Daily commodity report_07_feb_2014 by epic research

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Transcript of Daily commodity report_07_feb_2014 by epic research

  • 1. DAILY COMMODITY REPORT 7th 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 7th FEBRUARY 2014 COMMODITYCONTRACTOPEN PRICEHIGHLOWCLOSE PRICE%CHANGEOI (in lots)GOLD05 APR 201428680.0028940.0028627.0028632.000.109914SILVER05 MAR 201444505.0045020.0044280.0043557.002.1011078CRUDE19 FEB 20146094.006182.006091.006075.000.6910246NATURAL GAS25 FEB 2014322.20337.40311.60333.60-6.0313258COPPER28 FEB 2014442.65446.90442.06441.160.8710984NICKEL28 FEB 2014866.80877.10863.00864.400.665729LEAD28 FEB 2014130.85131.80130.35130.700.733301ZINC28 FEB 2014123.26125.00123.00122.462.042635ALUMINIUM28 FEB 2014104.85105.60104.46104.051.014377LME WAREHOUSE STOCKS (06-FEB- 2014) METALALUMINIUM-8000COPPER-1975NICKEL282LEAD-500ZINC YOUR MINTVISORYTONNES IN STORAGE-5450 Call us at +91-731-6642300 3. INTERNATIONAL MARKETS 7th FEBRUARY 2014PRECIOUS AND INDUSTRY METALS COMMODITYUNITSPRICECHANGE% CHANGECONTRACTCOMEX GOLDUSD/T OZ.1,258.20+1.00+0.08%APR 14GOLD SPOTUSD/T OZ.1,258.41+0.21+0.02%N/ACOMEX SILVERUSD/T OZ.19.87-0.06-0.32%MAR 14COMEX COPPERUSD/LB.324.00+1.10+0.34%MAR 14PLATINUM SPOTUSD/T OZ.1,378.63+2.88+0.17%N/AENERGY COMMODITY FUTURES COMMODITYUNITSPRICECHANGE% CHANGECONTRACTCRUDE OIL (WTI)USD/BBL.97.82-0.02-0.02%MAR 14CRUDE OIL (BRENT)USD/BBL.107.42+0.23+0.21%MAR 14RBOB GASOLINEUSD/GAL.269.14+5.01+1.90%MAR 14NYMEX NATURAL GASUSD/MMBTU4.99+0.06+1.28%MAR 14NYMEX HEATING OILUSD/GAL.300.66+0.98+0.33%MAR 14YOUR MINTVISORYCall us at +91-731-6642300 4. INTRADAY SUPPORT AND RESISTANCE 7th FEBRUARY 2014COMMODITYEXPIRYSUP.3SUP.2SUP.1PIVOTRES.1ALUMINIUM28-FEB103.65104.40104.95105.70106.25COPPER28-FEB438.77440.08442.52443.83446.27CRUDEOIL19-FEB60196056610561426191GOLD5-APR2842828571288262896929224LEAD28-FEB129.60130.20131.20131.80132.80NATURALGAS25-FEB298.43311.47335.43348.47372.43NICKEL28-FEB854.1859.3868.1873.3882.1SILVER5-MAR4301143702444624515345913ZINC28-FEB121.98122.67123.28123.97124.58YOUR MINTVISORYCall us at +91-731-6642300 5. MOST ACTIVE CONTRACTS 7th FEBRUARY 2014SymbolExpiry DateLTPValue (In Lacs)Volume (In Lots)NATURAL GAS25-02-2014313.504,94,64,030.001,57,780SILVERMICRO28-02-201444490.005,15,89,71,420.001,15,958SILVER M28-02-201444496.002,51,33,56,560.0056,485CRUDE OIL19-02-20146117.0033,31,86,873.0054,469SILVER05-03-201444471.001,11,89,79,302.0025,162COPPER28-02-2014445.001,03,87,635.0023,343LEADMINI28-02-2014131.6524,42,370.8018,552NICKEL28-02-2014870.101,59,69,815.4018,354COPPERMINI28-02-2014445.1080,35,835.4018,054GOLD M05-03-201429250.0051,82,80,750.0017,719YOUR MINTVISORYCall us at +91-731-6642300 6. TODAY,S COMMODITY NEWS 7th FEBRUARY 2014COMMODITY HEADLINES Gold up 0.3% on global cuesSilver up 0.9% on higher global cuesImport duty on gold, medical equipments and set up boxes may come down in interim budgetNickel up 0.4% on global cues, spot demandCopper up 0.3% as demand picks up, global cuesCrude oil up 0.6% on overseas cuesWorld food prices drop to 19-month lowPotato up 2% as demand picks up, tight supplyRefined soya up 0.7% on strong demandCrude oil down 0.18% on mixed Asian cuesOil prices down in Asia on weak Chinese dataNatural stone exports set to drop 15% in FY14Mentha oil up 0.2% on good demand, tight supplyApparel sector lags in winter-wear exportsMCX Crude Breaks Above Rs 6100 On Good BuyingYOUR MINTVISORYCall us at +91-731-6642300 7. COMMODITY BUZZ AND ECONOMIC EVENTS 7th FEBRUARY 2014SPECIAL NEWS Global food prices decreased for the first time in three months in January, reflecting lower prices of cereals, sugars, oils and meat, a report published by the Food and Agricultural Organization (FAO) reveled Thursday. The FAO food price index, which measures changes in prices of internationally traded food commodities, decreased 1.3 percent month-on-month in January. Sugar price dropped 5.6 percent during the month, and costs of vegetable oils fell 3.8 percent. Cereal prices were down by 1.6 percent than in December. Meat prices also declined modestly during the month. Offsetting these declines partially, diary prices advanced 1.3 percent. The Bank of England's monetary policy committee today voted to maintain bank rate at 0.5% and also decided to maintain the stock of purchased assets financed by the issuance of central bank reserves at 375 billion.YOUR MINTVISORYCOMMODITY BUZZ MCX Crude oil futures edged up amid a supportive global scenario and topped highs above Rs 6100 per barrel. Global crude oil prices extended their recent recovery and witnessed good buying today. The WTI Crude oil futures are trading at $98.15, up 77 cents per barrel on the day. MCX Crude oil futures are trading at Rs 6129, up Rs 36 per barrel on the day or 0.59% with 10% increase in the open interest.European stocks have started on a positive note yesterday and the positive momentum is likely to support gold prices. The US dollar also gave up some of its recent gains and supported the gold prices. it will trim monthly bond buying by $10 billion after deciding in December to reduce purchases by the same amount as the economy improved. The Deutsche Bundesbank reported today that German factory orders increased 6% annually in December, lower than the 7.2% increase reported in November. On a monthly basis, factory orders fell 0.5% in December.Call us at +91-731-6642300 8. EPIC RESEARCH ANALYST SPEAKS 7th FEBRUARY 2014SILVERSILVER MCX Short term trend is UP, Immediate support @ 44950 Immediate Resistance @ 45250 SILVER MCX Closed @ 43557.00 . Yesterday Intraday Range of SILVER MCX was 740. Volumes were 25230 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY SILVER ABOVE 44700 TGTS 44900/45200 SL 44300 SELL SILVER BELOW 44300 TGTS 44100/43800 SL 44700YOUR MINTVISORYCall us at +91-731-6642300 9. EPIC RESEARCH ANALYST SPEAKS 7th FEBRUARY 2014GOLDGOLD MCX Short term trend is UP, Immediate support @ 28600 Immediate Resistance @ 29000 GOLD MCX Closed @ 28632 . Yesterday Intraday Range of GOLD MCX was 313 Volumes were 15280 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements.BUY GOLD(APR) ABOVE 28900 TGTS 28980/29080 SL 28780 SELL GOLD(APR) BELOW 28600 TGTS 28520/28420 SL 28720YOUR MINTVISORYCall us at +91-731-6642300 10. EPIC RESEARCH ANALYST SPEAKS 7th FEBRUARY 2014CASTORSEEDRESISTANCE 14167.7RESISTANCE 24227.3PIVOT4114.3SUPPORT 14054.7SUPPORT 24001.3Castorseed Feb. is looking sideways to bearish in daily chart. Momentum indicators also support bearishness, recommending sell on high. In Intraday basis nearest support @ 3975 & nearest resistance @ 4050.BUY CASTORSEED FEB ABOVE 4050 TGTS 4080,4130 SL 4000 SELL CASTORSEED FEB BELOW 3975 TGTS 3945,3895 SL 4025YOUR MINTVISORYCall us at +91-731-6642300 11. EPIC RESEARCH ANALYST SPEAKS 7th FEBRUARY 2014DHANIYARESISTANCE 18984.7RESISTANCE 29066.3PIVOT8928.3SUPPORT 18846.7SUPPORT 28790.3Daily chart of Dhaniya shows bullishness and it will continue its rally from nearest support level toupper side. Fundamentally also Dhaniya is in bullish trend. Recommending buy on dips, momentum indicator RSI taking support of mid range, Again signs bullishness. Immediate support @ 8095 and immediate resistance @ 8235. BUY DHANIYA FEB ABOVE 8235 TGTS 8265,8315 SL 8185 SELL DHANIYA FEB ABOVE 8095 TGTS 8065,8015 SL 8145YOUR MINTVISORYCall us at +91-731-6642300 12. TODAYS ECONOMIC EVENTS 7th FEBRUARY 2014TIMECOUNTRYEVENTACTUALFORECASTPREVIOUSFRIDAY, FEBRUARY 7 00:00JPYLEADING INDEX02:00EURGERMAN TRADE BALANCE17.3B17.8B02:45EURFRENCH GOVERNMENT BUDGET BALANCE-80.0B-87.0B02:45EURFRENCH TRADE BALANCE-5.0B-5.7B03:00EURSPANISH INDUSTRIAL PRODUCTION (YOY)0.5%2.6%03:15CHFRETAIL SALES (YOY)3.9%4.2%04:30GBPINDUSTRIAL PRODUCTION (YOY)2.3%2.5%04:30GBPINDUSTRIAL PRODUCTION (MOM)0.6%0.0%04:30GBPMANUFACTURING PRODUCTION (YOY)2.3%2.8%04:30GBPMANUFACTURING PRODUCTION (MOM)0.6%0.0%04:30GBPTRADE BALANCE-9.30B-9.44B06:00BRLBRAZILIAN CPI (YOY)5.67%5.91%06:00EURGERMAN INDUSTRIAL PRODUCTION (MOM)0.5%1.9%06:30INRINDIAN BANK LOAN GROWTH14.80%06:30INRINDIAN FX RESERVES, USD292.24BYOUR MINTVISORY110.8Call us at +91-731-6642300 13. TODAYS ECONOMIC EVENTS 7th FEBRUARY 2014TIMECOUNTRYEVENTACTUALFORECASTPREVIOUS20.0K-45.9KFRIDAY, FEBRUARY 7 08:30CADEMPLOYMENT CHANGE08:30CADFULL EMPLOYMENT CHANGE-60.0K08:30CADPART TIME EMPLOYMENT CHANGE14.2K08:30CADPARTICIPATION RATE66.00%66.40%08:30CADUNEMPLOYMENT RATE7.0%7.2%08:30USDAVERAGE HOURLY EARNINGS (MOM)0.2%0.1%08:30USDAVERAGE WEEKLY HOURS34.434.408:30USDNONFARM PAYROLLS185K74K08:30USDPRIVATE NONFARM PAYROLLS185K87K08:30USDUNEMPLOYMENT RATE6.7%6.7%09:00MXNMEXICAN CPI (YOY)4.56%3.97%10:00GBPNIESR GDP ESTIMATE0.7%10:30USDECRI WEEKLY ANNUALIZED (WOW)4.3%15:00USDCONSUMER CREDITYOUR MINTVISORY12.00B12.32B Call us at +91-731-6642300 14. DISCLAIMER 7th 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