Epic research daily commodity report of 8 sep 2016

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08 Sep 2016

DAILY COMMODITY REPORT

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08 Sep 2016

COMMODITY CONTRACT OPEN PRICE HIGH LOW CLOSE PRICE OPEN INTEREST

GOLD 5-Oct 31440 31466 31250 31305 8428

SILVER 5-Dec 47512 47548 46915 47013 8504

CRUDEOIL 19-Sep 2981 3032 2962 3020 17863

NATURAL GAS 27-Sep 181.10 182.50 177.50 178.40 7488

COPPER 30-Nov 313.00 314.45 311.00 312.50 36193

NICKEL 30-Sep 671.90 680.80 671.50 679.10 16333

LEAD 30-Sep 128.90 128.90 127.20 127.30 3195

ZINC 30-Sep 154.25 155.65 153.90 154.00 10707

ALUMINIUM 30-Sep 105.40 106.05 105.20 105.40 4919

DAILY MARKET WRAPUP

METAL TONNES IN STORAGE ( MT )

ALUMINIUM -2175

COPPER +4625

LEAD -500

NICKEL -144

ZINC 0

LME WAREHOUSE STOCKS (07-Sep- 2016)


08 Sep 2016

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

Crude Oil (WTI) USD/bbl. 46.31 +0.81 +1.78% Oct 2016

Crude Oil (Brent) USD/bbl. 48.75 +0.77 +1.60% Nov 2016

RBOB Gasoline USD/gal. 136.63 +1.99 +1.48% Oct 2016

NYMEX Natural Gas USD/MMBTU 2.69 +0.01 +0.34% Oct 2016

NYMEX Heating Oil USDGAL. 144.41 +1.76 +1.23% Oct 2016

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX Gold USD/TZ 1,350.80 +1.60 +0.12% Dec 2016

Gold Spot USD/t oz. 1,347.04 +1.86 +0.14% N/A

COMEX Silver USD/t oz. 19.95 +0.10 +0.51% Dec 2016

COMEX Copper USD/lb. 210.20 +0.45 +0.21% Dec 2016

Platinum Spot USD/t oz. 1,092.40 +2.55 +0.23% N/A

INTERNATIONAL MARKETS

ENERGY COMMODITY FUTURES

PRECIOUS AND INDUSTRY METALS


08 Sep 2016

MOST ACTIVE CONTRACTS

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

CRUDEOIL MINI 19-09-2016 3017.00 84,41,83,753.00 2,79,809

CRUDE OIL 19-09-2016 3017.00 63,52,56,503.00 2,10,559

SILVERMICRO 30-11-2016 47026.00 2,18,97,65,690.00 46,565

NATURAL GAS 27-09-2016 178.50 67,27,843.50 37,691

COPPER 30-11-2016 312.40 1,06,78,769.20 34,183

ZINCMINI 30-09-2016 153.95 44,49,770.80 28,904

SILVER M 30-11-2016 47020.00 1,29,03,69,860.00 27,443

NICKEL 30-09-2016 679.00 1,71,75,984.00 25,296

COPPERMINI 30-11-2016 312.40 75,52,894.80 24,177

ZINC 30-09-2016 153.95 32,84,523.25 21,335


08 Sep 2016

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

GOLD 5-Oct 31124.33 31214.67 31340.33 31430.67 31556.33

SILVER 5-Dec 46525.67 46769.33 47158.67 47402.33 47791.67

CRUDEOIL 19-Sep 2934.67 2977.33 3004.67 3047.33 3074.67

NATURAL GAS 27-Sep 174.47 176.43 179.47 181.43 184.47

COPPER 30-Nov 309.20 310.85 312.65 314.30 316.10

NICKEL 30-Sep 667.83 673.47 677.13 682.77 686.43

LEAD 30-Sep 126.10 126.70 127.80 128.40 129.50

ZINC 30-Sep 152.77 153.38 154.52 155.13 156.27

ALUMINIUM 30-Sep 104.70 105.05 105.55 105.90 106.40

INTRADAY SUPPORT AND RESISTANCE


08 Sep 2016

SPECIAL NEWS

South Korea's economy faces downside risks as the U.S. Federal Reserve gears up to raise interest rates and Korea overhauls of its shipping and shipbuilding industries, the finance ministry said on Thursday.The ministry noted in its monthly assessment of the economy that growth could be constrained by extensive strikes at auto-makers.Unionized workers at South Korea's Hyundai Mo-tor (KS:005380) rejected a tentative wage deal last month, signaling more strikes and production losses at its biggest manufacturing base.

Thailand's military government aims to jolt its underper-forming economy into action with $40 billion of big-ticket investment projects - but so far nearly all the plans remain just that, with less than 1 percent of the amount spent.One example is a jointly-built Thai-Chinese rail line. It has gone nowhere after 13 bilateral meetings due to disagreements over cost, financing and land rights. Thailand now says it intends to start the project by it-self.The junta has approved a majority of 20 proposed big-ticket projects it aims to build by 2022, which the trans-port minister estimated will cost 1.41 trillion baht ($40.63 billion). But it had only disbursed 11.3 billion baht, 0.8 percent of the total, by Aug. 19.

COMMODITY BUZZ

Oil prices extended gains by more than 1.5 percent on

Thursday after industry data showed what might be the largest weekly crude stock draw in over three decades.U.S. crude stocks surprisingly plunged by 12.1 million barrels last week, data from the American Petroleum Institute showed after market settlement on Wednesday, compared with expectations for an increase of around 200,000 barrels. [API/S]If official data released from the U.S. government later on Thursday confirms the draw, it would be the larg-est one-week decline since April 1985.London Brent crude for November delivery had climbed 76 cents to $48.74 a barrel by 0126 GMT, after settling up 72 cents on Wednesday.

Gold prices traded in a narrow range in early Asia on Thursday with trade figures regionally in focus led by China.Gold for December delivery on the Comex division of the New York Mercantile Exchange traded in a narrow range of gains and losses around the $1,349.55 a troy ounce level.The world's second largest buyer of the precious metal behind India, China is expected to report a trade bal-ance surplus of $58.00 billion for August with exports seen down 4.0% year-on-year and imports decline 4.9%.Overnight, gold prices were little changed near a three-week high in North American trade on Wednesday, as investors focused on the next set of U.S. data and Fed speakers for further guidance on the timing of the next in-terest rate hike.

COMMODITY BUZZ AND ECONOMIC EVENTS


08 Sep 2016

COMMODITY NEWS

COMMODITY HEADLINES

Copper futures zoom on global cues

Nickel rallies over 1% in noon trade

Crude oil futures zoom on global cues

Silver in reverse gear on Fed Williams’ comments

Copper bulls hog the limelight

Gold flat on US rate hike uncertainty

Oil Bulls rule the roost

Yellow metal little changed on overseas cues


08 Sep 2016

EPIC RESEARCH– ANALYST SPEAKS

GOLD

BUY GOLD ABOVE 31330 TGT 31430 31630 SL 31200

SELL GOLD BELOW 31250 TGT 31150 30950 SL 31350


08 Sep 2016

EPIC RESEARCH– ANALYST SPEAKS

SILVER

BUY SILVER ABOVE 47230 TGT 47430 48000 SL 47030

SELL SIVER BELOW 46900 TGT 46700 46100 SL 47100


08 Sep 2016

THURSDAY, 08 SEPTEMBER 2016

Time Cur. Event Forecast Previous

04:25 AUD RBA Assist Gov Lowe Speaks

04:31 GBP RICS House Price Balance (Aug) 6% 5%

05:20 JPY Adjusted Current Account 1.59T 1.65T

05:20 JPY Current Account n.s.a. (Jul) 2.090T 0.974T

05:20 JPY GDP (YoY) (Q2) 0.2% 0.2%

05:20 JPY GDP (QoQ) (Q2) 0.0% 0.0%

07:00 AUD Trade Balance (Jul) -2.750B -3.195B

17:15 EUR Deposit Facility Rate -0.40% -0.40%

17:15 EUR Interest Rate Decision (Sep) 0.00% 0.00%

18:00 USD Initial Jobless Claims 265K 263K

18:00 EUR ECB President Draghi Speaks

20:30 USD Crude Oil Inventories -0.083M 2.276M

20:30 USD Cushing Crude Oil Inventories -1.039M

TODAY’S ECONOMIC EVENTS


08 Sep 2016

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Epic research daily commodity report of 8 sep 2016