Daily commodity report 21 01-2014 by epic research

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Transcript of Daily commodity report 21 01-2014 by epic research

  • 1. DAILY COMMODITY REPORT 21th JANUARY 2014Our Presence Epic Research IndiaToll Free NumberMintara Road, Tarneit, Victoria. Post Code 30291-800-200-9454Phone.: +61 422 063855411 Milinda Manor (Suites 409- 417)HNI & NRI Sales Contact AustraliaAll queries should be directed to2 RNT Marg. Opp Cental Mall Indore (M.P.)Info@epicresearch.coHotline: +91 731 664 2300 Alternate: +91 731 664 2320 Or give us a missed call at 026 5309 0639 YOUR MINTVISORYHNI & NRI Sales Contact USA 2117 Arbor Vista Dr. Charlotte (NC) Cell: +1 704 249 2315Call us at +91-731-6642300

2. DAILY MARKET WRAPUP 21th JANUARY 2014 COMMODITYCONTRACTOPEN PRICEHIGHLOWCLOSE PRICE%CHANGEOI (in lots)GOLD05 FEB 201429288.0029390.0029288.0029034.000.998404SILVER05 MAR 201445084.0045265.0044983.0044545.001.2310932CRUDE20 JAN 20145832.005836.005800.005822.00-0.129381NATURAL GAS28 JAN 2014265.30265.30261.50269.20-2.1913407COPPER28 FEB 2014458.60459.20456.25456.550.0111283NICKEL31 JAN 2014895.0896.70881.80897.30-0.316444LEAD31 JAN 2014135.46135.75134.50133.700.713366ZINC31 JAN 2014128.35128.65127.60127.500.433082ALUMINIUM31 JAN 2014110.05110.20109.00108.400.652307LME WAREHOUSE STOCKS (21 JAN- 2014) METALALUMINIUM-8200COPPER-1225LEAD-500NICKEL816ZINC YOUR MINTVISORYTONNES IN STORAGE-4200 Call us at +91-731-6642300 3. INTERNATIONAL MARKETS 21th JANUARY 2014PRECIOUS AND INDUSTRY METALS COMMODITYUNITSPRICECHANGE% CHANGECONTRACTCOMEX GOLDUSD/T OZ.1,252.40+0.50+0.04%FEB 14GOLD SPOTUSD/T OZ.1,253.05-1.30-0.10%N/ACOMEX SILVERUSD/T OZ.20.22-0.09-0.44%MAR 14COMEX COPPERUSD/LB.334.00-0.45-0.13%MAR 14PLATINUM SPOTUSD/T OZ.1,463.88-5.12-0.35%N/AENERGY COMMODITY FUTURES COMMODITYUNITSPRICECHANGE% CHANGECONTRACTCRUDE OIL (WTI)USD/BBL.93.89-0.48-0.51%FEB 14CRUDE OIL (BRENT)USD/BBL.106.34-0.01-0.01%MAR 14RBOB GASOLINEUSD/GAL.262.80+0.76+0.29%FEB 14NYMEX NATURAL GASUSD/MMBTU4.30-0.03-0.65%FEB 14NYMEX HEATING OILUSD/GAL.302.88+0.51+0.17%FEB 14YOUR MINTVISORYCall us at +91-731-6642300 4. INTRADAY SUPPORT AND RESISTANCE 21th JANUARY 2014COMMODITYEXPIRYSUP.3SUP.2SUP.1PIVOTRES.1ALUMINIUM31-JAN106.97108.58109.47111.08111.97COPPER28-FEB451.92455.28457.52460.88463.12CRUDEOIL19-FEB57685813585158965934GOLD5-FEB2876329014291622941329561LEAD31-JAN131.73133.47134.43136.17137.13NATURALGAS28-JAN263.37264.73266.87268.23270.37NICKEL31-JAN881.1889.7898.2906.8915.3SILVER5-MAR4403644586449304548045824ZINC31-JAN125.72126.98127.72128.98129.72YOUR MINTVISORYCall us at +91-731-6642300 5. MOST ACTIVE CONTRACTS 21th JANUARY 2014SymbolExpiry DateLTPValue (In Lacs)Volume (In Lots)SILVERMICRO28-02-201445128.001,66,84,72,416.0036,972NATURAL GAS28-01-2014263.3088,83,478.7033,739CRUDE OIL19-02-20145815.0015,79,76,105.0027,167SILVER M28-02-201445132.0093,94,22,580.0020,815NICKEL31-01-2014894.501,76,77,109.0019,762NICKELMINI31-01-2014894.701,51,43,692.2016,926LEADMINI31-01-2014134.6520,14,498.6514,961COPPER28-02-2014456.6066,51,748.8014,568COPPERMINI28-02-2014456.6547,49,616.6510,401SILVER05-03-201445091.0046,86,30,763.0010,393YOUR MINTVISORYCall us at +91-731-6642300 6. TODAY,S COMMODITY NEWS 21th JANUARY 2014COMMODITY HEADLINES Castor seed To Gather Some More Buying In The Near TermCopper Showing Marginal Declines After Chinese Economic Data...Coriander Futures Settle In Red On Higher production EstimatesMentha Oil to Remain Underpressure On Strong Carryover Stocks In Local MandiesGold Hits Six-Week Highs As Rally ExtendsMalaysia Palm Oil Exports Down 15% During Januar..Chana To Remain Underpressure In The Near TermBanks can lend against gold jewellery up to 75% of LTV: RBIMCX Silvermic June contract was trading at Rs 47150 up Rs 39, or 0.08 percent.MCX Goldpetal February contract firms upYOUR MINTVISORYCall us at +91-731-6642300 7. COMMODITY BUZZ AND ECONOMIC EVENTS 21th JANUARY 2014COMMODITY BUZZ :SPECIAL NEWS : MCX Gold futures stayed mired in a tight range today. The commodity surged in the global markets, hitting its six-week highs but the gains were curtailed thereafter as the US dollar appreciated. The overall movement in global asset markets was thin today and gold added little gains in the electronic moves. The COMEX Gold futures are trading at $1253.90, up 2 dollars per ounce on the day. MCX Gold futures for February are trading at Rs 29330, up Rs 65 per 10 grams or 0.22% on the day. The open interest in the counter is up 4.20% . MCX SILVERMIC February contract was trading at Rs 45193 up Rs 28, or 0.06 percent. The SILVERMIC rate touched an intraday high of Rs 45285 and an intraday low of Rs 45020. So far 21035 contracts have been traded. SILVERMIC prices have moved up Rs 3193, or 7.60 percent in the February series so far. MCX SILVERMIC April contract was trading at Rs 46204 up Rs 74, or 0.16 percent.YOUR MINTVISORYGold prices extended gains for a second straight day on Monday by adding Rs. 20 to Rs. 30,200 per 10 grams in the national capital on sustained buying by stockists for the marriage season amid firm global cues. Silver followed suit and gained Rs. 50 to Rs. 45,250 per kg on increased offtake by industrial units and coin makers. In Mumbai, gold of 99.9 and 99.5 per cent purity was traded at Rs.30,170 and Rs. 30,020 per 10 grams, while silver enquired at Rs. 46,000 per kg.Gold in Singapore, which normally sets price trend on the domestic front, rose by 0.5 per cent to $1,260.07 an ounce, the highest price since December 11. Silver advanced 0.2 per cent to $20.35 an ounce. At the domestic front, gold of 99.9 and 99.5 per cent purity advanced by Rs. 20 each to Rs. 30,200 and Rs. 30,000 per 10 grams, respectively. It had gained Rs. 210 in the previous session. MCX SILVERMIC June contract was trading at Rs 47150 up Rs 39, or 0.08 percent. The SILVERMIC rate touched an intraday high of Rs 47253 and an intraday low of Rs 46600.Call us at +91-731-6642300 8. EPIC RESEARCH ANALYST SPEAKS 21th JANUARY 2014SILVER MCX:MCX SILVER march contract was closed at RS 45545 UP 1.23 percent. The SILVER rate have touched an intraday high of Rs 45265 and an intraday low of Rs 44983. So far 10360 contracts have been traded. Silver opened at morning with gap down and made day high. In day session silver trade in range-bound and made day high 45265 . After evening Have seen more buying in silver and it will helpful to break the nearest resistance 45280 further silver will touch level 45550 next trading session.BUY SILVER ABOVE 45300 TGTS 45500/45800 SL 44950 SELL SILVER BELOW 44950 TGTS 44750/44450 SL 45300YOUR MINTVISORYCall us at +91-731-6642300 9. EPIC RESEARCH ANALYST SPEAKS 21th JANUARY 2014GOLD MCX:MCX GOLD February contract was closed at Rs 29034 UP 0.99 percent. The GOLD rate touched an intraday high of Rs 29390 and an intraday low of Rs 29288. So far 7820 contracts have been traded. Gold Price is taking support at 28250 trade in range bound all day. In evening session gold price have cracked the nearest resistance 29350 and made high of 29390BUY GOLD ABOVE 29350 TGTS 29430/29530 SL 29250 SELL GOLD BELOW 29250 TGTS 29170/29070 SL 29350YOUR MINTVISORYCall us at +91-731-6642300 10. EPIC RESEARCH ANALYST SPEAKS 21th JANUARY 2014CASTORSEEDRESISTANCE 14375.70RESISTANCE 24416.3PIVOT4313.30SUPPORT 14272.70SUPPORT 24210.30BUY CASTORSEED FEB ABOVE 4380 TGTS 4410,4460 SL 4330 SELL CASTORSEED FEB BELOW 4315 TGTS 4285,4235 SL 4365YOUR MINTVISORYCall us at +91-731-6642300 11. EPIC RESEARCH ANALYST SPEAKS 21th JANUARY 2014DHANIYARESISTANCE 18198.70RESISTANCE 28277.30PIVOT8104.3SUPPORT 18021.3SUPPORT 27931.30BUY DHANIYA FEB ABOVE 8190 TGTS 8220,8270 SL 8140 SELL DHANIYA FEB BELOW 8090 TGTS 8070,8020 SL 8140YOUR MINTVISORYCall us at +91-731-6642300 12. TODAYS ECONOMIC EVENTS 21th JANUARY 2014TIMECOUNTRYEVENTACTUAL FORECAST PREVIOUSTUESDAY 21 JANUARY 2014 03:15NZDCPI (QOQ)-0.1%0.9%03:15NZDCPI (YOY)1.5%1.4%15:30EURZEW ECONOMIC SENTIMENT70.268.315:30EURGERMAN ZEW CURRENT CONDITIONS34.132.415:30EURGERMAN ZEW ECONOMIC SENTIMENT64.062.016:30GBPCBI INDUSTRIAL TRENDS ORDERS101219:00CADMANUFACTURING SALES (MOM)0.4%1.0%19:00CADWHOLESALE SALES (MOM)1.0%1.4%YOUR MINTVISORYCall us at +91-731-6642300 13. DISCLAIMER 21th JANUARY 2014 The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most.Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility.The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE.The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for. Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks.We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits