DAILY COMMODITY REPORT 10th DECEMBER 2013
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DAILY MARKET WRAPUP 10th DECEMBER 2013 COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
OI (in lots)
GOLD
05 FEB 2013
28921
29159
28842
29117
-0.50
9137
SILVER
05 MAR 2013
43951
44317
43737
44160
-0.70
10538
CRUDE
18 DEC 2013
5983
5995
5933
5953
-1.29
10741
NATURAL GAS
26 DEC 2013
254.5
259
254.3
258.50
+1.65
18818
COPPER
28 FEB 2013
445.7
446.2
443.7
445.8
-0.40
13469
NICKEL
31 DEC 2013
843
853.50
841.2
852.9
+0.32
8149
LEAD
29 NOV 2013
127.20
128.55
126.75
128.25
-0.04
2477
ZINC
29 NOV 2013
115.5
117.60
115.4
117.2
+0.69
3773
ALUMINIUM
31 DEC 2013
106.8
108.00
106.7
107.85
+0.61
2069
LME WAREHOUSE STOCKS (28 - NOV- 2013)
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METAL
TONNES IN STORAGE
ALUMINIUM
-10175
COPPER
-2825
LEAD
-975
NICKEL
-12
TIN
UNCHANGED
ZINC
-4700 Call us at +91-731-6642300
INTERNATIONAL MARKETS 10th DECEMBER 2013
PRECIOUS AND INDUSTRY METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1,238.80
+4.60
+0.37%
FEB 14
GOLD SPOT
USD/T OZ.
1,239.56
-0.79
-0.06%
N/A
COMEX SILVER
USD/T OZ.
19.76
+0.24
+1.21%
MAR 14
COMEX COPPER
USD/LB.
325.20
-0.60
-0.18%
MAR 14
PLATINUM SPOT
USD/T OZ.
1,375.40
+0.85
+0.06%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/BBL.
97.53
+0.19
+0.20%
JAN 14
CRUDE OIL (BRENT)
USD/BBL.
109.57
+0.18
+0.16%
JAN 14
RBOB GASOLINE
USD/GAL.
267.86
+0.37
+0.14%
JAN 14
NYMEX NATURAL GAS
USD/MMBTU
4.23
0.00
+0.05%
JAN 14
NYMEX HEATING OIL
USD/GAL.
301.76
+0.33
+0.11%
JAN 14
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INTRADAY SUPPORT AND RESISTANCE 10th DECEMBER 2013
COMMODITY
EXPIRY
SUP.3
SUP.2
SUP.1
PIVOT
RES.1
RES.2
RES.3
ALUMINIUM
31-Dec
105.42
106.13
106.72
107.43
108.02
108.73
109.32
COPPER
28-Feb
437.92
441.63
443.97
447.68
450.02
453.73
456.07
CRUDEOIL
18-Dec
5850
5911
5946
6007
6042
6103
6138
GOLD
5-Feb
28036
28378
28666
29008
29296
29638
29926
LEAD
31-Dec
125.02
126.13
126.77
127.88
128.52
129.63
130.27
NATURALGAS
26-Dec
245.17
248.93
251.17
254.93
257.17
260.93
263.17
NICKEL
31-Dec
825.8
834.7
839.7
848.6
853.6
862.5
867.5
SILVER
5-Mar
42408
42996
43524
44112
44640
45228
45756
ZINC
31-Dec
113.62
114.58
115.17
116.13
116.72
117.68
118.27
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MOST ACTIVE CONTRACTS 10th DECEMBER 2013
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
SILVERMICRO
28-02-2014
44186.00
2,40,91,97,464.00
54,524
NATURAL GAS
26-12-2013
258.70
1,11,48,935.20
43,096
CRUDE OIL
18-12-2013
5956.00
22,72,51,180.00
38,155
SILVER M
28-02-2014
44190.00
1,27,21,85,910.00
28,789
COPPER
28-02-2014
445.30
78,16,796.20
17,554
GOLD PETAL
31-12-2013
3022.00
4,95,18,492.00
16,386
SILVER
05-03-2014
44150.00
64,56,05,450.00
14,623
GOLD M
03-01-2014
29840.00
43,39,33,280.00
14,542
COPPERMINI
28-02-2014
445.20
57,31,504.80
12,874
GOLD
05-02-2014
29058.00
34,95,96,798.00
12,031
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COMMODITY BUZZ AND ECONOMIC EVENTS 10th DECEMBER 2013
SPECIAL NEWS :
China will tighten approvals of new coal mines and ban imports of low-quality coal in order to curb the disorderly growth of coal production and promote sustainable development of the coal industry. New coal mines with annual output of below 300,000 tons will no longer gain approval. Existing coal mines with an output of less than 90,000 tons will be gradually eliminated from the industry, and coal mines that fail to meet safety standards will be shut down. The Federal Reserve should begin to pull back the pace of its asset purchase program at the earliest opportunity, said Richard Fisher the president of the Dallas Federal Reserve Bank, on Monday. Fisher said the Fed should publicly release a clearly articulated, well-defined calendar to put the monthly $85 billion in asset purchases on a steady path to zero. . The Japanese govt. lowered the reading of the country's growth over the third quarter, saying capital expenditure was weaker than first thought. Japan's gross domestic product, or the total value of goods and services produced, grew an annualized 1.1% in the JulySeptember period from the previous quarter .
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COMMODITY BUZZ :
Money managers have increased the long positions in Copper for the second week in a row. The data released by Commitment of Traders (COT) has shown that the long positions of Copper were up by 1045 contracts to 30360 contracts on 3 December 2013 against 29315 contracts on 26 November 2013. An increase of 623 contracts in short positions was also seen. The total short positions increased to 49676 contracts against 49053 contracts on 26 November 2013. The net positions of money managers are still in favor of shorts by 19316 contracts, down 2.1% from last week 26 November 2013..
In line with weakness in gold investors continued to exit from gold exchange traded funds .
BHP Billiton deciding to quit Indian oil and gas blocks, Australia's Santos wants to exit its two exploration blocks in Bay of Bengal due to delays in getting approvals to start work.
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EPIC RESEARCH– ANALYST SPEAKS 10th DECEMBER 2013
SILVER MCX:
MCX SILVER march contract was closed at Rs 44160 up Rs 108, or +0.25%. The SILVER rate touched an intraday high of Rs 44317 and an intraday low of Rs 43737. 15713 contracts had been traded. Silver opened at morning with gap down and made day low. In mid session silver traded in narrow range and made night high. After 8.00 p.m. more buying pressure was seen in silver and it will helpful to break the nearest resistance of 44550. BUY SILVER ABOVE 44510 TGTS 44710/45010 SL 44210 SELL SILVER BELOW 43900 TGTS 43700/43400 SL 44200
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EPIC RESEARCH– ANALYST SPEAKS 10th DECEMBER 2013
GOLD MCX:
MCX GOLD February contract was closed at Rs 29117 UP Rs 163, or 0.56%. The GOLD rate touched an intraday high of Rs 29159 and an intraday low of Rs 28842. 13196 contracts had been traded. Gold Price was taking support at 28650 and traded in narrow range all day. In evening session gold price broke the nearest resistance of 29040 and made new high of 29159. BUY GOLD ABOVE 29120 TGTS 29200/29300 SL 29020 SELL GOLD BELOW 28910 TGTS 28830/28730 SL 29010
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TODAY’S ECONOMIC EVENTS 10th DECEMBER 2013
Time
Counrty
Event
Actual
Forecast Previous
TUESDAY, DECEMBER 10 00:45
USD
FOMC MEMBER FISHER SPEAKS
05:00
USD
FOMC MEMBER FISHER SPEAKS
05:20
JPY
BSI LARGE MANUFACTURING CONDITIONS
9.7
17.2
15.2
05:20
JPY
TERTIARY INDUSTRY ACTIVITY INDEX (MOM)
-0.7%
0.3%
0.0%
05:31
GBP
RICS HOUSE PRICE BALANCE
58%
60%
57%
11:00
CNY
CHINESE FIXED ASSET INVESTMENT (YOY)
20.0%
20.1%
11:00
CNY
CHINESE INDUSTRIAL PRODUCTION (YOY)
10.1%
10.3%
15:00
GBP
INDUSTRIAL PRODUCTION (MOM)
0.3%
0.9%
15:00
GBP
MANUFACTURING PRODUCTION (MOM)
0.4%
1.2%
15:00
GBP
TRADE BALANCE
-9.35B
-9.82B
17:30
EUR
ECB PRESIDENT DRAGHI SPEAKS
20:30
GBP
NIESR GDP ESTIMATE
YOUR MINTVISORY
0.7%
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