Daily commodity report_04_feb_2014 by epic research
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Transcript of Daily commodity report_04_feb_2014 by epic research
YOUR MINTVISORY Call us at +91-731-6642300
4rd FEBRUARY 2014
DAILY COMMODITY REPORT
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4rd FEBRUARY 2014
COMMODITY CONTRACT OPEN PRICE HIGH LOW CLOSE PRICE %CHANGE OI (in lots)
GOLD 05 FEB 2014 29500.00 29885.00 29399.00 29485.00 0.80 15518
SILVER 05 MAR 2014 43250.00 44150.00 42928.00 43220.00 1.05 12662
CRUDE 19 FEB 2014 6151.00 6151.00 6058.00 6156.00 -0.68 10740
NATURAL GAS 25 FEB 2014 302.80 311.20 298.60 320.30 -3.43 15006
COPPER 28 FEB 2014 444.40 446.00 442.80 447.05 -0.82 11910
NICKEL 28 FEB 2014 876.20 887.90 867.60 866.80 0.54 4986
LEAD 28 FEB 2014 132.75 132.75 130.65 132.70 -1.43 3221
ZINC 28 FEB 2014 123.50 123.70 122.45 124.25 -1.17 2211
ALUMINIUM 28 FEB 2014 105.80 106.10 103.95 107.10 -2.94 4746
DAILY MARKET WRAPUP
METAL TONNES IN STORAGE
ALUMINIUM -7600
COPPER -650
LEAD -50
NICKEL -540
ZINC -4350
LME WAREHOUSE STOCKS (31 JAN- 2014)
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4rd FEBRUARY 2014
COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT
CRUDE OIL (WTI) USD/BBL. 96.58 +0.15 +0.16% MAR 14
CRUDE OIL (BRENT) USD/BBL. 105.99 -0.05 -0.05% MAR 14
RBOB GASOLINE USD/GAL. 260.99 -2.15 -0.82% MAR 14
NYMEX NATURAL GAS USD/MMBTU 5.05 +0.10 +1.94% MAR 14
NYMEX HEATING OIL USD/GAL. 300.46 +0.75 +0.25% MAR 14
COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT
COMEX GOLD USD/T OZ. 1,256.20 -3.70 -0.29% APR 14
GOLD SPOT USD/T OZ. 1,256.56 -1.09 -0.09% N/A
COMEX SILVER USD/T OZ. 19.33 -0.08 -0.41% MAR 14
COMEX COPPER USD/LB. 318.15 -0.20 -0.06% MAR 14
PLATINUM SPOT USD/T OZ. 1,381.63 -0.87 -0.06% N/A
INTERNATIONAL MARKETS
ENERGY COMMODITY FUTURES
PRECIOUS AND INDUSTRY METALS
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4rd FEBRUARY 2014
COMMODITY EXPIRY SUP.3 SUP.2 SUP.1 PIVOT RES.1
ALUMINIUM 28-FEB 100.80 102.30 103.10 104.60 105.40
COPPER 28-FEB 439.10 440.95 442.30 444.15 445.50
CRUDEOIL 19-FEB 5951 6004 6044 6097 6137
GOLD 5-FEB 29048 29224 29534 29710 30020
LEAD 28-FEB 127.60 129.05 129.85 131.30 132.10
NATURALGAS 25-FEB 288.53 293.57 302.13 307.17 315.73
NICKEL 28-FEB 842.7 855.1 863.0 875.4 883.3
SILVER 5-MAR 41919 42423 43141 43645 44363
ZINC 28-FEB 121.05 121.75 122.30 123.00 123.55
INTRADAY SUPPORT AND RESISTANCE
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4rd FEBRUARY 2014
MOST ACTIVE CONTRACTS
Symbol Expiry Date LTP Value (In Lacs) Volume (In Lots)
SILVERMICRO 28-02-2014 43710.00 3,97,17,96,570.00 90,867
NATURAL GAS 25-02-2014 309.30 2,68,23,114.60 86,722
CRUDE OIL 19-02-2014 6114.00 41,33,73,654.00 67,611
SILVER M 28-02-2014 43715.00 2,03,64,63,275.00 46,585
SILVER 05-03-2014 43675.00 1,05,35,28,350.00 24,122
COPPER 28-02-2014 443.40 76,18,498.80 17,182
LEADMINI 28-02-2014 130.85 17,65,166.50 13,490
COPPERMINI 28-02-2014 443.30 56,44,982.20 12,734
NICKEL 28-02-2014 871.50 1,08,34,488.00 12,432
NICKELMINI 28-02-2014 871.10 1,03,44,312.50 11,875
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4rd FEBRUARY 2014
TODAY,S COMMODITY NEWS
COMMODITY HEADLINES
Gold import likely below 500 tonnes in FY14: GJF
Hedging by gold miners at decade low in Sept quarter
Gold falls 1% as Fed taper weighs, China demand fades
Zinc down by 0.6% on subdued demand
Coffee exports up 38% in Jan on strong global prices
Chana down 0.70% on increased supply, weak demand
Oil prices mixed after Fed taper decision
Oil prices down in Asian trade
Oil rebounds in Asia on bargain hunting
Commexes seek reforms: Urge series of steps on govt, FMC
Mentha oil down 0.7% on sluggish demand
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4rd FEBRUARY 2014
SPECIAL NEWS
Gold held on to sharp overnight gains on Tuesday
as Asian equities slumped and investors worried
over U.S. economic growth after disappointing
manufacturing data. Asian shares tumbled with
Nikkei falling 3 per cent, after Wall Street suffered
its worst drop since June and as markets continued
to fret over an emerging market rout. Equities
have come under pressure this year due to slowing
growth in China and capital outflows from emerg-
ing nations where the US Federal Reserve's stimu-
lus tapering is taking a toll. Gold is gaining as it is
often seen as an alternative investment to stocks
and other risky assets
Bullion snapped five weeks of advances last week,
falling 2 per cent, but posted a 3.2 per cent gain in
January for the first monthly increase in five, ow-
ing to weakness in global equities gripped by con-
cerns over emerging economies US gold futures for
February delivery rose 1.8 per cent to $1,262.20 an
ounce.
COMMODITY BUZZ
The Indian Government Monday cut the import tariff
value on gold and silver to $404 per ten grams and
$635 per kg, respectively, taking into account the
volatility in the global prices. Import tariff value is
the base price at which customs duty is determined to
prevent under-invoicing. The tariff value is revised on
a fortnightly basis after analysing the global price
trend. The notification in this regard has been issued
by the Central Board of Excise and Customs ( CBEC),
U.S. manufacturing activity registered modest growth
in the month of January, the Institute for Supply
Management showed on Monday. The ISM said its
purchasing managers index fell to 51.3 in January
from a revised 56.5 in December. A reading above 50
indicates continued growth in the manufacturing sec-
tor. With the much steeper than expected decrease,
the purchasing managers index fell to its lowest level
since hitting 50.0 in May of 2013,
COMMODITY BUZZ AND ECONOMIC EVENTS
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4rd FEBRUARY 2014
EPIC RESEARCH– ANALYST SPEAKS
SILVER
SILVER MCX Short term trend is UP, Immediate support @ 43550 Immediate Resistance @ 44250 SILVER MCX Closed @
43858 . Yesterday Intraday Range of SILVER MCX was 1222. Open Interest was UP 12092, Volumes were 25648 lots. For
today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements.
BUY SILVER ABOVE 43950 TGTS 44150/44450 SL 43550
SELL SILVER BELOW 43550 TGTS 43350/43050 SL 43950
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4rd FEBRUARY 2014
EPIC RESEARCH– ANALYST SPEAKS
GOLD
GOLD MCX Short term trend is UP, Immediate support @ 28850Immediate Resistance @ 29050 GOLD MCX Closed
@ 29017 . Yesterday Intraday Range of GOLD MCX was 420 Open Interest was UP 9641 Volumes were 12613 lots.
For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements.
BUY GOLD(APR) ABOVE 29050 TGTS 29130/29230 SL 28940
SELL GOLD(APR) BELOW 28850 TGTS 28770/28670 SL 28960
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4rd FEBRUARY 2014
EPIC RESEARCH– ANALYST SPEAKS
CASTORSEED
Castorseed Feb. looking sideways to bearish in daily chart. Momentum indicators also support bearishness, recom-
mending sell on high. In Intraday basis immediate support @ 4040 &immediate resistance @ 4120.
BUY CASTORSEED FEB ABOVE 4120 TGTS 4150,4200 SL 4070
SELL CASTORSEED FEB BELOW 4040 TGTS 4010,3960 SL 4090
RESISTANCE 1 4173.7
RESISTANCE 2 4217.3
PIVOT 4143.7
SUPPORT 1 4099.0
SUPPORT 2 4069.0
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4rd FEBRUARY 2014
EPIC RESEARCH– ANALYST SPEAKS
DHANIYA
From last 3 days profit booking was continue from upper side today, now expecting rally will continue in up upside.
Fundamentally also Dhaniya is in bullish trend. Recommending buy on dips, momentum indicator RSI and MACD
signs bull. Immediate support @ 8015 and immediate resistance @ 8150.
BUY DHANIYA FEB ABOVE 8150 TGTS 8180,8230 SL 8100
SELL DHANIYA FEB BELOW 8015 TGTS 8085,8035 SL 8065
RESISTANCE 1 8950.3
RESISTANCE 2 9018.7
PIVOT 8860..3
SUPPORT 1 8792.7
SUPPORT 2 8702.7
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4rd FEBRUARY 2014
TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS
TUESDAY, FEBRUARY 4
TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS
04:30 KRW SOUTH KOREAN CPI (YOY) 1.1% 1.1% 1.1%
09:00 AUD INTEREST RATE DECISION 2.50% 2.50% 2.50%
09:00 AUD RBA RATE STATEMENT
13:30 EUR SPANISH UNEMPLOYMENT CHANGE -21.0K -107.6K
15:00 GBP CONSTRUCTION PMI 61.5 62.1
19:30 USD TREASURY SECRETARY LEW SPEAKS
20:30 USD FACTORY ORDERS (MOM) -1.7% 1.8%
TODAY’S ECONOMIC EVENTS
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4rd FEBRUARY 2014
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