Daily commodity report 14 may -2014 by epic research
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14th MAY 2014
DAILY COMMODITY REPORT
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14th MAY 2014
COMMODITY CONTRACT OPEN PRICE HIGH LOW CLOSE PRICE OI (in lots)
GOLD 05-Jun-14 28590 28650 28432 28462 10121
SILVER 05-Jul-14 41980 42200 41750 41884 14100
CRUDEOIL 30-Jun-14 417.5 420.15 414.3 414.65 14264
NATURALGAS 19-May-14 6008 6060 6004 6030 6624
COPPER 30-May-14 126.6 127.4 125.3 125.4 2327
LEAD 30-May-14 1270 1278.9 1232.1 1244.1 10488
NICKEL 27-May-14 264.9 267.3 259.5 259.9 5427
ZINC 30-May-14 123.95 125.1 122.5 122.6 1727
ALUMINIUM 30-May-14 104.7 105.55 104.05 104.2 5809
DAILY MARKET WRAPUP
METAL TONNES IN STORAGE
ALUMINIUM -13875
COPPER -2350
LEAD 200
NICKEL 222
ZINC -2150
LME WAREHOUSE STOCKS ( 8-MAY- 2014)
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14th MAY 2014
COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT
CRUDE OIL (WTI) USD/BBL. 101.96 +0.26 +0.26% Jun 14
CRUDE OIL (BRENT) USD/BBL. 109.34 +0.10 +0.09% Jun 14
RBOB GASOLINE USD/GAL. 294.18 +1.16 +0.40% Jun 14
NYMEX NATURAL GAS USD/MMBTU 4.36 0.00 +0.07% Jun 14
NYMEX HEATING OIL USD/GAL. 294.76 +0.36 +0.12% Jun 14
COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT
COMEX GOLD USD/T OZ. 1,294.20 -0.60 -0.05% Jun 14
GOLD SPOT USD/T OZ. 1,295.75 +2.12 +0.16% N/A
COMEX SILVER USD/T OZ. 19.54 -0.01 -0.06% Jul 14
COMEX COPPER USD/LB. 312.75 -0.80 -0.26% Jul 14
PLATINUM SPOT USD/T OZ. 1,455.88 +1.57 +0.11% N/A
INTERNATIONAL MARKETS
ENERGY COMMODITY FUTURES
PRECIOUS AND INDUSTRY METALS
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14th MAY 2014
MOST ACTIVE CONTRACTS
Symbol Expiry Date LTP Value (In Lacs) Volume (In Lots)
NICKEL 30-05-2014 1243.80 10,93,69,821.60 87,932
SILVERMICRO 19-05-2014 6029.00 33,94,20,642.00 56,298
NICKELMINI 30-05-2014 1243.80 6,99,15,241.80 56,211
CRUDE OIL 30-06-2014 41909.00 2,26,68,57,810.00 54,090
SILVER M 27-05-2014 260.00 90,60,220.00 34,847
GOLD M 30-06-2014 41907.00 1,13,80,68,399.00 27,157
COPPER 30-06-2014 414.60 1,08,73,299.60 26,226
NATURAL GAS 30-06-2014 414.65 80,77,796.65 19,481
COPPERMINI 30-05-2014 125.45 20,07,450.90 16,002
SILVER 05-07-2014 41869.00 64,33,59,054.00 15,366
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14th 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
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14th MAY 2014
SPECIAL NEWS
The volume of total retail sales in New Zealand gained a
seasonally adjusted 0.7 percent on quarter in the first quar-
ter of 2014, Statistics New Zealand said on Wednesday.
That followed the upwardly revised gain of 1.4 percent in
the fourth quarter (originally 1.2 percent). The industries
with the largest increases in March were: electrical and
electronic goods retailing, up 5.5 percent; hardware, build-
ing, and garden supplies retailing, up 2.0 percent; and food
and beverage services, up 1.5 percent. The volume of sales
in the core retailing industries (which excludes the vehicle-
related industries) added 0.8 percent.
US Labor Department released a report on Tuesday show-
ing an unexpected decrease in U.S. import prices in the
month of April, with prices for fuel imports showing a no-
table pullback. The Labor Department said import prices
fell by 0.4 percent in April following a 0.4 percent advance
in March. Declining fuel prices drove the decrease in im-
port prices, with fuel import prices tumbling by 1.7 percent
in April after rising by 0.6 percent in March. The pullback
reflected falling prices for both petroleum and natural gas.
COMMODITY BUZZ
MCX Crude oil futures are trading with sizable gains to-
day as a break above Rs 6000 per barrel mark triggered
heavy buying. Global prices also rallied as Ukraine con-
flict boosted the sentiments. WTI Crude had remained
little changed last night but is pushing higher today.
The counter quotes at $101.25 per barrel, up 66 cents
per barrel on the day. MCX Crude oil futures are trad-
ing at Rs 6039 per barrel on the day, up Rs 46 per barrel
on the day with a massive 56% of increase in the open
interest. However, oil could face some upside pressure
as markets wait for the keenly watched weekly inven-
tories data from the US department of energy. The
American Petroleum Institute released its weekly oil
report, which showed US crude inventories to have sur-
prisingly declined by 1.8 million barrels in the week
ended May 2.
The profit booking has chipped in Copper after it was
looking that the benchmark contract will show more
spikes. MCX Copper was trading at Rs 416 per kg, down
0.42%. The prices tested a high of Rs 420.15 per kg. in a
separate report, Brazilian Vale said nickel prices are ex-
pected to strengthen following Indonesia's export ban
on ore.
COMMODITY BUZZ AND ECONOMIC EVENTS
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14th MAY 2014
EPIC RESEARCH– ANALYST SPEAKS
GOLD
GOLD MCX Short term trend is DOWN,. Immediate support @ 28450. Immediate Resistance @ 28680 Today GOLD MCX
Closed @ 28474. Yesterday Intraday Range of GOLD MCX was 194. Open Interest was down +3.52 %, Volumes were
10460 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 28450 TGTS 28370/28270 SL 28550
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14th MAY 2014
EPIC RESEARCH– ANALYST SPEAKS
SILVER
SILVER MCX Short term trend is DOWN,. Immediate support @ 41750. Immediate Resistance @ 42200. Today silver
MCX Closed @ 41899. Yesterday Intraday Range of SILVER MCX was 450. Open Interest was down +4.34 %, Volumes
were 14530 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 41750 TGTS 41550/41150 SL 42050
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14th MAY 2014
EPIC RESEARCH– ANALYST SPEAKS
DHANIYA
Dhaniya daily chart,price consolidate in a range, our expectation is price may go down rend is bullish. momentum indicator
RSI is in mid range Immediate support @ 9645 & Immediate resistance @ 9700.
BUY DHANIYA JUN ABOVE 9700 TGTS 9730,9780 SL 9650
SELL DHANIYA JUNE BELOW 9645 TGTS 9615,9565 SL 9695
RESISTANCE 2 9790
RESISTANCE 1 9629
PIVOT 9682
SUPPORT 1 9612
SUPPORT 2 9574
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14th 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 @ 5355 & immediate resistance @ 5450..
BUY GUARSEED JUN ABOVE 5450 TGTS 5480,5530 SL 5400
SELL GUARSEED JUN BELOW 5355 TGTS 5325,5275 SL 5405
RESISTANCE 2 5478
RESISTANCE 1 5422
PIVOT 5388
SUPPORT 1 5332
SUPPORT 2 5298
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14th MAY 2014
WEDNESDAY, MAY 14
TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS
04:30 GBP CLAIMANT COUNT CHANGE -30.0K -30.4K
05:30 GBP BOE GOV CARNEY SPEAKS
05:30 GBP BOE INFLATION REPORT
08:30 USD PPI (MOM) 0.2% 0.5%
TODAY’S ECONOMIC EVENTS
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14th MAY 2014
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