DAILY COMMODITY REPORT 27th JANUARY 2014
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DAILY MARKET WRAPUP 27th JANUARY 2014 COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
OI (in lots)
GOLD
05 FEB 2014
29270.00
29675.00
29252.00
29519.00
+0.48
6892
SILVER
05 MAR 2014
44864.00
45649.00
44622.00
44691.00
-0.25
9351
CRUDE
19 FEB 2014
6091.00
9135.00
6059.00
6106.00
-0.25
9413
NATURAL GAS
28 JAN 2014
299.80
319.90
299.80
318.80
+5.52
12911
COPPER
28 FEB 2014
454.50
458.15
452.70
455.50
+0.43
9709
NICKEL
31 JAN 2014
907.40
913.60
900.30
906.60
+0.02
4902
LEAD
31 JAN 2014
133.45
135.60
132.45
133.45
+1.84
2422
ZINC
31 JAN 2014
127.00
127.20
125.75
126.20
-0.28
1984
ALUMINIUM
31 JAN 2014
107.55
108.70
107.15
108.05
+0.56
2094
LME WAREHOUSE STOCKS (24– JAN- 2014)
YOUR MINTVISORY
METAL
TONNES IN STORAGE
ALUMINIUM
-7325
COPPER
-425
LEAD
-375
NICKEL
2502
TIN
-70
ZINC
2900 Call us at +91-731-6642300
INTERNATIONAL MARKETS 27th JANUARY 2014
PRECIOUS AND INDUSTRY METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1,264.50
+2.00
+0.16%
APR 14
GOLD SPOT
USD/T OZ.
1,270.06
+5.93
+0.47%
N/A
COMEX SILVER
USD/T OZ.
19.77
-0.25
-1.22%
MAR 14
COMEX COPPER
USD/LB.
327.15
0.00
0.00%
MAR 14
PLATINUM SPOT
USD/T OZ.
1,428.75
-28.13
-1.93%
N/
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/BBL.
96.64
0.00
0.00%
MAR 14
CRUDE OIL (BRENT)
USD/BBL.
107.88
+0.30
+0.28%
MAR 14
RBOB GASOLINE
USD/GAL.
266.32
0.00
0.00%
FEB 14
NYMEX NATURAL GAS
USD/MMBTU
5.18
+0.45
+9.56%
FEB 14
NYMEX HEATING OIL
USD/GAL.
313.74
0.00
0.00%
FEB 14
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INTRADAY SUPPORT AND RESISTANCE 27th JANUARY 2014
COMMODITY
EXPIRY
SUP.3
SUP.2
SUP.1
PIVOT
RES.1
ALUMINIUM
31-JAN
105.75
106.40
106.95
107.60
108.15
COPPER
28-FEB
444.50
448.20
451.00
454.70
457.50
CRUDEOIL
19-FEB
5930
5967
6034
6071
6138
GOLD
5-FEB
28660
28812
29084
29236
29508
LEAD
31-JAN
129.38
131.07
131.98
133.67
134.58
NATURALGAS
28-JAN
274.87
282.93
289.97
298.03
305.07
NICKEL
31-JAN
871.4
881.9
893.6
904.1
915.8
SILVER
5-MAR
43220
43666
44288
44734
45356
ZINC
31-JAN
123.73
125.17
125.93
127.37
128.1
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MOST ACTIVE CONTRACTS 27th JANUARY 2014
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
SILVERMICRO
28-02-2014
44832.00
5,01,83,59,584.00
1,11,937
NATURAL GAS
28-01-2014
313.40
2,78,62,513.60
88,904
CRUDE OIL
19-02-2014
6086.00
44,65,84,594.00
73,379
SILVER M
28-02-2014
44830.00
2,39,06,04,580.00
53,326
SILVER
05-03-2014
44796.00
1,23,28,75,512.00
27,522
COPPER
28-02-2014
455.75
1,18,28,991.25
25,955
LEADMINI
31-01-2014
135.35
31,13,591.40
23,004
NICKEL
31-01-2014
905.60
1,80,92,076.80
19,978
COPPERMINI
28-02-2014
455.85
90,74,605.95
19,907
GOLD M
05-02-2014
29538.00
56,56,23,162.00
19,149
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TODAY,S COMMODITY NEWS 27th JANUARY 2014
COMMODITY HEADLINES
Chinese Gold Consumption Soars 32% In 2013.
Global Gold Mine Supply Up 4% in 2013 .
Gold rallies to 2-month high on safe-haven bids.
Foodgrains and Sugar Prices Remain Steady at Wholesale Markets.
Brent-WTI Crude Oil narrows to $10/bbl, WTI to rise on increasing refining margins.
Gold extends gains for second day on sustained buying, global cues.
Commodity exchanges' turnover falls 59 per cent in first half of January.
Gold miners' reserve cuts: Near-term pain, long-term gain.
Sugar prices fall 30% in a year to touch lowest in 5 years.
Gold premiums fall on import curbs ease speculation.
Nickel moves up on rising spot demand.
Coffee sector likely to get Rs 950 cr, a boost for R&D.
Oil prices supported by dip in US distillate supplies.
Pre-2005 notes being used to buy gold at 2-4% commission.
MCX Goldpetal March contract gains.
MCX Goldguinea February contract trades flat.
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COMMODITY BUZZ AND ECONOMIC EVENTS 27th JANUARY 2014
COMMODITY BUZZ :
SPECIAL NEWS :
Japan's trade deficit unexpectedly widened in December, with exports growing less than forecast. Exports rose 15.3% from a year earlier, while imports grew by 24.7% from December 2012. The resulting trade deficit was 1.302 trillion yen ($12.8 billion), widening from ¥1.293 trillion. The deficit was the 18th in a row for Japan.
Mongolia will cut the gold mining tax to reduce illegal gold mining and smuggling and to boost state control of gold trade. According to a revision of the minerals law passed by parliament on Friday, the gold mining tax is reduced from 10% to 2.5% for gold mining companies that sell their mined gold to the central bank or its accredited commercial banks.
The HSBC China flash Purchasing Managers Index (PMI) data and US Markit PMI has been below consensus but business confidence is set to be positive in January. Fed tapering has been initiated on recovery signals in US economy which should augur well for commodities demand.
Commodities continue to underperform despite some positive trends in global economy due to extended period of supply gains, according to Barclays Research. Commodities have been underperforming equities and pricing in below levels unwarranted by the uptick in industrial production, manufacturing indices and the business sentiment indicators.
Rabi sowing is drawing to a close and the area under rabi crops is showing good increase. The total rabi sown area, as per reports received from States, during the week ending 24.1.2014 stands at 635.13 lakh hectare as compared to 603.39 lakh hectare at this time last year- up 5.26%.
WTI Crude Oil spreads have fallen in the past few days to $10 per barrel, a level last seen in December. Barclays Research points out that strong US refining margins and low product stock cover in the OECD could push WTI prices even higher in the coming weeks as the US continues exporting high levels of light products.
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EPIC RESEARCH– ANALYST SPEAKS 27th JANUARY 2014
SILVER MCX:
Apart from Gold, MCX Silver was less bullish on Friday, weak currency helped price to rise up to 45650, But a sharp fall seen due to profit booking at higher level, Overall trend was bearish still, we expect price can correct up to 44500-44000, on the other side a firm recovery is possible only above 45850. BUY SILVER ABOVE 45000 TGTS 45200/45500 SL 44750 SELL SILVER BELOW 44500 TGTS 44300/44000 SL 45750
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EPIC RESEARCH– ANALYST SPEAKS 27th JANUARY 2014
GOLD MCX:
MCX Gold climb higher to 29675 level on Friday due to weak Indian currency, although profit booking at higher level cap the increasing price. For Monday trend remains mixed and is expected to trade sideways to higher towards 29750 levels in near term, On the other side failed to trade above 29500 get price down to 29200-29000 level. BUY GOLD ABOVE 29650 TGTS 29730/29830 SL 29550 SELL GOLD BELOW 29400 TGTS 29320/29220 SL 29500
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EPIC RESEARCH– ANALYST SPEAKS 27th JANUARY 2014
CASTORSEED
RESISTANCE 1
4119.7
RESISTANCE 2
4162.3
PIVOT
4055.3
SUPPORT 1
4012.7
SUPPORT 2
3948.3
Castor Seed market trades under pressure due to higher production than previous estimate. Area under castor seed has decreased this year from11.81 lakh ha. to 9.84 lakh ha., however, yield has improved significantly from 96. BUY CASTORSEED FEB ABOVE 4130 TGTS 4160,4210 SL 4080 SELL CASTORSEED FEB BELOW 4030 TGTS 4000,3950 SL 4080
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EPIC RESEARCH– ANALYST SPEAKS 27th JANUARY 2014
DHANIYA
RESISTANCE 1
8600.7
RESISTANCE 2
8654.3
PIVOT
8543.3
SUPPORT 1
8489.7
SUPPORT 2
8432.3
Bearish trend continued in coriander futures on the back of strong production estimates in major producing states along with higher carryover stocks in local mandies. The NCDEX futures declined by almost 4% from their weekly highs. The NCDEX April coriander futures declined by 0.57% on Friday to close at Rs 9236 per quintal. The NCDEX futures shrugged off by almost 4% from their weekly high of Rs 9569 per quintal. The NCDEX futures reduced 2.2% in open interest indicating fresh selling by traders. BUY DHANIYA FEB ABOVE 8590 TGTS 8620,8670 SL 8540 SELL DHANIYA FEB BELOW 8480 TGTS 8450,8400 SL 8530
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TODAY’S ECONOMIC EVENTS 27th JANUARY 2014
TIME
COUNTRY
EVENT
ACTUAL FORECAST PREVIOUS
MONDAY, JANUARY 27 05:20
JPY
TRADE BALANCE
-1,223B
-1,293B
14:30
EUR
GERMAN BUSINESS EXPECTATIONS
108.0
107.4
14:30
EUR
GERMAN CURRENT ASSESSMENT
112.4
111.6
14:30
EUR
GERMAN IFO BUSINESS CLIMATE INDEX
110.0
109.5
20:30
USD
NEW HOME SALES
457K
464K
20:30
USD
NEW HOME SALES (MOM)
YOUR MINTVISORY
-2.1%
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