Daily Commodity Report 22 -April-2014 by EPIC RESEARCH

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YOUR MINTVISORY Call us at +91-731-6642300 22 nd APRIL 2014 DAILY COMMODITY REPORT Our Presence Epic Research India 411 Milinda Manor (Suites 409- 417) 2 RNT Marg. Opp Cental Mall Indore (M.P.) Hotline: +91 731 664 2300 Or give us a missed call at 026 5309 0639 HNI & NRI Sales Contact Australia Mintara Road, Tarneit, Victoria. Post Code 3029 Phone.: +61 422 063855 HNI & NRI Sales Contact USA 2117 Arbor Vista Dr. Charlotte (NC) Cell: +1 704 249 2315 Toll Free Number 1-800-200-9454 All queries should be directed to [email protected]

Transcript of Daily Commodity Report 22 -April-2014 by EPIC RESEARCH

YOUR MINTVISORY Call us at +91-731-6642300

22nd APRIL 2014

DAILY COMMODITY REPORT

Our Presence

Epic Research India

411 Milinda Manor (Suites 409- 417)

2 RNT Marg. Opp Cental Mall

Indore (M.P.)

Hotline: +91 731 664 2300

Or give us a missed call at

026 5309 0639

HNI & NRI Sales Contact Australia

Mintara Road, Tarneit, Victoria. Post Code 3029

Phone.: +61 422 063855

HNI & NRI Sales Contact USA

2117 Arbor Vista Dr. Charlotte (NC)

Cell: +1 704 249 2315

Toll Free Number

1-800-200-9454

All queries should be directed to

[email protected]

YOUR MINTVISORY Call us at +91-731-6642300

22nd APRIL 2014

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

GOLD 05-JUN-14 28425.00 28569.00 28282.00 28505.00 -0.10 10262

SILVER 05-MAY-14 42250.00 42250.00 41760.00 42377.00 -0.99 15478

CRUDEOIL 19-SEP-14 6260.00 6322.00 6249.00 6267.00 0.29 9909

NATURALGAS 25-APR-14 286.60 290.30 285.40 285.50 0.00 8689

COPPER 30-APR-14 407.45 408.65 705.60 407.40 0.12 18039

LEAD 30-APR-14 128.70 129.70 128.00 128.80 0.47 2955

NICKEL 30-APR-14 1080.00 1090.00 1074.00 1083.30 0.33 9431

ZINC 30-APR-14 124.10 124.50 123.30 124.25 0.12 1859

ALUMINIUM 30-APR-14 111.25 111.50 110.45 111.00 0.23 2810

DAILY MARKET WRAPUP

METAL TONNES IN STORAGE

ALUMINIUM -8150

COPPER UNCH

LEAD -1675

NICKEL 186

TIN -15

ZINC -3150

LME WAREHOUSE STOCKS (21-APRIL-2014)

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22nd APRIL 2014

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL (WTI) USD/BBL. 104.24 -0.06 -0.06% MAY 14

CRUDE OIL (BRENT) USD/BBL. 109.81 -0.14 -0.13% JUN 14

RBOB GASOLINE USD/GAL. 308.50 +3.03 +0.99% MAY 14

NYMEX NATURAL GAS USD/MMBTU 4.70 0.00 +0.06% MAY 14

NYMEX HEATING OIL USD/GAL. 301.06 +0.24 +0.08% MAY 14

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1,286.40 -7.50 -0.58% JUN 14

GOLD SPOT USD/T OZ. 1,288.66 -1.11 -0.09% N/A

COMEX SILVER USD/T OZ. 19.36 -0.24 -1.20% MAY 14

COMEX COPPER USD/LB. 301.85 -1.55 -0.51% JUL 14

PLATINUM SPOT USD/T OZ. 1,408.00 +4.87 +0.35% N/A

INTERNATIONAL MARKETS

ENERGY COMMODITY FUTURES

PRECIOUS AND INDUSTRY METALS

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22nd APRIL 2014

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

ALUMINIUM 30-APR 110.02 110.63 111.07 111.68 112.12

COPPER 30-APR 404.40 406.25 407.45 409.30 410.50

CRUDEOIL 19-MAY 6213 6250 6286 6323 6359

GOLD 5-JUN 28165 28346 28463 28644 28761

LEAD 30-APR 127.37 128.43 129.07 130.13 130.77

NATURALGAS 25-APR 281.80 283.70 287.00 288.90 292.20

NICKEL 30-APR 1067.9 1077.7 1083.9 1093.7 1099.9

SILVER 5-MAY 41522 41775 42012 42265 42502

ZINC 30-APR 122.72 123.63 124.22 125.13 125.72

INTRADAY SUPPORT AND RESISTANCE

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22nd APRIL 2014

MOST ACTIVE CONTRACTS

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

SILVERMICRO 30-04-2014 42004.00 2,09,97,37,956.00 49,989

NATURAL GAS 25-04-2014 285.50 1,19,13,058.50 41,727

SILVER M 30-04-2014 42008.00 1,08,05,29,776.00 25,722

CRUDE OIL 19-05-2014 6285.00 15,18,64,455.00 24,163

COPPER 30-04-2014 407.90 68,12,337.90 16,701

SILVER 05-05-2014 41985.00 64,98,43,830.00 15,478

COPPERMINI 30-04-2014 407.80 55,63,207.60 13,642

GOLD M 05-05-2014 29516.00 38,37,96,548.00 13,003

NICKEL 30-04-2014 1086.90 1,20,33,069.90 11,071

NICKELMINI 30-04-2014 1087.00 1,18,97,215.00 10,945

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22nd APRIL 2014

TODAY,S COMMODITY NEWS

COMMODITY HEADLINES

Silver down 1.2% on lower global trend

Surat diamantaires' co-operative dream lies shattered

Unofficial gold imports rose 75% in 2013: Survey

Silver down 0.5% on weak global cues

Nickel prices climb to 19-mth high

Lead down 0.5% as speculators trim position

Nickel down 0.6% on subdued spot demand

Copper down 0.1% on weak global cues

Rasoya Proteins to enter into maize based ethanol production

Coriander up 1.1% on spot demand

Cardamom up 2.4% on spot demand

Maharashtra's sugar revenue-sharing formula good for all states

Oil prices down in quiet Asian trade

Oil prices rise in Asian trade

Oil rises toward $110 as Ukraine tension rises

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22nd APRIL 2014

SPECIAL NEWS

Federal Reserve Bank of Chicago said that Chicago Fed

National Activity Index rose to a seasonally adjusted 0.20,

from 0.53 in the preceding month whose figure was re-

vised up from 0.14.Analysts had expected Chicago Fed

National Activity Index to rise 0.20 last month

China will maintain self-sufficiency in its main food

crops, including wheat and rice, in the coming decade,

said an agricultural report released yesterday. However,

the country is likely to see continued increase in its food

imports. The report, China Agricultural Outlook 2014-23,

released by the Agricultural Information Institute of the

Chinese Academy of Agricultural Sciences, estimates that

China's annual output of three main crops - wheat, rice

and corn - would surge to 578 million metric tons in

2023, still maintaining a high self-sufficiency rate. The

total demand for these crops would hit 596 million tons

by then. The nation's foodgrain output hit 602 million

tons in 2013, the 10th consecutive year of increased grain

harvests, the annual output of rice is expected to rise to

204 million tons in 2023 .

COMMODITY BUZZ

The Commerce Ministry today pitched for removal of restric-

tions on gold imports saying it is not sustainable in the long-

run."The present gold import policy is workable only for a

short distance. When this policy was conceptualized it was

for a limited objective...the Department of Commerce has

taken a very clear decision that this policy is not sustainable

in the long-run," Commerce Secretary Rajeev Kher said at an

event. He further said it needs to appropriately amended. In

order to check rising current account deficit (CAD), the gov-

ernment had raised import duties and the RBI had imposed

curbs on import of the metal.

Hailing the Supreme Court order on mining in Goa, stake-

holders today said the state and Central governments should

collectively work towards early resumption of iron ore ex-

traction activity. The top court today allowed an annual cap

of 20 million tonnes of iron ore to be extracted in Goa which

was banned by it in the state for nearly one-and-a-half years.

The state and Central governments should work together to

restart the mining industry as soon as possible.

COMMODITY BUZZ AND ECONOMIC EVENTS

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22nd APRIL 2014

EPIC RESEARCH– ANALYST SPEAKS

SILVER

SILVER MCX Short term trend is DOWN, Immediate support @ 41700Immediate Resistance @ 42700

Today SILVER MCX Closed @ 42377.00. Yesterday Intraday Range of SILVER MCX was 490 .Open Interest was UP +3.45

%, Volumes were 14840 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to US-

DINR Movements.

BUY SILVER(MAY) ABOVE 42250 TGTS 42450/42750 SL 41950

SELL SILVER(MAY) BELOW 41750 TGTS 41550/41250 SL 42100

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22nd APRIL 2014

EPIC RESEARCH– ANALYST SPEAKS

GOLD

GOLD MCX Short term trend is DOWN, Immediate support @ 28200Immediate Resistance @ 28650

GOLD MCX Closed @28505.00. Yesterday Intraday Range of GOLD MCX was 287. Open Interest was UP+ 10.45 %,

Volumes were 10365 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR

Movements.

BUY GOLD(JUN) ABOVE 28660 TGTS 28740/28840 SL 28540

SELL GOLD(JUN) BELOW 28450 TGTS 28370/28270 SL 28570

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22nd APRIL 2014

EPIC RESEARCH– ANALYST SPEAKS

DHANIYA

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

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

Immediate support @ 9665 & Immediate resistance @ 9750.

BUY DHANIYA MAY ABOVE 9750 TGTS 9780,9830 SL 9700

SELL DHANIYA MAY ABOVE 9665 TGTS 9635,9585 SL 9715

RESISTANCE 1 9807

RESISTANCE 2 9873

PIVOT 9670

SUPPORT 1 9637

SUPPORT 2 9533

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22nd APRIL 2014

EPIC RESEARCH– ANALYST SPEAKS

GUARSEED

Guarseed April short term trend looking sideways to bearish in daily chart. and it is in their resistance

Momentum indicators RSI is above mid range, In intraday basis immediate support @ 4800 & immediate resistance @

4880.

BUY GUARSEED MAY ABOVE 4880 TGTS 4910,4960 SL 4820

AWLL GUARSEED MAY BELOW 4800 TGTS 4770,4720 SL 4850

RESISTANCE 1 4907

RESISTANCE 2 4968

PIVOT 4822

SUPPORT 1 4792

SUPPORT 2 4738

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22nd APRIL 2014

TUESDAY, APRIL 22

TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS

08:30 CAD WHOLESALE SALES (MOM) 0.7% 0.8%

10:00 USD EXISTING HOME SALES 4.55M 4.60M

10:00 USD EXISTING HOME SALES (MOM) -0.4%

21:30 AUD CPI (YOY) 3.2% 2.7%

21:30 AUD CPI (QOQ) 0.8% 0.8%

21:30 AUD TRIMMED MEAN CPI (QOQ) 0.7% 0.9%

21:45 CNY CHINESE HSBC MANUFACTURING PMI 48.4 48.0

TODAY’S ECONOMIC EVENTS

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22nd APRIL 2014

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