Daily commodity report_11_feb_2014 by epic research
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Transcript of Daily commodity report_11_feb_2014 by epic research
YOUR MINTVISORY Call us at +91-731-6642300
11th FEBRUARY
DAILY COMMODITY REPORT
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11th FEBRUARY
COMMODITY CONTRACT OPEN PRICE HIGH LOW CLOSE PRICE %CHANGE OI (in lots)
GOLD 05 APR 2014 28850.00 29009.00 28825.00 28825.00 1.01 10256
SILVER 05 MAR 2014 44544.00 45018.00 44487.00 44413.00 0.55 12150
CRUDE 19 FEB 2014 6180.00 6272.00 6180.00 6075.00 3.00 14727
NATURAL
GAS 25 FEB 2014 299.80 299.80 285.50 309.00 -7.31 11794
COPPER 28 FEB 2014 445.95 447.85 443.75 444.25 0.06 11427
NICKEL 28 FEB 2014 881.20 894.70 881.20 869.20 1.78 4885
LEAD 28 FEB 2014 131.60 1333.30 130.80 131.65 -0.46 3392
ZINC 28 FEB 2014 126.30 127.25 125.55 124.85 0.76 2699
ALUMINIUM 28 FEB 2014 105.20 105.85 104.20 105.10 -0.62 4766
DAILY MARKET WRAPUP
METAL TONNES IN STORAGE
ALUMINIUM -7950
COPPER -1625
LEAD -500
NICKEL -1002
ZINC -5450
LME WAREHOUSE STOCKS (10-FEB- 2014)
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11th FEBRUARY
COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT
CRUDE OIL (WTI) USD/BBL. 100.03 +0.15 +0.15% MAR 14
CRUDE OIL (BRENT) USD/BBL. 108.53 -0.10 -0.09% MAR 14
RBOB GASOLINE USD/GAL. 272.44 -2.45 -0.89% MAR 14
NYMEX NATURAL GAS USD/MMBTU 4.60 +0.02 +0.52% MAR 14
NYMEX HEATING OIL USD/GAL. 299.41 -5.62 -1.84% MAR 14
COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT
COMEX GOLD USD/T OZ. 1,280.80 +6.10 +0.48% APR 14
GOLD SPOT USD/T OZ. 1,281.00 +6.22 +0.49% N/A
COMEX SILVER USD/T OZ. 20.16 +0.22 +1.12% MAR 14
COMEX COPPER USD/LB. 321.85 -0.60 -0.19% MAR 14
PLATINUM SPOT USD/T OZ. 1,391.13 +4.75 +0.34% N/A
INTERNATIONAL MARKETS
ENERGY COMMODITY FUTURES
PRECIOUS AND INDUSTRY METALS
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11th FEBRUARY
COMMODITY EXPIRY SUP.3 SUP.2 SUP.1 PIVOT RES.1
ALUMINIUM 28-Feb 103.17 103.78 104.82 105.43 106.47
COPPER 28-Feb 441.27 442.88 445.37 446.98 449.47
CRUDEOIL 19-Feb 6141 6195 6233 6287 6325
GOLD 5-Apr 28739 28837 28923 29021 29107
LEAD 28-Feb 129.00 129.90 131.60 132.50 134.20
NATURALGAS 25-Feb 276.40 282.00 290.90 296.50 305.40
NICKEL 28-Feb 873.0 878.3 886.5 891.8 900.0
SILVER 5-Mar 44194 44432 44725 44963 45256
ZINC 28-Feb 124.37 124.98 126.12 126.73 127.87
INTRADAY SUPPORT AND RESISTANCE
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11th FEBRUARY
MOST ACTIVE CONTRACTS
Symbol Expiry Date LTP Value (In Lacs) Volume (In Lots)
NATURAL GAS 25-02-2014 286.40 2,62,13,046.40 91,526
SILVERMICRO 28-02-2014 44693.00 3,29,93,26,646.00 73,822
CRUDE OIL 19-02-2014 6257.00 36,67,79,083.00 58,619
SILVER M 28-02-2014 44684.00 1,59,72,29,580.00 35,745
LEADMINI 28-02-2014 131.05 25,78,932.95 19,679
SILVER 05-03-2014 44659.00 80,30,58,138.00 17,982
NICKELMINI 28-02-2014 883.70 1,50,53,829.50 17,035
NICKEL 28-02-2014 884.00 1,49,23,688.00 16,882
COPPER 28-02-2014 444.50 68,93,750.50 15,509
COPPERMINI 28-02-2014 444.65 58,10,686.20 13,068
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11th FEBRUARY
TODAY,S COMMODITY NEWS
COMMODITY HEADLINES
Gold up 0.5% and Silver up 0.8% on global cues
Gold imports hit a 6-month high in Jan
Reconsider export duty on iron ore pellets: Commerce ministry to FinMin
Are iron-ore miners more sinned against than sinning?
Nickel up 0.3% on spot demand
Farmers to dump onions if prices fall further
Shrimp exports rise 90% to Rs 14,364 cr
Indian coffee prices trade higher at auction
Oil prices mixed ahead of US jobs release
Oil prices rise in Asian trade
Oil prices extend gains in Asian trade
Mentha oil up 0.39% on pick-up in demand
Commodity futures regulator to allow trading by bourse shareholders
Natural stone exports set to drop 15% in FY14
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11th FEBRUARY
SPECIAL NEWS
German manufacturing turnover fell a seasonally-and-
working-day adjusted 1.5 percent from November, when
it grew 2.4 percent. In October, turnover fell 0.2 percent.
Turnover in Germany's manufacturing sector shrunk in
December, after robust growth in the previous month,
data released by the Federal Statistical Office showed on
Monday Domestic turnover decreased 1.4 percent, com-
pletely erasing the similar size gain in November. Turn-
over in the business with foreign customers also fell 1.4
percent, after a 3.3 percent gain in the previous month.
As per the latest release from the Switzerland State Secre-
tariat for Economic Affairs, Switzerland jobless rate
stayed pat at 3.2% during the month of January, broadly
in line with market expectations. the data released by the
Sentix GmbH, A little surprisingly, the sentix economic
index (composite index) for the euro area continues its
upward trend in February, rising by 1.4 to 13.3 points.
COMMODITY BUZZ
Gold futures traded broadly higher in the Asia elec-
tronic trades yesterday propelled by the weak nonfarm
payrolls data released last week, which created a per-
ception that the Federal Reserve may not rush to taper
stimulus program. Meanwhile, hefty surge in the China
gold consumption is also boosting the yellow metal.
China's gold consumption jumped 41% in 2013 to ex-
ceed 1,000 tonnes for the first time, an industry body
said on Monday. Gold consumption in China grew to
1,176.40 tonnes last year, with jewellery demand climb-
ing 43% to 716.50 tonnes and bullion demand soaring
57% to 375.73 tonnes, the China Gold Association said
on its website.
Copper dropped in intraday trades after a tepid opening
for the European stocks. German manufacturing turn-
over fell a seasonally-and-working-day adjusted 1.5%
from November, when it grew 2.4%.
COMMODITY BUZZ AND ECONOMIC EVENTS
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11th FEBRUARY
EPIC RESEARCH– ANALYST SPEAKS
SILVER
SILVER MCX Short term trend is UP, Immediate support @ 44600Immediate Resistance @ 45250 SILVER MCX Closed @
44413.00 Yesterday Intraday Range of SILVER MCX was 531. Open ,Volumes were 12220 lots. For today Keep a close eye
on US data, volatility may Rule the overall Market due to USDINR Movements.
BUY SILVER ABOVE 45050 TGTS 45250/45550 SL 44700
SELL SILVER BELOW 44550 TGTS 44350/44050 SL 44900
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11th FEBRUARY
EPIC RESEARCH– ANALYST SPEAKS
GOLD
GOLD MCX Short term trend is UP, Immediate support @ 28800Immediate Resistance @ 29050GOLD MCX Closed
@ 28825. Yesterday Intraday Range of GOLD MCX was 184 Volumes were 10310 lots. For today Keep a close eye on
US data, volatility may Rule the overall Market due to USDINR Movements.
BUY GOLD(APR) ABOVE 29020 TGTS 29100/29200 SL 28880
SELL GOLD(APR) BELOW 28800 TGTS 28720/28620 SL 28920
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11th FEBRUARY
EPIC RESEARCH– ANALYST SPEAKS
CASTORSEED
Castorseed Mar looking sideways to bearish in daily chart. Momentum indicators also support bearishness,
recommending sell on high. In Intraday basis nearest support @ 4205 & nearest resistance @ 4240.
BUY CASTORSEED MAR ABOVE 4240 TGTS 4270,4320 SL 4190
SELL CASTORSEED MAR BELOW 4205 TGTS 4175,4125 SL 4255
RESISTANCE 1 4259.7
RESISTANCE 2 4292.3
PIVOT 4204.3
SUPPORT 1 4171.7
SUPPORT 2 4116.3
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11th FEBRUARY
EPIC RESEARCH– ANALYST SPEAKS
DHANIYA
Daily chart of Dhaniya Apr 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 63.65,
Immediate support @ 9225 and immediate resistance @ 9310.
BUY DHANIYA APR ABOVE 9310 TGTS 9340,9390 SL 9260
SELL DHANIYA APR BELOW 9225 TGTS 9195.9145 SL 9275
RESISTANCE 1 9350.7
RESISTANCE 2 9427.3
PIVOT 9261.3
SUPPORT 1 9184.7
SUPPORT 2 9095.3
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11th FEBRUARY
MONDAY, FEBRUARY 11
TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS
ALL DAY JAPAN - NATIONAL FOUNDING DAY
TENTATIVE CNY CHINESE M2 MONEY STOCK (YOY) 13.3% 13.6%
TENTATIVE CNY CHINESE NEW LOANS 1,100B 483B
04:30 ZAR SOUTH AFRICAN UNEMPLOYMENT RATE 24.70%
07:30 USD NFIB SMALL BUSINESS OPTIMISM 93.6 93.9
07:45 USD CHAIN STORE SALES (YOY) 0.0%
07:45 USD CHAIN STORE SALES (WOW) 0.3%
08:55 USD REDBOOK (YOY) 2.7%
08:55 USD REDBOOK (MOM) -0.2%
09:00 MXN MEXICAN INDUSTRIAL PRODUCTION (YOY) 0.8% -1.4%
10:00 USD FED CHAIR YELLEN TESTIFIES
10:00 USD JOLTS JOB OPENINGS 4.04M 4.00M
10:00 USD WHOLESALE INVENTORIES (MOM) 0.5% 0.5%
16:30 USD API WEEKLY CRUDE STOCK 0.38M
16:30 USD API WEEKLY DISTILLATES STOCKS -1.500M
16:30 USD API WEEKLY GASOLINE STOCK -1.200M
16:45 NZD ELECTRONIC CARD RETAIL SALES (MOM) 0.6% 0.6%
TODAY’S ECONOMIC EVENTS
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11th FEBRUARY
MONDAY, FEBRUARY 11
TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS
16:45 NZD ELECTRONIC CARD RETAIL SALES (MOM) 0.6% 0.6%
16:45 NZD ELECTRONIC CARD RETAIL SALES (YOY) 5.5%
18:00 KRW SOUTH KOREAN UNEMPLOYMENT RATE 3.0% 3.0%
18:30 AUD WESTPAC CONSUMER SENTIMENT -1.70%
18:50 JPY CORE MACHINERY ORDERS (MOM) -4.1% 9.3%
18:50 JPY CORE MACHINERY ORDERS (YOY) 17.6% 16.6%
18:50 JPY M2 MONEY STOCK (YOY) 4.2% 4.2%
18:50 JPY TERTIARY INDUSTRY ACTIVITY INDEX (MOM) -0.2% 0.6%
20:10 USD FOMC MEMBER FISHER SPEAKS
21:00 CNY CHINESE EXPORTS (YOY) 1.0% 4.3%
21:00 CNY CHINESE IMPORTS (YOY) 4.0% 8.3%
21:00 CNY CHINESE TRADE BALANCE 24.10B 25.60B
22:00 KRW SOUTH KOREAN M2 MONEY SUPPLY 7.40%
TODAY’S ECONOMIC EVENTS
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11th FEBRUARY
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