Daily commodity trading market report 22 may- 2014 by epic research

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22th MAY 2014

DAILY COMMODITY REPORT

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22th MAY 2014

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

GOLD 5-Jun-14 28245 28277 27341 27373 8925

SILVER 5-Jul-14 41095 41347 40818 40896 13879

COPPER 30-Jun-14 410.4 411.5 405 407.8 17588

CRUDEOIL 19-Jun-14 6031 6139 6031 6131 9192

LEAD 30-May-14 124.6 124.85 122.35 123.6 2898

NICKEL 30-May-14 1155 1157.4 1134.6 1138.5 7569

NATURALGAS 27-May-14 267 269.2 263 263.5 4703

ZINC 30-May-14 122.4 122.7 120.35 121.35 1976

ALUMINIUM 30-May-14 102.2 102.35 101.3 102.05 7726

DAILY MARKET WRAPUP

METAL TONNES IN STORAGE

ALUMINIUM -9775

COPPER -1725

LEAD 200

NICKEL -882

ZINC -3800

LME WAREHOUSE STOCKS ( 21-MAY- 2014)





22th MAY 2014

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL (WTI) USD/BBL. 104.06 -0.01 -0.01% Jul 14

CRUDE OIL (BRENT) USD/BBL. 110.53 -0.02 -0.02% Jul 14

RBOB GASOLINE USD/GAL. 299.62 +0.20 +0.07% Jun 14

NYMEX NATURAL GAS USD/MMBTU 4.49 +0.01 +0.29% Jun 14

NYMEX HEATING OIL USD/GAL. 295.39 +0.06 +0.02% Jun 14

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1,291.40 +3.30 +0.26% Aug 14

GOLD SPOT USD/T OZ. 1,292.44 +0.40 +0.03% N/A

COMEX SILVER USD/T OZ. 19.42 +0.08 +0.42% Jul 14

COMEX COPPER USD/LB. 314.05 +1.75 +0.56% Jul 14

PLATINUM SPOT USD/T OZ. 1,476.06 -1.07 -0.07% N/A

INTERNATIONAL MARKETS

ENERGY COMMODITY FUTURES

PRECIOUS AND INDUSTRY METALS





22th MAY 2014

MOST ACTIVE CONTRACTS

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

CRUDE OIL 19-06-2014 6131.00 37,02,87,876.00 60,396

SILVERMICRO 30-06-2014 40920.00 2,45,73,68,760.00 60,053

NICKEL 30-05-2014 1138.20 4,05,80,244.60 35,653

NATURAL GAS 27-05-2014 263.60 92,35,753.20 35,037

COPPER 30-06-2014 407.65 1,28,95,600.10 31,634

SILVER M 30-06-2014 40918.00 1,26,48,98,134.00 30,913

GOLD M 05-06-2014 27484.00 81,89,95,716.00 29,799

NICKELMINI 30-05-2014 1138.00 2,83,61,236.00 24,922

COPPERMINI 30-06-2014 407.65 93,73,911.75 22,995

GOLD 05-06-2014 27367.00 61,81,38,429.00 22,587





22th MAY 2014

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

ALUMINIUM 30-May 100.85 101.45 101.90 102.50 102.95

COPPER 30-Jun 401.60 404.70 408.10 411.20 414.60

CRUDEOIL 19-Jun 5992 6062 6100 6170 6208

GOLD 5-Jun 26728 27050 27664 27986 28600

LEAD 30-May 121.10 122.35 123.60 124.85 126.10

NATURALGAS 27-May 259.03 261.27 265.23 267.47 271.43

NICKEL 30-May 1120.7 1129.6 1143.5 1152.4 1166.3

SILVER 5-Jul 40491 40694 41020 41223 41549

ZINC 30-May 119.12 120.23 121.47 122.58 123.82

INTRADAY SUPPORT AND RESISTANCE





22th MAY 2014

TODAY,S COMMODITY NEWS

COMMODITY HEADLINES Gold demand down 26% in Q1.

Global gold refining quality stamp for MMTC-Swiss JV

Nickel extends weakness on global cues; low demand

Zinc softens by 0.24% on global cues

Nickel down 1.6% on global cues, profit-booking

Refined soya oil up 0.42% on spot demand

Tea output rises 8% to 1,224.5 mn kg in 2013-14

Crude oil futures down 0.28% on weak Asian cues

Crude oil futures up 0.4% on global cues

Cess on imported rubber illegal: Industries

Mentha oil gains 0.17% on rising demand

Commodity futures market seeks FCRA amendment





22th MAY 2014

SPECIAL NEWS Japanese manufacturing activity came in with a seasonally ad-

justed score of 49.9 in May, Markit Economics said on Thursday - touching a two-month high. That's up from 49.4 in April, al-though it remains just below the mark of 50 that separates ex-pansion from contraction. Among the individual components of the survey, the manufacturing output index came in at 49.2 - also hitting a two-month high and up from 46.2 in the previous month. The index for new orders continued to contract but at a slower rate, as did the indexes for quantity of purchases. New export orders continued to decline at a faster rate, as did back-logs of work. Output prices slipped into contraction from ex-pansion.

China manufacturing activity came in with a score of 49.7 in May, the latest flash estimate from HSBC and Markit Economics revealed on Thursday, up sharply from 48.1 in April - and while it does remain below the line of 50 that separates expansion from contraction, the May reading represents a five-month high. Among the individual components of the survey, the in-dex for manufacturing output came in at 50.3 - up from 47.9 in April to a four-month high. .

COMMODITY BUZZ Copper has started to show vulnerability against the rise and

the prices have started to turn red in the evening trades on MCX. The benchmark metal is likely to see some more losses in the coming days on the back of fears of the growth declines in China.

China reported a decline in the manufacturing numbers. .China has reported a monthly increase in the unwrought Copper imports for the month of April 2014. According to the preliminary data from the General Administration of Customs, total unwrought Copper product imports were 449000 tonnes, up from 420000 tonnes in the month of March 2014, up 6.9%.

MCX Gold futures slipped as the COMEX gold futures reverted to losses ahead of the release the minutes of FOMC meeting in April.. Failure of the metal to hold above $1300 per ounce lev-els in a convincing manner is hurting the sentiments. The global prices dropped yesterday on worries over Indian de-mand and the persistent strength in the US dollar. Gold de-mand in India fell by a fourth to 190.3 tonnes in the quarter to March due to the curbs and have sent local premiums to re-cord highs, WGC said in its quarterly report on Tuesday.

COMMODITY BUZZ AND ECONOMIC EVENTS





22th MAY 2014

EPIC RESEARCH– ANALYST SPEAKS

GOLD

GOLD MCX Short term trend is DOWN, Immediate support @ 28350 Immediate Resistace @ 28520 Today GOLD MCX Closed @ 27373. Yesterday Intraday Range of GOLD MCX was 929. Open Interest was up –12.35 %, Volumes were 17911

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

BUY GOLD ABOVE 27520 TGT 27600,27700 SL BELOW 27420 SELL GOLD BELOW 27350 TGT 27270,27170 SL ABOVE 27450





22th MAY 2014


SILVER

SILVER MCX Short term trend is DOWN, Immediate support @ 40700 Immediate Resistace @ 41150 Today SILVER MCX Closed @ 40896. Yesterday Intraday Range of SILVER MCX was 495 .Open Interest was DOWN –5.35 %, Vol-umes were 13879 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 40700 TGT 40500,40200 SL ABOVE 41000





22th MAY 2014


DHANIYA

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

Immediate support @ 9275 & Immediate resistance @ 9430.

BUY DHANIYA JUN ABOVE 9430 TGTS 9460,9510 SL 9380

SELL DHANIYA JUN BELOW 9275 TGTS 9245,9195 SL 9325

RESISTANCE 2 9664

RESISTANCE 1 9629

PIVOT 9396

SUPPORT 1 9232

SUPPORT 2 9128





22th MAY 2014


GUARSEED

Guarseed may daily chart, consolidating in support level expecting from here onwards guarseed price may go upMo-mentum indicators RSI is below mid range. In intraday basis immediate support @ 5130 & immediate resistance @

5190.

BUY GUARSEED JUN ABOVE 5190 TGTS 5220,5270 SL 5140 SELL GUARSEED JUN BELOW 5130 TGTS 5100,5050 SL 5180

RESISTANCE 2 5358

RESISTANCE 1 5375

PIVOT 5198

SUPPORT 1 5112

SUPPORT 2 5038





22th MAY 2014

THURSDAY, MAY 22

TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS

07:15 CNY CHINESE HSBC MANUFACTURING PMI 48.1 48.1

13:00 EUR GERMAN MANUFACTURING PMI 54.0 54.1

14:00 GBP GDP (QOQ) 0.8% 0.8%

14:00 GBP GDP (YOY) 3.1% 3.1%

18:00 CAD CORE RETAIL SALES (MOM) 0.5% 0.6%

19:30 USD EXISTING HOME SALES 4.68M 4.59M

TODAY’S ECONOMIC EVENTS





22th MAY 2014

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Daily commodity trading market report 22 may- 2014 by epic research

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Transcript of Daily commodity trading market report 22 may- 2014 by epic research