Commodity daily report 20 nov 2013 by epic research

DAILY COMMODITY REPORT 20th NOVEMBER. 2013

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DAILY COMMODITY REPORT

COMMODITY WRAPUP

20th NOVEMBER. 2013

COPPER

GOLD

MCX copper for November delivery was seen trading up. The commodity witnessed to fall in the morning due to firm INR and the prices succeeded to recover in the afternoon trade. MCX copper for December delivery was seen trading with a gain of 0.06% at Rs.433.30 per kilogram as of 17.04 IST on Tuesday.

Gold prices continued their weakness in the global market and were seen trading almost steady amid weak physical demand. India gold futures remained almost steady tracking weak global cues and on appreciation of Indian Rupee against US Dollar. Comex gold futures for December delivery was seen trading with a gain of $1 at $1273.3 per troy ounce as of 16.07 IST.

CRUDE OIL

SILVER

MCX crude oil for December delivery edged lower amid appreciation of Indian Rupee against US Dollar on Tuesday. The trend is bearish. Any rise in the prices may give better selling opportunity. MCX crude oil for December delivery was seen trading with a gain of 0.07% at Rs.5874 per barrel as of 17.03 IST on Tuesday.

Silver prices moved down by 0.48% to Rs 46,510 per kg in futures market yesterday as speculators reduced their holdings on the back of a weak global trend. At the Multi Commodity Exchange, silver for delivery in March moved down by Rs 222, or 0.48%, to Rs 46,510 per kg in business turnover of 361 lots. The white metal for delivery in December traded lower by Rs 205, or 0.45%, to Rs 45,130 per kg

SPECIAL NEWS

COMMODITY BUZZ

*Builder

confidence in the market for newly built, single-family homes was unchanged in November from a downwardly revised level of 54 on the National Association of Home Builders/ Wells Fargo Housing Market Index (HMI) released yesterday. This means that for the sixth consecutive month, more builders have viewed market conditions as good than poor.

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â—Š The U.S. Energy Information Administration reported Thursday that crude oil inventories last week rose by 2.6 million barrels, far more than the 994,000 barrels predicted by analysts. Total U.S. crude oil inventories stood at 388.1 million barrels as of last week, the highest since June. â—Š The demand for physical silver has been very strong this year despite the wild fluctuation in the prices. The latest data from the US mint suggests that a new record has been set for sales of American Silver Eagle bullion coins. The sales of silver coins have hit a all time high mark of 40536 ounces from January 1st to November 18th this year. This is up nearly 20% compared to the total for the whole year in 2012.

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DAILY COMMODITY REPORT

COMMODITY LEVELS

20th NOVEMBER. 2013

DAILY LEVELS WITH TREND % Chg.

OI (in lots)

TREND

30305

+0.70

6989

Bearish

45060

45400

+0.16

10336

Bearish

5909

5841

5895

+0.26

3231

Bearish

227.60

227.6

222.6

222.9

-2.23

7240

Sideways

29 NOV 2013

432.40

436.25

428.85

435.45

+0.44

15655

Bearish

NICKEL

29 NOV 2013

845.50

852.60

842.3

848.4

+0.37

8873

Bearish

LEAD

29 NOV 2013

128.30

129.95

127.6

129.9

+0.82

2582

Bearish

ZINC

29 NOV 2013

115.70

116.80

115

116.7

+0.78

2409

Bearish

ALUMINIUM

29 NOV 2013

109.25

109.70

108.15

109.45

+0.74

2239

Bearish

ITEM

Contract

Open

High

Low

GOLD

05 DEC 2013

30077

30379

29954

SILVER

05 DEC 2013

45156

45660

CRUDE

19 NOV 2013

5773

NATURAL GAS

25 NOV 2013

COPPER

Close

SUPPORT & RESISTANCE COMMODITIES

CONTRACT

S2

S1

PIVOT

R1

R2

GOLD

05DEC2013

29787.67

30046.33

30212.67

30471.33

30637.67

SILVER

05DEC2013

44773,33

45086.67

45373.33

45686.67

45973.33

CRUDE

19 NOV 2013

5813.67

5854.33

5881.67

5922.33

5947.67

NATURAL GAS

25 NOV 2013

219.37

221.13

224.37

226.13

229.37

COPPER

29 NOV 2013

426.12

430.78

433.52

438.13

440.92

NICKEL

29 NOV 2013

837.47

842.93

847.77

853.23

858.07

LEAD

29 NOV 2013

126.82

128.35

129.15

130.70

131.50

ZINC

29 NOV 2013

114.37

115.53

116.17

117.33

117.97

ALLUMINIUM

29 NOV 2013

107.55

108.50

109.10

110.05

110.65

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DAILY COMMODITY REPORT 20th NOVEMBER. 2013

RECOMMENDATION GOLD Some recovery was seen in gold on Tuesday, but gold is Weak as it is still below 30500. If gold breaks 30150, it can go more down up to 30000 or even lower. While an upside occurs only above 30500, prices can go up to 30650-30800.

BUY GOLD ABOVE 30500 TGTS 30600/30700 SL 30400 SELL GOLD BELOW 30150 TGTS 30050/29950 SL 30250

CRUDE

Crude Trend remains bearish as long as it trades below 5900 level.

It is now required to break below the support of 5840 for the downside fall to continue towards 5800/5760 levels in the near term. On the other hand, direct rise above 5900 with volume could see pullbacks to 5940-5980 regions.

BUY CRUDE ABOVE 5900 TGTS 5940/6000 SL 5840 SELL CRUDE BELOW 5840 TGTS 5800/5740 SL 5920

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DAILY COMMODITY REPORT

COMMODITY SPECIAL

20th NOVEMBER. 2013

LME INVENTORY (in tonnes) Change

METALS Aluminium

+22700

Copper

-1300

Nickel

+324

Lead

-700

Zinc

-4950

MOST ACTIVE CONTRACTS BY (VOLUME) Symbol

Expiry Date

LTP

COPPER

29-11-2013

434.95

1,70,67,872.95

39,241

COPPERMINI

29-11-2013

435.00

1,16,44,080.00

26,768

LEADMINI

29-11-2013

129.40

21,43,640.40

16,566

NICKEL

29-11-2013

847.10

1,11,79,178.70

13,197

LEAD

29-11-2013

129.45

14,57,348.10

11,258

NICKELMINI

29-11-2013

847.10

83,17,674.90

9,819

ZINCMINI

29-11-2013

116.55

9,81,001.35

8,417

ALUMINI

29-11-2013

109.45

6,28,243.00

5,740

ZINC

29-11-2013

116.50

5,94,383.00

5,102

ALUMINIUM

29-11-2013

109.50

3,33,865.50

3,049

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Value (In Lacs) Volume (In Lots)

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DAILY COMMODITY REPORT 20th NOVEMBER. 2013

TIME (ET)

ECONOMIC CALENDER

REPORT

PERIOD ACTUAL

CONSENSUSFORECAST

PREVIOUS

MONDAY, NOV. 18 10 am

Home builders' index

Nov.

56

55

0.5%

0.5%

TUESDAY, NOV. 19 8:30 am

Employment cost index

3Q WEDNESDAY, NOV. 20

8:30 am

Retail sales

Oct.

0.1%

-0.1%

8:30 am

Retail sales ex-autos

Oct.

0.2%

0.4%

8:30 am

Consumer price index

Oct.

0.0%

0.2%

8:30 am

Core CPI

Oct.

0.2%

0.1%

10 am

Business inventories

Sept.

0.3%

0.3%

10 am

Existing home sales

Oct.

5.23 mln

5.29 mln

2 pm

FOMC minutes THURSDAY, NOV. 21

8:30 am

Weekly jobless claims

11/16

N/A

N/A

8:30 am

Producer price index

Oct.

-0.2%

-0.1%

8:30 am

Core PPI

Oct.

0.1

0.1%

8:58 am

Markit flash PMI

Nov.

--

51.8

10 am

Philly Fed

Nov.

15.0

19.8

10 am

Leading indicators

Oct.

--

FRIDAY, NOV. 22 10 am

Job openings

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Sept.

3.9 mln Call us at +91-731-6642300

DAILY COMMODITY REPORT 20th NOVEMBER. 2013

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