Daily commodity market report 09 may -2014 by epic research

13
YOUR MINTVISORY Call us at +91-731-6642300 9 th MAY 2014 DAILY COMMODITY REPORT Our Presence Epic Research India 411 Milinda Manor (Suites 409- 417) 2 RNT Marg. Opp Cental Mall Indore (M.P.) Hotline: +91 731 664 2300 Or give us a missed call at 026 5309 0639 HNI & NRI Sales Contact Australia Mintara Road, Tarneit, Victoria. Post Code 3029 Phone.: +61 422 063855 HNI & NRI Sales Contact USA 2117 Arbor Vista Dr. Charlotte (NC) Cell: +1 704 249 2315 Toll Free Number 1-800-200-9454 All queries should be directed to [email protected]

description

 

Transcript of Daily commodity market report 09 may -2014 by epic research

Page 1: Daily commodity  market report 09  may -2014 by epic research

YOUR MINTVISORY Call us at +91-731-6642300

9th MAY 2014

DAILY COMMODITY REPORT

Our Presence

Epic Research India

411 Milinda Manor (Suites 409- 417)

2 RNT Marg. Opp Cental Mall

Indore (M.P.)

Hotline: +91 731 664 2300

Or give us a missed call at

026 5309 0639

HNI & NRI Sales Contact Australia

Mintara Road, Tarneit, Victoria. Post Code 3029

Phone.: +61 422 063855

HNI & NRI Sales Contact USA

2117 Arbor Vista Dr. Charlotte (NC)

Cell: +1 704 249 2315

Toll Free Number

1-800-200-9454

All queries should be directed to

[email protected]

Page 2: Daily commodity  market report 09  may -2014 by epic research

YOUR MINTVISORY Call us at +91-731-6642300

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)

Page 3: Daily commodity  market report 09  may -2014 by epic research

YOUR MINTVISORY Call us at +91-731-6642300

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

Page 4: Daily commodity  market report 09  may -2014 by epic research

YOUR MINTVISORY Call us at +91-731-6642300

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

Page 5: Daily commodity  market report 09  may -2014 by epic research

YOUR MINTVISORY Call us at +91-731-6642300

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

Page 6: Daily commodity  market report 09  may -2014 by epic research

YOUR MINTVISORY Call us at +91-731-6642300

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

Page 7: Daily commodity  market report 09  may -2014 by epic research

YOUR MINTVISORY Call us at +91-731-6642300

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

Page 8: Daily commodity  market report 09  may -2014 by epic research

YOUR MINTVISORY Call us at +91-731-6642300

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

Page 9: Daily commodity  market report 09  may -2014 by epic research

YOUR MINTVISORY Call us at +91-731-6642300

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

Page 10: Daily commodity  market report 09  may -2014 by epic research

YOUR MINTVISORY Call us at +91-731-6642300

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

Page 11: Daily commodity  market report 09  may -2014 by epic research

YOUR MINTVISORY Call us at +91-731-6642300

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

Page 12: Daily commodity  market report 09  may -2014 by epic research

YOUR MINTVISORY Call us at +91-731-6642300

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

Page 13: Daily commodity  market report 09  may -2014 by epic research

YOUR MINTVISORY Call us at +91-731-6642300

9th MAY 2014

The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any re-

sponsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most.

Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up

on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility.

The information given herein should be treated as only factor, while making investment decision. The report does not provide individually

tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and

encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on

the information given in this report, which is in violation of rules and regulations of NSE and BSE.

The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all es-

timates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks

recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views ex-

pressed as a recommendation for which either the site or its owners or anyone can be held responsible for. Any surfing and reading of

the information is the acceptance of this disclaimer. All Rights Reserved.

Investment in equity & bullion market has its own risks.

We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any

financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer

to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our

calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then

Serious Legal Actions can be taken.

DISCLAIMER