Commodity Daily Report 20 Nov 2013 by EPIC RESEARCH

8/13/2019 Commodity Daily Report 20 Nov 2013 by EPIC RESEARCH

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COMMODITY WRAPUP

Gold prices continued their weakness in the

global market and were seen trading almoststeady amid weak physical demand. India gold

futures remained almost steady tracking weak

global cues and on appreciation of Indian Ru-

pee against US Dollar. Comex gold futures for

December delivery was seen trading with a

gain of $1 at $1273.3 per troy ounce as of 16.07

IST.

Silver prices moved down by 0.48% to Rs

46,510 per kg in futures market yesterday as

speculators reduced their holdings on the back

of a weak global trend. At the Multi Commod-

ity Exchange, silver for delivery in March

moved down by Rs 222, or 0.48%, to Rs 46,510

per kg in business turnover of 361 lots. The

white metal for delivery in December traded

lower by Rs 205, or 0.45%, to Rs 45,130 per kg

MCX copper for November delivery was

seen trading up. The commodity witnessedto fall in the morning due to firm INR and

the prices succeeded to recover in the after-

noon trade. MCX copper for December de-

livery was seen trading with a gain of 0.06%

at Rs.433.30 per kilogram as of 17.04 IST on

Tuesday.

MCX crude oil for December delivery edged

lower amid appreciation of Indian Rupee

against US Dollar on Tuesday. The trend is

bearish. Any rise in the prices may give bet-

ter selling opportunity. MCX crude oil for

December delivery was seen trading with a

gain of 0.07% at Rs.5874 per barrel as of

17.03 IST on Tuesday.

GOLD

CRUDE OIL

COPPER

SILVER

SPECIAL NEWS COMMODITY BUZZ

*Builder confidence in the market for

newly built, single-family homes wasunchanged in November from a down-

wardly revised level of 54 on the Na-

tional Association of Home Builders/

Wells Fargo Housing Market Index

(HMI) released yesterday. This means

that for the sixth consecutive month,

more builders have viewed market con-

ditions as good than poor.

The U.S. Energy Information Administration re-

ported Thursday that crude oil inventories last

week rose by 2.6 million barrels, far more than the

994,000 barrels predicted by analysts. Total U.S.

crude oil inventories stood at 388.1 million barrelsas of last week, the highest since June.

The demand for physical silver has been very

strong this year despite the wild fluctuation in the

prices. The latest data from the US mint suggests

that a new record has been set for sales of Ameri-

can Silver Eagle bullion coins. The sales of silver

coins have hit a all time high mark of 40536

ounces from January 1st to November 18th thisyear. This is up nearly 20% compared to the total

for the whole year in 2012.


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COMMODITY LEVELS

COMMODITIES CONTRACT S2 S1 PIVOT R1 R2GOLD 05DEC2013 29787.67 30046.33 30212.67 30471.33 30637.67SILVER 05DEC2013 44773,33 45086.67 45373.33 45686.67 45973.33CRUDE 19 NOV 2013 5813.67 5854.33 5881.67 5922.33 5947.67NATURAL GAS 25 NOV 2013 219.37 221.13 224.37 226.13 229.37COPPER 29 NOV 2013 426.12 430.78 433.52 438.13 440.92NICKEL 29 NOV 2013 837.47 842.93 847.77 853.23 858.07LEAD 29 NOV 2013 126.82 128.35 129.15 130.70 131.50ZINC 29 NOV 2013 114.37 115.53 116.17 117.33 117.97ALLUMINIUM 29 NOV 2013 107.55 108.50 109.10 110.05 110.65

ITEM Contract Open High Low Close Chg. OI (inlots) TRENDGOLD 05 DEC 2013 30077 30379 29954 30305 +0.70 6989 BearishSILVER 05 DEC 2013 45156 45660 45060 45400 +0.16 10336 BearishCRUDE 19 NOV 2013 5773 5909 5841 5895 +0.26 3231 BearishNATURALGAS 25 NOV 2013 227.60 227.6 222.6 222.9 -2.23 7240 SidewaysCOPPER 29 NOV 2013 432.40 436.25 428.85 435.45 +0.44 15655 BearishNICKEL 29 NOV 2013 845.50 852.60 842.3 848.4 +0.37 8873 BearishLEAD 29 NOV 2013 128.30 129.95 127.6 129.9 +0.82 2582 BearishZINC 29 NOV 2013 115.70 116.80 115 116.7 +0.78 2409 BearishALUMINIUM 29 NOV 2013 109.25 109.70 108.15 109.45 +0.74 2239 Bearish

SUPPORT & RESISTANCE

DAILY LEVELS WITH TREND


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RECOMMENDATION

BUY GOLD ABOVE 30500 TGTS 30600/30700 SL 30400

SELL GOLD BELOW 30150 TGTS 30050/29950 SL 30250

BUY CRUDE ABOVE 5900 TGTS 5940/6000 SL 5840

SELL CRUDE BELOW 5840 TGTS 5800/5740 SL 5920

Some recovery was seen in goldon Tuesday, but gold is Weak as it

is still below 30500. If gold breaks

30150, it can go more down up to

30000 or even lower. While an

upside occurs only above 30500,

prices can go up to 30650-30800.

Crude Trend remains bearish as

long as it trades below 5900 level.

It is now required to break below

the support of 5840 for the

downside fall to continue to-

wards 5800/5760 levels in the

near term. On the other hand, di-

rect rise above 5900 with volume

could see pullbacks to 5940-5980

regions.

GOLD

CRUDE


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COMMODITY SPECIALLME INVENTORY (in tonnes)

METALS Change

Aluminium +22700Copper -1300Nickel +324Lead -700Zinc -4950

MOST ACTIVE CONTRACTS BY (VOLUME)Symbol Expiry Date LTP Value (In Lacs) Volume (In Lots)COPPER 29-11-2013 434.95 1,70,67,872.95 39,241COPPERMINI 29-11-2013 435.00 1,16,44,080.00 26,768LEADMINI 29-11-2013 129.40 21,43,640.40 16,566NICKEL 29-11-2013 847.10 1,11,79,178.70 13,197LEAD 29-11-2013 129.45 14,57,348.10 11,258NICKELMINI 29-11-2013 847.10 83,17,674.90 9,819ZINCMINI 29-11-2013 116.55 9,81,001.35 8,417ALUMINI 29-11-2013 109.45 6,28,243.00 5,740ZINC 29-11-2013 116.50 5,94,383.00 5,102ALUMINIUM 29-11-2013 109.50 3,33,865.50 3,049
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ECONOMIC CALENDER

TIME(ET) REPORT PERIOD ACTUAL CONSENSUS-FORECAST PREVIOUSMONDAY, NOV. 18

10 am Home builders' index Nov. 56 55

TUESDAY, NOV. 198:30 am

Employment cost in-dex

3Q 0.5% 0.5%

WEDNESDAY, NOV. 208:30 am Retail sales Oct. 0.1% -0.1%

8:30 am Retail sales ex-autos Oct. 0.2% 0.4%

8:30 amConsumer price in-dex

Oct. 0.0% 0.2%

8:30 am Core CPI Oct. 0.2% 0.1%

10 am Business inventories Sept. 0.3% 0.3%

10 am Existing home sales Oct. 5.23 mln 5.29 mln

2 pm FOMC minutes

THURSDAY, NOV. 218:30 am

Weekly joblessclaims

11/16 N/A N/A

8:30 am Producer price index Oct. -0.2% -0.1%

8:30 am Core PPI Oct. 0.1 0.1%

8:58 am Markit flash PMI Nov. -- 51.8

10 am Philly Fed Nov. 15.0 19.8

10 am Leading indicators Oct. --

FRIDAY, NOV. 2210 am Job openings Sept. 3.9 mln


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Commodity Daily Report 20 Nov 2013 by EPIC RESEARCH

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Transcript of Commodity Daily Report 20 Nov 2013 by EPIC RESEARCH