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7th FEBRUARY 2014
DAILY COMMODITY REPORT
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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)
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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
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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
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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
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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
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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
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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
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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
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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
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7th FEBRUARY 2014
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