EPIC RESEARCH Daily Commodity Report 19_Nov_2014

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YOUR MINTVISORY Call us at +91-731-6642300 19th Nov 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 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]

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Transcript of EPIC RESEARCH Daily Commodity Report 19_Nov_2014

Page 1: EPIC RESEARCH Daily Commodity Report 19_Nov_2014

YOUR MINTVISORY Call us at +91-731-6642300

19th Nov 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

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]

Page 2: EPIC RESEARCH Daily Commodity Report 19_Nov_2014

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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)

Page 3: EPIC RESEARCH Daily Commodity Report 19_Nov_2014

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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

Page 4: EPIC RESEARCH Daily Commodity Report 19_Nov_2014

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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

Page 5: EPIC RESEARCH Daily Commodity Report 19_Nov_2014

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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

Page 6: EPIC RESEARCH Daily Commodity Report 19_Nov_2014

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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.

Page 7: EPIC RESEARCH Daily Commodity Report 19_Nov_2014

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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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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

Page 9: EPIC RESEARCH Daily Commodity Report 19_Nov_2014

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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

Page 10: EPIC RESEARCH Daily Commodity Report 19_Nov_2014

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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

Page 11: EPIC RESEARCH Daily Commodity Report 19_Nov_2014

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19th Nov 2014

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19th Nov 2014