Daily commodity report 23 april - 2014 by epic research

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Transcript of Daily commodity report 23 april - 2014 by epic research

  • 1. YOUR MINTVISORY Call us at +91-731-6642300 23rd 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 Info@epicresearch.co

2. YOUR MINTVISORY Call us at +91-731-6642300 23rd APRIL 2014 COMMODITY CONTRACT OPEN PRICE HIGH LOW CLOSE PRICE %CHANGE OI (in lots) GOLD 05-JUN-14 28536 28678 28482 28599 +0.23% 10114 SILVER 05-MAY-14 42002 42470 41943 42236 +0.43% 13462 CRUDEOIL 19-MAY-14 6310 6318 6205 6225 -1.03% 8288 NATURALGAS 25-APR-14 285.9 288.8 284.1 288.1 +0.84% 7574 COPPER 30-APR-14 407 411.3 405.9 411 +0.66% 16290 LEAD 30-APR-14 129.15 131.1 129.15 131 +1.12% 2696 NICKEL 30-APR-14 1092 1116.1 1092 1115.1 +2.48% 8850 ZINC 30-APR-14 124.6 126.7 124.6 126.55 +1.53% 1953 ALUMINIUM 30-APR-14 111.3 113.45 111.3 113.3 +1.89% 2932 DAILY MARKET WRAPUP METAL TONNES IN STORAGE ALUMINIUM 4475 COPPER -375 LEAD -1675 NICKEL 282 TIN UNCH ZINC -3100 LME WAREHOUSE STOCKS (22-APRIL- 2014) 3. YOUR MINTVISORY Call us at +91-731-6642300 23rd APRIL 2014 COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT CRUDE OIL (WTI) USD/BBL. 101.58 -0.17 -0.17% JUN 14 CRUDE OIL (BRENT) USD/BBL. 109.27 0.00 0.00% JUN 14 RBOB GASOLINE USD/GAL. 309.43 -0.09 -0.03% MAY 14 NYMEX NATURAL GAS USD/MMBTU 4.74 0.00 +0.06% MAY 14 NYMEX HEATING OIL USD/GAL. 300.54 -0.63 -0.21% MAY 14 COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT COMEX GOLD USD/T OZ. 1,285.10 -3.40 -0.26% JUN 14 GOLD SPOT USD/T OZ. 1,284.83 +1.02 +0.08% N/A COMEX SILVER USD/T OZ. 19.45 +0.09 +0.49% JUL 14 COMEX COPPER USD/LB. 303.05 +0.20 +0.07% JUL 14 PLATINUM SPOT USD/T OZ. 1,404.94 +3.94 +0.28% N/A INTERNATIONAL MARKETS ENERGY COMMODITY FUTURES PRECIOUS AND INDUSTRY METALS 4. YOUR MINTVISORY Call us at +91-731-6642300 23rd APRIL 2014 COMMODITY EXPIRY SUP.3 SUP.2 SUP.1 PIVOT RES.1 ALUMINIUM 30-Apr 110.53 111.92 112.68 114.07 114.83 COPPER 30-Apr 404.00 407.50 409.40 412.90 414.80 CRUDEOIL 19-May 6136 6181 6249 6294 6362 GOLD 5-Jun 28390 28495 28586 28691 28782 LEAD 30-Apr 128.47 129.73 130.42 131.68 132.37 NATURALGAS 25-Apr 282.30 285.20 287.00 289.90 291.70 NICKEL 30-Apr 1083.6 1099.4 1107.7 1123.5 1131.8 SILVER 5-May 41689 41963 42216 42490 42743 ZINC 30-Apr 123.85 125.20 125.95 127.30 128.05 INTRADAY SUPPORT AND RESISTANCE 5. YOUR MINTVISORY Call us at +91-731-6642300 23rd APRIL 2014 MOST ACTIVE CONTRACTS Symbol Expiry Date LTP Value (In Lacs) Volume (In Lots) SILVERMICRO 30-04-2014 42242.00 2,40,53,86,206.00 56,943 CRUDE OIL 19-05-2014 6222.00 34,85,25,330.00 56,015 NATURAL GAS 25-04-2014 288.00 1,01,18,880.00 35,135 SILVER M 30-04-2014 42238.00 1,30,78,57,432.00 30,964 COPPER 30-04-2014 410.80 1,14,09,559.20 27,774 NICKEL 30-04-2014 1114.60 2,75,27,276.20 24,697 COPPERMINI 30-04-2014 410.90 90,91,573.40 22,126 SILVER 05-05-2014 42206.00 74,64,97,522.00 17,687 NICKELMINI 30-04-2014 1114.80 1,88,44,579.20 16,904 LEADMINI 30-04-2014 130.95 19,79,440.20 15,116 6. YOUR MINTVISORY Call us at +91-731-6642300 23rd APRIL 2014 TODAY,S COMMODITY NEWS COMMODITY HEADLINES 219 kg of gold seized from Kerala airports in one year Silver down 0.1% in futures trade, tracking global cues Silver down 1.2% on lower global trend Surat diamantaires' co-operative dream lies shattered End of the Goa mining ban: For miners, a long road to recovery Goa likely to extract about 6-mt iron ore in FY15 Copper down 0.4% on weak global cues Nickel up 1.2% on global cues. Wheat procurement in 2014-15 may slip, says food secretary Groundnut shelling units get relief on export front Potato down 1.3% on weak demand, high supply 'Wheat procurement may slip below last year's 25 million ton level' Oil prices down in quiet Asian trade Oil prices rise in Asian trade Pepper prices flare as output douses 40% El Nino seen starting as early as July as Pacific warms up Mentha oil down 0.4% on weak demand 7. YOUR MINTVISORY Call us at +91-731-6642300 23rd APRIL 2014 SPECIAL NEWS According to a report released by Germany-based service cen- ter Damstahl, Europe's stainless crude steel production totaled 670000 tons in January, decreasing by 3% year on year.In the given period of time, the stainless steel production in Germany decreased by 19%; that in Sweden fell by 4% and that in Slove- nia rose by 24%, all compared to the figures in the same period of a year ago. Finland stainless steel maker Outokumpu an- nounced to close in Germany Krefeld smelters plant in Decem- ber 2013, which is one of reasons for production decline. The German economy is set to register a strong growth in the first quarter on positive developments in industrial and con- struction activities, the finance ministry said in a report on Tuesday. The ministry cited unusually mild weather during the winter season and robust domestic demand as major factors that added positive impetus to industrial and construction sec- tors. The first quarter GDP data is due on May 15. However, economic growth will be weaker in the second quarter after gaining strength from mild weather in the first quarter, the ministry said. But this technical effect should not be inter- preted as a sign the economic pace slowing, the ministry added. The indicators signal an upward economic trend. COMMODITY BUZZ Stainless crude steel production totaled 670000 tons in January, decreasing by 3% year on year. In the given period of time, the stainless steel production in Germany decreased by 19%; that in Sweden fell by 4% and that in Slovenia rose by 24%, all compared to the figures in the same period of a year ago. Finland stainless steel maker Outokumpu announced to close in Germany Krefeld smelters plant in December 2013, which is one of reasons for pro- duction decline. Copper remained trading in a dull and lethargic zone in the trades on Tuesday. The prices have been in a non volatile movement since last 10 days. Tuesday was no better as MCX prices remained trading in dull trend. The domestic prices were last seen at Rs 407.65 per kg, down 0.12%. The prices tested a high of Rs 407.85 per kg and a low of Rs 405.9 per kg. This is even after the news of sharp jump in the refined Copper imports of China. Gold extended losses for a fourth straight day on Tuesday as out- flows from physical gold funds pointed to weak investment appe- tite, though a retreat in the dollar took some pressure off prices. The metal hit its lowest since early April at $1,281.40 an ounce on Monday, after peaking above $1,330 a week before on concerns over Ukraine. COMMODITY BUZZ AND ECONOMIC EVENTS 8. YOUR MINTVISORY Call us at +91-731-6642300 23rd APRIL 2014 EPIC RESEARCH ANALYST SPEAKS SILVER SILVER MCX Short term trend is DOWN. Immediate support @ 41700. Immediate Resistance @ 42700. Yesterday SILVER MCX Closed @ 4. Yesterday Intraday Range of SILVER MCX was 527 .Open Interest was DOWN 2.55 %, Volumes were 17035 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY SILVER(MAY) ABOVE 42630 TGTS 42830/43130 SL 42300 SELL SILVER(MAY) BELOW 41900 TGTS 41700/41400 SL 42320 9. YOUR MINTVISORY Call us at +91-731-6642300 23rd APRIL 2014 EPIC RESEARCH ANALYST SPEAKS GOLD GOLD MCX Short term trend is DOWN. Immediate support @ 28200. Immediate Resistance @ 28700. Yesterday GOLD MCX Closed @ 2. Yesterday Intraday Range of GOLD MCX was 196. Open Interest was UP+ 4.80%, Volumes were 14250 lots. For to- day Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY GOLD(JUN) ABOVE 28700 TGTS 28780/28880 SL 28580 SELL GOLD(JUN) BELOW 28450 TGTS 28370/28270 SL 28570 10. YOUR MINTVISORY Call us at +91-731-6642300 23rd APRIL 2014 EPIC RESEARCH ANALYST SPEAKS GUARSEED Guarseed May daily chart breaks consolidation in upper side. expecting from here onwards guarseed price may go up Momentum indicators RSI is above mid range signs bullishness. In intraday basis immediate support @ 4950 & immediate re- sistance @ 5020. BUY GUARSEED ABOVE 5020 TGTS 5050,5100 SL 4970 SELL GUARSEED BELOW 4950 TGTS 4920,4870 SL 5000 RESISTANCE 2 5138 RESISTANCE 1 5077 PIVOT 5035 SUPPORT 1 4892 SUPPORT 2 4768 11. YOUR MINTVISORY Call us at +91-731-6642300 23rd 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 above range. We are waiting for the closing of next trading session, trend is bullish. Immediate support @ 9670 & Im- mediate resistance @ 9760. BUY DHANIYA ABOVE 9760 TGTS 9790,9840 SL 9710 SELL DHANIYA BELOW 9670 TGTS 9640,9590 SL 9710 RESISTANCE 2 9817 RESISTANCE 1 9765 PIVOT 9700 SUPPORT 1 9624 SUPPORT 2 9535 12. YOUR MINTVISORY Call us at +91-731-6642300 23rd APRIL 2014 WEDNESDAY, APRIL 23 TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS 07:00 AUD CPI (QOQ) 0.6% 0.8% 0.8% 07:00 AUD CPI (YOY) 2.9% 3.2% 2.7% 07:00 AUD TRIMMED MEAN CPI (QOQ) 0.5% 0.7% 0.9% 07:15 CNY CHINESE HSBC MANUFACTURING PMI 48.3 48.4 48.0 10:30 SGD SINGAPOREAN CPI (YOY) 1.1% 0.4% 12:30 EUR FRENCH MANUFACTURING PMI 51.9 52.1 12:30 EUR FRENCH SERVICES PMI 51.4 51.5 13:00 EUR GERMAN MANUFACTURING PMI 54.0 53.7 13:00 EUR GERMAN SERVICES PMI 53.4 53.0 13:30 EUR MANUFACTURING PMI 53.0 53.0 13:30 EUR SERVICES PMI 52.4 52.2 14:00 GBP MPC MEETING MINUTES 15:30 GBP CBI INDUSTRIAL TRENDS ORDERS 7 6 18:00 CAD CORE RETAIL SALES (MOM) 0.6% 1.0% 18:00 CAD RETAIL SALES (MOM) 0.5% 1.3% 19:30 USD NEW HOME SALES (MOM) -3.3% 19:30 USD NEW HOME SALES 450K 440K TODAYS ECONOMIC EVENTS 13. YOUR MINTVISORY Call us at +91-731-6642300 23rd APRIL 2014 The information and views in this report, our website & all the service we p