Daily commodity report 12 may - 2014 by epic research

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YOUR MINTVISORY Call us at +91-731-6642300 12 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]

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Transcript of Daily commodity report 12 may - 2014 by epic research

  • 1. YOUR MINTVISORY Call us at +91-731-6642300 12th 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]

2. YOUR MINTVISORY Call us at +91-731-6642300 12th MAY 2014 COMMODITY CONTRACT OPEN PRICE HIGH LOW CLOSE PRICE %CHANGE OI (in lots) GOLD 05-Jun-14 28589 28648 28487 28525 -0.01% 9838 SILVER 05-Jul-14 41618 41895 41318 41453 -0.28% 16095 COPPER 30-Jun-14 409.65 412.45 408.2 411.7 +0.56% 16156 CRUDEOIL 19-May-14 6015 6069 5988 5993 -0.27% 6508 LEAD 30-May-14 125.6 126 124.4 124.5 -0.68% 2618 NICKEL 30-May-14 1174 1234 1174 1209.4 3.52% 10150 NATURALGAS 27-May-14 274.8 276.7 270 270.3 -1.82% 6871 ZINC 30-May-14 122 122.85 121.75 122 -0.20% 1724 ALUMINIUM 30-May-14 104.75 105.2 103.6 103.9 -0.48% 5708 DAILY MARKET WRAPUP METAL TONNES IN STORAGE ALUMINIUM -8600 COPPER -4700 LEAD +0 NICKEL +162 ZINC -1325 LME WAREHOUSE STOCKS ( 9-MAY- 2014) 3. YOUR MINTVISORY Call us at +91-731-6642300 12th MAY 2014 COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT CRUDE OIL (WTI) USD/BBL. 100.06 +0.07 +0.07% JUN 14 CRUDE OIL (BRENT) USD/BBL. 108.20 +0.31 +0.29% JUN 14 RBOB GASOLINE USD/GAL. 290.27 +0.67 +0.23% JUN 14 NYMEX NATURAL GAS USD/MMBTU 4.51 -0.03 -0.57% JUN 14 NYMEX HEATING OIL USD/GAL. 291.74 +1.06 +0.36% JUN 14 COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT COMEX GOLD USD/T OZ. 1,287.10 -0.50 -0.04% JUN 14 GOLD SPOT USD/T OZ. 1,289.09 +0.18 +0.01% N/A COMEX SILVER USD/T OZ. 19.16 +0.04 +0.20% JUL 14 COMEX COPPER USD/LB. 311.00 +2.70 +0.88% JUL 14 PLATINUM SPOT USD/T OZ. 1,427.25 -2.25 -0.16% N/A INTERNATIONAL MARKETS ENERGY COMMODITY FUTURES PRECIOUS AND INDUSTRY METALS 4. YOUR MINTVISORY Call us at +91-731-6642300 12th 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 5. YOUR MINTVISORY Call us at +91-731-6642300 12th MAY 2014 COMMODITY EXPIRY SUP.3 SUP.2 SUP.1 PIVOT RES.1 ALUMINIUM 30-MAY 102.63 103.27 104.23 104.87 105.83 COPPER 30-JUN 406.53 409.12 410.78 413.37 415.03 CRUDEOIL 19-MAY 5936 5964 6017 6045 6098 GOLD 5-JUN 28392 28459 28553 28620 28714 LEAD 30-MAY 123.37 123.93 124.97 125.53 126.57 NATURALGAS 27-MAY 265.63 267.97 272.33 274.67 279.03 NICKEL 30-MAY 1145.8 1177.6 1205.8 1237.6 1265.8 SILVER 5-JUL 40978 41216 41555 41793 42132 ZINC 30-MAY 121.10 121.55 122.20 122.65 123.30 INTRADAY SUPPORT AND RESISTANCE 6. YOUR MINTVISORY Call us at +91-731-6642300 12th MAY 2014 TODAY,S COMMODITY NEWS COMMODITY HEADLINES USDA Projects Weak Wheat Production And Consumption USDA Projects Higher Global Soybean Production For 2014-15 Light Sweet Crude Oil Drops BY 0.3% On Last Trading D IPC Global Pepper Market Weekly Review MCX Gold Recovers, Some Bargain Buying Emerges In Global Markets Cardamom Hits One And Half Week High On Strong Demand Copper Recovers After China Reports Rise of Imports By 7.2% Turmeric Ends Down On Technical Selling. Gold imports down 74% to $1.75 bn in April Nickel up 4% on global cues Aluminium up 0.4% on firming overseas trend Sponge iron units pin hope on new projects Lead gains 0.4% on global cues, spot demand 7. YOUR MINTVISORY Call us at +91-731-6642300 12th MAY 2014 SPECIAL NEWS The National Statistics said that seasonally adjusted, the UK's deficit on trade in goods and services was estimated to have been 1.3 billion in March2014, compared with a deficit of 1.7 billion in February 2014. There was a deficit of 8.5 billion on goods, partly offset by an estimated sur- plus of7.2 billion on services. Exports of goods increased by 4.9% between February and March 2014 to 24.6 billion reflecting an increase in exports of finished manufactures, including jewellery and cars. Imports of goods increased by 2.8%over the same period to 33.1 billion, with an increase in the imports of aircraft a significant factor. Exports of goods decreased by 3.7% to 72.0billion in Q1 2014. Im- ports of goods decreased by 2.8% to 98.7 billion in Q12014. The US farm department has estimated India's sugar pro- duction at 24.8 million tonne for the ongoing 2013-14 sea- son, higher than the 23.8 million tonne forecast by the do- mestic industry body ISMA. The country had already pro- duced 23.15 million tonne sugar till April 15 of the current October-September season, as per the data maintained by Indian Sugar Mills Associationat IST 8 p.m yesterday. COMMODITY BUZZ MCX gold futures witnessed some buying after a correc- tive wave yesterday. The metal dropped in line with the global cues, continuing to face a stiff resistance near Rs 29000 mark. International gold futures also slipped back below $1300 an ounce following the strength in the US dollar on back of upbeat data releases and the growth out- look for US. However, some bargain buying emerged in the counter and the metal quotes at $1293 per ounce, up $5 per ounce on the day. MCX Gold futures also trade at Rs 28631 per 10 grams, up Rs 108 per 10 grams on the day with nearly 5% increase in the open interest. MCX Copper recovered from the fact that the imports of Copper in China gained by 7.2%. The prices were recov- ering lost ground and managed to surpass Rs 410.3 per kg, up 0.23%. The prices tested a high of Rs 411.7 per kg, and a low of Rs 409.25 per kg. Chinese imports of copper rose 7.2 % in April from the previous month, extending gains made in March as stronger domestic prices boosted their appeal. Seasonal consumption also supported demand in the world's top copper consumer, along with global prices that have fallen more than 9 percent this year. COMMODITY BUZZ AND ECONOMIC EVENTS 8. YOUR MINTVISORY Call us at +91-731-6642300 12th MAY 2014 EPIC RESEARCH ANALYST SPEAKS GOLD GOLD MCX Short term trend is DOWN,. Immediate support @ 28450. Immediate Resistance @ 28650Today GOLD MCX Closed @ 28525. Yesterday Intraday Range of GOLD MCX was 161. Open Interest was down -0.52 %, Volumes were 9271 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 9. YOUR MINTVISORY Call us at +91-731-6642300 12th MAY 2014 EPIC RESEARCH ANALYST SPEAKS SILVER SILVER MCX Short term trend is DOWN, Immediate support @ 41580. Immediate Resistance @ 42150 SILVER MCX Closed @ 41453 . Yesterday Intraday Range of SILVER MCX was 502 .Open Interest was down 0.23 %, Volumes were 16020 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY SILVER(JULY) ABOVE 41550 TGTS 41750/42050 SL 41250 SELL SILVER(JULY) BELOW 41300 TGTS 41100/40800 SL 41600 10. YOUR MINTVISORY Call us at +91-731-6642300 12th MAY 2014 EPIC RESEARCH ANALYST SPEAKS DHANIYA Dhaniya jun daily chart is in support level, we will wait for the closing. trend is bullish RSI is in mid range Immediate support @ 9605 & Immediate resistance @ 9700. BUY DHANIYA JUN ABOVE 9700 TGTS 9730,9780 SL 9660 SELL DHANIYA JUN BELOW 9605 TGTS 9575,9525 SL 9655 RESISTANCE 2 9629.00 RESISTANCE 1 9837.00 PIVOT 9700.00 SUPPORT 1 9561.00 SUPPORT 2 9501.00 11. YOUR MINTVISORY Call us at +91-731-6642300 12th 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 @ 5445 & immediate resistance @ 5505. . BUY GUARSEED JUN ABOVE 5505 TGTS 5535,5585 SL 5455 SELL GUARSEED JUN BELOW 5445 TGTS 5415,5375 SL 5495 RESISTANCE 2 5468.00 RESISTANCE 1 5577.00 PIVOT 5337.50 SUPPORT 1 5283.00 SUPPORT 2 5207.00 12. YOUR MINTVISORY Call us at +91-731-6642300 12th MAY 2014 MONDAY, MAY 12 TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS 05:20 JPY ADJUSTED CURRENT ACCOUNT -0.78T -0.54T -0.04T 05:20 JPY CURRENT ACCOUNT N.S.A. 0.116T 0.305T 0.613T 07:00 AUD NAB BUSINESS CONFIDENCE 6 4 09:30 AUD INVESTING.COM AUD/USD INDEX 48.4% 46.9% 09:30 CAD INVESTING.COM USD/CAD INDEX 50.3% 48.7% 09:30 EUR INVESTING.COM EUR/USD INDEX 55.0% 41.1% 09:30 JPY INVESTING.COM USD/JPY INDEX 54.1% 47.6% 09:30 NZD INVESTING.COM NZD/USD INDEX 49.3% 50.7% 09:30 CHF INVESTING.COM USD/CHF INDEX 60.7% 65.8% 09:30 GBP INVESTING.COM GBP/USD INDEX 47.9% 41.0% TODAYS ECONOMIC EVENTS 13. YOUR MINTVISORY Call us at +91-731-6642300 12th 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. 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