COMMODITY WEEKLY REPORT

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MCX DAILY AND WEEKLY LEVELS

DALLY

EXPIRY R4

R3

R2

R1

PP

S1

S2

S3

S4

ALUMINIU 30-JUN- 111.55 110.05

108.55 108.05

107.05 106.55

105.55

104.05 102.55

COPPER

419

415

413

411

409

407

403

399

CRUDE OIL 19-JUNY- 6213

6175

6137

6121

6099

6083

6061

6023

5985

GOLD

5-Jun-14 27432

27231

27030 26950

26829

26749

26628

26427 26226

LEAD

30-JUN- 126.10 125.05

124.00 123.50

122.95 122.45

121.90

120.85 119.80

NATURAL

25-JUNY- 286

281

275

273

269

267

264

258

252

NICKEL

30-JUN- 1226

1193

1161

1149

1128

1117

1096

1064

1031

SILVER

5-JUL-14 41780

41107

40434 40005

39761

39332

39088

38415 37742

ZINC

30-JUN- 128.00 125.95

123.90 123.20

121.85 121.15

119.80

117.75 115.70

WEEKLY

EXPIRY

R3

R2

R1

PP

S1

S2

S3

S4

ALUMINIU 30-Apr-14 116

113

109

108

106

105

102

99

96

COPPER

431

422

416

413

407

404

394

385

6405

6262

6183

6119

6040

5976

5833

5690

30-JUN- 423

R4

30-JUN-14 440

CRUDE OIL 19-JUN-14 6548

GOLD

5-JUN--14 30021 29003

27985 27427

26967

26409

25949

24931

23913

LEAD

30-Jun-14 134

130

127

125

123

121

120

116

112

NATURAL

25-JUN-14 323

305

286

278

267

259

249

229

211

NICKEL

30-JUN-14 1331

1266

1202

1170

1137

1106

1073

1008

944

SILVER

5-JULY-14 45246 43533

41820 40698

40107

38985

38394

36681

34968

ZINC

30-JUN-14 132

125

122

120

119

115

112

128

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NCDEX DAILY AND WEEKLY LEVELS

DALLY

EXPIRY
DATE

SYOREFIDR

R4

R3

R2

R1

PP

S1

S2

S3

S4

20-May-14 705

697

689

685

681

677

673

665

657

SYBEANIDR

20-May-14 4882

4792

4702

4644

4612

4554

4522

4432

4342

RMSEED

20-May-14 3546

3501

3456

3429

3411

3384

3366

3321

3276

JEERAUNJHA 20-May-14 11808 11568 11328 11226 11088 10986 10848 10608 10368
DHANIYA

20-May-14 9837

9716

9595

9540

9475

9419

9353

9232

9111

CASTORSEED 20-May-14 4297

4165

4033

3985

3901

3853

3769

3637

3505

WEEKLY

EXPIRY
DATE

R3

R2

R1

PP

S1

S2

S3

S4

SYOREFIDR

20-May-14 708

699

690

685

681

676

672

663

654

SYBEANIDR

20-May-14 5232

5023

4814

4705

4605

4496

4396

4187

3978

RMSEED

20-May-14 3719

3623

3527

3465

3431

3369

3335

3239

3143

R4

JEERAUNJHA 20-May-14 11976 11676 11376 11253 11076 10953 10776 10476 10176
DHANIYA

20-May-14 10518 10178 9838

CASTORSEED 20-May-14 4447

4259

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4071

9661

9498

9321

9158

8818

8478

4005

3883

3817

3695

3507

3319

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WORLD NEWS
The yen strengthened as a government report showed Japans inflation
accelerated to the fastest in more than two decades in April, reducing the
prospect of additional stimulus by the Bank of Japan. The yen advanced for a
third day against the U.S. currency as 10-year Treasury (USGG10YR) yields near
the lowest since June reduced the greenbacks appeal. The euro headed for its
biggest monthly drop in a year versus nine major peers amid bets the European
Central Bank will expand easing next week.
India Rupee remained little looseness against US dollar and is currently trading
at 59.11
PRECIOUS METALS
Gold headed for a monthly loss as signs that the U.S. economy is improving
fueled stock-market gains, while demand for the metal slowed in China, the
biggest consumer. . Bullion for immediate delivery traded at $1,256.96 an ounce.
Spot Gold is currently trading at $1257. MCX Gold Jun is currently at `26836, it is
trading up by `14 points for the day. Comex Silver is currently trading at $19.07
whereas MCX Silver July is currently trading at `40146, it is up by `139.
The SPDR Gold Trust, the worlds largest gold-backed exchange-traded fund,is
holding 785.28 tonnes as per latest available data on their website.
BASE METALS
Copper fell for a second day, paring the first monthly gain this year after the
U.S. economy contracted more than estimated, dimming demand prospects
from the second-biggest user. The metal for delivery in three months on the
London Metal Exchange retreated as much as 0.4 percent to $6,858 a metric ton.
U.S. gross domestic product fell at a 1 percent annualized rate during the first
quarter after a previously reported 0.1 percent gain. LME- tracked copper
inventory climbed 1.6 percent.
All base metals are trading on a mixed note.
ENERGY

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WTI headed for its first monthly advance since February as crude inventories
shrank at the delivery point for New York contracts. Brent was steady in
London. Futures were little changed after rising 0.8 percent yesterday.
Stockpiles at Cushing, Oklahoma, the biggest U.S. oil-storage hub, dropped by
1.53 million barrels. WTI for July delivery was at $103.38 a barrel in electronic
trading on the New York Mercantile Exchange. MCX Crude Oil June is currently
trading at `6105, it is trading down by `23 for the day.
LME DATA :
LME Inventory
Last updated at May 30 01:30 pm IST
Metal

Change from previous day

Aluminium -4750
Copper

-1150

Lead

-375

Nickel

774

Tin

-50

Zinc

-7700

NCDEX - WEEKLY NEWS LETTERS

CHANA
Chana futures traded range bound and ended flat on Thursday. Volumes and
OI declined from previous trading day.
Sources said that cheap imports of Chana and better than expected production
continue to weigh on markets.
Warehouse stocks improved on Thursday and continue to add pressure on the
prices.

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 As per the 3rd Advance estimates from Ministry of Agriculture production of

Gram (Chana) is fore-casted to be 9.93 million MT in 2013-14 compared to 9.79
million MT (2nd Advance estimates) and 8.83 million MT in 2012-13. They added
that total Pulses production is forecast-ed to be 19.57 (3rd Advance estimates) vs.
19.77 million MT (2nd Advance estimates) and 18.34 million MT in 2012-13.
Stock position of Chana at NCDEX approved warehouses
Location

28-May-14

27-May-14

Bikaner

50286

50145

Delhi

63719

63281

Indore

1128

1037

Total

115133

114463

Comments: - Key support is at 2784 and 2740. Key resistances are at 2980 and
3020.
SOYABEAN & REFISOYA
Indian oilseed complex prices traded mixed yesterday. Rupee ended flat.
Soybean prices moved higher yesterday as traders covered shorts after the
recent sharp lower move in prices.
According to 3rd Advance estimates released by GoI, Indias output for the
following crops in 2013-14 year are:- Soybean- 11.95 million MT, RM Seed 7.83
million MT.
INTERNATIONAL VIEW
Tight supplies of old crop Soy in US was supportive. However, favorable Soy
planting conditions and good progress limited gains for new crop prices.
US Soybeans planting was 59% completed as of 25 May vs. 33% previous week
vs. 5 year average of 56%.
Area planted with Soybeans in Brazil next season should reach a record 31.2
million hectares (77.4 acres), up 4% from last year thanks to high prices for the
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oilseed.
Soybean Arrivals for 29 May 2014
Location

MT

Khamhariya

20.00

Rajnandgaon

5.00

Momanbadodiya

7.20

Piplya

12.00

Susner

0.70

Imphal

1.40

Lamlong Bazaar

0.20

Anta

27.00

Baran

45.00

Iklera

10.00

Source - Dept. of Agriculture (GoI)

The following Future Contract are trading with high volume on NCDEX:
Soyabean

JUN. Contract

Refi. Soya

JUN Contract

Castorseed -

JUN Contract

RM Seed

JUN Contract

Dhaniya

JUN Contract

Chana

JUN Contract

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IMPORTANT ECONOMIC EVENT OF THE WEEK

Date

Currency Event

Jun 2

EUR

Italian Bank Holiday

Mon

EUR

German Prelim CPI m/m

0.1%

-0.2%

EUR

Spanish Manufacturing PMI

52.6

52.7

EUR

Italian Manufacturing PMI

54.3

54.0

EUR

Final Manufacturing PMI

52.5

52.5

USD

Treasury Sec Lew Speaks

USD

Final Manufacturing PMI

56.2

56.2

USD

ISM Manufacturing PMI

55.7

54.9

USD

Construction Spending m/m

0.8%

0.2%

USD

ISM Manufacturing Prices

56.8

56.5

Jun 3

EUR

Spanish Unemployment Change

-111.6K

Tue

EUR

Italian Monthly Unemployment Rate 12.7%

12.7%

EUR

Italian Quarterly Unemployment

Rate

12.7%

12.6%

EUR

CPI Flash Estimate y/y

0.7%

0.7%

EUR

Unemployment Rate

11.8%

11.8%

USD

Factory Orders m/m

0.6%

1.1%

USD

IBD/TIPP Economic Optimism

46.5

45.8

USD

Total Vehicle Sales

16.0M

16.0M

Jun 4

EUR

Spanish Services PMI

56.1

56.5

Wed

EUR

Italian Services PMI

51.4

51.1

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EUR

Final Services PMI

53.5

53.5

EUR

PPI m/m

-0.1%

-0.2%

EUR

Revised GDP q/q

0.2%

0.2%

USD

ADP Non-Farm Employment Change 217K

220K

USD

Trade Balance

-40.8B

-40.4B

USD

Revised Nonfarm Productivity q/q

-2.2%

-1.7%

USD

Revised Unit Labor Costs q/q

4.8%

4.2%

USD

Final Services PMI

58.4

58.4

USD

ISM Non-Manufacturing PMI

55.6

55.2

USD

Crude Oil Inventories

USD

Beige Book

Jun 5

EUR

German Factory Orders m/m

Thu

EUR

Retail PMI

EUR

Retail Sales m/m

EUR

French 10-y Bond Auction

2.00|2.2

USD

Challenger Job Cuts y/y

5.7%

EUR

Minimum Bid Rate

EUR

ECB Press Conference

USD

Unemployment Claims

USD

Natural Gas Storage

USD

FOMC Member Kocherlakota Speak

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1.7M

1.3%

-2.8%
51.2

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0.1%

0.3%

0.10%

0.25%

314K

300K
114B

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Jun 6

EUR

German Trade Balance

14.3B

14.8B

Fri

EUR

German Industrial Production m/m

0.4%

-0.5%

EUR

French Gov Budget Balance

EUR

French Trade Balance

-5.0B

-4.9B

USD

Non-Farm Employment Change

219K

288K

USD

Unemployment Rate

6.4%

6.3%

USD

Average Hourly Earnings m/m

0.2%

0.0%

USD

Consumer Credit m/m

16.6B

17.5B

-29.0B

MCX TECHNICAL OVERVIEW

MCX GOLD JUN

Resistance 2
Resistance 1
Support 1
Support 2
Strategy

BEARISH

30021

27985

25949

23913

Sell On Higher Levels

MCX SILVER JULY BEARISH

Resistance 2

45246
Resistance 1

41820
Support 1

38394
Support 2
34968
Strategy

Sell On Higher Levels

MCX CRUDE OIL JUN CONSOLIDATE

Resistance 2

6548
Resistance 1

6262
Support 1

5976
Support 2

5690
Strategy
Sell On Higher Levels

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MCX COPPER JUN CONSOLIDATE

Resistance 2

440
Resistance 1

422
Support 1

404
Support 2

385
Strategy

Sell On Higher Levels

MCX NICKEL JUN CONSOLIDATE

Resistance 2

1331
Resistance 1

1202
Support 1

1073
Support 2

944
Strategy

Sell On Higher Levels

MCX LEAD JUN

Resistance 2
Resistance 1
Support 1
Support 2
Strategy

CONSOLIDATE

134

127

120

112

Buy On Dips

MCX ZINC JUN

Resistance 2
Resistance 1
Support 1
Support 2
Strategy

CONSOLIDATE

132

125

119

112

Buy On Dips

MCX ALUMINIUM JUN CONSOLIDATE

Resistance 2

116
Resistance 1

109
Support 1

102
Support 2

96
Strategy

Sell On Higher Levels

MCX NATURAL
Resistance 2
Resistance 1
Support 1
Support 2
Strategy

GAS JUN CONSOLIDATE

323

286

249

211

Sell On Higher Levels

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