Daily commodity report 17 01-2014 by epic research

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17th JANUARY 2014

DAILY COMMODITY REPORT

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17th JANUARY 2014

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

GOLD 05 FEB 2014 29049.00 29141.00 28953.00 29019.00 0.12 8406

SILVER 05 MAR 2014 44801.00 44931.00 44402.00 44785.00 -0.38 10,801

CRUDE 20 JAN 2014 5803.00 5827.00 5757.00 5823.00 -0.64 10,518

NATURAL GAS 28 JAN 2014 270.00 276.70 267.80 270.50 1.40 16,175

COPPER 28 FEB 2014 459.95 460.75 454.85 459.85 -0.95 12,568

NICKEL 31 JAN 2014 896.90 903.80 887.00 893.20 0.58 6,912

LEAD 31 JAN 2014 135.70 136.50 133.20 135.75 -1.68 3,161

ZINC 31 JAN 2014 128.65 129.30 127.15 128.60 -0.86 2,744

ALUMINIUM 31 JAN 2014 108.05 109.30 107.80 107.80 0.46 2,497

DAILY MARKET WRAPUP

METAL TONNES IN STORAGE

ALUMINIUM 38800

COPPER 575

LEAD -500

NICKEL -500

ZINC -4250

LME WAREHOUSE STOCKS (16– JAN- 2014)


17th JANUARY 2014

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL (WTI) USD/BBL. 94.04 +0.08 +0.09% FEB 14

CRUDE OIL (BRENT) USD/BBL. 105.54 -0.21 -0.20% MAR 14

RBOB GASOLINE USD/GAL. 259.22 -3.42 -1.30% FEB 14

NYMEX NATURAL GAS USD/MMBTU 4.37 -0.01 -0.23% FEB 14

NYMEX HEATING OIL USD/GAL. 298.87 +0.42 +0.14% FEB 14

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1,243.10 +2.90 +0.23% FEB 14

GOLD SPOT USD/T OZ. 1,243.46 +1.07 +0.09% N/A

COMEX SILVER USD/T OZ. 20.14 +0.09 +0.43% MAR 14

COMEX COPPER USD/LB. 333.85 -0.40 -0.12% MAR 14

PLATINUM SPOT USD/T OZ. 1,437.06 +4.18 +0.29% N/A

INTERNATIONAL MARKETS

ENERGY COMMODITY FUTURES

PRECIOUS AND INDUSTRY METALS


17th JANUARY 2014

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

ALUMINIUM 31-JAN 105.10 106.45 107.40 108.75 109.70

COPPER 28-FEB 449.52 454.68 457.47 462.63 465.42

CRUDEOIL 20-JAN 5639 5731 5780 5872 5921

GOLD 5-FEB 28777 28898 28986 29107 29195

LEAD 31-JAN 130.65 133.20 134.70 137.25 138.75

NATURALGAS 28-JAN 265.23 267.87 270.43 273.07 275.63

NICKEL 31-JAN 863.5 878.3 888.2 903.0 912.9

SILVER 5-MAR 44088 44436 44663 45011 45238

ZINC 31-JAN 125.20 126.90 127.90 129.60 130.60

INTRADAY SUPPORT AND RESISTANCE


17th JANUARY 2014

MOST ACTIVE CONTRACTS

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

NATURAL GAS 28-01-2014 274.30 2,44,71,948.80 89,216

SILVERMICRO 28-02-2014 44637.00 2,77,99,92,360.00 62,280

CRUDE OIL 20-01-2014 5786.00 29,09,08,508.00 50,278

SILVER M 28-02-2014 44630.00 1,49,39,44,620.00 33,474

LEADMINI 31-01-2014 133.55 39,16,754.40 29,328

COPPER 28-02-2014 455.50 1,20,41,598.00 26,436

COPPERMINI 28-02-2014 455.40 96,27,156.00 21,140

NICKEL 31-01-2014 898.40 1,69,70,776.00 18,890

LEAD 31-01-2014 133.55 23,71,447.35 17,757

SILVER 05-03-2014 44616.00 78,84,09,336.00 17,671


17th JANUARY 2014

SPECIAL NEWS :

Profit booking was creeping into non ferrous met-

als on MCX and is spoiling any prospects of rally in

the prices. The metal tried and move past Rs 461

per kg, which is the short term resistance zone but

failed as bears gripped the metal. LME Copper was

mildly higher while premiums on spot remained

between $ 25-30 range. LME three month prices

were quoting at $ 7316 per tonne. The prices have

been in a backwardation mode from almost a

month now.

Cardamom futures ended the Thursday's session

with nominal losses on long liquidations trigged by

strong availability. The MCX cardamom for Febru-

ary delivery ended the session at Rs 703.30, down

Rs 1.80 or 0.26%. ounce on the day. The harvesting

of the new crop had just started in Guatemala.

Crop size is similar to last year. The prices of the

greens had been reduced somewhat, as it is now

peak harvesting season of the green cardamoms.

COMMODITY BUZZ :

The Consumer Price Index for All Urban Consumers (CPI

-U) increased 0.3 percent in December on a seasonally ad-

justed basis, the U.S. Bureau of Labor Statistics reported

today. Over the last 12 months, the all items index in-

creased 1.5 percent before seasonal adjustment. Advances

in energy and shelter indexes were major factors in the

increase in the seasonally adjusted all items index. The

gasoline index rose 3.1 percent, and the fuel oil and elec-

tricity indexes also increased, resulting in a 2.1 percent

increase in the energy index. The shelter index rose 0.2

percent in December. The indexes for apparel, tobacco

Euro zone inflation has stayed below the European Cen-

tral Bank's target of 'below, but close to 2 percent' for the

eleventh consecutive month. Inflation eased to 0.8 per-

cent as initially estimated in December, according to final

data from Eurostat, released Thursday. The rate was down

from 0.9 percent in November. Monthly inflation was 0.3

percent in December. Excluding energy, food, alcohol and

tobacco, core inflation eased to 0.7 percent from 0.9 per-

cent in November.

COMMODITY BUZZ AND ECONOMIC EVENTS


17th JANUARY 2014

EPIC RESEARCH– ANALYST SPEAKS

SILVER MCX:

MCX SILVER march contract was closed at Rs 4478 DOWN Rs 16, or-0.38 percent.

The SILVER rate have touched an intraday high of Rs 44931 and an intraday low of Rs 44402. So far 17660 contracts have been

traded. Silver opened at morning with gap UP and made day high. In day session silver trade in range-bound and made night high

44931.After evening Have seen more buying in silver and it will helpful to break the nearest resistance 44800 further silver will

touch level 45200 next trading session.

BUY SILVER ABOVE 44950 TGTS 45150/45450 SL 44600

SELL SILVER BELOW 44600 TGTS 44400/44100 SL 44950


17th JANUARY 2014


GOLD MCX:

MCX GOLD February contract was closed at Rs 28019 UP Rs 30 , or 0.12 percent.

The GOLD rate touched an intraday high of Rs 29141 and an intraday low of Rs 28953. So far 11640 contracts have been

traded. Gold Price is taking support at 28840 trade in range bound all day.

In evening session gold price have cracked the nearest resistance 29040 and made high of 29141

BUY GOLD ABOVE 29190 TGTS 29270/29370 SL 29070

SELL GOLD BELOW 29000 TGTS 28920/28820 SL 29120


17th JANUARY 2014


CASTORSEED

CASTORSEED is in sideways these days in daily chart. MACD & RSI shows down trend but when price trend will break its

consolidation trend then only it will clear the trend. Immediate support @ 4370 and immediate resistance @ 4445. 4300 is

also a strong support level and if it sustain below it, may signing of continue the down trend.

BUY CASTORSEED FEB ABOVE 4445 TGTS 4475 / 4505 SL 4395

SELL CASTORSEED FEB BELOW 4370 TGTS 4340 / 4290 SL 4420

RESISTANCE 1 4587.30


PIVOT 4415.70

SUPPORT 1 4361.30

SUPPORT 2 4289.70


17th JANUARY 2014


DHANIYA

DHANIYA Feb. taken support of 7870 and get bounce up from yesterday. but seems look weak, immediate support @ 8070

and immediate resistance @ 8250.fresh short position can be initiated below 7750 level. daily chart RSI is below 50,

also support bearish trend in Dhaniya.

BUY DHANIYA FEB ABOVE 8250 TGTS 8280 / 8330 SL 8200

SELL DHANIYA FEB BELOW 8070 TGTS 8040 / 7990 SL 8120



PIVOT 8012.70

SUPPORT 1 7910.30

SUPPORT 2 7747.70


17th JANUARY 2014

TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS

FRIDAY 17 JANUARY 2014

03:15 BRL BRAZILIAN INTEREST RATE DECISION 10.25% 10.00%

13:45 CHF SWISS PPI (MOM) 0.1% -0.1%

15:00 GBP CORE RETAIL SALES (MOM) 0.3% 0.4%

15:00 GBP CORE RETAIL SALES (YOY) 3.2% 2.3%

15:00 GBP RETAIL SALES (MOM) 0.4% 0.3%

15:00 GBP RETAIL SALES (YOY) 2.6% 2.0%

19:00 USD BUILDING PERMITS 1.015M 1.017M

19:00 USD BUILDING PERMITS (MOM) 0.3% -2.1%

19:00 USD HOUSING STARTS 0.990M 1.091M

19:00 USD HOUSING STARTS (MOM) -8.3% 22.7%

19:45 USD INDUSTRIAL PRODUCTION (MOM) 0.3% 1.1%

20:25 USD MICHIGAN CONSUMER SENTIMENT 83.5 82.5

TODAY’S ECONOMIC EVENTS


17th JANUARY 2014

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Daily commodity report 17 01-2014 by epic research

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Transcript of Daily commodity report 17 01-2014 by epic research