Daily Commodity Report 06-02-2014 by EPIC RESEARCH

8/13/2019 Daily Commodity Report 06-02-2014 by EPIC RESEARCH

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YOUR MINTVISORY Call us at +91-731-6642300

6thFEBRUARY 2014

COMMODITY CONTRACT OPEN PRICE HIGH LOW CLOSE PRICE CHANGE OI (in lots)GOLD 05 APR 2014 28720.00 29080.00 28689.00 28632.00 0.47 9433

SILVER 05 MAR 2014 43772.00 45223.00 43772.00 43557.00 2.05 10803

CRUDE 19 FEB 2014 6080.00 6154.00 6068.00 6075.00 0.36 10079

NATURAL GAS 25 FEB 2014 334.50 359.40 323.30 333.60 -1.35 15148

COPPER 28 FEB 2014 442.065 444.95 441.30 441.15 0.18 12463

NICKEL 28 FEB 2014 867.90 876.80 862.80 864.40 0.20 6625

LEAD 28 FEB 2014 131.25 132.50 130.80 130.70 0.27 2964

ZINC 28 FEB 2014 122.80 123.90 122.60 122.45 0.73 2130

ALUMINIUM 28 FEB 2014 104.20 105.50 104.20 104.05 1.11 4157

DAILY MARKET WRAPUP

METAL TONNES IN STORAGEALUMINIUM -7400

COPPER -2050

NICKEL -162

LEAD -500

ZINC -6250

LME WAREHOUSE STOCKS (05-FEB- 2014)


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COMMODITY UNITS PRICE CHANGE CHANGE CONTRACTCRUDE OIL (WTI) USD/BBL. 97.48 +0.10 +0.10% MAR 14

CRUDE OIL (BRENT) USD/BBL. 106.27 +0.02 +0.02% MAR 14

RBOB GASOLINE USD/GAL. 264.85 +4.54 +1.74% MAR 14

NYMEX NATURAL GAS USD/MMBTU 5.16 +0.13 +2.54% MAR 14

NYMEX HEATING OIL USD/GAL. 299.46 -0.22 -0.07% MAR 14

COMMODITY UNITS PRICE CHANGE CHANGE CONTRACTCOMEX GOLD USD/T OZ. 1,257.10 +0.20 +0.02% APR 14

GOLD SPOT USD/T OZ. 1,257.04 -0.88 -0.07% N/A

COMEX SILVER USD/T OZ. 19.91 +0.10 +0.50% MAR 14

COMEX COPPER USD/LB. 319.35 +0.50 +0.16% MAR 14

PLATINUM SPOT USD/T OZ. 1,382.81 +2.18 +0.16% 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 101.93 102.72 103.38 104.17 104.83

COPPER 28-FEB 435.47 438.08 439.62 442.23 443.77

CRUDEOIL 19-FEB 5978 6013 6044 6079 6110

GOLD 5-APR 28098 28352 28492 28746 28886

LEAD 28-FEB 126.87 128.43 129.57 131.13 132.27

NATURALGAS 25-FEB 295.53 303.87 318.73 327.07 341.93NICKEL 28-FEB 842.4 852.1 858.2 867.9 874.0

SILVER 5-MAR 42829 43117 43337 43625 43845

ZINC 28-FEB 120.13 121.02 121.73 122.62 123.33

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 329.10 6,17,02,300.80 1,87,488

SILVERMICRO 28-02-2014 44492.00 6,48,63,10,712.00 1,45,786

SILVER M 28-02-2014 44481.00 2,95,24,26,375.00 66,375

CRUDE OIL 19-02-2014 6097.00 37,53,31,320.00 61,560SILVER 05-03-2014 44450.00 1,52,58,35,150.00 34,327

COPPER 28-02-2014 441.95 95,23,138.60 21,548

GOLD M 05-03-2014 29304.00 50,31,49,680.00 17,170

GOLD 05-04-2014 28766.00 48,00,75,774.00 16,689

COPPERMINI 28-02-2014 442.10 69,83,853.70 15,797

LEADMINI 28-02-2014 131.05 20,61,416.50 15,730
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TODAY,S COMMODITY NEWS

COMMODITY HEADLINES

Silver futures up 0.73% on global cues and Gold down 0.27% in futures trade Copper up 0.47% on strong global cues

Aluminium rises on spot demand, overseas cues

Lead up 0.5% on strong spot demand, overseas cues Arabica coffee prices post biggest gain since 2004

Groundnut oil trading at four years low on weak demand

Potato gains 1.16% on rise in spot demand Crude oil down 0.18% on mixed Asian cues

Oil prices down in Asia on weak Chinese data

Oil prices mixed after Fed taper decision MCX board to meet on Friday over regulatory diktat on FT stake

Rubber procurement to stay till prices reach Rs 171 per kg

Mentha oil declines over 1% on profit-booking

ONGC to sell additional gas to Steel Exchange India

Gold holds above $1,250 amid shaky equities; physical demand weak


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SPECIAL NEWS US Gold futures continued the early recovery on bar-

gain buying, ahead of the ADP employment data

scheduled to release later Wednesday. The U.S. is to

release the ADP report on private sector job creation,

which leads the government's highly-anticipated non-

farm payrolls report by two days, while the ISM is to

publish a report service sector activity. Asia's stock

markets were ended Wednesday's session on a mixednote with shares in Japan bouncing off the previous

session's three-month low on the back of upbeat cor-

porate earnings.

European stock markets were rebounded on Wednes-

day, from three consecutive days of losses, helped

higher by well-received earnings reports from Swatch

Group and Alfa Laval. Data firm Markit said its com-

posite Purchasing Managers Index for the euro zone

increased to 52.9 in January from 52.1 in December,

signaling the most rapid expansion since June 2011.

However, the final January reading was lower than

the preliminary estimate of 53.2 released last month.

COMMODITY BUZZ India's steel exports to Thailand could be affected after a

recent duty imposition, states a latest update from the

Ministry of Commerce and Industry. Recently, Thailand

imposed a definitive safeguard duty on imports of certain

hot rolled steel flat products originating from India at the

ad valorem rate of 44.2% for the period 15th September

2013 to 26th February, 2014. This would be progressively

reduced as per the provisions of Agreement on Safeguardunder the World Trade Organization (WTO).

The seasonally adjusted volume of retail trade fell by 1.6%

in the Euro zone in December 2013 as compared with No-

vember 2013, after surging 0.90% in November2013, ac-

cording to estimates from Eurostat, the statistical office of

theEuropean Union. On an annual basis, the retail sales

index decreased by 1% inthe Euro zone , after surging

1.30% in the month of November 2013. U.K.'s services

sector activity grew again in January, but at a marginally

slower pace than in December, in line with the manufac-

turing sector, a survey showed Wednesday. Despite the

slowdown in the pace of expansion.

COMMODITY BUZZ AND ECONOMIC EVENTS


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EPIC RESEARCHANALYST SPEAKS

SILVER

SILVER MCX Short term trend is UP, Immediate support @ 43500Immediate Resistance @ 44250 SILVER MCX Closed @ 43557.00Yesterday Intraday Range of SILVER MCX was 1451. Volumes were 34580 lots. For today Keep a close eye on US data, volatility may

Rule the overall Market due to USDINR Movements.

BUY SILVER ABOVE 44700 TGTS 44900/45200 SL 44300

SELL SILVER BELOW 44300 TGTS 44100/43800 SL 44700


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GOLD

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

28632.00 Yesterday Intraday Range of GOLD MCX was 391 Volumes were 16800 lots. For today Keep a close eye on US data,

volatility may Rule the overall Market due to USDINR Movements.

BUY GOLD(APR) ABOVE 28900 TGTS 28980/29080 SL 28780

SELL GOLD(APR) BELOW 28600 TGTS 28520/28420 SL 28720


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CASTORSEED

Catorseed Feb. looking sideways to bearish in daily chart. Momentum indicators also support bearish-

ness, recommending sell on high. In Intraday basis immediate support @ 3990 &immediate resistance @ 4110.

BUY CASTORSEED FEB ABOVE 4110 TGTS 4140,4190 SL 4060

SELL CASTORSEED FEB BELOW 3990 TGTS 3960,3910 SL 4040

RESISTANCE 1 4144.7

RESISTANCE 2 4184.3

PIVOT 4072.7

SUPPORT 1 4040.3

SUPPORT 2 4000.7


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DHANIYA

Daily chart of Dhaniya shows bullishness and it will continue its rally from nearest support level to up-

per side. Fundamentally also Dhaniya is in bullish trend. Recommending buy on

dips ,momentum indicator RSI is below mid range. But All over dhaniya is in bullish trend. Immedi-

ate support @ 8010 and immediate resistance @ 8110.

BUY DHANIYA FEB ABOVE 8110 TGTS 8140,8190 SL 8060

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 PREVIOUSTHURSDAY, FEBRUARY 6

ALL DAY HOLIDAY NEW ZEALAND - WAITANGI DAY

06:00 AUD NAB QUARTERLY BUSINESS CONFIDENCE 3.00

06:00 AUD RETAIL SALES (MOM) 0.4% 0.7%

06:00 AUD TRADE BALANCE -0.300B -0.118B

12:15 CHF SECO CONSUMER CLIMATE 1 -5

16:30 EUR GERMAN FACTORY ORDERS (MOM) 0.4% 2.1%

17:30 GBP BOE QE TOTAL 375B 375B

17:30 GBP INTEREST RATE DECISION 0.50% 0.50%

18:15 EUR INTEREST RATE DECISION 0.25% 0.25%

19:00 CAD EXPORTS 40.00B 39.78B

19:00 CAD TRADE BALANCE -1.00B -0.94B

19:00 EUR ECB PRESS CONFERENCE

19:00 USD INITIAL JOBLESS CLAIMS 335K 348K

19:00 USD NONFARM PRODUCTIVITY (QOQ) 2.5% 3.0%

19:00 USD TRADE BALANCE -36.00B -34.30B

19:00 USD UNIT LABOR COSTS (QOQ) -0.5% -1.4%

20:30 CAD IVEY PMI 51.0 46.3

TODAYS ECONOMIC EVENTS


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Daily Commodity Report 06-02-2014 by EPIC RESEARCH

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