Daily Commodity Report 30 Jan 2014 by EPIC RESEARCH

8/13/2019 Daily Commodity Report 30 Jan 2014 by EPIC RESEARCH

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YOUR MINTVISORY Call us at +91-731-6642300

30th JANUARY 2014

DAILY COMMODITY REPORT

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30th JANUARY 2014

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

GOLD 05 FEB 2014 29450.00 29840.00 29346.00 29521 0.69 6609

SILVER 05 MAR 2014 44100.00 45074.00 43844.00 44169.00 0.65 10407

CRUDE 19 FEB 2014 6120.00 6149.00 6058.00 6133.00 -0.07 11862

NATURAL GAS 28 JAN 2014 308.20 320.80 303.50 309.10 3.69 17693

COPPER 28 FEB 2014 452.15 454.20 449.45 453.00 -0.12 10332

NICKEL 31 JAN 2014 884.50 888.60 876.10 886.10 -0.82 4166

LEAD 31 JAN 2014 133.80 135.10 132.85 134.35 0.11 2501

ZINC 31 JAN 2014 124.55 125.45 123.80 125.05 -0.24 1410

ALUMINIUM 31 JAN 2014 107.20 107.75 106.60 107.70 -0.56 1769

DAILY MARKET WRAPUP

METAL TONNES IN STORAGE

ALUMINIUM 1050

COPPER -3775

LEAD 300

NICKEL 144

ZINC -4600

LME WAREHOUSE STOCKS (29 JAN- 2014)


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COMMODITY UNITS PRICE CHANGE CHANGE CONTRACT

CRUDE OIL (WTI) USD/BBL. 97.53 +0.17 +0.17% MAR 14

CRUDE OIL (BRENT) USD/BBL. 107.89 +0.04 +0.04% MAR 14

RBOB GASOLINE USD/GAL. 265.96 -0.13 -0.05% FEB 14

NYMEX NATURAL GAS USD/MMBTU 5.39 -0.07 -1.34% MAR 14

NYMEX HEATING OIL USD/GAL. 319.00 +0.84 +0.26% FEB 14

COMMODITY UNITS PRICE CHANGE CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1,261.90 -0.30 -0.02% APR 14

GOLD SPOT USD/T OZ. 1,262.23 -5.11 -0.40% N/A

COMEX SILVER USD/T OZ. 19.55 -0.01 -0.04% MAR 14

COMEX COPPER USD/LB. 323.35 -0.70 -0.22% MAR 14

PLATINUM SPOT USD/T OZ. 1,406.88 -6.18 -0.44% N/A

INTERNATIONAL MARKETS

ENERGY COMMODITY FUTURES

PRECIOUS AND INDUSTRY METALS


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COMMODITY EXPIRY SUP.3 SUP.2 SUP.1 PIVOT RES.1

ALUMINIUM 31-Jan 105.43 106.02 106.58 107.17 107.73

COPPER 28-Feb 445.38 447.42 450.13 452.17 454.88

CRUDEOIL 19-Feb 5985 6021 6076 6112 6167

GOLD 5-Feb 28949 29147 29443 29641 29937

LEAD 31-Jan 131.12 131.98 133.37 134.23 135.62

NATURALGAS 25-Feb 290.03 296.77 308.93 315.67 327.83

NICKEL 31-Jan 858.8 867.1 871.9 880.2 885.0

SILVER 5-Mar 42578 43211 43808 44441 45038

ZINC 31-Jan 122.37 123.08 124.02 124.73 125.67

CARDAMOM 15-Feb 711.8 721.2 739.2 748.6 766.6

INTRADAY SUPPORT AND RESISTANCE


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MOST ACTIVE CONTRACTS

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

SILVERMICRO 28-02-2014 44492.00 5,76,48,28,440.00 1,29,570

NATURAL GAS 25-02-2014 320.50 3,31,15,983.00 1,03,326

CRUDE OIL 19-02-2014 6129.00 42,16,93,587.00 68,803

SILVER M 28-02-2014 44492.00 2,48,55,90,072.00 55,866

SILVER 05-03-2014 44456.00 1,42,28,14,280.00 32,005

COPPER 28-02-2014 452.45 1,11,07,195.05 24,549

LEADMINI 31-01-2014 134.60 28,34,137.60 21,056

COPPERMINI 28-02-2014 452.45 87,57,622.20 19,356

GOLD M 05-02-2014 29826.00 50,72,80,608.00 17,008

GOLD 05-02-2014 29725.00 49,26,62,150.00 16,574
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TODAY,S COMMODITY NEWS

COMMODITY HEADLINES

Silver down 0.6% on global cues, weak spot demand and Gold down 0.7%

Jewellery sales shoot up on panic buying with old notes

Zinc down 0.9% on global cues

Nickel down 0.6% on spot demand, global cues

Soybean down 1.7% on global cues

Chana down 0.8% on subdued spot demand

Coriander up 1.1% on spot demand

Oil rebounds in Asia on bargain hunting

Oil prices supported by dip in US distillate supplies

Oil prices hit by profit-taking in Asian trade

Mentha oil up 0.2% on spot demand


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SPECIAL NEWS

MCX Gold edged up yesterday following a recovery inglobal prices. The South African miners strike contin-ues and bargain hunting emerged in the yellow metalafter losses in last session. COMEX Gold eased from itstow month highs as profit selling tricked in followingthe improving US consumer confidence and rising eq-uities. The overall sentiments in global markets were

steady today and the US dollar gained to a one weekhigh of 1.3640 against the Euro ahead of the Fed deci-sion later on yesterday .The Reserve Bank of Australiahas cut interest rates eight times since late 2011 to arecord low of 2.50% to cushion the economy againstthe downturn.

Japan retail sales rose 2.6 percent on year in Decem-ber, the Ministry of Economy, Trade and Industry saidon Thursday, following the upwardly revised 4.1 per-cent gain in the previous month (originally 4.0 per-cent). Sales from large retailers added just 0.1 percenton year after gaining 0.6 percent in November.

COMMODITY BUZZ

The Federal Reserve Wednesday took another gradualstep toward exiting its controversial bond-buying pro-gram, remaining stoic in the face of market turmoil.. Asexpected, the central bank went ahead with a second $10billion reduction in its monthly bond buys, to $65 billion.The decision came at the end of a two-day meeting thatwill mark the end of the Ben Bernanke era. Bernanke is

stepping aside as Chairman after eight years, replaced bycurrent Vice Chair Janet Yellen.

The HSBC China Manufacturing Purchasing Managers'Index fell to a final reading of 49.5 in January from 50.5 inDecember, HSBC Holdings PLC said on Thursday. A read-ing below 50 in the gauge of nationwide manufacturingindicates a contraction from the previous month and

above indicates expansion. New export orders declined forthe second straight month and production grew margin-ally, The final reading was slightly lower than HSBC'spreliminary January PMI of 49.6 published on Jan. 23.The preliminary figure is based on 85% to 90% of re-sponses to its PMI survey

COMMODITY BUZZ AND ECONOMIC EVENTS


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EPIC RESEARCH ANALYST SPEAKS

SILVER

SILVER MCX Short term trend is up, Immediate support @ 45300 Immediate Resistance @ 44300 yesterday SILVER MCXClosed @ 44405.Yesterday Intraday Range of SILVER MCX was 1230. Open Interest was down 17.37, Volumes were 33437

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

BUY SILVER ABOVE 44750 TGTS 44950/45250 SL 44350SELL SILVER BELOW 44100 TGTS 43900/43600SL 44450


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GOLD MCX:

GOLD MCX Short term trend is up, Immediate support @ 29350 Immediate Resistance @ 29900 GOLD MCX Closed@ 29521 Yesterday Intraday Range of GOLD MCX was +494 Open Interest was down 4.24, Volumes were 17340lots.

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

BUY GOLD ABOVE 29880 TGTS 29960/30060 SL 29760SELL GOLD BELOW 29600 TGTS 29520/29420 SL 29720


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CASTORSEED

Castorseed Feb. looking sideways to bearish in daily chart. Momentum indicators also support bearishness. Profitbooking is continue in downside, but expecting price will go down. In intraday basis immediate support @ 4080 &

immediate resistance @ 4150.

BUY CASTORSEED FEB ABOVE 4150 TGTS 4180,4230 SL 4100SELL CASTORSEED FEB BELOW 4080 TGTS 4050,4000 SL 4130

RESISTANCE 1 4181.70

RESISTANCE 2 4256.30

PIVOT 4122.3

SUPPORT 1 4047.7

SUPPORT 2 3988.3


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DHANIYA

On Technical chart Dhaniya Feb. is in bullish trend where Dhaniya Feb. future has strong resistance at 8670. on in-traday basis immediate support @ 8390 and immediate resistance @8495.Momentum indicators RSI and MACD is

above their mid range also support bullish trend in Dhaniya. Expecting that rising in price will continue in upcom-ing trading session.

BUY DHANIYA FEB ABOVE 8495 TGTS 8525,8575 SL 8445SELL DHANIYA FEB BELOW 8390 TGTS 8360,8310 SL 8440

RESISTANCE 1 8379.7

RESISTANCE 2 8439.3

PIVOT 8307.3

SUPPORT 1 8247.7

SUPPORT 2 8175.3


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TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS THURSDAY, JANUARY 30

ALL DAY SOUTH KOREA - LUNAR NEW YEAR

00:30 USD FOMC STATEMENT

00:30 USD INTEREST RATE DECISION 0.25% 0.25%

01:30 NZD INTEREST RATE DECISION 2.50% 2.50%

01:30 NZD RBNZ RATE STATEMENT

03:15 NZD BUILDING CONSENTS (MOM) -5.0% 11.1%

05:20 JPY RETAIL SALES (YOY) 3.8% 4.0%

05:30 AUD HIA NEW HOME SALES (MOM) 7.5%

07:15 CNY CHINESE HSBC MANUFACTURING PMI 49.6 49.6

13:30 EUR SPANISH GDP (QOQ) 0.3% 0.1%

13:30 CHF KOF LEADING INDICATORS 2.00 1.95

14:25 EUR GERMAN UNEMPLOYMENT CHANGE -5K -15K14:25 EUR GERMAN UNEMPLOYMENT RATE 6.9% 6.9%

19:00 USD GDP (QOQ) 3.2% 4.1%

19:00 USD GDP PRICE INDEX (QOQ) 1.3% 2.0%

19:00 USD INITIAL JOBLESS CLAIMS 330K 326K

19:00 USD REAL CONSUMER SPENDING 2.0%

20:30 USD PENDING HOME SALES (MOM) 0.3% 0.2%

TODAYS ECONOMIC EVENTS


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Daily Commodity Report 30 Jan 2014 by EPIC RESEARCH

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