Daily commodity report_29_jan_2014 by epic research

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29th JANUARY 2014

DAILY COMMODITY REPORT

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29th JANUARY 2014

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

GOLD 05 FEB 2014 29718.00 29718.00 29470.00 29798.00 -0.85 6786

SILVER 05 MAR 2014 45025.00 45025.00 44145.00 45214.00 -2.15 12763

CRUDE 20 JAN 2014 6077.00 6154.00 6043.00 6088.00 0.84 12055

NATURAL GAS 28 JAN 2014 305.00 309.60 297.20 306.70 0.03 14608

COPPER 28 FEB 2014 459.00 459.00 452.55 459.55 -1.39 10890

NICKEL 31 JAN 2014 898.20 898.20 882.00 894.10 -8.20 3904

LEAD 31 JAN 2014 136.10 136.10 133.40 136.35 -1.21 2752

ZINC 31 JAN 2014 126.30 126.60 124.75 126.95 -1.30 1510

ALUMINIUM 31 JAN 2014 108.35 108.65 107.20 108.95 -1.10 1836

DAILY MARKET WRAPUP

METAL TONNES IN STORAGE

ALUMINIUM -7325

COPPER -2825

LEAD -500

NICKEL 198

ZINC -4800

LME WAREHOUSE STOCKS (28– JAN- 2014)


29th JANUARY 2014

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL (WTI) USD/BBL. 97.17 +1.45 +1.51% MAR 14

CRUDE OIL (BRENT) USD/BBL. 107.40 -0.01 -0.01% MAR 14

RBOB GASOLINE USD/GAL. 263.54 +1.37 +0.52% FEB 14

NYMEX NATURAL GAS USD/MMBTU 4.99 -0.04 -0.85% FEB 14

NYMEX HEATING OIL USD/GAL. 313.50 +1.32 +0.42% FEB 14

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1,253.50 +3.00 +0.24% APR 14

GOLD SPOT USD/T OZ. 1,253.77 -3.06 -0.24% N/A

COMEX SILVER USD/T OZ. 19.57 +0.07 +0.34% MAR 14

COMEX COPPER USD/LB. 326.20 +0.90 +0.28% MAR 14

PLATINUM SPOT USD/T OZ. 1,411.69 +1.56 +0.11% N/A

INTERNATIONAL MARKETS

ENERGY COMMODITY FUTURES

PRECIOUS AND INDUSTRY METALS


29th JANUARY 2014

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

ALUMINIUM 31-JAN 105.60 106.40 107.05 107.85 108.50

COPPER 28-FEB 444.17 448.33 450.67 454.83 457.17

CRUDEOIL 19-FEB 5955 5999 6066 6110 6177

GOLD 5-FEB 29173 29322 29421 29570 29669

LEAD 31-JAN 130.43 131.92 133.13 134.62 135.83

NATURALGAS 28-JAN 293.23 299.97 308.93 315.67 324.63

NICKEL 31-JAN 863.1 872.6 879.3 888.8 895.5

SILVER 5-MAR 42958 43542 43856 44440 44754

ZINC 31-JAN 122.48 123.62 124.33 125.47 126.18

INTRADAY SUPPORT AND RESISTANCE


29th JANUARY 2014

MOST ACTIVE CONTRACTS

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

SILVERMICRO 28-02-2014 44304.00 4,38,64,94,736.00 99,009

NATURAL GAS 25-02-2014 306.80 2,27,37,868.40 74,113

CRUDE OIL 19-02-2014 6139.00 37,09,85,909.00 60,431

SILVER M 28-02-2014 44300.00 1,82,23,24,800.00 41,136

COPPER 28-02-2014 453.15 1,10,52,781.65 24,391

SILVER 05-03-2014 44257.00 1,00,69,79,521.00 22,753

LEADMINI 31-01-2014 134.70 28,49,174.40 21,152

COPPERMINI 28-02-2014 453.15 93,69,329.40 20,676

GOLD M 05-02-2014 29660.00 50,87,57,980.00 17,153

NICKEL 31-01-2014 885.90 1,15,40,619.30 13,027


29th JANUARY 2014

TODAY,S COMMODITY NEWS

COMMODITY HEADLINES

Gold slips for third session, Fed policy meeting in focus

Gold to remain buoyant for short term on robust Chinese buying

Gold may hit $1,330/oz on strong demand

Govt imposes 5% export duty on iron ore pellets

Copper up 0.2% as demand picks up

Nickel down 0.6% on global cues

Cardamom up 0.4% on spot demand

Chana down 0.9% on profit-booking

Palm oil down 0.7% on weak overseas cues

Oil prices supported by dip in US distillate supplies

Oil prices hit by profit-taking in Asian trade


29th JANUARY 2014

SPECIAL NEWS

Copper declined yesterday on rising short posi-

tions by day traders. MCX Copper closed at Rs 453

per kg, down 1.45%. The prices are slowly getting

trimmed and a decline below Rs 451 per kg is ex-

pected to take prices to Rs 445 per kg. Resistance of

Rs 459 and 461 per kg is intact in Copper. The settle-

ment of Copper last night was below the 100 day

EMA of Rs 453.8 per kg. The next wave of correction

could be near to 200 day EMA of Rs 446 per

Gold futures inched up in the Asia electronic ses-

sion today lifted by the bargain buying after the metal

tumbled 1% yesterday. The metal may come back un-

der pressure ahead of the FOMC decision due later

yesterday. Gold futures for February delivery are

trading up $2.6 at $ 1253.4 an ounce on the Comex

division of the New York Mercantile Exchange. Yes-

terday, it shed $12.60, or 1%, to settle at $1,250.80 an

ounce. March silver lost 29 cents, or 1.5%

COMMODITY BUZZ :

The American Petroleum Institute late Tuesday re-

ported a nearly 4.8 million-barrel rise in crude sup-

plies for the week ended Jan. 24, according to data

from sources. Analysts surveyed by Platts had forecast

a climb of 2.1 million barrels in crude supplies. Ana-

lysts were looking for gasoline supplies to rise by 1.6

million barrels and distillate inventories to fall by 2.3

million barrels. The more closely watched Energy In-

formation Administration report is due Wednesday.

New orders for manufactured durable goods in De-

cember decreased $10.3 billionor 4.3 percent to

$229.3 billion, the U.S. Census Bureau announced to-

day. Thisdecrease, down two of the last three months,

followed a 2.6 percent Novemberincrease. Excluding

transportation, new orders decreased 1.6 percent, af-

tersurging 0.10% in the last month. Excluding de-

fense, new orders decreased 3.7percent.

COMMODITY BUZZ AND ECONOMIC EVENTS


29th JANUARY 2014

EPIC RESEARCH– ANALYST SPEAKS

SILVER MCX:

MCX SILVER march contract was closed at RS45214 down –2.15 percent.

The SILVER rate touched an intraday high of Rs 445025 and an intraday low of Rs 44142. So far 20670 contracts have been traded.

The Silver is taking immediate support at 44050 If its break @ 44050 level then Silver price fall till 43700 with volume

Silver opened at morning with gap down and made day high. In day session silver trade in range bound and made day high 45025 .

After evening Have seen more selling in silver after coming positive data of us market and it will helpful to break the nearest sup-

port 44050 further silver will touch level 43700 next trading session

BUY SILVER ABOVE 45520 TGTS 45720/46020 SL 45180

SELL SILVER BELOW 44900 TGTS 44700/44400 SL 45260


29th JANUARY 2014


GOLD MCX:

MCX GOLD February contract was closed at Rs 29798UP Rs -.0850. percent.

The GOLD rate touched an intraday high of Rs 29718 and an intraday low of Rs 29470. So far 12630 contracts have

been traded. Gold Price is taking support at 29450 , market is range bound all day. In evening session gold price have

cracked the nearest support 29550,after coming positive us data of CB Consumer Confidence and made low of 2947

BUY GOLD ABOVE 29850 TGTS 29930/30030 SL 29730

SELL GOLD BELOW 29650 TGTS 29570/29470 SL 29760


29th JANUARY 2014


CASTORSEED

Castor seed daily chart shows Downtrend, bearishness will continue in upcoming trading session

RSI & MACD is in below mid range. that shows price trend will down. castor seed will give some

correction from low. recommending sell on high. Immediate support @ 4080 and immediate resistance @ 4155.

BUY CASTORSEED FEB ABOVE 4155 TGTS 4185,4245 SL 4105

SELL CASTORSEED FEB BELOW 4080 TGTS 4050,4000 SL 4130

RESISTANCE 1 4181.70

RESISTANCE 2 4256.30

PIVOT 4122.3

SUPPORT 1 4047.7

SUPPORT 2 3988.3


29th JANUARY 2014


DHANIYA

Dhaniya daily chart, there is some profit booking in upper level, but still trend is bullish.

continue in upcoming trading session, fundamentally also Dania is in bullish trend. Recommending buy on dips, movement

am indicator RSI AND MACD are above from mid range have plus point of bullishness. Immediate support @ 8235 and im-

mediate resistance @ 8370

BUY DHANIYA FEB ABOVE 8370 TGTS 8400,8450 SL 8320

SELL DHANIYA FEB BELOW 8235 TGTS 8205,8155 SL 8285

RESISTANCE 1 8379.7

RESISTANCE 2 8439.3

PIVOT 8307.3

SUPPORT 1 8247.7

SUPPORT 2 8175.3


29th JANUARY 2014

TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS

WEDNESDAY , JANUARY 29

12:30 EUR GFK GERMAN CONSUMER CLIMATE 7.6 7.6

12:30 GBP NATIONWIDE HPI (MOM) 0.6% 1.4%

14:30 NOK NORWEGIAN UNEMPLOYMENT RATE 3.3% 3.3%

17:45 GBP BOE GOV CARNEY SPEAKS

TODAY’S ECONOMIC EVENTS


29th JANUARY 2014

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Daily commodity report_29_jan_2014 by epic research

Economy & Finance

Transcript of Daily commodity report_29_jan_2014 by epic research