DAILY COMMODITY REPORT 4rd FEBRUARY 2014
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DAILY MARKET WRAPUP 4rd FEBRUARY 2014 COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
OI (in lots)
GOLD
05 FEB 2014
29500.00
29885.00
29399.00
29485.00
0.80
15518
SILVER
05 MAR 2014
43250.00
44150.00
42928.00
43220.00
1.05
12662
CRUDE
19 FEB 2014
6151.00
6151.00
6058.00
6156.00
-0.68
10740
NATURAL GAS
25 FEB 2014
302.80
311.20
298.60
320.30
-3.43
15006
COPPER
28 FEB 2014
444.40
446.00
442.80
447.05
-0.82
11910
NICKEL
28 FEB 2014
876.20
887.90
867.60
866.80
0.54
4986
LEAD
28 FEB 2014
132.75
132.75
130.65
132.70
-1.43
3221
ZINC
28 FEB 2014
123.50
123.70
122.45
124.25
-1.17
2211
ALUMINIUM
28 FEB 2014
105.80
106.10
103.95
107.10
-2.94
4746
LME WAREHOUSE STOCKS (31 JAN- 2014)
YOUR MINTVISORY
METAL
TONNES IN STORAGE
ALUMINIUM
-7600
COPPER
-650
LEAD
-50
NICKEL
-540
ZINC
-4350 Call us at +91-731-6642300
INTERNATIONAL MARKETS 4rd FEBRUARY 2014
PRECIOUS AND INDUSTRY METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1,256.20
-3.70
-0.29%
APR 14
GOLD SPOT
USD/T OZ.
1,256.56
-1.09
-0.09%
N/A
COMEX SILVER
USD/T OZ.
19.33
-0.08
-0.41%
MAR 14
COMEX COPPER
USD/LB.
318.15
-0.20
-0.06%
MAR 14
PLATINUM SPOT
USD/T OZ.
1,381.63
-0.87
-0.06%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/BBL.
96.58
+0.15
+0.16%
MAR 14
CRUDE OIL (BRENT)
USD/BBL.
105.99
-0.05
-0.05%
MAR 14
RBOB GASOLINE
USD/GAL.
260.99
-2.15
-0.82%
MAR 14
NYMEX NATURAL GAS
USD/MMBTU
5.05
+0.10
+1.94%
MAR 14
NYMEX HEATING OIL
USD/GAL.
300.46
+0.75
+0.25%
MAR 14
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INTRADAY SUPPORT AND RESISTANCE 4rd FEBRUARY 2014
COMMODITY
EXPIRY
SUP.3
SUP.2
SUP.1
PIVOT
RES.1
ALUMINIUM
28-FEB
100.80
102.30
103.10
104.60
105.40
COPPER
28-FEB
439.10
440.95
442.30
444.15
445.50
CRUDEOIL
19-FEB
5951
6004
6044
6097
6137
GOLD
5-FEB
29048
29224
29534
29710
30020
LEAD
28-FEB
127.60
129.05
129.85
131.30
132.10
NATURALGAS
25-FEB
288.53
293.57
302.13
307.17
315.73
NICKEL
28-FEB
842.7
855.1
863.0
875.4
883.3
SILVER
5-MAR
41919
42423
43141
43645
44363
ZINC
28-FEB
121.05
121.75
122.30
123.00
123.55
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MOST ACTIVE CONTRACTS 4rd FEBRUARY 2014
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
SILVERMICRO
28-02-2014
43710.00
3,97,17,96,570.00
90,867
NATURAL GAS
25-02-2014
309.30
2,68,23,114.60
86,722
CRUDE OIL
19-02-2014
6114.00
41,33,73,654.00
67,611
SILVER M
28-02-2014
43715.00
2,03,64,63,275.00
46,585
SILVER
05-03-2014
43675.00
1,05,35,28,350.00
24,122
COPPER
28-02-2014
443.40
76,18,498.80
17,182
LEADMINI
28-02-2014
130.85
17,65,166.50
13,490
COPPERMINI
28-02-2014
443.30
56,44,982.20
12,734
NICKEL
28-02-2014
871.50
1,08,34,488.00
12,432
NICKELMINI
28-02-2014
871.10
1,03,44,312.50
11,875
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TODAY,S COMMODITY NEWS 4rd FEBRUARY 2014
COMMODITY HEADLINES
Gold import likely below 500 tonnes in FY14: GJF
Hedging by gold miners at decade low in Sept quarter
Gold falls 1% as Fed taper weighs, China demand fades
Zinc down by 0.6% on subdued demand
Coffee exports up 38% in Jan on strong global prices
Chana down 0.70% on increased supply, weak demand
Oil prices mixed after Fed taper decision
Oil prices down in Asian trade
Oil rebounds in Asia on bargain hunting
Commexes seek reforms: Urge series of steps on govt, FMC
Mentha oil down 0.7% on sluggish demand
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COMMODITY BUZZ AND ECONOMIC EVENTS 4rd FEBRUARY 2014
SPECIAL NEWS
Gold held on to sharp overnight gains on Tuesday as Asian equities slumped and investors worried over U.S. economic growth after disappointing manufacturing data. Asian shares tumbled with Nikkei falling 3 per cent, after Wall Street suffered its worst drop since June and as markets continued to fret over an emerging market rout. Equities have come under pressure this year due to slowing growth in China and capital outflows from emerging nations where the US Federal Reserve's stimulus tapering is taking a toll. Gold is gaining as it is often seen as an alternative investment to stocks and other risky assets Bullion snapped five weeks of advances last week, falling 2 per cent, but posted a 3.2 per cent gain in January for the first monthly increase in five, owing to weakness in global equities gripped by concerns over emerging economies US gold futures for February delivery rose 1.8 per cent to $1,262.20 an ounce.
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COMMODITY BUZZ
The Indian Government Monday cut the import tariff value on gold and silver to $404 per ten grams and $635 per kg, respectively, taking into account the volatility in the global prices. Import tariff value is the base price at which customs duty is determined to prevent under-invoicing. The tariff value is revised on a fortnightly basis after analysing the global price trend. The notification in this regard has been issued by the Central Board of Excise and Customs ( CBEC),
U.S. manufacturing activity registered modest growth in the month of January, the Institute for Supply Management showed on Monday. The ISM said its purchasing managers index fell to 51.3 in January from a revised 56.5 in December. A reading above 50 indicates continued growth in the manufacturing sector. With the much steeper than expected decrease, the purchasing managers index fell to its lowest level since hitting 50.0 in May of 2013,
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EPIC RESEARCH– ANALYST SPEAKS 4rd FEBRUARY 2014
SILVER
SILVER MCX Short term trend is UP, Immediate support @ 43550 Immediate Resistance @ 44250 SILVER MCX Closed @ 43858 . Yesterday Intraday Range of SILVER MCX was 1222. Open Interest was UP 12092, Volumes were 25648 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY SILVER ABOVE 43950 TGTS 44150/44450 SL 43550 SELL SILVER BELOW 43550 TGTS 43350/43050 SL 43950
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EPIC RESEARCH– ANALYST SPEAKS 4rd FEBRUARY 2014
GOLD
GOLD MCX Short term trend is UP, Immediate support @ 28850Immediate Resistance @ 29050 GOLD MCX Closed @ 29017 . Yesterday Intraday Range of GOLD MCX was 420 Open Interest was UP 9641 Volumes were 12613 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY GOLD(APR) ABOVE 29050 TGTS 29130/29230 SL 28940 SELL GOLD(APR) BELOW 28850 TGTS 28770/28670 SL 28960
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EPIC RESEARCH– ANALYST SPEAKS 4rd FEBRUARY 2014
CASTORSEED
RESISTANCE 1
4173.7
RESISTANCE 2
4217.3
PIVOT
4143.7
SUPPORT 1
4099.0
SUPPORT 2
4069.0
Castorseed Feb. looking sideways to bearish in daily chart. Momentum indicators also support bearishness, recommending sell on high. In Intraday basis immediate support @ 4040 &immediate resistance @ 4120. BUY CASTORSEED FEB ABOVE 4120 TGTS 4150,4200 SL 4070 SELL CASTORSEED FEB BELOW 4040 TGTS 4010,3960 SL 4090
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EPIC RESEARCH– ANALYST SPEAKS 4rd FEBRUARY 2014
DHANIYA
RESISTANCE 1
8950.3
RESISTANCE 2
9018.7
PIVOT
8860..3
SUPPORT 1
8792.7
SUPPORT 2
8702.7
From last 3 days profit booking was continue from upper side today, now expecting rally will continue in up upside. Fundamentally also Dhaniya is in bullish trend. Recommending buy on dips, momentum indicator RSI and MACD signs bull. Immediate support @ 8015 and immediate resistance @ 8150. BUY DHANIYA FEB ABOVE 8150 TGTS 8180,8230 SL 8100 SELL DHANIYA FEB BELOW 8015 TGTS 8085,8035 SL 8065
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TODAY’S ECONOMIC EVENTS 4rd FEBRUARY 2014
TIME
COUNTRY
EVENT
ACTUAL FORECAST PREVIOUS
TUESDAY, FEBRUARY 4
TIME
COUNTRY
EVENT
04:30
KRW
SOUTH KOREAN CPI (YOY)
1.1%
1.1%
1.1%
09:00
AUD
INTEREST RATE DECISION
2.50%
2.50%
2.50%
09:00
AUD
RBA RATE STATEMENT
13:30
EUR
SPANISH UNEMPLOYMENT CHANGE
-21.0K
-107.6K
15:00
GBP
CONSTRUCTION PMI
61.5
62.1
19:30
USD
TREASURY SECRETARY LEW SPEAKS
20:30
USD
FACTORY ORDERS (MOM)
-1.7%
1.8%
YOUR MINTVISORY
ACTUAL FORECAST PREVIOUS
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