DAILY COMMODITY REPORT 27th NOVEMBER. 2013
Our Presence HNI & NRI Sales Contact Australia Epic Research India
Mintara Road, Tarneit, Victoria. Post Code 3029 Phone.: +61 422 063855
411 Milinda Manor (Suites 409- 417) 2 RNT Marg. Opp Cental Mall
HNI & NRI Sales Contact USA 2117 Arbor Vista Dr. Charlotte (NC)
Indore (M.P.)
Cell: +1 704 249 2315
Hotline: +91 731 664 2300 Alternate: +91 731 664 2320
Toll Free Number
Or give us a missed call at
1-800-200-9454
026 5309 0639
All queries should be directed to Info@epicresearch.co
YOUR MINTVISORY
Call us at +91-731-6642300
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.
YOUR MINTVISORY
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. Call us at +91-731-6642300
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
Call us at +91-731-6642300
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
YOUR MINTVISORY
Call us at +91-731-6642300
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
YOUR MINTVISORY
LTP
Value (In Lacs) Volume (In Lots)
Call us at +91-731-6642300
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
YOUR MINTVISORY
Call us at +91-731-6642300
DAILY COMMODITY REPORT 27th NOVEMBER. 2013
Disclaimer The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility. The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for. Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.
YOUR MINTVISORY
Call us at +91-731-6642300