Daily Commodity Report 03 Feb 2014 by Epic Research

8/13/2019 Daily Commodity Report 03 Feb 2014 by Epic Research

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YOUR MINTVISORY Call us at +91-731-6642300

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DAILY COMMODITY REPORT

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COMMODITY UNITS PRICE CHANGE CHANGE CONTRACTCRUDE OIL (WTI) USD/BBL. 97.15 -0.34 -0.35% MAR 14

CRUDE OIL (BRENT) USD/BBL. 106.30 -0.10 -0.09% MAR 14

RBOB GASOLINE USD/GAL. 263.28 +0.14 +0.05% MAR 14

NYMEX NATURAL GAS USD/MMBTU 4.84 -0.10 -2.04% MAR 14

NYMEX HEATING OIL USD/GAL. 299.75 +0.04 +0.01% MAR 14

COMMODITY UNITS PRICE CHANGE CHANGE CONTRACTCOMEX GOLD USD/T OZ. 1,244.70 +4.90 +0.40% APR 14

GOLD SPOT USD/T OZ. 1,245.06 +0.51 +0.04% N/A

COMEX SILVER USD/T OZ. 19.12 -0.01 -0.03% MAR 14

COMEX COPPER USD/LB. 319.50 -0.20 -0.06% MAR 14

PLATINUM SPOT USD/T OZ. 1,381.81 +4.50 +0.33% N/A

INTERNATIONAL MARKETS

ENERGY COMMODITY FUTURES

PRECIOUS AND INDUSTRY METALS


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

ALUMINIUM 28-Feb 104.00 104.80 105.35 106.15 106.70

COPPER 28-Feb 438.97 441.58 443.27 445.88 447.57

CRUDEOIL 19-Feb 6040 6073 6121 6154 6202

GOLD 5-Apr 28125 28322 28482 28679 28839

LEAD 28-Feb 129.90 131.05 132.05 133.20 134.20

NATURALGAS 25-Feb 270.93 282.67 292.63 304.37 314.33

NICKEL 28-Feb 846.6 854.3 868.3 876.0 890.0

SILVER 5-Mar 42137 42661 42985 43509 43833

ZINC 28-Feb 121.37 122.23 123.02 123.88 124.67

INTRADAY SUPPORT AND RESISTANCE


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MOST ACTIVE CONTRACTS

Symbol Expiry Date LTP Value (In Lacs) Volume (In Lots)NATURAL GAS 25-02-2014 303.10 3,66,58,126.40 1,20,944

SILVERMICRO 28-02-2014 43470.00 4,37,56,90,200.00 1,00,660

CRUDE OIL 19-02-2014 6166.00 37,78,21,650.00 61,275

SILVER M 28-02-2014 43455.00 2,16,20,16,615.00 49,753

SILVER 05-03-2014 43415.00 1,17,66,33,330.00 27,102

COPPER 28-02-2014 445.90 91,77,513.80 20,582

GOLD PETAL 27-02-2014 2970.00 5,04,24,660.00 16,978

LEADMINI 28-02-2014 133.05 21,64,457.40 16,268

COPPERMINI 28-02-2014 445.95 71,26,726.95 15,981

NICKEL 28-02-2014 879.50 1,22,15,375.50 13,889
http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24symbol%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24symbol%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24expiry%20date%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24expiry%20date%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24value%20%28in%20lacs%29%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24value%20%28in%20lacs%29%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24volume%20%28in%20lots%29%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24volume%20%28in%20lots%29%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24volume%20%28in%20lots%29%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24value%20%28in%20lacs%29%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24expiry%20date%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24symbol%27%29/


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TODAY,S COMMODITY NEWS

COMMODITY HEADLINES Hedging by gold miners at decade low in Sept quarter

Gold falls 1% as Fed taper weighs, China demand fades Gold, silver tumble on stockists' selling Aluminium down 0.3% on global cues

Lead down 0.1% on global cues, subdued demand

Nickel down 0.1% on overseas trend, subdued demand Supply-demand gap in pulses may not narrow in coming years

Mpeda to expand farming of new variety Tilapia fish

Potato down 1.3% on weak demand, adequate stocks Crude oil down 0.3% on weak Asian cues


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SPECIAL NEWS The prices of COMEX Gold declined by $ 1240.1

per troy ounce, up 1.84%. The correction in metal

was on account of rise of US Dollar after the news

of Federal stimulus cuts. U.S. Federal Reserve de-

cided to slash its monthly bond-buying program

by a further $10 billion, as widely anticipated by

economists. The euro ended lower against the dol-

lar at $1.348 on Friday. initial jobless claims

climbed to 348000, an increase of 19000 from the

previous week's revised figure of 329000.

The U.S. Commerce Department said gross domes-

tic product increased by 3.2% in the fourth quarter

compared to the 4.1% growth seen in the third

quarter. Manufacturing activity in China con-

tracted in January with a seasonally adjusted score

of 49.5, the latest PMI from HSBC and Markit

Economics revealed Thursday. This is worse than

the flash estimate from earlier this month that in-

dicated a score of 49.6.

COMMODITY BUZZ China official nonmanufacturing Purchasing Manag-

ers' Index fell to 53.4 in January from 54.6 in Decem-

ber, the China Federation of Logistics and Purchasing

said on Monday. The services subindex declined to

51.5 in January from 52.5 in December and construc-

tion fell to 61.0 from 62.6, New orders for the entire

nonmanufacturing sector dropped to 50.9 from 51.0.

A reading above 50 indicates expansion from the pre-

vious month and below indicates contraction. Non-

manufacturing covers services, including retail, avia-

tion and software as well as real estate and construc-

tion.

The number of Australian home building permits fell

for the third straight month in December, in a sign

the boost to activity from low interest rates may be

losing some steam. Approvals to build or renovate

houses and apartments declined 2.9% from Novem-

ber. In November approvals fell 0.3%

COMMODITY BUZZ AND ECONOMIC EVENTS


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EPIC RESEARCHANALYST SPEAKS

SILVER

After long time silver has broken its strong support of 43550 level, and closed at 43309 on Friday. For the day we expect

price can take support at 42800 level while 43900 will be resistance level. Braking 42800 level with volume can take price tomore downwards at 42500-42450.

BUY SILVER ABOVE 43800 TGTS 44050/44400 SL 43500

SELL SILVER BELOW 43050 TGTS 42800/42500 SL 43400


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GOLD

Gold fell on Friday, notching its first weekly drop in six due to strong US economic growth, concerns over the US

Federal Reserve's withdrawal of monetary stimulus and a slump in Chinese demand. MCX Gold April contract trad-

ing 800 pts discounted over current contract. For the day price can find support at 28500 level.

BUY GOLD(FEB) ABOVE 29680 TGTS 29750/29850 SL 29570

SELL GOLD(FEB) BELOW 29250 TGTS 29170/29070 SL 29360


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CASTORSEED

Castorseed Feb. looking sideways to bearish in daily chart. Momentum indicators also support bearishness. Profit

booking is continue in downside, but expecting price will go down. In intraday basis immediate support @ 4080 &

immediate resistance @ 4135.

BUY CASTORSEED FEB ABOVE 4135 TGTS 4165,4215 SL 4085

SELL CASTORSEED FEB BELOW 4080 TGTS 4050,4000 SL 4130

RESISTANCE 1 4144.7

RESISTANCE 2 4184.3

PIVOT 4072.7

SUPPORT 1 4040.3

SUPPORT 2 4000.7


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DHANIYA

In Dhaniya profit booking will continue in higher levels, expecting rally will continue in up upside. Fundamentally

also Dhaniya is in bullish trend. Recommending buy on dips, momentum indicator RSI and MACD are above frommid range have plus point of bullishness. Immediate support @ 8010 and immediate resistance @ 8150.

BUY DHANIYA FEB ABOVE 8150 TGTS 8180,8230 SL 8100

SELL DHANIYA FEB BELOW 8010 TGTS 7980,7930 SL 8060

RESISTANCE 1 8215.3

RESISTANCE 2 8372.7

PIVOT 8122.7

SUPPORT 1 7965.3

SUPPORT 2 7872.3


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TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUSMONDAY FEBRUARY 03

ALL DAY HONG KONG - LUNAR NEW YEAR

ALL DAY CHINA - LUNAR NEW YEARALL DAY SINGAPORE - CHINESE NEW YEAR

03:15 NZD TRADE BALANCE (YOY) -180M -250M

03:15 NZD TRADE BALANCE (MOM) 550M 183M

05:00 JPY HOUSEHOLD SPENDING (YOY) 1.2% 0.2%

05:00 JPY TOKYO CORE CPI (YOY) 0.7% 0.7%

05:00 JPY TOKYO CPI (YOY) 0.9%

05:20 JPY INDUSTRIAL PRODUCTION (MOM) 1.2% -0.1%

06:00 AUD PPI (QOQ) 0.9% 1.3%

06:00 AUD PRIVATE SECTOR CREDIT (MOM) 0.4% 0.3%

12:30 EUR GERMAN RETAIL SALES (MOM) 0.2% 1.5%

13:15 EUR FRENCH CONSUMER SPENDING (MOM) -0.4% 1.4%

15:30 EUR CORE CPI (YOY) 0.8% 0.7%

15:30 EUR CPI (YOY) 0.9% 0.8%

15:30 EUR UNEMPLOYMENT RATE 12.1% 12.1%

19:00 CAD GDP (QOQ) 0.7%

19:00 CAD GDP (MOM) 0.2% 0.3%

19:00 CAD GDP ANNUALIZED (QOQ) 2.7%

19:00 USD CORE PCE PRICE INDEX (MOM) 0.1% 0.1%

19:00 USD EMPLOYMENT COST INDEX (QOQ) 0.4% 0.4%

19:00 USD PERSONAL SPENDING (MOM) 0.2% 0.5%

20:15 USD CHICAGO PMI 59.0 59.120:25 USD MICHIGAN CONSUMER SENTIMENT 81.0 80.4

TODAYS ECONOMIC EVENTS


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Daily Commodity Report 03 Feb 2014 by Epic Research

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