DAILY COMMODITY REPORT 16th DECEMBER 2013
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DAILY MARKET WRAPUP 16th DECEMBER 2013 COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
OI (in lots)
GOLD
05 FEB 2014
29200
29450
29158
29432
+0.65
9885
SILVER
05 MAR 2014
44231
44912
44051
44776
+0.78
9521
CRUDE
18 DEC 2013
6074
6074
5987
6034
-1.00
8779
NATURAL GAS
26 DEC 2013
271.7
276.7
270.2
272.5
+0.48
17809
COPPER
28 FEB 2014
459.10
462.40
456.50
461.75
+0.28
15100
NICKEL
31 DEC 2013
869.9
878.2
866.1
877.2
+0.37
5477
LEAD
31 DEC 2013
131.6
133.7
131.1
133.55
+0.91
3079
ZINC
31 DEC 2013
121.3
123.05
120.7
122.95
+0.78
3594
ALUMINIUM
31 DEC 2013
109.55
110.55
109.30
110.40
+0.41
1978
LME WAREHOUSE STOCKS (13 - DEC- 2013)
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METAL
TONNES IN STORAGE
ALUMINIUM
-9875
COPPER
-3075
LEAD
-1100
NICKEL
30
TIN
25
ZINC
-4650 Call us at +91-731-6642300
INTERNATIONAL MARKETS 16th DECEMBER 2013
PRECIOUS AND INDUSTRY METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1,234.80
+0.20
+0.02%
FEB 14
GOLD SPOT
USD/T OZ.
1,236.17
-2.52
-0.20%
N/A
COMEX SILVER
USD/T OZ.
19.58
-0.02
-0.12%
MAR 14
COMEX COPPER
USD/LB.
330.50
-0.70
-0.23%
MAR 14
PLATINUM SPOT
USD/T OZ.
1,363.78
-0.57
-0.05%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/BBL.
96.52
-0.08
-0.08%
JAN 14
CRUDE OIL (BRENT)
USD/BBL.
109.26
+0.43
+0.40%
JAN 14
RBOB GASOLINE
USD/GAL.
263.51
+0.58
+0.22%
JAN 14
NYMEX NATURAL GAS
USD/MMBTU
4.27
-0.08
-1.93%
JAN 14
NYMEX HEATING OIL
USD/GAL.
298.44
+0.87
+0.29%
JAN 1
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INTRADAY SUPPORT AND RESISTANCE 16th DECEMBER 2013
COMMODITY
EXPIRY
SUP.3
SUP.2
SUP.1
PIVOT
RES.1
RES.2
RES.3
ALUMINIUM
31-Dec
108.37
108.83
109.62
110.08
110.87
111.33
112.12
COPPER
28-Feb
452.13
454.32
458.03
460.22
463.93
466.12
469.83
CRUDEOIL
20-Jan
5974
6011
6050
6087
6126
6163
6202
GOLD
5-Feb
28951
29055
29243
29347
29535
29639
29827
LEAD
31-Dec
129.27
130.18
131.87
132.78
134.47
135.38
137.07
NATURALGAS
26-Dec
263.07
266.63
269.57
273.13
276.07
279.63
282.57
NICKEL
31-Dec
857.4
861.7
869.5
873.8
881.6
885.9
893.7
SILVER
5-Mar
43386
43719
44247
44580
45108
45441
45969
ZINC
31-Dec
119.07
119.88
121.42
122.23
123.77
124.58
126.12
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MOST ACTIVE CONTRACTS 16th DECEMBER 2013
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
SILVERMICRO
28-02-2014
44835.00
3,14,42,33,715.00
70,129
NATURAL GAS
26-12-2013
271.80
1,72,25,325.00
63,375
CRUDE OIL
18-12-2013
6018.00
31,42,35,888.00
52,216
SILVER M
28-02-2014
44838.00
1,56,84,33,240.00
34,980
COPPER
28-02-2014
461.20
1,11,93,324.00
24,270
SILVER
05-03-2014
44817.00
87,19,59,552.00
19,456
COPPERMINI
28-02-2014
461.20
87,09,300.80
18,884
LEADMINI
31-12-2013
133.20
23,40,324.00
17,570
GOLD M
03-01-2014
29979.00
51,73,17,624.00
17,256
GOLD
05-02-2014
29413.00
43,91,94,916.00
14,932
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COMMODITY BUZZ AND ECONOMIC EVENTS 16th DECEMBER 2013
SPECIAL NEWS :
Growth in China's manufacturing-sector activity is slowing to three-month low, initial results from HSBC's monthly survey showed, with the numbers weighing on Chinese stocks and the Australian dollar. The flash version of the December HSBC/Markit China manufacturing Purchasing Managers' Index eased to 50.5, down from November's final reading of 50.8. Still, the headline number remained above the 50 level, indicating growth, and the key sub indexes for new export orders and overall new orders both showed rises at a faster rate than in the previous month. Higher-than-expected growth in China's new RMB lending and total social financing in November indicates that China's liquidity conditions remain favorable for 7.5% or higher GDP growth, and the central bank is likely to maintain its monetary stance. Market participants had been worried over possible credit tightening measures.
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COMMODITY BUZZ :
Gold will eye the US Federal Open Market Committee (FOMC) meeting set for Tuesday, December 17th and the Press Meet by Chairman, Ben Bernanke on Wednesday. The Fed tapering has already been discounted in gold and silver prices and any further sell off on such news would be short lived
Copper has put in a strong performance lately rallying seven out of the last eight trading days. The move higher has been supported by falling stockpiles, especially those monitored by the London Metal Exchange. Signs of economic recovery that spurs growth and demand, festive mood ahead of Christmas have given a boost to metals and energy complex notably Copper and Natural Gas. Precious metals complex continue to underperform and is one of the causes for the general bearishness seen in commodities complex. Brent crude oil was lower on the renewed hope that export terminals in eastern Libya could soon reopen after several months of disruption.
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EPIC RESEARCH– ANALYST SPEAKS 16th DECEMBER 2013
SILVER MCX:
Silver prices had been pitching towards the major downside support of 43700-600 region, break below the same could prompt major selling bias towards 43250/42900 or even lower. On the other side Silver has to close above 46000 for being in bullish trend. BUY SILVER ABOVE 45050 TGTS 45300/45650 SL 44750 SELL SILVER BELOW 44500 TGTS 44250/43900 SL 44800
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EPIC RESEARCH– ANALYST SPEAKS 16th DECEMBER 2013
GOLD MCX:
A sideways trading was seen in GOLD Feb. contract on Friday, although it closed at higher at 29432 or +0.72% from previous close. Previous week was a recovery period for gold, GOLD price is tacking immediate resistance at 29650 and support at 29150. In coming week market will be in sideways due to Christmas fest. BUY GOLD ABOVE 29500 TGTS 29580/29680 SL 29390 SELL GOLD BELOW 29250 TGTS 29170/29070 SL 29360
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TODAY’S ECONOMIC EVENTS 16th DECEMBER 2013
Time
Counrty
Event
Actual
Forecast Previous
MONDAY, DECEMBER 16 05:20
JPY
TANKAN LARGE MANUFACTURERS INDEX
16
15
12
05:20
JPY
TANKAN LARGE NON-MANUFACTURERS INDEX
20
16
14
07:15
CNY
CHINESE HSBC MANUFACTURING PMI
50.5
51.0
50.8
13:30
EUR
FRENCH MANUFACTURING PMI
49.1
48.4
13:30
EUR
FRENCH SERVICES PMI
49.0
48.0
14:00
EUR
GERMAN MANUFACTURING PMI
53.0
52.7
14:00
EUR
GERMAN SERVICES PMI
55.5
55.7
14:30
EUR
MANUFACTURING PMI
51.9
51.6
14:30
EUR
SERVICES PMI
51.5
51.2
19:00
CAD
FOREIGN SECURITIES PURCHASES
9.24B
8.36B
19:00
USD
NONFARM PRODUCTIVITY (QOQ)
2.8%
1.9%
19:00
USD
NY EMPIRE STATE MANUFACTURING INDEX
4.75
-2.21
19:00
USD
UNIT LABOR COSTS (QOQ)
-1.3%
-0.6%
19:30
EUR
ECB PRESIDENT DRAGHI SPEAKS
19:30
USD
TIC NET LONG-TERM TRANSACTIONS
31.4B
25.5B
19:45
USD
INDUSTRIAL PRODUCTION (MOM)
0.5%
-0.1%
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