DAILY COMMODITY REPORT 28th JANUARY 2014
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DAILY MARKET WRAPUP 28th JANUARY 2014 COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
OI (in lots)
GOLD
05 FEB 2014
29550.00
29849.00
29550.00
29355.00
1.52
6849
SILVER
05 MAR 2014
44880.00
45439.00
44810.00
44910.00
0.82
9766
CRUDE
19 FEB 2014
6105.00
6170.00
6073.00
6101.00
-0.23
10265
NATURAL GAS
28 JAN 2014
321.40
341.70
308.10
297.00
3.87
8554
COPPER
28 FEB 2014
455.70
460.75
454.65
453.00
1.11
10147
NICKEL
31 JAN 2014
902.00
907.50
893.30
905.40
-1.30
4974
LEAD
31 JAN 2014
135.25
136.35
134.70
132.90
2.11
2431
ZINC
31 JAN 2014
126.60
127.70
125.90
126.70
0.12
1772
ALUMINIUM
31 JAN 2014
108.30
109.00
107.55
107.50
1.32
1913
LME WAREHOUSE STOCKS (27– JAN- 2014)
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METAL
TONNES IN STORAGE
ALUMINIUM
-7050
COPPER
-1575
LEAD
2100
NICKEL
192
ZINC
-4750 Call us at +91-731-6642300
INTERNATIONAL MARKETS 28th JANUARY 2014
PRECIOUS AND INDUSTRY METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1,257.60
-5.90
-0.47%
APR 14
GOLD SPOT
USD/T OZ.
1,258.16
+1.05
+0.08%
N/A
COMEX SILVER
USD/T OZ.
19.76
-0.01
-0.03%
MAR 14
COMEX COPPER
USD/LB.
326.50
+0.60
+0.18%
MAR 14
PLATINUM SPOT
USD/T OZ.
1,420.25
+7.63
+0.58%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/BBL.
95.79
+0.07
+0.07%
MAR 14
CRUDE OIL (BRENT)
USD/BBL.
106.94
+0.25
+0.23%
MAR 14
RBOB GASOLINE
USD/GAL.
262.77
-3.55
-1.33%
FEB 14
NYMEX NATURAL GAS
USD/MMBTU
4.89
+0.04
+0.91%
FEB 14
NYMEX HEATING OIL
USD/GAL.
308.97
-0.27
-0.09%
FEB 14
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INTRADAY SUPPORT AND RESISTANCE 28th JANUARY 2014
COMMODITY
EXPIRY
SUP.3
SUP.2
SUP.1
PIVOT
RES.1
ALUMINIUM
31-JAN
106.42
107.23
107.97
108.78
109.52
COPPER
28-FEB
450.00
452.75
455.45
458.20
460.90
CRUDEOIL
19-FEB
6024
6065
6100
6141
6176
GOLD
5-FEB
29059
29289
29482
29712
29905
LEAD
31-JAN
131.35
133.40
134.50
136.55
137.65
NATURALGAS
25-FEB
283.43
295.57
302.13
314.27
320.83
NICKEL
31-JAN
893.5
900.1
906.8
913.4
920.1
SILVER
5-MAR
43960
44326
44987
45353
46014
ZINC
31-JAN
124.93
125.57
126.38
127.02
127.83
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MOST ACTIVE CONTRACTS 28th JANUARY 2014
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
NATURAL GAS
28-01-2014
308.50
3,21,69,146.00
1,04,276
SILVERMICRO
28-02-2014
45289.00
3,98,37,56,307.00
87,963
CRUDE OIL
19-02-2014
6087.00
39,42,48,903.00
64,769
SILVER M
28-02-2014
45287.00
1,89,94,72,641.00
41,943
COPPER
28-02-2014
458.85
1,10,02,305.30
23,978
COPPERMINI
28-02-2014
458.85
97,56,068.70
21,262
GOLD M
05-02-2014
29879.00
61,82,56,268.00
20,692
SILVER
05-03-2014
45270.00
88,20,85,950.00
19,485
LEADMINI
31-01-2014
135.70
25,46,953.30
18,769
NICKEL
31-01-2014
893.60
1,42,25,218.40
15,919
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TODAY,S COMMODITY NEWS 28th JANUARY 2014
COMMODITY HEADLINES Cotton rises 10% on demand for exports and local consumption Gold curbs to arrest CAD hit West Bengal’s artisans hard Natural Gas Hits Four-Year Highs, US Consumption Up 7% Over Year In January Copper futures gain 0.51% on spot demand in Share Oil above $97 after rising for 5th straight day Gold Volatile After Recent Rally, Investors Eye Fed Meeting Lead futures up 0.45% as demand picks up Natural Gas Hits Four-Year Highs, US Consumption Up 7% Over Year In January Gold mints on overtime to meet world coin demand Gold extends gains for 2nd day on sustained buying Gold premiums fall on import curbs Gold steady ahead of Fed; stimulus outlook in focus Gold falls 1 pct on Fed worries; equities steady Copper In Deficit of 230000 Tonnes In January-October 2013 LME Copper Unchanged Before China Goes On Lunar Holidays Brent slips over emerging market demand fears
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COMMODITY BUZZ AND ECONOMIC EVENTS 28th JANUARY 2014
SPECIAL NEWS MCX Gold futures stayed supported after recent gains though some moderation emerged following a mini spell of profit selling in European markets today. The COMEX Gold futures came off highs near $1280 per ounce amid a hectic bout of volatility and currently trade at $1263.90, down 40 cents per ounce. MCX Gold futures are trading at Rs 29699, up Rs 180 per 10 grams on the day or 0.61%. Prices had hit highs above Rs 29800 in intraday moves. Natural-gas futures jumped to their highest level in last four years amid worries that extremely cold weather in the US would persist. The traders sidelined the havoc in broad financial markets following emerging market growth worries and helped the Natural gas futures surge to $5.40 per million British thermal units. The counter is quoting at $5.036, up 0.76% on the day now. .
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COMMODITY BUZZ
Australian business conditions improved sharply last month, driving a performance gauge to the highest level in two-and-a-half years. National Australia Bank's monthly business-conditions index rose to plus -four in December from minus-three in November, signalling a possible turning point for an economy that weakened last year as a fading mining boom weighed on growth. German business confidence improved more-thanexpected this month to hit the highest level since July 2011, industry data showed on Monday. The German research institute, Ifo said its Business Climate Index rose to a seasonally adjusted 110.6 in January, up from a reading of 109.5 in December. The Current Assessment Index rose to 112.4 this month, meeting expectations and up from 111.6 in December. The Business Expectations Index, which measures attitudes toward business prospects over the next six months
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EPIC RESEARCH– ANALYST SPEAKS 28th JANUARY 2014
SILVER MCX:
MCX SILVER march contract was closed at RS 44910 up0.82 percent. The SILVER rate have touched an intraday high of Rs 45439 and an intraday low of Rs 44810. So far 20200 contracts have been traded. Silver opened at morning with gap up and made day high. In day session silver trade in range bound and made day high 45439 . After evening Have seen more buying in silver after coming new home sales data of us market and it will helpful to break the nearest resistance 45320 further silver will touch level 45500 next trading session. BUY SILVER ABOVE 45520 TGTS 45720/46020 SL 45180 SELL SILVER BELOW 44900 TGTS 44700/44400 SL 45260
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EPIC RESEARCH– ANALYST SPEAKS 28th JANUARY 2014
GOLD
MCX GOLD February contract was closed at Rs 29355 UP 1.52. percent. The GOLD rate touched an intraday high of Rs 29849 and an intraday low of Rs 29550. So far 12340 contracts have been traded. Gold Price is taking support at 29650 , market is range bound all day. In evening session gold price have cracked the nearest resistance 29750,after coming negative new home sales data of used and made high of 29822 BUY GOLD ABOVE 29850 TGTS 29930/30030 SL 29730 SELL GOLD BELOW 29650 TGTS 29570/29470 SL 29760 X
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EPIC RESEARCH– ANALYST SPEAKS 28th JANUARY 2014
CASTORSEED
RESISTANCE 1
4119.7
RESISTANCE 2
4162.3
PIVOT
4055.3
SUPPORT 1
4012.7
SUPPORT 2
3948.3
Castor seed daily chart shoes Downtrend, bearishness will continue in upcoming trading sessions & MACD is in below mid range. that shows price trend will down. castor seed will give some correction from low. recommending sell on high. Immediate support @ 4125 and immediate resistance @ 4190 BUY CASTORSEED FEB ABOVE 4190 TGTS 4220,4270 SL 4140 SELL CASTORSEED FEB BELOW 4125 TGTS 4095,4045 SL 4175
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EPIC RESEARCH– ANALYST SPEAKS 28th JANUARY 2014
DHANIYA
RESISTANCE 1
8600.7
RESISTANCE 2
8654.3
PIVOT
8543.3
SUPPORT 1
8489.7
SUPPORT 2
8432.3
As per daily chart of Dhaniya Feb., bullishness will continue in upcoming trading session, fundamentally also Dhaniya is in bullish trend. In high levels will come some profit booking , recommending buy on dips ,RSI AND MACD are above from mid range and volume also support the bullish trend. Immediate support @ 8270and immediate resistance @ 8430.
BUY DHANIYA FEB ABOVE 8430 TGTS 8460,8510 SL 8380 SELL DHANIYA FEB BELOW 8270 TGTS 8240,8190 SL 8320
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TODAY’S ECONOMIC EVENTS 28th JANUARY 2014
TIME
COUNTRY
EVENT
ACTUAL FORECAST PREVIOUS
TUESDAY , JANUARY 28
06:00
AUD
NAB BUSINESS CONFIDENCE
15:00
GBP
GDP (YOY)
2.8%
1.9%
15:00
GBP
GDP (QOQ)
0.7%
0.8%
19:00
USD
CORE DURABLE GOODS ORDERS (MOM)
0.5%
1.2%
19:00
USD
DURABLE GOODS ORDERS (MOM)
1.8%
3.4%
19:30
USD
S&P/CS HPI COMPOSITE - 20 (YOY)
13.7%
13.6%
20:30
USD
CB CONSUMER CONFIDENCE
78.1
78.1
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5
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