DAILY COMMODITY REPORT 6th FEBRUARY 2014
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DAILY MARKET WRAPUP 6th FEBRUARY 2014 COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
OI (in lots)
GOLD
05 APR 2014
28720.00
29080.00
28689.00
28632.00
0.47
9433
SILVER
05 MAR 2014
43772.00
45223.00
43772.00
43557.00
2.05
10803
CRUDE
19 FEB 2014
6080.00
6154.00
6068.00
6075.00
0.36
10079
NATURAL GAS
25 FEB 2014
334.50
359.40
323.30
333.60
-1.35
15148
COPPER
28 FEB 2014
442.065
444.95
441.30
441.15
0.18
12463
NICKEL
28 FEB 2014
867.90
876.80
862.80
864.40
0.20
6625
LEAD
28 FEB 2014
131.25
132.50
130.80
130.70
0.27
2964
ZINC
28 FEB 2014
122.80
123.90
122.60
122.45
0.73
2130
ALUMINIUM
28 FEB 2014
104.20
105.50
104.20
104.05
1.11
4157
LME WAREHOUSE STOCKS (05-FEB- 2014)
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METAL
TONNES IN STORAGE
ALUMINIUM
-7400
COPPER
-2050
NICKEL
-162
LEAD
-500
ZINC
-6250 Call us at +91-731-6642300
INTERNATIONAL MARKETS 6th FEBRUARY 2014
PRECIOUS AND INDUSTRY METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1,257.10
+0.20
+0.02%
APR 14
GOLD SPOT
USD/T OZ.
1,257.04
-0.88
-0.07%
N/A
COMEX SILVER
USD/T OZ.
19.91
+0.10
+0.50%
MAR 14
COMEX COPPER
USD/LB.
319.35
+0.50
+0.16%
MAR 14
PLATINUM SPOT
USD/T OZ.
1,382.81
+2.18
+0.16%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/BBL.
97.48
+0.10
+0.10%
MAR 14
CRUDE OIL (BRENT)
USD/BBL.
106.27
+0.02
+0.02%
MAR 14
RBOB GASOLINE
USD/GAL.
264.85
+4.54
+1.74%
MAR 14
NYMEX NATURAL GAS
USD/MMBTU
5.16
+0.13
+2.54%
MAR 14
NYMEX HEATING OIL
USD/GAL.
299.46
-0.22
-0.07%
MAR 14
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INTRADAY SUPPORT AND RESISTANCE 6th FEBRUARY 2014
COMMODITY
EXPIRY
SUP.3
SUP.2
SUP.1
PIVOT
RES.1
ALUMINIUM
28-FEB
101.93
102.72
103.38
104.17
104.83
COPPER
28-FEB
435.47
438.08
439.62
442.23
443.77
CRUDEOIL
19-FEB
5978
6013
6044
6079
6110
GOLD
5-APR
28098
28352
28492
28746
28886
LEAD
28-FEB
126.87
128.43
129.57
131.13
132.27
NATURALGAS
25-FEB
295.53
303.87
318.73
327.07
341.93
NICKEL
28-FEB
842.4
852.1
858.2
867.9
874.0
SILVER
5-MAR
42829
43117
43337
43625
43845
ZINC
28-FEB
120.13
121.02
121.73
122.62
123.33
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MOST ACTIVE CONTRACTS 6th FEBRUARY 2014
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
NATURAL GAS
25-02-2014
329.10
6,17,02,300.80
1,87,488
SILVERMICRO
28-02-2014
44492.00
6,48,63,10,712.00
1,45,786
SILVER M
28-02-2014
44481.00
2,95,24,26,375.00
66,375
CRUDE OIL
19-02-2014
6097.00
37,53,31,320.00
61,560
SILVER
05-03-2014
44450.00
1,52,58,35,150.00
34,327
COPPER
28-02-2014
441.95
95,23,138.60
21,548
GOLD M
05-03-2014
29304.00
50,31,49,680.00
17,170
GOLD
05-04-2014
28766.00
48,00,75,774.00
16,689
COPPERMINI
28-02-2014
442.10
69,83,853.70
15,797
LEADMINI
28-02-2014
131.05
20,61,416.50
15,730
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TODAY,S COMMODITY NEWS 6th FEBRUARY 2014
COMMODITY HEADLINES
Silver futures up 0.73% on global cues and Gold down 0.27% in futures trade
Copper up 0.47% on strong global cues
Aluminium rises on spot demand, overseas cues
Lead up 0.5% on strong spot demand, overseas cues
Arabica coffee prices post biggest gain since 2004
Groundnut oil trading at four years low on weak demand
Potato gains 1.16% on rise in spot demand
Crude oil down 0.18% on mixed Asian cues
Oil prices down in Asia on weak Chinese data
Oil prices mixed after Fed taper decision
MCX board to meet on Friday over regulatory diktat on FT stake
Rubber procurement to stay till prices reach Rs 171 per kg
Mentha oil declines over 1% on profit-booking
ONGC to sell additional gas to Steel Exchange India
Gold holds above $1,250 amid shaky equities; physical demand weak
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COMMODITY BUZZ AND ECONOMIC EVENTS 6th FEBRUARY 2014
SPECIAL NEWS
US Gold futures continued the early recovery on bargain buying, ahead of the ADP employment data scheduled to release later Wednesday. The U.S. is to release the ADP report on private sector job creation, which leads the government's highly-anticipated nonfarm payrolls report by two days, while the ISM is to publish a report service sector activity. Asia's stock markets were ended Wednesday's session on a mixed note with shares in Japan bouncing off the previous session's three-month low on the back of upbeat corporate earnings. European stock markets were rebounded on Wednesday, from three consecutive days of losses, helped higher by well-received earnings reports from Swatch Group and Alfa Laval. Data firm Markit said its composite Purchasing Managers Index for the euro zone increased to 52.9 in January from 52.1 in December, signaling the most rapid expansion since June 2011. However, the final January reading was lower than the preliminary estimate of 53.2 released last month.
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COMMODITY BUZZ
India's steel exports to Thailand could be affected after a recent duty imposition, states a latest update from the Ministry of Commerce and Industry. Recently, Thailand imposed a definitive safeguard duty on imports of certain hot rolled steel flat products originating from India at the ad valorem rate of 44.2% for the period 15th September 2013 to 26th February, 2014. This would be progressively reduced as per the provisions of Agreement on Safeguard under the World Trade Organization (WTO).
The seasonally adjusted volume of retail trade fell by 1.6% in the Euro zone in December 2013 as compared with November 2013, after surging 0.90% in November2013, according to estimates from Eurostat, the statistical office of theEuropean Union. On an annual basis, the retail sales index decreased by 1% inthe Euro zone , after surging 1.30% in the month of November 2013. U.K.'s services sector activity grew again in January, but at a marginally slower pace than in December, in line with the manufacturing sector, a survey showed Wednesday. Despite the slowdown in the pace of expansion.
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EPIC RESEARCH– ANALYST SPEAKS 6th FEBRUARY 2014
SILVER
SILVER MCX Short term trend is UP, Immediate support @ 43500Immediate Resistance @ 44250 SILVER MCX Closed @ 43557.00 Yesterday Intraday Range of SILVER MCX was 1451. Volumes were 34580 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements.
BUY SILVER ABOVE 44700 TGTS 44900/45200 SL 44300 SELL SILVER BELOW 44300 TGTS 44100/43800 SL 44700
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EPIC RESEARCH– ANALYST SPEAKS 6th FEBRUARY 2014
GOLD
GOLD MCX Short term trend is UP Immediate support @ 28600Immediate Resistance @ 29000 GOLD MCX Closed @ 28632.00 Yesterday Intraday Range of GOLD MCX was 391 Volumes were 16800 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements.
BUY GOLD(APR) ABOVE 28900 TGTS 28980/29080 SL 28780 SELL GOLD(APR) BELOW 28600 TGTS 28520/28420 SL 28720
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EPIC RESEARCH– ANALYST SPEAKS 6th FEBRUARY 2014
CASTORSEED
RESISTANCE 1
4144.7
RESISTANCE 2
4184.3
PIVOT
4072.7
SUPPORT 1
4040.3
SUPPORT 2
4000.7
Catorseed Feb. looking sideways to bearish in daily chart. Momentum indicators also support bearishness, recommending sell on high. In Intraday basis immediate support @ 3990 &immediate resistance @ 4110.
BUY CASTORSEED FEB ABOVE 4110 TGTS 4140,4190 SL 4060 SELL CASTORSEED FEB BELOW 3990 TGTS 3960,3910 SL 4040
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EPIC RESEARCH– ANALYST SPEAKS 6th FEBRUARY 2014
DHANIYA
RESISTANCE 1
8215.3
RESISTANCE 2
8372.7
PIVOT
8122.7
SUPPORT 1
7965.3
SUPPORT 2
7872.3
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 @ 8010 and immediate resistance @ 8110. BUY DHANIYA FEB ABOVE 8110 TGTS 8140,8190 SL 8060 SELL DHANIYA FEB BELOW 8010 TGTS 7980,7930 SL 8060
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TODAY’S ECONOMIC EVENTS 6th FEBRUARY 2014
TIME
COUNTRY
EVENT
ACTUAL FORECAST PREVIOUS
THURSDAY, FEBRUARY 6 ALL DAY
HOLIDAY
NEW ZEALAND - WAITANGI DAY
06:00
AUD
NAB QUARTERLY BUSINESS CONFIDENCE
06:00
AUD
RETAIL SALES (MOM)
0.4%
0.7%
06:00
AUD
TRADE BALANCE
-0.300B
-0.118B
12:15
CHF
SECO CONSUMER CLIMATE
1
-5
16:30
EUR
GERMAN FACTORY ORDERS (MOM)
0.4%
2.1%
17:30
GBP
BOE QE TOTAL
375B
375B
17:30
GBP
INTEREST RATE DECISION
0.50%
0.50%
18:15
EUR
INTEREST RATE DECISION
0.25%
0.25%
19:00
CAD
EXPORTS
40.00B
39.78B
19:00
CAD
TRADE BALANCE
-1.00B
-0.94B
19:00
EUR
ECB PRESS CONFERENCE
19:00
USD
INITIAL JOBLESS CLAIMS
335K
348K
19:00
USD
NONFARM PRODUCTIVITY (QOQ)
2.5%
3.0%
19:00
USD
TRADE BALANCE
-36.00B
-34.30B
19:00
USD
UNIT LABOR COSTS (QOQ)
-0.5%
-1.4%
20:30
CAD
IVEY PMI
51.0
46.3
YOUR MINTVISORY
3.00
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