Daily commodity report_27_jan_2014 by epic research

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27th JANUARY 2014

DAILY COMMODITY REPORT

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27th JANUARY 2014

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

GOLD 05 FEB 2014 29270.00 29675.00 29252.00 29519.00 +0.48 6892

SILVER 05 MAR 2014 44864.00 45649.00 44622.00 44691.00 -0.25 9351

CRUDE 19 FEB 2014 6091.00 9135.00 6059.00 6106.00 -0.25 9413

NATURAL GAS 28 JAN 2014 299.80 319.90 299.80 318.80 +5.52 12911

COPPER 28 FEB 2014 454.50 458.15 452.70 455.50 +0.43 9709

NICKEL 31 JAN 2014 907.40 913.60 900.30 906.60 +0.02 4902

LEAD 31 JAN 2014 133.45 135.60 132.45 133.45 +1.84 2422

ZINC 31 JAN 2014 127.00 127.20 125.75 126.20 -0.28 1984

ALUMINIUM 31 JAN 2014 107.55 108.70 107.15 108.05 +0.56 2094

DAILY MARKET WRAPUP

METAL TONNES IN STORAGE

ALUMINIUM -7325

COPPER -425

LEAD -375

NICKEL 2502

TIN -70

ZINC 2900

LME WAREHOUSE STOCKS (24– JAN- 2014)


27th JANUARY 2014

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL (WTI) USD/BBL. 96.64 0.00 0.00% MAR 14

CRUDE OIL (BRENT) USD/BBL. 107.88 +0.30 +0.28% MAR 14

RBOB GASOLINE USD/GAL. 266.32 0.00 0.00% FEB 14

NYMEX NATURAL GAS USD/MMBTU 5.18 +0.45 +9.56% FEB 14

NYMEX HEATING OIL USD/GAL. 313.74 0.00 0.00% FEB 14

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1,264.50 +2.00 +0.16% APR 14

GOLD SPOT USD/T OZ. 1,270.06 +5.93 +0.47% N/A

COMEX SILVER USD/T OZ. 19.77 -0.25 -1.22% MAR 14

COMEX COPPER USD/LB. 327.15 0.00 0.00% MAR 14

PLATINUM SPOT USD/T OZ. 1,428.75 -28.13 -1.93% N/

INTERNATIONAL MARKETS

ENERGY COMMODITY FUTURES

PRECIOUS AND INDUSTRY METALS


27th JANUARY 2014

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

ALUMINIUM 31-JAN 105.75 106.40 106.95 107.60 108.15

COPPER 28-FEB 444.50 448.20 451.00 454.70 457.50

CRUDEOIL 19-FEB 5930 5967 6034 6071 6138

GOLD 5-FEB 28660 28812 29084 29236 29508

LEAD 31-JAN 129.38 131.07 131.98 133.67 134.58

NATURALGAS 28-JAN 274.87 282.93 289.97 298.03 305.07

NICKEL 31-JAN 871.4 881.9 893.6 904.1 915.8

SILVER 5-MAR 43220 43666 44288 44734 45356

ZINC 31-JAN 123.73 125.17 125.93 127.37 128.1

INTRADAY SUPPORT AND RESISTANCE


27th JANUARY 2014

MOST ACTIVE CONTRACTS

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

SILVERMICRO 28-02-2014 44832.00 5,01,83,59,584.00 1,11,937

NATURAL GAS 28-01-2014 313.40 2,78,62,513.60 88,904

CRUDE OIL 19-02-2014 6086.00 44,65,84,594.00 73,379

SILVER M 28-02-2014 44830.00 2,39,06,04,580.00 53,326

SILVER 05-03-2014 44796.00 1,23,28,75,512.00 27,522

COPPER 28-02-2014 455.75 1,18,28,991.25 25,955

LEADMINI 31-01-2014 135.35 31,13,591.40 23,004

NICKEL 31-01-2014 905.60 1,80,92,076.80 19,978

COPPERMINI 28-02-2014 455.85 90,74,605.95 19,907

GOLD M 05-02-2014 29538.00 56,56,23,162.00 19,149


27th JANUARY 2014

TODAY,S COMMODITY NEWS

COMMODITY HEADLINES

Chinese Gold Consumption Soars 32% In 2013.

Global Gold Mine Supply Up 4% in 2013 .

Gold rallies to 2-month high on safe-haven bids.

Foodgrains and Sugar Prices Remain Steady at Wholesale Markets.

Brent-WTI Crude Oil narrows to $10/bbl, WTI to rise on increasing refining margins.

Gold extends gains for second day on sustained buying, global cues.

Commodity exchanges' turnover falls 59 per cent in first half of January.

Gold miners' reserve cuts: Near-term pain, long-term gain.

Sugar prices fall 30% in a year to touch lowest in 5 years.

Gold premiums fall on import curbs ease speculation.

Nickel moves up on rising spot demand.

Coffee sector likely to get Rs 950 cr, a boost for R&D.

Oil prices supported by dip in US distillate supplies.

Pre-2005 notes being used to buy gold at 2-4% commission.

MCX Goldpetal March contract gains.

MCX Goldguinea February contract trades flat.


27th JANUARY 2014

SPECIAL NEWS :

Japan's trade deficit unexpectedly widened in Decem-

ber, with exports growing less than forecast. Exports

rose 15.3% from a year earlier, while imports grew by

24.7% from December 2012. The resulting trade defi-

cit was 1.302 trillion yen ($12.8 billion), widening

from ¥1.293 trillion. The deficit was the 18th in a row

for Japan.

The HSBC China flash Purchasing Managers Index

(PMI) data and US Markit PMI has been below con-

sensus but business confidence is set to be positive in

January. Fed tapering has been initiated on recovery

signals in US economy which should augur well for

commodities demand.

Rabi sowing is drawing to a close and the area under

rabi crops is showing good increase. The total rabi

sown area, as per reports received from States, during

the week ending 24.1.2014 stands at 635.13 lakh hec-

tare as compared to 603.39 lakh hectare at this time

last year- up 5.26%.

COMMODITY BUZZ :

Mongolia will cut the gold mining tax to reduce illegal

gold mining and smuggling and to boost state control of

gold trade. According to a revision of the minerals law

passed by parliament on Friday, the gold mining tax is re-

duced from 10% to 2.5% for gold mining companies that

sell their mined gold to the central bank or its accredited

commercial banks.

Commodities continue to underperform despite some

positive trends in global economy due to extended period

of supply gains, according to Barclays Research. Com-

modities have been underperforming equities and pricing

in below levels unwarranted by the uptick in industrial

production, manufacturing indices and the business senti-

ment indicators.

WTI Crude Oil spreads have fallen in the past few days to

$10 per barrel, a level last seen in December. Barclays Re-

search points out that strong US refining margins and low

product stock cover in the OECD could push WTI prices

even higher in the coming weeks as the US continues ex-

porting high levels of light products.

COMMODITY BUZZ AND ECONOMIC EVENTS


27th JANUARY 2014

EPIC RESEARCH– ANALYST SPEAKS

SILVER MCX:

Apart from Gold, MCX Silver was less bullish on Friday, weak currency helped price to rise up to 45650, But a sharp fall seen due to

profit booking at higher level, Overall trend was bearish still, we expect price can correct up to 44500-44000, on the other side a firm

recovery is possible only above 45850.

BUY SILVER ABOVE 45000 TGTS 45200/45500 SL 44750

SELL SILVER BELOW 44500 TGTS 44300/44000 SL 45750


27th JANUARY 2014


GOLD MCX:

MCX Gold climb higher to 29675 level on Friday due to weak Indian currency, although profit booking at higher level cap

the increasing price. For Monday trend remains mixed and is expected to trade sideways to higher towards 29750 levels in

near term, On the other side failed to trade above 29500 get price down to 29200-29000 level.

BUY GOLD ABOVE 29650 TGTS 29730/29830 SL 29550

SELL GOLD BELOW 29400 TGTS 29320/29220 SL 29500


27th JANUARY 2014


CASTORSEED

Castor Seed market trades under pressure due to higher production than previous estimate. Area under castor seed has de-

creased this year from11.81 lakh ha. to 9.84 lakh ha., however, yield has improved significantly from 96.

BUY CASTORSEED FEB ABOVE 4130 TGTS 4160,4210 SL 4080

SELL CASTORSEED FEB BELOW 4030 TGTS 4000,3950 SL 4080

RESISTANCE 1 4119.7

RESISTANCE 2 4162.3

PIVOT 4055.3

SUPPORT 1 4012.7

SUPPORT 2 3948.3


27th JANUARY 2014


DHANIYA

Bearish trend continued in coriander futures on the back of strong production estimates in major producing states along with

higher carryover stocks in local mandies. The NCDEX futures declined by almost 4% from their weekly highs. The NCDEX

April coriander futures declined by 0.57% on Friday to close at Rs 9236 per quintal. The NCDEX futures shrugged off by al-

most 4% from their weekly high of Rs 9569 per quintal. The NCDEX futures reduced 2.2% in open interest indicating fresh

selling by traders.

BUY DHANIYA FEB ABOVE 8590 TGTS 8620,8670 SL 8540

SELL DHANIYA FEB BELOW 8480 TGTS 8450,8400 SL 8530

RESISTANCE 1 8600.7

RESISTANCE 2 8654.3

PIVOT 8543.3

SUPPORT 1 8489.7

SUPPORT 2 8432.3


27th JANUARY 2014

TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS

MONDAY, JANUARY 27

05:20 JPY TRADE BALANCE -1,223B -1,293B

14:30 EUR GERMAN BUSINESS EXPECTATIONS 108.0 107.4

14:30 EUR GERMAN CURRENT ASSESSMENT 112.4 111.6

14:30 EUR GERMAN IFO BUSINESS CLIMATE INDEX 110.0 109.5

20:30 USD NEW HOME SALES 457K 464K

20:30 USD NEW HOME SALES (MOM) -2.1%

TODAY’S ECONOMIC EVENTS


27th JANUARY 2014

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Daily commodity report_27_jan_2014 by epic research

Economy & Finance

Transcript of Daily commodity report_27_jan_2014 by epic research