Daily commodity report_05_feb_2014 by epic research

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Transcript of Daily commodity report_05_feb_2014 by epic research

  • 1. DAILY COMMODITY REPORT 5th FEBRUARY 2014Our Presence Epic Research IndiaToll Free NumberMintara Road, Tarneit, Victoria. Post Code 30291-800-200-9454Phone.: +61 422 063855411 Milinda Manor (Suites 409- 417)HNI & NRI Sales Contact AustraliaAll queries should be directed to2 RNT Marg. Opp Cental Mall Indore (M.P.)Info@epicresearch.coHotline: +91 731 664 2300 Alternate: +91 731 664 2320 Or give us a missed call at 026 5309 0639 YOUR MINTVISORYHNI & NRI Sales Contact USA 2117 Arbor Vista Dr. Charlotte (NC) Cell: +1 704 249 2315Call us at +91-731-6642300

2. DAILY MARKET WRAPUP 5th FEBRUARY 2014 COMMODITYCONTRACTOPEN PRICEHIGHLOWCLOSE PRICE%CHANGEOI (in lots)GOLD05 APR 201428980.0029000.0028606.0028632.00-0.619631SILVER05 MAR 201443717.0043913.0043405.0043858.00-0.4413015CRUDE19 FEB 20146075.006114.006048.006083.00-0.1210328NATURAL GAS25 FEB 2014312.20330.70312.20310.705.8317938COPPER28 FEB 2014443.35444.85441.05443.65-0.4613414NICKEL28 FEB 2014870.30877.50861.70870.80-0.525158LEAD28 FEB 2014130.85132.70130.00130.650.002870ZINC28 FEB 2014122.50123.50121.90122.85-0.492151ALUMINIUM28 FEB 2014104.05104.95103.50103.900.245014LME WAREHOUSE STOCKS (04-FEB- 2014) METALALUMINIUM-7750COPPER-600LEAD-500NICKEL-126ZINC YOUR MINTVISORYTONNES IN STORAGE-4675 Call us at +91-731-6642300 3. INTERNATIONAL MARKETS 5th FEBRUARY 2014PRECIOUS AND INDUSTRY METALS COMMODITYUNITSPRICECHANGE% CHANGECONTRACTCOMEX GOLDUSD/T OZ.1,254.60+3.40+0.27%APR 14GOLD SPOTUSD/T OZ.1,254.96+0.31+0.02%N/ACOMEX SILVERUSD/T OZ.19.56+0.13+0.68%MAR 14COMEX COPPERUSD/LB.320.35+1.15+0.36%MAR 14PLATINUM SPOTUSD/T OZ.1,376.13+1.75+0.13%N/AENERGY COMMODITY FUTURES COMMODITYUNITSPRICECHANGE% CHANGECONTRACTCRUDE OIL (WTI)USD/BBL.97.56+0.37+0.38%MAR 14CRUDE OIL (BRENT)USD/BBL.105.86+0.08+0.08%MAR 14RBOB GASOLINEUSD/GAL.260.89+0.58+0.22%MAR 14NYMEX NATURAL GASUSD/MMBTU5.27-0.10-1.90%MAR 14NYMEX HEATING OILUSD/GAL.299.22+0.93+0.31%MAR 14YOUR MINTVISORYCall us at +91-731-6642300 4. INTRADAY SUPPORT AND RESISTANCE 5th FEBRUARY 2014COMMODITYEXPIRYSUP.3SUP.2SUP.1PIVOTRES.1ALUMINIUM28-FEB100.80102.30103.10104.60105.40COPPER28-FEB439.10440.95442.30444.15445.50CRUDEOIL19-FEB59516004604460976137GOLD5-APR2833028482287502890229170LEAD28-FEB127.60129.05129.85131.30132.10NATURALGAS25-FEB288.53293.57302.13307.17315.73NICKEL28-FEB842.7855.1863.0875.4883.3SILVER5-MAR4191942423431414364544363ZINC28-FEB121.05121.75122.30123.00123.55YOUR MINTVISORYCall us at +91-731-6642300 5. MOST ACTIVE CONTRACTS 5th FEBRUARY 2014SymbolExpiry DateLTPValue (In Lacs)Volume (In Lots)NATURAL GAS25-02-2014328.803,45,14,793.601,04,972SILVERMICRO28-02-201443687.003,26,12,34,550.0074,650CRUDE OIL19-02-20146076.0028,11,97,280.0046,280SILVER M28-02-201443691.001,68,03,55,860.0038,460LEADMINI28-02-2014130.7028,78,667.5022,025SILVER05-03-201443666.0090,86,02,128.0020,808COPPER28-02-2014441.6088,20,960.0019,975COPPERMINI28-02-2014441.6567,02,480.4015,176NICKEL28-02-2014866.301,31,16,648.3015,141NICKELMINI28-02-2014866.001,26,27,146.0014,581YOUR MINTVISORYCall us at +91-731-6642300 6. TODAY,S COMMODITY NEWS 5th FEBRUARY 2014COMMODITY HEADLINES Government cuts import tariff value of gold & silverGold import likely below 500 tonnes in FY14: GJFZinc down 0.16% on global cues, subdued demandNickel remains weak on sluggish demandCopper falls by 0.1% on global cuesChana up 1% on good demandCoriander gains 1.13% on spot demandPotato gains marginally on spot demandOil prices down in Asia on weak Chinese dataOil prices mixed after Fed taper decisionKerala will procure rubber to stabilise prices: CMYOUR MINTVISORYCall us at +91-731-6642300 7. COMMODITY BUZZ AND ECONOMIC EVENTS 5th FEBRUARY 2014SPECIAL NEWS For the second session in a row. MCX Gold contract showed correction and vulnerability near Rs 29050 per 10 grams. Prices of benchmark Gold for April settlement closed at Rs 28632 per 10 grams, down 1.35% on 4 February 2014. Cautious trades are recommended in Gold and Silver contracts due to increased volatility in the last two days. Local speculators are probably channelizing the trades, as International markets showed limited moves on Tuesday. Gold should hold onto Rs 28454 per 10 grams levels.MCX Crude Oil looks in a consolidation mode, and technically looked to form cup with handle formation before 31 January 2014. This is a bullish pattern and marks the period of consolidation. The consolidation period is followed by the breakout. However, after testing a high of Rs 6199 per barrel on 31 January 2014, prices have seen a decline. This was a failure of the pattern to get conformed. Therefore a selling pressure can very much continue in the prices of Crude Oil with supports emerging at Rs 5950 per barrel.YOUR MINTVISORYCOMMODITY BUZZ The purchasing managers' index (PMI) for China's nonmanufacturing sector slipped for a third straight month in January due to slowdown in the real estate sector, as per the latest data. The index dropped to 53.4 percent in January, the lowest since February 2012, from 54.6 percent in December, according to official data release. A PMI reading above 50 percent indicates expansion, while a reading below 50 percent reflects contraction. The decline in PMI for Non manufacturing has come at a time when China has faced a cut in the manufacturing PMI numbers, a week beforeUK purchasing managers' index, a measure of the country's construction sector performance, rose to 64.6 in January from 62.1 in December. Construction sector activity expanded at the fastest pace in nearly six-and-a-half years in January, a survey by Markit Economics and the Chartered Institute of Purchasing and Supply (CIPS) revealed Tuesday. The January reading was the highest since August 2007. The index has now posted above the boom-or-bust threshold of 50 for nine successive months.Call us at +91-731-6642300 8. EPIC RESEARCH ANALYST SPEAKS 5th FEBRUARY 2014SILVERSILVER MCX Short term trend is down, Immediate support @ 43500 Immediate Resistance @ 44250SILVER MCX Closed @ 43858. Yesterday Intraday Range of SILVER MCX was 508. Open Interest, Volumes were 21080 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 43950YOUR MINTVISORYCall us at +91-731-6642300 9. EPIC RESEARCH ANALYST SPEAKS 5th FEBRUARY 2014GOLDGOLD MCX Short term trend is down, Immediate support @ 28600Immediate Resistance @ 29000 GOLD MCX Closed @ 28632 . Yesterday Intraday Range of GOLD MCX was 389 Open Interest. Volumes were 13535 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 43950YOUR MINTVISORYCall us at +91-731-6642300 10. EPIC RESEARCH ANALYST SPEAKS 5th FEBRUARY 2014CASTORSEEDRESISTANCE 14144.7RESISTANCE 24184.3PIVOT4072.7SUPPORT 14040.3SUPPORT 24000.7Castorseed Feb. looking sideways to bearish in daily chart. Momentum indicators also support bearishness, recommending sell on high. In Intraday basis immediate support @ 4030 & immediate resistance @ 4135. BUY CASTORSEED FEB ABOVE 4135 TGTS 4165,4215 SL 4085 SELL CASTORSEED FEB BELOW 4030 TGTS 4000,3950 SL 4080YOUR MINTVISORYCall us at +91-731-6642300 11. EPIC RESEARCH ANALYST SPEAKS 5th FEBRUARY 2014DHANIYARESISTANCE 18950.3RESISTANCE 29018.7PIVOT8860..3SUPPORT 18792.7SUPPORT 28702.7Daily chart of Dhaniya shows bullishness and it will continue its rally from nearest support level to upper side. Fundamentally also Dhaniya is in bullish trend. Recommending buy on dips, momentum indicator RSI is below mid range. But All over Dhaniya is in bullish trend. Immediate support @ 8000 and immediate resistance @ 8085. BUY DHANIYA FEB ABOVE 8085 TGTS 8115,8165 SL 8035 SELL DHANIYA FEB BELOW 8000 TGTS 7970,7920 SL 8050YOUR MINTVISORYCall us at +91-731-6642300 12. TODAYS ECONOMIC EVENTS 5th FEBRUARY 2014TIMECOUNTRYEVENTACTUAL FORECAST PREVIOUSWEDNESDAY, FEBRUARY 5 03:15NZDEMPLOYMENT CHANGE (QOQ)0.6%1.2%03:15NZDUNEMPLOYMENT RATE6.0%6.2%13:43EURSPANISH SERVICES PMI54.854.214:13EURITALIAN SERVICES PMI48.647.914:18EURFRENCH SERVICES PMI48.648.614:23EURGERMAN SERVICES PMI53.653.614:28EURSERVICES PMI51.951.914:58GBPSERVICES PMI59.058.815:30EURRETAIL SALES (MOM)-0.5%1.4%15:30EURRETAIL SALES (YOY)1.5%1.6%18:45USDADP NONFARM EMPLOYMENT CHANGE180K238K19:00CADBUILDING PERMITS (MOM)2.0%-6.7%20:30USDISM NON-MANUFACTURING EMPLOYMENT20:30USDISM NON-MANUFACTURING PMIYOUR MINTVISORY55.8 53.753.0 Call us at +91-731-6642300 13. DISCLAIMER 5th 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 responsibility (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 estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. I