DAILY COMMODITY REPORT 08th JANUARY 2014
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DAILY MARKET WRAPUP 08th JANUARY 2014 COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
OI (in lots)
GOLD
05 FEB 2014
29001.00
29060.00
28802.00
28834.00
-0.33
8714
SILVER
05 MAR 2014
45427.00
45575.00
44350.00
44526.00
-1.69
9918
CRUDE
20 JAN. 2013
5857.00
5879.00
5831.00
5856.00
+0.22
12767
NATURAL GAS
28 JAN. 2013
268.20
276.80
268.20
269.90
1.15
13674
COPPER
28 FEB 2014
467.15
467.90
464.20
465.35
-0.30
12926
NICKEL
31 JAN 2013
852.00
853.60
840.20
842.90
-0.74
13482
LEAD
31 JAN 2013
134.95
135.80
133.40
133.55
-1.18
3658
ZINC
31 JAN 2013
127.90
128.05
126.90
127.35
-0.31
3113
ALUMINIUM
31 JAN 2013
109.30
109.75
108.85
109.30
-0.32
1912
LME WAREHOUSE STOCKS (07– JAN- 2014)
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METAL
TONNES IN STORAGE
ALUMINIUM
-3850
COPPER
-3050
LEAD
-500
NICKEL
-138
TIN
70
ZINC
-4525 Call us at +91-731-6642300
INTERNATIONAL MARKETS 08th JANUARY 2014
PRECIOUS AND INDUSTRY METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1,227.40
-2.20
-0.18%
FEB 14
GOLD SPOT
USD/T OZ.
1,228.25
-3.83
-0.31%
N/A
COMEX SILVER
USD/T OZ.
19.75
-0.04
-0.21%
MAR 14
COMEX COPPER
USD/LB.
336.40
+0.45
+0.13%
MAR 14
PLATINUM SPOT
USD/T OZ.
1,412.34
-3.61
-0.26%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/BBL.
93.89
+0.22
+0.23%
FEB 14
CRUDE OIL (BRENT)
USD/BBL.
107.42
+0.07
+0.07%
FEB 14
RBOB GASOLINE
USD/GAL.
267.37
-0.49
-0.18%
FEB 14
NYMEX NATURAL GAS
USD/MMBTU
4.32
+0.02
+0.54%
FEB 14
NYMEX HEATING OIL
USD/GAL.
295.67
-0.26
-0.09%
FEB 14
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INTRADAY SUPPORT AND RESISTANCE 08th JANUARY 2014
COMMODITY
EXPIRY
SUP.3
SUP.2
SUP.1
PIVOT
RES.1
RES.2
RES.3
ALUMINIUM
31-JAN
107.95
108.40
108.85
109.30
109.75
110.20
110.65
COPPER
28-FEB
460.03
462.12
463.73
465.82
467.43
469.52
471.13
CRUDEOIL
20-JAN
5784
5807
5832
5855
5880
5903
5928
GOLD
5-FEB
28479
28641
28737
28899
28995
29157
29253
LEAD
31-JAN
130.30
131.85
132.70
134.25
135.10
136.65
137.50
NATURALGAS
28-JAN
257.87
263.03
266.47
271.63
275.07
280.23
283.67
NICKEL
31-JAN
824.1
832.2
837.5
845.6
850.9
859.0
864.3
SILVER
5-MAR
42834
43592
44059
44817
45284
46042
46509
ZINC
31-JAN
125.67
126.28
126.82
127.43
127.97
128.58
129.12
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MOST ACTIVE CONTRACTS 08th JANUARY 2014
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
SILVERMICRO
28-02-2014
44624.00
4,24,23,14,432.00
95,068
NATURAL GAS
28-01-2014
271.60
1,84,29,418.00
67,855
SILVER M
28-02-2014
44623.00
2,24,31,08,964.00
50,268
CRUDE OIL
20-01-2014
5859.00
28,71,61,308.00
49,012
SILVER
05-03-2014
44601.00
1,12,28,30,175.00
25,175
COPPER
28-02-2014
465.65
89,85,648.05
19,297
LEADMINI
31-01-2014
133.60
25,39,468.80
19,008
GOLD M
05-02-2014
29005.00
50,70,36,405.00
17,481
NICKEL
31-01-2014
844.80
1,42,77,964.80
16,901
GOLD
05-02-2014
28877.00
46,50,06,331.00
16,103
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COMMODITY BUZZ AND ECONOMIC EVENTS 08th JANUARY 2014
SPECIAL NEWS :
US home prices surged in November. The Prices rose 0.1% on a monthly basis to take year-on-year gains to 11.8%, the 21st straight month of year-over-year gains. CoreLogic's pending home price forecast a 0.1% monthly drop for December and a year-on-year gain of 11.5%- marking the best year since 2005. The outlook for 2014 looks a bit less robust as regulatory complexities and tight credit can be expected to cool the housing market. Eurozone inflation declined 0.8 % in December from 0.9% in November. The rate was forecast to remain unchanged at 0.9%. The European Central Bank aims at inflation rates of below, but close to, 2% over the medium term. Data today showed that cost of food, alcohol and tobacco advanced 1.8% and that of services gained 1%. At the same time, energy prices remained flat in December. Excluding energy, food, alcohol and tobacco, core inflation eased to 0.7% from 0.9% in Nov. The statistical office will release a detailed report on January 16.
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COMMODITY BUZZ :
Surging internal violence, ongoing security and political challenges in Iraq are expected to put pressure on crude oil production, exports from the county in 2014, said London based Barclays in its recent weekly report. Northern Iraqi oil exports could theoretically improve in the coming year, but continued pipeline sabotage is likely to threaten exports via KirkukCeyhan.
Natural gas production in the northeastern US rose from 2.1 bn cubic feet per day (Bcf/d) in 2008 to 12.3 Bcf/d in 2013. This trend has reduced the cost and increased the supply of natural gas in the North-east. Despite recent gains, drilling for natural gas is down 57% since peaking in October 2011 at 936 but so far gas production has not slowed much from the record high hit last year. Colder winter temperatures in 2013 and 2014 (compared with the record-warm temperatures in 2012) have in-creased the amount of natural gas used for residential and commercial space heating.
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EPIC RESEARCH– ANALYST SPEAKS 08th JANUARY 2014
SILVER MCX:
The SILVER rate touched an intraday high of Rs 45575 and an intraday low of Rs 44350. 25680 contracts had been traded. Silver opened at morning with gap up and made day high. In mid session silver traded in narrow range and made night low of 44350 . After evening there had been seen more selling in silver and it will helpful to break the nearest support 44300. BUY SILVER ABOVE 44700 TGTS 44900/45200 SL 44340 SELL SILVER BELOW 44280 TGTS 44080/43780 SL 44630
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EPIC RESEARCH– ANALYST SPEAKS 08th JANUARY 2014
GOLD MCX:
The GOLD rate touched an intraday high of Rs 29060 and an intraday low of Rs 28002. 16380 contracts had been traded. Gold Price was taking support at 28800 traded in sideways big range all day. In evening session gold price broke the nearest support 28900 and made low of 28002. BUY GOLD ABOVE 29020 TGTS 29100/29200 SL 28900 SELL GOLD BELOW 28790 TGTS 28710/28610 SL 28900
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TODAY’S ECONOMIC EVENTS 08th JANUARY 2014
Time
Counrty
Event
Actual Forecast Previous
WEDNESDAY, JANUARY 8
15:30
EUR
RETAIL SALES (YOY)
0.3%
-0.1%
15:30
EUR
RETAIL SALES (MOM)
0.2%
-0.2%
15:30
EUR
UNEMPLOYMENT RATE
12.1%
12.1%
16:30
EUR
GERMAN FACTORY ORDERS (MOM)
1.5%
-2.2%
18:45
USD
ADP NONFARM EMPLOYMENT CHANGE
200K
215
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