EPIC RESEARCH Daily Commodity Report 19_Nov_2014
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Transcript of EPIC RESEARCH Daily Commodity Report 19_Nov_2014
YOUR MINTVISORY Call us at +91-731-6642300
19th Nov 2014
DAILY COMMODITY REPORT
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19th Nov 2014
COMMODITY CONTRACT OPEN PRICE HIGH LOW CLOSE PRICE OI (in lots)
GOLD 5-Dec-14 26426 26774 26392 26596 8477
SILVER 5-Dec-14 35661 36380 35661 35804 15372
COPPER 28-Nov-14 414.65 415.3 408.8 409.25 10841
CRUDEOIL 19-Nov-14 4666 4723 4587 4607 11825
LEAD 28-Nov-14 125.8 126.05 124.15 124.7 2529
NICKEL 28-Nov-14 972.2 979.4 958.4 962 4657
NATURALGAS 24-Nov-14 263 267.8 256.9 264.2 7943
ZINC 28-Nov-14 138.9 139.6 138.15 138.65 3669
ALUMINIUM 28-Nov-14 126.35 126.35 124.5 124.95 6370
DAILY MARKET WRAPUP
METAL TONNES IN STORAGE
ALUMINIUM -250
COPPER 1300
LEAD -25
NICKEL 432
ZINC -2375
LME WAREHOUSE STOCKS (18-Nov- 2014)
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19th Nov 2014
COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT
Crude Oil (WTI) USD/bbl. 74.32 -0.29 -0.39% Dec 14
Crude Oil (Brent) USD/bbl. 78.52 +0.05 +0.06% Jan 15
RBOB Gasoline USd/gal. 204.13 -0.19 -0.09% Dec 14
NYMEX Natural Gas USD/MMBtu 4.27 +0.02 +0.52% Dec 14
NYMEX Heating Oil USd/gal. 238.88 +0.75 +0.31% Dec 14
COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT
COMEX Gold USD/t oz. 1,191.50 -5.60 -0.47% Dec 14
Gold Spot USD/t oz. 1,193.28 -3.80 -0.32% N/A
COMEX Silver USD/t oz. 16.09 -0.09 -0.55% Dec 14
COMEX Copper USd/lb. 299.95 +0.75 +0.25% Mar 15
Platinum Spot USD/t oz. 1,199.25 -7.00 -0.58% N/A
INTERNATIONAL MARKETS
ENERGY COMMODITY FUTURES
PRECIOUS AND INDUSTRY METALS
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19th Nov 2014
MOST ACTIVE CONTRACTS
Symbol Expiry Date LTP Value (In Lacs) Volume (In Lots)
CRUDE OIL 19-11-2014 4600.00 44,38,49,400.00 96,489
SILVERMICRO 28-11-2014 35850.00 2,87,71,41,750.00 80,255
NATURAL GAS 24-11-2014 261.10 2,06,49,093.50 79,085
SILVER M 28-11-2014 35845.00 1,64,37,08,320.00 45,856
SILVER 05-12-2014 35827.00 99,56,68,157.00 27,791
COPPER 28-11-2014 409.90 1,06,51,661.40 25,986
GOLD M 05-12-2014 26570.00 62,22,69,400.00 23,420
NICKEL 28-11-2014 963.50 2,15,57,349.00 22,374
COPPERMINI 28-11-2014 409.90 81,80,374.30 19,957
NICKELMINI 28-11-2014 963.10 1,89,05,653.00 19,630
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19th Nov 2014
COMMODITY EXPIRY SUP.2 SUP.1 PIVOT RES.1 RES.2
ALUMINIUM 28-Nov 123.42 124.18 125.27 126.03 127.12
COPPER 28-Nov 404.62 406.93 411.12 413.43 417.62
CRUDEOIL 19-Nov 4503 4555 4639 4691 4775
GOLD 5-Dec 26205 26401 26587 26783 26969
LEAD 28-Nov 123.07 123.88 124.97 125.78 126.87
NATURALGAS 24-Nov 252.07 258.13 262.97 269.03 273.87
NICKEL 28-Nov 945.6 953.8 966.6 974.8 987.6
SILVER 5-Dec 35229 35517 35948 36236 36667
ZINC 28-Nov 137.35 138.00 138.80 139.45 140.25
INTRADAY SUPPORT AND RESISTANCE
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19th Nov 2014
COMMODITY NEWS
COMMODITY HEADLINES
Gold hits $1200/ oz after three weeks of downturn.
Gold recovers on wedding season demand; global cues.
Govt to take steps to curb gold imports soon.
Zinc down by 0.2% on subdued demand.
Copper falls by 0.3% on weak global cues.
Nickel down by 0.5% on global trends.
Crude oil down marginally on weak Asian cues.
Crude oil falls by 0.1% on weak Asian cues.
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19th Nov 2014
SPECIAL NEWS
A measure of German economic confidence edged higher
for the first time in last one year, indicating that the coun-
try's economy may be starting to turn around after months
of concerns about Europe's largest economy, noted the
ZEW institute. The ZEW lead expectations indicator was
11.5 in November, after -3.6 in October. It was the first in-
crease in the index since December of last year. It strongly
beat economists'expectations of a rise to 0.9 in a Dow Jones
survey of analysts. The ZEW warned that conditions re-
main uncertain and signaled that global flash points remain
a concern. There cent growth figures for the euro area sug-
gest that the economy is stabilizing .
ZEW's Indicator of Economic Sentiment for the Euro zone
has increased by 6.9 points in November to a reading of
11.0 points. The indicator for the current economic situa-
tion in the euro area has decreased by 2.9 points to a value
of minus 59.7 points .
COMMODITY BUZZ
The sudden decline in the Japanese growth this month
and shift to recession has trimmed the prospects for Cop-
per. The prices of MCX Copper slipped below Rs 410 per
kg, but with a very dull volume. COMEX Copper also
traded in red and was 3 cents down on Tuesday .
Gold jumped on weak dollar against major currencies
amid bargain buying in the Yellow metal on reports of
massive surge in India's gold imports. The COMEX Gold
futures gained above three weeks high of $1,200 mark, af-
ter falling near $1,130 mark earlier this month.
The Euro currency gained against the US Dollar on strong
economic data released from Euro zone. Euro quotes at
$1.2519, up 0.55% and the US dollar index slipped and
trades at 87.64, down 0.41% over last day. The ZEW's In-
dicator of Economic Sentiment for the Euro zone has in-
creased by 6.9 points in November to a reading of 11.0
points. The indicator for the current economic situation in
the euro area has decreased by 2.9 points to a value of mi-
nus 59.7 points. The German ZEW lead expectations indi-
cator was 11.5 in November, after -3.6 in October. It was
the first increase in the index since December of last year.
The ZEW indicator of current conditions rose to 3.3 in
November from 3.2 in the previous month.
COMMODITY BUZZ AND ECONOMIC EVENTS
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19th Nov 2014
EPIC RESEARCH– ANALYST SPEAKS
GOLD
Major movement in GOLD MCX short term trend is up , GOLD MCX CLOSED @26596. Gold Recover from bottom @26392 , go
upside till 26774.for keep a close eye on US data, Volatility may Rule the overall market due to USD/INR MOVEMENTS
BUY GOLD DEC ABOVE 26650 TGTS 26750,26850 SL BELOW 26560
SELL GOLD DEC BELOW 26500 TGTS 26420,26320 SL ABOVE 26580
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19th Nov 2014
EPIC RESEARCH– ANALYST SPEAKS
SILVER
Major movement in SILVER MCX Short term trend is up, SILVER MCX CLOSED @35804. Silver Recover from bottom @ 35661,
go upside till 36380 for keep a close eye on US data, Volatility may Rule the overall market due to USD/INR MOVEMENTS .
BUY SILVER DEC ABOVE 36000 TGTS 36200,36500 SL BELOW 35700
SELL SILVER DEC BELOW 35650 TGTS 35450,35150 SL ABOVE 35950
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19th Nov 2014
WEDNESDAY, NOV 19
TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS
15:00 GBP BOE MPC VOTE CUT (NOV) - 0 0
15:00 GBP BOE MPC VOTE HIKE (NOV) - 2 2
15:00 GBP BOE MPC VOTE UNCHANGED (NOV) - 7 7
15:00 GBP MPC MEETING MINUTES - - -
19:00 USD BUILDING PERMITS (MOM) (OCT) - 0.9% 1.5%
19:00 USD BUILDING PERMITS (OCT) - 1.040M 1.018M
19:00 USD HOUSING STARTS (MOM) (OCT) - 0.8% 6.3%
19:00 USD HOUSING STARTS (OCT) - 1.025M 1.017M
TODAY’S ECONOMIC EVENTS
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19th Nov 2014
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19th Nov 2014