✍ MCX DAILY LEVELS DAILY
EXPIRY DATE R4
R3
R2
R1
PP
S1
S2
S3
S4
113
112
111
109
108
107
106
105
104
31 AUG 2015 382
381
380
379
377
376
375
374
373
CRUDE OIL
20 JUL 2015 3620 3600
3580
3540
3520
3500
3480
3460
3440
GOLD
05 AUG 2015 2655 26500 0
26450
26400
26350
26300
26250
26200
26150
LEAD
31 JUL 2015
117
116
115
114
113
112
111
110
109
NATURAL GAS
28 JUL 2015
182
180
178
176
174
172
170
168
166
NICKEL
31 JUL 2015
790
786
782
778
774
770
766
762
758
SILVER
03 JUL 2015 3670 36600 0
36500
36400
36300
36200
36100
36000
35900
131
130
129
128
127
126
125
ALUMINIUM COPPER
ZINC
31 JUL 2015
31 JUL 2015 133
132
✍ MCX WEEKLY LEVELS WEEKLY
EXPIRY
R4
R3
R2
R1
PP
S1
S2
S3
S4
ALUMINIUM
31 JUL 2015
116
114
112
109
107
105
102
100
98
COPPER
31 AUG 2015
386
383
380
377
374
371
369
366
363
20 JUL 2015 3630
3600
3570
3540
3510
3490
3460
3430
3400
GOLD
05 AUG 2015 26700 26600
26500
26400
26300
26200
26100
26000
25900
LEAD
31 JUL 2015
121
119
117
115
112
110
108
106
104
NATURAL GAS
28 JUL 2015
188
185
182
179
176
173
169
166
163
NICKEL
31 JUL 2015
810
800
790
780
770
760
750
740
730
SILVER
03 JUL 2015 37100 36900
36700
36400
36200
36000
35800
35600
35400
CRUDE OIL
✍ NCDEX DAILY LEVELS DAILY
EXPIRY DATE
R4
R3
R2
R1
PP
S1
S2
S3
S4
SYOREFIDR
20 AUG 2015
590
588
586
584
582
580
578
576
575
SYBEANIDR
20 AUG 2015
3680
3572
3464
3396
3356
3288
3248
3140
3032
RMSEED
20 JUL 2015
4517
4425
4333
4277
4241
4185
4149
4057
3965
JEERAUNJHA
20 JUL 2015
17576 17076
16576
16243
16076 15743 15576 15076
14576
CHANA
20 JUL 2015
4525
4451
4377
4343
4303
4269
4229
4155
4081
CASTORSEED
20 JUL 2015
4249
4193
4137
4108
4081
4052
4025
3969
3913
R3
R2
R1
PP
S1
S2
S3
S4
593
590
587
584
581
579
576
✍ NCDEX WEEKLY LEVELS WEEKLY
EXPIRY DATE
R4
SYOREFIDR
20 AUG 2015
599
SYBEANIDR
20 AUG 2015
3965
3757
3549
3439
3341
3231
3133
2925
2717
RMSEED
20 JUL 2015
4727
4569
4411
4316
4253
4158
4095
3937
3779
JEERAUNJHA
20 JUL 2015
19263 18238
17213
16561
16188 15536 15163 14138
13113
CHANA
20 JUL 2015
4707
4574
4441
4375
4308
4242
4175
4042
3909
CASTORSEED
20 JUL 2015
4429
4319
4209
4144
4099
4034
3989
3879
3769
596
MCX - WEEKLY NEWS LETTERS INTERNATIONAL NEWS � BULLION Spot silver prices in the international markets declined by 0.57 percent and closed at $15.67/oz.Last week, spot silver prices in the international markets traded lower in line with weakness in gold prices ,Strengthening dollar also acted as a negative factor for oil prices In the international markets, spot gold prices declined by 0.6 percent last week and closed at $1167.44/oz. On the MCX, gold prices declined by 0.65 percent last week and closed at Rs.26352/10 gms. Spot gold prices traded negative last week although data showed the U.S. labor market was weaker in June than expected, indicating that the Federal Reserve may hold off from raising interest rates in September. The market was also following developments in the Greek debt crisis, which has so far failed to trigger strong retail demand for the metal, which is often perceived as a safe-haven asset. The dollar strengthened and hopes for progress in the Greek crisis revived after the country told international creditors Athens could accept their bailout offer if some conditions were changed. Good ADP data from the US also resulted in optimism about labor market in turn exerting downside pressure on the yellow metal. The chairman of the Euro-group said it was too late to extend Greece's existing bailout and that the country's stance toward its creditors and euro zone partners would have to change before a new program could be agreed. The referendum on Sunday said no to the austerity measures proposed by the creditors which would result in stronger dollar and weak euro. A decade after China kicked off a series of gold market reforms, plans to establish a yuan price fix mark one of Beijing's biggest step so far to capitalism on the country's position as the world's top producer and a leading consumer. While no immediate threat to the gold pricing dominance of London and New York, the benchmark could ultimately give Asia more power over bullion trade, particularly if the yuan becomes fully convertible, industry sources say. In other news from the gold industry, the Reserve Bank of India and the finance ministry are in talks to scrap bulk import license for a gold-silver alloy used by domestic refiners, months after relaxing curbs on gold imports.
� CRUDE OIL Last week, NYMEX crude oil prices declined by 4.53 percent and closed at Rs.56.93/bbl ,On the MCX, crude prices declined by 7.73 percent and closed at Rs.3520/bbl. Last week oil prices traded lower as latest data on the U.S. oil rig count from Baker Hughes. The firm said the number of rigs drilling for oil rose by 12 this week, the first rise since December. But with the Greek debt crisis unresolved and Iran nuclear talks ongoing, coupled with Friday's Fourth of July holiday making for a longer-than-usual weekend, some caution prevailed, limiting the rally. The sell off was a jolt to crude traders and investors who have seen U.S. prices in fairly
tight trading ranges over the past 10 weeks versus sharper moves down in European oil. Oil prices declined on Thursday with WTI and Brent falling by 4.2 and 2.5 percent respectively. It is the biggest daily drop since April after oil stockpiles in the United States rose for the first time in more than two months. With U.S. refined fuel trading leading the rally on bets for strong summer demand, even as Greece's move toward a debt default threatened to jolt global markets. The extension of a deadline for a nuclear deal that will let Iran export more crude into an oversupplied market was another bearish factor the market overlooked. U.S. crude oil production rose 9,000 barrels a day to 9.701 million barrels a day in April, the highest since May 1971, the U.S. Energy Information Administration said in monthly data released Tuesday. Technology for tapping shale oil has helped the U.S. unlock vast reserves of crude that were previously inaccessible, boosting production.
� COPPER MCX copper declined by 0.1 percent to close at Rs.370/kg in the last week despite Rupee appreciation. LME Copper prices declined last week by 0.5 percent on concerns that Greece will default on its debts and exit the euro zone kept global investors wary and hurt the risk sentiments in the markets. Apart from Greece concerns, dollar also gained aground from strong US consumer confidence data and exerted further pressure on dollar denominated base metals. Comment by Federal Reserve vice chairman Stanley Fischer that "tentative" signs of wage growth and continued job creation gave him confidence that US labor markets would continue to improve, and gradually help push inflation towards the Fed's 2 per cent target. EIA Crude inventories rose 2.4 million barrels to 465.4 million in the week to June 26. Gasoline stocks fell 1.8 million barrels. Distillate stockpiles, which include diesel and heating oil, rose 392,000 barrels
� NCDEX - WEEKLY NEWS LETTERS � Indian agri markets Near term trend depends on the rainfall activities in the growing states as conflation reports emerge on the monsoon for the month of july. Short term trend is likely to remain volatile for agri commodities with Indian markets unable to recover strongly as rains persist. However when skies clear up, markets are likely to recover strongly with demand expected to rise significantly at these low rates.A moderately bearish sentiment continued to prevail for the Agri commodities as rains in Central, North and North-West India kept pressure on the market sentiments.However, prices do seem to find some support at these lower levels and the near term trend depends on the rainfall activities in the growing states as conflicting reports emerge on the Monsoon for the month of July.Sentiments weakened for Chana as rains in kharif Pulses growing areas and reports of Govt likely to hold meeting next week on controlling prices, kept trend down for the commodity. But with prices having fallen a lot, some moderate recovery too is not ruled out as demand picks up in mandis. Prices fell for Jeera as low export demand amidst moderate arrivals in mandis kept sentiments weak for the counter.
✍ Refined soya oil Supported by rising demand at the spot market, refined soya oil prices rose by 0.26 per cent to Rs 586.50 per 10 kg in futures trading on Friday.At the National Commodity and Derivatives Exchange, refined soya oil for delivery in August was trading higher by Rs 1.55, or 0.26 per cent to Rs 586.50 per 10 kg in a business turnover of 2,17,155 lots.Similarly, the oil for delivery in October contracts edged higher by Rs 1.45, or 0.25 per cent to Rs 572.50 per 10 kg in 72,645 lots.The rise in refined soya oil prices to positions built up by speculators, powered by firm demand at the spot market against restricted supplies from producing belts.
✍ Castorseed Castor seed futures traded lower at the NCDEX in the midst of weak trend at spot markets due to slackened demand at prevailing levels. At the NCDEX, castor seed futures for aug 2015 contract was closed at 4079 down by 0.55 per cent. It touched the intra-day low of Rs. 4053 till the trading. Weak trend at the markets due to absence of buying support at prevailing levels against increased supplies in the market, mainly dragged down the castor seed prices at futures trade. Castor oil, extracted from castor seed is the largest vegetable oil exported out of India.
✍ Jeera Jeera prices fell 0.77 per cent to Rs 16,065 per quintal in futures trade on friday today amid higher supplies from producing belts at the spot market.At National Commodity and Derivatives Exchange, jeera for delivery in July contracts fell by Rs 125, or 0.77 per cent, to Rs 16,065 per quintal with an open interest of 14,136 lots.Similarly, the spice for delivery in August traded lower by Rs 115, or 0.70 per cent, to Rs 16,215 per quintal in 15,612 lots.Before that Jeera prices were up 1.07 per cent to Rs 16,105 per quintal in futures trade on wednesday after speculators widened positions, triggered by restricted supplies from growing regions.Firm demand at the spot market also influenced jeera prices.At the National Commodity and Derivatives Exchange, jeera for delivery in July shot up by Rs 170, or 1.07 per cent to Rs 16,105 per quintal with an open interest of 16,869 lots.The spice for delivery in August contracts gained Rs 150, or 0.93 per cent to Rs 16,290 per quintal in 13,416 lots.Offloading of positions by speculators, triggered by higher supplies from producing belts in the physical market, kept pressure on jeera prices at futures trade.
✍ Chana Extending losses for the second straight day, chana prices drifted down by 1.66 per cent to Rs 4,159 per quintal in futures trade today on offloading of positions by speculators.Higher supplies from producing belts at the spot market only added to the fall.At the National
Commodity and Derivative Exchange, chana for delivery in July dropped by Rs 70, or 1.66 per cent, to Rs 4,159 per quintal with an open interest of 67,860 lots.Similarly, the commodity for delivery in August contracts traded lower by Rs 59, or 1.36 per cent, to Rs 4,269 per quintal in 1,70,270 lots.Where as on Wednesday Chana prices jumped 1.92% to Rs 4,245 per quintal infutures trade mostly powered by rising demand at the physical markets.Moreover, expectations of lower output this year also supported the upward movement.At the National Commodity and Derivatives Exchange, chana for delivery in July spurted by Rs 80, or 1.92% to Rs 4,245 per quintal with an open interest of 97,460 lots.Similarly, the commodity for delivery in August contracts shot up by Rs 50, or 1.16% to Rs 4,345 per quintal in 1,62,490 lots.Trimming of positions by speculators, triggered by higher supplies from producing belts, mainly kept pressure on chana prices.
� Mustard seed Mustard Seed prices closed lower by 0.38 per cent on Thursday 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. Sentiment weakened further due to the sluggish export demand as a result of the weak demand for the commodity.
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