DAILY COMMODITY REPORT

Transcription

1 DAILY COMMODITY REPORT 30 1 May 2017 Epic Research India 411 Milinda Manor (Suites ) 2 RNT Marg. Opp Cental Mall Indore (M.P.) Hotline: Or give us a missed call at Our Presence HNI & NRI Sales Contact Australia Mintara Road, Tarneit, Victoria. Post Code 3029 Phone.: HNI & NRI Sales Contact USA 2117 Arbor Vista Dr. Charlotte (NC) Cell: Toll Free Number All queries should be directed to Info@epicresearch.co

2 DAILY MARKET WRAPUP COMMODITY CONTRACT OPEN PRICE HIGH LOW CLOSE PRICE OPEN INTEREST GOLD 5-Jun SILVER 5-July CRUDEOIL 19-Jun NATURAL GAS 27-Jun COPPER 30-jun NICKEL 31-May LEAD 31-May ZINC 31-May ALUMINIUM 31-May LME WAREHOUSE STOCKS (29-May- 2017) ETAL TONNES IN STORAGE ( MT ) ALUMINIUM COPPER LEAD +300 NICKEL -444 ZINC -1200

3 INTERNATIONAL MARKETS PRECIOUS AND INDUSTRY METALS COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT COMEX Gold USD/TZ 1, % Aug 2017 Gold Spot USD/t oz. 1, % N/A COMEX Silver USD/t oz % Jul 2017 COMEX Copper USD/lb % Jul 2017 Platinum Spot USD/t oz % N/A ENERGY COMMODITY FUTURES COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT Crude Oil (WTI) USD/bbl % Jul 2017 Crude Oil (Brent) USD/bbl % Jul 2017 RBOB Gasoline USD/gal % Jun 2017 NYMEX Natural Gas USD/MMBTU % Jul 2017 NYMEX Heating Oil USDGAL % Jun 2017

4 MOST ACTIVE CONTRACTS Symbol Expiry Date LTP Value (In Lacs) Volume (In Lots) CRUDEOIL MINI ,29,53, ,61,764 CRUDE OIL ,43,50, ,21,208 NATURAL GAS ,04, ,491 SILVERMICRO ,92,21, ,131 COPPER ,00, ,395 COPPERMINI ,86, ,548 NICKEL ,00,99, ,323 NICKELMINI ,61, ,366 ZINCMINI ,07, ,793 SILVER M ,00,19, ,199

5 INTRADAY SUPPORT AND RESISTANCE COMMODITY EXPIRY SUP.2 SUP.1 PIVOT RES.1 RES.2 GOLD 5-Jun SILVER 5-July CRUDEOIL 19-jun NATURAL GAS 25-May COPPER 30-jun NICKEL 31-May LEAD 31-May ZINC 31-May ALUMINIUM 31-May

6 COMMODITY BUZZ AND ECONOMIC EVENTS COMMODITY BUZZ SPECIAL NEWS Gold gained in Asia on Tuesday in cautious trade as investors awaited fresh China data points for the global metals complex.comex gold futures rose 0.14%, to $1, a troyounce. Copper futures on the Comex edged down 0.43% to $2.558 as investors trade cautious with China and Hong Kong markets shut and PMI data from the Mainland due on Wednesday expected to show a dip.tim Condon of ING Markets said the official manufacturing PMI for May is due tomorrow at 9:00 am local time with a consensus forecast of 51.0 (prior 51.2)."Bottom line: Everything is correlated with production so we expect to see the pattern we observed in the industrial enterprise profits data slowing growth in the mining, chemicals and building materials sectors and accelerating growth in the machinery and equipment sectors echoed in the IP data. We also this means the peaks in the manufacturing PMI and in IP growth are behind." President Michel Temer urged Brazil's top electoral court to decide quickly on a case alleging illegal funding of his 2014 campaign in order to lift political uncertainty overshadowing a recovery in Latin America's largest economy.helped by bumper soy and corn harvests, Brazil's economy eked out growth in the first quarter following its most painful recession in more than a century, senior officials said on the eve of an investment summit in Sao Paulo.Finance Minister Henrique Meirelles on Monday told reporters the economy likely grew by around 0.7 percent in the first quarter versus the previous one, with the incipient recovery evident in several sectors of the economy.however, the minister said growth probably sagged in the second quarter. Uncertainty over the government's reform agenda and a broadening graft scandal was capped this month by plea bargain deals by executives at meatpacking company JBS (SA:JBSS3) who accused Temer of endorsing the alleged bribery of a potential witness in a corruption probe. Crude rose in Asia on Tuesday on expectations the U.S. summer driving season got off to a strong start at the Memorial Day weekend, signaling higher demand in the world's top importer.the U.S. West Texas Intermediate crude July contract rose 0.28% to $49.94, briefly edging above $50 in early Asia. Elsewhere, Brent oil for August delivery on the ICE Futures Exchange in London was last quoted down 0.06% to $52.55 a barrel.the American Automobile Association (AAA) said ahead of Memorial Day that it expected 39.3 million Americans to travel 50 miles (80 km) or more away from home over the Memorial Day weekend."that is 1 million more travellers than last year taking to the roads, skies, rails and water, creating the highest Memorial Day travel volume since 2005," the AAA said. Greece's creditors need to reach a deal on debt relief measures at the next meeting of euro zone finance ministers in June to help the country return to bond markets, its finance minister said on Monday.Euro zone finance ministers failed to agree with the International Monetary Fund last week on Greek debt relief as well as failing to release new loans to Athens. They did however come close enough to aim to do both at their June meeting."the Greek government feels it's done its part of what it promised," Finance Minister Euclid Tsakalotos said, referring to parliamentary approval this month on a package of reforms to be implemented in , when its existing bailout expires.greece adopted the package to try to coax the IMF into participating in its 86-billion-euro ($96-billion) bailout and to qualify for debt relief. Germany sees IMF buy-in as vital.

7 COMMODITY NEWS COMMODITY HEADLINES Nickel futures little changed on global cues Zinc futures in reverse gear White metal surges on safe-haven demand Copper futures in reverse gear Yellow metal little changed on global cues Crude oil keeps head above water

8 EPIC RESEARCH ANALYST SPEAKS GOLD BUY GOLD ABOVE TGT 29050/29150 SL BELOW SELL GOLD BELOW TGT28690/28590 SL ABOVE 28890

9 EPIC RESEARCH ANALYST SPEAKS SILVER BUY SILVER ABOVE TGT 40650/40900 SL BELOW SELL SILVER BELOW TGT 39800/39500 SL ABOVE 40257

10 TODAY S ECONOMIC EVENTS TUESDAY, 30 MAY Time Cur. Event Forecast Previous 04:15 NZD Building Consents (MoM) (Apr) -1.2% 05:00 JPY Household Spending (MoM) (Apr) 1.1% -2.0% 05:00 JPY Household Spending (YoY) (Apr) -0.7% -1.3% 05:00 JPY Jobs/applications ratio (Apr) :20 JPY Retail Sales (YoY) (Apr) 2.3% 2.1% 07:00 AUD Building Approvals (MoM) (Apr) 3.0% -10.3% 12:30 CHF KOF Leading Indicators (May) :45 EUR ECB's Liikanen Speaks 18:00 USD Core PCE Price Index (YoY) (Apr) 1.5% 1.6% 18:00 USD Core PCE Price Index (MoM) (Apr) 0.1% -0.1% 18:00 USD Personal Spending (MoM) (Apr) 0.4% 0.0% 18:30 USD S&P/CS HPI Composite - 20 n.s.a. (YoY) (Mar) 5.7% 5.9% 19:30 USD CB Consumer Confidence (May) :30 EUR ECB's Nowotny Speaks 22:30 USD FOMC Member Brainard Speaks

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