Daily commodity report_22_jan_2014 by epic research

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22th JANUARY 2014

DAILY COMMODITY REPORT

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22th JANUARY 2014

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

GOLD 05 FEB 2014 29238.00 29298.00 29130.00 29288.00 -0.17 8294

SILVER 05 MAR 2014 44900.00 44918.00 44140.00 45024.00 -1.10 12057

CRUDE 20 JAN 2014 5806.00 5948.00 4796.00 5813.00 1.67 9388

NATURAL GAS 28 JAN 2014 263.70 275.70 263.70 262.90 3.77 16723

COPPER 28 FEB 2014 456.05 462.00 454.55 458.45 0.97 11427

NICKEL 31 JAN 2014 882.10 912.00 888.20 895.00 1.65 8263

LEAD 31 JAN 2014 134.40 136.60 133.60 134.40 1.12 3356

ZINC 31 JAN 2014 127.95 129.80 127.25 128.00 1.21 3091

ALUMINIUM 31 JAN 2014 108.85 109.75 108.10 108.95 0.32 2198

DAILY MARKET WRAPUP

METAL TONNES IN STORAGE

ALUMINIUM -7275

COPPER -3875

LEAD 200

NICKEL -432

ZINC -3100

LME WAREHOUSE STOCKS (22– JAN- 2014)


22th JANUARY 2014

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL (WTI) USD/BBL. 94.99 0.00 0.00% MAR 14

CRUDE OIL (BRENT) USD/BBL. 107.03 +0.30 +0.28% MAR 14

RBOB GASOLINE USD/GAL. 263.64 +1.58 +0.60% FEB 14

NYMEX NATURAL GAS USD/MMBTU 4.48 +0.05 +1.02% FEB 14

NYMEX HEATING OIL USD/GAL. 303.22 +1.75 +0.58% FEB 14

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1,242.20 +0.40 +0.03% FEB 14

GOLD SPOT USD/T OZ. 1,242.59 +1.18 +0.10% N/A

COMEX SILVER USD/T OZ. 19.91 +0.04 +0.18% MAR 14

COMEX COPPER USD/LB. 334.85 -0.25 -0.07% MAR 14

PLATINUM SPOT USD/T OZ. 1,458.75 +7.87 +0.54% N/A

INTERNATIONAL MARKETS

ENERGY COMMODITY FUTURES

PRECIOUS AND INDUSTRY METALS


22th JANUARY 2014

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

ALUMINIUM 31-JAN 107.98 108.47 109.33 109.82 110.68

COPPER 28-FEB 454.02 455.23 457.22 458.43 460.42

CRUDEOIL 19-FEB 5779 5796 5817 5834 5855

GOLD 5-FEB 29184 29236 29313 29365 29442

LEAD 31-JAN 133.37 133.88 134.82 135.33 136.27

NATURALGAS 28-JAN 259.43 261.17 263.23 264.97 267.03

NICKEL 31-JAN 876.3 885.6 891.2 900.5 906.1

SILVER 5-MAR 44771 44898 45081 45208 45391

ZINC 31-JAN 127.03 127.52 128.08 128.57 129.13

INTRADAY SUPPORT AND RESISTANCE


22th JANUARY 2014

MOST ACTIVE CONTRACTS

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

SILVERMICRO 28-02-2014 44545.00 4,18,31,31,860.00 93,908

CRUDE OIL 19-02-2014 5910.00 37,26,13,680.00 63,048

NATURAL GAS 28-01-2014 272.80 1,59,12,969.60 58,332

SILVER M 28-02-2014 44550.00 2,07,45,59,850.00 46,567

COPPER 28-02-2014 460.90 1,16,71,370.70 25,323

SILVER 05-03-2014 44529.00 1,10,78,36,991.00 24,879

LEADMINI 31-01-2014 135.85 29,97,666.10 22,066

NICKEL 31-01-2014 909.80 1,81,56,878.60 19,957

COPPERMINI 28-02-2014 460.90 89,30,398.40 19,376

NICKELMINI 31-01-2014 909.90 1,69,26,869.70 18,603


22th JANUARY 2014

TODAY,S COMMODITY NEWS

COMMODITY HEADLINES

Gold prices declined by 0.21 per cent to Rs. 29,227 per ten grams in futures trading

Gold jewellery inflows via NRIs cool domestic prices

Gold futures decline 0.21% on global cues

Silver futures down 0.46% on weak global cues

CEC for time-bound scheme to re-allot category 'C' mines

Copper falls 0.3% on sluggish demand, global cues

Oil prices down in Asian trade

China’s new Oil refineries to change demand-supply dynamics in Lunar New Year

China Crude Oil demand expected to grow by 350,000 b/d in Q1 2014

Aussie Silver, Lead, Zinc ore industry grows 2.1% annually, to get $4.3 bn in revenue in 2013-14


22th JANUARY 2014

SPECIAL NEWS :

MCX Gold futures came off their highs in intraday

trades as the global prices corrected from recent six

week highs on ideas that the US the Fed is on track

to trim its bond-buying program and a further re-

duction could as soon as the central bank's meeting

around this month-end. The US dollar strengthened

and hovered around its seven week high and

COMEX Gold broke under $1250 per ounce. The

metal quotes at $1244.10, down $7.80 per ounce on

the day. MCX Gold futures also eased from intraday

highs near Rs 29300 per 10 grams and currently

quote at Rs 29260, down Rs 28 per 10 grams on the

day

The NCDEX futures declined by 1.50% yesterday. As

per the latest crop data compiled by team of com-

modityinsights.com, the total production of guarseed

in the current year is estimated at 24 lakh tonnes

against 21 lakh tonnes reported in the previous year

Selling intensified in mustard seed futures to favour-

able crop conditions in the major producing states.

COMMODITY BUZZ :

India's index of mineral production of mining and quarry-

ing sector in November 2013 was higher by 3.7% com-

pared to that of the preceding month. The mineral sector

has shown a positive growth of 1.0% during November

2013 as compared to that of the corresponding month of

previous year. Local gold production surged by 24.6% to

86 kgs. The total value of mineral production (excluding

atomic & minor minerals) in the country during Novem-

ber 2013 was Rs. 17163 crore. The contribution of coal

was the highest at Rs. 5798 crore (34%). Next in the order

of importance were: petroleum (crude) Rs. 5728 crore,

iron ore Rs. 2276 crore, natural gas (utilized) Rs. 1797

crore, limestone Rs. 364 crore and lignite Rs. 365 crore.

Economic confidence in Germany fell 0.3 points to 61.7 in

January. The score was expected to rise to 64. The indica-

tor of economic sentiment weakened unexpectedly in

January, survey data from the Centre for European Eco-

nomic Research/ZEW showed Tuesday. The expert's as-

sessment of the current economic situation climbed 8.8

points to 41.2, its highest mark since May 2012.

COMMODITY BUZZ AND ECONOMIC EVENTS


22th JANUARY 2014

EPIC RESEARCH– ANALYST SPEAKS

SILVER MCX:

MCX SILVER march contract was closed at RS 45024 down , 1.10 percent.

The SILVER rate have touched an intraday high of Rs 44918 and an intraday low of Rs 44140. So far 24470 contracts have been

traded. Silver opened at morning with gap down and made day high. In day session silver trade in range-bound and made day high

44918 . After evening Have seen more selling in silver and it will helpful to break the nearest resistance 44390 further silver will

touch level 44100 next trading session.

BUY SILVER ABOVE 44700 TGTS 44900/45200 SL 44350

SELL SILVER BELOW 44350 TGTS 44150/43850 SL 44700


22th JANUARY 2014


GOLD MCX:

MCX GOLD February contract was closed at Rs 29288 down -0.17 percent.

The GOLD rate touched an intraday high of Rs 29298 and an intraday low of Rs 29130. So far 17180 contracts have

been traded. Gold Price is taking support at 29100 trade in range bound all day.

In evening session gold price have cracked the nearest support 29200 and made high of 29130

BUY GOLD ABOVE 29300 TGTS 29380/29480 SL 29290

SELL GOLD BELOW 29190 TGTS 29110/29010 SL 29300


22th JANUARY 2014


CASTORSEED

castor seed is in sideways and taking support of 4250 in daily chart .MACD & RSI shows down trend but when price

trend will break its consolidation trend then only it will clear the trend. Immediate support @ 4315 and immediate re-

sistance @ 4385. 4250 is also a strong support level and if it sustain below it, may sign of bearish.

BUY CASTORSEED FEB ABOVE 4385 TGTS 4415,4465 SL 4335

SELL CASTORSEED FEB BELOW 4315 TGTS 4285,4235 SL 4365

RESISTANCE 1 4371.70

RESISTANCE 2 4407.3

PIVOT 4345.30

SUPPORT 1 4309.7

SUPPORT 2 4283.30


22th JANUARY 2014


DHANIYA

Dhaniya Feb. is in bullish trend in daily chart. Immediate support @ 8345 and immediate resistance @ 8485.open inter-

est and pries has increased, RSI and MACD both are give signal of bullishness. Fundamentally dhaniya

is in bullish trend in coming trading session.

BUY DHANIYA FEB ABOVE 8485 TGTS 8515,8565 SL 8435

SELL DHANIYA FEB BELOW 8345 TGTS 8315,8265 SL 8395



PIVOT 8104.3

SUPPORT 1 8021.3

SUPPORT 2 7931.30


22th JANUARY 2014

TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS

WEDNESDAY 22 JANUARY 2014

05:00 AUD WESTPAC CONSUMER SENTIMENT -4.80%

06:00 AUD CPI (QOQ) 0.5% 1.2%

06:00 AUD CPI (YOY) 2.5% 2.2%

06:00 AUD TRIMMED MEAN CPI (QOQ) 0.6% 0.7%

TENTATIVE JPY BOJ PRESS CONFERENCE

15:00 GBP AVERAGE EARNINGS INDEX +BONUS 1.0% 0.9%

15:00 GBP CLAIMANT COUNT CHANGE -35.0K -36.7K

15:00 GBP MPC MEETING MINUTES

15:00 GBP UNEMPLOYMENT RATE 7.3% 7.4%

20:30 CAD BOC MONETARY POLICY REPORT

20:30 CAD INTEREST RATE DECISION 1.00% 1.00%

21:45 CAD BOC GOV POLOZ SPEAKS

TODAY’S ECONOMIC EVENTS


22th JANUARY 2014

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Daily commodity report_22_jan_2014 by epic research

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Transcript of Daily commodity report_22_jan_2014 by epic research