Daily commodity report 21 april -2014 by epic research

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21st APRIL 2014

DAILY COMMODITY REPORT

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21st APRIL 2014

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

GOLD 05-JUN-14 28550 28617 28460 28505 -0.34 9392

SILVER 05-MAY-14 42336 42570 42166 42377 -0.14 14663

CRUDEOIL 21-APR-14 6252 6318 6246 6287 0.59 7915

NATURALGAS 25-APR-14 274.2 286.5 271.1 285.5 3.94 8406

COPPER 30-APR-14 405.5 407.8 403.75 407.4 0.65 18095

LEAD 30-APR-14 128.35 129.1 127.75 128.8 0.27 2603

NICKEL 30-APR-14 1081.5 1090.5 1071.5 1083.3 0.52 8592

ZINC 30-APR-14 124.2 124.8 123.8 124.25 -0.04 1700

ALUMINIUM 30-APR-14 111.3 112 110.3 111 -0.36 2782

DAILY MARKET WRAPUP

METAL TONNES IN STORAGE

ALUMINIUM -10450

COPPER -475

LEAD -225

NICKEL -1266

TIN 55

ZINC -3325

LME WAREHOUSE STOCKS (17-APRIL-2014)


21st APRIL 2014

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL (WTI) USD/BBL. 104.02 -0.28 -0.27% MAY 14

CRUDE OIL (BRENT) USD/BBL. 109.12 -0.41 -0.37% JUN 14

RBOB GASOLINE USD/GAL. 304.81 -0.66 -0.22% MAY 14

NYMEX NATURAL GAS USD/MMBTU 4.74 -0.01 -0.13% MAY 14

NYMEX HEATING OIL USD/GAL. 300.10 -0.72 -0.24% MAY 14

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1,290.00 -3.90 -0.30% JUN 14

GOLD SPOT USD/T OZ. 1,287.35 -6.95 -0.54% N/A

COMEX SILVER USD/T OZ. 19.37 -0.23 -1.15% MAY 14

COMEX COPPER USD/LB. 302.85 -0.55 -0.18% JUL 14

PLATINUM SPOT USD/T OZ. 1,413.00 -1.00 -0.07% N/A

INTERNATIONAL MARKETS

ENERGY COMMODITY FUTURES

PRECIOUS AND INDUSTRY METALS


21st APRIL 2014

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

ALUMINIUM 30-APR 109.40 110.20 111.10 111.90 112.80

COPPER 30-APR 402.27 404.83 406.32 408.88 410.37

CRUDEOIL 19-MAY 6200 6233 6267 6300 6334

GOLD 5-JUN 28370 28438 28527 28595 28684

LEAD 30-APR 127.20 128.00 128.55 129.35 129.90

NATURALGAS 25-APR 265.63 275.57 281.03 290.97 296.43

NICKEL 30-APR 1062.8 1073.0 1081.8 1092.0 1100.8

SILVER 5-MAY 41967 42172 42371 42576 42775

ZINC 30-APR 123.28 123.77 124.28 124.77 125.28

INTRADAY SUPPORT AND RESISTANCE


21st APRIL 2014

MOST ACTIVE CONTRACTS

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

NATURAL GAS 25-04-2014 285.20 1,77,55,126.00 62,255

CRUDE OIL 21-04-2014 6287.00 37,42,96,545.00 59,535

SILVERMICRO 30-04-2014 42390.00 2,31,71,22,180.00 54,662

NICKEL 30-04-2014 1084.70 3,51,22,586.00 32,380

SILVER M 30-04-2014 42382.00 1,18,52,55,012.00 27,966

NICKELMINI 30-04-2014 1084.30 2,70,86,898.30 24,981

COPPER 30-04-2014 407.35 90,10,174.65 22,119

COPPERMINI 30-04-2014 407.40 73,26,681.60 17,984

SILVER 05-05-2014 42355.00 71,32,58,200.00 16,840

LEADMINI 30-04-2014 128.75 18,93,140.00 14,704


21st APRIL 2014

TODAY,S COMMODITY NEWS

COMMODITY HEADLINES Surat diamantaires' co-operative dream lies shattered

Unofficial gold imports rose 75% in 2013: Survey

Silver down 0.5% on weak global cues

Official gold supply dries up further

Copper prices may fall below $ 7,000/tonne on oversupply

Copper no longer metals' bellwether

Lead down 0.2% on global cues, subdued spot demand

Zinc down 0.3% on overseas cues

Jaggery prices shoot up, in line with those of sugar

Sugar exports: Industry restive over delays in subsidy revision

Sugar output down 4%, says Isma

Oil at 6-week high on Ukraine crisis

Oil rises toward $110 as Ukraine tension rises

Oil prices mixed after weak Chinese GDP data

Iron ore production yet to pick up in Karnataka


21st APRIL 2014

SPECIAL NEWS

The Industrial Production of China is giving strength to the

base metals that are linked with the growth. China being

the consumer of major metals plays a active role in the de-

mand determination of the markets. The report from Na-

tional Bureau of Statistics released showed that China's in-

dustrial value added expanded by 8.8% in March from an

average growth of 8.6% in the Jan-Feb period. The value

added of state-owned enterprises saw a 4.6%- growth year

on year in March, while that of joint stock companies ex-

panded by 10.1%. Last month, the value added of the manu-

facturing sector grew by 9.9 , while that of the mining in-

dustry grew by 2.9% .

Germany's producer prices dropped for an eighth successive

month in March and at a faster than expected pace, data

from Destatis showed Thursday. The PPI fell 0.9% year-on-

year in March, same as in February. Producer prices have

declined every month since August last year and the biggest

fall in the cycle was in January, when they dropped 1.1%.

Gold stayed lower on Thursday due to profit selling amid

China demand concerns for the current year. Weekly job-

less claims and Philadelphia Fed manufacturing survey for

March are major economic events scheduled to released.

COMMODITY BUZZ

Unofficial inflow’ of gold into India was estimated at 178.7

tonnes in 2013, about 75% higher compared to the 104 ton-

nes in 2012. This follows the several restrictions of official

import, such as a 10.3% tariff and a legal compulsion to ex-

port 20% of any imported gold. GFMS estimated the total

gross gold import in 2013 at 961.7 tonnes, a tenth lower than

the previous year. The govt’s curbs were after a rise in gold

import to $56 bn in 2012-13; this was held to be putting un-

due pressure on the current account deficit.

MCX Crude oil futures came off their highs following a slight

moderation in global prices. The commodity had stayed sup-

ported earlier in the session as concerns over clashes between

pro-Russia militants and Ukrainian forces continued to feed

worries over global oil supplies.

The quick recovery in the COMEX Copper seen on Wednes-

day and which is continuing on Thursday is due to the prices

slowing down to the levels of production cost. The metal is

produced at $ 2.8 to $ 3 per pound in various mines across the

globe. In brief moment last session the prices of COMEX

Copper moved below $3 before recover.

COMMODITY BUZZ AND ECONOMIC EVENTS


21st APRIL 2014

EPIC RESEARCH– ANALYST SPEAKS

SILVER

Silver price have reversed after taking resistance of 42800 level. But MACD is in a buy mode. We expect prices to correct

up to levels of 43800 level soon.

BUY SILVER(MAY) ABOVE 42700 TGTS 42950/43300 SL 42400

SELL SILVER(MAY) BELOW 42100 TGTS 41850/41500 SL 42400


21st APRIL 2014


GOLD

MCX Gold have reversed after taking support of 28200 level. RSI and MACD is in buy mode. We expect prices to recover

up to levels of 28800.

BUY GOLD(MAY) ABOVE 28650 TGTS 28730/28830 SL 28550

SELL GOLD(MAY) BELOW 28400 TGTS 28320/28220 SL 28500


21st APRIL 2014


DHANIYA

Dhaniya daily chart shows bullish trend. once again dhaniya fall form upper level and consolidating in range, now price

is in support level. We are waiting for the closing of next session trend is bullish. RSI is in mid range. Immediate support

@ 9565 & Immediate resistance @ 9620.

BUY DHANIYA MAY ABOVE 9620 TGTS 9650,9700 SL 9570

SELL DHANIYA MAY BELOW 9565 TGTS 9535,9485 SL 9605

RESISTANCE 1 9737

RESISTANCE 2 9664

PIVOT 9590

SUPPORT 1 9521

SUPPORT 2 9451


21st APRIL 2014


GUARSEED

Guarseed Apr. short term trend looking sideways to bearish in daily chart, and it’s in it’s resistance zone. Momentum in-

dicators RSI is above mid range, expecting may go up. In intraday basis immediate support is @ 4800 & immediate resis-

tance is @ 4880.

BUY GUARSEED MAY ABOVE 4880 TGTS 4910,4960 SL 4830

SELL GUARSEED MAY BELOW 4800 TGTS 4770,4720 SL 4850

RESISTANCE 1 4917

RESISTANCE 2 4883

PIVOT 4848

SUPPORT 1 4813

SUPPORT 2 4777


21st APRIL 2014

MONDAY, APRIL 21

TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS

ALL DAY HOLIDAY AUSTRALIA - EASTER

ALL DAY HOLIDAY FRANCE - EASTER

ALL DAY HOLIDAY GERMANY - EASTER

ALL DAY HOLIDAY UNITED KINGDOM - EASTER

ALL DAY HOLIDAY ITALY - EASTER

ALL DAY HOLIDAY BRAZIL - TIRADENTES DAY

ALL DAY HOLIDAY NORWAY - EASTER MONDAY

ALL DAY HOLIDAY SWITZERLAND - EASTER MONDAY

ALL DAY HOLIDAY SPAIN - EASTER MONDAY

ALL DAY HOLIDAY HONG KONG - EASTER MONDAY

ALL DAY HOLIDAY NEW ZEALAND - EASTER MONDAY

ALL DAY HOLIDAY SOUTH AFRICA - FAMILY DAY

05:20 JPY EXPORTS (YOY) 6.3% 9.8%

05:20 JPY TRADE BALANCE -1,070B -800B

TODAY’S ECONOMIC EVENTS


21st APRIL 2014

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Daily commodity report 21 april -2014 by epic research

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