Daily commodity report 27 nov 2013 by epic research

DAILY COMMODITY REPORT 27th NOVEMBER. 2013

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DAILY COMMODITY REPORT

COMMODITY WRAPUP

27th NOVEMBER. 2013

COPPER

GOLD

MCX COPPER November contract was closed at Rs 444 down Rs 0.75, or 0.17 percent. The COPPER rate touched an intraday high of Rs 445.30 and an intraday low of Rs 442.40. So far 22101 contracts have been traded. Indian Copper is tugged in a trading range of Rs 428-447 per kg from last two weeks. On Tuesday. MCX Copper for November delivery was seen trading sideways with less volatility.

Snapping its two-day fall, gold prices yesterday soared by Rs 575 to Rs 31,625 per ten gram on fresh buying by stockists at current lower levels for the ongoing marriage season amid a firming global trend. At the Multi Commodity Exchange, gold for delivery in December traded Rs 249, or 0.49%, higher at Rs 30,320 per 10 gram in business turnover of 643 lots. Gold futures prices today recovered by 0.49% to Rs 30,320 per 10 gram

CRUDE OIL

SILVER

MCX CRUDEOIL December contract was closed at Rs 5894 up Rs 2, or 0.03 percent. The CRUDEOIL rate touched an intraday high of Rs 445.30 and an intraday low of Rs 442.40. So far 55707 contracts have been traded. Oil rose ahead of a US supply report that might show an improvement in demand. Brent futures held near $111 a barrel on Tuesday as supply concerns crept back, with investors judging the historic deal between Iran and world powers would not result in an immediate increase in shipments.

Silver prices also shot up by Rs 790 to Rs 45,790 per kg on increased off take by jeweler fabricators and industrial units. At the Multi Commodity Exchange, silver for delivery in December traded higher by Rs 436, or 0.98%, to Rs 44,936 per kg in business turnover of 987 lots. Silver prices also rose by 0.98% to Rs 44,936 per kg in futures trade yesterday largely in tune with a recovery trend in precious metals overseas.

SPECIAL NEWS

COMMODITY BUZZ

* The consumer confidence index fell in November to 70.4 from 71.2 from in October, as Americans grew somewhat more worried about future employment and income prospects, the Conference Board said Tuesday.

◊ The palladium shipments from Russian state

*Asian oil demand is spurring the region’s refineries to charter the most supertankers in a year, driving shipping rates to the highest level since 2010. * Indian manufacturing sector is showing signs of recovery than any other country like China or US.

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stocks are likely to be limited both this year and next. According to the latest Swiss trade data for the month of October showed a month-onmonth doubling of Russian palladium shipments to 13.5koz from 6.5koz in September, but an important ‘subtrend’ continued. ◊ Gold

shipments to China from Hong Kong rose in October as jewelers and retailers bought the metal to build up inventories ahead of a peak-demand season at the end of the year.

Net imports, after deducting flows from China into Hong Kong, were 129.9 metric tons in October, from 109.4 tons in September.

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DAILY COMMODITY REPORT

COMMODITY LEVELS

27th NOVEMBER. 2013

DAILY LEVELS WITH TREND GOLD DECEMBER

Feb 14 COPPER DECEMBER

SILVER DECEMBER

TREND

BULLISH

TREND

BULLISH

TREND

Resistance 2

30597.67

Resistance 2

45424.67

Resistance 2

446.80

Resistance 1

30384.33

Resistance 1

44692.33

Resistance 1

445.40

Support 1

30017.33

Support 1

44199.33

Support 1

442.50

Support 2

29863.67

Support 2

43898.67

Support 2

441.00

Strategy

BUY

Strategy

BUY

Strategy

BUY

NATURAL GAS

CRUDE DECEMBER

TREND

BULLISH

BEARISH

TREND

NICKEL

BULLISH

TREND

BEARISH

Resistance 2

5970.00

Resistance 2

246.53

Resistance 2

851.37

Resistance 1

5932.00

Resistance 1

243.57

Resistance 1

846.23

Support 1

5866.00

Support 1

237.97

Support 1

835.63

Support 2

5838.00

Support 2

235.53

Support 2

830.17

Strategy

SELL

Strategy

BUY

Strategy

SELL

ALLUMINIUM

ZINC

TREND

BEARISH

TREND

LEAD

BEARISH

TREND

BEARISH

Resistance 2

118.18

Resistance 2

109.38

Resistance 2

130.60

Resistance 1

117.72

Resistance 1

108.77

Resistance 1

129.95

Support 1

116.52

Support 1

107.77

Support 1

128.85

Support 2

115.78

Support 2

107.38

Support 2

128.40

Strategy

SELL

Strategy

SELL

Strategy

SELL

INTERNATIONAL COMMODITIES UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

COMEX GOLD

USD/t oz.

1,244.30

+2.80

+0.23%

Feb 14

GOLD SPOT

USD/t oz.

1,244.88

+2.03

+0.16%

N/A

COMEX SILVER

USD/t oz.

19.93

+0.04

+0.19%

Mar 14

CRUDE OIL WTI

USD/bbl.

93.42

-0.26

-0.28%

Jan 14

BRENT CRUDE

USD/bbl.

110.88

0.00

0.00%

Jan 14

USD/MMBtu

3.87

+0.01

+0.21%

Jan 14

COMMODITIES

NYMEX NATURAL GAS YOUR MINTVISORY

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DAILY COMMODITY REPORT 27th NOVEMBER. 2013

RECOMMENDATION GOLD

MCX GOLD December contract was closed at Rs 30171 down Rs 38, or 0.13 percent. The GOLD rate touched an intraday high of Rs 30444 and an intraday low of Rs 3077. So far 15117 contracts have been traded.

BUY GOLD ABOVE 30500 TGTS 30600/30750 SL 30350 SELL GOLD BELOW 30040 TGTS 29940/29850 SL 30230

SILVER

MCX SILVER December contract was closed at Rs 44500 down Rs 40, or 0.09 percent. The SILVER rate touched an intraday high of Rs 45124 and an intraday low of Rs 44361. So far 15859 contracts have been traded.

BUY SILVER ABOVE 45500 TGTS 45700/46000 SL 45150 SELL SILVER BELOW 44300 TGTS 44100/43900 SL 45650

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DAILY COMMODITY REPORT

COMMODITY SPECIAL

27th NOVEMBER. 2013

LME INVENTORY (in tonnes) METALS

Change

METALS

Change

METALS

Change

ALUMINIUM

-8600

LEAD

-725

TIN

-215

COPPER

-2650

NICKEL

648

ZINC

-2000

Open

High

Low Close

% Chg.

OI In lots

05 DEC 2013

30313.00

30444

30077

30171

-0.26

5174

SILVER

05 DEC 2013

44490.00

45124

44361

44500

-0.08

9216

CRUDE

18 DEC 2013

5905.00

5942

5876

5894

-0.10

10123

NATURAL GAS

26 DEC 2013

241.50

243.9

238.3

240.60

-0.54

11877

COPPER

29 NOV 2013

443.15

445.3

442.4

444

-0.28

11155

NICKEL

29 NOV 2013

842.40

845.90

835.3

841.1

-0.58

8181

LEAD

29 NOV 2013

129.10

130.15

129.05

129.30

+0.31

2351

ZINC

29 NOV 2013

116.95

117.45

116.25

117.25

-0.68

1950

ALUMINIUM

29 NOV 2013

108.25

109.00

108

108.15

+0.14

2172

ITEM

Contract

GOLD

MOST ACTIVE CONTRACTS BY (VOLUME) Symbol

Expiry Date

SILVERMICRO

30-11-2013

44464.00

2,28,86,51,008.00

51,472

CRUDE OIL

18-12-2013

5888.00

30,22,36,928.00

51,331

NATURAL GAS

26-12-2013

239.30

95,03,081.60

39,712

SILVER M

30-11-2013

44464.00

1,13,10,30,768.00

25,437

COPPER

29-11-2013

442.75

91,69,795.25

20,711

GOLD M

05-12-2013

30660.00

51,68,66,280.00

16,858

COPPERMINI

29-11-2013

442.80

65,74,694.40

14,848

SILVER

05-12-2013

44463.00

65,91,63,975.00

14,825

GOLD

05-12-2013

30094.00

42,80,57,056.00

14,224

LEADMINI

29-11-2013

129.70

13,78,321.90

10,627

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LTP

Value (In Lacs) Volume (In Lots)

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DAILY COMMODITY REPORT

ECONOMIC CALENDER

27th NOVEMBER. 2013

THIS WEEK'S U.S. ECONOMIC REPORTS TIME (ET)

REPORT

PERIOD

ACTUAL

CONSENSUS FORECAST

PREVIOUS

--

-5.6%

MONDAY, NOV. 25 10 AM

PENDING HOME SALES

OCT. TUESDAY, NOV. 26

8:30 AM

HOUSING STARTS

OCT.

925,000

891,000

8:30 AM

BUILDING PERMITS

OCT.

930,000

926,000

9 AM

CASE-SHILLER HOME PRICE INDEX

SEPT.

--

12.8% YOY

9 AM

FHFA HOME PRICE INDEX

SEPT.

--

8.5% yoy

10 AM

CONSUMER CONFIDENCE

NOV.

72.0

71.2

WEDNESDAY, NOV. 27 8:30 AM

WEEKLY JOBLESS CLAIMS

11/23

N/A

N/A

8:30 AM

DURABLE GOODS ORDERS

OCT.

-1.8%

3.8%

9:45 AM

CHICAGO PMI

NOV.

63.0

65.9

10 AM

UMICH CONSUMER SENTIMENT INDEX

NOV.

73.0

72.0

10 AM

LEADING ECONOMIC INDICATORS

OCT.

--

0.7%

THURSDAY, NOV. 28 THANKSGIVING DAY NONE SCHEDULED FRIDAY, NOV. 29 NONE SCHEDULED

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DAILY COMMODITY REPORT 27th NOVEMBER. 2013

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