Daily commodity report 07 -april-2014 by epic research

YOUR MINTVISORY Call us at +91-731-6642300

07th APRIL 2014

DAILY COMMODITY REPORT

Our Presence

Epic Research India

411 Milinda Manor (Suites 409- 417)

2 RNT Marg. Opp Cental Mall

Indore (M.P.)

Hotline: +91 731 664 2300

Or give us a missed call at

026 5309 0639

HNI & NRI Sales Contact Australia

Mintara Road, Tarneit, Victoria. Post Code 3029

Phone.: +61 422 063855

HNI & NRI Sales Contact USA

2117 Arbor Vista Dr. Charlotte (NC)

Cell: +1 704 249 2315

Toll Free Number

1-800-200-9454

All queries should be directed to

[email protected]


07th APRIL 2014

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

GOLD 05-APR-14 28435.00 28623.00 28361.00 28435.00 0.40 53

SILVER 05-MAY-14 43108.00 43440.00 42925.00 43021.00 -0.12 14523.00

CRUDEOIL 21-APR-14 6069.00 6114.00 6055.00 6058.00 0.33 8017.00

NATURALGAS 25-APR-14 270.20 270.20 265.50 270.10 -1.11 7937

COPPER 30-APR-14 406.95 408.85 400.80 405.90 -1.18 24049

LEAD 30-APR-14 124.30 124.75 123.00 124.20 -0.68 2912

NICKEL 30-APR-14 987.90 1001.70 979.20 986.10 -0.22 743

ZINC 30-APR-14 120.00 121.35 120.00 120.30 0.25 1660

ALUMINIUM 30-APR-14 109.60 110.35 108.00 109.60 -1.46 3248

DAILY MARKET WRAPUP

METAL TONNES IN STORAGE

ALUMINIUM -4350

COPPER -2325

LEAD 375

NICKEL -990

TIN UNCH

ZINC -3000

LME WAREHOUSE STOCKS (03-APRIL- 2014)


07th APRIL 2014

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL (WTI) USD/BBL. 100.86 -0.28 -0.28% MAY 14

CRUDE OIL (BRENT) USD/BBL. 105.91 -0.81 -0.76% MAY 14

RBOB GASOLINE USD/GAL. 291.40 -1.73 -0.59% MAY 14

NYMEX NATURAL GAS USD/MMBTU 4.45 +0.02 +0.34% MAY 14

NYMEX HEATING OIL USD/GAL. 289.33 -1.46 -0.50% MAY 14

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1,304.20 +0.70 +0.05% JUN 14

GOLD SPOT USD/T OZ. 1,303.32 -0.18 -0.01% N/A

COMEX SILVER USD/T OZ. 19.94 -0.01 -0.03% MAY 14

COMEX COPPER USD/LB. 300.20 -2.05 -0.68% MAY 14

PLATINUM SPOT USD/T OZ. 1,447.13 -3.12 -0.22% N/A

INTERNATIONAL MARKETS

ENERGY COMMODITY FUTURES

PRECIOUS AND INDUSTRY METALS


07th APRIL 2014

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

ALUMINIUM 30-APR 106.23 107.12 108.73 109.62 111.23

COPPER 30-APR 395.33 398.22 403.53 406.42 411.73

CRUDEOIL 21-APR 6024 6052 6083 6111 6142

GOLD 5-JUN 27965 28113 28227 28375 28489

LEAD 30-APR 121.95 122.65 123.70 124.40 125.45

NATURALGAS 25-APR 262.90 265.00 267.60 269.70 272.30

NICKEL 30-APR 965.8 974.9 988.3 997.4 1010.8

SILVER 5-MAY 42596 42783 43111 43298 43626

ZINC 30-APR 119.30 119.95 120.65 121.30 122.00

INTRADAY SUPPORT AND RESISTANCE


07th APRIL 2014

MOST ACTIVE CONTRACTS

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

SILVERMICRO 30-04-2014 43017.00 3,54,85,15,347.00 82,491

CRUDE OIL 21-04-2014 6078.00 29,25,88,842.00 48,139

SILVER M 30-04-2014 43010.00 1,73,97,54,500.00 40,450

NATURAL GAS 25-04-2014 267.10 1,06,85,335.50 40,005

COPPER 30-04-2014 401.10 1,40,49,329.70 35,027

COPPERMINI 30-04-2014 401.00 1,11,73,063.00 27,863

NICKEL 30-04-2014 983.90 2,43,93,832.70 24,793

SILVER 05-05-2014 42968.00 99,09,28,016.00 23,062

NICKELMINI 30-04-2014 983.80 1,98,31,440.40 20,158

LEADMINI 30-04-2014 123.40 17,79,798.20 14,423


07th APRIL 2014

TODAY,S COMMODITY NEWS

COMMODITY HEADLINES RBI relaxes rough diamond import norms

ACE launches gold hedge contract

Govt reduces tariff value of gold, silver

Nickel up 0.5% on firm demand, global cues

Zinc up 0.1% on spot demand

Iron ore output set to grow 14%

Maize prices decline on lower domestic demand: USGC

Onion prices to rise on crop damage, stock building

Grain stocks at 4-yr low

Crude prices ease in Asia on profit taking

Oil prices mixed in Asia after strong US data

Oil prices up in Asia on US data

Milk prices stable for now

Crude oil up 0.3% on mixed Asian trend

Mentha oil up 0.4% on strong demand


07th APRIL 2014

SPECIAL NEWS

The market of pepper continued to be firm. Domestic

price increased up to 4% due to tight supply in most pro-

ducing countries. Although new materials are available

in Vietnam, producers are not keen to release their pep-

per at lower prices. In India, pepper prices have surged

on tight supplies amidst robust domestic and export de-

mand. The Kochi MG-1 pepper surged to Rs 57000 per

quintal from Rs 53600 per quintal last Friday.

The United States added 192,000 jobs in March, re-

cording a strong performance by the key non-farm pay-

rolls data. Every industry except manufacturing added to

payrolls, the Labor Department reported Friday. Hiring

in January and February was also t stronger than origi-

nally reported. The number of new jobs created in Feb-

ruary was raised to 197,000 from 175,000, while Janu-

ary's figure was increased to 144,000 from 129,000. The

upswing in hiring over the past two months drew more

people back into the labor force,

COMMODITY BUZZ

Gold futures jumped ahead of the US non-farm payrolls data

today, which if weak could boost gold's appeal as a safe-

haven and if strong could prompt speculation that the Fed

could lift rates earlier than previously expected. Gold for

June delivery is trading up $9 at $1294 an ounce on the

Comex division of the New York Mercantile Exchange. Yes-

terday, the metal dropped $6.20 per ounce, failing to hold on

to highs near $1300 mark German manufacturing orders

grew more than expected in February on the back of strong

domestic orders, data from the country's statistics office

showed Friday,

International Lead and Zinc study group data showed that

the Zinc markets were in deficit of 60000 tonnes in the year

2013. The data has been in deficit after six consecutive years

of surplus in the metal. This is expected to assist Zinc in the

coming days. The ILZSG has estimated that the total mine

production of Zinc in the world was 13.28 million tonnes in

January-December 2013, up from 13.15 million tonnes from

COMMODITY BUZZ AND ECONOMIC EVENTS


07th APRIL 2014

EPIC RESEARCH– ANALYST SPEAKS

SILVER

MCX Silver MAY closed at 42969, -52 pts down on Friday. Silver seems in pressure and still in bearish zone. We expect

price can correct up to 43500 level, before going down.

BUY SILVER(MAY) ABOVE 43500 TGTS 43750/44100 SL 43200

SELL SILVER(MAY) BELOW 42700 TGTS 42500/42200 SL 43000


07th APRIL 2014


GOLD

MCX Gold JUN closed at 28260, +128 pts up on Friday. Gold seems volatile due to US data although no major impact

seen after data arrive positive for bullion. Price have taken support and now it can go up to 28450 level. On the other

hand, below 28080 will take price to 27950 level.

BUY GOLD(APR) ABOVE 28350 TGTS 28430/28530 SL 28250

SELL GOLD(APR) BELOW 28080 TGTS 28000/27900 SL 28180


07th APRIL 2014


GUARSEED

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

range. In intraday basis immediate support @ 4710 & immediate resistance @ 4775.

BUY GUARSEED APR ABOVE 4775 TGTS 4805,4855 SL 4725

SELL GUARSEED APR BELOW 4710 TGTS 4680,4630 SL 4760

RESISTANCE 2 4765.00


PIVOT 4722.00

SUPPORT 1 4705.00

SUPPORT 2 4680.00


07th APRIL 2014


DHANIYA

Dhaniya daily chart shows bullish trend, but it has not given closing above its resistance 9730 in daily chart, expect-

ing profit booking will continue in upcoming trading session.RSI is in mid range. Immediate support @ 9230 & Im-

mediate resistance @9350.

BUY DHANIYA APR ABOVE 9350 TGTS 9380,9430 SL 9300

SELL DHANIYA APR BELOW 9230 TGTS 9200,9150 SL 9280



PIVOT 9245.00

SUPPORT 1 9174.00

SUPPORT 2 9037.00


07th APRIL 2014

MONDAY, APRIL 7

TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS

ALL DAY HOLIDAY CHINA - TOMB SWEEPING DAY

02:00 EUR GERMAN INDUSTRIAL PRODUCTION (MOM) 0.3% 0.8%

03:15 CHF SWISS CPI (MOM) 0.2% 0.1%

10:30 CAD BOC BUSINESS OUTLOOK SURVEY

11:45 USD FOMC MEMBER BULLARD SPEAKS

18:00 NZD NZIER BUSINESS CONFIDENCE 52

19:50 JPY ADJUSTED CURRENT ACCOUNT -0.04T -0.59T

19:50 JPY CURRENT ACCOUNT N.S.A. 0.628T -1.589T

21:30 AUD NAB BUSINESS CONFIDENCE 7

TODAY’S ECONOMIC EVENTS


07th APRIL 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 is browsing 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 or anyone 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 07 -april-2014 by epic research

Marketing

Transcript of Daily commodity report 07 -april-2014 by epic research