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DAILY COMMODITY REPORT 22th MAY 2014

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DAILY MARKET WRAPUP 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

LME WAREHOUSE STOCKS ( 21-MAY- 2014)

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METAL

TONNES IN STORAGE

ALUMINIUM

-9775

COPPER

-1725

LEAD

200

NICKEL

-882

ZINC

-3800

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INTERNATIONAL MARKETS 22th MAY 2014

PRECIOUS AND INDUSTRY METALS 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

ENERGY COMMODITY FUTURES 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

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MOST ACTIVE CONTRACTS 22th MAY 2014

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

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INTRADAY SUPPORT AND RESISTANCE 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

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TODAY,S COMMODITY NEWS 22th MAY 2014

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

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COMMODITY BUZZ AND ECONOMIC EVENTS 22th MAY 2014

COMMODITY BUZZ

SPECIAL NEWS 

Japanese manufacturing activity came in with a seasonally ad-

justed score of 49.9 in May, Markit Economics said on Thursday

the prices have started to turn red in the evening trades on

- touching a two-month high. That's up from 49.4 in April, al-

MCX. The benchmark metal is likely to see some more losses

though it remains just below the mark of 50 that separates ex-

in the coming days on the back of fears of the growth declines

pansion from contraction. Among the individual components of

in China.

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

Copper imports for the month of April 2014. According to the

slower rate, as did the indexes for quantity of purchases. New

preliminary data from the General Administration of Customs,

export orders continued to decline at a faster rate, as did back-

total unwrought Copper product imports were 449000 tonnes,

logs of work. Output prices slipped into contraction from ex-

up from 420000 tonnes in the month of March 2014, up 6.9%.

pansion. China manufacturing activity came in with a score of 49.7 in

China reported a decline in the manufacturing numbers. .China has reported a monthly increase in the unwrought

month. The index for new orders continued to contract but at a

Copper has started to show vulnerability against the rise and

MCX Gold futures slipped as the COMEX gold futures reverted

May, the latest flash estimate from HSBC and Markit Economics

to losses ahead of the release the minutes of FOMC meeting in

revealed on Thursday, up sharply from 48.1 in April - and while

April.. Failure of the metal to hold above $1300 per ounce lev-

it does remain below the line of 50 that separates expansion

els in a convincing manner is hurting the sentiments. The

from contraction, the May reading represents a five-month

global prices dropped yesterday on worries over Indian de-

high. Among the individual components of the survey, the in-

mand and the persistent strength in the US dollar. Gold de-

dex for manufacturing output came in at 50.3 - up from 47.9 in

mand in India fell by a fourth to 190.3 tonnes in the quarter to

April to a four-month high. .

March due to the curbs and have sent local premiums to record highs, WGC said in its quarterly report on Tuesday.

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EPIC RESEARCH– ANALYST SPEAKS 22th MAY 2014

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

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EPIC RESEARCH– ANALYST SPEAKS 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 %, Volumes 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

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EPIC RESEARCH– ANALYST SPEAKS 22th MAY 2014

DHANIYA

RESISTANCE 2

9664

RESISTANCE 1

9629

PIVOT

9396

SUPPORT 1

9232

SUPPORT 2

9128

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

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EPIC RESEARCH– ANALYST SPEAKS 22th MAY 2014

GUARSEED RESISTANCE 2

5358

RESISTANCE 1

5375

PIVOT

5198

SUPPORT 1

5112

SUPPORT 2

5038

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

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TODAY’S ECONOMIC EVENTS 22th MAY 2014

THURSDAY, MAY 22

TIME

COUNTRY

EVENT

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

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Daily commodity trading market report 22 may 2014by epic research