DAILY COMMODITY REPORT 1st APRIL 2014
Our Presence Epic Research India 411 Milinda Manor (Suites 409- 417)
HNI & NRI Sales Contact Australia
Toll Free Number
Mintara Road, Tarneit, Victoria. Post Code 3029
1-800-200-9454
Phone.: +61 422 063855
All queries should be directed to
2 RNT Marg. Opp Cental Mall Indore (M.P.)
Info@epicresearch.co
Hotline: +91 731 664 2300 Alternate: +91 731 664 2320 Or give us a missed call at 026 5309 0639 YOUR MINTVISORY
HNI & NRI Sales Contact USA 2117 Arbor Vista Dr. Charlotte (NC) Cell: +1 704 249 2315
Call us at +91-731-6642300
DAILY MARKET WRAPUP 1st APRIL 2014 COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
OI (in lots)
GOLD
05-APR-14
28448.00
28790.00
28363.00
28449.00
0.26
2206
SILVER
05-MAY-14
42701.00
43330.00
42701.00
42891.00
-0.91
14999
CRUDEOIL
21-APR-14
6106.00
6139.00
6076.00
6139.00
-0.36
8968
NATURALGAS
25-APR-14
269.10
270.70
261.70
272.70
-3.81
7064
COPPER
30-APR-14
404.70
405.45
402.95
401.25
0.69
19629
LEAD
31-MAR-14
124.30
124.75
124.05
125.15
-0.56
2011
NICKEL
31-MAR-14
948.50
959.90
946.10
952.00
0.69
5052
ZINC
31-MAR-14
119.00
120.15
118.25
119.50
0.17
1177
ALUMINIUM
31-MAR-14
104.45
106.25
104.30
103.80
2.36
2178
LME WAREHOUSE STOCKS 31-MAR- 2014)
YOUR MINTVISORY
METAL
TONNES IN STORAGE
ALUMINIUM
-5200
COPPER
-2025
LEAD
-50
NICKEL
-768
TIN
10
ZINC
2025 Call us at +91-731-6642300
INTERNATIONAL MARKETS 1st APRIL 2014
PRECIOUS AND INDUSTRY METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1,280.60
-3.20
-0.25%
JUN 14
GOLD SPOT
USD/T OZ.
1,281.95
-2.06
-0.16%
N/A
COMEX SILVER
USD/T OZ.
19.69
-0.11
-0.53%
MAY 14
COMEX COPPER
USD/LB.
303.25
+0.70
+0.23%
MAY 14
PLATINUM SPOT
USD/T OZ.
1,416.75
-0.81
-0.06%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/BBL.
101.37
-0.21
-0.21%
MAY 14
CRUDE OIL (BRENT)
USD/BBL.
107.70
-0.06
-0.06%
MAY 14
RBOB GASOLINE
USD/GAL.
290.95
-0.84
-0.29%
MAY 14
NYMEX NATURAL GAS
USD/MMBTU
4.36
-0.01
-0.16%
MAY 14
NYMEX HEATING OIL
USD/GAL.
292.74
-0.24
-0.08%
MAY 14
YOUR MINTVISORY
Call us at +91-731-6642300
INTRADAY SUPPORT AND RESISTANCE 1st APRIL 2014
COMMODITY
EXPIRY
SUP.3
SUP.2
SUP.1
PIVOT
RES.1
ALUMINIUM
30-Apr
103.58
104.92
105.63
106.97
107.68
COPPER
30-Apr
401.68
402.92
404.18
405.42
406.68
CRUDEOIL
21-Apr
6048
6084
6111
6147
6174
GOLD
5-Jun
27869
28007
28184
28322
28499
LEAD
30-Apr
123.70
124.05
124.40
124.75
125.10
NATURALGAS
25-Apr
255.97
259.23
264.97
268.23
273.97
NICKEL
30-Apr
941.2
950.0
955.0
963.8
968.8
SILVER
5-May
42316
42561
42945
43190
43574
ZINC
30-Apr
117.42
118.48
119.32
120.38
121.22
YOUR MINTVISORY
Call us at +91-731-6642300
MOST ACTIVE CONTRACTS 1st APRIL 2014
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
SILVERMICRO
30-04-2014
42837.00
2,95,46,82,075.00
68,975
CRUDE OIL
21-04-2014
6117.00
28,60,92,090.00
46,770
NATURAL GAS
25-04-2014
262.30
1,07,95,743.40
41,158
SILVER M
30-04-2014
42832.00
1,50,34,88,864.00
35,102
COPPER
30-04-2014
404.00
1,14,87,740.00
28,435
SILVER
05-05-2014
42810.00
75,66,66,750.00
17,675
COPPERMINI
30-04-2014
404.15
67,32,734.85
16,659
NICKEL
30-04-2014
958.60
1,16,92,044.20
12,197
GOLD M
04-04-2014
28440.00
34,08,24,960.00
11,984
GOLD PETAL
30-04-2014
2962.00
3,03,04,222.00
10,231
YOUR MINTVISORY
Call us at +91-731-6642300
TODAY,S COMMODITY NEWS 1st APRIL 2014
COMMODITY HEADLINES Jewellery sales on the rise as bullion price falls Gold hits six-month low on heavy selling Silver down 0.2% in futures trade Aluminium down 0.1% on global cues Copper down 0.2% on weak global cues Nickel up 0.8% on global cues, domestic demand Jeera up 0.2% on spot demand Sugar up 0.9% on strong summer season demand Refined soya oil up 0.2% on spot demand Oil prices mixed in Asia after strong US data Oil prices up in Asia on US data Crude prices rise in Asian trade India's crude oil imports up 23% on fuel demand Mentha oil up 0.2% on pick-up in demand Maharashtra to cut VAT
YOUR MINTVISORY
Call us at +91-731-6642300
COMMODITY BUZZ AND ECONOMIC EVENTS 1st APRIL 2014 SPECIAL NEWS
Euro area annual inflation is up by 0.5% in March 2014, down from 0.7% inFebruary, according to a flash estimate from Eurostat, the statistical office ofthe European Union. Looking at the main components of euro area inflation,services is expected to have the highest annual rate in March (1.1%, comparedwith 1.3% in February), followed by food, alcohol & tobacco (1.0%, comparedwith 1.5% in February), non-energy industrial goods (0.3%, compared with 0.4% inFebruary) and energy (2.1%, compared with -23% in February). Euro area coreinflation eased to 0.80% surge in March 2014, from 1% surge last month. Retail inflation, as measured by the Consumer Price Index (CPI), has fallen faster than expected in the last three months, from 11.2% in November 2013 to 8.1% this February, states a Crisil report. With CPI inflation now close to the RBI's official target of 8% for January 2015, we may have come to the end of the interest rate tightening cycle. Rates however, must remain on hold for now . First, the current fall in CPI inflation is almost entirely driven by declining inflation in vegetables, YOUR MINTVISORY
COMMODITY BUZZ Import of gold in the financial year which ended on Monday is estimated to have been at a six-year low of 557 tonnes, lowest after 2007-08. This follows imposition of stiff import curbs, including very high tariffs. Abroad, gold investors lost 19.4 per cent. In India, due to a slide in the rupee’s value (10.4 per cent) and the rise in duty and high premium for physical delivery, the fall in return was only to 3.2 per cent. This month, 35 tonnes of import was expected, taking the January-March quarter total to 90 tonnes, about 80 per cent more than the September-December quarter’s. Steel Market Intelligence GmbH, China produced 20.5 million tons of crude stainless steel in 2013 as global output totaled 40 million tons even if the market demand was very low and unstable price trend. China's production in 2013 was up 17% year-on-year and was over half of the world's stainless steel. The main reasons to make China's share of global stainless output increase was because many other stainless producers struggled with over-capacity and weak prices. the Federal Statistical Office (Destatis), retail turnover in February 2014 in Germany increased 2.0 % compared with the corresponding month of the previous year, Call us at +91-731-6642300
EPIC RESEARCH– ANALYST SPEAKS 1st APRIL 2014
SILVER
SILVER MCX Short term trend is DOWN, Immediate support @ 42200Immediate Resistance @ 43600 SILVER MCX Closed @42891.00 Yesterday Intraday Range of SILVER MCX was 629. Open Interest was down -0.92 %, Volumes were 16430 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY SILVER(MAY) ABOVE 43200 TGTS 43450/43850 SL BELOW 42800 SELL SILVER(MAY) BELOW 42790 TGTS 42540/42140 SL 43200 YOUR MINTVISORY
Call us at +91-731-6642300
EPIC RESEARCH– ANALYST SPEAKS 1st APRIL 2014
GOLD
GOLD MCX Short term trend is down, Immediate support @ 28000 Immediate Resistance @ 28700 GOLD MCX Closed @28449.00 Yesterday Intraday Range of GOLD MCX was 427. Open Interest was down -40.95 %, Volumes were 8110 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY GOLD(JUN) ABOVE 28230 TGTS 28310/28410 SL 28220 SELL GOLD(JUN) BELOW 28220 TGTS 28140/28040 SL 28330
YOUR MINTVISORY
Call us at +91-731-6642300
EPIC RESEARCH– ANALYST SPEAKS 1st APRIL 2014
GUARSEED
RESISTANCE 2
4770
RESISTANCE 1
4815
PIVOT
4750
SUPPORT 1
4670
SUPPORT 2
4615
Guarseed April short term trend looking sideways to bearish in daily chart. Momentum indicators is in mid range. In intraday basis immediate support @ 4710 & immediate resistance @ 4750. BUY GUARSEED APR ABOVE 4750 TGTS 4780,4830 SL 4710 SELL GUARSEED APR BELOW 4710 TGTS 4680,4630 SL 4760
YOUR MINTVISORY
Call us at +91-731-6642300
EPIC RESEARCH– ANALYST SPEAKS 1st APRIL 2014
DHANIYA
RESISTANCE 2
9660
RESISTANCE 1
9790
PIVOT
9510
SUPPORT 1
9270
SUPPORT 2
9010
On Technical chart Dhaniya apr is in bullish trend where dhaniya April future bounce back from nearest support level on intraday basis immediate support @ 9455 and immediate resistance @ 9555.Momentum indicators RSI and is above their mid range also support bullish trend in dhaniya. Expecting that rising in price will continue in upcoming trading session. BUY DHANIYA APR ABOVE 9555 TGTS 9585,9635 SL 9505 SELL DHANIYA APR BELOW 9455 TGTS 9425,9375 SL 9495
YOUR MINTVISORY
Call us at +91-731-6642300
TODAY’S ECONOMIC EVENTS 1st APRIL 2014
TUESDAY, APRIL 1 TIME
COUNTRY
EVENT
ACTUAL FORECAST PREVIOUS
04:00
AUD
AIG MANUFACTURING INDEX
47.9
04:30
KRW
SOUTH KOREAN CPI (YOY)
1.3%
1.4%
1.0%
05:20
JPY
TANKAN LARGE MANUFACTURERS INDEX
17
18
16
05:20
JPY
TANKAN LARGE NON-MANUFACTURERS INDEX
24
24
20
06:30
CNY
CHINESE MANUFACTURING PMI
50.3
50.3
50.2
07:15
CNY
CHINESE HSBC MANUFACTURING PMI
48.0
48.1
48.1
09:00
AUD
INTEREST RATE DECISION
2.50%
2.50%
09:00
AUD
RBA RATE STATEMENT
09:30
IDR
INDONESIA CORE INFLATION (YOY)
4.58%
4.57%
12:43
EUR
SPANISH MANUFACTURING PMI
52.4
52.5
13:00
CHF
SVME PMI
56.7
57.6
13:15
EUR
ITALIAN MANUFACTURING PMI
52.1
52.3
13:20
EUR
FRENCH MANUFACTURING PMI
51.9
51.9
13:25
EUR
GERMAN MANUFACTURING PMI
53.8
53.8
13:25
EUR
GERMAN UNEMPLOYMENT CHANGE
-10K
-14K
13:25
EUR
GERMAN UNEMPLOYMENT RATE
6.8%
6.8%
13:30
EUR
MANUFACTURING PMI
53.0
53.0
14:00
GBP
MANUFACTURING PMI
56.7
56.9
14:30
EUR
UNEMPLOYMENT RATE
12.0%
12.0%
18:00
CAD
RMPI (MOM)
3.0%
2.6%
19:30
USD
ISM MANUFACTURING EMPLOYMENT
52.8
52.3
19:30
USD
ISM MANUFACTURING PMI
54.0
53.2
YOUR MINTVISORY
48.6
Call us at +91-731-6642300
DISCLAIMER 1st APRIL 2014 The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most.
Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility.
The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE.
The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for. Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks.
We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.
YOUR MINTVISORY
Call us at +91-731-6642300