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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