Daily commodity trading market report 21-may -2014 by epic research

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21th MAY 2014

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21th MAY 2014

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

GOLD 5-Jun-14 28120 28245 28062 28186 10323

SILVER 5-Jul-14 40902 41127 40715 41030 14725

COPPER 30-Jun-14 412 414.45 407.65 410.1 16396

CRUDEOIL 19-Jun-14 6015 6045 5986 6015 7031

LEAD 30-May-14 124.85 126 123.7 124.15 2871

NICKEL 30-May-14 1173.4 1173.4 1136 1165.7 7776

NATURALGAS 27-May-14 262.8 267.9 260.6 266.9 5541

ZINC 30-May-14 121.9 123.2 121.6 121.95 1698

ALUMINIUM 30-May-14 102 102.65 101.25 102 7905

DAILY MARKET WRAPUP

METAL TONNES IN STORAGE

ALUMINIUM -10400

COPPER -3475

LEAD 1225

NICKEL -66

ZINC -1175

LME WAREHOUSE STOCKS ( 20-MAY- 2014)





21th MAY 2014

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL (WTI) USD/BBL. 102.90 +0.57 +0.56% Jul 14

CRUDE OIL (BRENT) USD/BBL. 109.86 +0.17 +0.15% Jul 14

RBOB GASOLINE USD/GAL. 297.14 +0.74 +0.25% Jun 14

NYMEX NATURAL GAS USD/MMBTU 4.55 -0.00 -0.09% Jun 14

NYMEX HEATING OIL USD/GAL. 295.14 +0.22 +0.07% Jun 14

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1,295.90 +1.30 +0.10% Jun 14

GOLD SPOT USD/T OZ. 1,296.02 +1.65 +0.13% N/A

COMEX SILVER USD/T OZ. 19.47 +0.07 +0.34% Jul 14

COMEX COPPER USD/LB. 314.15 -0.35 -0.11% Jul 14

PLATINUM SPOT USD/T OZ. 1,472.75 +3.87 +0.26% N/A

INTERNATIONAL MARKETS

ENERGY COMMODITY FUTURES

PRECIOUS AND INDUSTRY METALS





21th MAY 2014

MOST ACTIVE CONTRACTS

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

NICKEL 30-05-2014 1163.10 7,41,74,376.30 63,773

SILVERMICRO 30-06-2014 41044.00 2,45,02,44,712.00 59,698

CRUDE OIL 19-06-2014 6015.00 31,00,37,160.00 51,544

NICKELMINI 30-05-2014 1163.00 4,79,41,186.00 41,222

SILVER M 30-06-2014 41042.00 1,34,98,71,380.00 32,890

NATURAL GAS 27-05-2014 266.80 87,71,850.40 32,878

COPPER 30-06-2014 409.90 1,15,37,045.40 28,146

COPPERMINI 30-06-2014 409.85 83,65,038.50 20,410

SILVER 05-07-2014 41014.00 76,47,47,044.00 18,646

LEADMINI 30-05-2014 124.05 18,84,691.65 15,193





21th MAY 2014

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

ALUMINIUM 30-May 100.57 101.28 101.97 102.68 103.37

COPPER 30-Jun 403.93 407.02 410.73 413.82 417.53

CRUDEOIL 19-Jun 5956 5986 6015 6045 6074

GOLD 5-Jun 27981 28084 28164 28267 28347

LEAD 30-May 122.32 123.23 124.62 125.53 126.92

NATURALGAS 27-May 257.83 262.37 265.13 269.67 272.43

NICKEL 30-May 1121.0 1143.3 1158.4 1180.7 1195.8

SILVER 5-Jul 40545 40788 40957 41200 41369

ZINC 30-May 120.65 121.30 122.25 122.90 123.85

INTRADAY SUPPORT AND RESISTANCE





21th MAY 2014

TODAY,S COMMODITY NEWS

COMMODITY HEADLINES Global gold refining quality stamp for MMTC-Swiss JV .

Global gold demand steady in Jan-Mar quarter: WGC.

Gold futures up 0.18% on global cues.

Nickel down 1.6% on global cues, profit-booking.

Crude palm oil rises 0.24% as demand picks up.

Chana extends losses on increased supply.

Sugar gain 0.6% on summer season demand.

Brent rises above $108 on renewed Ukraine tensions.

Crude oil futures up 0.4% on global cues.





21th MAY 2014

SPECIAL NEWS The National Statistics reported that the consumer prices

index (CPI) in UK grew by 1.8% in the year to April 2014, up from 1.6% in March. Increases in transport costs, nota-bly air fares, sea fares and motor fuels, provided the largest contribution to the rise in the rate. An overall fall in the price of food was the largest offsetting factor. The timing of Easter is likely to have had an impact on the index most notably for air fares and sea fares. On monthly basis, CPI rose 0.40%, higher than 0.20% in the last month. Yearly core CPI rose to 2% from 1.60% in the earlier month.

Euro stat said that Euro zone trade balance in seasonally adjusted terms edged up to15.2 billion euro in March 2014, from 15.0 billion euro in the month of February 2014.

COMMODITY BUZZ India's gold demand is likely to pick up in the second half

of the year as curbs on bullion imports are expected to be eased by the country's new government, the World Gold Council (WGC) and other industry officials said on Tues-day. Gold imports by India, the world's No. 2 bullion con-sumer after China, could double from current levels if the restrictions are eased, according to an industry estimate. This would help global prices that slumped 28 per cent last year - the first drop in 13 years - partly due to India's curbs.

India's gold demand is likely to pick up in the second half of the year as curbs on bullion imports are expected to be eased by the country's new government, the World Gold Council (WGC) and other industry officials said on Tues-day.

The loss on sale of diesel has fallen to Rs. 4.41 per litre, helped by Rs. 1.09 per litre hike and strengthening of the rupee against the US dollar.

COMMODITY BUZZ AND ECONOMIC EVENTS





21th MAY 2014

EPIC RESEARCH– ANALYST SPEAKS

GOLD

GOLD MCX Short term trend is DOWN, Immediate support @ 28120 Immediate Resistace @ 28250 Today GOLD MCX Closed @ 28186. Yesterday Intraday Range of GOLD MCX was 183. Open Interest was up +2.25 %, Volumes were 10630

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

BUY GOLD ABOVE 28250 TGT 28330,28430 SL BELOW 28130 SELL GOLD BELOW 28120 TGT 28040,27940 SL ABOVE 28150





21th MAY 2014


SILVER

SILVER MCX Short term trend is DOWN, Immediate support @ 40700 Immediate Resistace @ 41150 Today SILVER MCX Closed @ 41030. Yesterday Intraday Range of SILVER MCX was 412 .Open Interest was UP + 0.50 %, Volumes

were 18299 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR

Movements.

BUY SILVER ABOVE 41150 TGT 41350,41650 SL BELOW 40850 SELL SILVER BELOW 40500 TGT 40300,40000 SL ABOVE 40800





21th MAY 2014


DHANIYA

Dhaniya jun daily chart is consolidating in a range. trend is bullish Momentum indicator RSI is below mid range

Immediate support @ 9540 & Immediate resistance @ 9685.

BUY DHANIYA JUN ABOVE 9685 TGTS 9715,9765 SL 9635

SELL DHANIYA JUN BELOW 9540 TGTS 9510,9460 SL 9590

RESISTANCE 2 9663

RESISTANCE 1 9629

PIVOT 9536

SUPPORT 1 9487

SUPPORT 2 9409





21th MAY 2014


GUARSEED

Guarseed may daily chart,consolidating in support level expecting from here onwards guarseed price may go up

Momentum indicators RSI is below mid range.

In intraday basis immediate support @ 5210 & immediate resistance @ 5270.

BUY GUARSEED JUN ABOVE 5270 TGTS 5300,5400 SL 5220

SELL GUARSEED JUN BELOW 5210 TGTS 5180,5130 SL 5260

RESISTANCE 2 5345

RESISTANCE 1 5375

PIVOT 5210

SUPPORT 1 5150

SUPPORT 2 5075





21th MAY 2014

WEDNESDAY, MAY 21

TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS

Tentative JPY BOJ PRESS CONFERENCE

14:00 GBP MPC MEETING MINUTES

14:00 GBP RETAIL SALES (MOM) 0.5% 0.1%

21:00 USD FED CHAIR YELLEN SPEAKS

23:30 USD FOMC MEETING MINUTES

TODAY’S ECONOMIC EVENTS





21th MAY 2014

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Daily commodity trading market report 21-may -2014 by epic research

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Transcript of Daily commodity trading market report 21-may -2014 by epic research