✍ NCDEX DAILY LEVELS DAILY
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
SYOREFIDR
19-JUN-15
589
582
576
573
569
566
562
556
549
SYBEANIDR
19-JUN-15
3690
3646
3602
3581
3558
3537
3514
3470
3425
RMSEED
20-MAY-15
3719
3675
3630
3610
3585
3565
3545
3499
3455
JEERAUNJHA
20-MAY-15
18150
17740
17300
17100
16925 16700 16505 16105
15695
CHANA
20-MAY-15
4080
4010
3938
3900
3868
3830
3795
3725
3655
CASTORSEED
20-MAY-15
4070
3960
3850
3800
3745
3695
3640
3530
3425
✍ NCDEX WEEKLY LEVELS WEEKLY
EXPIRY
R4
R3
R2
R1
PP
S1
S2
S3
S4
SYOREFIDR
19-JUN-15
610
595
584
577
570
564
558
545
532
SYBEANIDR
19-JUN-15
3922
3818
3690
3625
3566
3500
3440
3314
3189
RMSEED
20-MAY-15
4020
3872
3723
3657
3574
3510
3425
3276
3127
JEERAUNJHA
20-MAY-15
23625
21258
18883
17890
16505 15505 14133 11715
9385
CHANA
20-MAY-15
4637
4377
4117
3989
3857
3730
3595
3337
3071
CASTORSEED
20-MAY-15
4130
4000
3870
3810
3740
3690
3610
3480
3350
✍ MCX DAILY LEVELS DAILY ALUMINIUM
EXPIRY R4 DATE 30 APR 15 112.00
COPPER
30 APR 15
396
390
384
380
378
374
372
366
360
CRUDE OIL
20 APR15
3,522
3,414
3,306
3,265
3,198
3,157
3,090
2,982.
2,874
GOLD
05 JUN 15 27,636
27,330
27,024
26,903
26,718
26,597
26,412
26,106
25,800
LEAD
30 APR 15
131
129
126
125
124
122
121
118
116
NATURAL GAS 27 APR 15
165
163
160
159
158
157
156
153
151
NICKEL
30 APR 15
839
824
809
800
794
785
778
763
748
SILVER
05 MAY 15 39,262
38,415
37,568
37,126
36,721
36,279
35,874
35,027
34,180
ZINC
30 APR15
141
139
138
137
136
134
132
130
143
R3
R2
R1
PP
S1
S2
S3
S4
111.80
111.00
110.50
110.20
109.70
109.40
108.60
107.80
✍ MCX WEEKLY LEVELS ALUMINIUM
30 APR 15
118
116
113
111
110
108
107
105
102
COPPER
30 APR 15
434
416
397
387
379
369
361
342
324
CRUDE OIL
20 APR15
4,091
3,801
3,511
3,367
3,221
3,077
2,931
2,641
2,351
GOLD
05 JUN 15
28,648
28,024
27,400
27,091
26,776 26,467
26,152 25,528
24,904
LEAD
30 APR 15
147
139
130
127
122
119
113
105
96
NATURAL GAS
27 APR 15
199
186
174
166
161
153
149
137
124
NICKEL
30 APR 15
920
879
838
815
797
774
756
715
674
ALUMINIUM
30 APR 15
118
116
113
111
110
108
107
105
102
COPPER
30 APR 15
434
416
397
387
379
369
361
342
324
CRUDE OIL
20 APR15
4,091
3,801
3,511
3,367
3,221
3,077
2,931
2,641
2,351
GOLD
05 JUN 15
28,648
28,024
27,400
27,091
26,776 26,467
26,152 25,528
24,904
✍ MCX - WEEKLY NEWS LETTERS ✍ World Bank cuts growth forecast, warns of risks to outlook The Washington-based lender expects the developing East Asia and Pacific (EAP) region, which includes China, to grow 6.7 percent in each of 2015 and 2016, down from 6.9 percent growth in 2014. That's down from its previous forecast in October of 6.9 percent growth this year and 6.8 percent in 2016. China's growth is likely to slow due to policies aimed at putting its economy on a more sustainable footing and tackling financial vulnerabilities, the World Bank said in its latest East Asia and Pacific Economic Update report on Monday.
✍ China's March exports shrink 15% y/y in surprise fall China's export growth contracted 15 percent in March from a year earlier in a surprise drop that will exacerbate concerns about the slackening Chinese economy. Analysts had expected exports to rise 12 percent in March on a yearly basis. In a sign of soft domestic demand, imports into the world's second-biggest economy also shrunk 12.7 percent last month compared with a year ago, data from the General Administration of Customs showed.
✍ BASE METAL ✍ COPPER Copper for May delivery was up 0.25% at $2.742 a pound.In addition to trade, copper traders are looking ahead to a raft of chinese economic data in the week ahead, including reports on first quarter gross domestic product, as well as data on industrial production.
The Asian nation is the world's largest copper consumer, accounting for almost 40% of world consumption last year. A few Bank of Japan board members expressed the view that the BoJ must pay closer attention to developments in the Japanese government bond market and the impact of an aggressive easing policy, according to minutes from the March policy meeting released Monday showed. "A few members pressed the view that, in pursing QQE, it was important to carefully assess the mechanism of price formation in the JGB (Japanese government bond) market as well as examine and compare the positive effects and side effects of JGB purchases," the minutes showed.
� BULLION � Gold holds above $1,200, but US rate hike worries weigh Gold steadied above USD 1,200 an ounce on Monday after rising more than 1 percent in a chart-based rebound the session before, but persistent concern that the US central bank is on course to lift rates this year should cap any gains. Federal Reserve official Jeffrey Lacker repeated on Friday his call for the US central bank to consider hiking interest rates in June, and said there was no shame in adjusting them lower again if economic data demanded it. Demand in No. 2 gold consumer China remained tepid with the premium on physical gold on the Shanghai Gold Exchange at just above a dollar over the global spot benchmark on Monday from a small discount late on Friday. The state-run Shanghai Gold Exchange said it was working on launching new price benchmark fixing products. Sources said in February that the bourse would launch a yuan-denominated gold fix this year as China, the world's top gold producer, seeks to gain more of a say over pricing.
ENERGY � Crude oil futures rally $1 as China stimulus bets fuel risk appetite Crude oil futures rallied sharply on Monday, as disappointing Chinese trade data added to speculation that policymakers in Beijing may implement further stimulus measures. On the ICE Futures Exchange in London, brent oil for June delivery jumped $1.19, or 2.02%, to trade at $60.14 a barrel during European morning hours. On Friday, London-traded Brent prices rose $1.26, or 2.18%, to settle at $58.95. China reported a trade surplus of $3.08 billion in March, compared to expectations for a surplus of $45.4 billion and down from a surplus of $60.6 in February. Exports tumbled 15.0% from a year earlier last month, disappointing expectations for a 12.0% increase, while imports sank 12.7%, worse than forecasts for a decline of 11.7%. The slide in imports pointed to persistent weakness in the economy, fuelling speculation policymakers will do more to boost growth. China is the world's second largest oil consumer after the U.S. and has been the engine of strengthening demand.Meanwhile, the spread between the Brent and the WTI crude contracts stood at $7.35 a barrel, compared to $7.31 by close of trade on Friday. Oil prices have been well-supported in recent sessions amid speculation an ongoing collapse in
rigs drilling for oil in the U.S. will result in lower production.Market players 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.
✍ NATURAL GAS Natural gas futures fell to the lowest level in almost three years on Friday, amid speculation the end of the winter heating season will bring warmer temperatures throughout the U.S. and cut into demand for the fuel. On the New York Mercantile Exchange, natural gas for delivery in May hit an intraday low of $2.504 per million British thermal units on Friday, the weakest level since June 2012, before closing at $2.511, down 1.7 cents, or 0.67%. Futures were likely to find support at $2.459 per million British thermal units, the low from June 18, 2012, and resistance at $2.646, the high from April 9. On Thursday, prices plunged 9.1 cents, or 3.47%, after the U.S. Energy Information Administration said that natural gas storage in the U.S. rose by 15 billion cubic feet last week, compared to expectations for a gain of 11 billion and following a withdrawal of 18 billion cubic feet in the preceding week. Supplies fell by 8 billion cubic feet in the same week last year, while the five-year average change is a decline of 2 billion cubic feet. Total U.S. natural gas storage stood at 1.476 trillion cubic feet as of last week, 79% above year-ago levels and 10.5% below the five-year average for this time of year.
✍ NCDEX - WEEKLY NEWS LETTERS ✍ NCDEX may provide technical assistance to Myanmar Commodity Exchange National Commodity and Derivatives Exchange (NCDEX), India’s largest agricentric commodity futures trading platform, might ink a pact with Myanmar International Commodity Exchange (MICEX). Under the tie up, NCDEX will provide technical assistance MICEX “India has successfully developed a transparent commodity market over the last 10 years with state of the art trading mechanism. Approached NCDEX seeking technical assistance from them so that our exchange can also be established and trading activities commenced effectively. The recently launched MICEX is pioneered by one of India’s largest commodities trading firm Pearl Group. MICEX has been looking for extensive participation from Indian firms to exploit hidden opportunities in Myanmar. Meanwhile, MICEX signed a memorandum of understanding (MoU) with LTC Commercial company Pvt Ltd, a Jaipur-based warehousing and
collateral management service provider which has 10 million tonnes of warehousing space under it. LTC is one of the pioneer warehousing company in india and accrediated Warehouse Service Provider of NCDEX with around Rs 2,000 crore worth of agri commodities stored under it. � Chana gains by 0.7% on surging demand Rising demand and expectations of a lower output pushed upchana prices further 0.70% to Rs 3,892 per quintal in futures market on friday as speculators widened their positions. At National Commodity and Derivatives Exchange (NCDEX), chana for delivery in April advanced Rs 27, or 0.70%, to Rs 3,892 per quintal with an open interest of 67,470 lots. Similarly, the commodity for delivery in May traded higher by Rs 9, or 0.23%, at Rs 3,872 per quintal in 1,47,270 lots. We can say that besides rising demand in the spot market, hopes of a lower output due to unseasonal rains in growing regions put upward pressure on chana prices at the futures trade.
� Refined soya oil slips 0.61% on profit-booking Refined soya oil prices fell 0.61 per cent at Rs 598.80 per 10 kg in futures trade on friday as speculators booked profits at prevailing levels amid fall in demand in the spot market. Adequate stock position in the physical market on higher supplies from producing belts also put pressure on prices. At National Commodity and Derivatives Exchange, refined soya oil for delivery in April eased Rs 3.70, or 0.61 per cent, to Rs 598.80 per 10 kg with an open interest of 30,950 lots. The June contract shed Rs 3.10, or 0.54 per cent, to Rs 567.90 per 10 kg in 1,21,700 lots. The fall in refined soya oil futures to profit-booking by speculators at existing levels and low demand in the spot market.
� Jeera gains 0.58% on spot demand Jeera prices moved up by 0.58 per cent to Rs 16,460 per quintal in futures trade on thursday, tracking a firm trend at spot market on pick-up in demand. Besides, restricted supplies from producing belts in the physical market supported the upside. At the National Commodity and Derivatives Exchange, jeera for delivery in April rose by Rs 95, or 0.58 per cent to Rs 16,460 per quintal with an open interest of 5,436 lots. The May contract gained Rs 75, or 0.45 per cent to Rs 16,785 per quintal in 13,338 lots. The rise in jeera futures to pick-up in demand in the spot market amid restricted supplies from producing belts.
� India seeks to export Soybean, Pulses to Australia India on Thursday expressed the desire to export pulses, oil seeds and nuts to Australia. The government told a visiting delegation that India is in a position to export cake of soybeans, soybeans, cashewnuts, chickpeas, coconut, coconut oil, ginger, grapes, groundnuts, lentils, oranges and vegetables. Mohanbhai Kundariya, Minister of State for Agriculture, urged the Australian delegation led by Colin Barnett, Premier of Western Australia, to consider importing these commodities from India. During the discussion with the delegation from Australia, Kundariya mentioned about Australia’s high efficient agriculture sector with expertise and technology to support agricultural productivity across a range of areas. The Indian Minister said India would like to collaborate with Australia in the areas of logistics, in particular cold chains and warehousing, agriculture processing in particular horticulture and fisheries and productivity enhancement. The Australia team invited the officials from Minister of Agriculture to visit Australia and study the model of working for storage of food grains, logistic.
LEGAL DISCLAIMER This Document has been prepared by Ways2Capital (A Division of High Brow Market Research Investment Advisory Pvt Ltd). The information, analysis and estimates contained herein are based on Ways2Capital Equity/Commodities Research assessment and have been obtained from sources believed to be reliable. This document is meant for the use of the intended recipient only. This document, at best, represents Ways2Capital Equity/Commodities Research opinion and is meant for general information only. Ways2Capital Equity/Commodities Research, its directors, officers or employees shall not in any way to be responsible for the contents stated herein. Ways2Capital Equity/Commodities Research expressly disclaims any and all liabilities that may arise from information, errors or omissions in this connection. This document is not to be considered as an offer to sell or a solicitation to buy any securities or commodities. All information, levels & recommendations provided above are given on the basis of technical & fundamental research done by the panel of expert of Ways2Capital but we do not accept any liability for errors of opinion. People surfing through the website have right to opt the product services of their own choices. Any investment in commodity market bears risk, company will not be liable for any loss done on these recommendations. These levels do not necessarily indicate future price moment. Company holds the right to alter the information without any further notice. Any browsing through website means acceptance of disclaimer.