✍ NCDEX DAILY LEVELS DAILY
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
SYOREFIDR
19 JUN 2015
661
643
625
619
607
601
589
571
553
SYBEANIDR
19 JUN 2015
4023
4125
4047
4013
3969
3935
3891
3813
3735
RMSEED
19 JUN 2015
4429
4366
4303
4276
4240
4213
4177
4114
4051
JEERAUNJHA
19 JUN 2015
18341 18071
17801
17663
17531 17393 17261 16991
16721
CHANA
19 JUN 2015
5056
4956
4856
4822
4756
4722
4656
4556
4456
CASTORSEED
19 JUN 2015
4152
4100
4048
4017
3996
3965
3944
3892
3840
✍ NCDEX WEEKLY LEVELS WEEKLY
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
SYOREFIDR
19 JUN 2015
677
653
629
621
605
597
581
557
533
SYBEANIDR
19 JUN 2015
4398
4261
4124
4052
3987
3915
3850
3713
3576
RMSEED
19 JUN 2015
4623
4495
4367
4308
4239
4180
4111
3983
3855
JEERAUNJHA
19 JUN 2015
22228 20763
19298
18411
17833 16946 16368 14903
13438
CHANA
19 JUN 2015
5349
4139
4929
4859
4719
4649
4509
4299
4089
CASTORSEED
19 JUN 2015
4323
4217
4111
4049
4005
3943
3899
3793
3687
✍ MCX DAILY LEVELS DALLY ALUMINIUM COPPER CRUDE OIL
EXPIRY DATE R4
R3
R2
R1
PP
S1
S2
S3
S4
29 MAY 2015 118
115
113
111
110
108
106
104
101
30 JUN 2015
402
395
390
388
381
374
370
362
19 JUN 2015 4325 4117
3977
3893
3665
3493
3480
3470
3458
27000
26930
26855
26785
26710
26565
26420
405
GOLD
05 JUN 2015
2729 27145 0
LEAD
29 MAY 2015 134
133
130
128
125
123
121
120
118
NATURAL GAS 26 MAY 2015 186
180
175
172
169
166
162
158
151
834
822
814
807
799
789
779
764
38705
38527
38372
38194
38039
37706
37373
NICKEL
29 MAY 2015 849
SILVER
03 JUL 2015 3937 39038 1
✍ MCX WEEKLY LEVELS WEEKLY
EXPIRY
R4
R3
R2
R1
PP
S1
S2
S3
S4
ALUMINIUM
29 MAY 2015
120
118
115
113
110
108
105
103
99
COPPER
30 JUN 2015
425
411
400
393
386
379
369
355
341
19 JUN 2015 4423
4170
4000
3873
3747
3620
3411
3400
3386
GOLD
05 JUN 2015 28371 27888
27405
27132
26922
26649
26439
25956
25473
LEAD
29 MAY 2015
137
132
128
126
123
121
117
112
108
NATURAL GAS 26 MAY 2015
222
203
188
178
169
159
146
136
124
888
859
836
821
792
772
743
722
711
39699
39024
38525
37850
37351
36177
35003
CRUDE OIL
NICKEL
29 MAY 2015
SILVER
05 JUL 2015 42047 40873
MCX - WEEKLY NEWS LETTERS INTERNATIONAL NEWS ✍ Draghi: Growth is 'too low everywhere' in Europe : European Central Bank head Mario Draghi said that "growth is too low everywhere" in the 19-country eurozone despite a modest recovery. Draghi made the blunt remark as he opened a conference on the unemployment problem plaguing several of the European Union member countries that share the euro currency. "Recently, economic conditions have improved somewhat in Europe," he said at the ECB's conference on inflation and unemployment in Sintra, Portugal. "But growth is too low everywhere." He said that inflation was too low — a sign of economic weakness — and that "people in Europe are frustrated by the lack of growth they have witnessed in recent years." US officials have pressed Europe to tackle its growth problem. The eurozone remains a key market for many US firms and its health is an important factor for the global economy. Greek crisis talks as Tsipras, Merkel meet The eurozone has struggled with a crisis over too much government and bank debt since Greece reported its deficit was out of control in 2009. Greece, Portugal, Ireland, and Cyprus have been bailed out by other members, and Spain got a bailout for its banks. European governments are facing lower than desired growth and high unemployment as they restrain spending to try to reduce debt.
✍ China invites investors to build $318 bn worth of projects: China's state planning agency on Monday released a list of more than 1,000 proposed projects totalling 1.97 trillion yuan (USD 317.75 billion) that it is inviting private investors to help fund, build and operate. The National Development and Reform Commission said the 1,043 projects, in sectors such as transport, water conservancy and public services, will be done as public-private partnerships (PPP). Beijing is striving to rein in local government debt, estimated at around USD 3 trillion, but there are signs that the clampdown is having an adverse impact on existing projects. Chinese policymakers on May 15 ordered banks to keep lending and not reduce the size of their loans to local government projects under construction, especially urban subways and affordable housing.
BULLION ✍ Gold Gold prices inched up in Asia Friday on sentiment of continued easy monetary policy globally. On the Comex division of the New York Mercantile Exchange, gold for June delivery rose 0.13% to $1,205.70 a troy ounce. Silver for July delivery rose 0.01% to $17.133 a troy ounce. Copper for July delivery fell 0.09% to $2.848 a pound. The Bank of Japan announces its monetary policy after its two-day
board meeting around 1230 Tokyo time (0330 GMT) with expectations of standing pat. Later in the day, BoJ Governor Haruhiko Kuroda holds a news conference at 1530 (0630 GMT) to explain the board's decision. Overnight, gold futures fell mildly on Thursday amid downbeat economic data in the U.S. , Europe and China, as metal traders digested Wednesday's release of the Federal Reserve's April meeting, which provided further indications of a delayed interest rate hike. The Fed reiterated that it will take a "data-driven" approach to its when it is reasonably confident it has seen significant improvements in the economy. The Fed blamed weak first quarter GDP growth on "largely transitory factors" such as severe winter weather and a West Coast port slowdown that dented exports. In April, the FOMC said consumer price inflation continued to fall below its long-term targeted goal of 2%. Medium-term forecasts for inflation, which the Fed generally defines as the next two years, projected to "move closer but remained" below the FOMC's 2% goal. Economists expect the CPI to increase modestly for April on a monthly basis by 0.1%.
ENERGY � Crude oil Crude oil futures rise as concerns that U.S. shale production could rebound in the months ahead and a stronger U.S. dollar weighed. Activity was likely to remain thin on Monday, as markets in the U.K., U.S. and Germany are all shut for public holidays. On the New York Mercantile Exchange, crude oil for July delivery shed 47 cents, or 0.8%, to trade at $59.25 a barrel during European morning hours. Prices held in a range between $59.11 and $60.01. On Friday, Nymex oil lost $1.00, or 1.65%, to end at $59.72 after data showed that the decline in U.S. drilling slowed down last week. According to industry research group Baker Hughes (NYSE:BHI), the number of rigs drilling for oil in the U.S. fell by only one last week to 659, marking the 24th straight week of declines. Oil traders have been paying close attention to the shrinking rig count in recent months for signs it will eventually reduce the glut of crude flowing into the market. However, the rate of decline has slowed in recent weeks, fuelling concerns that some shale oil companies will dial up their output in the months ahead if prices stabilize near current levels.Meanwhile, the U.S. dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was up 0.25% at 96.50 early Monday, the strongest level since April 28. The greenback strengthened after Federal Reserve Chair Janet Yellen said on Friday that interest rates will be raised later in the year. The dollar had also been boosted on Friday after stronger-than-expected U.S. inflation data supported the case for a rate hike later this year. Elsewhere, on the ICE Futures Exchange in London, Brent oil for July delivery dipped 23 cents, or 0.35%, to trade at $65.14 a barrel. Brent prices declined $1.17, or 1.76%, on Friday to close at $65.37.
✍ Natural gas Natural gas prices rebounded from a more than two-week low struck in the previous session on Wednesday, as market participants looked ahead to fresh weekly information on U.S. gas inventories to gauge the strength of demand for the fuel. On the New York Mercantile Exchange, Natural gas for delivery rose 3.5 cents, or 1.21%, to trade at $2.884 per million British thermal units during U.S. morning hours.Weather forecasting models called for slightly warmer than average temperatures across the U.S. over the next ten days, although not yet enough to significantly boost cooling demand. Spring usually sees the weakest demand for natural gas in the U.S, as the absence of extreme temperatures curbs demand for heating and air conditioning.Total U.S. natural gas storage stood at 1.989 trillion cubic feet as of last week, 59.0% above year-ago levels and 1.7% below the five-year average for this time of year. Last spring, supplies were 55% below the five-year average, indicating producers have made up for most of last winter’s unusually strong demand.Elsewhere on the Nymex, Crude oil for delivery in July lost 9 cents, or 0.15%, to trade at $57.94 a barrel, while heating oil for July delivery slumped 0.68% to trade at $1.891 per gallon. BASE METAL ✍ Copper Copper prices held near a four-week low on Friday, as investors looked ahead to the release of key data later in the session for further indications over the timing of a U.S. rate increase and the strength of the economy. On the Comex division of the New York Mercantile Exchange, Copper for July delivery inched up 0.5 cents, or 0.18%, to trade at $2.774 a pound during European morning hours. Futures were likely to find support at $2.753, the low from April 28, and resistance at $2.834, the high from May 26.A day earlier, copper prices slumped to $2.758, the weakest level since April 28, before settling at $2.768, down 0.9 cents, or 0.34%, as the U.S. dollar rallied amid speculation the Federal Reserve was on track to raise interest rates in September. Economic data released in the past week, including reports on inflation, new home sales, business investment and consumer confidence all indicated that the economy is gaining momentum after a slowdown in the first quarter, supporting the case for higher interest rates later this year.Later in the day, the U.S. was to release the weekly report on unemployment claims, as well as data on pending home sales, as investors look for fresh indications on how the economy is performing.The U.S dollar, which measures the greenback’s strength against a
trade-weighted basket of six major currencies, slid 0.25% to 97.10 from Wednesday’s five week peaks of 97.88.
✍ Zinc Taking weak cues from Asian trade and sluggish demand at domestic market, zinc prices fell by 0.91 per cent to 141.25 per kg in futures trade today as the participants reduced their exposure. Zinc futures for May 2015 contract, at MCX, were trading at Rs 141.25 per kg, down by 0.91 per cent after opening at Rs. 142.65 against the previous closing price of Rs. 142.55. However, losses were curbed due to the decline in the zinc stockpiles at the London Metal Exchange (LME) on account of the strong demand for the commodity. LME zinc stocks fell by 1075 metric tonnes to 719600 metric tonnes as on May 29, 2015. Major refined zinc exporting countries are Canada, Australia and Rep. of Korea, while major refined zinc importing countries are China, USA and Germany.
✍ Lead Lead futures fell by 0.53 per cent on Wednesday at the domestic markets taking weak cues from global markets in the midst of low demand at domestic spot market. At the MCX, Lead futures, for the May 2015 contract, is trading at Rs 123 per kg, down by 0.53 per cent, after opening at Rs 124.35, against a previous close of Rs 123.65. However, losses were curbed due to the decline in the lead stockpiles at the London Metal Exchange (LME) on account of the strong demand for the commodity. LME lead stocks fell by 25 metric tonnes to 161475 metric tonnes as on May 26, 2015.
✍ Nickel Nickel futures were trading on a flat note in the domestic market on Monday as investors and speculators refrained from booking fresh positions in the industrial metal amid weak physical demand for nickel in the domestic spot market. However, a pickup in Japanese exports last month signaled a recovery in the world’s third biggest economy, lifting the demand outlook for the base metal. Japan’s overseas shipments climbed 8 per cent, year on year in April 2015, topping the 6 per cent analysts’ estimate. At the MCX, Nickel futures for May 2015 contract is trading at Rs 809.90 per 1 kg, down by 0.07 per cent after opening at Rs 811, against the previous closing price of Rs 810.50
✍ NCDEX - WEEKLY NEWS LETTERS ✍ Chana Commodity & Derivatives Exchange Limited (NCDEX) as the traders enlarged their holdings in the commodity on account of the good demand in the market. At the NCDEX, chana futures for May 2015 contract closed at Rs. 4,693 per quintal, up by 2.87 per cent, after opening at Rs. 4,632 against the previous closing price of Rs. 4,562. It touched the intra-day high of Rs. 4,712. Moreover, the restricted arrivals of the commodity in the physical market due to lower estimated output also influenced the chana prices. India is the largest producer of chickpea followed by Pakistan, Turkey and Iran. India produces around 6 to 8 million tonnes and contributes around 70 per cent of the total world production. Befor closing this week Chana prices closed lower by 1.15 per cent on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the steady sowing progress of pulses along with high supplies in major producing states. At the NCDEX, chana futures for May 2015 contract closed at Rs. 4,635 per quintal, down by 1.15 per cent, after opening at Rs. 4,681 against the previous closing price of Rs. 4,689. It touched the intra-day low of Rs. 4,625.
✍ Jeera Jeera prices closed higher by 4 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors increased their holdings in the commodity in the midst limited arrivals from growing regions. At the NCDEX, jeera futures for May 2015 contract closed at Rs. 17,950 per quintal, up by 4 per cent, after opening at Rs. 17,400 against the previous closing price of Rs. 17,260. It touched the intra-day high of Rs. 17,950. Sentiment improved further as a result of reduced domestic supplies in the physical markets and some export enquiries. Global output of Jeera is around 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year.
✍ Castorseed Castorseed rose by 0.41 per cent in futures trade as speculators enlarged position triggered by a firming trend in the physical markets. At the NCDEX, castor seed futures for May 2015 contract were trading at Rs. 3,930 per quintal tonnes, down by 0.41 per cent, after opening at Rs. 3,958 against the previous closing price of Rs. 3,946. It touched the intra-day low of Rs. 3,925 till the trading. (At 12.20 PM today). Traders attributed rise in castorseed prices to strong demand from consuming industries in physical markets but higher output estimates limited the gains. Besides, rising export demand also influenced castorseed prices. Meanwhile, production in 2014-15 estimated higher at over 15 lakh tonne as compared to 11.30 lakh tonne in previous
year. Castor is a non-edible oilseed crop; basically a cash crop, with average 46 per cent oil recovery. On Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the rise in demand from consuming industries against restricted arrivals in domestic markets which in turn encouraged the investors to enlarge their holdings. At the NCDEX, castor seed futures for June 2015 contract were trading at Rs. 3,942 per quintal tonnes, up by 0.36 per cent, after opening at Rs. 3,918 against the previous closing price of Rs. 3,928. It touched the intra-day high of Rs. 3,945 till the trading.
� Mustard seed Mustard Seed prices closed lower by 1.23 per cent on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the profit booking by the traders on account of the weak crushing and export demand of mustard meal. At the NCDEX, Mustard Seed futures for May 2015 contract closed at Rs. 4,015 per quintal, down by 1.23 per cent, after opening at Rs. 4,035 against the previous closing price of Rs. 4,065. It touched the intra-day low of Rs. 4,010 Sentiment weakened further due to the sluggish export demand as a result of the weak demand for the commodity.
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