Daily commodity report -10-april- 2014 by epic research

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10th APRIL 2014

DAILY COMMODITY REPORT

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10th APRIL 2014

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

GOLD 05-JUN-14 28475 28559 28353 28417 -0.23% 9187

SILVER 05-MAY-14 43201 43281 42301 42675 -1.20% 15664

CRUDEOIL 21-APR-14 6157 6242 6143 6235 +1.17% 9593

NATURALGAS 25-APR-14 274 277.1 271.7 276.5 +1.06% 8369

COPPER 30-APR-14 406.4 406.95 401.3 404.2 -0.70% 21768

LEAD 30-APR-14 124.85 126.25 124.7 125.75 +0.76% 2966

NICKEL 30-APR-14 991.2 1009.3 987.4 1008.4 +1.85% 8347

ZINC 30-APR-14 121.9 122.7 121.65 121.75 -0.25% 1787

ALUMINIUM 30-APR-14 108.7 110.9 108.35 110.8 +2.03% 3537

DAILY MARKET WRAPUP

METAL TONNES IN STORAGE

ALUMINIUM -1475

COPPER -1825

LEAD UNCH

NICKEL -1596

TIN UNCH

ZINC -3275

LME WAREHOUSE STOCKS (09-APRIL- 2014)


10th APRIL 2014

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL (WTI) USD/BBL. 103.20 -0.40 -0.39% MAY 14

CRUDE OIL (BRENT) USD/BBL. 107.49 -0.49 -0.45% MAY 14

RBOB GASOLINE USD/GAL. 299.08 +1.07 +0.36% MAY 14

NYMEX NATURAL GAS USD/MMBTU 4.57 -0.02 -0.35% MAY 14

NYMEX HEATING OIL USD/GAL. 294.43 -0.97 -0.33% MAY 14

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1,315.40 +6.30 +0.48% JUN 14

GOLD SPOT USD/T OZ. 1,315.47 +3.67 +0.28% N/A

COMEX SILVER USD/T OZ. 19.99 -0.07 -0.33% MAY 14

COMEX COPPER USD/LB. 303.45 -1.65 -0.54% MAY 14

PLATINUM SPOT USD/T OZ. 1,446.88 +4.13 +0.29% N/A

INTERNATIONAL MARKETS

ENERGY COMMODITY FUTURES

PRECIOUS AND INDUSTRY METALS


10th APRIL 2014

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

ALUMINIUM 30-APR 107.47 109.13 110.02 111.68 112.57

COPPER 30-APR 398.50 401.35 404.15 407.00 409.80

CRUDEOIL 21-APR 6108 6171 6207 6270 6306

GOLD 5-JUN 28237 28327 28443 28533 28649

LEAD 30-APR 124.02 124.88 125.57 126.43 127.12

NATURALGAS 25-APR 269.70 273.10 275.10 278.50 280.50

NICKEL 30-APR 979.8 994.1 1001.7 1016.0 1023.6

SILVER 5-MAY 41772 42224 42752 43204 43732

ZINC 30-APR 120.98 121.37 122.03 122.42 123.08

INTRADAY SUPPORT AND RESISTANCE


10th APRIL 2014

MOST ACTIVE CONTRACTS

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

SILVERMICRO 30-04-2014 42697.00 3,15,12,94,782.00 73,806

CRUDE OIL 21-04-2014 6234.00 37,39,15,320.00 59,980

NATURAL GAS 25-04-2014 276.50 1,20,27,750.00 43,500

SILVER M 30-04-2014 42700.00 1,56,84,99,100.00 36,733

COPPER 30-04-2014 403.90 1,28,49,674.60 31,814

COPPERMINI 30-04-2014 403.90 1,06,56,497.60 26,384

NICKEL 30-04-2014 1008.60 2,54,85,304.80 25,268

NICKELMINI 30-04-2014 1008.70 2,01,19,530.20 19,946

SILVER 05-05-2014 42680.00 84,62,59,040.00 19,828

LEADMINI 30-04-2014 125.75 18,40,477.00 14,636


10th APRIL 2014

TODAY,S COMMODITY NEWS

COMMODITY HEADLINES

Iron ore exports from Paradip rises threefold in FY14.

Gold imports may hit 10-month high in March.

RBI relaxes rough diamond import norms.

Steel imports dip 31% in FY14.

Aluminium up marginally on firm trend abroad.

Lead up 0.2% on spot demand, global cues.

Nickel up 0.2% on global cues.

Evening trade faces opposition.

Record rise in seafood export, 1-mt mark crossed.

West Bengal's costly shrimp farming boom.

Edible oil processors urge FMC to withdraw time extension in agri commodities.

Oil prices mixed on growing Ukraine fears.

Oil prices ease in Asian trade.

Differences abound over iron ore e-auctions in Karnataka.

Philippines in dialogue with India on rubber.


10th APRIL 2014

SPECIAL NEWS

UK's office for National Statistics reported that UK's deficit of

trade in goods and services for February 2014 was £2.1 bil-

lion, compared with a deficit of £2.2 billion in the previous

month. The deficit on trade in goods was £9.1 billion in Feb-

ruary 2014; the trade position reflects exports minus imports.

Exports of goods decreased by 1.6% between January and

February 2014 to £23.5 billion. Imports for the same period

decreased by 2.2%to £32.6 billion; roughly three-quarters of

this movement is attributed to afall in the import of erratic.

UK's exports of goods continued to drop in Feb to the lowest

level in more than three years. The Office for National Statis-

tics said Wednesday that the value of goods exported to the

rest of the world fell 1.6% in February from the prior month,

to 23.5 billion pounds, the lowest figure since November

2010. A three-month average figure that strips out month-to-

month volatility in exports was also the lowest since January

2011. February's weakness was driven by poorer sales to

other countries in the European Union, the UK's biggest

trade partner.

COMMODITY BUZZ

Copper was showing contrary moves in the evening session trades

on MCX. The prices of most of the other metals are rising sharply

barring Copper that is sulking on account of expected defaults in

China. MCX Copper for April expiry was last checked at Rs 404.9

per kg, down 0.44%, even as the counterparts like Aluminium is

up by 0.2% to Rs 108.8 per kg. Lead was the strongest among all

and was marking gains of close to 1% at Rs 125.75 per kg.

MCX Crude oil futures jumped following the gains in the global

prices yesterday. The local futures topped above Rs 6200 per barrel

in intraday trades amid frenzied buying as global prices extended

their upturn following the escalating Ukraine conflict and bullish

estimates for the WTI Crude oil from the Energy Information Ad-

ministration. The WTI Crude quotes at $102.63, up 0.07 cents af-

ter briefly hitting highs near $103 per barrel.

MCX Gold futures dropped in tune with the global prices as the

traders eyed weakness in the global prices. The commodity has

edged up in the current week following a sharp upturn on Friday.

However, the prices failed to hold on near two-week highs and

eased towards $1300 per ounce yesterday.

COMMODITY BUZZ AND ECONOMIC EVENTS


10th APRIL 2014

EPIC RESEARCH– ANALYST SPEAKS

SILVER

SILVER MCX Short term trend is DOWN. Immediate support @ 42500. Immediate Resistance @ 42850. Yesterday SILVER MCX

Closed @ 42675. Yesterday Intraday Range of SILVER MCX was 980. Open Interest was UP +16.30 %, Volumes were 18801 lots.

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

BUY SILVER(MAY) ABOVE 42850 TGTS 43050/43400 SL 42500

SELL SILVER(MAY) BELOW 42500 TGTS 42300/42000 SL 42830


10th APRIL 2014


GOLD

GOLD MCX Short term trend is down. Immediate support @ 28350. Immediate Resistance @ 28600. Today GOLD MCX Closed @

28417. Yesterday Intraday Range of GOLD MCX was 209. Open Interest was UP+ 5.77 %, Volumes were 18787 lots. For today

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

BUY GOLD(JUN) ABOVE 28600 TGTS 28680/28780 SL 28480

SELL GOLD(JUN) BELOW 28350 TGTS 28270/28170 SL 28470


10th APRIL 2014


DHANIYA

Dhaniya daily chart shows bullish trend. from the nearest support level expecting bounce back will come & continue its rally

RSI is above mid range signs bullishness. Immediate support @ 9635 & Immediate resistance @ 9710.

BUY DHANIYA APR ABOVE 9710 TGTS 9740,9790 SL 9660

SELL DHANIYA APR BELOW 9635 TGTS 9605,9555 SL 9695

RESISTANCE 1 9787

RESISTANCE 2 9895

PIVOT 9725

SUPPORT 1 9545

SUPPORT 2 9411


10th APRIL 2014


GUARSEED

Guarseed April short term trend looking sideways to bearish in daily chart. Expecting from here onwards guarseed may go down

Momentum indicators RSI is below mid range, signs bearishness. In intraday basis immediate support @ 4480 & immediate resis-

tance @ 4630.

BUY GUARSEED APR ABOVE 4630 TGTS 4660,4710 SL 4580

SELL GUARSEED APR BELOW 4480 TGTS 4450,4400 SL 4530

RESISTANCE 1 4580

RESISTANCE 2 4680

PIVOT 4550

SUPPORT 1 4430

SUPPORT 2 4380


10th APRIL 2014

THURSDAY, APRIL 10

TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS

04:00 NZD BUSINESS NZ PMI 58.4 56.5

04:30 USD FOMC MEMBER TARULLO SPEAKS

04:31 GBP RICS HOUSE PRICE BALANCE 57% 44% 45%

07:00 AUD EMPLOYMENT CHANGE 18.1K 5.0K 48.2K

07:00 AUD FULL EMPLOYMENT CHANGE -22.1K 80.0K

07:00 AUD UNEMPLOYMENT RATE 5.8% 6.0% 6.1%

07:30 CNY CHINESE EXPORTS (YOY) -6.6% 4.0% -18.1%

07:30 CNY CHINESE IMPORTS (YOY) -11.3% 2.4% 10.1%

07:30 CNY CHINESE TRADE BALANCE 7.71B 0.90B -22.98B

TENTATIVE CNY CHINESE NEW LOANS 1,000B 645B

13:30 EUR ECB MONTHLY REPORT

16:30 GBP BOE QE TOTAL 375B 375B

16:30 GBP INTEREST RATE DECISION 0.50% 0.50%

18:00 CAD NEW HOUSING PRICE INDEX (MOM) 0.2% 0.3%

18:00 USD IMPORT PRICE INDEX (MOM) 0.2% 0.9%

18:00 USD INITIAL JOBLESS CLAIMS 320K 326K

23:30 USD FEDERAL BUDGET BALANCE -78.0B -193.5B

TODAY’S ECONOMIC EVENTS


10th APRIL 2014

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Daily commodity report -10-april- 2014 by epic research

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