DAILY COMMODITY REPORT 11th APRIL 2014
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DAILY MARKET WRAPUP 11th APRIL 2014 COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
OI (in lots)
GOLD
05-JUN-14
28450
28814
28450
28781
+1.21
9346
SILVER
05-MAY-14
42817
43840
42817
43486
+1.82
13084
CRUDEOIL
21-APR-14
6235
6257
6210
6246
+0.16
9799
NATURALGAS
25-APR-14
276.7
284.1
272.6
283.4
+2.53
8364
COPPER
30-APR-14
403.7
406.9
403
406.45
+0.54
21064
LEAD
30-APR-14
125.75
127.9
125.6
127.75
+1.67
2961
NICKEL
30-APR-14
1010
1037.7
1010
1034.8
+2.64
9480
ZINC
30-APR-14
122.05
123.5
121.7
123.4
+1.31
1885
ALUMINIUM
30-APR-14
110.7
113
110.7
112.8
+1.85
3989
LME WAREHOUSE STOCKS (10-APRIL- 2014)
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METAL
TONNES IN STORAGE
ALUMINIUM
-3700
COPPER
-750
LEAD
UNCH
NICKEL
-1158
TIN
20
ZINC
-3150 Call us at +91-731-6642300
INTERNATIONAL MARKETS 11th APRIL 2014
PRECIOUS AND INDUSTRY METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1,319.70
+13.80
+1.06%
JUN 14
GOLD SPOT
USD/T OZ.
1,319.73
+0.78
+0.06%
N/A
COMEX SILVER
USD/T OZ.
20.01
+0.24
+1.21%
MAY 14
COMEX COPPER
USD/LB.
303.40
-0.30
-0.10%
MAY 14
PLATINUM SPOT
USD/T OZ.
1,457.13
+0.75
+0.05%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/BBL.
103.22
-0.38
-0.37%
MAY 14
CRUDE OIL (BRENT)
USD/BBL.
107.34
-0.12
-0.11%
MAY 14
RBOB GASOLINE
USD/GAL.
300.50
-0.34
-0.11%
MAY 14
NYMEX NATURAL GAS
USD/MMBTU
4.67
+0.01
+0.24%
MAY 14
NYMEX HEATING OIL
USD/GAL.
293.58
-1.82
-0.62%
MAY 14
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INTRADAY SUPPORT AND RESISTANCE 11th APRIL 2014
COMMODITY
EXPIRY
SUP.2
SUP.1
PIVOT
RES.1
RES.2
ALUMINIUM
30-APR
109.87
111.33
112.17
113.63
114.47
COPPER
30-APR
401.55
404.00
405.45
407.90
409.35
CRUDEOIL
21-APR
6191
6218
6238
6265
6285
GOLD
5-JUN
28318
28549
28682
28913
29046
LEAD
30-APR
124.78
126.27
127.08
128.57
129.38
NATURALGAS
25-APR
268.53
275.97
280.03
287.47
291.53
NICKEL
30-APR
999.8
1017.3
1027.5
1045.0
1055.2
SILVER
5-MAY
42358
42922
43381
43945
44404
ZINC
30-APR
121.07
122.23
122.87
124.03
124.67
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MOST ACTIVE CONTRACTS 11th APRIL 2014
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
SILVERMICRO
30-04-2014
43499.00
4,58,57,08,079.00
1,05,421
NATURAL GAS
25-04-2014
283.50
1,68,41,601.00
59,406
CRUDE OIL
21-04-2014
6245.00
31,17,56,645.00
49,921
SILVER M
30-04-2014
43494.00
2,05,91,79,936.00
47,344
NICKEL
30-04-2014
1035.00
3,47,72,895.00
33,597
COPPER
30-04-2014
406.40
1,13,43,030.40
27,911
SILVER
05-05-2014
43451.00
1,13,83,72,749.00
26,199
NICKELMINI
30-04-2014
1035.40
2,51,77,821.80
24,317
COPPERMINI
30-04-2014
406.30
88,63,840.80
21,816
LEADMINI
30-04-2014
127.80
20,56,557.60
16,092
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TODAY,S COMMODITY NEWS 11th APRIL 2014
COMMODITY HEADLINES Diamond trade looks towards Russia Silver up 2% on global cues Nickel up 1.2% on firm demand Iron ore exports from Paradip rises threefold in FY14 Iron ore export to spurt as Goa resumes mining Iron ore bear market deepens as Aussie mines expand Iron ore exports likely to double in FY15 Aluminium up 0.5% on firming overseas trend Jeera up 1.9% on spot demand Chana up 0.2% as demand picks up Sugar down 0.6% on profit-booking Oil prices rise as Ukraine fears resurface Cotton yarn exports face Chinese hurdle Differences abound over iron ore e-auctions in Karnataka Philippines in dialogue with India on rubber
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COMMODITY BUZZ AND ECONOMIC EVENTS 11th APRIL 2014
SPECIAL NEWS
COMMODITY BUZZ
The US Department of Labor reported that the advance figure
MCX Gold futures witnessed a strong rally yesterday, extending
for seasonally adjusted initial claims was 300,000 for the week
the recent break as geopolitical worries and prospects of easy
ending April 5, 2014, a decrease of 32,000 from the previous
money conditions continuing in the US supported the sentiments.
week's revised level. The last time initial claims were this low
The yellow metal jumped back soon above $1300 an ounce after
was May 12, 2007 when they were 297,000. The previous
tumbling below $1280 an ounce last week amid growing expecta-
week's level was revised up by 6,000 from 326,000 to 332,000.
tions that the Fed will raise interest rates sooner than expected.
The 4-week moving average was 316,250, a decrease of 4,750
COMEX Gold quotes at $1323, up $17.10 per ounce on the day.
from the previous week's revised average. The previous week's
MCX Gold futures are trading at Rs 28723, up Rs 306 per 10 grams
average was revised up by 1,500 from 319,500 to 321,000.
on the day or 1%. The open interest has spurted by 6%.
Agri commodity markets are benefiting from extension of fu-
Oil prices looked away from the standoff in Ukraine on Thursday
tures trading in the evening as it allows businesses and the
and fell on soft Chinese trade numbers and a weak U.S. supply re-
value chain participants to better manage price risk due to
port. On the New York Mercantile Exchange, West Texas Inter-
fluctuations in the international market, according to a latest
mediate crude oil for delivery in May traded at $103.40 a barrel
press release from the NCDEX. In the first week of evening
during U.S. trading, down 0.19%. New York-traded oil futures hit
trading, Soy oil, one of the most widely traded commodity,
a session low of $103.12 a barrel and a high of $103.80 a barrel.
reflected higher co-relation in prices (NCDEX-CBOT) post 5 pm. The co-relation reached 95% on some evenings. More
MCX Copper futures were trading on a flat note yesterday. The
than 1000 companies and individual traders through about
global copper prices stayed on edge following tepid foreign trade
300 broking houses participated in trading in the agri com-
data from China- the second largest economy in the world.
modities traded during the evening session.
China's March exports fall 6.6% vs. year earlier while the imports also dropped 11.3% vs. year earlier.
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EPIC RESEARCH– ANALYST SPEAKS 11th APRIL 2014
SILVER
SILVER MCX Short term trend is DOWN. Immediate support @ 43400. Immediate Resistance @ 43760. Yesterday SILVER MCX Closed @ 43486. Yesterday Intraday Range of SILVER MCX was 1023. Open Interest was -12.30 %, Volumes were 23660 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY SILVER(MAY) ABOVE 43560 TGTS 43760/44060 SL 43200 SELL SILVER(MAY) BELOW 43200 TGTS 43000/42700 SL 43550
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EPIC RESEARCH– ANALYST SPEAKS 11th APRIL 2014
GOLD
GOLD MCX Short term trend is down. Immediate support @ 28600. Immediate Resistance @ 28800. Today GOLD MCX Closed @ 27781. Yesterday Intraday Range of GOLD MCX was 334. Open Interest was UP+ 6.01 %, Volumes were 12450 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY GOLD(JUN) ABOVE 28790 TGTS 28870/28970 SL 28680 SELL GOLD(JUN) BELOW 28600 TGTS 28520/28420 SL 28710
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EPIC RESEARCH– ANALYST SPEAKS 11th APRIL 2014
DHANIYA
RESISTANCE 1
9925
RESISTANCE 2
9665
PIVOT
9465
SUPPORT 1
9265
SUPPORT 2
9125
Dhaniya daily chart shows bullish trend. once again dhaniya fall form upper level. RSI is in mid range. expecting from here onwards profit booking will continue in upcoming trading session. Immediate support @ 9370 & Immediate resistance @ 9450. BUY DHANIYA APR ABOVE 9450 TGTS 9480,9530 SL 9400 SELL DHANIYA APR BELOW 9370 TGTS 9340,9290 SL 9420
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EPIC RESEARCH– ANALYST SPEAKS 11th APRIL 2014
GUARSEED
RESISTANCE 1
4572
RESISTANCE 2
4548
PIVOT
4525
SUPPORT 1
4503
SUPPORT 2
4482
Guarseed April short term trend looking sideways to bearish in daily chart. Expecting from here onwards guarseed may go down Momentum indicators RSI is below mid range, signs bearishness In intraday basis immediate support @ 4510 & immediate resistance @ 4560. BUY GUARSEED APR ABOVE 4560 TGTS 4590,4640 SL 4510 SELL GUARSEED APR BELOW 4510 TGTS 4480,4430 SL 4560
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TODAY’S ECONOMIC EVENTS 11th APRIL 2014
FRIDAY, APRIL 11 TIME
COUNTRY
EVENT
05:20
JPY
MONETARY POLICY MEETING MINUTES
07:00
CNY
CHINESE CPI (YOY)
2.4%
2.5%
2.0%
07:00
CNY
CHINESE CPI (MOM)
-0.5%
-0.5%
0.5%
07:00
CNY
CHINESE PPI (YOY)
-2.3%
-2.2%
-2.0%
TENTATIVE
CNY
CHINESE NEW LOANS
1,000B
645B
18:00
USD
CORE PPI (MOM)
0.2%
-0.2%
18:00
USD
PPI (MOM)
0.1%
-0.1%
19:25
USD
MICHIGAN CONSUMER EXPECTATIONS
71.4
70.0
19:25
USD
MICHIGAN CONSUMER SENTIMENT
81.0
80.0
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