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DAILY COMMODITY REPORT 29th MAY 2014

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DAILY MARKET WRAPUP 29th MAY 2014 COMMODITY

CONTRACT

OPEN PRICE

HIGH

LOW

CLOSE PRICE

OI (in lots)

GOLD

5-Jun-14

26937

26970

26735

26834

6276

SILVER

5-Jul-14

40440

40590

40000

40202

12788

COPPER

30-Jun-14

416

417.6

414.55

414.95

14996

CRUDEOIL

19-Jun-14

6155

6179

6101

6112

8905

LEAD

30-May-14

125.3

125.7

123.8

124.35

2206

NICKEL

30-May-14

1161.6

1169

1131.7

1136.3

6136

NATURALGAS

25-Jun-14

266

272.9

265.3

272.1

7040

ZINC

30-May-14

123.3

123.8

122

122.4

1332

ALUMINIUM

30-May-14

105.75

106.65

105.5

106.5

3277

LME WAREHOUSE STOCKS ( 28-MAY- 2014)

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METAL

TONNES IN STORAGE

ALUMINIUM

-13625

COPPER

-6725

LEAD

-550

NICKEL

216

ZINC

-4250

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INTERNATIONAL MARKETS 29th MAY 2014

PRECIOUS AND INDUSTRY METALS COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

COMEX GOLD

USD/t oz.

1,257.30

-2.40

-0.19%

Aug 14

GOLD SPOT

USD/t oz.

1,257.61

-0.53

-0.04%

N/A

COMEX SILVER

USD/t oz.

19.03

-0.03

-0.15%

Jul 14

COMEX COPPER

USd/lb.

316.45

-0.90

-0.28%

Jul 14

PLATINUM SPOT

USD/t oz.

1,457.75

+5.12

+0.35%

N/A

ENERGY COMMODITY FUTURES COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

CRUDE OIL (WTI)

USD/bbl.

102.96

+0.24

+0.23%

Jul 14

CRUDE OIL (BRENT)

USD/bbl.

109.92

+0.11

+0.10%

Jul 14

RBOB GASOLINE

USd/gal.

300.64

+0.05

+0.02%

Jun 14

NYMEX NATURAL GAS

USD/MMBtu

4.62

0.00

+0.09%

Jul 14

NYMEX HEATING OIL

USd/gal.

293.34

+0.28

+0.10%

Jun 14

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MOST ACTIVE CONTRACTS 29th MAY 2014

Symbol

Expiry Date

LTP

Value (In Lacs)

Volume (In Lots)

SILVERMICRO

30-06-2014

40221.00

2,50,08,61,338.00

62,178

CRUDE OIL

19-06-2014

6115.00

28,99,54,955.00

47,417

NATURAL GAS

25-06-2014

272.00

97,64,800.00

35,900

SILVER M

30-06-2014

40219.00

1,22,43,06,579.00

30,441

NICKEL

30-05-2014

1137.70

3,18,29,432.90

27,977

COPPER

30-06-2014

415.05

84,33,816.00

20,320

SILVER

05-07-2014

40199.00

78,22,72,540.00

19,460

NICKELMINI

30-05-2014

1137.80

2,04,91,778.00

18,010

COPPERMINI

30-06-2014

415.10

65,77,259.50

15,845

GOLD

05-06-2014

26845.00

38,52,79,440.00

14,352

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INTRADAY SUPPORT AND RESISTANCE 29th MAY 2014

COMMODITY

EXPIRY

SUP.2

SUP.1

PIVOT

RES.1

RES.2

ALUMINIUM

30-May

105.07

105.78

106.22

106.93

107.37

COPPER

30-Jun

412.65

413.80

415.70

416.85

418.75

CRUDEOIL

19-Jun

6053

6082

6131

6160

6209

GOLD

5-Jun

26611

26723

26846

26958

27081

LEAD

30-May

122.72

123.53

124.62

125.43

126.52

NATURALGAS

25-Jun

262.50

267.30

270.10

274.90

277.70

NICKEL

30-May

1108.4

1122.3

1145.7

1159.6

1183.0

SILVER

5-Jul

39674

39938

40264

40528

40854

ZINC

30-May

120.93

121.67

122.73

123.47

124.53

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TODAY,S COMMODITY NEWS 29th MAY 2014

COMMODITY HEADLINES 

Move to ease gold import norms unlikely to widen CAD.

Silver futures down 0.19% on global cues

Silver down 0.3% on global cues.

Copper up 0.2% on global cues

Nickel up 0.1% on rising demand, global cues.

Nickel up 0.62% as demand picks up.

Crude oil futures down 0.28% on weak Asian cues.

Crude prices up after escalation in Ukraine crisis

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COMMODITY BUZZ AND ECONOMIC EVENTS 29th MAY 2014

COMMODITY BUZZ

SPECIAL NEWS 

Japan's retail sales dropped 4.4 percent on year in April, the

Gold futures traded with steady note after yesterday's heavy

Ministry of Economy, Trade and Industry said on Thursday,

sell off. Gold traded very cautiously today ahead of the US

coming in at 11.011 trillion yen, following the 11.0 percent

GDP and Job market data release later this week. Gold tum-

spike in the previous month. Sales from large retailers dropped

bled last night on upbeat US economic data and Easing ten-

6.8 percent on year to 1.467 trillion yen, following the 16.1 per-

sions in Ukraine.

cent surge a month earlier. Commercial sales were down 3.9 percent on year to 36.821 trillion yen, following the 8.5 percent

jump in the previous month. Wholesale sales dipped an annual 3.7 percent to 25.810 trillion yen - down sharply from the 7.5 percent jump a month prior. On a seasonally adjusted monthly basis, retail sales tumbled 13.7 percent, following the upwardly revised 6.4 percent gain in March .

MCX Crude oil futures remain supported on firm global cues as equities mostly held ground in Asia and Europe. The WTI Crude oil futures are trading at $104.29 per barrel, up 18 cents per barrel on the day. The counter has stayed supported last night following upbeat moves in the US stock markets and a strong set of economic releases. MCX Crude oil futures eased from highs near Rs 6200 per barrel yesterday but quote affirmatively right now, lingering at Rs 6157 per barrel, up Rs 10

The European Commission updated today that the business cli-

per barrel on the day .

mate indicator (BCI) for the euro area increased slightly by 0.09 points to +0.37 level during May 2014. The Economic Sentiment Indicator (ESI) in the euro area rose by 0.7 points to 102.7 in May, following its almost tantamount decrease in April. In the EU, the headline indicator remained broadly stable (+0.2 points at 106.5). The consumer confidence improved to -7.1 levels from -8.6 in the previous month .

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EPIC RESEARCH– ANALYST SPEAKS 29th MAY 2014

GOLD

GOLD MCX Short term trend is down, Today GOLD MCX Closed @ 26834. Yesterday Intraday Range of GOLD MCX was .235 Open Interest was doen –3.10 %, Volumes were 13631 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements.

BUY GOLD ABOVE 26900 TGT 26980,27080 SL BELOW 26800 SELL GOLD BELOW 26730 TGT 26650,26550 SL ABOVE 26830

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EPIC RESEARCH– ANALYST SPEAKS 29th MAY 2014

SILVER

SILVER MCX Short term trend is down, Today SILVER MCX Closed @ 40202. Yesterday Intraday Range of SILVER MCX was 590 .Open Interest was up +0.54 %, Volumes were 18474 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements.

BUY SILVER ABOVE 40300 TGT 40500,40800 SL BELOW 40000 SELL SILVER BELOW 40000 TGT 39800,39500 SL ABOVE 40300

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TODAY’S ECONOMIC EVENTS 29th MAY 2014

THURSDAY, MAY 29

TIME

COUNTRY

EVENT

All Day

Holiday

INDONESIA - ASCENSION DAY

-

-

-

All Day

Holiday

NORWAY - ASCENSION DAY

-

-

-

All Day

Holiday

SWITZERLAND - ASCENSION DAY

-

-

-

18:00

USD

GDP (QOQ)

-

-0.5%

0.1%

19:30

USD

PENDING HOME SALES (MOM)

-

1.0%

3.4%

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ACTUAL FORECAST PREVIOUS

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Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility.

The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE.

The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for. Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks.

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Daily commodity trdaing market report 29 may 2014 by epic reserach