Daily commodity report_04_feb_2014 by epic research

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4rd FEBRUARY 2014

DAILY COMMODITY REPORT

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4rd FEBRUARY 2014

COMMODITY CONTRACT OPEN PRICE HIGH LOW CLOSE PRICE %CHANGE OI (in lots)

GOLD 05 FEB 2014 29500.00 29885.00 29399.00 29485.00 0.80 15518

SILVER 05 MAR 2014 43250.00 44150.00 42928.00 43220.00 1.05 12662

CRUDE 19 FEB 2014 6151.00 6151.00 6058.00 6156.00 -0.68 10740

NATURAL GAS 25 FEB 2014 302.80 311.20 298.60 320.30 -3.43 15006

COPPER 28 FEB 2014 444.40 446.00 442.80 447.05 -0.82 11910

NICKEL 28 FEB 2014 876.20 887.90 867.60 866.80 0.54 4986

LEAD 28 FEB 2014 132.75 132.75 130.65 132.70 -1.43 3221

ZINC 28 FEB 2014 123.50 123.70 122.45 124.25 -1.17 2211

ALUMINIUM 28 FEB 2014 105.80 106.10 103.95 107.10 -2.94 4746

DAILY MARKET WRAPUP

METAL TONNES IN STORAGE

ALUMINIUM -7600

COPPER -650

LEAD -50

NICKEL -540

ZINC -4350

LME WAREHOUSE STOCKS (31 JAN- 2014)


4rd FEBRUARY 2014

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL (WTI) USD/BBL. 96.58 +0.15 +0.16% MAR 14

CRUDE OIL (BRENT) USD/BBL. 105.99 -0.05 -0.05% MAR 14

RBOB GASOLINE USD/GAL. 260.99 -2.15 -0.82% MAR 14

NYMEX NATURAL GAS USD/MMBTU 5.05 +0.10 +1.94% MAR 14

NYMEX HEATING OIL USD/GAL. 300.46 +0.75 +0.25% MAR 14

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1,256.20 -3.70 -0.29% APR 14

GOLD SPOT USD/T OZ. 1,256.56 -1.09 -0.09% N/A

COMEX SILVER USD/T OZ. 19.33 -0.08 -0.41% MAR 14

COMEX COPPER USD/LB. 318.15 -0.20 -0.06% MAR 14

PLATINUM SPOT USD/T OZ. 1,381.63 -0.87 -0.06% N/A

INTERNATIONAL MARKETS

ENERGY COMMODITY FUTURES

PRECIOUS AND INDUSTRY METALS


4rd FEBRUARY 2014

COMMODITY EXPIRY SUP.3 SUP.2 SUP.1 PIVOT RES.1

ALUMINIUM 28-FEB 100.80 102.30 103.10 104.60 105.40

COPPER 28-FEB 439.10 440.95 442.30 444.15 445.50

CRUDEOIL 19-FEB 5951 6004 6044 6097 6137

GOLD 5-FEB 29048 29224 29534 29710 30020

LEAD 28-FEB 127.60 129.05 129.85 131.30 132.10

NATURALGAS 25-FEB 288.53 293.57 302.13 307.17 315.73

NICKEL 28-FEB 842.7 855.1 863.0 875.4 883.3

SILVER 5-MAR 41919 42423 43141 43645 44363

ZINC 28-FEB 121.05 121.75 122.30 123.00 123.55

INTRADAY SUPPORT AND RESISTANCE


4rd FEBRUARY 2014

MOST ACTIVE CONTRACTS

Symbol Expiry Date LTP Value (In Lacs) Volume (In Lots)

SILVERMICRO 28-02-2014 43710.00 3,97,17,96,570.00 90,867

NATURAL GAS 25-02-2014 309.30 2,68,23,114.60 86,722

CRUDE OIL 19-02-2014 6114.00 41,33,73,654.00 67,611

SILVER M 28-02-2014 43715.00 2,03,64,63,275.00 46,585

SILVER 05-03-2014 43675.00 1,05,35,28,350.00 24,122

COPPER 28-02-2014 443.40 76,18,498.80 17,182

LEADMINI 28-02-2014 130.85 17,65,166.50 13,490

COPPERMINI 28-02-2014 443.30 56,44,982.20 12,734

NICKEL 28-02-2014 871.50 1,08,34,488.00 12,432

NICKELMINI 28-02-2014 871.10 1,03,44,312.50 11,875


4rd FEBRUARY 2014

TODAY,S COMMODITY NEWS

COMMODITY HEADLINES

Gold import likely below 500 tonnes in FY14: GJF

Hedging by gold miners at decade low in Sept quarter

Gold falls 1% as Fed taper weighs, China demand fades

Zinc down by 0.6% on subdued demand

Coffee exports up 38% in Jan on strong global prices

Chana down 0.70% on increased supply, weak demand

Oil prices mixed after Fed taper decision

Oil prices down in Asian trade

Oil rebounds in Asia on bargain hunting

Commexes seek reforms: Urge series of steps on govt, FMC

Mentha oil down 0.7% on sluggish demand


4rd FEBRUARY 2014

SPECIAL NEWS

Gold held on to sharp overnight gains on Tuesday

as Asian equities slumped and investors worried

over U.S. economic growth after disappointing

manufacturing data. Asian shares tumbled with

Nikkei falling 3 per cent, after Wall Street suffered

its worst drop since June and as markets continued

to fret over an emerging market rout. Equities

have come under pressure this year due to slowing

growth in China and capital outflows from emerg-

ing nations where the US Federal Reserve's stimu-

lus tapering is taking a toll. Gold is gaining as it is

often seen as an alternative investment to stocks

and other risky assets

Bullion snapped five weeks of advances last week,

falling 2 per cent, but posted a 3.2 per cent gain in

January for the first monthly increase in five, ow-

ing to weakness in global equities gripped by con-

cerns over emerging economies US gold futures for

February delivery rose 1.8 per cent to $1,262.20 an

ounce.

COMMODITY BUZZ

The Indian Government Monday cut the import tariff

value on gold and silver to $404 per ten grams and

$635 per kg, respectively, taking into account the

volatility in the global prices. Import tariff value is

the base price at which customs duty is determined to

prevent under-invoicing. The tariff value is revised on

a fortnightly basis after analysing the global price

trend. The notification in this regard has been issued

by the Central Board of Excise and Customs ( CBEC),

U.S. manufacturing activity registered modest growth

in the month of January, the Institute for Supply

Management showed on Monday. The ISM said its

purchasing managers index fell to 51.3 in January

from a revised 56.5 in December. A reading above 50

indicates continued growth in the manufacturing sec-

tor. With the much steeper than expected decrease,

the purchasing managers index fell to its lowest level

since hitting 50.0 in May of 2013,

COMMODITY BUZZ AND ECONOMIC EVENTS


4rd FEBRUARY 2014

EPIC RESEARCH– ANALYST SPEAKS

SILVER

SILVER MCX Short term trend is UP, Immediate support @ 43550 Immediate Resistance @ 44250 SILVER MCX Closed @

43858 . Yesterday Intraday Range of SILVER MCX was 1222. Open Interest was UP 12092, Volumes were 25648 lots. For

today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements.

BUY SILVER ABOVE 43950 TGTS 44150/44450 SL 43550

SELL SILVER BELOW 43550 TGTS 43350/43050 SL 43950


4rd FEBRUARY 2014


GOLD

GOLD MCX Short term trend is UP, Immediate support @ 28850Immediate Resistance @ 29050 GOLD MCX Closed

@ 29017 . Yesterday Intraday Range of GOLD MCX was 420 Open Interest was UP 9641 Volumes were 12613 lots.

For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements.

BUY GOLD(APR) ABOVE 29050 TGTS 29130/29230 SL 28940

SELL GOLD(APR) BELOW 28850 TGTS 28770/28670 SL 28960


4rd FEBRUARY 2014


CASTORSEED

Castorseed Feb. looking sideways to bearish in daily chart. Momentum indicators also support bearishness, recom-

mending sell on high. In Intraday basis immediate support @ 4040 &immediate resistance @ 4120.

BUY CASTORSEED FEB ABOVE 4120 TGTS 4150,4200 SL 4070

SELL CASTORSEED FEB BELOW 4040 TGTS 4010,3960 SL 4090

RESISTANCE 1 4173.7

RESISTANCE 2 4217.3

PIVOT 4143.7

SUPPORT 1 4099.0

SUPPORT 2 4069.0


4rd FEBRUARY 2014


DHANIYA

From last 3 days profit booking was continue from upper side today, now expecting rally will continue in up upside.

Fundamentally also Dhaniya is in bullish trend. Recommending buy on dips, momentum indicator RSI and MACD

signs bull. Immediate support @ 8015 and immediate resistance @ 8150.

BUY DHANIYA FEB ABOVE 8150 TGTS 8180,8230 SL 8100

SELL DHANIYA FEB BELOW 8015 TGTS 8085,8035 SL 8065

RESISTANCE 1 8950.3

RESISTANCE 2 9018.7

PIVOT 8860..3

SUPPORT 1 8792.7

SUPPORT 2 8702.7


4rd FEBRUARY 2014

TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS

TUESDAY, FEBRUARY 4

TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS

04:30 KRW SOUTH KOREAN CPI (YOY) 1.1% 1.1% 1.1%

09:00 AUD INTEREST RATE DECISION 2.50% 2.50% 2.50%

09:00 AUD RBA RATE STATEMENT

13:30 EUR SPANISH UNEMPLOYMENT CHANGE -21.0K -107.6K

15:00 GBP CONSTRUCTION PMI 61.5 62.1

19:30 USD TREASURY SECRETARY LEW SPEAKS

20:30 USD FACTORY ORDERS (MOM) -1.7% 1.8%

TODAY’S ECONOMIC EVENTS


4rd FEBRUARY 2014

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Daily commodity report_04_feb_2014 by epic research