Commodity report ways2capital 27 june 2016

✍ MCX DAILY LEVELS DAILY

EXPIRY DATE

R4

R3

R2

R1

PP

S1

S2

S3

S4

ALUMINIUM

29 JUL 2016

113.95

112.55

111.15

110.50

109.75

109.10

108.35

106.95

105.55

COPPER

31 AUG 2016

339.50

333.50

327..50

325

321.50

319

315.50

309.50

303.50

CRUDE OIL

19 JUL 2016

3739

3585

3431

3348

3277

3194

3123

2969

2815

GOLD

05AUG 2016

36830

34925

33020

32210

31115

30305

29210

27305

25400

LEAD

29 JUL 2016

121.15

119.60

118.05

117.40

116.50

115.90

114.95

113.40

111.85

NATURALGAS

26 JUL 2016

197

192.90

188.80

186.70

184.70

182.60

180.60

176.50

172.40

NICKEL

29 JUL 2016

663.80

646.80

629.80

622.20

612.80

605.20

595.80

578.80

561.80

SILVER

05 JUL 2016

46100

44859

43618

43005

42377

41764

41136

39895

38654

ZINC

29 JUL 2016

144.70

141.95

139.20

138.25

136.45

135.50

133.70

130.95

128.20

✍ MCX WEEKLY LEVELS WEEKLY

EXPIRY

R4

R3

R2

R1

PP

S1

S2

S3

S4

ALUMINIUM

29 JUL 2016

115.60

113.70

111.80

110.85

109.90

108.95

108

106.10

104.20

COPPER

31 AUG 2016

363.40

349.10

334.70

328.60

320.40

314.30

306

291.70

277.30

CRUDE OIL

19 JUL 2016

3956

3737

3518

3392

3299

3173

3080

2861

2642

GOLD

05AUG 2016

37278

35205

33132

32266

31059

30193

28986

26913

24840

LEAD

29 JUL 2016

123.50

121.20

119

117.90

116.70

115.65

114.50

112.20

110

NATURALGAS

26 JUL 2016

219.10

207.80

196.50

190.60

185.20

179.30

173.90

162.60

151.30

NICKEL

29 JUL 2016

703.80

674.80

645.80

630.20

616.80

601.20

587.80

558.80

529.80

SILVER

05 JUL 2016

48514

46435

44356

43644

42277

41565

40198

38119

36040

ZINC

29 JUL 2016

152.60

147.25

141.90

139.60

136.55

134.25

131.20

125.85

120.50

Monday, 27 June 2016

WEEKLY MCX CALL BUY ZINC JUL ABOVE 137.50 TGT 140.50 SL 134.50 PREVIOUS WEEK CALL SELL GOLD AUG BELOW 30000 TGT 29700 SL 30300 - MADE LOW OF 30852 BUY COPPER JUN ABOVE 316 TGT 325 SL 309 - MADE HIGH OF 319.50

✍ FOREX DAILY LEVELS DAILY

EXPIRY DATE

R4

R3

R2

R1

PP

S1

S2

S3

S4

USDINR

27 JUL 2016

70.25

69.60

68.95

68.65

68.30

68

67.65

67

66.35

EURINR

27 JUL 2016

79.80

78.40

77.05

76.35

75.70

75

74.30

72.95

71.55

GBPINR

27 JUL 2016

106.7 0

102.30

97.85

95.85

93.45

91.45

89

84.60

80.20

JPYINR

27 JUL 2016

77.95

74.40

70.90

68.85

67.40

65.35

63.85

60.35

56.80

✍ FOREX WEEKLY LEVELS DAILY

EXPIRY DATE

R4

R3

R2

R1

PP

S1

S2

S3

S4

USDINR

27 JUL 2016

71.2 0

70.20

69.20

68.75

68.15

67.75

67.15

66.15

65.15

EURINR

27 JUL 2016

83.4 0

80.95

78.50

77.10

76.05

74.65

73.60

71.15

68.70

GBPINR

27 JUL 2016

124.

70

114.90

105.05

99.45

95.25

89.65

85.40

75.60

65.75

JPYINR

27 JUL 2016

83.1 5

77.65

72.20

69.50

66.75

64.05

61.25

55.80

50.35

WEEKLY FOREX CALL SELL USDINR JUL BELOW 67.88 TGT 67.30 SL 68.51 PREVIOUS WEEK CALL BUY EURINR JUN ABOVE 76.15 TGT 76.65 SL 75.64 - TGT ACHEIVED BUY GBPINR JUN ABOVE 96.32 TGT 96.92 SL 95.59 - TGT ACHEIVED

✍NCDEX DAILY LEVELS DAILY

EXPIRY DATE

R4

R3

R2

R1

PP

S1

S2

S3

S4

SYOREFIDR

20 JUL 2016

663

656

649

646

642

639

635

628

621

SYBEANIDR

20 JUL 2016

4020

3950

3880

3842

3810

3772

3740

3670

3600

RMSEED

20 JUL 2016

4868

4813

4758

4729

4703

4674

4648

4593

4538

JEERAUNJHA

20 JUL 2016

18415

18145

17915

17775

17660

17520

17415

17165

16915

TMC

20 JUL 2016

8350

8300

8300

8250

8200

8150

8100

8050

8000

GUARSEED

20 JUL 2016

3170

3145

3125

3105

3090

3070

3050

3030

3000

✍NCDEX WEEKLY LEVELS WEEKLY

EXPIRY DATE

R4

R3

R2

R1

PP

S1

S2

S3

S4

SYOREFIDR

20 JUL 2016

672

662

652

647

642

637

632

622

612

SYBEANIDR

20 JUL 2016

4100

4006

3912

3858

3818

3764

3724

3630

3536

RMSEED

20 JUL 2016

5117

4983

4849

4774

4715

4640

4581

4447

4313

JEERAUNJHA

20 JUL 2016

20015

19175

18335

17985

17490

17145

16650

15815

14970

TMC

20 JUL 2016

9000

8800

8600

8400

8200

8000

7800

7600

7400

GUARSEED

20 JUL 2016

3500

3400

3300

3200

3080

2980

2880

2770

2650

WEEKLY NCDEX CALL SELL GUARSEED JUL BELOW 3050 TGT 2950 SL 3151 PREIOUS WEEEK CALL SELL SOYABEAN JUL BELOW 3835 TGT 3735 SL 3952 BUY JEERA JUL AOVE 17500 TGT 17900 SL 17000

MCX - WEEKLY NEWS LETTERS ✍BULLION Bullion extended losses after U.S. Federal Reserve Chair Janet Yellen said global risks and a U.S. hiring slowdown warrant a cautious approach to raising interest rates. However, surprising results from Brexit that it will leave the EU block led the rally in gold prices last week.Over the week, prices fell to a two-week low as the last sweep of opinion polls before Britain's referendum on EU membership began gave the campaign to stay in the bloc a slight edge. Polls by ComRes, conducted for the Daily Mail newspaper and ITV television, and by YouGov for The Times newspaper in London, showed a last-minute rise in support for Britain to remain in the EU.Gold soared to its highest in more than two years after Britain delivered a shock vote to leave the European Union, sending investors scurrying for protection in bullion and other assets perceived as lower risk. In sterling terms, gold delivered double-digit percentage gains to top 1,000 pounds an ounce for the first time in more than three years, rallying as much as 21 percent in early trade, while euro-priced gold rose as much as 13 percent.

CME raises COMEX 100 gold futures (GC) initial margins for speculators by 22.2 percent to $6,050 per contract from $4,950. COMEX gold futures volume exceeded 576,850 contracts, their second highest on record.

This represents 57.7 million ounces worth about $76.3 billion. Britain's vote to leave the European Union forced the resignation of Prime Minister David Cameron and dealt the biggest blow to the European project of greater unity since World War Two. The Bank of England said it would take all necessary steps to shield Britain's economy from the shock decision, having "undertaken extensive contingency planning" for the vote. Gold dealers in London reported surging demand for coins and bars, with some saying stocks were tight, after a shock vote for Britain to leave the European Union sent financial markets into meltdown and drove the pound lower.

Gold sales in London picked up earlier this month after polls first began to suggest that the Leave campaign had edged into the lead.

The U.K. voted by a substantial margin to leave the EU in a landmark referendum, with the Leave side winning 52% of the vote, against 48% to remain.Silver settled up 2.92% at 42392 as the U.K.’s surprise decision to leave the European Union in a landmark referendum continued to boost safe-haven demand.The Bank of England said Friday it would take all necessary steps to secure monetary and financial stability after the shock Brexit result.The Bank of England is monitoring developments closely," it said in a statement. "It has undertaken extensive contingency planning and is working closely with HM Treasury, other domestic authorities and overseas central banks." U.S. orders for long lasting manufactured goods fell more than forecast in May, while core orders unexpectedly declined, according to official data showed. Total durable goods orders, which include transportation items, fell 2.2% last month, the Commerce Department said, compared to expectations for an decline of 0.5%. April's orders were revised down to show an increase of 3.3% from a previously reported 3.4% advance. Durable goods are typically bulky or heavy manufactured products designed to last at least three years.

✍ENERGY Crude prices had settled 2 percent higher after a volatile session, with investors less worried about prospects for the global economy on the growing view that Britain would remain in the EU. The world's largest oil exporter and OPEC heavyweight produced 10.262 million bpd in April, compared with 10.224 million bpd a month earlier, the data showed. Potentially adding to supply, Iran has increased its crude exports capacity at its main terminal on Kharg Island to allow eight tankers to load simultaneously. Brexit referendum came out with Britain leaving the EU which resulted in the fall in oil prices last Friday by more than 6 percent. Financial markets have been worried for months about what a British exit from the European Union, dubbed widely as 'Brexit,' would mean for Europe's future, but were clearly not fully factoring in the risk of a 'leave' vote. As the Leave campaign

took a resounding lead in the wee hours of Friday morning, both the international and U.S. benchmarks of crude tumbled more than 6%, falling to their lowest levels since mid-May. With the considerable losses, the front month contract for crude erased all of their gains from the last week when they surged more than $4 a barrel.

U.K. Prime Minister David Cameron announced intentions to step down by October after polls showed that the Exit camp prevailed by a 52-48% margin. Russian Energy Ministry expects oil price volatility to increase in the short term after Britain's vote in favor of leaving the European Union, RIA news agency quoted Russian First Deputy Energy Minister Alexei Texler as saying on Friday. Elsewhere, oil services firm Baker Hughes said in its weekly rig count report that U.S. oil rigs fell by seven to 330, marking its first decline in four weeks

✍BASE METAL Copper closed down by -1.28% at 317.3 as concerns about economic growth rose after Britain voted to leave the European Union and the dollar soared. But the moves were not as strong as in other commodities, partly due to the key role of China, the world's biggest metals consumer. Highlighting the impact that stimulus has had on the Chinese economy, a survey showed business confidence among entrepreneurs in China has picked up for the first time in more than two years in the second quarter of 2016. The UK vote to leave the EU forced the resignation of Prime Minister David Cameron as world stocks headed for one of the biggest slumps on record.

The drop in copper erased most of a weekly advance that had been sparked by a fall in the dollar as expectations grew that the U.S. would delay its next interest rate increase after its economy stumbled in the first quarter. In the wake of the Brexit vote, the dollar index surged 2.5 percent to the highest level in more than three months, making commodities priced in the greenback more expensive for buyers using other currencies. Copper at one point saw its biggest daily slide since July last year, after hitting its highest since May 6 on Thursday at $4,795.

Zambia’s copper production will double in 2017 from a projected level of as much as 750,000 metric tons this year, the mines minister of Africa’s second-biggest producer of the metal.LME Copper prices gained the most among base metals, by 1.2 percent last week to close at $4698 per tonne owing to high anticipation that the Britons will vote "REMAIN" in the EU. Further, bets for fewer rate hikes in the US rose after the International Monetary Fund cut its forecast for U.S. growth this year to 2.2 percent from 2.4 percent in April, adding that Fed should proceed on a "very gradual" path in raising its benchmark rate.

✍ NCDEX - WEEKLY NEWS LETTERS ✍COOKING OIL PRICE UPDATE Prices of cooking oils produced in India such as mustard oil, groundnut oil and cottonseed oil have gone up 56% in the past fortnight amid supply constraints. Consumers can heave a sigh of relief, though, since palm oil has become 7.5% cheaper during this period due to increase in production in Malaysia and Indonesia. "Production of mustard, groundnut and cottonseed suffered in both kharif and rabi seasons due to erratic weather conditions," said Sandeep Bajoria, CEO of oil consultancy firm Sunvin Group. "Moreover, since monsoon has been delayed by a week this year, the market sentiment has firmed, which is reflected in prices," he saidThe arrival of the south-west monsoon has kick-started seasonal farming activity, with farmers taking up sowing of key kharif crops such as rice, pulses, oilseeds and cotton in several states. According to the preliminary data put out by the agriculture ministry, sowing of kharif crops was complete on about 71.24 lakh hectares on June 10, about 7% lower than last year's acreage of 76.65 lakh hectares. Analysts said that prices of locally produced oils are expected to remain firm since a section of oilseed farmers may shift to other crops this year. Cooking oil is nonetheless set to turn cheaper due to the fall in the prices of palm oil to $675 a tonne from $730 a fortnight ago.

✍TMC Steady trend was witnessed in Nizamabad market with finger and bulb trading at Rs.8400/quintal and Rs.7800.quitnal with arrivals at 1500 bags. At Erode, finger and bulb traded steady at Rs.8500-8700/quintal and Rs.8200-8400/quintal respectively with arrivals of 4300 bags. During week from 16th June till 22nd June 2016, monsoon rainfall in Nizamabad was 47.4 mm, with a departure of -3% from its normal rainfall of 48.8 mm.The e-National Agricultural Market was introduced on Apr 14 to integrate 585 farm markets through an electronic platform by 2018. As of now, only turmeric trades under this platform but other commodities are expected to be added soon. The trading platform will have data on arrivals and prices of the commodity, buy and sell trade offers. •Currently e-National Agriculture Market has been introduced in 21 mandis in eight states; Uttar Pradesh, Gujarat, Telangana, Rajasthan, Madhya Pradesh, Haryana, Jharkhand, and Himachal Pradesh.

✍JEERA The total arrivals reported at Unjha market remained unchanged at 4000 bags. At Unjha, jeera prices reported at around Rs.17600 per quintal. Stock positions at the NCDEX accredited warehouses are 3487 tonnes and 12 MT are in process as on 20 June 2016.The exchange deliverable quality jeera was at 17,400-17,600 rupees per 100 kg in Unjha. •Arrivals of jeera were pegged at 7,000-8,000 bags (1 bag = 55 kg), steady from Wednesday's level.

•Total stocks of jeera in NCDEX accredited warehouses as on 22nd June 2016 increased from previous day to 3370 tonnes and 57 tonnes are in process.Prices in the spot market eventhough are trading in range, expectations of pick up in demand from domestic and overseas market along with declining arrivals may support the price to trade higher in near term.

✍CORIANDER Arrivals reported at 3000 quintals, steady as against previous close. Tailing from the spot markets, coriander prices extended the bullishness during Thursday’s trading session. Hence, coriander June contract ended the day at Rs. 7251 per quintal with 0.2% gains. Stock positions at the NCDEX accredited warehouses are 3557 tonnes and 60 MT are in process as on 20 June 2016.Even though arrivals were up Thursday, they are lower compared to last year, indicating lesser availability of stocks in the market. •In Rajasthan, arrivals were pegged at 5,000 bags (1 bag = 40 kg), up from 4,000 bags on Wednesday. Arrivals ranged from 9,000 to 13,000 bags in the previous year during this period. •The spice was sold for 7,800-7,900 rupees per 100 kg, up 100-150 rupees from Wednesday. •Total stocks of coriander in NCDEX accredited warehouses as on 22nd June 2016 stood at 3617 tonnes and 40 tonnes are in process.

✍GUAR SEED Guar seed closed at Rs. 3,073/quintal, down by 0.61%, whereas near month gum futures settled at Rs. 5,420/quintal, fell by 1.09%. Shrinking exports demand of gum amid weaker off take by millers pressurized the prices at futures platforms. Moreover, increased arrivals in Haryana also added negativity at spot as well as futures market. Total arrivals were reported around 480 MT at key trading centers in Haryana, where guar seed price was quoted at Rs. 2,830/quintal at Sirsa physical market. At NCDEX warehouses, stock position of guar seed and guar gum were reported 29,755 MT and 34,749 MT respectively as on 26 June 2016.

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