DAILY COMMODITY REPORT 16 JANUARY 2014
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DAILY MARKET WRAPUP 16 JANUARY 2014 COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
OI (in lots)
GOLD
05 FEB 2014
29023.00
29074.00
28865.00
29096.00
-0.33
8,678
SILVER
05 MAR 2014
44666.00
44889.00
44314.00
44785.00
-0.34
10,120
CRUDE
20 JAN 2014
5710.00
5824.00
5688.00
5701.00
2.05
11,993
NATURAL GAS
28 JAN 2014
298.10
273.00
267.80
268.50
1.23
14,848
COPPER
28 FEB 2014
454.90
460.25
452.30
455.55
0.90
12,625
NICKEL
31 JAN 2014
879.70
898.00
873.90
882.00
1.27
6,882
LEAD
31 JAN 2014
133.70
136.20
132.15
133.85
1.27
3,527
ZINC
31 JAN 2014
127.10
128.90
126.20
127.60
0.67
3,110
ALUMINIUM
31 JAN 2014
106.40
108.35
106.05
106.50
1.17
3,314
LME WAREHOUSE STOCKS (16– JAN- 2014)
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METAL
TONNES IN STORAGE
ALUMINIUM
-7800
COPPER
-1525
LEAD
-500
NICKEL
528
ZINC
-4425 Call us at +91-731-6642300
INTERNATIONAL MARKETS 16th JANUARY 2014
PRECIOUS AND INDUSTRY METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1,239.50
+1.20
+0.10%
FEB 14
GOLD SPOT
USD/T OZ.
1,240.05
-1.83
-0.15%
N/A
COMEX SILVER
USD/T OZ.
20.15
+0.01
+0.05%
MAR 14
COMEX COPPER
USD/LB.
335.65
-0.15
-0.04%
MAR 14
PLATINUM SPOT
USD/T OZ.
1,427.39
-1.97
-0.16%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/BBL.
94.20
+0.03
+0.03%
FEB 14
CRUDE OIL (BRENT)
USD/BBL.
107.13
+0.74
+0.70%
FEB 14
RBOB GASOLINE
USD/GAL.
262.10
-0.14
-0.05%
FEB 14
NYMEX NATURAL GAS
USD/MMBTU
4.33
+0.01
+0.21%
FEB 14
NYMEX HEATING OIL
USD/GAL.
297.81
-0.15
-0.05%
FEB 14
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INTRADAY SUPPORT AND RESISTANCE 16th JANUARY 2014
COMMODITY
EXPIRY
SUP.3
SUP.2
SUP.1
PIVOT
RES.1
ALUMINIUM
31-JAN
105.10
106.45
107.40
108.75
109.70
COPPER
28-FEB
449.52
454.68
457.47
462.63
465.42
CRUDEOIL
20-JAN
5639
5731
5780
5872
5921
GOLD
5-FEB
28777
28898
28986
29107
29195
LEAD
31-JAN
130.65
133.20
134.70
137.25
138.75
NATURALGAS
28-JAN
265.23
267.87
270.43
273.07
275.63
NICKEL
31-JAN
863.5
878.3
888.2
903.0
912.9
SILVER
5-MAR
44088
44436
44663
45011
45238
ZINC
31-JAN
125.20
126.90
127.90
129.60
130.60
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MOST ACTIVE CONTRACTS 166h JANUARY 2014
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
SILVERMICRO
28-02-2014
44815.00
3,11,55,38,800.00
69,520
CRUDE OIL
20-01-2014
5818.00
37,29,80,344.00
64,108
NATURAL GAS
28-01-2014
271.80
1,35,52,763.40
49,863
SILVER M
28-02-2014
44811.00
1,61,74,08,234.00
36,094
COPPER
28-02-2014
459.65
1,16,41,095.90
25,326
LEADMINI
31-01-2014
135.50
31,30,998.50
23,107
COPPERMINI
28-02-2014
459.70
90,07,361.80
19,594
NICKEL
31-01-2014
893.20
1,63,84,860.80
18,344
SILVER
05-03-2014
44790.00
75,34,57,380.00
16,822
NICKELMINI
31-01-2014
893.10
1,36,59,964.50
15,295
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COMMODITY BUZZ AND ECONOMIC EVENTS 16th JANUARY 2014
COMMODITY BUZZ :
SPECIAL NEWS :
National Commodities And Derivatives Exchange (NCDEX) Yesterday announced the launch of GOLDHEDGE, an innovative gold contract that the exchange claims would signal the most transparent and straightforward price benchmark of this precious metal to the consumer. The contract is available for trading from January 16, 2014
A press release from the exchange says that “For the first time in the 10-year history of Indian commodity derivatives trading, jewellers, traders, banks, consumers, and gold refiners will be able to perceive maximum co-relation between Indian and international gold prices through the GOLDHEDGE contract, which is designed to remain unclouded by domestic demandsupply factors”.
MCX Gold futures are in red, falling under Rs 29000 per 10 grams amid bearish global cues. The COMEX Gold futures have eased, failing to extend their recent gains. The yellow metal had topped a one-month high above $1250 per ounce but failed to hold on to these levels and dropped back yesterday.
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As per the World Bank's latest Global Economic Prospects report, growth in South Asia expanded a modest 4.6 percent in 2013, reflecting weakness in India amid high inflation, and current account and government deficits. More recently, regional exports have recovered, because of strengthening external demand and the earlier depreciation of the Indian rupee. Regional growth is projected to improve to 5.7 percent in 2014, rising to 6.7 percent in 2016, led mainly by recovering import demand by highincome economies and regional investmen
UK wheat imports showed their first year-on-year decline in nearly three years as the decent quality of the latest harvest eased the pressure on souring from other countries. The UK imported 129,483 tonnes of wheat in November, customs data showed. While still a historically high figure, it signalled an easing off in the huge imports the UK has seen since the poor quality of its wet-affected 2012 harvest. The figure was the lowest for any month since June 2012 and showed the first year-on-year decline since February 2012..
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EPIC RESEARCH– ANALYST SPEAKS 16th JANUARY 2014
SILVER MCX:
SILVER march contract was closed at RS 44785 down Rs119 , or -0.34percent. The SILVER rate have touched an intraday high of Rs 44889 and intraday low of Rs 44314. So far 17020 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 high 44889 .After evening Have seen more buying in silver and it will helpful to break the nearest resistance 44950 further silver will touch level 45200 next trading session.
BUY SILVER ABOVE 44950 TGTS 45150/45450 SL 44600 SELL SILVER BELOW 44600 TGTS 44350/44000 SL 45000
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EPIC RESEARCH– ANALYST SPEAKS 16th JANUARY 2014
GOLD MCX:
GOLD February contract was closed at Rs 29096 down 73 R, or –0.33 percent. The GOLD rate touched an intraday high of Rs 29074 and intraday low of Rs 28865. So far 12730 contracts have beetraded. Gold Price is taking support at 28840 trade in volatile range all day. In evening session gold price have cracked the nearest resistance 28960 and made high of 29074
BUY GOLD ABOVE 29040 TGTS 29120/29220 SL 28920 SELL GOLD BELOW 28980 TGTS 28900/28800 SL 29100
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EPIC RESEARCH– ANALYST SPEAKS 16th JANUARY 2014
CASTORSEED
RESISTANCE 1
4487.30
RESISTANCE 2
4541.70
PIVOT
4415.70
SUPPORT 1
4361.30
SUPPORT 2
4289.70
CASTORSEED continuing the sideways in daily chart from past week. but all over it is in downtrend.RSI is below 50.00 also support fall in castor seed Feb. contract. Immediate support @ 4400 and immediate resistance @ 4480. 4300 is also a strong support level and if it sustain below it, may signing of continue the trend.
BUY CASTORSEEDFEB ABOVE 4480 TGTS 4510/ 4560 SL 4430 SELL CASTORSEEDFEB BELOW 4400 TGTS 4380/4330 SL 4450
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EPIC RESEARCH– ANALYST SPEAKS 1th JANUARY 2014
DHANIYA
RESISTANCE 1
8277.70
RESISTANCE 2
8175.30
PIVOT
8012.70
SUPPORT 1
7910.30
SUPPORT 2
7747.70
DHANIYA Feb. looks weak in daily chart, immediate support @ 8010 and immediate resistance @ 8150. fresh short position can be initiated below 7750 level. In daily chart RSI is 47.92,which is below 50 that will support the bearish trend in Dhaniya.
BUY DHANIYA FEB ABOVE 8150 TGTS 8180 / 8230 SL 8100 SELL DHANIYA FEB BELOW 8010 TGTS 7980 / 7930 SL 8060
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TODAY’S ECONOMIC EVENTS 16 JANUARY 2014
Time
Country
Event
Actual
Forecast
WENESDAY 16 JANUARY 2014 04:00
EUR
ECB MONTHLY REPORT
05:00
EUR
CORE CPI (YOY)
0.9%
0.9%
05:00
EUR
CPI (YOY)
0.8%
0.8%
05:00
EUR
CPI (MOM)
0.3%
-0.1%
08:30
CAD
FOREIGN SECURITIES PURCHASES
7.21B
4.41B
08:30
USD
CORE CPI (YOY)
1.7%
1.7%
08:30
USD
CORE CPI (MOM)
0.1%
0.2%
08:30
USD
CPI (YOY)
1.5%
1.2%
08:30
USD
CPI (MOM)
0.3%
0.0%
08:30
USD
INITIAL JOBLESS CLAIMS
328K
330K
09:00
USD
TIC NET LONG-TERM TRANSACTIONS
42.3B
35.4B
10:00
USD
PHILADELPHIA FED MANUFACTURING INDEX
8.6
7.0
11:10
USD
FED CHAIRMAN BERNANKE SPEAKS
16:45
BRL
BRAZILIAN INTEREST RATE DECISION
10.25%
10.00%
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