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Capacity Utilization and Commodity Trading Tips

Crude oil commodity trading during the week, global oil prices came under huge pressure tracking
developments from the IEA (International Energy Agency) which in its report said global consumption
for oil is seen increasing by 1.2 MBPD to 93.8 MBPD in 2015, lower by 165,000 BPD as compared to its
own forecast in the previous month. Short-term markets sentiment was further dented by comments
that Q2, 2014 consumption for the commodity fell to a near a 2 and year low amidst weakening
demand from worlds two largest consumers EU and China. Subdued demand from these regions forced
the agency to trim its demand forecast for the current and next year as well.
As per the latest developments in the fresh week, we are seeing good fall in Asian equities along with
the industrial commodities which is hurting crude oil prices as well. We saw highly disappointing Chinese
Industrial production data during the weekend wherein August IP which grew by just 6.9percentage.
WTI oil prices have declined over a per cent today with Chinese data along with dragging concerns over
ease in global oil supply taking a toll on oil prices. Last week, already we have seen a fall by around
4percentage in Brent crude and probably some of its effect too could be getting replicated into the US
Crude as the WTI in electronic session is lower to by 1.2percentage while today Brent lost around
0.6percentage to trade near two year low. We may see good gap-down opening in Indian crude today,
note that Rupee has depreciated in the opening and would be a critical factor to watch during the day.
We recommend selling from
Global Market View: Let us begin the week with a little sanguinity to have a good day ahead. We have
already seen so much of movement in the early morning. No doubt, the markets are jittery as well as in
red. The Asian markets are trading in negative after the Chinese data released over the weekend
showed that industrial production in the country rose at an annualized rate of 6.9percentage in August,
missing estimates for a gain of 8.8percentage and sharply lower from an increase of 9percentage a
month earlier. The consequences are gold and silver fell down early morning while they have revived
from the lows and currently trading at $1234 and $18.64. Today would be the day when investors might
be little baffled with the trading recommendation though the overall view remains down. Oil prices have
declined over a percent and the base metals too have declined with an average loss of more than half
per cent.
Economic data: India Trade Balance and Exports /Imports, US Manufacturing Activity in the Empire State
and Industrial Production higher levels in oil for the day. However, we need to be little cautious about
volatility may remain high in US session.
Natural gas commodity trading was advancing in first half last week on anticipation of cooling demand
in the US though the commodity plunged in second half following warmer weather forecasts in near
term and also appended by disappointing inventory report. US EIA showed, NG stocks jumped by 92 BCF
higher than expand prior figures. Currently cooler weather has receded and is likely to be taken over by
normal temperatures in East while moderately hot climate in West and North-West region. Above
weather related cues may keep NG volatile in a small range. With broader view continuing to be
negative side, we keep up selling bias with small possibility and profit potential for the day. Locally,
Rupee movement would be watched.
Commodity Trading Tips
Sell Silver mcx Dec Below at 41650 SL 41830 Tgt 41300
Sell Crude mcx oil Sep below at 5630 SL 5665 TP 5560

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