DAILY COMMODITY REPORT 15 JANUARY 2014
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DAILY MARKET WRAPUP 15 JANUARY 2014 COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
OI (in lots)
GOLD
05 FEB 2014
29171.00
19314.00
29031.00
29212.00
-0.43
-126.00
SILVER
05 MAR 2014
45100.00
45600.00
44652.00
45118.00
-0.54
-242.00
CRUDE
20 JAN 2014
5642.00
5714.00
5642.00
5656.00
0.85
48.00
NATURAL GAS
28 JAN 2014
283.00
268.80
263.00
261.50
2.68
7.00
COPPER
28 FEB 2014
456.95
458.35
454.00
457.40
-047
-2.15
NICKEL
31 JAN 2014
878.00
885.00
877.30
874.90
0.79
6.90
LEAD
31 JAN 2014
133.05
135.15
133.05
132.90
0.75
1.00
ZINC
31 JAN 2014
127.75
128.90
127.35
127.45
0.27
0.35
ALUMINIUM
31 JAN 2014
107.45
107.45
106.30
107.40
-0.74
-0.80
LME WAREHOUSE STOCKS (08– JAN- 2014)
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METAL
TONNES IN STORAGE
ALUMINIUM
30575
COPPER
-3000
LEAD
-500
NICKEL
-276
ZINC
-4575 Call us at +91-731-6642300
INTERNATIONAL MARKETS 15th JANUARY 2014
PRECIOUS AND INDUSTRY METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1,240.00
-5.40
-0.43%
FEB 14
GOLD SPOT
USD/T OZ.
1,240.76
-4.43
-0.36%
N/A
COMEX SILVER
USD/T OZ.
20.12
-0.27
-1.30%
MAR 14
COMEX COPPER
USD/LB.
332.00
-1.60
-0.48%
MAR 14
PLATINUM SPOT
USD/T OZ.
1,422.75
-8.82
-0.62%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/BBL.
92.54
-0.05
-0.05%
FEB 14
CRUDE OIL (BRENT)
USD/BBL.
106.19
-0.20
-0.19%
FEB 14
RBOB GASOLINE
USD/GAL.
261.08
-2.33
-0.88%
FEB 14
NYMEX NATURAL GAS
USD/MMBTU
4.34
-0.03
-0.76%
FEB 14
NYMEX HEATING OIL
USD/GAL.
293.80
+0.17
+0.06%
FEB 14
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INTRADAY SUPPORT AND RESISTANCE 15th JANUARY 2014
COMMODITY
EXPIRY
SUP.3
SUP.2
SUP.1
PIVOT
RES.1
RES.2
RES.3
ALUMINIUM
31-Jan
104.90
105.60
106.05
106.75
107.20
107.90
108.35
COPPER
28-Feb
449.23
451.62
453.58
455.97
457.93
460.32
462.28
CRUDEOIL
20-Jan
5585
5614
5657
5686
5729
5758
5801
GOLD
5-Feb
28697
28864
28980
29147
29263
29430
29546
LEAD
31-Jan
130.78
131.92
132.88
134.02
134.98
136.12
137.08
NATURALGAS
28-Jan
258.27
260.63
264.57
266.93
270.87
273.23
277.17
NICKEL
31-Jan
869.5
873.4
877.7
881.6
885.9
889.8
894.1
SILVER
5-Mar
43581
44116
44529
45064
45477
46012
46425
ZINC
31-Jan
125.45
126.40
127.00
127.95
128.55
129.50
130.10
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MOST ACTIVE CONTRACTS 15th JANUARY 2014
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
SILVERMICRO
28-02-2014
44906.00
3,01,37,76,378.00
67,113
NATURAL GAS
28-01-2014
268.50
1,18,52,127.00
44,142
CRUDE OIL
20-01-2014
5704.00
20,92,62,648.00
36,687
SILVER M
28-02-2014
44896.00
1,56,90,70,304.00
34,949
SILVER
05-03-2014
44876.00
83,85,08,060.00
18,685
COPPER
28-02-2014
455.25
56,95,177.50
12,510
LEADMINI
31-01-2014
133.95
12,98,511.30
9,694
GOLD M
05-02-2014
29188.00
28,12,55,568.00
9,636
GOLD
05-02-2014
29086.00
26,98,30,822.00
9,277
NICKEL
31-01-2014
881.80
81,37,250.40
9,228
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COMMODITY BUZZ AND ECONOMIC EVENTS 15th JANUARY 2014
COMMODITY BUZZ :
SPECIAL NEWS :
Gold may continue to correct in 2014 and maybe even longer. There is a chance it will hit $1,000/ounce ($1,000/oz). However, inflation will pick up as the result of all the money printing by the central banks. That's when gold's run will really begin. The Federal Reserve is weighing further restrictions on banks’ trading and warehousing of physical commodities as Congress scrutinizes potential conflicts of interest and manipulation in those markets. Silver has been falling in a medium-term falling channel since the last few months. It has taken support near the lower channel line. Bulls seem to be providing support to the white metal near the channel line. The short-term momentum indicator has turned bullish suggesting that a recovery can be on the cards. The short-term support is at the swing’s low of USD 18.80, whereas the previous low of USD 18.19 will act as a strong support from the medium-term perspective. On the other hand, the short-term target will be at USD20.85. Once that is crossed on a closing basis the precious metal can march till USD 22.70.
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The Fed yesterday sought comment on 24 questions, including some on the risks posed by bank ownership and trading of commodities such as oil, gas and aluminum by deposit-taking banks and the possible benefits of imposing additional capital standards.
China Gold Stone Mining Development Ltd., a Chinese company that announced a $779.6 million offer for U.S. miner Allied Nevada Gold earlier today, said the statement was published in error and was retracted.
The statement about a $7.50-a-share bid was issued “without the advice of counsel,” closely held China Gold Stone said in a separate release posted on the website of PR Newswire. The stock gained as much as 52 percent to $6.55 in pre-market trading in New York before the company halted trading. Allied Nevada rose 7.2 percent to close at $4.62 in New York after the resumption of trading The Federal Reserve is weighing further restrictions on banks’ trading and warehousing of physical commodities as Congress scrutinizes potential conflicts of interest and manipulation in those markets.
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EPIC RESEARCH– ANALYST SPEAKS 15th JANUARY 2014
SILVER MCX:
MCX SILVER march contract was closed at RS 45118 UP Rs 18, The SILVER rate have touched an intraday high of Rs 45600 and intraday low of Rs 44652. So far 18940 contracts have been traded. Silver opened at morning with gap down and made day high. In day session silver trade in range-bound and made night low 44652 . After evening Have seen more selling in silver and it will helpful to break the nearest support 44600 further silver will touch level 44150 next trading session. BUY SILVER ABOVE 45250 TGTS 45450/45750 SL 44850 SELL SILVER BELOW 44600 TGTS 44350/44000 SL 45000
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EPIC RESEARCH– ANALYST SPEAKS 15th JANUARY 2014
GOLD MCX:
MCX GOLD February contract was closed at Rs 29212 UP 66 Rs or 0.23 percent. The GOLD rate touched an intraday high of Rs 29315 and an intraday low of Rs 29031. So far 9310 contracts have bee traded. Gold Price is taking support at 29000 trade in volatile range all day. In evening session gold price have cracked the nearest support 29160 and made low of 29031 BUY GOLD ABOVE 29250 TGTS 29330/29430 SL 29150 SELL GOLD BELOW 28980 TGTS 28900/28800 SL 29100
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TODAY’S ECONOMIC EVENTS 15h JANUARY 2014
Time
Country
Event
Actual Forecast Previous
WENESDAY 15 JANUARY 2014
13:45
CHF
RETAIL SALES (YOY)
19:00
CAD
MANUFACTURING SALES (MOM)
19:00
USD
CORE PPI (MOM)
0.1%
0.1%
19:00
USD
NY EMPIRE STATE MANUFACTURING INDEX
3.75
0.98
19:00
USD
PPI (MOM)
0.4%
-0.1%
YOUR MINTVISORY
1.6%
1.2%
1.0%
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