Daily commodity report_31_01_2014 by epic research

YOUR MINTVISORY Call us at +91-731-6642300

31th 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]


31th JANUARY 2014

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

GOLD 05 FEB 2014 29789.00 29820.00 29382.00 29738.00 -1.12 3972

SILVER 05 MAR 2014 44326.00 44450.00 43080.00 44405.00 -2.32 15737

CRUDE 19 FEB 2014 6140.00 6199.00 6133.00 6130.00 0.67 11482

NATURAL GAS 25 FEB 2014 323.30 343.80 318.20 321.10 -0.22 16042

COPPER 28 FEB 2014 451.25 453.85 446.35 452.85 -1.07 10689

NICKEL 31 JAN 2014 875.20 877.90 861.00 876.60 -1.75 3048

LEAD 31 JAN 2014 134.25 134.55 130.20 134.75 -2.30 2176

ZINC 31 JAN 2014 124.35 124.60 122.65 124.95 -1.28 1405

ALUMINIUM 31 JAN 2014 107.00 10715 105.10 107.15 -1.54 1510

DAILY MARKET WRAPUP

METAL TONNES IN STORAGE

ALUMINIUM -7000

COPPER -2600

LEAD -500

NICKEL 2286

ZINC -3225

LME WAREHOUSE STOCKS (30– JAN- 2014)


31th JANUARY 2014

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL (WTI) USD/BBL. 98.09 -0.14 -0.14% MAR 14

CRUDE OIL (BRENT) USD/BBL. 107.89 -0.06 -0.06% MAR 14

RBOB GASOLINE USD/GAL. 267.65 +1.39 +0.52% FEB 14

NYMEX NATURAL GAS USD/MMBTU 4.94 -0.07 -1.44% MAR 14

NYMEX HEATING OIL USD/GAL. 324.00 +2.30 +0.71% FEB 14

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1,242.00 -0.50 -0.04% APR 14

GOLD SPOT USD/T OZ. 1,242.40 -1.38 -0.11% N/A

COMEX SILVER USD/T OZ. 19.14 +0.01 +0.07% MAR 14

COMEX COPPER USD/LB. 321.85 -0.80 -0.25% MAR 14

PLATINUM SPOT USD/T OZ. 1,385.00 +2.62 +0.19% N/A

INTERNATIONAL MARKETS

ENERGY COMMODITY FUTURES

PRECIOUS AND INDUSTRY METALS


31th JANUARY 2014

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

ALUMINIUM 31-JAN 105.43 106.02 106.58 107.17 1689

COPPER 28-FEB 445.38 447.42 450.13 452.17 9435

CRUDEOIL 19-FEB 5985 6021 6076 6112 9943

GOLD 5-FEB 28949 29147 29443 29641 6240

LEAD 31-JAN 131.12 131.98 133.37 134.23 2251

NATURALGAS 25-FEB 290.03 296.77 308.93 315.67 16781

NICKEL 31-JAN 858.8 867.1 871.9 880.2 3734

SILVER 5-MAR 42578 43211 43808 44441 9977

ZINC 31-JAN 122.37 123.08 124.02 124.73 1268

INTRADAY SUPPORT AND RESISTANCE


31th JANUARY 2014

MOST ACTIVE CONTRACTS

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

NATURAL GAS 25-02-2014 320.40 4,85,52,775.20 1,51,538

SILVERMICRO 28-02-2014 43402.00 5,90,41,04,266.00 1,36,033

SILVER M 28-02-2014 43402.00 2,64,50,48,086.00 60,943

CRUDE OIL 19-02-2014 6171.00 34,37,86,410.00 55,710

SILVER 05-03-2014 43375.00 1,49,86,93,000.00 34,552

COPPER 28-02-2014 448.00 1,29,40,032.00 28,884

COPPERMINI 28-02-2014 448.05 93,02,862.15 20,763

LEADMINI 31-01-2014 131.65 22,28,176.25 16,925

GOLD M 05-02-2014 29510.00 44,52,76,390.00 15,089

GOLD 05-02-2014 29405.00 40,73,76,870.00 13,854


31th JANUARY 2014

TODAY,S COMMODITY NEWS

COMMODITY HEADLINES

Gold falls 1% as Fed taper weighs, China demand fades

Gold, silver tumble on stockists' selling

Silver down 0.6% on global cues, weak spot demand

Copper falls 0.26% on global cues, subdued demand

IEM owners face arrest over steel delivery default

MCX pulls mild steel contracts

Potato adds 1.5% on limited supply, high demand

Castorseed futures rise further on brisk buying

Cardamom surges 1.5% on strong demand

Oil rebounds in Asia on bargain hunting

Oil prices supported by dip in US distillate supplies

Mentha oil up 0.65% on pick up in spot demand

FMC may remove daily price caps, widen position limits


31th JANUARY 2014

SPECIAL NEWS

Spot gold was down 2.1 per cent at $1,242.60 an ounce

at 1503 GMT, while US gold futures for February de-

livery were down $20 an ounce at $1,242.20. Selling

accelerated as the metal broke support at $1,250 an

ounce, Orders were triggered below $1,250. The Fed-

eral Reserve reducing QE3 (third programme of quan-

titative easing) and US Q4 GDP were positive for the

dollar and the US economy in general. Wall Street also

rebounded at the open on Thursday after data showed

robust household spending and rising exports helped

the US economy to grow 3.2 per cent in the fourth

quarter.

SPDR Gold Trust, the world's largest gold-backed ex-

change-traded fund, saw a rare inflow of fresh invest-

ment on Wednesday. Holdings increased by 2.10 ton-

nes to 792.56 tonnes - though that figure is still near a

five-year low. In other precious metals, platinum fell

1.8 per cent to $1,382.24 an ounce, tracking losses in

gold. The metal drew little support from news that

South Africa's AMCU union had rejected a 9 per

COMMODITY BUZZ

Japan unemployment rate came at a seasonally adjusted

3.7 percent in December, the Ministry of Internal Affairs

and Communications said on Friday. The figure was down

from 4.0 percent in November. The job-to-applicant ra-

tion was 1.03, up from 1.00 in the previous month. The

participation rate was 59.0, down from 59.7 a month ear-

lier. The number of employed persons in December was

63.19 million, an increase of 910,000 or 1.5 percent on

year. The number of unemployed persons in December

was 2.25 million, a decrease of 340,000 or 13.1 percent on

year.

Industrial production in Japan was up a seasonally ad-

justed 1.1 percent on month in December, the Ministry of

Economy, Trade and Industry said on Friday, rising for

the first time in two months and following the 0.1 percent

contraction in November. On a yearly basis, industrial

production climbed 7.3 percent, up from 4.8 percent in

the previous month. For the fourth quarter, industrial

production was up 1.9 percent on quarter.

COMMODITY BUZZ AND ECONOMIC EVENTS


31th JANUARY 2014

EPIC RESEARCH– ANALYST SPEAKS

SILVER

SILVER MCX Short term trend is down, Immediate support @ 43050 Immediate Resistance @ 43750 SILVER MCX Closed

@ 43220 . Yesterday Intraday Range of SILVER MCX was 1370. Volumes were 36380 lots. For today Keep a close eye on US

data, volatility may Rule the overall Market due to USDINR Movements.

BUY SILVER ABOVE 43550 TGTS 43750/44050 SL 43150

SELL SILVER BELOW 43050 TGTS 42850/42550 SL 43400


31th JANUARY 2014


GOLD

GOLD MCX Short term trend is down, Immediate support @ 29250 Immediate Resistance @ 29450 yesterday GOLD

MCX Closed @ 29378 . Yesterday Intraday Range of GOLD MCX was 467 Volumes were 14400lots. For today Keep a

close eye on US data, volatility may Rule the overall Market due to USDINR Movements.

BUY GOLD ABOVE 29460 TGTS 29540/29640 SL 29340

SELL GOLD BELOW 29240 TGTS 29160/29060 SL 29360


31th JANUARY 2014


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 @ 4140 &

immediate resistance@ 4200.

BUY CASTORSEED FEB ABOVE 4200 TGTS 4230,4280 SL 4150

SELL CASTORSEEED FEB BELOW 4140 TGTS 4110,4060 SL 4190

RESISTANCE 1 4181.70

RESISTANCE 2 4256.30

PIVOT 4122.3

SUPPORT 1 4047.7

SUPPORT 2 3988.3


31th JANUARY 2014


DHANIYA

In Dhaniya daily chart, there is some profit booking in upper level, but signs bullish, continue in upcoming trading

session, fundamentally also Dhaniya is in bullish trend. Recommending buy on dips, momentum indicator RSI and

MACD are above from mid range have plus point of bullishness. Immediate support @ 8300 and immediate resis-

tance @ 8290.

BUY DHANIYA FEB ABOVE 8390 TGTS 8420,8470 SL 8340

SELL DHANIYA FEB BELOW 8300 TGTS 8270,8220 SL 8350

RESISTANCE 1 8379.7

RESISTANCE 2 8439.3

PIVOT 8307.3

SUPPORT 1 8247.7

SUPPORT 2 8175.3


31th JANUARY 2014

TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS

FRIDAY, JANUARY 31

ALL DAY HONG KONG - LUNAR NEW YEAR

ALL DAY CHINA - LUNAR NEW YEAR

ALL DAY SINGAPORE - CHINESE NEW YEAR

03:15 NZD TRADE BALANCE (YOY) -180M -250M

03:15 NZD TRADE BALANCE (MOM) 550M 183M

05:00 JPY HOUSEHOLD SPENDING (YOY) 1.2% 0.2%

05:00 JPY TOKYO CORE CPI (YOY) 0.7% 0.7%

05:00 JPY TOKYO CPI (YOY) 0.9%

05:20 JPY INDUSTRIAL PRODUCTION (MOM) 1.2% -0.1%

06:00 AUD PPI (QOQ) 0.9% 1.3%

06:00 AUD PRIVATE SECTOR CREDIT (MOM) 0.4% 0.3%

12:30 EUR GERMAN RETAIL SALES (MOM) 0.2% 1.5%

13:15 EUR FRENCH CONSUMER SPENDING (MOM) -0.4% 1.4%

15:30 EUR CORE CPI (YOY) 0.8% 0.7%

15:30 EUR CPI (YOY) 0.9% 0.8%

15:30 EUR UNEMPLOYMENT RATE 12.1% 12.1%

19:00 CAD GDP (QOQ) 0.7%

19:00 CAD GDP (MOM) 0.2% 0.3%

19:00 CAD GDP ANNUALIZED (QOQ) 2.7%

19:00 USD CORE PCE PRICE INDEX (MOM) 0.1% 0.1%

19:00 USD EMPLOYMENT COST INDEX (QOQ) 0.4% 0.4%

19:00 USD PERSONAL SPENDING (MOM) 0.2% 0.5%

20:15 USD CHICAGO PMI 59.0 59.1

20:25 USD MICHIGAN CONSUMER SENTIMENT 81.0 80.4

TODAY’S ECONOMIC EVENTS


31th JANUARY 2014

The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any re-

sponsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most.

Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up

on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility.

The information given herein should be treated as only factor, while making investment decision. The report does not provide individually

tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and

encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on

the information given in this report, which is in violation of rules and regulations of NSE and BSE.

The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all es-

timates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks

recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views ex-

pressed as a recommendation for which either the site or its owners or anyone can be held responsible for. Any surfing and reading of

the information is the acceptance of this disclaimer. All Rights Reserved.

Investment in equity & bullion market has its own risks.

We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any

financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer

to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our

calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then

Serious Legal Actions can be taken.

DISCLAIMER

Daily commodity report_31_01_2014 by epic research

Economy & Finance

Transcript of Daily commodity report_31_01_2014 by epic research