DAILY COMMODITY REPORT 3rd FEBRUARY 2014
Our Presence Epic Research India 411 Milinda Manor (Suites 409- 417)
HNI & NRI Sales Contact Australia
Toll Free Number
Mintara Road, Tarneit, Victoria. Post Code 3029
1-800-200-9454
Phone.: +61 422 063855
All queries should be directed to
2 RNT Marg. Opp Cental Mall Indore (M.P.)
Info@epicresearch.co
Hotline: +91 731 664 2300 Alternate: +91 731 664 2320 Or give us a missed call at 026 5309 0639 YOUR MINTVISORY
HNI & NRI Sales Contact USA 2117 Arbor Vista Dr. Charlotte (NC) Cell: +1 704 249 2315
Call us at +91-731-6642300
DAILY MARKET WRAPUP 3rd FEBRUARY 2014 COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
OI (in lots)
GOLD
05 FEB 2014
29363.00
29584.00
29255.00
29378.00
0.29
1165
SILVER
05 MAR 2014
43269.00
44033.00
43185.00
43220.00
0.45
14131
CRUDE
19 FEB 2014
6141.00
6187.00
6106.00
6156.00
0.16
12286
NATURAL GAS
25 FEB 2014
316.10
316.10
294.40
320.30
-5.37
12250
COPPER
28 FEB 2014
446.15
448.50
445.15
447.05
-0.26
10886
NICKEL
31 JAN 2014
867.40
882.80
862.00
866.80
1.47
4293
LEAD
28– FEB 2014
132.65
134.35
132.20
132.70
0.26
2976
ZINC
28– FEB 2014
123.95
124.75
123.10
124.25
-0.44
2084
ALUMINIUM
31 JAN 2014
106.75
106.95
105.60
107.10
-1.12
3504
LME WAREHOUSE STOCKS (31 JAN- 2014)
YOUR MINTVISORY
METAL
TONNES IN STORAGE
ALUMINIUM
-8575
COPPER
-1675
LEAD
-500
NICKEL
-180
ZINC
-2000 Call us at +91-731-6642300
INTERNATIONAL MARKETS 3rd FEBRUARY 2014
PRECIOUS AND INDUSTRY METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1,244.70
+4.90
+0.40%
APR 14
GOLD SPOT
USD/T OZ.
1,245.06
+0.51
+0.04%
N/A
COMEX SILVER
USD/T OZ.
19.12
-0.01
-0.03%
MAR 14
COMEX COPPER
USD/LB.
319.50
-0.20
-0.06%
MAR 14
PLATINUM SPOT
USD/T OZ.
1,381.81
+4.50
+0.33%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/BBL.
97.15
-0.34
-0.35%
MAR 14
CRUDE OIL (BRENT)
USD/BBL.
106.30
-0.10
-0.09%
MAR 14
RBOB GASOLINE
USD/GAL.
263.28
+0.14
+0.05%
MAR 14
NYMEX NATURAL GAS
USD/MMBTU
4.84
-0.10
-2.04%
MAR 14
NYMEX HEATING OIL
USD/GAL.
299.75
+0.04
+0.01%
MAR 14
YOUR MINTVISORY
Call us at +91-731-6642300
INTRADAY SUPPORT AND RESISTANCE 3rd FEBRUARY 2014
COMMODITY
EXPIRY
SUP.3
SUP.2
SUP.1
PIVOT
RES.1
ALUMINIUM
28-Feb
104.00
104.80
105.35
106.15
106.70
COPPER
28-Feb
438.97
441.58
443.27
445.88
447.57
CRUDEOIL
19-Feb
6040
6073
6121
6154
6202
GOLD
5-Apr
28125
28322
28482
28679
28839
LEAD
28-Feb
129.90
131.05
132.05
133.20
134.20
NATURALGAS
25-Feb
270.93
282.67
292.63
304.37
314.33
NICKEL
28-Feb
846.6
854.3
868.3
876.0
890.0
SILVER
5-Mar
42137
42661
42985
43509
43833
ZINC
28-Feb
121.37
122.23
123.02
123.88
124.67
YOUR MINTVISORY
Call us at +91-731-6642300
MOST ACTIVE CONTRACTS 3rd FEBRUARY 2014
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
NATURAL GAS
25-02-2014
303.10
3,66,58,126.40
1,20,944
SILVERMICRO
28-02-2014
43470.00
4,37,56,90,200.00
1,00,660
CRUDE OIL
19-02-2014
6166.00
37,78,21,650.00
61,275
SILVER M
28-02-2014
43455.00
2,16,20,16,615.00
49,753
SILVER
05-03-2014
43415.00
1,17,66,33,330.00
27,102
COPPER
28-02-2014
445.90
91,77,513.80
20,582
GOLD PETAL
27-02-2014
2970.00
5,04,24,660.00
16,978
LEADMINI
28-02-2014
133.05
21,64,457.40
16,268
COPPERMINI
28-02-2014
445.95
71,26,726.95
15,981
NICKEL
28-02-2014
879.50
1,22,15,375.50
13,889
YOUR MINTVISORY
Call us at +91-731-6642300
TODAY,S COMMODITY NEWS 3rd FEBRUARY 2014
COMMODITY HEADLINES
Hedging by gold miners at decade low in Sept quarter
Gold falls 1% as Fed taper weighs, China demand fades
Gold, silver tumble on stockists' selling
Aluminium down 0.3% on global cues
Lead down 0.1% on global cues, subdued demand
Nickel down 0.1% on overseas trend, subdued demand
Supply-demand gap in pulses may not narrow in coming years
Mpeda to expand farming of new variety Tilapia fish
Potato down 1.3% on weak demand, adequate stocks
Crude oil down 0.3% on weak Asian cues
YOUR MINTVISORY
Call us at +91-731-6642300
COMMODITY BUZZ AND ECONOMIC EVENTS 3rd FEBRUARY 2014
COMMODITY BUZZ
SPECIAL NEWS
The prices of COMEX Gold declined by $ 1240.1 per troy ounce, up 1.84%. The correction in metal was on account of rise of US Dollar after the news of Federal stimulus cuts. U.S. Federal Reserve decided to slash its monthly bond-buying program by a further $10 billion, as widely anticipated by economists. The euro ended lower against the dollar at $1.348 on Friday. initial jobless claims climbed to 348000, an increase of 19000 from the previous week's revised figure of 329000.
The U.S. Commerce Department said gross domestic product increased by 3.2% in the fourth quarter compared to the 4.1% growth seen in the third quarter. Manufacturing activity in China contracted in January with a seasonally adjusted score of 49.5, the latest PMI from HSBC and Markit Economics revealed Thursday. This is worse than the flash estimate from earlier this month that indicated a score of 49.6.
YOUR MINTVISORY
China official nonmanufacturing Purchasing Managers' Index fell to 53.4 in January from 54.6 in December, the China Federation of Logistics and Purchasing said on Monday. The services subindex declined to 51.5 in January from 52.5 in December and construction fell to 61.0 from 62.6, New orders for the entire nonmanufacturing sector dropped to 50.9 from 51.0. A reading above 50 indicates expansion from the previous month and below indicates contraction. Nonmanufacturing covers services, including retail, aviation and software as well as real estate and construction.
The number of Australian home building permits fell for the third straight month in December, in a sign the boost to activity from low interest rates may be losing some steam. Approvals to build or renovate houses and apartments declined 2.9% from November. In November approvals fell 0.3%
Call us at +91-731-6642300
EPIC RESEARCH– ANALYST SPEAKS 3rd FEBRUARY 2014
SILVER
After long time silver has broken its strong support of 43550 level, and closed at 43309 on Friday. For the day we expect price can take support at 42800 level while 43900 will be resistance level. Braking 42800 level with volume can take price to more downwards at 42500-42450. BUY SILVER ABOVE 43800 TGTS 44050/44400 SL 43500 SELL SILVER BELOW 43050 TGTS 42800/42500 SL 43400
YOUR MINTVISORY
Call us at +91-731-6642300
EPIC RESEARCH– ANALYST SPEAKS 3rd FEBRUARY 2014
GOLD
Gold fell on Friday, notching its first weekly drop in six due to strong US economic growth, concerns over the US Federal Reserve's withdrawal of monetary stimulus and a slump in Chinese demand. MCX Gold April contract trading 800 pts discounted over current contract. For the day price can find support at 28500 level. BUY GOLD(FEB) ABOVE 29680 TGTS 29750/29850 SL 29570 SELL GOLD(FEB) BELOW 29250 TGTS 29170/29070 SL 29360
YOUR MINTVISORY
Call us at +91-731-6642300
EPIC RESEARCH– ANALYST SPEAKS 3rd FEBRUARY 2014
CASTORSEED
RESISTANCE 1
4144.7
RESISTANCE 2
4184.3
PIVOT
4072.7
SUPPORT 1
4040.3
SUPPORT 2
4000.7
Castorseed Feb. looking sideways to bearish in daily chart. Momentum indicators also support bearishness. Profit booking is continue in downside, but expecting price will go down. In intraday basis immediate support @ 4080 & immediate resistance @ 4135. BUY CASTORSEED FEB ABOVE 4135 TGTS 4165,4215 SL 4085 SELL CASTORSEED FEB BELOW 4080 TGTS 4050,4000 SL 4130
YOUR MINTVISORY
Call us at +91-731-6642300
EPIC RESEARCH– ANALYST SPEAKS 3rd FEBRUARY 2014
DHANIYA
RESISTANCE 1
8215.3
RESISTANCE 2
8372.7
PIVOT
8122.7
SUPPORT 1
7965.3
SUPPORT 2
7872.3
In Dhaniya profit booking will continue in higher levels, expecting rally will continue in up upside. Fundamentally also Dhaniya is in bullish trend. Recommending buy on dips, momentum indicator RSI and MACD are above from mid range have plus point of bullishness. Immediate support @ 8010 and immediate resistance @ 8150. BUY DHANIYA FEB ABOVE 8150 TGTS 8180,8230 SL 8100 SELL DHANIYA FEB BELOW 8010 TGTS 7980,7930 SL 8060
YOUR MINTVISORY
Call us at +91-731-6642300
TODAY’S ECONOMIC EVENTS 3rd FEBRUARY 2014
TIME
COUNTRY
EVENT
ACTUAL FORECAST PREVIOUS
MONDAY FEBRUARY 03 ALL DAY
HONG KONG - LUNAR NEW YEAR
ALL DAY
CHINA - LUNAR NEW YEAR
ALL DAY
SINGAPORE - CHINESE NEW YEAR
03:15
NZD
TRADE BALANCE (YOY)
-180M
-250M
03:15
NZD
TRADE BALANCE (MOM)
550M
183M
05:00
JPY
HOUSEHOLD SPENDING (YOY)
1.2%
0.2%
05:00
JPY
TOKYO CORE CPI (YOY)
0.7%
0.7%
05:00
JPY
TOKYO CPI (YOY)
05:20
JPY
INDUSTRIAL PRODUCTION (MOM)
1.2%
-0.1%
06:00
AUD
PPI (QOQ)
0.9%
1.3%
06:00
AUD
PRIVATE SECTOR CREDIT (MOM)
0.4%
0.3%
12:30
EUR
GERMAN RETAIL SALES (MOM)
0.2%
1.5%
13:15
EUR
FRENCH CONSUMER SPENDING (MOM)
-0.4%
1.4%
15:30
EUR
CORE CPI (YOY)
0.8%
0.7%
15:30
EUR
CPI (YOY)
0.9%
0.8%
15:30
EUR
UNEMPLOYMENT RATE
12.1%
12.1%
19:00
CAD
GDP (QOQ)
19:00
CAD
GDP (MOM)
19:00
CAD
GDP ANNUALIZED (QOQ)
19:00
USD
CORE PCE PRICE INDEX (MOM)
0.1%
0.1%
19:00
USD
EMPLOYMENT COST INDEX (QOQ)
0.4%
0.4%
19:00
USD
PERSONAL SPENDING (MOM)
0.2%
0.5%
20:15
USD
CHICAGO PMI
59.0
59.1
20:25
USD
MICHIGAN CONSUMER SENTIMENT
81.0
80.4
YOUR MINTVISORY
0.9%
0.7% 0.2%
0.3% 2.7%
Call us at +91-731-6642300
DISCLAIMER 3rd FEBRUARY 2014 The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most.
Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility.
The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE.
The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for. Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks.
We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.
YOUR MINTVISORY
Call us at +91-731-6642300