Daily commodity report 15 april 2014 by epic research

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15th APRIL 2014

DAILY COMMODITY REPORT

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15th APRIL 2014

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

GOLD 05-Jun-14 28845 28986 28843 28959 +0.57% 9380

SILVER 05-May-14 43040 43365 42803 43229 -0.63% 13673

CRUDEOIL 21-Apr-14 6294 6294 6250 6282 +0.50% 9811

NATURALGAS 25-Apr-14 280.1 280.1 274.8 275.3 -2.75% 7251

COPPER 30-Apr-14 407.6 409.6 406.4 406.8 +0.05% 20694

LEAD 30-Apr-14 126.2 127.55 126.2 127.4 -0.31% 2997

NICKEL 30-Apr-14 1055 1086.9 1055 1075.9 +4.01% 9109

ZINC 30-Apr-14 123.8 124 123.3 123.75 +0.24% 1764

ALUMINIUM 30-Apr-14 112.35 112.6 111.8 111.95 -0.80% 3216

DAILY MARKET WRAPUP

METAL TONNES IN STORAGE

ALUMINIUM 325

COPPER -1700

LEAD UNCH

NICKEL -1908

TIN -10

ZINC -3375

LME WAREHOUSE STOCKS (11-APRIL- 2014)


15th APRIL 2014

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL (WTI) USD/BBL. 103.31 -0.43 -0.41% MAY 14

CRUDE OIL (BRENT) USD/BBL. 108.56 -0.51 -0.47% MAY 14

RBOB GASOLINE USD/GAL. 302.65 -1.19 -0.39% MAY 14

NYMEX NATURAL GAS USD/MMBTU 4.56 0.00 0.00% MAY 14

NYMEX HEATING OIL USD/GAL. 297.06 +3.74 +1.28% MAY 14

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1,320.00 +1.00 +0.08% JUN 14

GOLD SPOT USD/T OZ. 1,320.27 -7.72 -0.58% N/A

COMEX SILVER USD/T OZ. 19.85 -0.10 -0.51% MAY 14

COMEX COPPER USD/LB. 302.95 -1.20 -0.39% JUL 14

PLATINUM SPOT USD/T OZ. 1,455.38 -9.50 -0.65% N/A

INTERNATIONAL MARKETS

ENERGY COMMODITY FUTURES

PRECIOUS AND INDUSTRY METALS


15th APRIL 2014

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

ALUMINIUM 30-APR 111.32 111.63 112.12 112.43 112.92

COPPER 30-APR 404.40 405.60 407.60 408.80 410.80

CRUDEOIL 21-APR 6231 6257 6275 6301 6319

GOLD 5-JUN 28786 28873 28929 29016 29072

LEAD 30-APR 125.70 126.55 127.05 127.90 128.40

NATURALGAS 25-APR 271.43 273.37 276.73 278.67 282.03

NICKEL 30-APR 1040.7 1058.3 1072.6 1090.2 1104.5

SILVER 5-MAY 42570 42900 43132 43462 43694

ZINC 30-APR 122.98 123.37 123.68 124.07 124.38

INTRADAY SUPPORT AND RESISTANCE


15th APRIL 2014

MOST ACTIVE CONTRACTS

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

SILVERMICRO 30-04-2014 43245.00 1,59,81,18,975.00 36,955

CRUDE OIL 21-04-2014 6277.00 15,36,92,345.00 24,485

NATURAL GAS 25-04-2014 275.60 60,81,940.80 22,068

SILVER M 30-04-2014 43241.00 79,99,58,500.00 18,500

NICKEL 30-04-2014 1076.30 1,54,39,523.50 14,345

SILVER 05-05-2014 43213.00 46,98,54,949.00 10,873

NICKELMINI 30-04-2014 1076.40 1,04,71,219.20 9,728

COPPER 30-04-2014 406.65 39,22,952.55 9,647

COPPERMINI 30-04-2014 406.70 30,71,398.40 7,552

LEADMINI 30-04-2014 127.30 8,95,810.10 7,037


15th APRIL 2014

TODAY,S COMMODITY NEWS

COMMODITY HEADLINES

Seizure of smuggled gold in Ahmedabad zooms four times.

Gold, silver imports dip 40% in 2013-14.

Gold extends gains on stockists buying.

Diamond trade looks towards Russia.

Steelmakers win resource conservation battle, again.

Aluminium down 0.3% on global cues.

Lead down 0.1% on sluggish demand, overseas trend.

Zinc down 0.1% on global cues.

Supply problem ahead for coffee market.

Coconut oil market heats up, prices touch Rs 15,000/quintal.

"Fusarium wilt" threat to India's banana farming.

Punjab sugar output may touch 46 mn quintals.

Oil prices up as Russia-Ukraine tensions escalate.

Crude oil prices fall further in Asia.

Oil prices mixed on growing Ukraine fears.

Rubber imports surged last fiscal.

Mentha oil down 0.1% on low demand.


15th APRIL 2014

SPECIAL NEWS

India's exports grew by 3.98%to USD 312.35 bn in FY 2013-14

while imports dipped by 8.11% during the period. Imports de-

clined to USD 450.94bn, narrowing the trade deficit to USD

138.59bn in the last fiscal. In FY 2012-13, trade deficit stood at

USD 190.33bn. However, in March exports contracted by 3.15

per cent to USD 29.57bn and imports fell by 2.11% to USD 40

bn as compared to the same period last year. Trade deficit dur-

ing the month was at USD 10.5bn as against USD 10.4bn in

March 2013. In FY 2012-13, the country's merchandise ex-

ports had aggregated at USD 300.4bn. The overall shipments

in 2013-14 fell short of the target of USD 325bn fixed by the

govt. for the period.

Eurozone industrial production expanded in February after

remaining flat at the start of the year, Eurostat reported Mon-

day. Driven by non-durable consumer goods and intermediate

goods, industrial production grew 0.2 percent month-on-

month in February. This was the first rise in production in

three months. Production of intermediate goods gained 0.6

percent and that of non-durable consumer goods climbed 0.5

percent. Meanwhile, durable consumer goods fell 1.2 percent

and energy by 1.7 percent.

COMMODITY BUZZ

MCX Gold futures are likely to open on a strong note in the eve-

ning trades yesterday as the global prices surged to a three week

high in electronic moves following the tentative sentiments in

global equities. Asian stock markets slipped today following two

days of US declines. WTI Crude Oil also edged up above $104 per

barrel amid renewed tensions between Ukraine and Russia. These

developments supported the yellow metal and the COMEX futures

quote at $1322.80, up $3.80 per ounce on the day. MCX Gold fu-

tures closed at Rs 28759 on Friday, after hitting highs above Rs

28800 per 10 grams. The gains in COMEX Gold yesterday could

stretch the local futures towards Rs 29000 k yesterday.

For long, the Indian steel sector has used lump iron ore, leaving

fines for exports or at mine pitheads. The uniform 30 per cent

duty on lump ore and fines, imposed for the ostensible purpose of

resource conservation, reduced exports to about 14 million tonnes

(mt) in 2013-14 from a record 113 mt in 2009-10. Traditionally,

fines have accounted for about 90 per cent of our ore exports.

The spot market cues suggests that higher supplies of around 60-

70 thousand bags of new chana have been reported in the major

producing states such as Madhya Pradesh , Maharashtra and Guja-

rat.

COMMODITY BUZZ AND ECONOMIC EVENTS


15th APRIL 2014

EPIC RESEARCH– ANALYST SPEAKS

SILVER

SILVER MCX Short term trend is UP. Immediate support @ 42500. Immediate Resistance @ 43460. Yesterday SILVER MCX Closed

@ 43229. Yesterday Intraday Range of SILVER MCX was 562. Open Interest was UP +3.30 %, Volumes were 10020 lots. For today

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

BUY SILVER(MAY) ABOVE 43460 TGTS 43660/43960 SL 43160

SELL SILVER(MAY) BELOW 42920 TGTS 42720/42420 SL 43220


15th APRIL 2014


GOLD

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

28959. Yesterday Intraday Range of GOLD MCX was 143. Open Interest was UP+ 4.45 %, Volumes were 4310 lots. For today

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

BUY GOLD(JUN) ABOVE 28990 TGTS 29070/29170 SL 28880

SELL GOLD(JUN) BELOW 28790 TGTS 28710/28610 SL 28900


15th APRIL 2014


DHANIYA

Dhaniya daily chart shows bullish trend. once again dhaniya fall form upper level.

RSI is in mid range. expecting from here onwards profit booking will continue in

upcoming trading session. Immediate support @ 9550 & Immediate resistance @ 9665.

BUY DHANIYA MAY ABOVE 9665 TGTS 9695,9745 SL 9615

SELL DHANIYA MAY BELOW 9550 TGTS 9520,9470 SL 9600

RESISTANCE 1 9772

RESISTANCE 2 9706

PIVOT 9620

SUPPORT 1 9533

SUPPORT 2 9426


15th 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 @ 4700 & immediate resistance @ 4770.

BUY GUARSEED MAY ABOVE 4770 TGTS 4800,4850 SL 4720

SELL GUARSEED MAY BELOW 4700 TGTS 4670,4620 SL 4750

RESISTANCE 1 4883

RESISTANCE 2 4817

PIVOT 4710

SUPPORT 1 4637

SUPPORT 2 4523


15th APRIL 2014

MONDAY, APRIL 15

TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS

07:00 AUD MONETARY POLICY MEETING MINUTES

12:45 CHF SWISS PPI (MOM) -0.1% -0.4%

TENTATIVE CNY CHINESE NEW LOANS 1,000B 645B

14:00 GBP CPI (MOM) 0.2% 0.5%

14:00 GBP CPI (YOY) 1.6% 1.7%

14:00 GBP PPI INPUT (MOM) -0.2% -0.4%

14:30 EUR GERMAN ZEW CURRENT CONDITIONS 51.8 51.3

14:30 EUR GERMAN ZEW ECONOMIC SENTIMENT 45.0 46.6

18:00 CAD MANUFACTURING SALES (MOM) 1.0% 1.5%

18:00 USD CORE CPI (YOY) 1.6% 1.6%

18:00 USD CORE CPI (MOM) 0.1% 0.1%

18:00 USD CPI (MOM) 0.1% 0.1%

18:00 USD NY EMPIRE STATE MANUFACTURING INDEX 8.00 5.61

18:30 USD TIC NET LONG-TERM TRANSACTIONS 7.3B

20:15 USD FED CHAIR YELLEN SPEAKS

TODAY’S ECONOMIC EVENTS


15th APRIL 2014

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Daily commodity report 15 april 2014 by epic research

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Transcript of Daily commodity report 15 april 2014 by epic research