will
remain unchanged at 0.25%, 0.75% and 0.00% respectively.
The President of the ECB will comment on the considera-
tions underlying these decisions at a press conference start-
ing at IST 8 p.m yesterday.
COMMODITY BUZZ
The prices of MCX Copper are static in the evening trades.
Benchmark June expiry Copper was trading at Rs 405.65
per kg, up 0.07%. The concerns of Chinese economy
slower growth are weighing on Copper. In a separate re-
port released this month, Glencore Xstrata has raised its
copper output by 24 per cent in the first quarter compared
with production in the same period of 2013. Copper pro-
duction reached 382,000 tonnes, driven by expanding op-
erations at its Mutanda mine in the Democratic Republic
of Congo and at its Ernest Henry site in Australia, it said.
Output also improved at its Collahuasi and Antamina
mines, in Chile and Peru, respectively.
Gold Fields Ltd, one of the largest gold mining companies,
has reported that it swung to a loss in the first quarter of
the year as a lower gold price hit the operations. The com-
pany said it reported a net loss of $0.3 million for the
quarter ended March 31 compared with a net profit of
$313.8 million in the first quarter last year. Revenue was
$714.6 million, down from $805.2 million. The company
said gold production in the first quarter increased to
557,000 ounces, up from 477,000 ounces in the same pe-
riod last year helped by production from new assets ac-
quired in Australia.
COMMODITY BUZZ AND ECONOMIC EVENTS
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9th MAY 2014
EPIC RESEARCH– ANALYST SPEAKS
GOLD
GOLD MCX Short term trend is DOWN, Immediate support @ 28450 Immediate Resistance @ 28630 GOLD MCX Closed
@ 28520.00. Yesterday Intraday Range of GOLD MCX was 172. Open Interest was UP 3.60 %, Volumes were 10130 lots.
For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements.
BUY GOLD(JUN) ABOVE 28630 TGTS 28710/28810 SL 28500
SELL GOLD(JUN) BELOW 28450 TGTS 28370/28270 SL 28550
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9th MAY 2014
EPIC RESEARCH– ANALYST SPEAKS
SILVER
SILVER MCX Short term trend is DOWN, Immediate support @ 41580Immediate Resistance @ 42100 SILVER MCX
Closed @ 41928.00 . Yesterday Intraday Range of SILVER MCX was 502 .Open Interest was UP +8.70 %, Volumes were
16820 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements.
BUY SILVER(JULY) ABOVE 41900 TGTS 42100/42400 SL 41580
SELL SILVER(JULY) BELOW 41580 TGTS 41380/41080 SL 41900
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9th MAY 2014
EPIC RESEARCH– ANALYST SPEAKS
DHANIYA
Dhaniya daily chart, price consolidate in a range, our expectation is price may go down trend is bullish. Momentum
indicator RSI is in mid range Immediate support @ 9390 & Immediate resistance @ 9500.
BUY DHANIYA MAY ABOVE 9500 TGTS 9530,9580 SL 9450
SELL DHANIYA MAY BELOW 9390 TGTS 9370,9320 SL 9440
RESISTANCE 2 9629.00
RESISTANCE 1 9561.00
PIVOT 9480.00
SUPPORT 1 9396.00
SUPPORT 2 9331.00
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9th MAY 2014
EPIC RESEARCH– ANALYST SPEAKS
GUARSEED
Guarseed may daily chart, trend is in bullish. Expecting from here onwards guarseed price may go up Momentum indicators
RSI is below overbought zone signs bullishness. In intraday basis immediate support @ 5315 & immediate resistance @ 5400.
BUY GUARSEED MAY ABOVE 5400 TGTS 5430,5480 SL 5380
SELL GUARSEED MAY BELOW 5315 TGTS 5285,5235 SL 5365
RESISTANCE 2 5468.00
RESISTANCE 1 5577.00
PIVOT 5337.50
SUPPORT 1 5283.00
SUPPORT 2 5207.00
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9th MAY 2014
FRIDAY, MAY 9
TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS
02:00 EUR GERMAN TRADE BALANCE 16.6B 15.7B
04:30 GBP INDUSTRIAL PRODUCTION (MOM) -0.2% 0.9%
04:30 GBP MANUFACTURING PRODUCTION (MOM) 0.3% 1.0%
04:30 GBP TRADE BALANCE -9.00B -9.09B
08:00 BRL BRAZILIAN CPI (YOY) 6.42% 6.15%
08:30 CAD EMPLOYMENT CHANGE 12.0K 42.9K
08:30 CAD UNEMPLOYMENT RATE 6.9% 6.9%
10:00 GBP NIESR GDP ESTIMATE 0.9%
10:00 USD JOLTS JOB OPENINGS 4.21M 4.17M
18:00 USD FOMC MEMBER KOCHERLAKOTA SPEAKS
TODAY’S ECONOMIC EVENTS
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9th MAY 2014
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