DAILY COMMODITY REPORT 02nd DECEMBER 2013
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 COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
GOLD
05 DEC 2013
30047
30330
30015
30236
+0.03
SILVER
05 DEC 2013
44096
44649
43986
44274
+0.62
CRUDE
18 DEC 2013
5772
5885
5761
5839
+1.40
NATURAL GAS
26 DEC 2013
246.60
248
243.2
246.70
-0.49
COPPER
29 NOV 2013
444
452.95
447.85
450.85
+0.26
NICKEL
29 NOV 2013
829.70
855.40
837.3
848.4
+0.77
LEAD
29 NOV 2013
127.70
130.6
128.7
129.65
+0.04
ZINC
29 NOV 2013
114.80
117.65
115.95
117.1
+0.60
ALUMINIUM
29 NOV 2013
106.10
109.25
107.95
108.35
+0.05
LME WAREHOUSE STOCKS (28 - NOV- 2013) METAL ALUMINIUM
74700
COPPER
-5375
LEAD
-500
NICKEL
-48
TIN
90
ZINC YOUR MINTVISORY
TONNES IN STORAGE
-2200 Call us at +91-731-6642300
INTERNATIONAL MARKETS PRECIOUS AND INDUSTRY METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/t oz.
1,246.10
-4.30
-0.34%
Feb 14
GOLD SPOT
USD/t oz.
1,246.76
-6.59
-0.53%
N/A
COMEX SILVER
USD/t oz.
19.83
-0.20
-1.01%
Mar 14
COMEX COPPER
USd/lb.
319.80
-0.70
-0.22%
Mar 14
PLATINUM SPOT
USD/t oz.
1,366.75
+2.65
+0.19%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/bbl.
93.19
+0.47
+0.51%
Jan 14
CRUDE OIL (BRENT)
USD/bbl.
110.14
+0.45
+0.41%
Jan 14
RBOB GASOLINE
USd/gal.
267.80
+1.52
+0.57%
Jan 14
NYMEX NATURAL GAS
USD/MMBtu
3.90
-0.05
-1.34%
Jan 14
NYMEX HEATING OIL
USd/gal.
304.75
+1.67
+0.55%
Jan 14
YOUR MINTVISORY
Call us at +91-731-6642300
INTRADAY SUPPORT AND RESISTANCE
COMMODITY
EXPIRY
SUP.3
SUP.2
SUP.1
PIVOT
RES.1
RES.2
RES.3
ALUMINIUM
31-Dec
106.48
107.22
107.78
108.52
109.08
109.82
110.38
COPPER
28-Feb
443.05
445.45
448.15
450.55
453.25
455.65
458.35
CRUDEOIL
18-Dec
5648
5704
5772
5828
5896
5952
6020
GOLD
5-Feb
28917
29035
29134
29252
29351
29469
29568
LEAD
31-Dec
126.80
127.75
128.70
129.65
130.60
131.55
132.50
NATURALGAS
26-Dec
239.13
241.17
243.93
245.97
248.73
250.77
253.53
NICKEL
31-Dec
820.6
828.9
838.7
847.0
856.8
865.1
874.9
SILVER
5-Mar
44638
44981
45413
45756
46188
46531
46963
31-Dec
114.45
115.20
116.15
116.90
117.85
118.60
119.55
ZINC
YOUR MINTVISORY
Call us at +91-731-6642300
MOST ACTIVE CONTRACTS
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
SILVERMICRO
30-11-2013
44392.00
2,56,95,86,528.00
57,884
CRUDE OIL
18-12-2013
5863.00
32,18,66,974.00
54,898
NATURAL GAS
26-12-2013
246.00
1,04,67,054.00
42,549
SILVER M
30-11-2013
44410.00
1,14,37,35,140.00
25,754
COPPER
28-02-2014
450.30
1,03,33,034.10
22,947
SILVER
05-12-2013
44400.00
64,77,51,600.00
14,589
NICKEL
31-12-2013
849.00
1,23,47,007.00
14,543
GOLD M
05-12-2013
30119.00
42,35,33,378.00
14,062
COPPERMINI
28-02-2014
450.35
61,03,143.20
13,552
LEADMINI
31-12-2013
129.50
13,87,592.50
10,715
YOUR MINTVISORY
Call us at +91-731-6642300
COMMODITY BUZZ AND ECONOMIC EVENTS
SPECIAL NEWS :
China's crude steel output rose 8.3 percent year on year to 652.48 million tonnes in the first ten months of 2013, faster than the 2.1percent increase seen in the same period last year. Output of rolled steel rose 11.6 percent from a year ago to 888.32 million tonnes during the same period last year. China continues to be the largest consumer of largest varieties of commodities produced in the world; and as 2013 draws to a close, the dragon country is going to be the top global consumer of the most valuable commodity: Gold. China's demand for jewellery, bars and coins rose 30 per cent to 996.3 tonnes in the year to September. The gold consumption was three times higher than the 47.5 tonnes last year. In October, China imported a whopping 131 tonnes of gold from Hong Kong alone.
YOUR MINTVISORY
COMMODITY BUZZ :
The year 2014 will find the Rogers International Commodity Index (RICI) reducing its exposure to crude oil while raising that of Natural Gas, Gold and Silver. WTI Crude will be reduced by 5.0% Index Weight to 16.0%. Brent will be reduced by 1.0% Index Weight to 13%. Each of Natural Gas, Gold and Silver will be increased by 2.0% Index Weight to 5.0%, 5.0% and 4.0% respectively. Each of these changes will be implemented in two phases: 50% during the January 2014 roll period, occurring at the end of January 2014, and the remaining 50% during the February 2014 roll period, occurring at the end of February 2014.
Call us at +91-731-6642300
MARKET OUTLOOK
GOLD OUTLOOK
SILVER OUTLOOK
On Friday a recovery was seen in Gold, it took support of 29950 and bounce, although in evening session a sharp decline was seen due to profit booking in upper level. Gold Feb contract trading in discount at 29234, we expect recovery in Feb contract above 29500 up to 29800/30000.
Silver is holding its bearish outlook, a sideways market was seen on Friday, we expect silver can give some recovery up to 45500 and if it sustains above this level price can go up to 46000/46800 level, on the other side below 43950 level silver can crash up to 43500/43000
COPPER OUTLOOK
CRUDEOIL OUTLOOK
Copper Feb contract still is in range bound trend. 440 level is giving support to the price, Copper is also giving recovery in LME, we expect MCX copper can give a correction to 440 and than recover up to 455 level.
Crude Oil recovers on Friday after tacking support at 5760 but still price is in pressure. We expect more downfall in crude oil below 5760 level. A firm recovery seems to take place only above 5930 level up to 6000/6050.
YOUR MINTVISORY
Call us at +91-731-6642300
EPIC RESEARCH– ANALYST SPEAKS GOLD MCX:
SILVER MCX:
BUY GOLD ABOVE 30330 TGTS 30430/30580 SL 30180 SELL GOLD BELOW 30150 TGTS 30050/29950 SL 30300
BUY SILVER ABOVE 44650 TGTS 44900/46300 SL 44350 SELL SILVER BELOW 43950 TGTS 43700/43400 SL 44250
YOUR MINTVISORY
Call us at +91-731-6642300
TODAY’S ECONOMIC EVENTS Time
Counrty
Event
Actual Forecast Previous
Monday, December 2 05:20
JPY
Capital Spending (YoY)
1.5%
3.1%
0.0%
07:15
CNY
Chinese HSBC Manufacturing PMI
50.8
50.5
50.4
08:00
JPY
BoJ Governor Kuroda Speaks
14:00
CHF
SVME PMI
55.0
54.2
14:18
EUR
French Manufacturing PMI
47.8
47.8
14:23
EUR
German Manufacturing PMI
52.5
52.5
14:58
GBP
Manufacturing PMI
56.0
56.0
19:00
USD
Fed Chairman Bernanke Speaks
20:30
USD
ISM Manufacturing PMI
55.0
56.4
YOUR MINTVISORY
Call us at +91-731-6642300
DISCLAIMER
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