Daily commodity market report 15 may - 2014 by epic research

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15th MAY 2014

DAILY COMMODITY REPORT

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15th MAY 2014

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

GOLD 05-Jun-14 28599 28749 28599 28704 10152

SILVER 05-Jul-14 42149 42750 42149 42348 14100

CRUDEOIL 30-Jun-14 415.5 420..05 415.5 418.05 14264

NATURALGAS 19-May-14 6039 6109 6039 6094 7843

COPPER 30-May-14 125.75 127.8 125.75 127.55 2347

LEAD 30-May-14 1240 1240 1169.5 1178.7 9736

NICKEL 27-May-14 261.7 262.4 258.7 259.1 5427

ZINC 30-May-14 123.1 125.15 123.1 124.85 1936

ALUMINIUM 30-May-14 4.55 105.85 104.55 105.65 4514

DAILY MARKET WRAPUP

METAL TONNES IN STORAGE

ALUMINIUM -7475

COPPER -5500

LEAD -1500

NICKEL -126

ZINC -2650

LME WAREHOUSE STOCKS ( 8-MAY- 2014)


15th MAY 2014

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL (WTI) USD/BBL. 102.07 -0.30 -0.29% Jun 14

CRUDE OIL (BRENT) USD/BBL. 110.02 -0.17 -0.15% Jun 14

RBOB GASOLINE USD/GAL. 297.28 +0.35 +0.12% Jun 14

NYMEX NATURAL GAS USD/MMBTU 4.36 -0.01 -0.23% Jun 14

NYMEX HEATING OIL USD/GAL. 296.03 +1.63 +0.55% Jun 14

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1,305.10 -0.80 -0.06% Jun 14

GOLD SPOT USD/T OZ. 1,304.96 -1.01 -0.08% N/A

COMEX SILVER USD/T OZ. 19.78 0.00 0.00% Jul 14

COMEX COPPER USD/LB. 315.05 -0.95 -0.30% Jul 14

PLATINUM SPOT USD/T OZ. 1,473.81 -7.82 -0.53% N/A

INTERNATIONAL MARKETS

ENERGY COMMODITY FUTURES

PRECIOUS AND INDUSTRY METALS


15th MAY 2014

MOST ACTIVE CONTRACTS

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

NICKEL 30-05-2014 1243.80 10,93,69,821.60 87,932

SILVERMICRO 19-05-2014 6029.00 33,94,20,642.00 56,298

NICKELMINI 30-05-2014 1243.80 6,99,15,241.80 56,211

CRUDE OIL 30-06-2014 41909.00 2,26,68,57,810.00 54,090

SILVER M 27-05-2014 260.00 90,60,220.00 34,847

GOLD M 30-06-2014 41907.00 1,13,80,68,399.00 27,157

COPPER 30-06-2014 414.60 1,08,73,299.60 26,226

NATURAL GAS 30-06-2014 414.65 80,77,796.65 19,481

COPPERMINI 30-05-2014 125.45 20,07,450.90 16,002

SILVER 05-07-2014 41869.00 64,33,59,054.00 15,366


15th MAY 2014

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

ALUMINIUM 30-May 104.05 104.85 105.35 106.15 106.65

COPPER 30-Jun 413.32 415.68 417.87 420.23 422.42

CRUDEOIL 19-May 6011 6052 6081 6122 6151

GOLD 5-Jun 28534 28619 28684 28769 28834

LEAD 30-May 124.98 126.27 127.03 128.32 129.08

NATURALGAS 27-May 256.37 257.73 260.07 261.43 263.77

NICKEL 30-May 1125.6 1152.1 1196.1 1222.6 1266.6

SILVER 5-Jul 41815 42081 42416 42682 43017

ZINC 30-May 122.32 123.58 124.37 125.63 126.42

INTRADAY SUPPORT AND RESISTANCE


15th MAY 2014

TODAY,S COMMODITY NEWS

COMMODITY HEADLINES

Platinum jewellery demand eating into gold market

Gold prices to decline 10% further

Gems & jewellery exports dip by 1.2% in FY 2014

Copper falls 0.36% on weak Asian cues

Nickel rises 0.51% on global cues

Crude oil futures up 0.4% on global cues

Oil prices rise in Asia

10 mt of wheat export possible by reducing spoilage: Study

Vegetable oils import rise 27% in Apr: SEA

Mentha oil up 0.21% on spot demand


15th MAY 2014

SPECIAL NEWS

US gold soared on bargain buying supported by weak

greenback, weak equities and deepening Ukraine crisis sup-

ported. Investors remained cautious after seven Ukrainian

soldiers were killed and seven wounded in an ambush by

pro-Russian separatists in eastern Ukraine on Tuesday,

stoking fears that the crisis will further escalate and drag

the U.S. deeper into the standoff .

.

US Labor Department released a report on Tuesday show-

ing an unexpected decrease in U.S. import prices in the

month of April, with prices for fuel imports showing a no-

table pullback. The Labor Department said import prices

fell by 0.4 percent in April following a 0.4 percent advance

in March. Declining fuel prices drove the decrease in im-

port prices, with fuel import prices tumbling by 1.7 percent

in April after rising by 0.6 percent in March. The pullback

reflected falling prices for both petroleum and natural gas.

COMMODITY BUZZ

MCX Crude oil futures are trading with sizable gains to-

day as a break above Rs 6000 per barrel mark triggered

heavy buying. Global prices also rallied as Ukraine con-

flict boosted the sentiments. WTI Crude had remained

little changed last night but is pushing higher today.

The counter quotes at $101.25 per barrel, up 66 cents

per barrel on the day. MCX Crude oil futures are trad-

ing at Rs 6039 per barrel on the day, up Rs 46 per barrel

on the day with a massive 56% of increase in the open

interest. However, oil could face some upside pressure

as markets wait for the keenly watched weekly inven-

tories data from the US department of energy. The

American Petroleum Institute released its weekly oil

report, which showed US crude inventories to have sur-

prisingly declined by 1.8 million barrels in the week

ended May 2.

The profit booking has chipped in Copper after it was

looking that the benchmark contract will show more

spikes. MCX Copper was trading at Rs 416 per kg, down

0.42%. The prices tested a high of Rs 420.15 per kg. in a

separate report, Brazilian Vale said nickel prices are ex-

pected to strengthen following Indonesia's export ban

on ore.

COMMODITY BUZZ AND ECONOMIC EVENTS


15th MAY 2014

EPIC RESEARCH– ANALYST SPEAKS

GOLD

GOLD MCX Short term trend is DOWN,. Immediate support @ 28450. Immediate Resistance @ 28680 Today GOLD MCX

Closed @ 28474. Yesterday Intraday Range of GOLD MCX was 194. Open Interest was down +3.52 %, Volumes were

10460 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements.

BUY GOLD(JUN) ABOVE 28680 TGTS 28760/28860 SL 28580

SELL GOLD(JUN) BELOW 28450 TGTS 28370/28270 SL 28550


15th MAY 2014


SILVER

SILVER MCX Short term trend is DOWN,. Immediate support @ 41750. Immediate Resistance @ 42200. Today silver

MCX Closed @ 41899. Yesterday Intraday Range of SILVER MCX was 450. Open Interest was down +4.34 %, Volumes

were 14530 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Move-

ments

BUY SILVER(JULY) ABOVE 42200 TGTS 42400/42700 SL 41900

SELL SILVER(JULY) BELOW 41750 TGTS 41550/41150 SL 42050


15th MAY 2014


DHANIYA

Dhaniya daily chart,price consolidate in a range, our expectation is price may go down rend is bullish. momentum indicator

RSI is in mid range Immediate support @ 9645 & Immediate resistance @ 9700.

BUY DHANIYA JUN ABOVE 9700 TGTS 9730,9780 SL 9650

SELL DHANIYA JUNE BELOW 9645 TGTS 9615,9565 SL 9695

RESISTANCE 2 9790

RESISTANCE 1 9629

PIVOT 9682

SUPPORT 1 9612

SUPPORT 2 9574


15th MAY 2014


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 @ 5355 & immediate resistance @ 5450..

BUY GUARSEED JUN ABOVE 5450 TGTS 5480,5530 SL 5400

SELL GUARSEED JUN BELOW 5355 TGTS 5325,5275 SL 5405

RESISTANCE 2 5478

RESISTANCE 1 5422

PIVOT 5388

SUPPORT 1 5332

SUPPORT 2 5298


15th MAY 2014

WEDNESDAY, MAY 14

TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS

04:30 GBP CLAIMANT COUNT CHANGE -30.0K -30.4K

05:30 GBP BOE GOV CARNEY SPEAKS

05:30 GBP BOE INFLATION REPORT

08:30 USD PPI (MOM) 0.2% 0.5%

TODAY’S ECONOMIC EVENTS


15th MAY 2014

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Daily commodity market report 15 may - 2014 by epic research

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Transcript of Daily commodity market report 15 may - 2014 by epic research