DAILY COMMODITY REPORT 5th FEBRUARY 2014
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DAILY MARKET WRAPUP 5th FEBRUARY 2014 COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
OI (in lots)
GOLD
05 APR 2014
28980.00
29000.00
28606.00
28632.00
-0.61
9631
SILVER
05 MAR 2014
43717.00
43913.00
43405.00
43858.00
-0.44
13015
CRUDE
19 FEB 2014
6075.00
6114.00
6048.00
6083.00
-0.12
10328
NATURAL GAS
25 FEB 2014
312.20
330.70
312.20
310.70
5.83
17938
COPPER
28 FEB 2014
443.35
444.85
441.05
443.65
-0.46
13414
NICKEL
28 FEB 2014
870.30
877.50
861.70
870.80
-0.52
5158
LEAD
28 FEB 2014
130.85
132.70
130.00
130.65
0.00
2870
ZINC
28 FEB 2014
122.50
123.50
121.90
122.85
-0.49
2151
ALUMINIUM
28 FEB 2014
104.05
104.95
103.50
103.90
0.24
5014
LME WAREHOUSE STOCKS (04-FEB- 2014)
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METAL
TONNES IN STORAGE
ALUMINIUM
-7750
COPPER
-600
LEAD
-500
NICKEL
-126
ZINC
-4675 Call us at +91-731-6642300
INTERNATIONAL MARKETS 5th FEBRUARY 2014
PRECIOUS AND INDUSTRY METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1,254.60
+3.40
+0.27%
APR 14
GOLD SPOT
USD/T OZ.
1,254.96
+0.31
+0.02%
N/A
COMEX SILVER
USD/T OZ.
19.56
+0.13
+0.68%
MAR 14
COMEX COPPER
USD/LB.
320.35
+1.15
+0.36%
MAR 14
PLATINUM SPOT
USD/T OZ.
1,376.13
+1.75
+0.13%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/BBL.
97.56
+0.37
+0.38%
MAR 14
CRUDE OIL (BRENT)
USD/BBL.
105.86
+0.08
+0.08%
MAR 14
RBOB GASOLINE
USD/GAL.
260.89
+0.58
+0.22%
MAR 14
NYMEX NATURAL GAS
USD/MMBTU
5.27
-0.10
-1.90%
MAR 14
NYMEX HEATING OIL
USD/GAL.
299.22
+0.93
+0.31%
MAR 14
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INTRADAY SUPPORT AND RESISTANCE 5th 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-APR
28330
28482
28750
28902
29170
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 5th FEBRUARY 2014
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
NATURAL GAS
25-02-2014
328.80
3,45,14,793.60
1,04,972
SILVERMICRO
28-02-2014
43687.00
3,26,12,34,550.00
74,650
CRUDE OIL
19-02-2014
6076.00
28,11,97,280.00
46,280
SILVER M
28-02-2014
43691.00
1,68,03,55,860.00
38,460
LEADMINI
28-02-2014
130.70
28,78,667.50
22,025
SILVER
05-03-2014
43666.00
90,86,02,128.00
20,808
COPPER
28-02-2014
441.60
88,20,960.00
19,975
COPPERMINI
28-02-2014
441.65
67,02,480.40
15,176
NICKEL
28-02-2014
866.30
1,31,16,648.30
15,141
NICKELMINI
28-02-2014
866.00
1,26,27,146.00
14,581
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TODAY,S COMMODITY NEWS 5th FEBRUARY 2014
COMMODITY HEADLINES
Government cuts import tariff value of gold & silver
Gold import likely below 500 tonnes in FY14: GJF
Zinc down 0.16% on global cues, subdued demand
Nickel remains weak on sluggish demand
Copper falls by 0.1% on global cues
Chana up 1% on good demand
Coriander gains 1.13% on spot demand
Potato gains marginally on spot demand
Oil prices down in Asia on weak Chinese data
Oil prices mixed after Fed taper decision
Kerala will procure rubber to stabilise prices: CM
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COMMODITY BUZZ AND ECONOMIC EVENTS 5th FEBRUARY 2014
SPECIAL NEWS
For the second session in a row. MCX Gold contract showed correction and vulnerability near Rs 29050 per 10 grams. Prices of benchmark Gold for April settlement closed at Rs 28632 per 10 grams, down 1.35% on 4 February 2014. Cautious trades are recommended in Gold and Silver contracts due to increased volatility in the last two days. Local speculators are probably channelizing the trades, as International markets showed limited moves on Tuesday. Gold should hold onto Rs 28454 per 10 grams levels.
MCX Crude Oil looks in a consolidation mode, and technically looked to form cup with handle formation before 31 January 2014. This is a bullish pattern and marks the period of consolidation. The consolidation period is followed by the breakout. However, after testing a high of Rs 6199 per barrel on 31 January 2014, prices have seen a decline. This was a failure of the pattern to get conformed. Therefore a selling pressure can very much continue in the prices of Crude Oil with supports emerging at Rs 5950 per barrel.
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COMMODITY BUZZ
The purchasing managers' index (PMI) for China's nonmanufacturing sector slipped for a third straight month in January due to slowdown in the real estate sector, as per the latest data. The index dropped to 53.4 percent in January, the lowest since February 2012, from 54.6 percent in December, according to official data release. A PMI reading above 50 percent indicates expansion, while a reading below 50 percent reflects contraction. The decline in PMI for Non manufacturing has come at a time when China has faced a cut in the manufacturing PMI numbers, a week before
UK purchasing managers' index, a measure of the country's construction sector performance, rose to 64.6 in January from 62.1 in December. Construction sector activity expanded at the fastest pace in nearly six-and-a-half years in January, a survey by Markit Economics and the Chartered Institute of Purchasing and Supply (CIPS) revealed Tuesday. The January reading was the highest since August 2007. The index has now posted above the boom-or-bust threshold of 50 for nine successive months.
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EPIC RESEARCH– ANALYST SPEAKS 5th FEBRUARY 2014
SILVER
SILVER MCX Short term trend is down, Immediate support @ 43500 Immediate Resistance @ 44250SILVER MCX Closed @ 43858. Yesterday Intraday Range of SILVER MCX was 508. Open Interest, Volumes were 21080 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 5th FEBRUARY 2014
GOLD
GOLD MCX Short term trend is down, Immediate support @ 28600Immediate Resistance @ 29000 GOLD MCX Closed @ 28632 . Yesterday Intraday Range of GOLD MCX was 389 Open Interest. Volumes were 13535 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 5th 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, recommending sell on high. In Intraday basis immediate support @ 4030 & immediate resistance @ 4135. BUY CASTORSEED FEB ABOVE 4135 TGTS 4165,4215 SL 4085 SELL CASTORSEED FEB BELOW 4030 TGTS 4000,3950 SL 4080
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EPIC RESEARCH– ANALYST SPEAKS 5th FEBRUARY 2014
DHANIYA
RESISTANCE 1
8950.3
RESISTANCE 2
9018.7
PIVOT
8860..3
SUPPORT 1
8792.7
SUPPORT 2
8702.7
Daily chart of Dhaniya shows bullishness and it will continue its rally from nearest support level to upper side. Fundamentally also Dhaniya is in bullish trend. Recommending buy on dips, momentum indicator RSI is below mid range. But All over Dhaniya is in bullish trend. Immediate support @ 8000 and immediate resistance @ 8085. BUY DHANIYA FEB ABOVE 8085 TGTS 8115,8165 SL 8035 SELL DHANIYA FEB BELOW 8000 TGTS 7970,7920 SL 8050
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TODAY’S ECONOMIC EVENTS 5th FEBRUARY 2014
TIME
COUNTRY
EVENT
ACTUAL FORECAST PREVIOUS
WEDNESDAY, FEBRUARY 5 03:15
NZD
EMPLOYMENT CHANGE (QOQ)
0.6%
1.2%
03:15
NZD
UNEMPLOYMENT RATE
6.0%
6.2%
13:43
EUR
SPANISH SERVICES PMI
54.8
54.2
14:13
EUR
ITALIAN SERVICES PMI
48.6
47.9
14:18
EUR
FRENCH SERVICES PMI
48.6
48.6
14:23
EUR
GERMAN SERVICES PMI
53.6
53.6
14:28
EUR
SERVICES PMI
51.9
51.9
14:58
GBP
SERVICES PMI
59.0
58.8
15:30
EUR
RETAIL SALES (MOM)
-0.5%
1.4%
15:30
EUR
RETAIL SALES (YOY)
1.5%
1.6%
18:45
USD
ADP NONFARM EMPLOYMENT CHANGE
180K
238K
19:00
CAD
BUILDING PERMITS (MOM)
2.0%
-6.7%
20:30
USD
ISM NON-MANUFACTURING EMPLOYMENT
20:30
USD
ISM NON-MANUFACTURING PMI
YOUR MINTVISORY
55.8 53.7
53.0 Call us at +91-731-6642300
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