Commodity daily report 13 dec 2013 by epic research

Page 1

DAILY COMMODITY REPORT 13th DECEMBER 2013

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DAILY MARKET WRAPUP 13th DECEMBER 2013 COMMODITY

CONTRACT

OPEN PRICE

HIGH

LOW

CLOSE PRICE

%CHANGE

OI (in lots)

GOLD

05 FEB 2014

29501

29501

29150

29223

-0.85

10007

SILVER

05 MAR 2014

45747

45800

44370

44468

-2.67

9664

CRUDE

18 DEC 2013

6007

6108

5993

6079

+1.11

10177

NATURAL GAS

26 DEC 2013

267

275.9

267

270.5

+1.54

17458

COPPER

28 FEB 2014

455.00

461.2

454.2

459.9

+1.19

14670

NICKEL

31 DEC 2013

868.4

877

868.4

872.7

+0.67

5868

LEAD

31 DEC 2013

131.5

132.75

131.5

132

+0.27

2686

ZINC

31 DEC 2013

121

122.1

120.8

121.85

+0.79

3590

ALUMINIUM

31 DEC 2013

110.2

110.7

109.65

109.9

-0.18

1930

LME WAREHOUSE STOCKS (12 - DEC- 2013)

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METAL

TONNES IN STORAGE

ALUMINIUM

-10575

COPPER

-3800

LEAD

-1125

NICKEL

1134

TIN

-20

ZINC

-4625 Call us at +91-731-6642300


INTERNATIONAL MARKETS 13th DECEMBER 2013

PRECIOUS AND INDUSTRY METALS COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

COMEX GOLD

USD/t oz.

1,228.10

+3.20

+0.26%

FEB 14

GOLD SPOT

USD/t oz.

1,228.72

+3.23

+0.26%

N/A

COMEX SILVER

USD/t oz.

19.36

-0.09

-0.48%

MAR 14

COMEX COPPER

USD/lb.

328.90

-0.65

-0.20%

MAR 14

PLATINUM SPOT

USD/t oz.

1,362.33

-1.62

-0.12%

N/A

ENERGY COMMODITY FUTURES COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

CRUDE OIL (WTI)

USD/bbl.

97.51

+0.01

+0.01%

JAN 14

CRUDE OIL (BRENT)

USD/bbl.

108.77

+0.10

+0.09%

JAN 14

RBOB GASOLINE

USd/gal.

263.62

+0.14

+0.05%

JAN 14

NYMEX NATURAL GAS

USD/MMBtu

4.38

-0.03

-0.66%

JAN 14

NYMEX HEATING OIL

USd/gal.

297.84

-0.17

-0.06%

JAN 14

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INTRADAY SUPPORT AND RESISTANCE 13th DECEMBER 2013

COMMODITY

EXPIRY

SUP.3

SUP.2

SUP.1

PIVOT

RES.1

RES.2

RES.3

ALUMINIUM

31-Dec

108.42

109.03

109.47

110.08

110.52

111.13

111.57

COPPER

28-Feb

448.67

451.43

455.67

458.43

462.67

465.43

469.67

CRUDEOIL

18-Dec

5897

5945

6012

6060

6127

6175

6242

GOLD

5-Feb

28731

28940

29082

29291

29433

29642

29784

LEAD

31-Dec

130.17

130.83

131.42

132.08

132.67

133.33

133.92

NATURALGAS

26-Dec

257.47

262.23

266.37

271.13

275.27

280.03

284.17

NICKEL

31-Dec

859.8

864.1

868.4

872.7

877.0

881.3

885.6

SILVER

5-Mar

42529

43449

43959

44879

45389

46309

46819

ZINC

31-Dec

119.77

120.28

121.07

121.58

122.37

122.88

123.67

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MOST ACTIVE CONTRACTS 13th DECEMBER 2013

Symbol

Expiry Date

LTP

Value (In Lacs)

Volume (In Lots)

SILVERMICRO

28-02-2014

44526.00

4,01,08,13,028.00

90,078

NATURAL GAS

26-12-2013

269.60

2,38,94,648.00

88,630

CRUDE OIL

18-12-2013

6081.00

33,43,69,866.00

54,986

SILVER M

28-02-2014

44530.00

1,96,23,92,570.00

44,069

COPPER

28-02-2014

459.90

1,40,75,699.40

30,606

SILVER

05-03-2014

44509.00

1,13,80,06,112.00

25,568

COPPERMINI

28-02-2014

459.90

96,92,852.40

21,076

GOLD M

03-01-2014

29766.00

56,81,43,642.00

19,087

GOLD

05-02-2014

29209.00

51,95,98,901.00

17,789

LEADMINI

31-12-2013

132.05

21,50,962.45

16,289

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COMMODITY BUZZ AND ECONOMIC EVENTS 13th DECEMBER 2013

SPECIAL NEWS : 

Advance estimates of U.S. retail and food services sales for November, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $432.3 billion, an increase of 0.7 percent from the previous month, and 4.7% above Nov 2012. October's retail sales were revised to a gain of 0.6%, compared with a prior estimate of 0.4%. Excluding the large auto sector, retail sales rose 0.4%.

India’s OCT. IIP contracted to -1.8% Vs 2% MOM, while CPI has touched an astounding 11.24% mark in November Vs 10.09% MOM.

US Weekly Average Initial Jobless Claims Rise. Advance figure for seasonally adjusted initial claims was 368,000 for the week ending Dec 7, an increase of 68,000 from the previous weeks revised figure of 300,000.

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COMMODITY BUZZ : 

Indian steel consumption grew by just 0.3% in the first five months (April-August) of current fiscal at 30.345 mn tonnes. Real consumption of the metal during the April-August period of the last fiscal was at 30.240 mn tonnes. India's steel consumption grew by 3.3% during the 2012-13 fiscal to 73.336 mn tonnes.

Gold and silver imports declined 80.55% to $1.05 billion in Nov after a slew of measures taken by the government to curb inbound shipments of the metal, aimed at narrowing the current account deficit. Imports of gold and silver in November 2012 stood at $5.4 billion. Total merchandise imports last month also declined, helping to narrow the trade deficit to $9.21 billion, the second-lowest level in this financial year. It was at $6.76 billion in September.

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EPIC RESEARCH– ANALYST SPEAKS 13th DECEMBER 2013

SILVER MCX:

MCX SILVER march contract was closed at Rs 44468 down Rs 1262, or -2.76 percent. The SILVER rate touched an intraday high of Rs 45800 and an intraday low of Rs 45370. 26835 contracts had been traded. Silver opened at morning with gap up and made day low. In mid session silver traded in big range and made night low 44370. After 8.00 p.m. more selling pressure had been seen in silver and it is helpful to break the nearest support of 44320. BUY SILVER ABOVE 44900 TGTS 45100/45400 SL 44600 SELL SILVER BELOW 44220 TGTS 44020/43720 SL 44520

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EPIC RESEARCH– ANALYST SPEAKS 13th DECEMBER 2013

GOLD MCX:

MCX GOLD February contract was closed at Rs 29223 down Rs 237 , or- 0.80 percent. The GOLD rate touched an intraday high of Rs 29501 and an intraday low of Rs 29150. 18734 contracts had been traded. Gold Price was taking support at 29250 and traded in sideways range all day. In evening session gold price broke the nearest support of 29090 and made new low of 28850 BUY GOLD ABOVE 29440 TGTS 29520/29620 SL 29340 SELL GOLD BELOW 29130 TGTS 29050/28950 SL 29230

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TODAY’S ECONOMIC EVENTS 13th DECEMBER 2013

Time

Counrty

Event

Actual

Forecast Previous

FRIDAY, DECEMBER 13 10:00

JPY

INDUSTRIAL PRODUCTION (MOM)

0.5%

0.5%

13:45

CHF

SWISS PPI (MOM)

-0.2%

-0.4%

19:00

USD

CORE PPI (MOM)

0.1%

0.2%

19:00

USD

PPI (MOM)

-0.1%

-0.2%

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