Daily commodity market report 16 may- 2014 by epic resercah

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16th MAY 2014

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16th MAY 2014

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

GOLD 05-Jun-14 28680 28686 28375 28408 9975

SILVER 05-Jul-14 42348 42348 41575 41717 13847

CRUDEOIL 30-Jun-14 417.1 418.9 415.2 415.75

NATURALGAS 19-May-14 6085 6085 6021 6037 6349

COPPER 30-May-14 127.05 127.1 124.95 125.15 2303

LEAD 30-May-14 1131.6 1141.4 1100.7 1107.9 7807

NICKEL 27-May-14 258.6 268 256 267 5496

ZINC 30-May-14 124.55 124.65 122.35 122.45 1527

ALUMINIUM 30-May-14 105.3 105.45 103.35 103.65 5889

DAILY MARKET WRAPUP

METAL TONNES IN STORAGE

ALUMINIUM -8175

COPPER -6400

LEAD -950

NICKEL 468

ZINC -1350

LME WAREHOUSE STOCKS ( 15-MAY- 2014)





16th 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





16th MAY 2014

MOST ACTIVE CONTRACTS

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

SILVERMICRO 30-06-2014 -1063.00 3,96,20,126.00 959

NATURAL GAS 27-05-2014 2.70 1,31,947.20 504

SILVER M 30-06-2014 -1070.00 2,07,76,918.00 503

COPPER 30-06-2014 -6.45 1,53,115.20 372

CRUDE OIL 19-05-2014 -111.00 21,41,914.00 358

GOLD 05-06-2014 -560.00 62,19,824.00 221

COPPERMINI 30-06-2014 -6.35 90,996.75 221

SILVER 05-07-2014 -1059.00 85,46,823.00 207

GOLD M 05-06-2014 -556.00 50,75,545.00 179

ALUMINI 30-05-2014 -3.15 17,937.50 175





16th 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





16th 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





16th 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





16th 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 281. Open Interest was down –0.54 %, Volumes were 12040 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements.

BUY GOLD(JUN) ABOVE 28500 TGTS 28580/28680 SL 28390 SELL GOLD(JUN) BELOW 28350 TGTS 28270/28170 SL 28450





16th MAY 2014


SILVER

SILVER MCX Short term trend is DOWN,. Immediate support @ 41650. Immediate Resistance @ 42200. Today silver MCX Closed @ 41899. Yesterday Intraday Range of SILVER MCX was 773. Open Interest was down +6.32%, Volumes were 20400 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 41950 TGTS 42150/42450 SL 41650 SELL SILVER(JULY) BELOW 41650 TGTS 41450/41150 SL 41950





16th MAY 2014


DHANIYA

Dhaniya jun daily chart is in support level @ 9400,Expecting short term selling and then price may take support. trend is bullish RSI is below mid range.Immediate support @ 9485 & Immediate resistance @ 9535.

BUY DHNAIYA JUN ABOVE 9535 TGTS 9565,9615 SL 9485

SELL DHANIYA JUN BELOW 9485 TGTS 9455,9405 SL 9535

RESISTANCE 2 9790

RESISTANCE 1 9629

PIVOT 9682

SUPPORT 1 9612

SUPPORT 2 9574





16th MAY 2014


GUARSEED

Guarseed may daily chart,trend is in support level. expecting from here onwards guarseed price may go up Momentum indicators RSI is below mid range.In intraday basis immediate support @ 5160 & immediate resistance

@ 5270. BUY GUARSEED JUN ABOVE 5270 TGTS 5300,5350 SL 5220 SELL GUARSEED JUN BELOW 5160 TGTS 5130,5080 SL 5210

RESISTANCE 2 5478

RESISTANCE 1 5422

PIVOT 5388

SUPPORT 1 5332

SUPPORT 2 5298





16th MAY 2014

FRIDAY, MAY 16

TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS

08:30 USD BUILDING PERMITS 1.010M 0.997M

TODAY’S ECONOMIC EVENTS





16th MAY 2014

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Daily commodity market report 16 may- 2014 by epic resercah

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Transcript of Daily commodity market report 16 may- 2014 by epic resercah