DAILY COMMODITY REPORT 09th DECEMBER 2013
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DAILY MARKET WRAPUP 09th DECEMBER 2013 COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
OI (in lots)
GOLD
05 DEC 2013
29151
29633
28719
28954
-0.72
8851
SILVER
05 DEC 2013
44144
45731
43584
44052
-0.76
10684
CRUDE
18 DEC 2013
6117
6105
5784
5981
-0.75
126
NATURAL GAS
26 DEC 2013
255.20
258.7
244.1
253.40
+0.08
16521
COPPER
28 FEB 2013
447
451.4
443.6
446.3
-0.01
13202
NICKEL
31 DEC 2013
853
862.60
833.5
844.7
-0.32
9009
LEAD
29 NOV 2013
127.90
129.65
127.25
127.40
-0.23
2200
ZINC
29 NOV 2013
115.9
117.10
115.55
115.75
-0.04
2073
ALUMINIUM
31 DEC 2013
106.95
108.85
106.85
107.30
+0.47
2009
LME WAREHOUSE STOCKS (28 - NOV- 2013)
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METAL
TONNES IN STORAGE
ALUMINIUM
-11475
COPPER
-3300
LEAD
-1000
NICKEL
432
TIN
-20
ZINC
-4575 Call us at +91-731-6642300
INTERNATIONAL MARKETS 09th DECEMBER 2013
PRECIOUS AND INDUSTRY METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/t oz.
1,229.30
+0.30
+0.02%
FEB 14
GOLD SPOT
USD/t oz.
1,229.99
+0.89
+0.07%
N/A
COMEX SILVER
USD/t oz.
19.51
-0.01
-0.07%
MAR 14
COMEX COPPER
USd/lb.
323.80
-1.05
-0.32%
MAR 14
PLATINUM SPOT
USD/t oz.
1,360.90
+1.40
+0.10%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/bbl.
97.84
+0.19
+0.19%
JAN 14
CRUDE OIL (BRENT)
USD/bbl.
111.71
+0.10
+0.09%
JAN 14
RBOB GASOLINE
USd/gal.
273.52
+0.83
+0.30%
JAN 14
NYMEX NATURAL GAS
USD/MMBtu
4.16
+0.05
+1.14%
JAN 14
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INTRADAY SUPPORT AND RESISTANCE 09th DECEMBER 2013
COMMODITY
EXPIRY
SUP.3
SUP.2
SUP.1
PIVOT
RES.1
RES.2
RES.3
ALUMINIUM
31-Dec
105.42
106.13
106.72
107.43
108.02
108.73
109.32
COPPER
28-Feb
437.92
441.63
443.97
447.68
450.02
453.73
456.07
CRUDEOIL
18-Dec
5850
5911
5946
6007
6042
6103
6138
GOLD
5-Feb
28036
28378
28666
29008
29296
29638
29926
LEAD
31-Dec
125.02
126.13
126.77
127.88
128.52
129.63
130.27
NATURALGAS
26-Dec
245.17
248.93
251.17
254.93
257.17
260.93
263.17
NICKEL
31-Dec
825.8
834.7
839.7
848.6
853.6
862.5
867.5
SILVER
5-Mar
42408
42996
43524
44112
44640
45228
45756
ZINC
31-Dec
113.62
114.58
115.17
116.13
116.72
117.68
118.27
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MOST ACTIVE CONTRACTS 09th DECEMBER 2013
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
SILVERMICRO
28-02-2014
44152.00
3,84,90,38,904.00
87,177
CRUDE OIL
18-12-2013
5989.00
37,34,86,018.00
62,362
NATURAL GAS
26-12-2013
254.70
1,29,71,361.60
50,928
SILVER M
28-02-2014
44159.00
1,94,59,10,494.00
44,066
COPPER
28-02-2014
447.05
1,53,19,956.45
34,269
SILVER
05-03-2014
44125.00
1,14,48,67,250.00
25,946
GOLD M
03-01-2014
29771.00
74,47,81,107.00
25,017
GOLD PETAL
31-12-2013
3016.00
7,41,30,264.00
24,579
COPPERMINI
28-02-2014
447.10
1,07,54,990.50
24,055
GOLD
05-02-2014
28995.00
61,40,56,110.00
21,178
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COMMODITY BUZZ AND ECONOMIC EVENTS 09th DECEMBER 2013
SPECIAL NEWS :
The Japanese government on Monday lowered the reading of the country's growth over the third quarter, saying capital expenditure was weaker than first thought. The U.S. economy overtook Japan in the third quarter, registering a revised 3.6% expansion.
China's consumer-price inflation slowed slightly in November on an annual basis, while wholesale-price deflation also eased slightly. The consumer price index rose 3% from a year earlier, while slipping 0.1% compared to October. The producer price index, which has long languished in deflationary territory, dropped 1.4% from the year-earlier month.
The Chinese Purchase Manufacturer's Index (PMI) numbers showed minor declines, which is expected to pressurize Copper. This along with rising supplies of Copper in the world is negative for the metal. HSBC Final PMI for November month came in at 50.8 from October's 50.9.
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COMMODITY BUZZ :
Gold imports are likely to fall steeply next year to around 500 tonne due to rising prices following higher taxes and falling stocks that have put off retail demand. Gold supplies in India, were affected after the import duties were hiked to 10%, in order to control the current account deficit. The rise of import duties even paved way for imports through illegal channels like Smuggling. The prices are expected to slip below Rs 29000 levels in coming days considering the recovery in the Indian Rupee against the US currency.
US commercial Crude inventories declined by 5.60 million tonnes to 385.8 million tonnes. China and India will continue to drive world economic growth and demand for energy. Energy consumption in both countries was 24% in the world energy consumption in the year 2010. The total consumption of these two regions will reach 34% in 2040. Barclays expects global crude oil demand to grow by 1.04 mb/d in 2014.
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EPIC RESEARCH– ANALYST SPEAKS 09th DECEMBER 2013
SILVER MCX:
GOLD MCX:
BUY GOLD ABOVE 29100 TGTS 29200/29350 SL 29000 SELL GOLD BELOW 28850 TGTS 28750/28600 SL 29000
BUY SILVER ABOVE 44500 TGTS 44750/45050 SL 44200 SELL SILVER BELOW 43850 TGTS 43600/43300 SL 44150
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EPIC RESEARCH– ANALYST SPEAKS 09th DECEMBER 2013
GOLD OUTLOOK
SILVER OUTLOOK
Gold fell sharply due to positive US data on Friday, and made low of 28720, Although price bounced back instantly due to profit booking in lower level. Gold can take support at 28675 or 23.6% fibbo level. On the other hand a firm reversal is being seen only above 29500 up to 30000. RSI and Fibbo were giving the bearish signal and sharp fall was seen in Comex Gold also, we expect Gold can take a dip up to 28500 or further more 28200 in coming days.
Silver held the range of 45000-44000 for the entire week, a
COPPER OUTLOOK
CRUDEOIL OUTLOOK
very volatile market was seen on Friday due to US data, Silver was not giving a confirmation over bearish or reversal trend, whenever it holds range the range of 45000-44000, the immediate support will be 43500 while the immediate resistance will be 45200 to the price.
Copper Feb contract closed at 446.30 on Friday. Copper made Crude Oil seemed sideways on Friday, although a sharp pull intraday high of 451.40 and intraday low 445.35. price is tak- back was seen after US job claims data arrival, but price did ing immediate resistance at 452 and support at 445, The not pull back and fell sharply and closed at 5978. We expect stockpiles of Copper since start of the year have increased by that price will be range bound until fresh inventory data ar27.5%. This is likely to put pressure on the prices in days to rives on Wednesday. come. we expect copper to be range bound for upcoming days.
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TODAY’S ECONOMIC EVENTS 09th DECEMBER 2013
Time
Counrty
Event
Actual
Forecast Previous
MONDAY, DECEMBER 9 05:20
JPY
ADJUSTED CURRENT ACCOUNT
-0.06T
0.12T
-0.13T
05:20
JPY
CURRENT ACCOUNT N.S.A.
-0.128T
0.153T
0.587T
05:20
JPY
GDP (YOY)
1.1%
1.6%
1.9%
05:20
JPY
GDP (QOQ)
0.3%
0.4%
0.5%
07:00
CNY
CHINESE CPI (YOY)
3.0%
3.2%
3.2%
07:00
CNY
CHINESE CPI (MOM)
-0.1%
0.0%
0.1%
07:00
CNY
CHINESE PPI (YOY)
-1.4%
-1.4%
-1.5%
12:15
CHF
UNEMPLOYMENT RATE N.S.A.
3.2%
3.1%
12:15
CHF
UNEMPLOYMENT RATE S.A.
3.2%
3.2%
13:45
CHF
RETAIL SALES (YOY)
2.1%
1.0%
16:30
EUR
GERMAN INDUSTRIAL PRODUCTION (MOM)
0.8%
-0.9%
18:45
CAD
HOUSING STARTS
195.0K
198.3K
22:45
GBP
BOE GOV CARNEY SPEAKS
23:35
USD
FOMC MEMBER BULLARD SPEAKS
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