Daily Commodity Report 05 Feb 2014 by Epic Research

8/13/2019 Daily Commodity Report 05 Feb 2014 by Epic Research

1/13

YOUR MINTVISORY Call us at +91-731-6642300

5thFEBRUARY 2014

DAILY COMMODITY REPORT

Our PresenceEpic Research India411 Milinda Manor (Suites 409- 417)

2 RNT Marg. Opp Cental Mall

Indore (M.P.)

Hotline: +91 731 664 2300

Alternate: +91 731 664 2320

Or give us a missed call at

026 5309 0639

HNI & NRI Sales Contact AustraliaMintara Road, Tarneit, Victoria. Post Code 3029

Phone.: +61 422 063855

HNI & NRI Sales Contact USA2117 Arbor Vista Dr. Charlotte (NC)

Cell: +1 704 249 2315

Toll Free Number1-800-200-9454

All queries should be directed to

[email protected]


2/13


5thFEBRUARY 2014

COMMODITY CONTRACT OPEN PRICE HIGH LOW CLOSE PRICE CHANGE OI (in lots)GOLD 05 APR 2014 28980.00 29000.00 28606.00 28632.00 -0.61 9631

SILVER 05 MAR 2014 43717.00 43913.00 43405.00 43858.00 -0.44 13015

CRUDE 19 FEB 2014 6075.00 6114.00 6048.00 6083.00 -0.12 10328

NATURAL GAS 25 FEB 2014 312.20 330.70 312.20 310.70 5.83 17938

COPPER 28 FEB 2014 443.35 444.85 441.05 443.65 -0.46 13414

NICKEL 28 FEB 2014 870.30 877.50 861.70 870.80 -0.52 5158

LEAD 28 FEB 2014 130.85 132.70 130.00 130.65 0.00 2870

ZINC 28 FEB 2014 122.50 123.50 121.90 122.85 -0.49 2151

ALUMINIUM 28 FEB 2014 104.05 104.95 103.50 103.90 0.24 5014

DAILY MARKET WRAPUP

METAL TONNES IN STORAGEALUMINIUM -7750

COPPER -600

LEAD -500

NICKEL -126

ZINC -4675

LME WAREHOUSE STOCKS (04-FEB- 2014)


3/13


5thFEBRUARY 2014

COMMODITY UNITS PRICE CHANGE CHANGE CONTRACTCRUDE OIL (WTI) USD/BBL. 97.56 +0.37 +0.38% MAR 14

CRUDE OIL (BRENT) USD/BBL. 105.86 +0.08 +0.08% MAR 14

RBOB GASOLINE USD/GAL. 260.89 +0.58 +0.22% MAR 14

NYMEX NATURAL GAS USD/MMBTU 5.27 -0.10 -1.90% MAR 14

NYMEX HEATING OIL USD/GAL. 299.22 +0.93 +0.31% MAR 14

COMMODITY UNITS PRICE CHANGE CHANGE CONTRACTCOMEX GOLD USD/T OZ. 1,254.60 +3.40 +0.27% APR 14

GOLD SPOT USD/T OZ. 1,254.96 +0.31 +0.02% N/A

COMEX SILVER USD/T OZ. 19.56 +0.13 +0.68% MAR 14

COMEX COPPER USD/LB. 320.35 +1.15 +0.36% MAR 14

PLATINUM SPOT USD/T OZ. 1,376.13 +1.75 +0.13% N/A

INTERNATIONAL MARKETS

ENERGY COMMODITY FUTURES

PRECIOUS AND INDUSTRY METALS


4/13


5thFEBRUARY 2014

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

ALUMINIUM 28-FEB 100.80 102.30 103.10 104.60 105.40

COPPER 28-FEB 439.10 440.95 442.30 444.15 445.50

CRUDEOIL 19-FEB 5951 6004 6044 6097 6137

GOLD 5-APR 28330 28482 28750 28902 29170

LEAD 28-FEB 127.60 129.05 129.85 131.30 132.10

NATURALGAS 25-FEB 288.53 293.57 302.13 307.17 315.73

NICKEL 28-FEB 842.7 855.1 863.0 875.4 883.3

SILVER 5-MAR 41919 42423 43141 43645 44363

ZINC 28-FEB 121.05 121.75 122.30 123.00 123.55

INTRADAY SUPPORT AND RESISTANCE


5/13


5thFEBRUARY 2014

MOST ACTIVE CONTRACTS

Symbol Expiry Date LTP Value (In Lacs) Volume (In Lots)NATURAL GAS 25-02-2014 328.80 3,45,14,793.60 1,04,972

SILVERMICRO 28-02-2014 43687.00 3,26,12,34,550.00 74,650

CRUDE OIL 19-02-2014 6076.00 28,11,97,280.00 46,280

SILVER M 28-02-2014 43691.00 1,68,03,55,860.00 38,460

LEADMINI 28-02-2014 130.70 28,78,667.50 22,025

SILVER 05-03-2014 43666.00 90,86,02,128.00 20,808

COPPER 28-02-2014 441.60 88,20,960.00 19,975

COPPERMINI 28-02-2014 441.65 67,02,480.40 15,176

NICKEL 28-02-2014 866.30 1,31,16,648.30 15,141

NICKELMINI 28-02-2014 866.00 1,26,27,146.00 14,581
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/


6/13


5thFEBRUARY 2014

TODAY,S COMMODITY NEWS

COMMODITY HEADLINES Government cuts import tariff value of gold & silver

Gold import likely below 500 tonnes in FY14: GJF Zinc down 0.16% on global cues, subdued demand

Nickel remains weak on sluggish demand

Copper falls by 0.1% on global cues

Chana up 1% on good demand

Coriander gains 1.13% on spot demand

Potato gains marginally on spot demand Oil prices down in Asia on weak Chinese data

Oil prices mixed after Fed taper decision Kerala will procure rubber to stabilise prices: CM


7/13


5thFEBRUARY 2014

SPECIAL NEWS For the second session in a row. MCX Gold contract

showed correction and vulnerability near Rs 29050 per

10 grams. Prices of benchmark Gold for April settle-

ment closed at Rs 28632 per 10 grams, down 1.35% on

4 February 2014. Cautious trades are recommended in

Gold and Silver contracts due to increased volatility in

the last two days. Local speculators are probably chan-

nelizing the trades, as International markets showedlimited moves on Tuesday. Gold should hold onto Rs

28454 per 10 grams levels.

MCX Crude Oil looks in a consolidation mode, and

technically looked to form cup with handle formation

before 31 January 2014. This is a bullish pattern and

marks the period of consolidation. The consolidation

period is followed by the breakout. However, after

testing a high of Rs 6199 per barrel on 31 January

2014, prices have seen a decline. This was a failure of

the pattern to get conformed. Therefore a selling pres-

sure can very much continue in the prices of Crude

Oil with supports emerging at Rs 5950 per barrel.

COMMODITY BUZZ The purchasing managers' index (PMI) for China's non-

manufacturing sector slipped for a third straight month in

January due to slowdown in the real estate sector, as per

the latest data. The index dropped to 53.4 percent in Janu-

ary, the lowest since February 2012, from 54.6 percent in

December, according to official data release. A PMI read-

ing above 50 percent indicates expansion, while a reading

below 50 percent reflects contraction. The decline in PMIfor Non manufacturing has come at a time when China

has faced a cut in the manufacturing PMI numbers, a

week before

UK purchasing managers' index, a measure of the coun-

try's construction sector performance, rose to 64.6 in

January from 62.1 in December. Construction sector ac-

tivity expanded at the fastest pace in nearly six-and-a-half

years in January, a survey by Markit Economics and the

Chartered Institute of Purchasing and Supply (CIPS) re-

vealed Tuesday. The January reading was the highest

since August 2007. The index has now posted above the

boom-or-bust threshold of 50 for nine successive months.

COMMODITY BUZZ AND ECONOMIC EVENTS


8/13


5thFEBRUARY 2014

EPIC RESEARCHANALYST SPEAKS

SILVER

SILVER MCX Short term trend is down, Immediate support @ 43500 Immediate Resistance @ 44250SILVER MCX Closed @

43858. Yesterday Intraday Range of SILVER MCX was 508. Open Interest, Volumes were 21080 lots. For today Keep a closeeye on US data, volatility may Rule the overall Market due to USDINR Movements.

BUY SILVER ABOVE 43950 TGTS 44150/44450 SL 43550

SELL SILVER BELOW 43550 TGTS 43350/43050 SL 43950


9/13


5thFEBRUARY 2014


GOLD

GOLD MCX Short term trend is down, Immediate support @ 28600Immediate Resistance @ 29000 GOLD MCX Closed @

28632 . Yesterday Intraday Range of GOLD MCX was 389 Open Interest. Volumes were 13535 lots. For today Keep a close

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

BUY SILVER ABOVE 43950 TGTS 44150/44450 SL 43550

SELL SILVER BELOW 43550 TGTS 43350/43050 SL 43950


10/13


5thFEBRUARY 2014


CASTORSEED

Castorseed Feb. looking sideways to bearish in daily chart. Momentum indicators also support bearishness, recom-mending sell on high. In Intraday basis immediate support @ 4030 & immediate resistance @ 4135.

BUY CASTORSEED FEB ABOVE 4135 TGTS 4165,4215 SL 4085

SELL CASTORSEED FEB BELOW 4030 TGTS 4000,3950 SL 4080

RESISTANCE 1 4144.7

RESISTANCE 2 4184.3

PIVOT 4072.7

SUPPORT 1 4040.3

SUPPORT 2 4000.7


11/13


5thFEBRUARY 2014


DHANIYA

Daily chart of Dhaniya shows bullishness and it will continue its rally from nearest support level to upper side. Fun-

damentally also Dhaniya is in bullish trend. Recommending buy on dips, momentum indicator RSI is below midrange. But All over Dhaniya is in bullish trend. Immediate support @ 8000 and immediate resistance @ 8085.

BUY DHANIYA FEB ABOVE 8085 TGTS 8115,8165 SL 8035

SELL DHANIYA FEB BELOW 8000 TGTS 7970,7920 SL 8050

RESISTANCE 1 8950.3

RESISTANCE 2 9018.7

PIVOT 8860..3

SUPPORT 1 8792.7

SUPPORT 2 8702.7


12/13


5thFEBRUARY 2014

TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUSWEDNESDAY, FEBRUARY 5

03:15 NZD EMPLOYMENT CHANGE (QOQ) 0.6% 1.2%

03:15 NZD UNEMPLOYMENT RATE 6.0% 6.2%

13:43 EUR SPANISH SERVICES PMI 54.8 54.2

14:13 EUR ITALIAN SERVICES PMI 48.6 47.9

14:18 EUR FRENCH SERVICES PMI 48.6 48.6

14:23 EUR GERMAN SERVICES PMI 53.6 53.6

14:28 EUR SERVICES PMI 51.9 51.9

14:58 GBP SERVICES PMI 59.0 58.8

15:30 EUR RETAIL SALES (MOM) -0.5% 1.4%

15:30 EUR RETAIL SALES (YOY) 1.5% 1.6%

18:45 USD ADP NONFARM EMPLOYMENT CHANGE 180K 238K

19:00 CAD BUILDING PERMITS (MOM) 2.0% -6.7%

20:30 USD ISM NON-MANUFACTURING EMPLOYMENT 55.8

20:30 USD ISM NON-MANUFACTURING PMI 53.7 53.0

TODAYS ECONOMIC EVENTS


13/13


5thFEBRUARY 2014

The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any re-

sponsibility (or liability)for errors of fact or opinion. Users have the right to choose the product/s that suits them the most.

Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up

on sources that we consider reliable.This material is for personal information and based upon it & takes no responsibility.

The information given herein should be treated as only factor, while making investment decision. The report does not provide individually

tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and

encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on

the information given in this report, which is in violation of rules and regulations of NSE and BSE.

The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all es-

timates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks

recommended. It is understood that anyone who isbrowsing through the site has done so at his free will and does not read any views ex-

pressed as a recommendation for which either the site or its owners oranyone can be held responsible for. Any surfing and reading of

the information is the acceptance of this disclaimer. All Rights Reserved.

Investment in equity & bullion market has its own risks.

We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any

financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer

to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our

calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then

Serious Legal Actions can be taken.

DISCLAIMER

Daily Commodity Report 05 Feb 2014 by Epic Research

Documents

Transcript of Daily Commodity Report 05 Feb 2014 by Epic Research