Daily commodity report 20 may-2014 by epic research
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Transcript of Daily commodity report 20 may-2014 by epic research
YOUR MINTVISORY Call us at +91-731-6642300
20th MAY 2014
DAILY COMMODITY REPORT
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20th MAY 2014
COMMODITY CONTRACT OPEN PRICE HIGH LOW CLOSE PRICE OI (in lots)
GOLD 5-Jun-14 28050 28299 28030 28144 10487
SILVER 5-Jul-14 41030 41445 40780 40866 15091
COPPER 30-Jun-14 412 413.8 410.6 412.05 15451
CRUDEOIL 19-Jun-14 5975 6020 5964 6010 6120
LEAD 30-May-14 124.4 125.3 124.25 124.95 2144
NICKEL 30-May-14 1124.8 1184.6 1124.8 1183.3 8483
NATURALGAS 27-May-14 259.2 264.6 258.4 263.3 4875
ZINC 30-May-14 121.1 122.5 121 122.15 1656
ALUMINIUM 30-May-14 102.1 102.55 101.6 101.95 7898
DAILY MARKET WRAPUP
METAL TONNES IN STORAGE
ALUMINIUM -9500
COPPER -4550
LEAD -275
NICKEL 480
ZINC -2325
LME WAREHOUSE STOCKS ( 16-MAY- 2014)
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20th MAY 2014
COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT
CRUDE OIL (WTI) USD/BBL. 102.19 +0.17 +0.17% Jun 14
CRUDE OIL (BRENT) USD/BBL. 109.95 +0.20 +0.18% Jul 14
RBOB GASOLINE USD/GAL. 298.76 +1.41 +0.47% Jun 14
NYMEX NATURAL GAS USD/MMBTU 4.42 +0.01 +0.20% Jun 14
NYMEX HEATING OIL USD/GAL. 296.01 +0.65 +0.22% Jun 14
COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT
COMEX GOLD USD/T OZ. 1,293.80 0.00 0.00% Jun 14
GOLD SPOT USD/T OZ. 1,293.88 +0.91 +0.07% N/A
COMEX SILVER USD/T OZ. 19.36 0.00 +0.01% Jul 14
COMEX COPPER USD/LB. 316.15 -0.55 -0.17% Jul 14
PLATINUM SPOT USD/T OZ. 1,469.75 +1.06 +0.07% N/A
INTERNATIONAL MARKETS
ENERGY COMMODITY FUTURES
PRECIOUS AND INDUSTRY METALS
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20th MAY 2014
MOST ACTIVE CONTRACTS
Symbol Expiry Date LTP Value (In Lacs) Volume (In Lots)
SILVERMICRO 30-06-2014 40906.00 2,70,44,18,378.00 66,113
NICKEL 30-05-2014 1183.50 5,55,79,527.00 46,962
SILVER M 30-06-2014 40914.00 1,36,25,99,856.00 33,304
NICKELMINI 30-05-2014 1183.70 3,44,98,936.50 29,145
NATURAL GAS 27-05-2014 263.30 71,42,802.40 27,128
CRUDE OIL 19-06-2014 6009.00 13,13,26,695.00 21,855
SILVER 05-07-2014 40878.00 78,57,56,916.00 19,222
COPPER 30-06-2014 412.10 71,82,903.00 17,430
COPPERMINI 30-06-2014 412.00 52,14,272.00 12,656
ALUMINI 30-05-2014 102.00 11,57,394.00 11,347
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COMMODITY EXPIRY SUP.2 SUP.1 PIVOT RES.1 RES.2
ALUMINIUM 30-May 101.08 101.52 102.03 102.47 102.98
COPPER 30-Jun 408.95 410.50 412.15 413.70 415.35
CRUDEOIL 19-Jun 5939 5974 5998 6033 6057
GOLD 5-Jun 27889 28016 28158 28285 28427
LEAD 30-May 123.78 124.37 124.83 125.42 125.88
NATURALGAS 27-May 255.90 259.60 262.10 265.80 268.30
NICKEL 30-May 1104.4 1143.9 1164.2 1203.7 1224.0
SILVER 5-Jul 40365 40616 41030 41281 41695
ZINC 30-May 120.38 121.27 121.88 122.77 123.38
INTRADAY SUPPORT AND RESISTANCE
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20th MAY 2014
TODAY,S COMMODITY NEWS
COMMODITY HEADLINES Global gold, silver production to achieve new highs in 2014 .
Gold prices to ease, silver may firm up this week .
Silver down 0.9% on weak overseas trend
Copper up 0.4% on global cues
Coriander down 0.4% on low demand, increased arrivals
Chana down 0.9% on increased supply
Turmeric down 2.4% on sluggish demand
Brent rises above $108 on renewed Ukraine tensions
Oil prices rise in Asia
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20th MAY 2014
SPECIAL NEWS UK home prices surged to a fresh record high for a third straight
month in May on strong demand. While builders are increasing activity, employment and investment, given how far those ele-ments were reduced during the credit crisis, it will take time to increase capacity to the required levels. Online estate agency Rightmove said today the average asking price for homes adver-tised for sale on its website rose by the biggest percentage since April 2002 of 3.6%, or, 9,409 pounds ($15,813) to a fresh record high of GBP 272,003. Compared with May 2013, prices were 8.9% higher. In April Rightmove reported a 2.6% monthly gain and an annual increase of 7.3% in average asking prices on its property portal. The survey also showed that asking prices for London property hit a fresh high of GBP 592,763, a near GBP 20,000 increase from April.
Euro stat said that Euro zone trade balance in seasonally ad-justed terms edged up to15.2 billion euro in March 2014, from 15.0 billion euro in the month of February 2014.
COMMODITY BUZZ MCX Gold futures gained today as the global prices man-
aged to break above $1300 per ounce mark on the first ses-sion of the week. Last week, COMEX Gold slipped under $1280 per ounce but witnessed good buying on simmering crisis in Ukraine. The surge in global equities also capped the gains for the metal. Steady buying emerged in the metal thereafter and the counter quotes at $1302 per ounce, up $9 per ounce on the day. MCX Gold futures are trading at Rs 28215 per 10 grams, up Rs 126 per 10 grams or 0.45% on the day with 7.74% increase in the open interest .
Gold traded in cautiously mode on Friday ahead of the U.S. housing data. The yellow mental came under pressure on Thursday as demand for the safe-haven metal weakened af-ter upbeat U.S. economic reports, although concerns over ongoing tensions in Ukraine still lent some support. Ukraine's interim leaders mulled plans to give regions greater autonomy in talks today ahead of presidential elec-tions on May 25 but the exclusion of pro-Russian separatists is threatening the whole process.
COMMODITY BUZZ AND ECONOMIC EVENTS
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EPIC RESEARCH– ANALYST SPEAKS
GOLD
MCX Gold price closed on a negative note on the back of strength in the DX and positive Indian currency against USD. However, sharp downside was cushioned as the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA)
swept the 16th Lok Sabha Election. For coming weeks we expect price may recover from bottom up to 28250.
BUY GOLD ABOVE 28320 TGT 28400,28500 SL BELOW 28200 SELL GOLD BELOW 28000 TGT 27920,27800 SL ABOVE 28100
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20th MAY 2014
EPIC RESEARCH– ANALYST SPEAKS
SILVER
Comex Silver prices declined by 0.3 percent owing to strength in the DX and mixed global market sentiments. Also, de-clining trend in gold prices acted as a negative factor. However, positive movement in base metals restricted sharp fall. On the MCX, silver prices closed lower by 1.97 percent on account of Rupee appreciation on Friday. We expect price
may recover from bottom, before fresh selling.
BUY SILVER ABOVE 41150 TGT 41350,41650 SL BELOW 40850 SELL SILVER BELOW 40500 TGT 40300,40000 SL ABOVE 40800
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20th MAY 2014
EPIC RESEARCH– ANALYST SPEAKS
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 @ 9480 & Immediate resistance @ 9540.
BUY DHNAIYA JUN ABOVE 9540 TGTS 9570,9620 SL 9490
SELL DHANIYA JUN BELOW 9480 TGTS 9450,9400 SL 9530
RESISTANCE 2 9711
RESISTANCE 1 9629
PIVOT 9536
SUPPORT 1 9438
SUPPORT 2 9361
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EPIC RESEARCH– ANALYST SPEAKS
GUARSEED
Guarseed may daily chart price 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 @ 5100 & immediate resistance @ 5220.
BUY GUARSEED JUN ABOVE 5220 TGTS 5250,5300 SL 5170
SELL GUARSEED JUN BELOW 5100 TGTS 4970,4920 SL 5150
RESISTANCE 2 5362
RESISTANCE 1 5375
PIVOT 5197
SUPPORT 1 5093
SUPPORT 2 5032
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20th MAY 2014
TUESDAY, MAY 20
TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS
07:00 AUD MONETARY POLICY MEETING MINUTES
14:00 GBP CPI (YOY) 1.7% 1.6%
TODAY’S ECONOMIC EVENTS
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20th MAY 2014
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