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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