DAILY COMMODITY REPORT 24th JANUARY 2014
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DAILY MARKET WRAPUP 24th JANUARY 2014 COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
OI (in lots)
GOLD
05 FEB 2014
29102.00
29380.00
28965.00
29150.00
0.57
7727
SILVER
05 MAR 2014
44230.00
45180.00
44112.00
44338.00
1.21
10105
CRUDE
20 JAN 2014
6020
6108.00
6004.00
6014.00
1.47
11692
NATURAL GAS
28 JAN 2014
291.00
206.1
291.00
289.30
3.11
16.283
COPPER
28 FEB 2014
457.20
458.40
451.90
457.96
-0.88
10461
NICKEL
31 JAN 2014
910.20
914.50
892.30
912.30
-0.67
6174
LEAD
31 JAN 2014
134.50
136.50
132.75
134.55
-1.26
2965
ZINC
31 JAN 2014
128.65
128.80
128.60
128.85
-1.67
2338
ALUMINIUM
31 JAN 2014
108.00
108.25
107.05
107.90
-0.42
2485
LME WAREHOUSE STOCKS (24– JAN- 2014)
YOUR MINTVISORY
METAL
TONNES IN STORAGE
ALUMINIUM
-7100
COPPER
-975
LEAD
-900
NICKEL
696
ZINC
-4225 Call us at +91-731-6642300
INTERNATIONAL MARKETS 24th JANUARY 2014
PRECIOUS AND INDUSTRY METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1,260.50
-1.80
-0.14%
APR 14
GOLD SPOT
USD/T OZ.
1,260.74
-3.39
-0.27%
N/A
COMEX SILVER
USD/T OZ.
20.05
+0.04
+0.20%
MAR 14
COMEX COPPER
USD/LB.
329.80
+1.25
+0.38%
MAR 14
PLATINUM SPOT
USD/T OZ.
1,458.50
+1.62
+0.11%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/BBL.
97.58
+0.26
+0.27%
MAR 14
CRUDE OIL (BRENT)
USD/BBL.
107.74
+0.16
+0.15%
MAR 14
RBOB GASOLINE
USD/GAL.
266.34
+0.16
+0.06%
FEB 14
NYMEX NATURAL GAS
USD/MMBTU
4.88
+0.15
+3.07%
FEB 14
NYMEX HEATING OIL
USD/GAL.
308.40
+0.75
+0.24%
FEB 14
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INTRADAY SUPPORT AND RESISTANCE 24th JANUARY 2014
COMMODITY
EXPIRY
SUP.3
SUP.2
SUP.1
PIVOT
RES.1
ALUMINIUM
31-JAN
106.40
106.95
107.60
108.15
108.80
COPPER
28-FEB
448.20
451.00
454.70
457.50
461.20
CRUDEOIL
19-FEB
5967
6034
6071
6138
6175
GOLD
5-FEB
28812
29084
29236
29508
29660
LEAD
31-JAN
131.07
131.98
133.67
134.58
136.27
NATURALGAS
28-JAN
282.93
289.97
298.03
305.07
313.13
NICKEL
31-JAN
881.9
893.6
904.1
915.8
926.3
SILVER
5-MAR
43666
44288
44734
45356
45802
ZINC
31-JAN
125.17
125.93
127.37
128.13
129.57
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MOST ACTIVE CONTRACTS 24th JANUARY 2014
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
NATURAL GAS
28-01-2014
298.30
3,47,95,800.10
1,16,647
SILVERMICRO
28-02-2014
44904.00
4,69,10,75,976.00
1,04,469
CRUDE OIL
19-02-2014
6101.00
40,24,40,263.00
65,963
SILVER M
28-02-2014
44900.00
2,27,07,72,600.00
50,574
COPPER
28-02-2014
453.90
1,39,01,595.30
30,627
GOLD M
05-02-2014
29348.00
86,50,90,996.00
29,477
SILVER
05-03-2014
44876.00
1,30,08,65,488.00
28,988
LEADMINI
31-01-2014
132.85
34,01,889.95
25,607
GOLD
05-02-2014
29317.00
74,10,16,492.00
25,276
NICKEL
31-01-2014
906.20
2,13,10,199.20
23,516
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TODAY,S COMMODITY NEWS 24th JANUARY 2014
COMMODITY HEADLINES
Crude gains as U.S. supply report reveals strong distillate demand
Falling Gold Prices Taking Toll On Ghana's Economy
Metals On Slippery Path As China Manufacturing Disappoints
MCX Gold petal February contract trades flat
Mustard seed Futures To Remain Underpressure In The Near Term
Metals On Slippery Path As China Manufacturing Disappoints
Mentha oil Futures Plummet on Higher Stocks in Local Mandies
Copper hits 1-week low after Chinese manufacturing PMI disappoints
-Gold extends winning streak to 5th week on softer equities
Gold posts biggest gain in 3 months as U.S. equities slide
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COMMODITY BUZZ AND ECONOMIC EVENTS 24th JANUARY 2014
COMMODITY BUZZ :
SPECIAL NEWS :
Mustard seed futures are likely to encounter fresh selling from higher levels due to higher production estimates in the current year along with comfortable stocks in local mandies. The NCDEX futures to gather fresh selling from 3430-3434 levels in the near term. The market sources suggest that favorable rainfall in major mustard seed growing areas such as Rajasthan and Uttar Pradesh will encourage strong productivity gains in the current year. The total production is likely to reach 72-73 lakh tonnes in the current year, up 6 lakh tonnes from the last year.
U.S. crude oil supplies rose slightly in the week ending Friday, climbing by 1 million barrels to 351.2 million, . Inventories are in the upper half of the average range for this time of year, the agency said in a report issued a day late due to the Dr. Martin Luther King Jr. holiday. The EIA said supplies of motor-grade gasoline supplies rose by 2.1 million barrels to 235.3 million barrels and are well above the upper limit of the average range for this time of year. Supplies of distillate fuels, which include home heating oil, fell by 3.2 million barrels to 120.7 million and are well below the lower limit of the average range for this time of year.
Zinc production from Australia's Century mine, the world's third largest zinc mine could drop 5% this year as it nears the end of its operating life. This could trigger an emerging global supply crunch in the commodity. The mine will yield between 465,000 and 480,000 tonnes of zinc in concentrate in 2014 against 2013 output of 488,233 tonnes MCX GOLDPETAL February contract was trading at Rs 2932 up Rs 1, or 0.03 percent.
At 53.7 in January, down from 55.0 in December, the Markit Flash U.S. Manufacturing Purchasing Managers' Index(PMI), which is based on approximately 85% of usual monthly replies, signaled the slowest improvement in overall business conditions for three months. That said, the index was above the neutral 50.0 mark and slightly higher than its average for 2013 (53.5).
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EPIC RESEARCH– ANALYST SPEAKS 24th JANUARY 2014
SILVER MCX:
MCX SILVER march contract was closed at RS 44910 UP Rs 572, or +1.29 percent. The SILVER rate have touched an intraday high of Rs 45180 and an intraday low of Rs 44112. So far 30117 contracts have been traded. Silver opened at morning with gap down and made day high. In day session silver trade in large range and made day high 45180 . After evening Have seen more buying in silver and it will helpful to break the nearest resistance 45280 further silver will touch level 45550 next trading session. BUY SILVER ABOVE 45280 TGTS 45480/45780 SL 44900 SELL SILVER BELOW 44600 TGTS 44400/44100 SL 44950
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EPIC RESEARCH– ANALYST SPEAKS 24th JANUARY 2014
GOLD MCX:
MCX GOLD February contract was closed at Rs 29355 UP Rs 205 , or0.70 percent. The GOLD rate touched an intraday high of Rs 29389 and an intraday low of Rs 28965. So far 26693 contracts have been traded. Gold Price is taking support at 29100 , market is volatile in large range all day. In evening session gold price have cracked the nearest resistance 29180 and made high of 29389 BUY GOLD ABOVE 29400 TGTS 29480/29580 SL 29280 SELL GOLD BELOW 29250 TGTS 29170/29070 SL 29360
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EPIC RESEARCH– ANALYST SPEAKS 24th JANUARY 2014
CASTORSEED RESISTANCE 1
4287.7
RESISTANCE 2
4393.0
PIVOT
4214.3
SUPPORT 1
4108.7
SUPPORT 2
4035.3
Castor seed Feb. prise breaks down the consolidation. and gave closing 4156, RSI AND MACD shows down trend. Immediate support@ 4140 and immediate resistance @ 4320 . BUY CASTORSEED FEB ABOVE 4320 TGTS 4350,4400 SL 4270 SELL CASTORSEED FEB BELOW 4140 TGTS 4110,4060 SL 4190
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EPIC RESEARCH– ANALYST SPEAKS 24th JANUARY 2014
DHANIYA
RESISTANCE 1
8543.7
RESISTANCE 2
8673.7
PIVOT
8454.7
SUPPORT 1
8324.7
SUPPORT 2
8234.3
Dhaniya Feb. is in bullish trend in daily chart. Immediate support @ 8340 and immediate resistance @ 8490.open interest and prise has increased, RSI and MACD both are give signal of bullishness. BUY DHANIYA FEB ABOVE 8490 TGTS 8520,8570 SL 8440 SELL DHANIYA FEB BELOW 8340 TGTS 8310,8260 SL 8390
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TODAY’S ECONOMIC EVENTS 24th JANUARY 2014
TIME
COUNTRY
EVENT
ACTUAL FORECAST PREVIOUS
FRIDAY 24 JANUARY 2014 07:15
CNY
CHINESE HSBC MANUFACTURING PMI
10:30
JPY
BOJ MONTHLY REPORT
13:28
EUR
13:28
50.6
50.5
FRENCH MANUFACTURING PMI
47.5
47.0
EUR
FRENCH SERVICES PMI
48.1
47.8
14:00
EUR
GERMAN MANUFACTURING PMI
54.6
54.3
14:00
EUR
GERMAN SERVICES PMI
54.0
53.5
14:30
EUR
MANUFACTURING PMI
53.0
52.7
14:30
EUR
SERVICES PMI
51.4
51.0
16:30
GBP
CBI DISTRIBUTIVE TRADES SURVEY
25
34
19:00
CAD
CORE RETAIL SALES (MOM)
0.3%
0.4%
19:00
CAD
RETAIL SALES (MOM)
0.3%
-0.1%
19:00
USD
INITIAL JOBLESS CLAIMS
326K
326K
20:30
USD
EXISTING HOME SALES
4.94M
4.90M
20:30
USD
EXISTING HOME SALES (MOM)
0.4%
-4.3%
YOUR MINTVISORY
49.6
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