DAILY COMMODITY REPORT 21st APRIL 2014
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DAILY MARKET WRAPUP 21st APRIL 2014 COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
OI (in lots)
GOLD
05-JUN-14
28550
28617
28460
28505
-0.34
9392
SILVER
05-MAY-14
42336
42570
42166
42377
-0.14
14663
CRUDEOIL
21-APR-14
6252
6318
6246
6287
0.59
7915
NATURALGAS
25-APR-14
274.2
286.5
271.1
285.5
3.94
8406
COPPER
30-APR-14
405.5
407.8
403.75
407.4
0.65
18095
LEAD
30-APR-14
128.35
129.1
127.75
128.8
0.27
2603
NICKEL
30-APR-14
1081.5
1090.5
1071.5
1083.3
0.52
8592
ZINC
30-APR-14
124.2
124.8
123.8
124.25
-0.04
1700
ALUMINIUM
30-APR-14
111.3
112
110.3
111
-0.36
2782
LME WAREHOUSE STOCKS (17-APRIL-2014)
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METAL
TONNES IN STORAGE
ALUMINIUM
-10450
COPPER
-475
LEAD
-225
NICKEL
-1266
TIN
55
ZINC
-3325 Call us at +91-731-6642300
INTERNATIONAL MARKETS 21st APRIL 2014
PRECIOUS AND INDUSTRY METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1,290.00
-3.90
-0.30%
JUN 14
GOLD SPOT
USD/T OZ.
1,287.35
-6.95
-0.54%
N/A
COMEX SILVER
USD/T OZ.
19.37
-0.23
-1.15%
MAY 14
COMEX COPPER
USD/LB.
302.85
-0.55
-0.18%
JUL 14
PLATINUM SPOT
USD/T OZ.
1,413.00
-1.00
-0.07%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/BBL.
104.02
-0.28
-0.27%
MAY 14
CRUDE OIL (BRENT)
USD/BBL.
109.12
-0.41
-0.37%
JUN 14
RBOB GASOLINE
USD/GAL.
304.81
-0.66
-0.22%
MAY 14
NYMEX NATURAL GAS
USD/MMBTU
4.74
-0.01
-0.13%
MAY 14
NYMEX HEATING OIL
USD/GAL.
300.10
-0.72
-0.24%
MAY 14
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INTRADAY SUPPORT AND RESISTANCE 21st APRIL 2014
COMMODITY
EXPIRY
SUP.2
SUP.1
PIVOT
RES.1
RES.2
ALUMINIUM
30-APR
109.40
110.20
111.10
111.90
112.80
COPPER
30-APR
402.27
404.83
406.32
408.88
410.37
CRUDEOIL
19-MAY
6200
6233
6267
6300
6334
GOLD
5-JUN
28370
28438
28527
28595
28684
LEAD
30-APR
127.20
128.00
128.55
129.35
129.90
NATURALGAS
25-APR
265.63
275.57
281.03
290.97
296.43
NICKEL
30-APR
1062.8
1073.0
1081.8
1092.0
1100.8
SILVER
5-MAY
41967
42172
42371
42576
42775
ZINC
30-APR
123.28
123.77
124.28
124.77
125.28
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MOST ACTIVE CONTRACTS 21st APRIL 2014
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
NATURAL GAS
25-04-2014
285.20
1,77,55,126.00
62,255
CRUDE OIL
21-04-2014
6287.00
37,42,96,545.00
59,535
SILVERMICRO
30-04-2014
42390.00
2,31,71,22,180.00
54,662
NICKEL
30-04-2014
1084.70
3,51,22,586.00
32,380
SILVER M
30-04-2014
42382.00
1,18,52,55,012.00
27,966
NICKELMINI
30-04-2014
1084.30
2,70,86,898.30
24,981
COPPER
30-04-2014
407.35
90,10,174.65
22,119
COPPERMINI
30-04-2014
407.40
73,26,681.60
17,984
SILVER
05-05-2014
42355.00
71,32,58,200.00
16,840
LEADMINI
30-04-2014
128.75
18,93,140.00
14,704
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TODAY,S COMMODITY NEWS 21st APRIL 2014
COMMODITY HEADLINES Surat diamantaires' co-operative dream lies shattered Unofficial gold imports rose 75% in 2013: Survey Silver down 0.5% on weak global cues Official gold supply dries up further Copper prices may fall below $ 7,000/tonne on oversupply Copper no longer metals' bellwether Lead down 0.2% on global cues, subdued spot demand Zinc down 0.3% on overseas cues Jaggery prices shoot up, in line with those of sugar Sugar exports: Industry restive over delays in subsidy revision Sugar output down 4%, says Isma Oil at 6-week high on Ukraine crisis Oil rises toward $110 as Ukraine tension rises Oil prices mixed after weak Chinese GDP data Iron ore production yet to pick up in Karnataka
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COMMODITY BUZZ AND ECONOMIC EVENTS 21st APRIL 2014 SPECIAL NEWS
The Industrial Production of China is giving strength to the base metals that are linked with the growth. China being the consumer of major metals plays a active role in the demand determination of the markets. The report from National Bureau of Statistics released showed that China's industrial value added expanded by 8.8% in March from an average growth of 8.6% in the Jan-Feb period. The value added of state-owned enterprises saw a 4.6%- growth year on year in March, while that of joint stock companies expanded by 10.1%. Last month, the value added of the manufacturing sector grew by 9.9 , while that of the mining industry grew by 2.9% . Germany's producer prices dropped for an eighth successive month in March and at a faster than expected pace, data from Destatis showed Thursday. The PPI fell 0.9% year-onyear in March, same as in February. Producer prices have declined every month since August last year and the biggest fall in the cycle was in January, when they dropped 1.1%. Gold stayed lower on Thursday due to profit selling amid China demand concerns for the current year. Weekly jobless claims and Philadelphia Fed manufacturing survey for March are major economic events scheduled to released.
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COMMODITY BUZZ Unofficial inflow’ of gold into India was estimated at 178.7 tonnes in 2013, about 75% higher compared to the 104 tonnes in 2012. This follows the several restrictions of official import, such as a 10.3% tariff and a legal compulsion to export 20% of any imported gold. GFMS estimated the total gross gold import in 2013 at 961.7 tonnes, a tenth lower than the previous year. The govt’s curbs were after a rise in gold import to $56 bn in 2012-13; this was held to be putting undue pressure on the current account deficit. MCX Crude oil futures came off their highs following a slight moderation in global prices. The commodity had stayed supported earlier in the session as concerns over clashes between pro-Russia militants and Ukrainian forces continued to feed worries over global oil supplies. The quick recovery in the COMEX Copper seen on Wednesday and which is continuing on Thursday is due to the prices slowing down to the levels of production cost. The metal is produced at $ 2.8 to $ 3 per pound in various mines across the globe. In brief moment last session the prices of COMEX Copper moved below $3 before recover.
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EPIC RESEARCH– ANALYST SPEAKS 21st APRIL 2014
SILVER
Silver price have reversed after taking resistance of 42800 level. But MACD is in a buy mode. We expect prices to correct up to levels of 43800 level soon. BUY SILVER(MAY) ABOVE 42700 TGTS 42950/43300 SL 42400 SELL SILVER(MAY) BELOW 42100 TGTS 41850/41500 SL 42400
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EPIC RESEARCH– ANALYST SPEAKS 21st APRIL 2014
GOLD
MCX Gold have reversed after taking support of 28200 level. RSI and MACD is in buy mode. We expect prices to recover up to levels of 28800. BUY GOLD(MAY) ABOVE 28650 TGTS 28730/28830 SL 28550 SELL GOLD(MAY) BELOW 28400 TGTS 28320/28220 SL 28500
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EPIC RESEARCH– ANALYST SPEAKS 21st APRIL 2014
DHANIYA
RESISTANCE 1
9737
RESISTANCE 2
9664
PIVOT
9590
SUPPORT 1
9521
SUPPORT 2
9451
Dhaniya daily chart shows bullish trend. once again dhaniya fall form upper level and consolidating in range, now price is in support level. We are waiting for the closing of next session trend is bullish. RSI is in mid range. Immediate support @ 9565 & Immediate resistance @ 9620. BUY DHANIYA MAY ABOVE 9620 TGTS 9650,9700 SL 9570 SELL DHANIYA MAY BELOW 9565 TGTS 9535,9485 SL 9605
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EPIC RESEARCH– ANALYST SPEAKS 21st APRIL 2014
GUARSEED
RESISTANCE 1
4917
RESISTANCE 2
4883
PIVOT
4848
SUPPORT 1
4813
SUPPORT 2
4777
Guarseed Apr. short term trend looking sideways to bearish in daily chart, and it’s in it’s resistance zone. Momentum indicators RSI is above mid range, expecting may go up. In intraday basis immediate support is @ 4800 & immediate resistance is @ 4880. BUY GUARSEED MAY ABOVE 4880 TGTS 4910,4960 SL 4830 SELL GUARSEED MAY BELOW 4800 TGTS 4770,4720 SL 4850
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TODAY’S ECONOMIC EVENTS 21st APRIL 2014
MONDAY, APRIL 21 TIME
COUNTRY
EVENT
ALL DAY
HOLIDAY
AUSTRALIA - EASTER
ALL DAY
HOLIDAY
FRANCE - EASTER
ALL DAY
HOLIDAY
GERMANY - EASTER
ALL DAY
HOLIDAY
UNITED KINGDOM - EASTER
ALL DAY
HOLIDAY
ITALY - EASTER
ALL DAY
HOLIDAY
BRAZIL - TIRADENTES DAY
ALL DAY
HOLIDAY
NORWAY - EASTER MONDAY
ALL DAY
HOLIDAY
SWITZERLAND - EASTER MONDAY
ALL DAY
HOLIDAY
SPAIN - EASTER MONDAY
ALL DAY
HOLIDAY
HONG KONG - EASTER MONDAY
ALL DAY
HOLIDAY
NEW ZEALAND - EASTER MONDAY
ALL DAY
HOLIDAY
SOUTH AFRICA - FAMILY DAY
05:20
JPY
EXPORTS (YOY)
6.3%
9.8%
05:20
JPY
TRADE BALANCE
-1,070B
-800B
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ACTUAL FORECAST PREVIOUS
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