Commodity daily report 28 nov 2013 by epic research

DAILY COMMODITY REPORT 28th NOVEMBER 2013

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DAILY MARKET WRAPUP

COMMODITY

CONTRACT

OPEN PRICE

HIGH

LOW

CLOSE PRICE

%CHANGE

GOLD

05 DEC 2013

30148

30266

29888

29985

-0.58

SILVER

05 DEC 2013

44350

44861

44086

44120

-0.67

CRUDE

18 DEC 2013

5890

5890

5771

5782

-1.90

NATURAL GAS

26 DEC 2013

240

246.4

240

245.00

+2.38

COPPER

29 NOV 2013

442.15

443.85

440.75

442.9

-0.17

NICKEL

29 NOV 2013

837

839.90

827.5

829.6

-0.90

LEAD

29 NOV 2013

129.70

129.7

128.3

128.60

-0.85

ZINC

29 NOV 2013

116.15

116.45

115.3

115.45

-0.69

ALUMINIUM

29 NOV 2013

108.15

108.25

106.8

106.90

-1.02

LME WAREHOUSE STOCKS (25-NOV-2013) METAL

TONNES IN STORAGE

ALUMINIUM

-6500

COPPER

-2950

LEAD

-525

NICKEL

912

TIN

-80

INTERNATIONAL MARKETS PRECIOUS AND INDUSTRY METALS COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

COMEX GOLD

USD/t oz.

1,239.00

+1.10

+0.09%

Feb 14

GOLD SPOT

USD/t oz.

1,239.63

+1.73

+0.14%

N/A

COMEX SILVER

USD/t oz.

19.68

-0.01

-0.04%

Mar 14

COMEX COPPER

USd/lb.

320.20

+1.15

+0.36%

Mar 14

PLATINUM SPOT

USD/t oz.

1,357.10

+4.60

+0.34%

N/A

ENERGY COMMODITY FUTURES COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

CRUDE OIL (WTI)

USD/bbl.

92.21

-0.09

-0.10%

Jan 14

CRUDE OIL (BRENT)

USD/bbl.

111.39

+0.08

+0.07%

Jan 14

RBOB GASOLINE

USd/gal.

270.60

+0.77

+0.29%

Dec 13

NYMEX NATURAL GAS

USD/MMBtu

3.91

+0.01

+0.28%

Jan 14

INTRADAY SUPPORT AND RESISTANCE

COMMODITY

EXPIRY

SUP.3

SUP.2

SUP.1

PIVOT

RES.1

RES.2

RES.3

ALUMINIUM

29-Nov

106.87

107.43

107.87

108.43

108.87

109.43

109.87

COPPER

29-Nov

439.10

440.75

442.00

443.65

444.90

446.55

447.80

CRUDEOIL

18-Dec

5801

5839

5867

5905

5933

5971

5999

GOLD

5-Dec

29625

29851

29992

30218

30359

30585

30726

LEAD

29-Nov

128.12

128.58

129.22

129.68

130.32

130.78

131.42

NATURALGAS

26-Dec

231.83

235.07

237.43

240.67

243.03

246.27

248.63

NICKEL

29-Nov

822.4

828.9

833.0

839.5

843.6

850.1

854.2

SILVER

5-Dec

43410

43885

44173

44648

44936

45411

45699

ZINC

29-Nov

114.78

115.52

115.98

116.72

117.18

117.92

118.38

COMMODITY BUZZ AND ECONOMIC EVENTS

SPECIAL NEWS:

COMMODITY BUZZ:



The Philippine economy continued to expand at a heady pace in the third quarter, supported by the steady performance of the services and industrial sectors even while farm output was hurt by a series of typhoons. Gross domestic product grew 7.0% on year in the July-September quarter. That was the a fifth straight quarter that GDP expanded by at least 7%. Third-quarter GDP rose 1.1% from the second quarter, when the economy rose 1.6% on-quarter. Gross national income rose 7.8% in the third quarter on an 11.9% on-year growth in net primary income from abroad.



The All India Gems and Jewellery Trade Federation has urged the Centre to halve import duty on gold from the current 15 per cent as the prevailing restriction on imports has already suppressed demand, easing Government concerns over widening current account deficit. Gold demand in the September quarter fell by 32 per cent to 148 tonnes against 219 tonnes during the same period a year ago. Jewellery demand dropped by 23 per cent to 105 tonnes (136 tonnes) due to import restrictions. Gold imports fell to 85 tonnes from 223 tonnes in the September quarter last year.



U.S. Weekly jobless claims for unemployment benefits unexpectedly fell in the latest week, a sign of steady improvement in the labor market.

Analysts were expecting an increase in claims.



The U.S. Energy Information Administration showing that crude supplies climbed by 3 million barrels for the week ended Nov. 22.

EPIC RESEARCH– ANALYST SPEAKS GOLD MCX:

SILVER MCX:

BUY GOLD ABOVE 30250 TGTS 30300/30380 SL 30170

BUY SILVER ABOVE 45200 TGTS 45400/45800 SL 45000

SELL GOLD BELOW 29835 TGTS 29785/29720 SL 29915

SELL SILVER BELOW 43950 TGTS 43750/43500 SL 44100

TODAY’S ECONOMIC EVENTS

Time

Counrty

Event

Actual

Forecast Previous

Thursday, November 28 All Day

USD

United States - Thanksgiving Day

05:20

JPY

Retail Sales (YoY)

14:25

EUR

German Unemployment Change

14:25

EUR

German Unemployment Rate

16:00

GBP

BoE Gov Carney Speaks

HOLIDAY

2.3%

2.1%

3.1%

1K

2K

6.9%

6.9%

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