Daily commodity report_23_jan_2014 by epic research
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Transcript of Daily commodity report_23_jan_2014 by epic research
YOUR MINTVISORY Call us at +91-731-6642300
23th JANUARY 2014
DAILY COMMODITY REPORT
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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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23th JANUARY 2014
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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23th JANUARY 2014
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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23th JANUARY 2014
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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23th JANUARY 2014
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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23th JANUARY 2014
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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23th JANUARY 2014
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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23th JANUARY 2014
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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23th JANUARY 2014
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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23th JANUARY 2014
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
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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
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23th JANUARY 2014
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