Daily Commodity Report 19 Nov 2013 by EPIC RESEARCH

8/13/2019 Daily Commodity Report 19 Nov 2013 by EPIC RESEARCH

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COMMODITY WRAPUP

The Gold is in long- medium- short-medium-

short- term bull phase. Currently Gold is instrong uptrend with good momentum and the

trend is supported with good volume The open

interest is not increasing with trend. Cautious

point is buying at higer levels seems decreas-

ing. The Gold is now trading in overbought

level. The Gold is now trading in overbought

level. The oscillator is showing BUY signal

Overall trend of the Silver is bearish for me-

dium-long term. Currently Silver is in strong

downtrend and the trend is supported with

good volume The open interest is not increas-

ing with trend. Noting point is selling at lower

levels seems decreasing. The oscillator is show-

ing SELL signal For short term Silver isin SELLposition.

Overall trend of the Copper is bearish for

medium-long term .Currently Copper is instrong downtrend with good momentum

and the trend is supported with good vol-

ume The open interest is not increasing with

trend. Noting point is selling at lower levels

seems decreasing. The oscillator is showing

SELL signal For short term Copper is in-

SELLposition

Overall trend of the Crudeoil is bearish for

medium-long term. Currently Crudeoil is

moving sideways The oscillator is showing

BUY signal and has moved down its previ-

ous low. The oscillator is showing BUY sig-

nal For short term Crudeoil is in HOLDSHORTposition.

GOLD

CRUDE OIL

COPPER

SILVER

SPECIAL NEWS COMMODITY BUZZ*The US will pass Russia as the worlds # 1 Crude

Oil producer by T 2015, and be close to energy

self-sufficiency in the next two decades, amid

booming output from shale formations. Therole of the Organization of Petroleum Export-

ing Countries (OPEC) will recover in the mid-

dle of the next decade as other nations struggle

to repeat North Americas success with exploit-

ing shale deposits. Rising shale output in the US

is helping the worlds largest Oil consumer

achieve its highest level of energy independ-

ence in 20 yrs, cushioning it against disruptions

in Africa and the Middle East. Output declines

at a rate of 6% a year at conventional Oil fields

once they reach peak production.

Nickel that is used specifically for the purposes of

making steel is experiencing recovery in the value.

The jump in the metal has been witnessed after

the news of Indonesian ore export ban hit the

market. Indonesian government had earlier de-cided to ban exports of ores including bauxite

from 2014. These ores are used to make Nickel

US net long-term TIC flows jumped to $25.5B in

June, above the forecast of rising to $21.3B and

following a reading of $-9.8B in August, the US

Department of Treasury reported on Monday. To-

tal net TIC flows plunged to $-106.8B from $-

13.8B


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COMMODITY LEVELS

COMMODITIES CONTRACT S2 S1 PIVOT R1 R2GOLD 05DEC2013 29801.33 29922.67 30136.33 30257.67 30471.33SILVER 05DEC2013 44350.00 44850.00 45765.00 46265.00 47180.00CRUDE 19 NOV 2013 5685.00 5729.00 5811.00 5855.00 5937.00NATURAL GAS 25 NOV 2013 225.10 227.00 229.60 231.50 234.10COPPER 29 NOV 2013 427.73 430.42 435.53 438.22 443.33NICKEL 29 NOV 2013 824.80 833.50 850.90 859.60 877.00LEAD 29 NOV 2013 126.53 127.42 129.13 130.02 131.73ZINC 29 NOV 2013 114.05 114.75 116.15 116.85 118.25ALLUMINIUM 29 NOV 2013 107.35 108.05 109.30 110.00 111.25

ITEM Contract Open High Low Close Chg. OI (inlots) TRENDGOLD 05 DEC 2013 30296 30350 30015 30044 -0.91 7266 BullishSILVER 05 DEC 2013 46541 46680 45265 45350 -2.98 10523 BearishCRUDE 19 NOV 2013 5893 5893 5767 5773 -2.19 8212 BearishNATURALGAS 25 NOV 2013 229.80 232.2 227.7 228.90 -0.17 7898 Bullish

COPPER 29 NOV 2013 439.50 440.65 432.85 433.1 -1.77 17086 SidewaysNICKEL 29 NOV 2013 866.60 868.30 842.2 842.2 -2.65 9220 BearishLEAD 29 NOV 2013 130.80 130.85 128.25 128.30 -1.83 2931 BearishZINC 29 NOV 2013 117.55 117.55 115.45 115.45 -1.70 2386 BearishALUMINIUM 29 NOV 2013 110.60 117.55 115.45 115.45 -1.58 2445 Sideways

SUPPORT & RESISTANCE

DAILY LEVELS WITH TREND


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RECOMMENDATION

BUY GOLD MCX ABOVE 30200 TGTS 30280/30380 SL 30100

SELL GOLD MCX BELOW 29950 TGTS 29880/29780 SL 30050

BUY SILVER MCX ABOVE 46700 TGTS 46950/47300 SL 46400

SELL SILVER MCX BELOW 45100 TGTS 44850/44600 SL 45400

The four hourly chart of GOLD sug-gests that if Gold gives breakout at

30200, we expect price to move up

to the level of 30380. And the chart

of Gold here also suggests that the

prices have breached the crucial sup-

port of 29950 level, below this level

we expect prices to come down tothe level of 29880.

The four hourly chart of Silver sug-

gests that if silver gives breakout at

46700, we expect price to move up

to the level of 47300. And the chart

of silver here also suggests that the

prices have breached the crucialsupport of 45100 level, below this

level we expect prices to come

down to the level of 44600.

GOLD

SILVER


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COMMODITY SPECIALLME INVENTORY (in tonnes)

METALS 18-Nov-13 Change 15-Nov-13Aluminium 5335050 35400 5299650Copper 448950 -2700 451650Nickel 244614 -204 244818Lead 236125 -550 236675Zinc 996550 -1650 998200Tin 11480 -75 11555

MOST ACTIVE CONTRACTS BY (VOLUME)Symbol Expiry Date LTP Value (In Lacs) Volume (In Lots)SILVERMICRO 30-11-2013 45395.00 2,84,09,09,890.00 62,582CRUDE OIL 19-11-2013 5775.00 32,90,59,500.00 56,980SILVER M 30-11-2013 45381.00 1,50,32,45,625.00 33,125NATURAL GAS 25-11-2013 229.40 74,82,798.60 32,619COPPER 29-11-2013 433.70 1,28,13,666.50 29,545COPPERMINI 29-11-2013 433.85 90,10,196.80 20,768GOLD M 05-12-2013 30600.00 56,26,11,600.00 18,386GOLD PETAL 30-11-2013 3085.00 5,38,57,930.00 17,458SILVER 05-12-2013 45361.00 79,18,66,977.00 17,457GOLD 05-12-2013 30042.00 41,30,17,416.00 13,748
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ECONOMIC CALENDER

TIME(ET) REPORT PERIOD ACTUAL CONSENSUS-FORECAST PREVIOUSMONDAY, NOV. 18

10 am Home builders' index Nov. 56 55

TUESDAY, NOV. 198:30 am

Employment cost in-dex

3Q 0.5% 0.5%

WEDNESDAY, NOV. 208:30 am Retail sales Oct. 0.1% -0.1%

8:30 am Retail sales ex-autos Oct. 0.2% 0.4%

8:30 amConsumer price in-dex

Oct. 0.0% 0.2%

8:30 am Core CPI Oct. 0.2% 0.1%

10 am Business inventories Sept. 0.3% 0.3%

10 am Existing home sales Oct. 5.23 mln 5.29 mln

2 pm FOMC minutes

THURSDAY, NOV. 218:30 am

Weekly joblessclaims

11/16 N/A N/A

8:30 am Producer price index Oct. -0.2% -0.1%

8:30 am Core PPI Oct. 0.1 0.1%

8:58 am Markit flash PMI Nov. -- 51.8

10 am Philly Fed Nov. 15.0 19.8

10 am Leading indicators Oct. --

FRIDAY, NOV. 2210 am Job openings Sept. 3.9 mln


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Daily Commodity Report 19 Nov 2013 by EPIC RESEARCH

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