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Epic Research adopts multiple ways to analyse the markets and statistics to follow economic trends. Epic also provides daily market updates to help you make informed decisions, and will give you trading signals and advice to meet your individual trading needs.
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YOUR MINTVISORY Call us at +91-731-6642300
2nd APRIL 2014
DAILY COMMODITY REPORT
Our Presence
Epic Research India
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Hotline: +91 731 664 2300
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Cell: +1 704 249 2315
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All queries should be directed to
YOUR MINTVISORY Call us at +91-731-6642300
2nd APRIL 2014
COMMODITY CONTRACT OPEN PRICE HIGH LOW CLOSE PRICE %CHANGE OI (in lots)
GOLD 05-APR-14 28610.00 28615.00 28031.00 28536.00 -1.72 480
SILVER 05-MAY-14 42743.00 43000.00 42551.00 42805.00 -0.53 15152
CRUDEOIL 21-APR-14 6104.00 6109.00 5983.00 6119.00 -2.22 8150
NATURALGAS 25-APR-14 262.90 264.70 257.50 262.50 -1.90 6386
COPPER 30-APR-14 403.50 404.65 402.30 404.15 -0.12 19259
LEAD 31-MAR-14 124.25 124.25 122.35 124.40 -1.57 2811
NICKEL 31-MAR-14 956.10 965.10 947.50 958.90 0.50 6121
ZINC 31-MAR-14 119.40 119.50 118.05 119.55 -1.15 1569
ALUMINIUM 31-MAR-14 106.00 106.70 105.65 106.25 0.05 2394
DAILY MARKET WRAPUP
METAL TONNES IN STORAGE
ALUMINIUM -6550
COPPER -1925
LEAD -1325
NICKEL -738
TIN UNCH
ZINC 53975
LME WAREHOUSE STOCKS (01-APRIL- 2014)
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2nd APRIL 2014
COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT
CRUDE OIL (WTI) USD/BBL. 99.65 -1.93 -1.90% MAY 14
CRUDE OIL (BRENT) USD/BBL. 105.44 -0.18 -0.17% MAY 14
RBOB GASOLINE USD/GAL. 286.17 -5.62 -1.93% MAY 14
NYMEX NATURAL GAS USD/MMBTU 4.25 -0.03 -0.68% MAY 14
NYMEX HEATING OIL USD/GAL. 288.49 -0.29 -0.10% MAY 14
COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT
COMEX GOLD USD/T OZ. 1,281.70 +1.70 +0.13% JUN 14
GOLD SPOT USD/T OZ. 1,282.67 +3.72 +0.29% N/A
COMEX SILVER USD/T OZ. 19.78 +0.02 +0.12% MAY 14
COMEX COPPER USD/LB. 305.15 +1.70 +0.56% MAY 14
PLATINUM SPOT USD/T OZ. 1,432.38 +8.13 +0.57% N/A
INTERNATIONAL MARKETS
ENERGY COMMODITY FUTURES
PRECIOUS AND INDUSTRY METALS
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2nd APRIL 2014
COMMODITY EXPIRY SUP.3 SUP.2 SUP.1 PIVOT RES.1
ALUMINIUM 30-Apr 103.58 104.92 105.63 106.97 107.68
COPPER 30-Apr 401.68 402.92 404.18 405.42 406.68
CRUDEOIL 21-Apr 6048 6084 6111 6147 6174
GOLD 5-Jun 27869 28007 28184 28322 28499
LEAD 30-Apr 123.70 124.05 124.40 124.75 125.10
NATURALGAS 25-Apr 255.97 259.23 264.97 268.23 273.97
NICKEL 30-Apr 941.2 950.0 955.0 963.8 968.8
SILVER 5-May 42316 42561 42945 43190 43574
ZINC 30-Apr 117.42 118.48 119.32 120.38 121.22
INTRADAY SUPPORT AND RESISTANCE
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2nd APRIL 2014
MOST ACTIVE CONTRACTS
Symbol Expiry Date LTP Value (In Lacs) Volume (In Lots)
SILVERMICRO 30-04-2014 42615.00 2,50,91,71,200.00 58,880
CRUDE OIL 21-04-2014 5983.00 33,49,82,187.00 55,989
NATURAL GAS 25-04-2014 257.50 1,01,14,342.50 39,279
SILVER M 30-04-2014 42610.00 1,30,45,90,370.00 30,617
COPPER 30-04-2014 403.65 85,29,528.15 21,131
NICKEL 30-04-2014 963.70 1,72,39,629.30 17,889
COPPERMINI 30-04-2014 403.70 62,70,268.40 15,532
GOLD PETAL 30-04-2014 2977.00 4,57,47,559.00 15,367
NICKELMINI 30-04-2014 963.50 1,42,34,749.00 14,774
SILVER 05-05-2014 42580.00 60,74,88,860.00 14,267
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2nd APRIL 2014
TODAY,S COMMODITY NEWS
COMMODITY HEADLINES JACE launches gold hedge contract
Govt reduces tariff value of gold, silver
Silver down 0.3% on weak global cues
Aluminium down 0.5% on global cues
Copper down 0.2% on global cues, subdued demand
Nickel down 0.3% on weak trend in base metals
India extends ban on export of pulses
Favourable policy support to drift agri commodity exports
India's FY14 coffee exports up 3.6%
Oil prices mixed in Asia after strong US data
Oil prices up in Asia on US data
Crude prices rise in Asian trade
India's coffee exports marginally up 2.8% in FY14
Commodities, frontier markets top Jan-Mar investment league
India's crude oil imports up 23% on fuel demand
YOUR MINTVISORY Call us at +91-731-6642300
2nd APRIL 2014
SPECIAL NEWS
The consumer price inflation for industrial workers
eased to a two year low of 6.73% in February due to
weakening pressure on food items. The year-on-year
inflation measured by monthly Consumer Price Index
for Industrial workers (CPI-IW) stood at 6.73% for
February, 2014, as compared to 7.24% for the previous
month and 12.06 per cent during the corresponding
month of the previous year, according to a Labor Min-
istry statement. The food inflation stood at 7.56% in
February, 2014, against 8.94% of the previous month
UK manufacturing production and new orders both
continued to rise at robust clips during March, main-
taining the positive start the sector has made to
2014.The ongoing upturn also supported further job
creation. Price pressures continued to ease, however, as
input costs fell and selling price inflation slowed to a
seven month low. Market CIPS Purchasing Manager's
Index eased to an eight month low of 55.3 in March,
signaling a further cooling of growth from the peaks
scaled towards the end of last year.
COMMODITY BUZZ
National Commodities and Derivatives Exchange
(NCDEX) has announced the launch of futures contracts
in Bajra expiring in the months of May 2014, June 2014
and July 2014 would be available for trading from April
01, 2014. Contracts for further expiries will be launched
as per the contract launch calendar, says the exchange.
US Gold futures managed to continue the recovery on
short covering triggered by weak dollar amid Yellen com-
ments on continuation of stimulus program. On Monday,
Fed Chair Janet Yellen said that there is still room for the
central bank to help the economy and reiterated that the
Fed's commitment to economic stimulus will still be
needed for some time. The U.S. Institute of Supply Man-
agement is to publish a report on U.S. manufacturing
growth for March later in the day. The Comex gold for
June delivery trades at $1,284.20 a troy ounce, up
$0.40and Silver May contract quotes at $19.737 a troy
ounce, down 0.015 over Monday's close Local Gold plum-
meted further on weak international market amid
stronger local currency against the greenback
COMMODITY BUZZ AND ECONOMIC EVENTS
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2nd APRIL 2014
EPIC RESEARCH– ANALYST SPEAKS
SILVER
SILVER MCX Short term trend is DOWN, Immediate support @ 42200Immediate Resistance @ 43600 SILVER MCX Closed @
42588 . Yesterday Intraday Range of SILVER MCX was 440. Open Interest was down +1.24 %, Volumes were 14759 lots. For today
Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements.
BUY SILVER(MAY) ABOVE 43020 TGTS 43270/43620 SL BELOW 42600
SELL SILVER(MAY) BELOW 42500 TGTS 42300/42000 SL 42850
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2nd APRIL 2014
EPIC RESEARCH– ANALYST SPEAKS
GOLD
GOLD MCX Short term trend is down, Immediate support @ 27820 Immediate Resistance @ 28160 GOLD MCX Closed
@ 27912. Yesterday Intraday Range of GOLD MCX was 249. Open Interest was down +3.74 %, Volumes were 12918
lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements.
BUY GOLD(JUN) ABOVE 28020 TGTS 28100/28200 SL 27920
SELL GOLD(JUN) BELOW 27820 TGTS 27740/27640 SL 27920
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2nd APRIL 2014
EPIC RESEARCH– ANALYST SPEAKS
GUARSEED
Guarseed April short term trend looking sideways to bearish in daily chart. Momentum indicators is in mid range.
In intraday basis immediate support @ 4750 & immediate resistance @ 4840.
BUY GUARSEED APR ABOVE 4840 TGTS 4870,4920 SL 4790
SELL GUARSEED APR BELOW 4750 TGTS 4720,4670 SL 4800
RESISTANCE 2 4858.00
RESISTANCE 1 4947.00
PIVOT 4738.00
SUPPORT 1 4693.00
SUPPORT 2 4617.00
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2nd APRIL 2014
EPIC RESEARCH– ANALYST SPEAKS
DHANIYA
On Technical chart Dhaniya April is in bullish trend where dhaniya April future made new high, immediate sup-
port @ 9490 and immediate resistance @ 9630.Momentum indicators RSI and is above their mid range also support
bullish trend in dhaniya. Expecting that rising in price will continue in upcoming trading session.
BUY DHANIYA APR ABOVE 9630 TGTS 9660,9710 SL 9580
SELL DHANIYA APR BELOW 9490 TGTS 9460,9410 SL 9540
RESISTANCE 2 9805.00
RESISTANCE 1 10020.00
PIVOT 9568.00
SUPPORT 1 9460.00
SUPPORT 2 9330.00
YOUR MINTVISORY Call us at +91-731-6642300
2nd APRIL 2014
WEDNESDAY, APRIL 2
TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS
02:00 GBP NATIONWIDE HPI (MOM) 0.8% 0.6%
02:00 GBP NATIONWIDE HPI (YOY) 9.6% 9.4%
03:00 EUR SPANISH UNEMPLOYMENT CHANGE -5.3K -1.9K
04:30 GBP CONSTRUCTION PMI 63.0 62.6
05:00 EUR GDP (QOQ) 0.3% 0.3%
05:00 EUR GDP (YOY) 0.5% 0.5%
07:45 GBP MPC MEMBER CUNLIFFE SPEAKS
08:15 USD ADP NONFARM EMPLOYMENT CHANGE 195K 139K
10:00 USD FACTORY ORDERS (MOM) 1.2% -0.7%
16:00 USD FOMC MEMBER BULLARD SPEAKS
17:45 BRL BRAZILIAN INTEREST RATE DECISION 10.75% 10.75%
20:30 AUD RETAIL SALES (MOM) 0.3% 1.2%
20:30 AUD TRADE BALANCE 0.850B 1.433B
21:00 CNY CHINESE NON-MANUFACTURING PMI 55.0
21:45 CNY CHINESE HSBC SERVICES PMI 51.0
22:00 AUD RBA GOVERNOR STEVENS SPEAKS
TODAY’S ECONOMIC EVENTS
YOUR MINTVISORY Call us at +91-731-6642300
2nd APRIL 2014
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