Daily commodity market report 02 april -2014 by epic research

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2nd APRIL 2014

DAILY COMMODITY REPORT

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2nd APRIL 2014

COMMODITY CONTRACT OPEN PRICE HIGH LOW CLOSE PRICE %CHANGE OI (in lots)

GOLD 05-APR-14 28610.00 28615.00 28031.00 28536.00 -1.72 480

SILVER 05-MAY-14 42743.00 43000.00 42551.00 42805.00 -0.53 15152

CRUDEOIL 21-APR-14 6104.00 6109.00 5983.00 6119.00 -2.22 8150

NATURALGAS 25-APR-14 262.90 264.70 257.50 262.50 -1.90 6386

COPPER 30-APR-14 403.50 404.65 402.30 404.15 -0.12 19259

LEAD 31-MAR-14 124.25 124.25 122.35 124.40 -1.57 2811

NICKEL 31-MAR-14 956.10 965.10 947.50 958.90 0.50 6121

ZINC 31-MAR-14 119.40 119.50 118.05 119.55 -1.15 1569

ALUMINIUM 31-MAR-14 106.00 106.70 105.65 106.25 0.05 2394

DAILY MARKET WRAPUP

METAL TONNES IN STORAGE

ALUMINIUM -6550

COPPER -1925

LEAD -1325

NICKEL -738

TIN UNCH

ZINC 53975

LME WAREHOUSE STOCKS (01-APRIL- 2014)


2nd APRIL 2014

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL (WTI) USD/BBL. 99.65 -1.93 -1.90% MAY 14

CRUDE OIL (BRENT) USD/BBL. 105.44 -0.18 -0.17% MAY 14

RBOB GASOLINE USD/GAL. 286.17 -5.62 -1.93% MAY 14

NYMEX NATURAL GAS USD/MMBTU 4.25 -0.03 -0.68% MAY 14

NYMEX HEATING OIL USD/GAL. 288.49 -0.29 -0.10% MAY 14

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1,281.70 +1.70 +0.13% JUN 14

GOLD SPOT USD/T OZ. 1,282.67 +3.72 +0.29% N/A

COMEX SILVER USD/T OZ. 19.78 +0.02 +0.12% MAY 14

COMEX COPPER USD/LB. 305.15 +1.70 +0.56% MAY 14

PLATINUM SPOT USD/T OZ. 1,432.38 +8.13 +0.57% N/A

INTERNATIONAL MARKETS

ENERGY COMMODITY FUTURES

PRECIOUS AND INDUSTRY METALS


2nd APRIL 2014

COMMODITY EXPIRY SUP.3 SUP.2 SUP.1 PIVOT RES.1

ALUMINIUM 30-Apr 103.58 104.92 105.63 106.97 107.68

COPPER 30-Apr 401.68 402.92 404.18 405.42 406.68

CRUDEOIL 21-Apr 6048 6084 6111 6147 6174

GOLD 5-Jun 27869 28007 28184 28322 28499

LEAD 30-Apr 123.70 124.05 124.40 124.75 125.10

NATURALGAS 25-Apr 255.97 259.23 264.97 268.23 273.97

NICKEL 30-Apr 941.2 950.0 955.0 963.8 968.8

SILVER 5-May 42316 42561 42945 43190 43574

ZINC 30-Apr 117.42 118.48 119.32 120.38 121.22

INTRADAY SUPPORT AND RESISTANCE


2nd APRIL 2014

MOST ACTIVE CONTRACTS

Symbol Expiry Date LTP Value (In Lacs) Volume (In Lots)

SILVERMICRO 30-04-2014 42615.00 2,50,91,71,200.00 58,880

CRUDE OIL 21-04-2014 5983.00 33,49,82,187.00 55,989

NATURAL GAS 25-04-2014 257.50 1,01,14,342.50 39,279

SILVER M 30-04-2014 42610.00 1,30,45,90,370.00 30,617

COPPER 30-04-2014 403.65 85,29,528.15 21,131

NICKEL 30-04-2014 963.70 1,72,39,629.30 17,889

COPPERMINI 30-04-2014 403.70 62,70,268.40 15,532

GOLD PETAL 30-04-2014 2977.00 4,57,47,559.00 15,367

NICKELMINI 30-04-2014 963.50 1,42,34,749.00 14,774

SILVER 05-05-2014 42580.00 60,74,88,860.00 14,267


2nd APRIL 2014

TODAY,S COMMODITY NEWS

COMMODITY HEADLINES JACE launches gold hedge contract

Govt reduces tariff value of gold, silver

Silver down 0.3% on weak global cues

Aluminium down 0.5% on global cues

Copper down 0.2% on global cues, subdued demand

Nickel down 0.3% on weak trend in base metals

India extends ban on export of pulses

Favourable policy support to drift agri commodity exports

India's FY14 coffee exports up 3.6%

Oil prices mixed in Asia after strong US data

Oil prices up in Asia on US data

Crude prices rise in Asian trade

India's coffee exports marginally up 2.8% in FY14

Commodities, frontier markets top Jan-Mar investment league

India's crude oil imports up 23% on fuel demand


2nd APRIL 2014

SPECIAL NEWS

The consumer price inflation for industrial workers

eased to a two year low of 6.73% in February due to

weakening pressure on food items. The year-on-year

inflation measured by monthly Consumer Price Index

for Industrial workers (CPI-IW) stood at 6.73% for

February, 2014, as compared to 7.24% for the previous

month and 12.06 per cent during the corresponding

month of the previous year, according to a Labor Min-

istry statement. The food inflation stood at 7.56% in

February, 2014, against 8.94% of the previous month

UK manufacturing production and new orders both

continued to rise at robust clips during March, main-

taining the positive start the sector has made to

2014.The ongoing upturn also supported further job

creation. Price pressures continued to ease, however, as

input costs fell and selling price inflation slowed to a

seven month low. Market CIPS Purchasing Manager's

Index eased to an eight month low of 55.3 in March,

signaling a further cooling of growth from the peaks

scaled towards the end of last year.

COMMODITY BUZZ

National Commodities and Derivatives Exchange

(NCDEX) has announced the launch of futures contracts

in Bajra expiring in the months of May 2014, June 2014

and July 2014 would be available for trading from April

01, 2014. Contracts for further expiries will be launched

as per the contract launch calendar, says the exchange.

US Gold futures managed to continue the recovery on

short covering triggered by weak dollar amid Yellen com-

ments on continuation of stimulus program. On Monday,

Fed Chair Janet Yellen said that there is still room for the

central bank to help the economy and reiterated that the

Fed's commitment to economic stimulus will still be

needed for some time. The U.S. Institute of Supply Man-

agement is to publish a report on U.S. manufacturing

growth for March later in the day. The Comex gold for

June delivery trades at $1,284.20 a troy ounce, up

$0.40and Silver May contract quotes at $19.737 a troy

ounce, down 0.015 over Monday's close Local Gold plum-

meted further on weak international market amid

stronger local currency against the greenback

COMMODITY BUZZ AND ECONOMIC EVENTS


2nd APRIL 2014

EPIC RESEARCH– ANALYST SPEAKS

SILVER

SILVER MCX Short term trend is DOWN, Immediate support @ 42200Immediate Resistance @ 43600 SILVER MCX Closed @

42588 . Yesterday Intraday Range of SILVER MCX was 440. Open Interest was down +1.24 %, Volumes were 14759 lots. For today

Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements.

BUY SILVER(MAY) ABOVE 43020 TGTS 43270/43620 SL BELOW 42600

SELL SILVER(MAY) BELOW 42500 TGTS 42300/42000 SL 42850


2nd APRIL 2014


GOLD

GOLD MCX Short term trend is down, Immediate support @ 27820 Immediate Resistance @ 28160 GOLD MCX Closed

@ 27912. Yesterday Intraday Range of GOLD MCX was 249. Open Interest was down +3.74 %, Volumes were 12918

lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements.

BUY GOLD(JUN) ABOVE 28020 TGTS 28100/28200 SL 27920

SELL GOLD(JUN) BELOW 27820 TGTS 27740/27640 SL 27920


2nd APRIL 2014


GUARSEED

Guarseed April short term trend looking sideways to bearish in daily chart. Momentum indicators is in mid range.

In intraday basis immediate support @ 4750 & immediate resistance @ 4840.

BUY GUARSEED APR ABOVE 4840 TGTS 4870,4920 SL 4790

SELL GUARSEED APR BELOW 4750 TGTS 4720,4670 SL 4800

RESISTANCE 2 4858.00


PIVOT 4738.00

SUPPORT 1 4693.00

SUPPORT 2 4617.00


2nd APRIL 2014


DHANIYA

On Technical chart Dhaniya April is in bullish trend where dhaniya April future made new high, immediate sup-

port @ 9490 and immediate resistance @ 9630.Momentum indicators RSI and is above their mid range also support

bullish trend in dhaniya. Expecting that rising in price will continue in upcoming trading session.

BUY DHANIYA APR ABOVE 9630 TGTS 9660,9710 SL 9580

SELL DHANIYA APR BELOW 9490 TGTS 9460,9410 SL 9540



PIVOT 9568.00

SUPPORT 1 9460.00

SUPPORT 2 9330.00


2nd APRIL 2014

WEDNESDAY, APRIL 2

TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS

02:00 GBP NATIONWIDE HPI (MOM) 0.8% 0.6%

02:00 GBP NATIONWIDE HPI (YOY) 9.6% 9.4%

03:00 EUR SPANISH UNEMPLOYMENT CHANGE -5.3K -1.9K

04:30 GBP CONSTRUCTION PMI 63.0 62.6

05:00 EUR GDP (QOQ) 0.3% 0.3%

05:00 EUR GDP (YOY) 0.5% 0.5%

07:45 GBP MPC MEMBER CUNLIFFE SPEAKS

08:15 USD ADP NONFARM EMPLOYMENT CHANGE 195K 139K

10:00 USD FACTORY ORDERS (MOM) 1.2% -0.7%

16:00 USD FOMC MEMBER BULLARD SPEAKS

17:45 BRL BRAZILIAN INTEREST RATE DECISION 10.75% 10.75%

20:30 AUD RETAIL SALES (MOM) 0.3% 1.2%

20:30 AUD TRADE BALANCE 0.850B 1.433B

21:00 CNY CHINESE NON-MANUFACTURING PMI 55.0

21:45 CNY CHINESE HSBC SERVICES PMI 51.0

22:00 AUD RBA GOVERNOR STEVENS SPEAKS

TODAY’S ECONOMIC EVENTS


2nd APRIL 2014

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Daily commodity market report 02 april -2014 by epic research

Economy & Finance

Transcript of Daily commodity market report 02 april -2014 by epic research