daily commodity report 13 may -2014 by epic research

13
YOUR MINTVISORY Call us at +91-731-6642300 13 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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Page 1: Daily commodity report 13  may -2014 by epic research

YOUR MINTVISORY Call us at +91-731-6642300

13th 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]

Page 2: Daily commodity report 13  may -2014 by epic research

YOUR MINTVISORY Call us at +91-731-6642300

13th MAY 2014

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

GOLD 05-Jun-14 28474 28798 28350 28628 -0.01% 10112

SILVER 05-Jul-14 41469 42385 41393 42083 -0.28% 13928

CRUDEOIL 30-Jun-14 411.90 420.10 411.90 417.80 +0.56% 16156

NATURALGAS 19-May-14 6015 6069 5988 5993 -0.27% 6508

COPPER 30-May-14 124.75 126.85 124.45 126.45 -0.68% 2343

LEAD 30-May-14 1215 1280 1215 1262.9 3.52% 11381

NICKEL 27-May-14 270 270 265 265.40 -1.82% 5807

ZINC 30-May-14 121.90 124.10 121.60 123.95 -0.20% 1694

ALUMINIUM 30-May-14 104.05 105.10 103.85 104.75 -0.48% 5354

DAILY MARKET WRAPUP

METAL TONNES IN STORAGE

ALUMINIUM -9825

COPPER -3000

LEAD UNCH

NICKEL +642

ZINC -1050

LME WAREHOUSE STOCKS ( 8-MAY- 2014)

Page 3: Daily commodity report 13  may -2014 by epic research

YOUR MINTVISORY Call us at +91-731-6642300

13th MAY 2014

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL (WTI) USD/BBL. 100.55 -0.04 -0.04% JUN 14

CRUDE OIL (BRENT) USD/BBL. 108.47 +0.06 +0.06% JUN 14

RBOB GASOLINE USD/GAL. 292.04 +0.58 +0.20% JUN 14

NYMEX NATURAL GAS USD/MMBTU 4.41 -0.03 -0.65% JUN 14

NYMEX HEATING OIL USD/GAL. 291.24 +0.39 +0.13% JUN 14

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1,292.60 -3.2 -0.25% JUN 14

GOLD SPOT USD/T OZ. 1,293.60 -2.2 -0.17% N/A

COMEX SILVER USD/T OZ. 19.46 -0.08 +0.42% JUL 14

COMEX COPPER USD/LB. 313.00 -1.45 -0.46% JUL 14

PLATINUM SPOT USD/T OZ. 1,436.06 -1.07 -0.07% N/A

INTERNATIONAL MARKETS

ENERGY COMMODITY FUTURES

PRECIOUS AND INDUSTRY METALS

Page 4: Daily commodity report 13  may -2014 by epic research

YOUR MINTVISORY Call us at +91-731-6642300

13th MAY 2014

MOST ACTIVE CONTRACTS

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

NICKEL 30-05-2014 1268.10 65,54,808.90 5,169

SILVERMICRO 30-06-2014 41897.00 19,90,52,647.00 4,751

NICKELMINI 30-05-2014 1268.50 36,00,003.00 2,838

CRUDE OIL 19-05-2014 6010.00 1,67,91,940.00 2,794

SILVER M 30-06-2014 41896.00 9,81,20,432.00 2,342

GOLD M 05-06-2014 28743.00 4,58,45,085.00 1,595

COPPER 30-06-2014 416.25 6,02,313.75 1,447

NATURAL GAS 27-05-2014 264.00 3,74,616.00 1,419

COPPERMINI 30-06-2014 416.30 4,80,826.50 1,155

SILVER 05-07-2014 41865.00 3,97,29,885.00 949

GOLD 05-06-2014 28545.00 2,59,47,405.00 909

Page 5: Daily commodity report 13  may -2014 by epic research

YOUR MINTVISORY Call us at +91-731-6642300

13th MAY 2014

COMMODITY EXPIRY SUP.3 SUP.2 SUP.1 PIVOT RES.1

ALUMINIUM 30-May 104.03 104.57 105.28 105.82 106.53

COPPER 30-Jun 408.4 413.1 416.6 421.3 424.8

CRUDEOIL 19-May 5934 5963 5992 6021 6050

GOLD 5-Jun 28144 28386 28592 28834 29040

LEAD 30-May 123.52 124.98 125.92 127.38 128.32

NATURALGAS 27-May 261.8 263.6 266.8 268.6 271.8

NICKEL 30-May 1187.6 1225.3 1252.6 1290.3 1317.6

SILVER 5-Jul 40963 41524 41955 42516 42947

ZINC 30-May 120.72 122.33 123.22 124.83 125.72

INTRADAY SUPPORT AND RESISTANCE

Page 6: Daily commodity report 13  may -2014 by epic research

YOUR MINTVISORY Call us at +91-731-6642300

13th MAY 2014

TODAY,S COMMODITY NEWS

COMMODITY HEADLINES

Gold futures shed 0.31% on global cues

Gold imports down 74% to $1.75 bn in April

Copper up 0.4% on global cues

Copper Recovers After China Reports Rise of Imports By 7.2%

Oil prices rise in Asia

Nickel extends gains on global cues, surges 2.6%

Nickel up 4% on global cues

Aluminium up 0.4% on firming overseas trend

Sponge iron units pin hope on new projects

Crude prices down in Asian trade

FMC directs MCX to drop Deloitte as auditor

Mentha oil up 0.5% on strong demand, tight supply

US oil prices soar as inventories fall

Page 7: Daily commodity report 13  may -2014 by epic research

YOUR MINTVISORY Call us at +91-731-6642300

13th MAY 2014

SPECIAL NEWS

The advance figure for seasonally adjusted initial claims

was 319,000, a decrease of 26,000 from the previous week's

revised level. The previous week's level was revised up by

1,000 from 344,000 to345,000. The 4 week moving average

was 324,750, an increase of 4,500 from the previous week's

revised average. The previous week's average was revised

up by250 from 320,000 to 320,250. The advance number

for seasonally adjusted insured unemployment during the

week ending April 26 was 2,685,000, a decrease of 76,000

from the previous week's revised level. The previous

week's level was revised down by 10,000 from2,771,000 to

2,761,000. The 4 - week moving average was 2,715,250, a

decrease of16,250 from previous week's revised average.

The governing council of the ECB at yesterday's meeting,

which was held in Brussels, decided that the interest rate

on the main refinancing operations and the interest rates

on the marginal lending facility and the deposit facility will

remain unchanged at 0.25%, 0.75% and 0.00% respectively.

The President of the ECB will comment on the considera-

tions underlying these decisions at a press conference start-

ing at IST 8 p.m yesterday.

COMMODITY BUZZ

Tracking a weak trend overseas, silver prices fell by 0.13

per cent to Rs 42,170 per kg in futures trade today as

speculators engaged in off-loading positions. at the Multi

Commodity Exchange, silver for delivery in September

lost Rs 54, or 0.13 per cent, to Rs 42,170 per kg, with a

turnover of six lots. July silver dropped by Rs 32, or 0.08

per cent, to Rs 41,421 per kg, in a business turnover of 304

lots.

Supported by rising demand from consuming industries in

the spot market and lower arrivals from producing re-

gions, mentha oil prices gained 0.92% to Rs 895.70 per kg

as speculators enlarged positions. At the Multi Commod-

ity Exchange, mentha oil for delivery in June advanced by

Rs 8.20, or 0.92% to Rs 895.70 per kg in business turnover

of 79 lots.

COMMODITY BUZZ AND ECONOMIC EVENTS

Page 8: Daily commodity report 13  may -2014 by epic research

YOUR MINTVISORY Call us at +91-731-6642300

13th MAY 2014

EPIC RESEARCH– ANALYST SPEAKS

GOLD

GOLD MCX Short term trend is DOWN,. Immediate support @ 28450. Immediate Resistance @ 28650Today GOLD MCX

Closed @ 28628. Yesterday Intraday Range of GOLD MCX was 448. Open Interest was down +4.02 %, Volumes were

11832 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements.

BUY GOLD(JUN) ABOVE 28680 TGTS 28760/28860 SL 28580

SELL GOLD(JUN) BELOW 28590 TGTS 28510/28410 SL 28700

Page 9: Daily commodity report 13  may -2014 by epic research

YOUR MINTVISORY Call us at +91-731-6642300

13th MAY 2014

EPIC RESEARCH– ANALYST SPEAKS

SILVER

SILVER MCX Short term trend is DOWN,. Immediate support @ 41900. Immediate Resistance @ 42200. Today silver

MCX Closed @ 42086. Yesterday Intraday Range of SILVER MCX was 992. Open Interest was down –12.74 %, Volumes

were 20270 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 42200 TGTS 42400/42700 SL 41900

SELL SILVER(JULY) BELOW 41900 TGTS 41700/41400 SL 42200

Page 10: Daily commodity report 13  may -2014 by epic research

YOUR MINTVISORY Call us at +91-731-6642300

13th 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 @ 9610 & Immediate resistance @ 9715.

BUY DHANIYA JUN ABOVE 9715 TGTS 9745,9795 SL 9665

SELL DHANIYA JUN BELOW 9610 TGTS 9580,9530 SL 9660

RESISTANCE 2 9831.00

RESISTANCE 1 9629.00

PIVOT 9693.00

SUPPORT 1 9615.00

SUPPORT 2 9555.00

Page 11: Daily commodity report 13  may -2014 by epic research

YOUR MINTVISORY Call us at +91-731-6642300

13th 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 @ 5375 & immediate resistance @ 5490.

BUY GUARSEED JUN ABOVE 5490 TGTS 5520,5570 SL 5440

SELL GUARSEED JUN BELOW 5375 TGTS 5345,5295 SL 5415

RESISTANCE 2 5468.00

RESISTANCE 1 5577.00

PIVOT 5337.50

SUPPORT 1 5283.00

SUPPORT 2 5207.00

Page 12: Daily commodity report 13  may -2014 by epic research

YOUR MINTVISORY Call us at +91-731-6642300

13th MAY 2014

FRIDAY, MAY 9

TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS

07:00 AUD HOME LOANS (MOM) -0.9% 1.1% 2.3%

07:00 AUD HOUSE PRICE INDEX (QOQ) 1.7% 2.9% 3.8%

11:00 CNY CHINESE FIXED ASSET INVESTMENT (YOY) 17.7% 17.6%

11:00 CNY CHINESE INDUSTRIAL PRODUCTION (YOY) 8.9% 8.8%

14:30 EUR ZEW ECONOMIC SENTIMENT 63.5 61.5

14:30 EUR GERMAN ZEW CURRENT CONDITIONS 60.5 59.5

14:30 EUR GERMAN ZEW ECONOMIC SENTIMENT 41.0 43.2

18:00 USD CORE RETAIL SALES (MOM) 0.6% 0.7%

18:00 USD IMPORT PRICE INDEX (MOM) 0.3% 0.6%

18:00 USD RETAIL SALES (MOM) 0.4% 1.2%

19:30 USD BUSINESS INVENTORIES (MOM) 0.4% 0.4%

13:30 EUR ITALIAN CPI (YOY) 0.60%

13:30 EUR ITALIAN HICP (MOM) 0.60%

13:30 EUR ITALIAN HICP (YOY) 0.60%

TODAY’S ECONOMIC EVENTS

Page 13: Daily commodity report 13  may -2014 by epic research

YOUR MINTVISORY Call us at +91-731-6642300

13th MAY 2014

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