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Page 1: Daily commodity report_07_feb_2014 by epic research

YOUR MINTVISORY Call us at +91-731-6642300

7th FEBRUARY 2014

DAILY COMMODITY REPORT

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Page 2: Daily commodity report_07_feb_2014 by epic research

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7th FEBRUARY 2014

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

GOLD 05 APR 2014 28680.00 28940.00 28627.00 28632.00 0.10 9914

SILVER 05 MAR 2014 44505.00 45020.00 44280.00 43557.00 2.10 11078

CRUDE 19 FEB 2014 6094.00 6182.00 6091.00 6075.00 0.69 10246

NATURAL GAS 25 FEB 2014 322.20 337.40 311.60 333.60 -6.03 13258

COPPER 28 FEB 2014 442.65 446.90 442.06 441.16 0.87 10984

NICKEL 28 FEB 2014 866.80 877.10 863.00 864.40 0.66 5729

LEAD 28 FEB 2014 130.85 131.80 130.35 130.70 0.73 3301

ZINC 28 FEB 2014 123.26 125.00 123.00 122.46 2.04 2635

ALUMINIUM 28 FEB 2014 104.85 105.60 104.46 104.05 1.01 4377

DAILY MARKET WRAPUP

METAL TONNES IN STORAGE

ALUMINIUM -8000

COPPER -1975

NICKEL 282

LEAD -500

ZINC -5450

LME WAREHOUSE STOCKS (06-FEB- 2014)

Page 3: Daily commodity report_07_feb_2014 by epic research

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7th FEBRUARY 2014

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL (WTI) USD/BBL. 97.82 -0.02 -0.02% MAR 14

CRUDE OIL (BRENT) USD/BBL. 107.42 +0.23 +0.21% MAR 14

RBOB GASOLINE USD/GAL. 269.14 +5.01 +1.90% MAR 14

NYMEX NATURAL GAS USD/MMBTU 4.99 +0.06 +1.28% MAR 14

NYMEX HEATING OIL USD/GAL. 300.66 +0.98 +0.33% MAR 14

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1,258.20 +1.00 +0.08% APR 14

GOLD SPOT USD/T OZ. 1,258.41 +0.21 +0.02% N/A

COMEX SILVER USD/T OZ. 19.87 -0.06 -0.32% MAR 14

COMEX COPPER USD/LB. 324.00 +1.10 +0.34% MAR 14

PLATINUM SPOT USD/T OZ. 1,378.63 +2.88 +0.17% N/A

INTERNATIONAL MARKETS

ENERGY COMMODITY FUTURES

PRECIOUS AND INDUSTRY METALS

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7th FEBRUARY 2014

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

ALUMINIUM 28-FEB 103.65 104.40 104.95 105.70 106.25

COPPER 28-FEB 438.77 440.08 442.52 443.83 446.27

CRUDEOIL 19-FEB 6019 6056 6105 6142 6191

GOLD 5-APR 28428 28571 28826 28969 29224

LEAD 28-FEB 129.60 130.20 131.20 131.80 132.80

NATURALGAS 25-FEB 298.43 311.47 335.43 348.47 372.43

NICKEL 28-FEB 854.1 859.3 868.1 873.3 882.1

SILVER 5-MAR 43011 43702 44462 45153 45913

ZINC 28-FEB 121.98 122.67 123.28 123.97 124.58

INTRADAY SUPPORT AND RESISTANCE

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7th FEBRUARY 2014

MOST ACTIVE CONTRACTS

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

NATURAL GAS 25-02-2014 313.50 4,94,64,030.00 1,57,780

SILVERMICRO 28-02-2014 44490.00 5,15,89,71,420.00 1,15,958

SILVER M 28-02-2014 44496.00 2,51,33,56,560.00 56,485

CRUDE OIL 19-02-2014 6117.00 33,31,86,873.00 54,469

SILVER 05-03-2014 44471.00 1,11,89,79,302.00 25,162

COPPER 28-02-2014 445.00 1,03,87,635.00 23,343

LEADMINI 28-02-2014 131.65 24,42,370.80 18,552

NICKEL 28-02-2014 870.10 1,59,69,815.40 18,354

COPPERMINI 28-02-2014 445.10 80,35,835.40 18,054

GOLD M 05-03-2014 29250.00 51,82,80,750.00 17,719

Page 6: Daily commodity report_07_feb_2014 by epic research

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7th FEBRUARY 2014

TODAY,S COMMODITY NEWS

COMMODITY HEADLINES Gold up 0.3% on global cues Silver up 0.9% on higher global cues Import duty on gold, medical equipments and set up boxes may come down in interim budget Nickel up 0.4% on global cues, spot demand Copper up 0.3% as demand picks up, global cues Crude oil up 0.6% on overseas cues World food prices drop to 19-month low Potato up 2% as demand picks up, tight supply Refined soya up 0.7% on strong demand Crude oil down 0.18% on mixed Asian cues Oil prices down in Asia on weak Chinese data Natural stone exports set to drop 15% in FY14 Mentha oil up 0.2% on good demand, tight supply Apparel sector lags in winter-wear exports MCX Crude Breaks Above Rs 6100 On Good Buying

Page 7: Daily commodity report_07_feb_2014 by epic research

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7th FEBRUARY 2014

SPECIAL NEWS

Global food prices decreased for the first time in

three months in January, reflecting lower prices of

cereals, sugars, oils and meat, a report published by

the Food and Agricultural Organization (FAO)

reveled Thursday. The FAO food price index,

which measures changes in prices of internation-

ally traded food commodities, decreased 1.3 per-

cent month-on-month in January. Sugar price

dropped 5.6 percent during the month, and costs

of vegetable oils fell 3.8 percent. Cereal prices

were down by 1.6 percent than in December.

Meat prices also declined modestly during the

month. Offsetting these declines partially, diary

prices advanced 1.3 percent.

The Bank of England's monetary policy committee

today voted to maintain bank rate at 0.5% and also

decided to maintain the stock of purchased assets

financed by the issuance of central bank reserves

at £375 billion.

COMMODITY BUZZ

MCX Crude oil futures edged up amid a supportive

global scenario and topped highs above Rs 6100 per

barrel. Global crude oil prices extended their recent

recovery and witnessed good buying today. The WTI

Crude oil futures are trading at $98.15, up 77 cents

per barrel on the day. MCX Crude oil futures are trad-

ing at Rs 6129, up Rs 36 per barrel on the day or

0.59% with 10% increase in the open interest.

European stocks have started on a positive note yes-

terday and the positive momentum is likely to support

gold prices. The US dollar also gave up some of its re-

cent gains and supported the gold prices. it will trim

monthly bond buying by $10 billion after deciding in

December to reduce purchases by the same amount as

the economy improved. The Deutsche Bundesbank

reported today that German factory orders increased

6% annually in December, lower than the 7.2% in-

crease reported in November. On a monthly basis,

factory orders fell 0.5% in December.

COMMODITY BUZZ AND ECONOMIC EVENTS

Page 8: Daily commodity report_07_feb_2014 by epic research

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7th FEBRUARY 2014

EPIC RESEARCH– ANALYST SPEAKS

SILVER

SILVER MCX Short term trend is UP, Immediate support @ 44950 Immediate Resistance @ 45250 SILVER MCX Closed @

43557.00 . Yesterday Intraday Range of SILVER MCX was 740. Volumes were 25230 lots. For today Keep a close eye on US

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

BUY SILVER ABOVE 44700 TGTS 44900/45200 SL 44300

SELL SILVER BELOW 44300 TGTS 44100/43800 SL 44700

Page 9: Daily commodity report_07_feb_2014 by epic research

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7th FEBRUARY 2014

EPIC RESEARCH– ANALYST SPEAKS

GOLD

GOLD MCX Short term trend is UP, Immediate support @ 28600 Immediate Resistance @ 29000 GOLD MCX Closed

@ 28632 . Yesterday Intraday Range of GOLD MCX was 313 Volumes were 15280 lots. For today Keep a close eye on

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

BUY GOLD(APR) ABOVE 28900 TGTS 28980/29080 SL 28780

SELL GOLD(APR) BELOW 28600 TGTS 28520/28420 SL 28720

Page 10: Daily commodity report_07_feb_2014 by epic research

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EPIC RESEARCH– ANALYST SPEAKS

CASTORSEED

Castorseed Feb. is looking sideways to bearish in daily chart. Momentum indicators also support bearish-

ness, recommending sell on high. In Intraday basis nearest support @ 3975 & nearest resistance @ 4050.

BUY CASTORSEED FEB ABOVE 4050 TGTS 4080,4130 SL 4000

SELL CASTORSEED FEB BELOW 3975 TGTS 3945,3895 SL 4025

RESISTANCE 1 4167.7

RESISTANCE 2 4227.3

PIVOT 4114.3

SUPPORT 1 4054.7

SUPPORT 2 4001.3

Page 11: Daily commodity report_07_feb_2014 by epic research

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7th FEBRUARY 2014

EPIC RESEARCH– ANALYST SPEAKS

DHANIYA

Daily chart of Dhaniya shows bullishness and it will continue its rally from nearest support level toupper side.

Fundamentally also Dhaniya is in bullish trend. Recommending buy on dips, momen-

tum indicator RSI taking support of mid range, Again signs bullishness. Immediate sup-

port @ 8095 and immediate resistance @ 8235.

BUY DHANIYA FEB ABOVE 8235 TGTS 8265,8315 SL 8185

SELL DHANIYA FEB ABOVE 8095 TGTS 8065,8015 SL 8145

RESISTANCE 1 8984.7

RESISTANCE 2 9066.3

PIVOT 8928.3

SUPPORT 1 8846.7

SUPPORT 2 8790.3

Page 12: Daily commodity report_07_feb_2014 by epic research

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7th FEBRUARY 2014

TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS

FRIDAY, FEBRUARY 7

00:00 JPY LEADING INDEX 110.8

02:00 EUR GERMAN TRADE BALANCE 17.3B 17.8B

02:45 EUR FRENCH GOVERNMENT BUDGET BALANCE -80.0B -87.0B

02:45 EUR FRENCH TRADE BALANCE -5.0B -5.7B

03:00 EUR SPANISH INDUSTRIAL PRODUCTION (YOY) 0.5% 2.6%

03:15 CHF RETAIL SALES (YOY) 3.9% 4.2%

04:30 GBP INDUSTRIAL PRODUCTION (YOY) 2.3% 2.5%

04:30 GBP INDUSTRIAL PRODUCTION (MOM) 0.6% 0.0%

04:30 GBP MANUFACTURING PRODUCTION (YOY) 2.3% 2.8%

04:30 GBP MANUFACTURING PRODUCTION (MOM) 0.6% 0.0%

04:30 GBP TRADE BALANCE -9.30B -9.44B

06:00 BRL BRAZILIAN CPI (YOY) 5.67% 5.91%

06:00 EUR GERMAN INDUSTRIAL PRODUCTION (MOM) 0.5% 1.9%

06:30 INR INDIAN BANK LOAN GROWTH 14.80%

06:30 INR INDIAN FX RESERVES, USD 292.24B

TODAY’S ECONOMIC EVENTS

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7th FEBRUARY 2014

TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS

FRIDAY, FEBRUARY 7

08:30 CAD EMPLOYMENT CHANGE 20.0K -45.9K

08:30 CAD FULL EMPLOYMENT CHANGE -60.0K

08:30 CAD PART TIME EMPLOYMENT CHANGE 14.2K

08:30 CAD PARTICIPATION RATE 66.00% 66.40%

08:30 CAD UNEMPLOYMENT RATE 7.0% 7.2%

08:30 USD AVERAGE HOURLY EARNINGS (MOM) 0.2% 0.1%

08:30 USD AVERAGE WEEKLY HOURS 34.4 34.4

08:30 USD NONFARM PAYROLLS 185K 74K

08:30 USD PRIVATE NONFARM PAYROLLS 185K 87K

08:30 USD UNEMPLOYMENT RATE 6.7% 6.7%

09:00 MXN MEXICAN CPI (YOY) 4.56% 3.97%

10:00 GBP NIESR GDP ESTIMATE 0.7%

10:30 USD ECRI WEEKLY ANNUALIZED (WOW) 4.3%

15:00 USD CONSUMER CREDIT 12.00B 12.32B

TODAY’S ECONOMIC EVENTS

Page 14: Daily commodity report_07_feb_2014 by epic research

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7th FEBRUARY 2014

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