Daily commodity report_23_jan_2014 by epic research

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YOUR MINTVISORY Call us at +91-731-6642300 23 th JANUARY 2014 DAILY COMMODITY REPORT Our Presence Epic Research India 411 Milinda Manor (Suites 409- 417) 2 RNT Marg. Opp Cental Mall Indore (M.P.) Hotline: +91 731 664 2300 Alternate: +91 731 664 2320 Or give us a missed call at 026 5309 0639 HNI & NRI Sales Contact Australia Mintara Road, Tarneit, Victoria. Post Code 3029 Phone.: +61 422 063855 HNI & NRI Sales Contact USA 2117 Arbor Vista Dr. Charlotte (NC) Cell: +1 704 249 2315 Toll Free Number 1-800-200-9454 All queries should be directed to [email protected]

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Transcript of Daily commodity report_23_jan_2014 by epic research

Page 1: Daily commodity report_23_jan_2014 by epic research

YOUR MINTVISORY Call us at +91-731-6642300

23th JANUARY 2014

DAILY COMMODITY REPORT

Our Presence

Epic Research India

411 Milinda Manor (Suites 409- 417)

2 RNT Marg. Opp Cental Mall

Indore (M.P.)

Hotline: +91 731 664 2300

Alternate: +91 731 664 2320

Or give us a missed call at

026 5309 0639

HNI & NRI Sales Contact Australia

Mintara Road, Tarneit, Victoria. Post Code 3029

Phone.: +61 422 063855

HNI & NRI Sales Contact USA

2117 Arbor Vista Dr. Charlotte (NC)

Cell: +1 704 249 2315

Toll Free Number

1-800-200-9454

All queries should be directed to

[email protected]

Page 2: Daily commodity report_23_jan_2014 by epic research

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23th JANUARY 2014

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

GOLD 05 FEB 2014 29208.00 29278.00 29121.00 29241.00 -0.22 8006

SILVER 05 MAR 2014 44558.00 44596.00 44200.00 44480.00 -0.22 12222

CRUDE 20 JAN 2014 5940.00 6023.00 5923.00 5922.00 1.57 10881

NATURAL GAS 28 JAN 2014 274.50 287.90 274.50 273.50 5.00 19468

COPPER 28 FEB 2014 460.55 461.55 456.70 461.22 -0.72 11181

NICKEL 31 JAN 2014 912.80 914.50 905.70 912.20 -0.13 7464

LEAD 31 JAN 2014 136.30 137.00 134.75 136.15 -0.95 3183

ZINC 31 JAN 2014 130.00 130.35 128.70 129.80 -0.62 2839

ALUMINIUM 31 JAN 2014 109.50 109.75 107.90 109.30 -1.14 2382

DAILY MARKET WRAPUP

METAL TONNES IN STORAGE

ALUMINIUM -2025

COPPER -2300

LEAD -600

NICKEL -132

ZINC -1500

LME WAREHOUSE STOCKS (22– JAN- 2014)

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COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1,234.50 -4.10 -0.33% APR 14

GOLD SPOT USD/T OZ. 1,235.01 -2.14 -0.17% N/A

COMEX SILVER USD/T OZ. 19.73 -0.11 -0.55% MAR 14

COMEX COPPER USD/LB. 331.95 -1.75 -0.52% MAR 14

PLATINUM SPOT USD/T OZ. 1,453.75 -4.38 -0.30% N/A

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL (WTI) USD/BBL. 96.50 -0.23 -0.24% MAR 14

CRUDE OIL (BRENT) USD/BBL. 108.00 -0.27 -0.25% MAR 14

RBOB GASOLINE USD/GAL. 266.64 -1.07 -0.40% FEB 14

NYMEX NATURAL GAS USD/MMBTU 4.72 +0.03 +0.62% FEB 14

NYMEX HEATING OIL USD/GAL. 303.96 +0.17 +0.06% FEB 14

INTERNATIONAL MARKETS

ENERGY COMMODITY FUTURES

PRECIOUS AND INDUSTRY METALS

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

ALUMINIUM 31-JAN 106.70 107.40 108.35 109.05 110.00

COPPER 28-FEB 449.08 451.82 456.53 459.27 463.98

CRUDEOIL 19-FEB 5677 5737 5829 5889 5981

GOLD 5-FEB 28980 29055 29148 29223 29316

LEAD 31-JAN 131.43 132.52 134.33 135.42 137.23

NATURALGAS 28-JAN 254.10 258.90 266.10 270.90 278.10

NICKEL 31-JAN 871.5 879.9 896.0 904.4 920.5

SILVER 5-MAR 43329 43735 44107 44513 44885

ZINC 31-JAN 125.42 126.33 128.07 128.98 130.72

INTRADAY SUPPORT AND RESISTANCE

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MOST ACTIVE CONTRACTS

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

NATURAL GAS 28-01-2014 287.20 2,34,05,651.20 81,496

CRUDE OIL 19-02-2014 6015.00 34,22,47,485.00 56,899

SILVERMICRO 28-02-2014 44398.00 2,22,59,38,128.00 50,136

SILVER M 28-02-2014 44401.00 1,17,04,99,162.00 26,362

COPPER 28-02-2014 457.95 92,84,936.25 20,275

LEADMINI 31-01-2014 134.85 24,85,285.50 18,430

COPPERMINI 28-02-2014 457.85 72,45,476.25 15,825

NICKEL 31-01-2014 911.00 1,41,53,296.00 15,536

NICKELMINI 31-01-2014 910.80 1,30,42,656.00 14,320

GOLD M 05-02-2014 29296.00 39,60,23,328.00 13,518

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TODAY,S COMMODITY NEWS

COMMODITY HEADLINES

Gold prices recovered by Rs. 20 to Rs. 30,200 per ten grams in the national capital yesterday on buying by retailers.

the Multi Commodity Exchange, gold for delivery in February declined by Rs. 54, or 0.18 per cent, to Rs. 29,187 per ten

grams in a business turnover of 1,498 lots

Chana Slumps On Fresh Supplies In Maharashtra Mandies

Crude oil futures rise to 3-week high on global demand prospects

API Data Show Crude Supply Jump 4.9 Mln Barrels

Natural gas prices soar as powerful winter storm pummels eastern U.S.

Silver futures edge lower with Fed tapering prospects in focus

Castorseed To Encounter Fresh Selling From Higher Levels

UK Jobless Rate Drops To 7.1%

U.K. Budget Deficit Contracts In December

Gold Dips On Firm Dollar, Tapering Concerns

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SPECIAL NEWS : Gold futures slumped on Wednesday to hold near the

previous session's one-week low, as expectations for the

Federal Reserve to continue tapering its stimulus program

and stronger dollar weighed the sentiment. A stronger

U.S. dollar usually weighs on gold as it dampens the met-

als' appeal as an alternative asset and makes dollar-priced

commodities more expensive for holders of other curren-

cies. Losses were limited amid ongoing indications of

strong physical demand in China. Gold demand in China,

the world's largest consumer,

Indian Copper prices faced correction in the daily

charts today as the Rupee gained some momentum from

US Dollar. MCX Copper was trading at Rs 458.35 per kg,

down 0.63%. The prices of Copper on MCX were falling

due to the fact that Rupee gained 45 pips against the Dol-

lar. INR was trading at 61.84 against US Dollar. LME Cop-

per remained in a sideways mode as China reported a rise

in Copper production. The data from China showed that

Copper production was at 6238087 tonnes in January-

November 2013, up 14.31% The Swiss ZEW Survey ex-

pectations fell to 36.4 points in January

COMMODITY BUZZ :

Budget deficit in the United Kingdom narrowed by GBP

2.1 billion from the previous year to GBP 12.1 billion in

December, the Office for National Statistics showed

Wednesday. The deficit was below the expected level of

GBP 14 billion. There was no transfer from Bank of Eng-

land Asset Purchase Facility Fund to treasury in Decem-

ber. For the financial year to date 2013/14, public sector

net borrowing excluding temporary effects of financial

interventions was GBP 83.9 billion. This was GBP 11 bil-

lion higher than the same period in 2012/13, when it was

GBP 72.9 billion. Public sector net debt excluding tempo-

rary effects of financial interventions was GBP 1,254.3 bil-

lion at the end of December 2013,

UK Unemployment rate for the September-November pe-

riod was 7.1 percent, just a tad above the Bank of Eng-

land's threshold for increasing interest rates. The jobless

rate in the United Kingdom declined more than expected

in the three months to November, the latest figures from

the Office for National Statistics showed Wednesday.

COMMODITY BUZZ AND ECONOMIC EVENTS

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EPIC RESEARCH– ANALYST SPEAKS

SILVER MCX:

BUY SILVER ABOVE 44700 TGTS 44900/45200 SL 44350

SELL SILVER BELOW 44050 TGTS 43850/43550 SL 44400

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EPIC RESEARCH– ANALYST SPEAKS

GOLD MCX:

BUY GOLD ABOVE 29250 TGTS 29170/29070 SL 29350

SELL GOLD BELOW 29100 TGTS 29020/28920 SL 29220

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EPIC RESEARCH– ANALYST SPEAKS

CASTORSEED

Castorseed 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

@ 4275 and immediate resistance @ 4335. 4250 is also a strong support

level and if it sustain below it, may sign of bearish.

BUY CASTORSEED FEB ABOVE 4335 TGTS 4365,4415 SL 4285

SELL CASTORSEED FEB BELOW 4275 TGTS 4245,4195 SL 4315

RESISTANCE 1 4348.0

RESISTANCE 2 4398.0

PIVOT 4306.0

SUPPORT 1 4256.0

SUPPORT 2 4214.0

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EPIC RESEARCH– ANALYST SPEAKS

DHANIYA

Dhaniya Feb. is in bullish trend in daily chart. Immediate support @ 8390and immediate resistance @ 8465.open in-

terest 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 8465 TGTS 8495,8545 SL 8415

SELL DHANIYA FEB BELOW 8390 TGTS 8360,8310 SL 8440

RESISTANCE 1 8574.7

RESISTANCE 2 8739.3.7

PIVOT 8473.3

SUPPORT 1 8308.7

SUPPORT 2 8207.3

Page 12: Daily commodity report_23_jan_2014 by epic research

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23th JANUARY 2014

TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS

THUSDAY 23 JANUARY 2014

04:30 KRW SOUTH KOREAN GDP (QOQ) 0.9% 1.1%

07:15 CNY CHINESE HSBC MANUFACTURING PMI 50.6 50.5

10:30 JPY BOJ MONTHLY REPORT

13:28 EUR FRENCH MANUFACTURING PMI 47.5 47.0

13:28 EUR FRENCH SERVICES PMI 48.1 47.8

14:00 EUR GERMAN MANUFACTURING PMI 54.6 54.3

14:00 EUR GERMAN SERVICES PMI 54.0 53.5

14:30 EUR MANUFACTURING PMI 53.0 52.7

14:30 EUR SERVICES PMI 51.4 51.0

16:30 GBP CBI DISTRIBUTIVE TRADES SURVEY 25 34

19:00 CAD CORE RETAIL SALES (MOM) 0.3% 0.4%

19:00 CAD RETAIL SALES (MOM) 0.3% -0.1%

19:00 USD INITIAL JOBLESS CLAIMS 326K 326K

20:30 USD EXISTING HOME SALES 4.94M 4.90M

20:30 USD EXISTING HOME SALES (MOM) 0.4% -4.3%

TODAY’S ECONOMIC EVENTS

Page 13: Daily commodity report_23_jan_2014 by epic research

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23th JANUARY 2014

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