Daily commodity report 14 feb-2014 by epic research

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14th FEBRUARY

DAILY COMMODITY REPORT

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14th FEBRUARY

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

GOLD 05 APR 2014 29120.00 29218.00 29062.00 29132.00 0.16 11011

SILVER 05 MAR 2014 44775.00 44990.00 44618.00 44839.00 0.15 12924

CRUDE 19 FEB 2014 6201.00 6248.00 6193.00 6220.00 0.42 15019

NATURAL GAS 25 FEB 2014 306.30 317.30 303.70 308.30 2.50 12951

COPPER 28 FEB 2014 445.50 447.45 443.60 445.85 -0.04 10401

NICKEL 28 FEB 2014 891.00 897.60 878.20 889.70 -0.87 6487

LEAD 28 FEB 2014 131.30 132.05 130.70 131.10 0.42 3512

ZINC 28 FEB 2014 125.70 126.40 125.50 125.60 0.52 2692

ALUMINIUM 28 FEB 2014 105.35 106.60 105.05 105.40 1.04 3635

DAILY MARKET WRAPUP

METAL TONNES IN STORAGE

ALUMINIUM +23900

COPPER -1375

LEAD -500

NICKEL +588

ZINC -5075

LME WAREHOUSE STOCKS (13-FEB- 2014)


14th FEBRUARY

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL (WTI) USD/BBL. 100.24 -0.11 -0.11% MAR 14

CRUDE OIL (BRENT) USD/BBL. 108.57 +0.05 +0.05% APR 14

RBOB GASOLINE USD/GAL. 277.43 +1.12 +0.41% MAR 14

NYMEX NATURAL GAS USD/MMBTU 5.30 +0.08 +1.46% MAR 14

NYMEX HEATING OIL USD/GAL. 304.10 +1.03 +0.34% MAR 14

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1,304.40 +4.30 +0.33% APR 14

GOLD SPOT USD/T OZ. 1,304.69 +1.77 +0.14% N/A

COMEX SILVER USD/T OZ. 20.71 +0.37 +1.81% MAR 14

COMEX COPPER USD/LB. 325.10 +0.10 +0.03% MAR 14

PLATINUM SPOT USD/T OZ. 1,420.13 +3.07 +0.22% N/A

INTERNATIONAL MARKETS

ENERGY COMMODITY FUTURES

PRECIOUS AND INDUSTRY METALS


14th FEBRUARY

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

ALUMINIUM 28-FEB 104.48 105.47 106.03 107.02 107.58

COPPER 28-FEB 441.93 444.12 445.78 447.97 449.63

CRUDEOIL 19-FEB 6170 6211 6235 6276 6300

GOLD 5-APR 28999 29091 29155 29247 29311

LEAD 28-FEB 130.08 130.82 131.43 132.17 132.78

NATURALGAS 25-FEB 297.57 308.13 314.27 324.83 330.97

NICKEL 28-FEB 866.5 874.1 885.9 893.5 905.3

SILVER 5-MAR 44471 44697 44843 45069 45215

ZINC 28-FEB 125.17 125.73 126.07 126.63 126.97

INTRADAY SUPPORT AND RESISTANCE


14th FEBRUARY

MOST ACTIVE CONTRACTS

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

NATURAL GAS 25-02-2014 316.00 3,50,95,592.00 1,11,062

SILVERMICRO 28-02-2014 44932.00 2,51,85,28,464.00 56,052

CRUDE OIL 19-02-2014 6246.00 27,67,78,998.00 44,313

SILVER M 28-02-2014 44938.00 1,30,12,24,728.00 28,956

NICKEL 28-02-2014 882.00 1,81,72,728.00 20,604

NICKELMINI 28-02-2014 882.10 1,76,23,475.90 19,979

COPPER 28-02-2014 445.65 77,92,190.25 17,485

LEADMINI 28-02-2014 131.65 22,91,104.95 17,403

SILVER 05-03-2014 44906.00 63,21,41,762.00 14,077

COPPERMINI 28-02-2014 445.55 60,49,677.90 13,578


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TODAY,S COMMODITY NEWS

COMMODITY HEADLINES

Gold futures down on weak global cues, profit-booking

Investors find diamond solitaire safe bet, price up 37% in a year

Gold hits two-month high on global cue

Copper up 0.43% on firm global cues, spot demand

Zinc up by 0.2% on overseas cues

Aluminium edged higher by 0.4%

Maize exports may drop 15%

Turmeric rises 1% on spot demand

Refined soya oil up 0.58% on spot demand

Oil prices down in Asian trade

Oil prices up on winter demand, Yellen testimony

OPEC crude price lowest in 14 weeks

Rubber imports up by 41% in Apr-Jan

Mentha oil softens by 0.2% on profit-booking


14th FEBRUARY

SPECIAL NEWS

The U.S. Department of Labor reported today that the ad-

vance figure for seasonally adjusted initial claims was 339,000,

for the week ending February 8, an increase of 8,000 from the

previous weeks unrevised figure of 331,000. The 4-week mov-

ing average was 336,750, an increase of 3,500 from the previ-

ous week's revised average of 333,250. The advance seasonally

adjusted insured unemployment rate was 2.3 percent for the

week ending February 1, unchanged from the prior week's

unrevised rate

The U.S. Commerce Department said that retail sales dipped

by a seasonally adjusted 0.4% during the January 2014, disap-

pointing expectations for a 0.3% increase. Retail sales for De-

cember were revised down to a 0.1% decline from a previ-

ously reported increase of 0.2%. Core retail sales, which ex-

clude automobile sales, were unchanged last month, com-

pared to forecasts for a 0.1% increase. Core sales in December

were revised down to a gain of 0.3% from a previously re-

ported increase of 0.7%.

COMMODITY BUZZ

A sell off in Indian rupee kept the local gold futures sup-

ported even as the global prices showed signs of weariness

after the quick gains in the last few days. The global prices

witnessed some correction from its three-month highs today

amid a mostly depressing turn in risky assets. COMEX Gold

has been rallying in last few weeks on excellent buying sup-

port after a massive correction in the last year. However, as

the prices edged up towards the $1300 per ounce levels,

traders are beginning to sell some of their longs to book

profits. COMEX futures are quoting at $1293.30, down

$1.70 per ounce.

US markets dropped last night. The Federal Reserve will

probably have to return to more traditional policy-making

now that the US jobless rate has fallen to 6.6 per cent, so

close to the US central bank's existing 6.5-per cent thresh-

old for considering an interest-rate rise, a top Fed official

said on Wednesday. St. Louis Fed President James Bullard,

noted in a speech that the Fed will have to adjust its so-

called forward guidance on monetary policy. the Fed to

drop its economic thresholds and have to make more quali-

tative judgments on when to tighten policy.

COMMODITY BUZZ AND ECONOMIC EVENTS


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EPIC RESEARCH– ANALYST SPEAKS

SILVER

SILVER MCX Short term trend is UP, Immediate support @ 44700Immediate Resistance @ 45050 SILVER MCX Closed @

44839.00 Yesterday Intraday Range of SILVER MCX was 372. Volumes were 12940 lots. For today Keep a close eye on US

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

BUY SILVER ABOVE 45050 TGTS 45250/45550 SL 44700

SELL SILVER BELOW 44750 TGTS 44550/44250 SL 45100


14th FEBRUARY


GOLD

GOLD MCX Short term trend is UP, Immediate support @ 29100 Immediate Resistance @ 29250 GOLD MCX Closed

@29132.00 Yesterday Intraday Range of GOLD MCX was 156 Volumes were 11036 lots. For today Keep a close eye on US

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

BUY GOLD(APR) ABOVE 29250 TGTS 29330/29430 SL 29130

SELL GOLD(APR) BELOW 29100 TGTS 29020/28920 SL 29230


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CASTORSEED

Castorseed Feb. looking sideways to bearish in daily chart. Momentum indicators RSI is in midrange,

recommending sell on high. But intraday basis it is bullish, nearest support @ 4280 & nearest resistance @ 4370.

BUY CASTORSEED MAR ABOVE 4370 TGTS 4400,4450 SL 4320

SELL CASTORSEED MAR BELOW 4280 TGTS 4250,4200 SL 4330

RESISTANCE 1 4347.0

RESISTANCE 2 4387.0

PIVOT 4323.0

SUPPORT 1 4283.0

SUPPORT 2 4259.0


14th FEBRUARY


DHANIYA

Dhaniya is near to its resistance level and there is some profit booking in higher side. Recommending buy on dips

momentum indicator RSI is above mid range but it is below overbought range.

Immediate support @ 9240 and immediate resistance @ 9425.

BUY DHANIYA APR ABOVE 9425 TGTS 9455,9505 SL 9375

SELL DHANIYA APR BELOW 9240 TGTS 9210,9160 SL 9290

RESISTANCE 1 9368.0

RESISTANCE 2 9445.0

PIVOT 9298.0

SUPPORT 1 9222.0

SUPPORT 2 9151.0


14th FEBRUARY

FRIDAY, FEBRUARY 14

TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS

07:30 CNY CHINESE CPI (MOM) 1.0% 0.7% 0.3%

07:30 CNY CHINESE PPI (YOY) -1.6% -1.7% -1.4%

12:00 EUR FRENCH GDP (QOQ) 0.2% -0.1%

12:30 EUR GERMAN GDP (QOQ) 0.3% 0.3%

13:15 EUR FRENCH NON-FARM PAYROLLS (QOQ) -0.1% -0.1%

15:30 EUR GDP (QOQ) 0.2% 0.1%

15:30 EUR GDP (YOY) 0.4% -0.3%

19:00 CAD MANUFACTURING SALES (MOM) 0.3% 1.0%

19:00 USD IMPORT PRICE INDEX (MOM) -0.1% 0.0%

19:45 USD INDUSTRIAL PRODUCTION (MOM) 0.3% 0.3%

20:25 USD MICHIGAN CONSUMER SENTIMENT 80.6 81.2

TODAY’S ECONOMIC EVENTS


14th FEBRUARY

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Daily commodity report 14 feb-2014 by epic research

Economy & Finance

Transcript of Daily commodity report 14 feb-2014 by epic research