DAILY COMMODITY REPORT 29th JANUARY 2014
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DAILY MARKET WRAPUP 29th JANUARY 2014 COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
%CHANGE
OI (in lots)
GOLD
05 FEB 2014
29718.00
29718.00
29470.00
29798.00
-0.85
6786
SILVER
05 MAR 2014
45025.00
45025.00
44145.00
45214.00
-2.15
12763
CRUDE
20 JAN 2014
6077.00
6154.00
6043.00
6088.00
0.84
12055
NATURAL GAS
28 JAN 2014
305.00
309.60
297.20
306.70
0.03
14608
COPPER
28 FEB 2014
459.00
459.00
452.55
459.55
-1.39
10890
NICKEL
31 JAN 2014
898.20
898.20
882.00
894.10
-8.20
3904
LEAD
31 JAN 2014
136.10
136.10
133.40
136.35
-1.21
2752
ZINC
31 JAN 2014
126.30
126.60
124.75
126.95
-1.30
1510
ALUMINIUM
31 JAN 2014
108.35
108.65
107.20
108.95
-1.10
1836
LME WAREHOUSE STOCKS (28– JAN- 2014)
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METAL
TONNES IN STORAGE
ALUMINIUM
-7325
COPPER
-2825
LEAD
-500
NICKEL
198
ZINC
-4800 Call us at +91-731-6642300
INTERNATIONAL MARKETS 29th JANUARY 2014
PRECIOUS AND INDUSTRY METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX GOLD
USD/T OZ.
1,253.50
+3.00
+0.24%
APR 14
GOLD SPOT
USD/T OZ.
1,253.77
-3.06
-0.24%
N/A
COMEX SILVER
USD/T OZ.
19.57
+0.07
+0.34%
MAR 14
COMEX COPPER
USD/LB.
326.20
+0.90
+0.28%
MAR 14
PLATINUM SPOT
USD/T OZ.
1,411.69
+1.56
+0.11%
N/A
ENERGY COMMODITY FUTURES COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
CRUDE OIL (WTI)
USD/BBL.
97.17
+1.45
+1.51%
MAR 14
CRUDE OIL (BRENT)
USD/BBL.
107.40
-0.01
-0.01%
MAR 14
RBOB GASOLINE
USD/GAL.
263.54
+1.37
+0.52%
FEB 14
NYMEX NATURAL GAS
USD/MMBTU
4.99
-0.04
-0.85%
FEB 14
NYMEX HEATING OIL
USD/GAL.
313.50
+1.32
+0.42%
FEB 14
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INTRADAY SUPPORT AND RESISTANCE 29th JANUARY 2014
COMMODITY
EXPIRY
SUP.3
SUP.2
SUP.1
PIVOT
RES.1
ALUMINIUM
31-JAN
105.60
106.40
107.05
107.85
108.50
COPPER
28-FEB
444.17
448.33
450.67
454.83
457.17
CRUDEOIL
19-FEB
5955
5999
6066
6110
6177
GOLD
5-FEB
29173
29322
29421
29570
29669
LEAD
31-JAN
130.43
131.92
133.13
134.62
135.83
NATURALGAS
28-JAN
293.23
299.97
308.93
315.67
324.63
NICKEL
31-JAN
863.1
872.6
879.3
888.8
895.5
SILVER
5-MAR
42958
43542
43856
44440
44754
ZINC
31-JAN
122.48
123.62
124.33
125.47
126.18
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MOST ACTIVE CONTRACTS 29th JANUARY 2014
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
SILVERMICRO
28-02-2014
44304.00
4,38,64,94,736.00
99,009
NATURAL GAS
25-02-2014
306.80
2,27,37,868.40
74,113
CRUDE OIL
19-02-2014
6139.00
37,09,85,909.00
60,431
SILVER M
28-02-2014
44300.00
1,82,23,24,800.00
41,136
COPPER
28-02-2014
453.15
1,10,52,781.65
24,391
SILVER
05-03-2014
44257.00
1,00,69,79,521.00
22,753
LEADMINI
31-01-2014
134.70
28,49,174.40
21,152
COPPERMINI
28-02-2014
453.15
93,69,329.40
20,676
GOLD M
05-02-2014
29660.00
50,87,57,980.00
17,153
NICKEL
31-01-2014
885.90
1,15,40,619.30
13,027
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TODAY,S COMMODITY NEWS 29th JANUARY 2014
COMMODITY HEADLINES
Gold slips for third session, Fed policy meeting in focus
Gold to remain buoyant for short term on robust Chinese buying
Gold may hit $1,330/oz on strong demand
Govt imposes 5% export duty on iron ore pellets
Copper up 0.2% as demand picks up
Nickel down 0.6% on global cues
Cardamom up 0.4% on spot demand
Chana down 0.9% on profit-booking
Palm oil down 0.7% on weak overseas cues
Oil prices supported by dip in US distillate supplies
Oil prices hit by profit-taking in Asian trade
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COMMODITY BUZZ AND ECONOMIC EVENTS 29th JANUARY 2014
COMMODITY BUZZ :
SPECIAL NEWS Copper declined yesterday on rising short positions by day traders. MCX Copper closed at Rs 453 per kg, down 1.45%. The prices are slowly getting trimmed and a decline below Rs 451 per kg is expected to take prices to Rs 445 per kg. Resistance of Rs 459 and 461 per kg is intact in Copper. The settlement of Copper last night was below the 100 day EMA of Rs 453.8 per kg. The next wave of correction could be near to 200 day EMA of Rs 446 per
Gold futures inched up in the Asia electronic session today lifted by the bargain buying after the metal tumbled 1% yesterday. The metal may come back under pressure ahead of the FOMC decision due later yesterday. Gold futures for February delivery are trading up $2.6 at $ 1253.4 an ounce on the Comex division of the New York Mercantile Exchange. Yesterday, it shed $12.60, or 1%, to settle at $1,250.80 an ounce. March silver lost 29 cents, or 1.5%
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The American Petroleum Institute late Tuesday reported a nearly 4.8 million-barrel rise in crude supplies for the week ended Jan. 24, according to data from sources. Analysts surveyed by Platts had forecast a climb of 2.1 million barrels in crude supplies. Analysts were looking for gasoline supplies to rise by 1.6 million barrels and distillate inventories to fall by 2.3 million barrels. The more closely watched Energy Information Administration report is due Wednesday.
New orders for manufactured durable goods in December decreased $10.3 billionor 4.3 percent to $229.3 billion, the U.S. Census Bureau announced today. Thisdecrease, down two of the last three months, followed a 2.6 percent Novemberincrease. Excluding transportation, new orders decreased 1.6 percent, aftersurging 0.10% in the last month. Excluding defense, new orders decreased 3.7percent.
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EPIC RESEARCH– ANALYST SPEAKS 29th JANUARY 2014
SILVER MCX:
MCX SILVER march contract was closed at RS45214 down –2.15 percent. The SILVER rate touched an intraday high of Rs 445025 and an intraday low of Rs 44142. So far 20670 contracts have been traded. The Silver is taking immediate support at 44050 If its break @ 44050 level then Silver price fall till 43700 with volume Silver opened at morning with gap down and made day high. In day session silver trade in range bound and made day high 45025 . After evening Have seen more selling in silver after coming positive data of us market and it will helpful to break the nearest support 44050 further silver will touch level 43700 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 29th JANUARY 2014
GOLD MCX:
MCX GOLD February contract was closed at Rs 29798UP Rs -.0850. percent. The GOLD rate touched an intraday high of Rs 29718 and an intraday low of Rs 29470. So far 12630 contracts have been traded. Gold Price is taking support at 29450 , market is range bound all day. In evening session gold price have cracked the nearest support 29550,after coming positive us data of CB Consumer Confidence and made low of 2947 BUY GOLD ABOVE 29850 TGTS 29930/30030 SL 29730 SELL GOLD BELOW 29650 TGTS 29570/29470 SL 29760
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EPIC RESEARCH– ANALYST SPEAKS 29th JANUARY 2014
CASTORSEED
RESISTANCE 1
4181.70
RESISTANCE 2
4256.30
PIVOT
4122.3
SUPPORT 1
4047.7
SUPPORT 2
3988.3
Castor seed daily chart shows Downtrend, bearishness will continue in upcoming trading session RSI & 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 @ 4080 and immediate resistance @ 4155. BUY CASTORSEED FEB ABOVE 4155 TGTS 4185,4245 SL 4105 SELL CASTORSEED FEB BELOW 4080 TGTS 4050,4000 SL 4130
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EPIC RESEARCH– ANALYST SPEAKS 29th JANUARY 2014
DHANIYA
RESISTANCE 1
8379.7
RESISTANCE 2
8439.3
PIVOT
8307.3
SUPPORT 1
8247.7
SUPPORT 2
8175.3
Dhaniya daily chart, there is some profit booking in upper level, but still trend is bullish. continue in upcoming trading session, fundamentally also Dania is in bullish trend. Recommending buy on dips, movement am indicator RSI AND MACD are above from mid range have plus point of bullishness. Immediate support @ 8235 and immediate resistance @ 8370 BUY DHANIYA FEB ABOVE 8370 TGTS 8400,8450 SL 8320 SELL DHANIYA FEB BELOW 8235 TGTS 8205,8155 SL 8285
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TODAY’S ECONOMIC EVENTS 29th JANUARY 2014
TIME
COUNTRY
EVENT
ACTUAL FORECAST PREVIOUS
WEDNESDAY , JANUARY 29
12:30
EUR
GFK GERMAN CONSUMER CLIMATE
7.6
7.6
12:30
GBP
NATIONWIDE HPI (MOM)
0.6%
1.4%
14:30
NOK
NORWEGIAN UNEMPLOYMENT RATE
3.3%
3.3%
17:45
GBP
BOE GOV CARNEY SPEAKS
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