Daily commodity report 22 jan 2014 by epic research

DAILY COMMODITY REPORT 22th JANUARY 2014

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DAILY MARKET WRAPUP 22th JANUARY 2014 COMMODITY

CONTRACT

OPEN PRICE

HIGH

LOW

CLOSE PRICE

%CHANGE

OI (in lots)

GOLD

05 FEB 2014

29238.00

29298.00

29130.00

29288.00

-0.17

8294

SILVER

05 MAR 2014

44900.00

44918.00

44140.00

45024.00

-1.10

12057

CRUDE

20 JAN 2014

5806.00

5948.00

4796.00

5813.00

1.67

9388

NATURAL GAS

28 JAN 2014

263.70

275.70

263.70

262.90

3.77

16723

COPPER

28 FEB 2014

456.05

462.00

454.55

458.45

0.97

11427

NICKEL

31 JAN 2014

882.10

912.00

888.20

895.00

1.65

8263

LEAD

31 JAN 2014

134.40

136.60

133.60

134.40

1.12

3356

ZINC

31 JAN 2014

127.95

129.80

127.25

128.00

1.21

3091

ALUMINIUM

31 JAN 2014

108.85

109.75

108.10

108.95

0.32

2198

LME WAREHOUSE STOCKS (22– JAN- 2014)

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METAL

TONNES IN STORAGE

ALUMINIUM

-7275

COPPER

-3875

LEAD

200

NICKEL

-432

ZINC

-3100 Call us at +91-731-6642300

INTERNATIONAL MARKETS 22th JANUARY 2014

PRECIOUS AND INDUSTRY METALS COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

COMEX GOLD

USD/T OZ.

1,242.20

+0.40

+0.03%

FEB 14

GOLD SPOT

USD/T OZ.

1,242.59

+1.18

+0.10%

N/A

COMEX SILVER

USD/T OZ.

19.91

+0.04

+0.18%

MAR 14

COMEX COPPER

USD/LB.

334.85

-0.25

-0.07%

MAR 14

PLATINUM SPOT

USD/T OZ.

1,458.75

+7.87

+0.54%

N/A

ENERGY COMMODITY FUTURES COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

CRUDE OIL (WTI)

USD/BBL.

94.99

0.00

0.00%

MAR 14

CRUDE OIL (BRENT)

USD/BBL.

107.03

+0.30

+0.28%

MAR 14

RBOB GASOLINE

USD/GAL.

263.64

+1.58

+0.60%

FEB 14

NYMEX NATURAL GAS

USD/MMBTU

4.48

+0.05

+1.02%

FEB 14

NYMEX HEATING OIL

USD/GAL.

303.22

+1.75

+0.58%

FEB 14

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INTRADAY SUPPORT AND RESISTANCE 22th JANUARY 2014

COMMODITY

EXPIRY

SUP.3

SUP.2

SUP.1

PIVOT

RES.1

ALUMINIUM

31-JAN

107.98

108.47

109.33

109.82

110.68

COPPER

28-FEB

454.02

455.23

457.22

458.43

460.42

CRUDEOIL

19-FEB

5779

5796

5817

5834

5855

GOLD

5-FEB

29184

29236

29313

29365

29442

LEAD

31-JAN

133.37

133.88

134.82

135.33

136.27

NATURALGAS

28-JAN

259.43

261.17

263.23

264.97

267.03

NICKEL

31-JAN

876.3

885.6

891.2

900.5

906.1

SILVER

5-MAR

44771

44898

45081

45208

45391

ZINC

31-JAN

127.03

127.52

128.08

128.57

129.13

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MOST ACTIVE CONTRACTS 22th JANUARY 2014

Symbol

Expiry Date

LTP

Value (In Lacs)

Volume (In Lots)

SILVERMICRO

28-02-2014

44545.00

4,18,31,31,860.00

93,908

CRUDE OIL

19-02-2014

5910.00

37,26,13,680.00

63,048

NATURAL GAS

28-01-2014

272.80

1,59,12,969.60

58,332

SILVER M

28-02-2014

44550.00

2,07,45,59,850.00

46,567

COPPER

28-02-2014

460.90

1,16,71,370.70

25,323

SILVER

05-03-2014

44529.00

1,10,78,36,991.00

24,879

LEADMINI

31-01-2014

135.85

29,97,666.10

22,066

NICKEL

31-01-2014

909.80

1,81,56,878.60

19,957

COPPERMINI

28-02-2014

460.90

89,30,398.40

19,376

NICKELMINI

31-01-2014

909.90

1,69,26,869.70

18,603

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TODAY,S COMMODITY NEWS 22th JANUARY 2014

COMMODITY HEADLINES 

Gold prices declined by 0.21 per cent to Rs. 29,227 per ten grams in futures trading



Gold jewellery inflows via NRIs cool domestic prices



Gold futures decline 0.21% on global cues



Silver futures down 0.46% on weak global cues



CEC for time-bound scheme to re-allot category 'C' mines



Copper falls 0.3% on sluggish demand, global cues



Oil prices down in Asian trade



China’s new Oil refineries to change demand-supply dynamics in Lunar New Year



China Crude Oil demand expected to grow by 350,000 b/d in Q1 2014



Aussie Silver, Lead, Zinc ore industry grows 2.1% annually, to get $4.3 bn in revenue in 2013-14

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COMMODITY BUZZ AND ECONOMIC EVENTS 22th JANUARY 2014

COMMODITY BUZZ :

SPECIAL NEWS : 

MCX Gold futures came off their highs in intraday trades as the global prices corrected from recent six week highs on ideas that the US the Fed is on track to trim its bond-buying program and a further reduction could as soon as the central bank's meeting around this month-end. The US dollar strengthened and hovered around its seven week high and COMEX Gold broke under $1250 per ounce. The metal quotes at $1244.10, down $7.80 per ounce on the day. MCX Gold futures also eased from intraday highs near Rs 29300 per 10 grams and currently quote at Rs 29260, down Rs 28 per 10 grams on the day



India's index of mineral production of mining and quarrying sector in November 2013 was higher by 3.7% compared to that of the preceding month. The mineral sector has shown a positive growth of 1.0% during November 2013 as compared to that of the corresponding month of previous year. Local gold production surged by 24.6% to 86 kgs. The total value of mineral production (excluding atomic & minor minerals) in the country during November 2013 was Rs. 17163 crore. The contribution of coal was the highest at Rs. 5798 crore (34%). Next in the order of importance were: petroleum (crude) Rs. 5728 crore, iron ore Rs. 2276 crore, natural gas (utilized) Rs. 1797 crore, limestone Rs. 364 crore and lignite Rs. 365 crore.



The NCDEX futures declined by 1.50% yesterday. As per the latest crop data compiled by team of commodityinsights.com, the total production of guarseed in the current year is estimated at 24 lakh tonnes against 21 lakh tonnes reported in the previous year Selling intensified in mustard seed futures to favourable crop conditions in the major producing states.



Economic confidence in Germany fell 0.3 points to 61.7 in January. The score was expected to rise to 64. The indicator of economic sentiment weakened unexpectedly in January, survey data from the Centre for European Economic Research/ZEW showed Tuesday. The expert's assessment of the current economic situation climbed 8.8 points to 41.2, its highest mark since May 2012.

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EPIC RESEARCH– ANALYST SPEAKS 22th JANUARY 2014

SILVER MCX:

MCX SILVER march contract was closed at RS 45024 down , 1.10 percent.

The SILVER rate have touched an intraday high of Rs 44918 and an intraday low of Rs 44140. So far 24470 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 day high 44918 . After evening Have seen more selling in silver and it will helpful to break the nearest resistance 44390 further silver will touch level 44100 next trading session.

BUY SILVER ABOVE 44700 TGTS 44900/45200 SL 44350 SELL SILVER BELOW 44350 TGTS 44150/43850 SL 44700

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EPIC RESEARCH– ANALYST SPEAKS 22th JANUARY 2014

GOLD MCX:

MCX GOLD February contract was closed at Rs 29288 down -0.17 percent.

The GOLD rate touched an intraday high of Rs 29298 and an intraday low of Rs 29130. So far 17180 contracts have been traded. Gold Price is taking support at 29100 trade in range bound all day.

In evening session gold price have cracked the nearest support 29200 and made high of 29130 BUY GOLD ABOVE 29300 TGTS 29380/29480 SL 29290 SELL GOLD BELOW 29190 TGTS 29110/29010 SL 29300

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EPIC RESEARCH– ANALYST SPEAKS 22th JANUARY 2014

CASTORSEED RESISTANCE 1

4371.70

RESISTANCE 2

4407.3

PIVOT

4345.30

SUPPORT 1

4309.7

SUPPORT 2

4283.30

castor seed is in sideways and taking support of 4250 in daily chart .MACD & RSI shows down trend but when price trend will break its consolidation trend then only it will clear the trend. Immediate support @ 4315 and immediate resistance @ 4385. 4250 is also a strong support level and if it sustain below it, may sign of bearish.

BUY CASTORSEED FEB ABOVE 4385 TGTS 4415,4465 SL 4335 SELL CASTORSEED FEB BELOW 4315 TGTS 4285,4235 SL 4365

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EPIC RESEARCH– ANALYST SPEAKS 22th JANUARY 2014

DHANIYA

RESISTANCE 1

8198.70

RESISTANCE 2

8277.30

PIVOT

8104.3

SUPPORT 1

8021.3

SUPPORT 2

7931.30

Dhaniya Feb. is in bullish trend in daily chart. Immediate support @ 8345 and immediate resistance @ 8485.open interest and pries has increased, RSI and MACD both are give signal of bullishness. Fundamentally dhaniya is in bullish trend in coming trading session.

BUY DHANIYA FEB ABOVE 8485 TGTS 8515,8565 SL 8435 SELL DHANIYA FEB BELOW 8345 TGTS 8315,8265 SL 8395

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TODAY’S ECONOMIC EVENTS 22th JANUARY 2014

TIME

COUNTRY

EVENT

ACTUAL FORECAST PREVIOUS

WEDNESDAY 22 JANUARY 2014 05:00

AUD

WESTPAC CONSUMER SENTIMENT

06:00

AUD

CPI (QOQ)

0.5%

1.2%

06:00

AUD

CPI (YOY)

2.5%

2.2%

06:00

AUD

TRIMMED MEAN CPI (QOQ)

0.6%

0.7%

TENTATIVE

JPY

BOJ PRESS CONFERENCE

15:00

GBP

AVERAGE EARNINGS INDEX +BONUS

1.0%

0.9%

15:00

GBP

CLAIMANT COUNT CHANGE

-35.0K

-36.7K

15:00

GBP

MPC MEETING MINUTES

15:00

GBP

UNEMPLOYMENT RATE

7.3%

7.4%

20:30

CAD

BOC MONETARY POLICY REPORT

20:30

CAD

INTEREST RATE DECISION

1.00%

1.00%

21:45

CAD

BOC GOV POLOZ SPEAKS

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-4.80%

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