Daily commodity report_30_jan_2014 by epic research
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Transcript of Daily commodity report_30_jan_2014 by epic research
YOUR MINTVISORY Call us at +91-731-6642300
30th JANUARY 2014
DAILY COMMODITY REPORT
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30th JANUARY 2014
COMMODITY CONTRACT OPEN PRICE HIGH LOW CLOSE PRICE %CHANGE OI (in lots)
GOLD 05 FEB 2014 29450.00 29840.00 29346.00 29521 0.69 6609
SILVER 05 MAR 2014 44100.00 45074.00 43844.00 44169.00 0.65 10407
CRUDE 19 FEB 2014 6120.00 6149.00 6058.00 6133.00 -0.07 11862
NATURAL GAS 28 JAN 2014 308.20 320.80 303.50 309.10 3.69 17693
COPPER 28 FEB 2014 452.15 454.20 449.45 453.00 -0.12 10332
NICKEL 31 JAN 2014 884.50 888.60 876.10 886.10 -0.82 4166
LEAD 31 JAN 2014 133.80 135.10 132.85 134.35 0.11 2501
ZINC 31 JAN 2014 124.55 125.45 123.80 125.05 -0.24 1410
ALUMINIUM 31 JAN 2014 107.20 107.75 106.60 107.70 -0.56 1769
DAILY MARKET WRAPUP
METAL TONNES IN STORAGE
ALUMINIUM 1050
COPPER -3775
LEAD 300
NICKEL 144
ZINC -4600
LME WAREHOUSE STOCKS (29– JAN- 2014)
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30th JANUARY 2014
COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT
CRUDE OIL (WTI) USD/BBL. 97.53 +0.17 +0.17% MAR 14
CRUDE OIL (BRENT) USD/BBL. 107.89 +0.04 +0.04% MAR 14
RBOB GASOLINE USD/GAL. 265.96 -0.13 -0.05% FEB 14
NYMEX NATURAL GAS USD/MMBTU 5.39 -0.07 -1.34% MAR 14
NYMEX HEATING OIL USD/GAL. 319.00 +0.84 +0.26% FEB 14
COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT
COMEX GOLD USD/T OZ. 1,261.90 -0.30 -0.02% APR 14
GOLD SPOT USD/T OZ. 1,262.23 -5.11 -0.40% N/A
COMEX SILVER USD/T OZ. 19.55 -0.01 -0.04% MAR 14
COMEX COPPER USD/LB. 323.35 -0.70 -0.22% MAR 14
PLATINUM SPOT USD/T OZ. 1,406.88 -6.18 -0.44% N/A
INTERNATIONAL MARKETS
ENERGY COMMODITY FUTURES
PRECIOUS AND INDUSTRY METALS
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30th JANUARY 2014
COMMODITY EXPIRY SUP.3 SUP.2 SUP.1 PIVOT RES.1
ALUMINIUM 31-Jan 105.43 106.02 106.58 107.17 107.73
COPPER 28-Feb 445.38 447.42 450.13 452.17 454.88
CRUDEOIL 19-Feb 5985 6021 6076 6112 6167
GOLD 5-Feb 28949 29147 29443 29641 29937
LEAD 31-Jan 131.12 131.98 133.37 134.23 135.62
NATURALGAS 25-Feb 290.03 296.77 308.93 315.67 327.83
NICKEL 31-Jan 858.8 867.1 871.9 880.2 885.0
SILVER 5-Mar 42578 43211 43808 44441 45038
ZINC 31-Jan 122.37 123.08 124.02 124.73 125.67
CARDAMOM 15-Feb 711.8 721.2 739.2 748.6 766.6
INTRADAY SUPPORT AND RESISTANCE
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30th JANUARY 2014
MOST ACTIVE CONTRACTS
Symbol Expiry Date LTP Value (In Lacs) Volume (In Lots)
SILVERMICRO 28-02-2014 44492.00 5,76,48,28,440.00 1,29,570
NATURAL GAS 25-02-2014 320.50 3,31,15,983.00 1,03,326
CRUDE OIL 19-02-2014 6129.00 42,16,93,587.00 68,803
SILVER M 28-02-2014 44492.00 2,48,55,90,072.00 55,866
SILVER 05-03-2014 44456.00 1,42,28,14,280.00 32,005
COPPER 28-02-2014 452.45 1,11,07,195.05 24,549
LEADMINI 31-01-2014 134.60 28,34,137.60 21,056
COPPERMINI 28-02-2014 452.45 87,57,622.20 19,356
GOLD M 05-02-2014 29826.00 50,72,80,608.00 17,008
GOLD 05-02-2014 29725.00 49,26,62,150.00 16,574
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30th JANUARY 2014
TODAY,S COMMODITY NEWS
COMMODITY HEADLINES
Silver down 0.6% on global cues, weak spot demand and Gold down 0.7%
Jewellery sales shoot up on panic buying with old notes
Zinc down 0.9% on global cues
Nickel down 0.6% on spot demand, global cues
Soybean down 1.7% on global cues
Chana down 0.8% on subdued spot demand
Coriander up 1.1% on spot demand
Oil rebounds in Asia on bargain hunting
Oil prices supported by dip in US distillate supplies
Oil prices hit by profit-taking in Asian trade
Mentha oil up 0.2% on spot demand
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30th JANUARY 2014
SPECIAL NEWS
MCX Gold edged up yesterday following a recovery in
global prices. The South African miners strike contin-
ues and bargain hunting emerged in the yellow metal
after losses in last session. COMEX Gold eased from its
tow month highs as profit selling tricked in following
the improving US consumer confidence and rising eq-
uities. The overall sentiments in global markets were
steady today and the US dollar gained to a one week
high of 1.3640 against the Euro ahead of the Fed deci-
sion later on yesterday .The Reserve Bank of Australia
has cut interest rates eight times since late 2011 to a
record low of 2.50% to cushion the economy against
the downturn.
Japan retail sales rose 2.6 percent on year in Decem-
ber, the Ministry of Economy, Trade and Industry said
on Thursday, following the upwardly revised 4.1 per-
cent gain in the previous month (originally 4.0 per-
cent). Sales from large retailers added just 0.1 percent
on year after gaining 0.6 percent in November.
COMMODITY BUZZ
The Federal Reserve Wednesday took another gradual
step toward exiting its controversial bond-buying pro-
gram, remaining stoic in the face of market turmoil.. As
expected, the central bank went ahead with a second $10
billion reduction in its monthly bond buys, to $65 billion.
The decision came at the end of a two-day meeting that
will mark the end of the Ben Bernanke era. Bernanke is
stepping aside as Chairman after eight years, replaced by
current Vice Chair Janet Yellen.
The HSBC China Manufacturing Purchasing Managers'
Index fell to a final reading of 49.5 in January from 50.5 in
December, HSBC Holdings PLC said on Thursday. A read-
ing below 50 in the gauge of nationwide manufacturing
indicates a contraction from the previous month and
above indicates expansion. New export orders declined for
the second straight month and production grew margin-
ally, The final reading was slightly lower than HSBC's
preliminary January PMI of 49.6 published on Jan. 23.
The preliminary figure is based on 85% to 90% of re-
sponses to its PMI survey
COMMODITY BUZZ AND ECONOMIC EVENTS
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30th JANUARY 2014
EPIC RESEARCH– ANALYST SPEAKS
SILVER
SILVER MCX Short term trend is up, Immediate support @ 45300 Immediate Resistance @ 44300 yesterday SILVER MCX
Closed @ 44405.Yesterday Intraday Range of SILVER MCX was 1230. Open Interest was down 17.37, Volumes were 33437
lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements.
BUY SILVER ABOVE 44750 TGTS 44950/45250 SL 44350
SELL SILVER BELOW 44100 TGTS 43900/43600SL 44450
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30th JANUARY 2014
EPIC RESEARCH– ANALYST SPEAKS
GOLD MCX:
GOLD MCX Short term trend is up, Immediate support @ 29350 Immediate Resistance @ 29900 GOLD MCX Closed
@ 29521 Yesterday Intraday Range of GOLD MCX was +494 Open Interest was down 4.24, Volumes were 17340lots.
For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements.
BUY GOLD ABOVE 29880 TGTS 29960/30060 SL 29760
SELL GOLD BELOW 29600 TGTS 29520/29420 SL 29720
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30th JANUARY 2014
EPIC RESEARCH– ANALYST SPEAKS
CASTORSEED
Castorseed Feb. looking sideways to bearish in daily chart. Momentum indicators also support bearishness. Profit
booking is continue in downside, but expecting price will go down. In intraday basis immediate support @ 4080 &
immediate resistance @ 4150.
BUY CASTORSEED FEB ABOVE 4150 TGTS 4180,4230 SL 4100
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
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30th JANUARY 2014
EPIC RESEARCH– ANALYST SPEAKS
DHANIYA
On Technical chart Dhaniya Feb. is in bullish trend where Dhaniya Feb. future has strong resistance at 8670. on in-
traday basis immediate support @ 8390 and immediate resistance @8495.Momentum indicators RSI and MACD is
above their mid range also support bullish trend in Dhaniya. Expecting that rising in price will continue in upcom-
ing trading session.
BUY DHANIYA FEB ABOVE 8495 TGTS 8525,8575 SL 8445
SELL DHANIYA FEB BELOW 8390 TGTS 8360,8310 SL 8440
RESISTANCE 1 8379.7
RESISTANCE 2 8439.3
PIVOT 8307.3
SUPPORT 1 8247.7
SUPPORT 2 8175.3
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30th JANUARY 2014
TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS
THURSDAY, JANUARY 30
ALL DAY SOUTH KOREA - LUNAR NEW YEAR
00:30 USD FOMC STATEMENT
00:30 USD INTEREST RATE DECISION 0.25% 0.25%
01:30 NZD INTEREST RATE DECISION 2.50% 2.50%
01:30 NZD RBNZ RATE STATEMENT
03:15 NZD BUILDING CONSENTS (MOM) -5.0% 11.1%
05:20 JPY RETAIL SALES (YOY) 3.8% 4.0%
05:30 AUD HIA NEW HOME SALES (MOM) 7.5%
07:15 CNY CHINESE HSBC MANUFACTURING PMI 49.6 49.6
13:30 EUR SPANISH GDP (QOQ) 0.3% 0.1%
13:30 CHF KOF LEADING INDICATORS 2.00 1.95
14:25 EUR GERMAN UNEMPLOYMENT CHANGE -5K -15K
14:25 EUR GERMAN UNEMPLOYMENT RATE 6.9% 6.9%
19:00 USD GDP (QOQ) 3.2% 4.1%
19:00 USD GDP PRICE INDEX (QOQ) 1.3% 2.0%
19:00 USD INITIAL JOBLESS CLAIMS 330K 326K
19:00 USD REAL CONSUMER SPENDING 2.0%
20:30 USD PENDING HOME SALES (MOM) 0.3% 0.2%
TODAY’S ECONOMIC EVENTS
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30th JANUARY 2014
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