Daily commodity trading report 09 april -2014 by epic research

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09th APRIL 2014

DAILY COMMODITY REPORT

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09th APRIL 2014

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

GOLD 05-Jun-14 28398 28586 28397 28477 +0.56% 9063

SILVER 05-May-14 43300 43430 43165 43198 +0.26% 14183

COPPER 30-Apr-14 407.4 407.4 403.9 406.75 -0.20% 19427

CRUDEOIL 21-Apr-14 6060 6172 6060 6162 +1.92% 8137

NATURALGAS 25-Apr-14 272.1 274.7 269.4 273.6 +0.18% 8355

LEAD 30-Apr-14 123.75 124.9 123.55 124.8 +0.24% 2783

NICKEL 30-Apr-14 994 994.1 982.6 990.3 -0.74% 7201

ZINC 30-Apr-14 121.1 122.1 120.9 122 +0.66% 1667

ALUMINIUM 30-Apr-14 108.6 108.75 107.4 108.6 -0.23% 3275

DAILY MARKET WRAPUP

METAL TONNES IN STORAGE

ALUMINIUM 250

COPPER -1975

LEAD 375

NICKEL 588

TIN -75

ZINC -3050

LME WAREHOUSE STOCKS (08-APRIL- 2014)


09th APRIL 2014

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL (WTI) USD/BBL. 102.38 -0.18 -0.18% MAY 14

CRUDE OIL (BRENT) USD/BBL. 107.67 0.00 0.00% MAY 14

RBOB GASOLINE USD/GAL. 298.88 +0.87 +0.29% MAY 14

NYMEX NATURAL GAS USD/MMBTU 4.55 +0.02 +0.35% MAY 14

NYMEX HEATING OIL USD/GAL. 293.29 -0.15 -0.05% MAY 14

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1,312.50 +14.20 +1.09% JUN 14

GOLD SPOT USD/T OZ. 1,312.18 +3.52 +0.27% N/A

COMEX SILVER USD/T OZ. 20.05 +0.14 +0.69% MAY 14

COMEX COPPER USD/LB. 305.15 +1.20 +0.39% MAY 14

PLATINUM SPOT USD/T OZ. 1,443.88 +3.75 +0.26% N/A

INTERNATIONAL MARKETS

ENERGY COMMODITY FUTURES

PRECIOUS AND INDUSTRY METALS


09th APRIL 2014

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

ALUMINIUM 30-APR 108.6 107.75 108.25 109.10 109.60

COPPER 30-APR 406.75 404.63 406.02 408.13 409.52

CRUDEOIL 21-APR 6162 6091 6131 6203 6243

GOLD 5-JUN 28477 28387 28487 28576 28676

LEAD 30-APR 124.8 123.93 124.42 125.28 125.77

NATURALGAS 25-APR 273.6 270.43 272.57 275.73 277.87

NICKEL 30-APR 990.3 983.9 989.0 995.4 1000.5

SILVER 5-MAY 43198 43099 43264 43364 43529

ZINC 30-APR 122.0 121.23 121.67 122.43 122.87

INTRADAY SUPPORT AND RESISTANCE


09th APRIL 2014

MOST ACTIVE CONTRACTS

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

CRUDE OIL 21-04-2014 6164.00 25,83,33,240.00 41,910

NATURAL GAS 25-04-2014 273.70 85,60,241.20 31,276

SILVERMICRO 30-04-2014 43215.00 1,25,22,41,055.00 28,977

COPPER 30-04-2014 406.80 58,61,174.40 14,408

SILVER M 30-04-2014 43218.00 58,35,29,436.00 13,502

NICKEL 30-04-2014 990.60 1,25,75,667.00 12,695

COPPERMINI 30-04-2014 406.80 45,37,447.20 11,154

NICKELMINI 30-04-2014 990.60 1,02,67,569.00 10,365

SILVER 05-05-2014 43190.00 33,51,11,210.00 7,759

LEADMINI 30-04-2014 124.75 9,25,769.75 7,421


09th APRIL 2014

TODAY,S COMMODITY NEWS

COMMODITY HEADLINES

Oil Gold imports may hit 10-month high in March

RBI relaxes rough diamond import norms

ACE launches gold hedge contract

Govt reduces tariff value of gold, silver

Lead up 0.2% on strong spot demand

Nickel up 0.2% on spot demand

Copper down 0.7% on weak global cues

Shrimp farming boom in West Bengal as farmlands shrink

India's oilmeal exports see 11% fall in FY 14: SEA

India's agrochemical sector under severe stress on lower usage

Oil prices ease in Asian trade

Crude prices ease in Asia on profit taking

Sustaining farm sector growth amid fall in water availability

Mentha oil down 0.4% on sluggish demand

Crude oil down 0.2% on Asian cues


09th APRIL 2014

SPECIAL NEWS

The turnover of the Indian commodity futures market

dropped by a whopping 40.51% to Rs 101.41 lakh crore in

2013-14 from Rs 170.46 lakh crore in the previous fiscal, ac-

cording to the data from the Forward Market Commission.

MCX maintained its position as the leading futures exchange

in the country with a turnover of Rs 86.58 lakh crore- repre-

senting 85.38% of market share, followed by NCDEX having

turnover of Rs 11.44 lakh crore and NMCE Rs 1.52 lakh crore

in FY 14.

Gold for June delivery are trading up $3.3 at $ 1312.4 an

ounce on the Comex division of the New York Mercantile

Exchange. Yesterday, it climbed $10.80, or 0.8%, to settle at

$1,309.10 an ounce- its highest level since March

25.Yesterday, the May silver added 15 cents, or 0.8%, to

$20.057 an ounce, with prices closing at their highest since

March 24. Today, the traders will keep watch on the minutes

from the Federal Reserve's March policy meeting due to be

released later in the day. Weakness in the US dollar ahead of

the Fed’s March meeting and escalating tensions in the

Ukraine also boosted gold yesterday.

COMMODITY BUZZ

MCX Gold futures are expected to open on a positive note in the

evening trades today as the yellow metal continues to hold sway

in the global markets following its radical gains post the non

farm payrolls. The Yellow metal added to its gains today in the

electronic session even as the equities witnessed a mixed outing,

COMEX Gold is quoting at $1311.70, up $13.40 per ounce on the

day. MCX Gold futures closed at Rs 28356, up Rs 94 per 10 grams

on the day.

Gold futures extended gains in the Asia electronic trades today

as rising geopolitical tensions over Ukraine raised gold safe ha-

ven appeal. Gold found some support amid continued worries on

the Russia-Ukraine front even as equities delivered a diverse sig-

nal. The US stocks slumped heavily yesterday as a continued cor-

rection in high-growth stocks hurt sentiments. DOW followed

its drubbing on Friday with yet another thrashing yesterday,

closing lower by 167 points on the day or 1%. This kept the sen-

timents mixed in Asia though stocks in Hong Kong and China

rose on hopes Beijing will unveil new measures to boost the

mainland economy after last week's mini-stimulus.

COMMODITY BUZZ AND ECONOMIC EVENTS


09th APRIL 2014

EPIC RESEARCH– ANALYST SPEAKS

SILVER

SILVER MCX Short term trend is DOWN, Immediate support @ 43000. Immediate Resistance @ 43600. Yesterday SILVER MCX

Closed @ 43198. Yesterday Intraday Range of SILVER MCX was 205. Open Interest was UP +3.80 %, Volumes were 6240 lots. For

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

BUY SILVER(MAY) ABOVE 43600 TGTS 43800/44100 SL 43250

SELL SILVER(MAY) BELOW 43030 TGTS 42830/42530 SL 43350


09th APRIL 2014


GOLD

GOLD MCX Short term trend is down,. Immediate support @ 28350. Immediate Resistance @ 28600. Yesterday GOLD MCX

Closed @ 28477. Yesterday Intraday Range of GOLD MCX was 189. Open Interest was UP+ 4.58 %, Volumes were 5530 lots. For

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

BUY GOLD(JUN) ABOVE 28600 TGTS 28680/28780 SL 28480

SELL GOLD(JUN) BELOW 28350 TGTS 28270/28170 SL 28470


09th APRIL 2014


GUARSEED

Guarseed April short term trend looking sideways to bearish in daily chart. Momentum indicators RSI is in mid range.

In intraday basis immediate support @ 4710 & immediate resistance @ 4775.

BUY GUARSEED APR ABOVE 4610 TGTS 4640,4690 SL 4560

SELL GUARSEED APR BELOW 4550 TGTS 4520,4470 SL 4600

RESISTANCE 1 4765

RESISTANCE 2 4800

PIVOT 4750

SUPPORT 1 4705

SUPPORT 2 4680


09th APRIL 2014


DHANIYA

Dhaniya daily chart shows bullish trend, but it has not given closing above its resistance 9730 in daily chart, expecting profit

booking will continue in upcoming trading session.RSI is in mid range. Immediate support @ 9230 & Immediate resistance @

9350.

BUY DHANIYA APR ABOVE 9545 TGTS 9575,9525 SL 9495

SELL DHANIYA APR BELOW 9370 TGTS 9350,9300 SL 9420

RESISTANCE 1 9454

RESISTANCE 2 9597

PIVOT 9400

SUPPORT 1 9174

SUPPORT 2 9037


09th APRIL 2014

WEDNESDAY, APRIL 9

TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS

00:15 USD FOMC MEMBER PLOSSER SPEAKS

06:00 AUD WESTPAC CONSUMER SENTIMENT 0.3% -0.7%

07:00 AUD HOME LOANS (MOM) 2.3% 2.0% 0.0%

11:30 EUR GERMAN TRADE BALANCE 17.8B 17.2B

11:30 JPY BOJ MONTHLY REPORT

14:00 GBP TRADE BALANCE -9.20B -9.79B

17:30 BRL BRAZILIAN CPI (YOY) 6.08% 5.68%

18:30 MXN MEXICAN CPI (YOY) 3.79% 4.23%

23:30 USD FOMC MEETING MINUTES

TODAY’S ECONOMIC EVENTS


09th APRIL 2014

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Daily commodity trading report 09 april -2014 by epic research

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