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DAILY COMMODITY REPORT 2nd JUN 2014

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DAILY MARKET WRAPUP 2nd JUN 2014 COMMODITY

CONTRACT

OPEN PRICE

HIGH

LOW

CLOSE PRICE

OI (in lots)

GOLD

5-Jun-14

26816

26910

26709

26863

1558

SILVER

5-Jul-14

39935

40190

39517

39586

13112

COPPER

30-Jun-14

410.1

413.8

409.7

410.8

15196

CRUDEOIL

19-Jun-14

6107

6115

6077

6106

8063

LEAD

30-Jun-14

124.15

124.9

123.5

123.75

1793

NICKEL

30-Jun-14

1119

1148

1110.9

1144.6

5548

NATURALGAS

25-Jun-14

271

272.5

266.3

271.2

6540

ZINC

30-Jun-14

122

122.55

121

122.1

1640

ALUMINIUM

30-Jun-14

107.4

109.1

107.25

108.05

3135

LME WAREHOUSE STOCKS ( 30-MAY- 2014)

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METAL

TONNES IN STORAGE

ALUMINIUM

-4750

COPPER

-1150

LEAD

-375

NICKEL

+774

ZINC

-7700

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INTERNATIONAL MARKETS 2nd JUN 2014

PRECIOUS AND INDUSTRY METALS COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

COMEX Gold

USD/t oz.

1,247.70

+1.70

+0.14%

Aug 14

Gold Spot

USD/t oz.

1,247.46

-2.22

-0.18%

N/A

COMEX Silver

USD/t oz.

18.76

+0.08

+0.42%

Jul 14

COMEX Copper

USd/lb.

314.60

+2.25

+0.72%

Jul 14

Platinum Spot

USD/t oz.

1,449.00

-2.94

-0.20%

N/A

ENERGY COMMODITY FUTURES COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

Crude Oil (WTI)

USD/bbl.

103.16

+0.45

+0.44%

Jul 14

Crude Oil (Brent)

USD/bbl.

109.75

+0.34

+0.31%

Jul 14

RBOB Gasoline

USd/gal.

299.80

+0.15

+0.05%

Jul 14

NYMEX Natural Gas

USD/MMBtu

4.57

+0.03

+0.66%

Jul 14

NYMEX Heating Oil

USd/gal.

289.57

+0.75

+0.26%

Jul 14

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MOST ACTIVE CONTRACTS 2nd JUN 2014

Symbol

Expiry Date

LTP

Value (In Lacs)

Volume (In Lots)

SILVERMICRO

30-06-2014

39562.00

2,75,13,78,852.00

69,546

NATURAL GAS

25-06-2014

271.10

1,09,12,317.20

40,252

CRUDE OIL

19-06-2014

6106.00

23,85,24,784.00

39,064

SILVER M

30-06-2014

39570.00

1,45,76,79,660.00

36,838

COPPER

30-06-2014

410.60

1,03,47,530.60

25,201

NICKEL

30-06-2014

1143.40

2,60,18,067.00

22,755

SILVER

05-07-2014

39544.00

87,39,22,400.00

22,100

COPPERMINI

30-06-2014

410.60

72,99,646.80

17,778

NICKELMINI

30-06-2014

1143.20

1,74,41,802.40

15,257

GOLD M

05-06-2014

27180.00

30,36,82,140.00

11,173

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INTRADAY SUPPORT AND RESISTANCE 2nd JUN 2014

COMMODITY

EXPIRY

SUP.2

SUP.1

PIVOT

RES.1

RES.2

ALUMINIUM

30-Jun

106.28

107.17

108.13

109.02

109.98

COPPER

30-Jun

407.33

409.07

411.43

413.17

415.53

CRUDEOIL

19-Jun

6061

6084

6099

6122

6137

GOLD

5-Aug

25660

25771

25880

25991

26100

LEAD

30-Jun

122.65

123.20

124.05

124.60

125.45

NATURALGAS

25-Jun

263.80

267.50

270.00

273.70

276.20

NICKEL

30-Jun

1097.4

1121.0

1134.5

1158.1

1171.6

SILVER

5-Jul

39091

39339

39764

40012

40437

ZINC

30-Jun

120.33

121.22

121.88

122.77

123.43

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TODAY,S COMMODITY NEWS 2nd JUN 2014

COMMODITY HEADLINES 

Gold skids below Rs 27,000 mark as demand wanes.

Silver down 0.5% on global cues.

Gold dips to Rs 27,700/10g on weak global cues

Nickel down 1.7% on global cues, subdued demand.

Zinc down 0.7% on subdued spot demand.

Lead down 0.6% on subdued spot demand, overseas trend.

Copper down 0.4% on weak global cues, subdued demand

Crude prices up after escalation in Ukraine crisis

Crude oil up over 1% on overseas cues

Crude oil futures down 0.28% on weak Asian cues

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COMMODITY BUZZ AND ECONOMIC EVENTS 2nd JUN 2014

COMMODITY BUZZ

SPECIAL NEWS 

US First Quarter Growth Downgrades 1% - As per the second esti-

mates of first quarter economic growth released by Bureau of Eco-

the last two trading days. The counter fell well below the lower

nomic Analysis, the US economy growth decreased at an annual rate

Bollinger Bands on the daily chart, eventually bottoming out at

of 1.0 percent, down from 0.1 percent positive growth reported in

26560 per 10 grams. The counter could see some selling pressure in

the first advance estimates. The real GDP increased 2.6 percent dur-

today's session with highs towards Rs 27100 keeping the upside lim-

ing the fourth quarter. The decrease in real GDP in the first quarter

ited. Downside supports could emerge around Rs 26580-26600 lev-

primarily reflected negative contributions from private inventory in-

els.

vestment, exports, nonresidential fixed investment, state and local government spending, and residential fixed investment that were

0.96% in the last trading. Copper prices are trades below its crucial

expenditures. Imports, which are a subtraction in the calculation of

supports of Rs 410.95 per kg indicating further selling is possible in

GDP, increased.

the near term. Now, fresh rallies will be focused towards 414 - 415

Japan Industrial Production Dips 2.5% In April — Japan industrial

levels. The fall in the metal has been due to rise in the open inter-

output fell 2.5 percent on month in April, the Ministry of Economy,

est, indicating fresh short positions. Relative Strength Index is at 47,

Trade and Industry said on Friday, following the 0.7 percent increase

witnessing strong bearish trend in the near term.

in March. On a yearly basis, industrial production added 4.1 percent, down from 7.4 percent in the previous month. Upon the release of

Weakness is likely to persist in copper on the back of profit booking. The prices of MCX Copper closed at Rs 410.95 per kg, down

partly offset by a positive contribution from personal consumption

MCX Gold futures are trying to recover from a massive sell off in

Crude Oil surprised the traders with sharp gains from lower levels

the data, the METI downgraded its assessment of output, saying that

that were backed by increase in volumes and slice in the short posi-

industrial production appears to be flat. The METI had previous held

tions. The prices of MCX Crude Oil managed to consolidate its posi-

that output had been showing an upward movement. Industries that

tion and also kept above Rs 6100. The lows for the day were at Rs

mainly contributed to the decrease included transport equipment,

6031 per barrel while highs were at Rs 6055 per barrel. The prices

electronic parts and chemicals.

closed near to the intraday highs at Rs 6139 per barrel. For the coming days it is expected that the benchmark contract is likely to move above Rs 6180 per barrel.

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EPIC RESEARCH– ANALYST SPEAKS 2nd JUN 2014

GOLD

No major movement seen in MCX Gold on Friday. Price had taken resistance at 26560, closed at 26899. As price has recovered we expect it can go more high up to 27200. On the other hand in selling side below 26500 level will take price to new bottom at 26200-26000 levels.

BUY GOLD ABOVE 27000 TGT 27080,27180 SL BELOW 26900 SELL GOLD BELOW 26700 TGT 26620,26520 SL ABOVE 26800

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EPIC RESEARCH– ANALYST SPEAKS 2nd JUN 2014

SILVER

MCX Silver closed at 39621 on Friday. MCX Silver seems more under pressure than Gold made fresh low of 39517. Price may take support at 39500 level and we expect at may recover up to 40500 level, on the selling side below 39500 level, will take price to next support level at 38600 level soon. BUY SILVER ABOVE 39800 TGT 40000,40300 SL BELOW 39500 SELL SILVER BELOW 39500 TGT 39300,39000 SL ABOVE 39800

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TODAY’S ECONOMIC EVENTS 2nd JUN 2014

MONDAY, JUN 02 TIME

COUNTRY

EVENT

All Day

Holiday

HONG KONG - TUEN NG DAY

All Day

Holiday

CHINA - DRAGON BOAT FESTIVAL

All Day

Holiday

NEW ZEALAND - QUEEN'S BIRTHDAY

03:55

EUR

GERMAN MANUFACTURING PMI

52.9

52.9

04:30

GBP

MANUFACTURING PMI

57.0

57.3

10:00

USD

ISM MANUFACTURING PMI

55.5

54.9

21:30

AUD

RETAIL SALES (MOM)

0.2%

0.1%

21:45

CNY

CHINESE HSBC MANUFACTURING PMI

49.7

49.7

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ACTUAL FORECAST PREVIOUS

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Daily commodity trading market research report 02 jun 2014 by epic research