Daily Commodity Report - Inventure Growth · Daily Commodity Report as on Monday, June 01, 2015 MCX...

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Open High Low Close % Cng Gold 27100 27171 27025 27125 0.05 Silver 38365 38550 38217 38349 0.14 Aluminium 112.70 113.00 110.05 110.10 -2.13 Copper 393.80 393.95 386.00 386.65 -1.48 Lead 127.95 128.20 123.50 124.45 -2.08 Nickel 817.80 821.90 806.10 808.00 -1.57 Zinc 142.95 143.90 139.40 139.60 -2.31 Crude 3670.00 3878.00 3670.00 3869.00 5.48 Nat. Gas 174.20 175.10 169.50 169.80 -2.64 Chana 4790 4894 4790 4873 1.84 Cardamom 800.1 804.9 799.3 801.0 -0.01 Turmeric 7760 7880 7730 7854 0.77 Jeera 17815 18010 17755 17855 0.68 Wheat 1503 1509 1498 1506 0.20 Soybean 3892 3912 3851 3890 0.23 Ref. Oil 588.7 604.0 586.0 602.8 2.61 CPO 450.7 463.8 448.0 462.0 2.69 RMSeed 4295 4324 4261 4306 0.58 Mentha Oil 936.5 970.0 926.2 953.2 1.39 Cotton 16240 16490 16230 16400 1.30 USDINR 64.17 64.24 64.04 64.20 0.05 EURINR 70.16 70.51 70.01 70.38 0.61 GBPINR 98.21 98.31 97.76 97.82 -0.13 JPYINR 51.78 51.89 51.64 51.82 0.42 Daily Commodity Report as on Monday, June 01, 2015 Most of the spices counter on the NCDEX ended with gains. Turmeric and jeera prices ended with more than half per cent gains whereas dhaniya prices settled flat. Turmeric prices ended with gains on the back of increased buying by retailers and stockists. Jeera prices recovered from recent sell off as exports started rising at the lower levels amidst falling arrivals. Trading Calls for the Day BUY SILVER JULY @ 38100 SL 37850 TGT 38560-38800.MCX BUY CRUDE OIL JUNE @ 3630 SL 3580 TGT 3680-3720.MCX BUY GOLD AUG ABV 27150 SL 27000 TGT 27300-27540.MCX Rupee settled flat on month-end dollar demand from importers despite a weak dollar on hopes of no immediate rate hike by the Federal Reserve. SELL MENTHA OIL JUNE @ 970 SL 985 TGT 954-932-920.MCX SELL SOYABEAN AUG @ 3940 SL 3990 TGT 3890-3820.NCDEX BUY CHANA JULY ABV 4890 SL 4850 TGT 4930-4970-5000. NCDEX Precious Metals Base Metal Energy Agri Currency SELL COPPER JUNE @ 390 SL 394.50 TGT 387.20-384.50.MCX Round up Gold settled flat supported by softer dollar and uncertainty over Greece's debt talks, but remained under pressure from expectations U.S. interest rates might rise soon. Base metals prices ended with losses due to concerns about the economic outlook for big metals consumer China, but prospects that Chinese stimulus measures would revive demand has kept a floor under prices. Chinese factories struggled to expand in May despite recent interest rate cuts and other policy stimulus. Crude oil prices rallied as a dwindling U.S. rig count provided the clearest indication in months that concerns over a glut of oversupply may be easing.

Transcript of Daily Commodity Report - Inventure Growth · Daily Commodity Report as on Monday, June 01, 2015 MCX...

Page 1: Daily Commodity Report - Inventure Growth · Daily Commodity Report as on Monday, June 01, 2015 MCX Crude oil MCX Crude oil Crudeoil settled up 5.48% at 3869 as a dwindling U.S. rig

Open High Low Close % Cng

Gold 27100 27171 27025 27125 0.05Silver 38365 38550 38217 38349 0.14

Aluminium 112.70 113.00 110.05 110.10 -2.13Copper 393.80 393.95 386.00 386.65 -1.48Lead 127.95 128.20 123.50 124.45 -2.08Nickel 817.80 821.90 806.10 808.00 -1.57Zinc 142.95 143.90 139.40 139.60 -2.31

Crude 3670.00 3878.00 3670.00 3869.00 5.48Nat. Gas 174.20 175.10 169.50 169.80 -2.64

Chana 4790 4894 4790 4873 1.84Cardamom 800.1 804.9 799.3 801.0 -0.01Turmeric 7760 7880 7730 7854 0.77Jeera 17815 18010 17755 17855 0.68

Wheat 1503 1509 1498 1506 0.20Soybean 3892 3912 3851 3890 0.23Ref. Oil 588.7 604.0 586.0 602.8 2.61CPO 450.7 463.8 448.0 462.0 2.69RMSeed 4295 4324 4261 4306 0.58Mentha Oil 936.5 970.0 926.2 953.2 1.39Cotton 16240 16490 16230 16400 1.30

USDINR 64.17 64.24 64.04 64.20 0.05EURINR 70.16 70.51 70.01 70.38 0.61GBPINR 98.21 98.31 97.76 97.82 -0.13JPYINR 51.78 51.89 51.64 51.82 0.42

Daily Commodity Reportas on Monday, June 01, 2015

Most of the spices counter on the NCDEX endedwith gains. Turmeric and jeera prices ended withmore than half per cent gains whereas dhaniyaprices settled flat. Turmeric prices ended with gainson the back of increased buying by retailers andstockists. Jeera prices recovered from recent sell offas exports started rising at the lower levels amidstfalling arrivals.

Trading Calls for the Day

BUY SILVER JULY @ 38100 SL 37850 TGT 38560-38800.MCX

BUY CRUDE OIL JUNE @ 3630 SL 3580 TGT 3680-3720.MCX

BUY GOLD AUG ABV 27150 SL 27000 TGT 27300-27540.MCX

Rupee settled flat on month-end dollar demand fromimporters despite a weak dollar on hopes of noimmediate rate hike by the Federal Reserve.

SELL MENTHA OIL JUNE @ 970 SL 985 TGT 954-932-920.MCX

SELL SOYABEAN AUG @ 3940 SL 3990 TGT 3890-3820.NCDEX

BUY CHANA JULY ABV 4890 SL 4850 TGT 4930-4970-5000. NCDEX

Precious Metals

Base Metal

Energy

Agri

Currency

SELL COPPER JUNE @ 390 SL 394.50 TGT 387.20-384.50.MCX

Round up

Gold settled flat supported by softer dollar and uncertainty overGreece's debt talks, but remained under pressure fromexpectations U.S. interest rates might rise soon.

Base metals prices ended with losses due to concerns about theeconomic outlook for big metals consumer China, but prospects thatChinese stimulus measures would revive demand has kept a floorunder prices. Chinese factories struggled to expand in May despiterecent interest rate cuts and other policy stimulus.

Crude oil prices rallied as a dwindling U.S. rig count provided theclearest indication in months that concerns over a glut of oversupplymay be easing.

Page 2: Daily Commodity Report - Inventure Growth · Daily Commodity Report as on Monday, June 01, 2015 MCX Crude oil MCX Crude oil Crudeoil settled up 5.48% at 3869 as a dwindling U.S. rig

Open 27100High 27171Low 27025Close 27125% Cng 0.05OI 8383Volume 4933Resist 2 27253Resist 1 27189Support 1 27043Support 2 26961

Open 38365High 38550Low 38217Close 38349% Cng 0.14OI 8788Volume 15500Resist 2 38705Resist 1 38527Support 1 38194Support 2 38039

Gold edged up supported by a softer dollar and uncertainty over Greece's debt talks, but remained under pressure from expectations U.S. interest rates mightrise soon. The prospect of higher rates, which would boost the opportunity cost of holding non-yielding gold while lifting the dollar, kept the metal on track for asecond weekly drop. The dollar weakened after data showed the U.S. economy contracted in the first quarter. The greenback's weakness came after rallyingnearly 3 percent after Federal Reserve Chair Janet Yellen said last week that the U.S. central bank was on track to raise rates later this year. There were mixedsignals this week on the outcome of talks over Greece's debt, without which Athens risks default or bankruptcy in weeks. A Greek government spokesman saidon Thursday that it intended to agree a cash-for-reforms deal by Sunday. Euro zone officials suggested, though, that a deal was far from imminent, and the headof the International Monetary Fund was quoted as saying Greece could fall out of the euro zone. Investors noted quiet gold trading overnight in Asia, the metal'smain physical markets, where premiums in major trading centers failed to rise this week despite the price drop. On the economic front, economic activity in theU.S. contracted for the first time in a year in the first quarter of 2015, revised data from the Commerce Department showed. The U.S. gross domestic productfell by 0.7 percent in the first quarter compared to the previously reported 0.2 percent uptick. Technically now Gold is getting support at 27043 and below samecould see a test of 26961 level, And resistance is now likely to be seen at 27189, a move above could see prices testing 27253.

Market Snapshot

Gold trading range for the day is 26961-27253.Gold settled flat supported by softer dollar and uncertainty over Greece's debt talks, but remained under pressure from expectations U.S. interest rates might rise soon. The dollar weakened after data showed the U.S. economy contracted in the first quarter.

There were mixed signals this week on the outcome of talks over Greece's debt, without which Athens risks default or bankruptcy in weeks.

BUY GOLD AUG ABV 27150 SL 27000 TGT 27300-27540.MCX

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MCX Silver03 JUL 2015

MCX Gold05 AUG 2015

Daily Commodity Reportas on

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Silver trading range for the day is 38039-38705.

Silver edged up after some disappointing economic data from the U.S. with first quarter gross domestic product revised downward.

The dollar trended lower after fluctuating for much of the day, after the soft economic data out of the U.S. and the ongoing financial uncertainties in Greece.

The U.S. GDP report was revised to show a contraction in the first quarter, while Chicago PMI and U.S. consumer sentiment reports also disappointed.

Silver settled up 0.14% at 38349 as a basket of mixed U.S. economic data weighed on the dollar and a lack of progress with the Greek debt negotiationsremained in focus. The dollar trended lower after fluctuating for much of the day, after the soft economic data out of the U.S. and the ongoing financialuncertainties in Greece. The U.S. GDP report was revised to show a contraction in the first quarter, while the Chicago PMI and U.S. consumer sentiment reportsalso disappointed. Federal Reserve officials have already said they expect first quarter weakness to prove transitory, meaning they might still raise interest ratesthis summer. Greece's financial problems continued unabated after its international creditors late Thursday said an agreement over aid to the beleagueredcountry did not seem to be in the offing anytime soon. This is contrary to earlier reports during the week when the Greek prime minister appeared confident of adeal. Economic activity in the U.S. contracted for the first time in a year in the first quarter of 2015, revised data from the Commerce Department showed. TheU.S. gross domestic product fell by 0.7 percent in the first quarter compared to the previously reported 0.2 percent uptick. Consumer sentiment in U.S.deteriorated less than previously estimated in May, a report from the University of Michigan revealed. The consumer sentiment index for May was upwardlyrevised to 90.7 from the previously reported 88.6, although it remained below the April reading of 95.9. Technically market is under short covering as markethas witnessed drop in open interest by -1.3% to settled at 8788, now Silver is getting support at 38194 and below same could see a test of 38039 level, Andresistance is now likely to be seen at 38527, a move above could see prices testing 38705.

Market Snapshot

BUY SILVER JULY @ 38100 SL 37850 TGT 38560-38800.MCX

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Monday, June 01, 2015

Page 3: Daily Commodity Report - Inventure Growth · Daily Commodity Report as on Monday, June 01, 2015 MCX Crude oil MCX Crude oil Crudeoil settled up 5.48% at 3869 as a dwindling U.S. rig

Open 3670High 3878Low 3670Close 3869% Cng 5.48OI 12919Volume 174968Resist 2 4014Resist 1 3942Support 1 3734Support 2 3598

Open 174.2High 175.1Low 169.5Close 169.8% Cng -2.64OI 9440Volume 35033Resist 2 177.1Resist 1 173.5Support 1 167.9Support 2 165.9

Daily Commodity Reportas on Monday, June 01, 2015

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Crudeoil settled up 5.48% at 3869 as a dwindling U.S. rig count provided the clearest indication in months that concerns over a glut of oversupply in the marketmay be easing. On Friday, oil services firm Baker Hughes said the number of oil rigs in the U.S. last week dropped by 13 to 646, the lowest level since August,2010. A week earlier, the U.S. rig count fell by one to 659 marking the slowest rate decline over the last 24 weeks. Nevertheless, the rig count is still downdrastically after peaking above 1,600 last fall. Last week, U.S. crude production increased to 9.566 million barrels per day up from a total of 9.262 for the weekending May 15. Over the last two months, U.S. shale production has leveled off as crude stockpiles reached near full storage capacity. Crude inventories, as well,have decreased markedly over the past several weeks. In its weekly Petroleum Status Report released on Thursday, the Energy Information Administration (EIA)said that U.S. crude stockpiles decreased by 2.8 million barrels for the week that ended May 22, marking the fourth consecutive week of weekly declines. Energytraders await a critical OPEC meeting next week in Vienna, where OPEC officials are expected to keep production levels steady above 30 million barrels per day.Tensions in the Middle East, particularly surrounding the conflict in Yemen and ISIS gains in Iraq, have kept crude oil prices afloat. Technically market is undershort covering as market has witnessed drop in open interest by -12.34% to settled at 12919 while prices up 201 rupee, now Crudeoil is getting support at 3734and below same could see a test of 3598 level, And resistance is now likely to be seen at 3942, a move above could see prices testing 4014.

Market Snapshot

Crudeoil trading range for the day is 3598-4014.

Crude oil prices rallied as a dwindling U.S. rig count provided the clearest indication in months that concerns over a glut of oversupply may be easing.

Oil services firm Baker Hughes said the number of oil rigs in the U.S. last week dropped by 13 to 646, the lowest level since August, 2010.

Last week, U.S. crude production increased to 9.566 million barrels per day up from a total of 9.262 for the week ending May 15.

BUY CRUDE OIL JUNE @ 3630 SL 3580 TGT 3680-3720.MCX

19 JUN 2015

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MCX Natural gas

Naturalgas settled down -2.64% at 169.8 on forecasts for cooler weather that would limit demand from power plants after a Northeast heat wave. Gas stockpilesclimbed by 112 billion cubic feet in the week ended May 22, above the five-year average increase of 95 billion for the period, an Energy InformationAdministration report showed Thursday. Temperatures may be mostly average or below normal in the eastern and central U.S. through June 2, according toCommodity Weather Group LLC. Gas supplies totaled 2.101 trillion cubic feet as of May 22, 54 percent above last year’s level for the period and 0.8 percentbelow the five-year average, EIA data show. Production may climb 6 percent to average a record 79.22 billion cubic feet a day this year as a backlog of drilledwells are completed in the Marcellus shale formation, the EIA said May 12 in its monthly Short-Term Energy Outlook. The number of rigs drilling for gas in theU.S. rose by three to 225 this week, according to data from Baker Hughes Inc. in Houston. Output from the Marcellus, the biggest reservoir by volume, mayadvance to 16.737 billion cubic feet a day in June, up 14 percent from a year earlier, the EIA said May 11 in its Drilling Productivity Report. Meanwhile, weatherforecasting models called for slightly warmer than average temperatures across the U.S. over the next ten days, although not yet enough to significantly boostcooling demand. Technically market is under fresh selling as market has witnessed gain in open interest by 18.27% to settled at 9440 while prices down -4.6rupee, now Naturalgas is getting support at 167.9 and below same could see a test of 165.9 level, And resistance is now likely to be seen at 173.5, a moveabove could see prices testing 177.1.

Market Snapshot

Naturalgas trading range for the day is 165.9-177.1.

Natural gas dropped on forecasts for cooler weather that would limit demand from power plants after a Northeast heat wave.

Gas stockpiles climbed by 112 billion cubic feet in the week ended May 22, above the five-year average increase of 95 billion for the period.

The number of rigs drilling for gas in the U.S. rose by three to 225 this week, according to data from Baker Hughes.

SELL NAT GAS JUNE @ 171 SL 174.50 TGT 169-165.50-162.MCX

25 JUN 2015

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Open 393.8High 394.0Low 386.0Close 386.7% Cng -1.48OI 14216Volume 25572Resist 2 396.8Resist 1 391.8Support 1 383.9Support 2 381.0

Open 143.0High 143.9Low 139.4Close 139.6% Cng -2.31OI 4245Volume 11383Resist 2 145.5Resist 1 142.6Support 1 138.1Support 2 136.5

30 JUN 2015

30 JUN 2015MCX Zinc

Zinc settled down -2.31% at 139.6 due to concerns about the economic outlook for big metals consumer China. For all the concern about dwindling zinc supplies,one data point suggests there may still be plenty of metal available. Warehouse stockpiles increased the most in two years, data from the London MetalExchange showed. While inventories are still near the lowest since 2009, the jump suggests there may be significant holdings of the metal outside of storage.Last month zinc prices gained as Zinc producers, along with investors, have been hoping for a supply crunch to materialize after repeated warning of mineclosures and predictions of ore shortages, but supply has remained stubbornly robust. As recently as October, the ILZSG was predicting a zinc deficit for this yearof 366,000 tons, a figure more than halved to 151,000 tons this month, and itself still higher than a recent Reuters poll predicting a 143,000-ton deficit for theyear. Overall, about a million tons of supply will eventually be taken out, Robin Bhar of Societe Generale predicts, but one unknown is how much mothballedproduction could come back onstream. This year, the Chinese domestic zinc market is expected to be in surplus as domestic output and imports rise, whiledemand for the metal weakens. In the week ahead, investors will be focusing on Friday's nonfarm payrolls report for May, for fresh indications on the strength ofthe economy and the timing of a U.S. rate increase. Technically market is under fresh selling as market has witnessed gain in open interest by 6.26% to settledat 4245, now Zinc is getting support at 138.1 and below same could see a test of 136.5 level, And resistance is now likely to be seen at 142.6, a move abovecould see prices testing 145.5.

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Daily Commodity Reportas on Monday, June 01, 2015

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MCX Copper

Copper settled down -1.48% at 386.65 due to ample inventories of refined metal, but prospects that Chinese stimulus measures would revive demand has kept afloor under prices. LME copper stocks have turned down since mid-May, while ShFE copper stocks have dropped by about 60,000 tonnes since mid-April. Butphysical copper traders say there is plenty of metal held in off-exchange inventory. Output at top refined producer China was up 12 percent year to date in April.Greece's government intends to reach an agreement with its lenders on a cash-for-reforms deal by Sunday, its spokesman said, brushing off comments fromeuro zone officials suggesting a deal was far from imminent. Consumer sentiment in the U.S. deteriorated less than previously estimated in May, a report fromthe University of Michigan revealed. The consumer sentiment index for May was upwardly revised to 90.7 from the previously reported 88.6, although itremained below the April reading of 95.9. Germany's retail sales increased at a faster-than-expected pace in April, after declining in the previous two months,preliminary figures from the statistical office Destatis showed Friday. Retail sales climbed a seasonally and calendar-adjusted 1.7 percent month-over-month inApril, in contrast to a 1.4 percent decline in March. France's household consumption grew less-than-expected in April after a slump in March, amid weakerspending on durables, figures from the statistical office INSEE showed. Technically market is under fresh selling as market has witnessed gain in open interest by8.72% to settled at 14216 while prices down -5.8 rupee, now Copper is getting support at 383.9 and below same could see a test of 381 level, And resistance isnow likely to be seen at 391.8, a move above could see prices testing 396.8.

Market Snapshot

Copper trading range for the day is 381-396.8.

Copper prices ended with losses due to ample inventories of refined metal.

LME copper stocks have turned down since mid-May, while ShFE copper stocks have dropped by about 60,000 tonnes since mid-April.

Output at top refined producer China was up 12 percent year to date in April.

SELL COPPER JUNE @ 390 SL 394.50 TGT 387.20-384.50.MCX

Market Snapshot

Zinc trading range for the day is 136.5-145.5.

Zinc prices ended with losses due to concerns about the economic outlook for big metals consumer China.

While inventories are still near the lowest since 2009, the jump suggests there may be significant holdings of the metal outside of storage.

Zinc weekly stocks at Shanghai exchange came down by 3725 tonnes.

SELL ZINC JUNE @ 141 SL 142.40 TGT 138.80-137.MCX

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Page 5: Daily Commodity Report - Inventure Growth · Daily Commodity Report as on Monday, June 01, 2015 MCX Crude oil MCX Crude oil Crudeoil settled up 5.48% at 3869 as a dwindling U.S. rig

Open 936.5High 970.0Low 926.2Close 953.2% Cng 1.39OI 6749Volume 5195Resist 2 993.6Resist 1 973.4Support 1 929.6Support 2 906.0

Open 3892High 3912Low 3851Close 3890% Cng 0.23OI 36790Volume 16580Resist 2 3945Resist 1 3917Support 1 3856Support 2 3823

20 AUG 2015

Daily Commodity Reportas on Monday, June 01, 2015

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MCX Mentha Oil

Menthaoil settled up 1.39% at 953.2 amid improved demand from consuming industries in the spot market. Further, restricted arrivals from Chandausi in UttarPradesh too supported uptrend in mentha oil prices. The continuous decline of daily arrivals at the spot markets together with the active demand from mintconsuming segments are mainly supporting the mentha oil prices. Following the rise in prices, farmers are not ready to sell their produce at this rate. Hence,they are restraining from selling in anticipation of further rise in prices. The overall market factors are supportive for mentha oil prices. At the domestic front, thearrivals might further decrease and consequently mentha oil prices might trade on a strong note. Mentha oil production is expected to fall this year by 30 percent to 40,000 tonnes from 55,000 tonnes a year ago, with acreage under the commodity declining as farmers sentiment were dampened due to lower prices.Mentha oil arrivals to the spot market, especially from the Chandausi in Uttar Pradesh, have increased substantially. The resulting fall in prices was capped due to lower production of the commodity this season. Acreage is expected to fall by 20 per cent this year, to 17,500 hectare on the back of a large carry-over stockfrom last year. Technically market is under fresh buying as market has witnessed gain in open interest by 3.54% to settled at 6749 while prices up 13.1 rupee,now Menthaoil is getting support at 929.6 and below same could see a test of 906 level, And resistance is now likely to be seen at 973.4, a move above couldsee prices testing 993.6.

Market Snapshot

Menthaoil trading range for the day is 906-993.6.

Menthaoil spot is at 1058/-. Spot market is up by Rs.26/-.

Mentha oil prices ended with gains amid improved demand from consuming industries in the spot market.

Further, restricted arrivals from Chandausi in Uttar Pradesh too supported uptrend in mentha oil prices.

SELL MENTHA OIL JUNE @ 970 SL 985 TGT 954-932-920.MCX

30 JUN 2015

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NCDEX Soyabean

Soyabean settled up 0.23% at 3890 due to tight stock position following weak arrivals from the major producing belts. However, slack in export demand forsoyameal capped some gains in soyabean prices to some extent. As per 3rd advance estimates, India soybean production is reduced to 107 lakh tonnescompared to 116.41 lakh tons in 2nd estimate, due to lower average yields resulting from an unusually short monsoon season. India's oil meal exports dippedabout 44% in 2014/15 due to lower demand for soymeal as key buyers like Iran and Japan switch to cheaper supplies from South America. Acc. to latest WADSEreport, global soybean production in 2015/16 is expected to remain nearly unchanged at 317 million tons (mt). Sowing area is expected to grow 2% withincreases in all major producing countries except China. China is forecast to import a record 77 mt of the oilseed in 2015/16 (October-September), a rise of 5.5percent from the previous year. Soybean sowing in Maharashtra was recorded at 3.55 million hectares, a drop of 320,000 hectares, against 3.87 millionhectares, whereas, Rajasthan saw the highest drop of 19.3 per cent in soybean sowing at 854,000 hectares, as against 1.05 million hectares during kharif 2013,according to Soybean Processors Association of India (SOPA). The U.S. soybean crush for 2015/16 is projected at 1,825 billion bushels, up 20 million from2014/15. U.S. soybean meal use is projected to increase 3.2%. Technically market is under fresh buying as market has witnessed gain in open interest by1.69% to settled at 36790 while prices up 9 rupee, now Soyabean is getting support at 3857 and below same could see a test of 3823 level, And resistance isnow likely to be seen at 3918, a move above could see prices testing 3945.

Market Snapshot

Soyabean trading range for the day is 3823-3945.

Soyabean prices ended with gains due to tight stock position following weak arrivals from the major producing belts.

However, slack in export demand for soyameal capped some gains in soyabean prices to some extent.

According to latest WADSE report, global soybean production in 2015/16 is expected to remain nearly unchanged at 317 million tons (mt).

SELL SOYABEAN AUG @ 3940 SL 3990 TGT 3890-3820.NCDEX

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Page 6: Daily Commodity Report - Inventure Growth · Daily Commodity Report as on Monday, June 01, 2015 MCX Crude oil MCX Crude oil Crudeoil settled up 5.48% at 3869 as a dwindling U.S. rig

Open 4790High 4894Low 4790Close 4873% Cng 1.84OI 104920Volume 84990Resist 2 4956Resist 1 4914Support 1 4810Support 2 4748

Open 17815High 18010Low 17755Close 17855% Cng 0.68OI 17934Volume 4851Resist 2 18130Resist 1 17995Support 1 17740Support 2 17620

Daily Commodity Reportas on Monday, June 01, 2015

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Chana settled up 1.84% at 4873 on the back of firm trends at spot markets following rising domestic demand. Further, lower output estimates due to unseasonalrains in key growing regions too added support to chana prices. The Monsoon arrival date in Kerala remains important for this week for Chana. Prospects of risein MSP and increased imports in coming weeks are likely to support the market sentiments in coming weeks. As per 3rd Advance Estimates for 2014-15,production of pulses estimated at 17.38 million tons is lower by 1.87 million tons than last year’s production. Chana production is estimated at 7.59 million tonsvs 9.53 million tons last year. In April, pulses import value has risen more than 48% to Rs 1,197.04 cr vs Rs 808.26 cr same period last year. Indianconsumption is ~23-24 million tons and a fall in production would raise imports. As per reports, Pulses imports could rise to 4.5-5 million tons this year vs3.65million tons in 2013-14. India imports nearly 40% of its Pulses requirements from Canada. During first 11 month of 2014-15 (April 2014 to Feb 15), Indiaimported total 51.61 lakh tons pulses. Out of that, 41% (21.48 lakh tons) has been obtained from Canada. As per the Union Agriculture Ministry reports, around11.2 lakh hectares of rabi pulse crops have damaged all over the country due to unseasonal rains in March. Meanwhile, Government has extended duty freeimports of pulses including chana till September 2015. Technically market is under fresh buying as market has witnessed gain in open interest by 16.35% tosettled at 104920, now Chana is getting support at 4811 and below same could see a test of 4748 level, And resistance is now likely to be seen at 4915, a moveabove could see prices testing 4956.

Market Snapshot

Chana trading range for the day is 4748-4956.

Chana prices gained on the back of firm trends at spot markets following rising domestic demand.

Prospects of rise in MSP and increased imports in coming weeks are likely to support the market sentiments in coming weeks.

In Delhi spot market, chana gained by 52.2 rupee to end at 4650 rupee per 100 kgs.

BUY CHANA JULY ABV 4890 SL 4850 TGT 4930-4970-5000. NCDEX

20 JUL 2015

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NCDEX Jeera

Jeera settled up 0.68% at 17855 as exports started rising at the lower levels amidst falling arrivals. There will not be any direct impact of Monsoon progress onJeera as sowing is far away for the commodity. However it may affect the market sentiments to some extent depending on the arrival and the progress ofMonsoon towards the growing states of Gujarat and Rajasthan. The Jeera crop has been affected due to unseasonal rains in growing regions mainly in Rajasthan.Regular demand from stockists had been noted but got adversely affected at these higher levels. Harvesting has been affected on late rains in Rajasthan andoverall output could suffer. According to a latest update from the Agriculture Ministry there has been an increase in the area under Rabi crop coverage that wasaffected by unseasonal rainfall and hailstorms from late February to early April. India's Jeera (cumin) exports are reaching a new high even as prices have movedup in the local markets following unseasonal rains and production shortage. In volume terms, the exports - at 128,500 tonne for nine months to December -have already overtaken the total exported quantity of jeera in FY14. The shipments have slowed down in the last couple of months with buyers waiting for thenew crop. India became the principal supplier of jeera globally after a shortage of the commodity in other major producers like Syria and Turkey. Technicallymarket is under fresh buying as market has witnessed gain in open interest by 5.23% to settled at 17934 while prices up 120 rupee, now Jeera is gettingsupport at 17737 and below same could see a test of 17618 level, And resistance is now likely to be seen at 17992, a move above could see prices testing18128.

Market Snapshot

Jeera trading range for the day is 17620-18130.

Jeera prices recovered from recent sell off as exports started rising at the lower levels amidst falling arrivals.

There will not be any direct impact of Monsoon progress on Jeera as sowing is far away for the commodity.

NCDEX accredited warehouses jeera stocks gained by 935 tonnes to 17113 tonnes.

SELL JEERA JULY @ 17980 SL 18100 TGT 17750-17600.NCDEX

20 JUL 2015

Page 7: Daily Commodity Report - Inventure Growth · Daily Commodity Report as on Monday, June 01, 2015 MCX Crude oil MCX Crude oil Crudeoil settled up 5.48% at 3869 as a dwindling U.S. rig

Commodity Ratio

70.73

7.01

70.15

9.91

99.18

22.79

0.89

Change Stock

-2925 322150

-246 464364

-2075 454575

-8625 3733550

1675 158700

Daily Commodity Reportas on Monday, June 01, 2015

2

MCX CARDAMOM JUL-AUG -10.80

NCDEX DHANIYA JUL-AUG 274.00

NCDEX JEERAUNJHA JUL-AUG 295.00

91.00

MCX MENTHAOIL JUN-JUL

Nickel

Zinc

Aluminium

Lead

NCDEX SYBEANIDR AUG-OCT -392.00

LME Stock (Tons) Commodity

Copper

News you can Use

The head of the International Monetary Fund warned that Greece could fall out of the euro zone as it struggled to sort out its debt stand-off, which isadding to concern about the patchiness of global economic recovery. The finance chiefs of most of the world's biggest economies met in Germanyagainst the backdrop of Greece's unresolved crisis, rising oil prices and volatility in financial markets. Japan's finance minister expressed concernsabout a "rough" fall in the value of the yen to its lowest level against the U.S. dollar in more than 12 years, reflecting the contrasting outlooks forsome of the world's big economies. Greece was not officially on the agenda of the Group of Seven meeting on Thursday in a former palace in theeastern Germany city of Dresden. Policymakers listened to leading economists spell out ways they could finally shake off the effects of the globalfinancial crisis which struck nearly eight years ago. But with a payment deadline looming next week, the Greek crisis was high on the minds ofpolicymakers. Christine Lagarde, the IMF's managing director, a key player in the negotiations alongside the European Union, warned that the talkscould yet fail, forcing Greece into a debt default and an exit from the euro zone.

16.10

NCDEX RMSEED JUL-AUG 47.00

China's net gold imports from main conduit Hong Kong fell to an eight-month low in April, data showed, as demand for the precious metal eased amidrobust equities. Net gold imports from Hong Kong dipped to 52.204 tonnes in April, from 66.363 tonnes in March, according to data emailed toReuters by the Hong Kong Census and Statistics Department. April imports were the lowest since August last year. China was the world's topconsumer of gold in the first quarter of the year, and the second largest in 2014 after India, according to the World Gold Council. Gold prices so far in2015 have barely moved, holding on to losses from the last two years. China's consumption of jewellery, bars and coins fell 7 percent to 272.9 tonnesin the first quarter though it was still ahead of India, according to data from the World Gold Council released earlier this month. Demand in thebeginning of the year is typically strong due to the Lunar New Year, when gold is bought to be given as gifts, but tends to taper off after the holiday.China does not provide official trade data on gold, so the Hong Kong figures serve as a proxy for flows to the mainland. However, the Hong Kong datadoes not provide a full picture of Chinese purchases as imports also come directly through Shanghai and Beijing and there are no official figures forthose shipments.

NCDEX CHARJDDEL JUL-AUG

Further delay in reaching an agreement between Greece and its creditors could raise the yields on debt of other countries even though the sovereign-banking sector feedback mechanisms are less likely to cause much damage this time, the European Central Bank said in a report. "Sovereign risksemanating from Greece, in particular, have increased sharply owing to heightened political uncertainty over the past six months, while the bankingsector in Greece has witnessed substantial deposit outflows, a loss of access to the wholesale funding market and deteriorating asset quality," theECB said in its bi-annual Financial Stability Review. "Financial market reactions to the developments in Greece have been muted to date, but in theabsence of a quick agreement on structural implementation needs, the risk of an upward adjustment of the risk premia demanded on vulnerable euroarea sovereigns could materialize." Speaking on the sidelines of the release of the report, ECB Vice President Vitor Constancio stressed that there wasno 'automatic' connection between a default of the Greek government and the solvency of Greek banks. Constancio maintained that Greece will notleave euro even if it default on its debt repayments.

NCDEX TMCFGRNZM JUL-AUG 152.00

NCDEX CHILLI JUL-AUG -716.00

MCX CPO JUN-JUL 0.90

MCX ALUMINIUM JUN-JUL 1.50

Ratio Trading

Lead Zinc ratio

Silver Crude ratio

Silver Copper ratio

Gold Silver ratio

Gold Crude ratio

Gold Copper ratio

MCX NATURALGAS JUN-JUL 2.70

MCX ZINC JUN-JUL

Spread ViewCommodity Spread

41.00

0.75

2.70

MCX GOLD AUG-OCT 189.00

Crude Natural Gas ratio

MCX SILVER JUL-SEP 534.00

MCX CRUDEOIL JUN-JUL

MCX NICKEL JUN-JUL

0.55

MCX LEAD JUN-JUL

Page 8: Daily Commodity Report - Inventure Growth · Daily Commodity Report as on Monday, June 01, 2015 MCX Crude oil MCX Crude oil Crudeoil settled up 5.48% at 3869 as a dwindling U.S. rig

Daily Commodity Reportas on Monday, June 01, 2015

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