26728 26728 26500 26597 -0.46 7484 37700 37729 37107 37349 -1.45 7441 1214.99 1218.81 1214.00 1217.91 1.28 17.02 17.14 16.95 17.12 0.62 56.4325 3102 3117 3007 3037 -2.60 18007 163.5 170.2 162.9 169 3.17 9247 49.55 50.25 48.25 49.45 -1.12 2.681 2.698 2.665 2.681 -0.03 377.5 377.95 375.05 375.5 -0.84 12113 800 816.7 800 808.1 1.83 22844 130.9 132.8 130.8 132.45 1.38 3870 116.3 117.3 116.1 117 1.12 2213 111 111.65 110.9 111.15 -0.18 3579 0 0 0 5985 0.00 0 0 0 13000 0.00 0 0 0 2130 0.00 0 0 0 1879 0.00 0 0 0 1781 0.00 97.53 97.62 96.38 96.68 -0.87 1.0968 1.1018 1.0963 1.0987 0.21 1.4917 1.4935 1.4896 1.4922 0.02 62.90 62.98 62.79 62.83 -0.27 1441455 68.07 68.10 67.37 67.53 -1.06 47232 93.01 93.48 92.76 93.01 -0.14 32014 JPYINR 52.41 52.54 52.27 52.44 -0.17 9692 % Cng OI Trend Market Review Bullion Bullion Multigain Commodities Services Pvt Ltd Daily Commodity Market Buzz as on Monday, April 06, 2015 Item Open High Low Close MCX Gold Bullion settled down on some upbeat economic news from the U.S., with first- time claims for unemployment benefits dropping more than expected. Some reports say talks with Iran on its nuclear program was nearing a deal, but did little to prop up the precious metal, even as the dollar weakened against a basket of major currencies. MCX Silver Spot Gold $ Spot Silver $ Energy MCX Crude MCX Natural Gas Spot Crude $ Spot Nat.Gas $ Energy Base Metals Crude oil plunged sharply after Western powers negotiated a tentative nuclear deal with Tehran, which could add more crude to an already oversupplied market. Natural gas rose sharply on Thursday, after data showed that U.S. natural gas supplies fell more than expected last week. MCX Copper MCX Nickel MCX Zinc MCX Lead MCX Aluminium LME Copper LME Nickel LME Zinc LME Lead LME Aluminium Base Metals Copper prices dropped as market players digested a pair of reports on Chinese factory activity, amid growing concerns over a slowdown in the world's second largest economy. Despite the modest uptick in the headline number, the data underlined the view that policymakers in Beijing will have to introduce further stimulus measures to boost growth and spur economic activity. Forex Dollar Index EURUSD GBPUSD www.multigain.in Page No : 1 USDINR EURINR GBPINR Date : Monday, April 06, 2015
Bullion settled down on some upbeat economic news from the U.S., with first-time claims for unemployment benefits dropping more than expected. Somereports say talks with Iran on its nuclear program was nearing a deal, but didlittle to prop up the precious metal, even as the dollar weakened against abasket of major currencies.
Crude oil plunged sharply after Western powers negotiated a tentative nucleardeal with Tehran, which could add more crude to an already oversuppliedmarket. Natural gas rose sharply on Thursday, after data showed that U.S.natural gas supplies fell more than expected last week.
Copper prices dropped as market players digested a pair of reports on Chinesefactory activity, amid growing concerns over a slowdown in the world's secondlargest economy. Despite the modest uptick in the headline number, the dataunderlined the view that policymakers in Beijing will have to introduce furtherstimulus measures to boost growth and spur economic activity.
ForexDollar IndexEURUSDGBPUSD
www.multigain.in Page No : 1
USDINREURINRGBPINR
Date : Monday, April 06, 2015
Open High Low Close % Cng26728 26728 26500 26597 -0.46
Multigain Commodities Services Pvt Ltd
MCX Gold Jun 2015 ChartOI Vol
7484 9402
Resistance 1 Resistance 2 Resistance 3P. Point
26716 26836
Market Synopsis
Gold trading range for the day is 26380-26836.
Gold dropped after upbeat economic news from the U.S., with first-time claims for unemployment benefits dropping more than expected.
While prices again recovered on Friday after US payrolls rose less than expected in March, boosting expectations that the US Fed will delay raising interest rates.
Trading activity was lean for most markets, was shut for the Good Friday holiday. Today also thin trading as most markets shut for Easter break.
Holdings of SPDR Gold Trust, remained unchanged at 737.24 tons on Thursday, from its previous close of 743.21 tons.
26944Support 1 Support 2 Support 3
2660826488 26380 26260
BUY GOLD JUNE @ 26550 SL 26400 TGT 26680-26900.MCX
Market Synopsis
Gold settled down -0.46% at 26597 after having surged to a one-month high a day before, on some upbeat economic news from the U.S., with first-time claims for unemployment benefitsdropping more than expected. Some reports say talks with Iran on its nuclear program was nearing a deal, but did little to prop up the precious metal, even as the dollar weakened against abasket of major currencies. In some positive economic news, first-time claims for U.S. unemployment benefits unexpectedly declined in the week ended March 28, with claims falling to theirlowest level in two months. Meanwhile, new orders for U.S. manufactured goods unexpectedly increased in February, on a jump in orders for non-durable goods more than offsetting a drop inorders for durable goods. US trade deficit narrowed much more than anticipated in February, with the value of imports registering another substantial decrease. While prices again recovered onFriday after US payrolls rose less than expected in March, boosting expectations that the US Fed will delay raising interest rates. US nonfarm payrolls rose 126,000 in March, less than halfFebruary's pace and the smallest gain since December 2013, the Labor Department said on Friday. The tepid increase in payrolls ended 12 straight months of job gains above 200,000 - thelongest streak since 1994. The disappointing employment report could prod the U.S. central bank to delay a rate increase that market had expected to come in June or September amid signalsfrom the Fed it was ready to tighten monetary policy in view of a strengthening labour market. Technically market is getting support at 26488 and below same could see a test of 26380 level,And resistance is now likely to be seen at 26716, a move above could see prices testing 26836.
Date : Monday, April 06, 2015 www.multigain.in Page No : 2
Open High Low Close % Cng37700 37729 37107 37349 -1.45
Multigain Commodities Services Pvt Ltd
MCX Silver May 2015 ChartOI Vol
7441 14206
Resistance 1 Resistance 2 Resistance 3P. Point
37683 38017 38305
Market Synopsis
Silver trading range for the day is 36773-38017.
Silver dropped after upbeat economic news from U.S., with first-time claims for unemployment benefits dropping more than expected.
Silver recovered after data showing U.S. employers added the fewest jobs in over a year in March.
Silver jumped on Wednesday after U.S. private hiring in March missed market forecasts.
Bullion tends to suffer when rates rise, as that increases the opportunity cost of holding non-yielding bullion, while boosting the dollar.
Support 1 Support 2 Support 337395
37061 36773 36439
BUY SILVER MAY ABV 37460 SL 37100 TGT 37640-37850-38100.MCX
Market Synopsis
Silver settled down -1.45% at 37349 tracking weakness with Comex Silver which settled down on Thursday at 17.01 edged lower despite a weaker dollar as U.S. equities rallied following better-than-expected U.S. data that included initial jobless claims coming in below consensus. Silver prices firmed on Friday in holiday-thinned trading, after data showing U.S. employers added thefewest jobs in over a year in March fueled speculation that a U.S. interest rate hike may be delayed. Non-farm payrolls increased by 126,000 last month, the smallest gain since December 2013,the Labor Department said on Friday. That ended 12 straight months of job gains above 200,000, the longest streak since 1994. The data has led to speculation that the Federal Reserve maydelay its first increase in U.S. interest rates in nearly a decade, which had been expected later this year. The dollar tumbled as much as 1 percent against the euro after the significantly weaker-than-expected report, while U.S. Treasuries rose, with benchmark 10-year yields hitting nearly two-month lows. Bullion tends to suffer when rates rise, as that increases the opportunity cost ofholding non-yielding bullion, while boosting the dollar, in which the metal is priced. Trading activity was lean for most markets, including those in the US and Europe, shut for the Good Fridayholiday. Today also thin trading can be observed as most markets shut for Easter break. Technically market is under fresh selling as market has witnessed gain in open interest by 7.92% tosettled at 7441 while prices down -551 rupee, now Silver is getting support at 37061 and below same could see a test of 36773 level, And resistance is now likely to be seen at 37683, a moveabove could see prices testing 38017.
Date : Monday, April 06, 2015 www.multigain.in Page No : 3
Open High Low Close % Cng3102 3117 3007 3037 -2.60
Multigain Commodities Services Pvt Ltd
MCX Crudeoil Apr 2015 ChartOI Vol
18007 145394
Resistance 1 Resistance 2 Resistance 3P. Point
3101 3164 3211
Market Synopsis
Crudeoil trading range for the day is 2944-3164.
Crude oil plunged sharply on Thursday, after Western powers negotiated a tentative nuclear deal with Tehran, which could add more crude to an already oversupplied market. Prices recovered as last week's framework deal between Iran and global powers on Tehran's nuclear programme offers little chance for any significant increase in exports until 2016Market 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.
The spread between the Brent and the WTI crude contracts stood at $5.81 a barrel by close of trade on Friday, compared to $7.54 in the preceding week.
Crudeoil settled down -2.6% at 3037 plunged sharply, after Western powers negotiated a tentative nuclear deal with Tehran, which could add more crude to an already oversupplied market. Iranand the world powers reached a deal in broad general terms which will curtail Tehran's nuclear program for uranium enrichment. The deal requires Iran to limit its enrichment capacity andstockpile by two-thirds, and not enrich uranium over 3.67 percent for at least 15 years. Tehran has also agreed to enrich uranium at at only one plant, while the other facilities are to beconverted for other peaceful uses. The deal will see the EU lifting economic sanctions on Iran, which has roiled the Iranian economy for long. However, the U.S. may only lift sanctions until Iran'simplementation of the deal is confirmed. On Friday, the Labor Department reported that the U.S. economy added 126,000 new jobs in March, the smallest increase since December 2013.Economists had forecast jobs growth of 245,000 last month. The surprisingly weak report added to concerns over the outlook for economic growth after other recent economic data pointed to aslowdown at the start of the year. A slowing labor market could prompt the Fed to reconsider a planned increase in interest rates. Last month the Fed indicated that the first rate increase couldcome as soon as June, but added that continued improvement in labor markets would be a key factor it would consider. In the week ahead, markets outside the U.S. will remain closed on Mondayfor the Easter holiday. Technically market getting support at 2991 and below same could see a test of 2944 level, And resistance is now likely to be seen at 3101, a move above could see pricestesting 3164.
Date : Monday, April 06, 2015 www.multigain.in Page No : 4
Open High Low Close % Cng377.5 378.0 375.1 375.5 -0.84
Multigain Commodities Services Pvt Ltd
MCX Copper Apr 2015 ChartOI Vol
12113 16448
Resistance 1 Resistance 2 Resistance 3P. Point
377.4 379.1 380.3
Market Synopsis
Copper trading range for the day is 373.3-379.1.
Copper prices dropped as market players digested a pair of reports on Chinese factory activity, amid growing concerns over a slowdown.
Official data released earlier showed that China's manufacturing purchasing managers' index inched up to 50.1 this month.
China imported 757,700 tonnes of copper concentrate in February, falling by 18.7% on the month.
Warehouse stock for Copper at LME was at 333550mt that is up by 1425mt.
Copper settled down -0.84% at 375.5 as market players digested a pair of reports on Chinese factory activity, amid growing concerns over a slowdown in the world's second largest economy.Official data released earlier showed that China's manufacturing purchasing managers' index inched up to 50.1 this month, just above the 50-point level that separates growth in activity fromcontraction. Despite the modest uptick in the headline number, the data underlined the view that policymakers in Beijing will have to introduce further stimulus measures to boost growth andspur economic activity. China imported 757,700 tonnes of copper concentrate in February, falling by 18.7% on the month. February’s import volumes were well below H2 2014’s monthly averageof 1.07 million mt. Some sellers slowed deliveries late last year in favor of 2015 shipments. This was reflected as a decline in concentrate imports in January and into February Iran has reportedlyentered into framework agreement with six countries on nuclear issue, and Russia’s crude oil output surged in March, causing crude prices to fall by 1.9%. In the US, new orders for mining, oilfield and gas field machinery were down 16.6% in February, presaging falls in crude prices. The US February trade deficit hit a five year low and initial jobless claims beat forecast, allowing USshares to move higher. Technically market is under fresh selling as market has witnessed gain in open interest by 5.67% to settled at 12113 while prices down -3.2 rupee, now Copper is gettingsupport at 374.5 and below same could see a test of 373.3 level, And resistance is now likely to be seen at 377.4, a move above could see prices testing 379.1.
Date : Monday, April 06, 2015 www.multigain.in Page No : 5
Open High Low Close % Cng800.0 816.7 800.0 808.1 1.83
Multigain Commodities Services Pvt Ltd
MCX Nickel Apr 2015 ChartOI Vol
22844 22723
Resistance 1 Resistance 2 Resistance 3P. Point
816.6 825.0 833.3
Market Synopsis
Nickel trading range for the day is 791.6-825.
Nickel rebounded as some investors regarded the recent losses as overdone
Nickel tumbled last week, hit by heavy fund selling largely on worries about lacklustre demand in the stainless steel sector
Reflecting an improvement in demand, premiums for Shanghai bonded nickel jumped $20 to $135.
Warehouse stock for Nickel at LME was at 431790mt that is down by -1206mt.
Support 1 Support 2 Support 3808.3
799.9 791.6 783.2
SELL NICKEL MAR @ 815 SL 826 TGT 802-790.MCX
Market Synopsis
Nickel settled up 1.83% at 808.1 as prices rebounded as some investors regarded the recent losses as overdone while a slide in the dollar ahead of the long Easter weekend helped boost othermetals. Nickel tumbled to its lowest levels in nearly six years last week, hit by heavy fund selling largely on worries about lacklustre demand in the stainless steel sector. Some investors believedthe drop to be exaggerated, since it put a large swathe of the important Chinese nickel pig iron (NPI) sector into loss-making territory. Chinese Premier Li Keqiang said last month that he woulddo all he could to fight pollution, and some steel and NPI producers have already been closed in an indication that the government is stepping up enforcement of new environmental laws.Reflecting an improvement in demand, premiums for Shanghai bonded nickel jumped $20 to $135.China’s March official PMI rebounded. ADP’s employment data for the US were sluggish,triggering market concerns over US economy. LME nickel prices opened at USD 12,310/mt, then rebounded to USD 12,570/mt, and leveled off. During US trading session, LME nickel pricesclimbed further to USD 12,775/mt, and closed at USD 12,700/mt, up 2.83%. Technically market is under short covering as market has witnessed drop in open interest by -14.62% to settled at22844 while prices up 14.5 rupee, now Nickel is getting support at 799.9 and below same could see a test of 791.6 level, And resistance is now likely to be seen at 816.6, a move above could seeprices testing 825.
Date : Monday, April 06, 2015 www.multigain.in Page No : 6
Open High Low Close % Cng130.9 132.8 130.8 132.5 1.38
Multigain Commodities Services Pvt Ltd
MCX Zinc Apr 2015 ChartOI Vol
3870 7283
Resistance 1 Resistance 2 Resistance 3P. Point
133.2 134.0 135.2
Market Synopsis
Zinc trading range for the day is 130-134.
Zinc settled up 1.38% at 132.45 tracking gain's from LME Zinc which ended 1.2 percent higher at $2,128
First-time claims for U.S. unemployment benefits unexpectedly declined, with claims falling to their lowest level in two months.
Trading activity was lean for most markets, including those in the US and Europe, shut for the Good Friday holiday.
Warehouse stock for Zinc at LME was at 510950mt that is up by 325mt.
Support 1 Support 2 Support 3132.0
131.2 130.0 129.2
SELL ZINC APR @ 133 SL 134.20 TGT 132.20-131.MCX
Market Synopsis
Zinc settled up 1.38% at 132.45 tracking gain's from LME Zinc which ended 1.2 percent higher at $2,128 a tonne after touching a six-week high of $2,134 extended its rebound on Thursday assome investors regarded the recent losses as overdone while a slide in the dollar ahead of the long Easter weekend helped boost other metals. In some positive economic news, first-time claimsfor U.S. unemployment benefits unexpectedly declined in the week ended March 28, with claims falling to their lowest level in two months. Meanwhile, new orders for U.S. manufactured goodsunexpectedly increased in February, on a jump in orders for non-durable goods more than offsetting a drop in orders for durable goods. US trade deficit narrowed much more than anticipated inFebruary, with the value of imports registering another substantial decrease. While prices again recovered on Friday after US payrolls rose less than expected in March, boosting expectations thatthe US Federal Reserve will delay raising interest rates. US nonfarm payrolls rose 126,000 in March, less than half February's pace and the smallest gain since December 2013, the LaborDepartment said on Friday. The tepid increase in payrolls ended 12 straight months of job gains above 200,000 - the longest streak since 1994. Trading activity was lean for most markets,including those in the US and Europe, shut for the Good Friday holiday. Today also thin trading can be observed as most markets shut for Easter break. Technically market is getting support at131.2 and below same could see a test of 130 level, And resistance is now likely to be seen at 133.2, a move above could see prices testing 134.
Date : Monday, April 06, 2015 www.multigain.in Page No : 7
Open High Low Close % Cng111.0 111.7 110.9 111.2 -0.18
Aluminium settled down -0.18% at 111.15 on thursday after agreement was reached over nuclear talks in Iran, sending crude oil down. This, together with risk aversion before therelease of US non-farm payrolls, caused LME aluminum to drop to USD 1,770/mt on Thursday. US initial jobless claims hit the lowest in 16 years, and US factory orders rose morethan expected. Despite positive economic data, the US dollar index still fell due to pessimism over forthcoming US non-farm payrolls, helping LME aluminum bounce back to close atUSD 1,781/mt. Also The increase in China’s official PMI in March was driven by a lift in the sub-components of output, which rose from 51.4 to 52.1, and employment. The headlinePMI number was dragged lower by falls in new orders and new export orders, suggesting stronger domestic demand was offset partly by softer external demand. The fall in China’sHSBC manufacturing index showed a fall in output and employment, with new orders also declining. The result points to weakness in China’s domestic markets. The divergence inresults likely indicates that large firms are faring better than small and medium firms in China. From data side from US the US ISM manufacturing index eased from 52.9 to a 22-month low of 51.5 in March, below forecasts centred on 52.5. The Euro Area manufacturing PMI rose from 51 to 52.2 in March, led by gains in Germany and Italy. Technically marketis under fresh selling as market has witnessed gain in open interest by 5.54% to settled at 3579 while prices down -0.2 rupee, now Aluminium is getting support at 110.8 and belowsame could see a test of 110.5 level, And resistance is now likely to be seen at 111.5, a move above could see prices testing 111.9.
Date : Monday, April 06, 2015 www.multigain.in Page No : 8
Market Synopsis
Aluminium trading range for the day is 110.5-111.9.
Aluminium prices seen supported demand hopes after two gauges of China’s manufacturing sector rose above forecasts in March.
China’s Primary Aluminum Imports Rose 26.66% MoM in February
The economic slowdown in China, the top metals consumer, is dragging other raw materials lower.
Warehouse stock for Aluminium at LME was at 3938025mt that is up by 2750mt.
Time Zone Fore. Prev. SpreadAll Day EUR 0.000 0.000All Day EUR 0.000 0.000All Day EUR 0.000 0.000
Spread between Gold JUN & AUG contractsyesterday ended at Rs.148, we have seenyesterday Gold future had traded in a negativezone and settled -0.46% down.
German Bank HolidayItalian Bank HolidaySpanish Unemployment ChangeFinal Services PMI
Multigain Commodities Services Pvt Ltd
Economical Data Daily Spread OppurtunityData Commodity Months Remark
ISM Non-Manufacturing PMILabor Market Conditions Index m/m0
MCX Silver May 2015 Jul 2015
French Bank Holiday
MCX Gold Jun 2015 Aug 2015
00
MCX Crude Apr 2015 May 2015 120
429
Spread between Silver MAY & JUL contractsyesterday ended at Rs.429, we have seenyesterday Silver future had traded in a negativezone and settled -1.45% down.
00000
ALUMINIUM
MCX Copper Apr 2015 Jun 2015 5.1
Spread between Copper APR & JUN contractsyesterday ended at Rs.5.1, we have seenyesterday Copper future had traded in a negativezone and settled -0.84% down.
LEAD
Spread between Crude oil APR & MAY contractsyesterday ended at Rs.120, we have seenyesterday Crude oil future had traded in anegative zone and settled -2.6% down.
LME Daily StockCOMMODITYCOPPERNICKELZINC
MCX Nickel Apr 2015 May 2015 7.4
Spread between Nickel APR & MAY contractsyesterday ended at Rs.7.4, we have seenyesterday Nickel future had traded in a positivezone and settled 1.83% up.
Date : Monday, April 06, 2015 www.multigain.in Page No : 8
Multigain Commodities Services Pvt Ltd
Date : Monday, April 06, 2015 www.multigain.in Page No : 9
