Daily commodity report_03_feb_2014 by epic research

YOUR MINTVISORY Call us at +91-731-6642300

3rd FEBRUARY 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

Alternate: +91 731 664 2320

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]


3rd FEBRUARY 2014

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

GOLD 05 FEB 2014 29363.00 29584.00 29255.00 29378.00 0.29 1165

SILVER 05 MAR 2014 43269.00 44033.00 43185.00 43220.00 0.45 14131

CRUDE 19 FEB 2014 6141.00 6187.00 6106.00 6156.00 0.16 12286

NATURAL GAS 25 FEB 2014 316.10 316.10 294.40 320.30 -5.37 12250

COPPER 28 FEB 2014 446.15 448.50 445.15 447.05 -0.26 10886

NICKEL 31 JAN 2014 867.40 882.80 862.00 866.80 1.47 4293

LEAD 28– FEB 2014 132.65 134.35 132.20 132.70 0.26 2976

ZINC 28– FEB 2014 123.95 124.75 123.10 124.25 -0.44 2084

ALUMINIUM 31 JAN 2014 106.75 106.95 105.60 107.10 -1.12 3504

DAILY MARKET WRAPUP

METAL TONNES IN STORAGE

ALUMINIUM -8575

COPPER -1675

LEAD -500

NICKEL -180

ZINC -2000

LME WAREHOUSE STOCKS (31 JAN- 2014)


3rd FEBRUARY 2014

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL (WTI) USD/BBL. 97.15 -0.34 -0.35% MAR 14

CRUDE OIL (BRENT) USD/BBL. 106.30 -0.10 -0.09% MAR 14

RBOB GASOLINE USD/GAL. 263.28 +0.14 +0.05% MAR 14

NYMEX NATURAL GAS USD/MMBTU 4.84 -0.10 -2.04% MAR 14

NYMEX HEATING OIL USD/GAL. 299.75 +0.04 +0.01% MAR 14

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1,244.70 +4.90 +0.40% APR 14

GOLD SPOT USD/T OZ. 1,245.06 +0.51 +0.04% N/A

COMEX SILVER USD/T OZ. 19.12 -0.01 -0.03% MAR 14

COMEX COPPER USD/LB. 319.50 -0.20 -0.06% MAR 14

PLATINUM SPOT USD/T OZ. 1,381.81 +4.50 +0.33% N/A

INTERNATIONAL MARKETS

ENERGY COMMODITY FUTURES

PRECIOUS AND INDUSTRY METALS


3rd FEBRUARY 2014

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

ALUMINIUM 28-Feb 104.00 104.80 105.35 106.15 106.70

COPPER 28-Feb 438.97 441.58 443.27 445.88 447.57

CRUDEOIL 19-Feb 6040 6073 6121 6154 6202

GOLD 5-Apr 28125 28322 28482 28679 28839

LEAD 28-Feb 129.90 131.05 132.05 133.20 134.20

NATURALGAS 25-Feb 270.93 282.67 292.63 304.37 314.33

NICKEL 28-Feb 846.6 854.3 868.3 876.0 890.0

SILVER 5-Mar 42137 42661 42985 43509 43833

ZINC 28-Feb 121.37 122.23 123.02 123.88 124.67

INTRADAY SUPPORT AND RESISTANCE


3rd FEBRUARY 2014

MOST ACTIVE CONTRACTS

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

NATURAL GAS 25-02-2014 303.10 3,66,58,126.40 1,20,944

SILVERMICRO 28-02-2014 43470.00 4,37,56,90,200.00 1,00,660

CRUDE OIL 19-02-2014 6166.00 37,78,21,650.00 61,275

SILVER M 28-02-2014 43455.00 2,16,20,16,615.00 49,753

SILVER 05-03-2014 43415.00 1,17,66,33,330.00 27,102

COPPER 28-02-2014 445.90 91,77,513.80 20,582

GOLD PETAL 27-02-2014 2970.00 5,04,24,660.00 16,978

LEADMINI 28-02-2014 133.05 21,64,457.40 16,268

COPPERMINI 28-02-2014 445.95 71,26,726.95 15,981

NICKEL 28-02-2014 879.50 1,22,15,375.50 13,889


3rd FEBRUARY 2014

TODAY,S COMMODITY NEWS

COMMODITY HEADLINES

Hedging by gold miners at decade low in Sept quarter

Gold falls 1% as Fed taper weighs, China demand fades

Gold, silver tumble on stockists' selling

Aluminium down 0.3% on global cues

Lead down 0.1% on global cues, subdued demand

Nickel down 0.1% on overseas trend, subdued demand

Supply-demand gap in pulses may not narrow in coming years

Mpeda to expand farming of new variety Tilapia fish

Potato down 1.3% on weak demand, adequate stocks

Crude oil down 0.3% on weak Asian cues


3rd FEBRUARY 2014

SPECIAL NEWS

The prices of COMEX Gold declined by $ 1240.1

per troy ounce, up 1.84%. The correction in metal

was on account of rise of US Dollar after the news

of Federal stimulus cuts. U.S. Federal Reserve de-

cided to slash its monthly bond-buying program

by a further $10 billion, as widely anticipated by

economists. The euro ended lower against the dol-

lar at $1.348 on Friday. initial jobless claims

climbed to 348000, an increase of 19000 from the

previous week's revised figure of 329000.

The U.S. Commerce Department said gross domes-

tic product increased by 3.2% in the fourth quarter

compared to the 4.1% growth seen in the third

quarter. Manufacturing activity in China con-

tracted in January with a seasonally adjusted score

of 49.5, the latest PMI from HSBC and Markit

Economics revealed Thursday. This is worse than

the flash estimate from earlier this month that in-

dicated a score of 49.6.

COMMODITY BUZZ

China official nonmanufacturing Purchasing Manag-

ers' Index fell to 53.4 in January from 54.6 in Decem-

ber, the China Federation of Logistics and Purchasing

said on Monday. The services subindex declined to

51.5 in January from 52.5 in December and construc-

tion fell to 61.0 from 62.6, New orders for the entire

nonmanufacturing sector dropped to 50.9 from 51.0.

A reading above 50 indicates expansion from the pre-

vious month and below indicates contraction. Non-

manufacturing covers services, including retail, avia-

tion and software as well as real estate and construc-

tion.

The number of Australian home building permits fell

for the third straight month in December, in a sign

the boost to activity from low interest rates may be

losing some steam. Approvals to build or renovate

houses and apartments declined 2.9% from Novem-

ber. In November approvals fell 0.3%

COMMODITY BUZZ AND ECONOMIC EVENTS


3rd FEBRUARY 2014

EPIC RESEARCH– ANALYST SPEAKS

SILVER

After long time silver has broken its strong support of 43550 level, and closed at 43309 on Friday. For the day we expect

price can take support at 42800 level while 43900 will be resistance level. Braking 42800 level with volume can take price to

more downwards at 42500-42450.

BUY SILVER ABOVE 43800 TGTS 44050/44400 SL 43500

SELL SILVER BELOW 43050 TGTS 42800/42500 SL 43400


3rd FEBRUARY 2014


GOLD

Gold fell on Friday, notching its first weekly drop in six due to strong US economic growth, concerns over the US

Federal Reserve's withdrawal of monetary stimulus and a slump in Chinese demand. MCX Gold April contract trad-

ing 800 pts discounted over current contract. For the day price can find support at 28500 level.

BUY GOLD(FEB) ABOVE 29680 TGTS 29750/29850 SL 29570

SELL GOLD(FEB) BELOW 29250 TGTS 29170/29070 SL 29360


3rd FEBRUARY 2014


CASTORSEED

Castorseed Feb. looking sideways to bearish in daily chart. Momentum indicators also support bearishness. Profit

booking is continue in downside, but expecting price will go down. In intraday basis immediate support @ 4080 &

immediate resistance @ 4135.

BUY CASTORSEED FEB ABOVE 4135 TGTS 4165,4215 SL 4085

SELL CASTORSEED FEB BELOW 4080 TGTS 4050,4000 SL 4130

RESISTANCE 1 4144.7

RESISTANCE 2 4184.3

PIVOT 4072.7

SUPPORT 1 4040.3

SUPPORT 2 4000.7


3rd FEBRUARY 2014


DHANIYA

In Dhaniya profit booking will continue in higher levels, expecting rally will continue in up upside. Fundamentally

also Dhaniya is in bullish trend. Recommending buy on dips, momentum indicator RSI and MACD are above from

mid range have plus point of bullishness. Immediate support @ 8010 and immediate resistance @ 8150.

BUY DHANIYA FEB ABOVE 8150 TGTS 8180,8230 SL 8100

SELL DHANIYA FEB BELOW 8010 TGTS 7980,7930 SL 8060

RESISTANCE 1 8215.3

RESISTANCE 2 8372.7

PIVOT 8122.7

SUPPORT 1 7965.3

SUPPORT 2 7872.3


3rd FEBRUARY 2014

TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS

MONDAY FEBRUARY 03

ALL DAY HONG KONG - LUNAR NEW YEAR

ALL DAY CHINA - LUNAR NEW YEAR

ALL DAY SINGAPORE - CHINESE NEW YEAR

03:15 NZD TRADE BALANCE (YOY) -180M -250M

03:15 NZD TRADE BALANCE (MOM) 550M 183M

05:00 JPY HOUSEHOLD SPENDING (YOY) 1.2% 0.2%

05:00 JPY TOKYO CORE CPI (YOY) 0.7% 0.7%

05:00 JPY TOKYO CPI (YOY) 0.9%

05:20 JPY INDUSTRIAL PRODUCTION (MOM) 1.2% -0.1%

06:00 AUD PPI (QOQ) 0.9% 1.3%

06:00 AUD PRIVATE SECTOR CREDIT (MOM) 0.4% 0.3%

12:30 EUR GERMAN RETAIL SALES (MOM) 0.2% 1.5%

13:15 EUR FRENCH CONSUMER SPENDING (MOM) -0.4% 1.4%

15:30 EUR CORE CPI (YOY) 0.8% 0.7%

15:30 EUR CPI (YOY) 0.9% 0.8%

15:30 EUR UNEMPLOYMENT RATE 12.1% 12.1%

19:00 CAD GDP (QOQ) 0.7%

19:00 CAD GDP (MOM) 0.2% 0.3%

19:00 CAD GDP ANNUALIZED (QOQ) 2.7%

19:00 USD CORE PCE PRICE INDEX (MOM) 0.1% 0.1%

19:00 USD EMPLOYMENT COST INDEX (QOQ) 0.4% 0.4%

19:00 USD PERSONAL SPENDING (MOM) 0.2% 0.5%

20:15 USD CHICAGO PMI 59.0 59.1

20:25 USD MICHIGAN CONSUMER SENTIMENT 81.0 80.4

TODAY’S ECONOMIC EVENTS


3rd FEBRUARY 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 re-

sponsibility (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 es-

timates 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 ex-

pressed 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 or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer

to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our

calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then

Serious Legal Actions can be taken.

DISCLAIMER

Daily commodity report_03_feb_2014 by epic research

Business

Transcript of Daily commodity report_03_feb_2014 by epic research