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PMEX Daily Commodity Roundup

Wednesday, December 31, 2014

Global Perspective
Gold: Gold advanced toward the highest level in more than a week as a retreat in the dollar and global equities boosted demand
for the safe haven. Immediate delivery rose to US$ 1,206.30 an ounce and traded at US$ 1,202.30 Wednesday afternoon in
Singapore, set for the first monthly advance since August this year. February delivery traded at US$ 1,201.70 at COMEX from
US$ 1,200.40 yesterday. Assets in the SPDR Gold Trust contracted to 710.81 metric tons yesterday, the lowest in more than six
years.
Crude Oil: Oil headed for the biggest annual decline since the 2008 global financial crisis as U.S. producers and the OPEC cede
no ground in their battle for market share amid a supply glut. WTI for February delivery dropped to US$ 53.55 a barrel at NYMEX
and traded at US$ 53.75 this afternoon Singapore time after touching US$ 54.12 yesterday. For year 2014 the biggest factor
driving crude prices has been U.S. shale oil.
Silver: Silver for immediate delivery decreased 0.3 percent to US$ 16.25 an ounce, tumbling 17 percent this year after a 36
percent plunge in 2013. Prices have been hurt by declining demand for a store of value and concern that slowing global growth
will cut industrial usage amid an oversupply.
Data Announcements
Following data is expected to be announced today and Friday around given times:

31-Dec-2014

02-Jan-2015

Time (PST)
06:30 pm
07:45 pm
08:00 pm
06:30 pm
07:45 pm
08:00 pm

Currency
USD
USD
USD
USD
USD
USD

Impact
High
Medium
Medium
High
Medium
Medium

Details
Unemployment Claims
Chicago PMI
Pending Home Sales m/m
Unemployment Claims
Chicago PMI
Pending Home Sales m/m

PMEX Market Overview


Traded Value in PKR Millions [LHS]

PMEX Commodity Index closed at 2,594.

20

Traded Lots in Thousands [RHS]

Major business was contributed by crude oil amounting to PKR 638


million, this was followed by gold (PKR 622 million) and silver (PKR
32 million).

10

0
23-Dec

24-Dec

26-Dec

29-Dec

30-Dec

PMEX Market Trend


2,000

PKR Millions

Pakistan Mercantile Exchange (PMEX) maintained a Net Open


Interest worth PKR 1.40 billion. Open positions in crude oil rose by 7
percent, to PKR 563 million for the last trading day. Open positions
in gold shrunk by 10 percent, remained net long for the day in
anticipation of a further price rise. PKR 236 million worth of open
interest was witnessed in silver contracts for the last trading session.

Open Interest in Commodities


Crude
Silver
Gold

1,500
1,000
500
0
23-Dec

24-Dec

26-Dec

29-Dec

30-Dec

Thousands

2,000

PKR Millions

On Tuesday at Pakistan Mercantile Exchange (PMEX) value traded


was PKR 1.29 billion as compared to PKR 1.16 billion reported on
Monday, an increase of 11 percent. Number of lots traded was
10,435.

PMEX Open Interest Summary December 30, 2014


CRUDE
10

CRUDE
100

GO1
OZ

GO10
OZ

GO100
OZ

TOLA
GOLD

SL10
OZ

SL100
OZ

SL500
OZ

Grand
Total

3,004

739

1,140

357

486

298

220

6,248

OI - Value (Millions)

163

400

138

431

36

0.05

49

180

1,404

Market Trend

NL

NL

NL

NL

NL

NL

NL

NL

NL

NL

OI - Lots

Open Interest | NL = Net Long | NS = Net Short | Value = PKR

Price Returns Summary


Return Close/Open %
Difference in Open and Close ($)
Range Day (Max Min)/Open %
Difference in Max & Min ($)
Average Return (1 Hour) %
Volatility (1 Hour) %
Return to Volatility Ratio (1 Hour)
Intraday Volatility %

Gold
1.11
13.20
2.57
30.80
0.42
0.38
1.09
1.76

Silver
2.63
0.42
4.57
0.74
0.80
0.60
1.34
2.75

Crude
-0.02
(0.01)
3.07
1.65
0.85
0.44
1.95
2.00

Crude oil prices sank to five-year low of US$ 52.68 per barrel on
Tuesday amid supply glut fears ahead of the weekly oil reserves
report from the U.S. Energy Department. Gold prices rose by 1.11
percent on weaker equities. But gains were limited as the dollar
was perched at a near-nine-year high versus a basket of major
currencies, undermining the metal's appeal as a hedge. Silver
prices rose by 2.66 percent with intraday volatility of over 2.7
percent for the last trading day.

PMEX Hourly Price Movements

CHANGE
OPEN
HIGH
LOW
CLOSE

1, 184.7
1,211.3
1,180.5
1,197.9

CHANGE

1.11
%

OPEN
HIGH
LOW
CLOSE

53.74
54.33
52.68
53.73

02:00

24:00

22:00

18:00

Low

16:00

14:00

High

06:00

02:00

24:00

22:00

20:00

18:00

16:00

14:00

12:00

10:00

08:00

06:00

02:00

15.6

24:00

15.9

52.5

22:00

53.0

1,178

20:00

1,187

18:00

16.1

16:00

53.5

14:00

1,196

12:00

16.4

10:00

54.0

08:00

1,205

06:00

16.6

20:00

Low

54.5

12:00

High

Low

SILVER US $ / t Oz

10:00

High

1,214

CRUDE OIL US $ / barrel

08:00

GOLD US $ / t Oz

CHANGE
0.02
%

OPEN
HIGH
LOW
CLOSE

15.778
16.488
15.747
16.198

2.66
%

Term of the Day


Trailing Stop Loss Order


Trailing Stop Loss Order

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DISCLAIMER: This report is for information purpose only and does not constitute an offer or solicitation to make an investment in Commodity Futures Contracts which carries risk. Any views, expressions or
opinions expressed in this report are solely for providing information to readers. Figures appearing in report are although taken from reliable sources as presented however; we are not taking any responsibility
about its accuracy, completeness and any decision taken on the basis of such information.