Daily commodity report 16 01-2014 by epic research

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DAILY COMMODITY REPORT 16 JANUARY 2014

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

GOLD 05 FEB 2014 29023.00 29074.00 28865.00 29096.00 -0.33 8,678

SILVER 05 MAR 2014 44666.00 44889.00 44314.00 44785.00 -0.34 10,120

CRUDE 20 JAN 2014 5710.00 5824.00 5688.00 5701.00 2.05 11,993

NATURAL GAS 28 JAN 2014 298.10 273.00 267.80 268.50 1.23 14,848

COPPER 28 FEB 2014 454.90 460.25 452.30 455.55 0.90 12,625

NICKEL 31 JAN 2014 879.70 898.00 873.90 882.00 1.27 6,882

LEAD 31 JAN 2014 133.70 136.20 132.15 133.85 1.27 3,527

ZINC 31 JAN 2014 127.10 128.90 126.20 127.60 0.67 3,110

ALUMINIUM 31 JAN 2014 106.40 108.35 106.05 106.50 1.17 3,314

DAILY MARKET WRAPUP 16 JANUARY 2014

METAL TONNES IN STORAGE

ALUMINIUM -7800

COPPER -1525

LEAD -500

NICKEL 528

ZINC -4425

LME WAREHOUSE STOCKS (16– JAN- 2014)


COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL (WTI) USD/BBL. 94.20 +0.03 +0.03% FEB 14

CRUDE OIL (BRENT) USD/BBL. 107.13 +0.74 +0.70% FEB 14

RBOB GASOLINE USD/GAL. 262.10 -0.14 -0.05% FEB 14

NYMEX NATURAL GAS USD/MMBTU 4.33 +0.01 +0.21% FEB 14

NYMEX HEATING OIL USD/GAL. 297.81 -0.15 -0.05% FEB 14

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1,239.50 +1.20 +0.10% FEB 14

GOLD SPOT USD/T OZ. 1,240.05 -1.83 -0.15% N/A

COMEX SILVER USD/T OZ. 20.15 +0.01 +0.05% MAR 14

COMEX COPPER USD/LB. 335.65 -0.15 -0.04% MAR 14

PLATINUM SPOT USD/T OZ. 1,427.39 -1.97 -0.16% N/A

INTERNATIONAL MARKETS 16th JANUARY 2014

ENERGY COMMODITY FUTURES

PRECIOUS AND INDUSTRY METALS


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

ALUMINIUM 31-JAN 105.10 106.45 107.40 108.75 109.70

COPPER 28-FEB 449.52 454.68 457.47 462.63 465.42

CRUDEOIL 20-JAN 5639 5731 5780 5872 5921

GOLD 5-FEB 28777 28898 28986 29107 29195

LEAD 31-JAN 130.65 133.20 134.70 137.25 138.75

NATURALGAS 28-JAN 265.23 267.87 270.43 273.07 275.63

NICKEL 31-JAN 863.5 878.3 888.2 903.0 912.9

SILVER 5-MAR 44088 44436 44663 45011 45238

ZINC 31-JAN 125.20 126.90 127.90 129.60 130.60

INTRADAY SUPPORT AND RESISTANCE 16th JANUARY 2014


MOST ACTIVE CONTRACTS 166h JANUARY 2014

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

SILVERMICRO 28-02-2014 44815.00 3,11,55,38,800.00 69,520

CRUDE OIL 20-01-2014 5818.00 37,29,80,344.00 64,108

NATURAL GAS 28-01-2014 271.80 1,35,52,763.40 49,863

SILVER M 28-02-2014 44811.00 1,61,74,08,234.00 36,094

COPPER 28-02-2014 459.65 1,16,41,095.90 25,326

LEADMINI 31-01-2014 135.50 31,30,998.50 23,107

COPPERMINI 28-02-2014 459.70 90,07,361.80 19,594

NICKEL 31-01-2014 893.20 1,63,84,860.80 18,344

SILVER 05-03-2014 44790.00 75,34,57,380.00 16,822

NICKELMINI 31-01-2014 893.10 1,36,59,964.50 15,295


SPECIAL NEWS :

National Commodities And Derivatives Exchange

(NCDEX) Yesterday announced the launch of GOLD-

HEDGE, an innovative gold contract that the ex-

change claims would signal the most transparent and

straightforward price benchmark of this precious

metal to the consumer. The contract is available for

trading from January 16, 2014

A press release from the exchange says that “For the

first time in the 10-year history of Indian commodity

derivatives trading, jewellers, traders, banks, consum-

ers, and gold refiners will be able to perceive maxi-

mum co-relation between Indian and international

gold prices through the GOLDHEDGE contract, which

is designed to remain unclouded by domestic demand-

supply factors”.

MCX Gold futures are in red, falling under Rs 29000

per 10 grams amid bearish global cues. The COMEX

Gold futures have eased, failing to extend their recent

gains. The yellow metal had topped a one-month high

above $1250 per ounce but failed to hold on to these

levels and dropped back yesterday.

COMMODITY BUZZ :

As per the World Bank's latest Global Economic Prospects

report, growth in South Asia expanded a modest 4.6 per-

cent in 2013, reflecting weakness in India amid high infla-

tion, and current account and government deficits. More

recently, regional exports have recovered, because of

strengthening external demand and the earlier deprecia-

tion of the Indian rupee. Regional growth is projected to

improve to 5.7 percent in 2014, rising to 6.7 percent in

2016, led mainly by recovering import demand by high-

income economies and regional investmen

UK wheat imports showed their first year-on-year decline

in nearly three years as the decent quality of the latest

harvest eased the pressure on souring from other coun-

tries. The UK imported 129,483 tonnes of wheat in No-

vember, customs data showed. While still a historically

high figure, it signalled an easing off in the huge imports

the UK has seen since the poor quality of its wet-affected

2012 harvest. The figure was the lowest for any month

since June 2012 and showed the first year-on-year decline

since February 2012..

COMMODITY BUZZ AND ECONOMIC EVENTS 16th JANUARY 2014


EPIC RESEARCH– ANALYST SPEAKS 16th JANUARY 2014

SILVER MCX:

SILVER march contract was closed at RS 44785 down Rs119 , or -0.34percent.

The SILVER rate have touched an intraday high of Rs 44889 and intraday low of Rs 44314. So far 17020 contracts have been traded.

Silver opened at morning with gap down and made day high. In day session silver trade in range-bound and made night high

44889 .After evening Have seen more buying in silver and it will helpful to break the nearest resistance 44950 further silver will

touch level 45200 next trading session.

BUY SILVER ABOVE 44950 TGTS 45150/45450 SL 44600

SELL SILVER BELOW 44600 TGTS 44350/44000 SL 45000



GOLD MCX:

GOLD February contract was closed at Rs 29096 down 73 R, or –0.33 percent.

The GOLD rate touched an intraday high of Rs 29074 and intraday low of Rs 28865. So far 12730 contracts have beetraded.

Gold Price is taking support at 28840 trade in volatile range all day.

In evening session gold price have cracked the nearest resistance 28960 and made high of 29074

BUY GOLD ABOVE 29040 TGTS 29120/29220 SL 28920

SELL GOLD BELOW 28980 TGTS 28900/28800 SL 29100



CASTORSEED

CASTORSEED continuing the sideways in daily chart from past week. but all over it is in downtrend.RSI is below 50.00

also support fall in castor seed Feb. contract. Immediate support @ 4400 and immediate resistance @ 4480. 4300 is also

a strong support level and if it sustain below it, may signing of continue the trend.

BUY CASTORSEEDFEB ABOVE 4480 TGTS 4510/ 4560 SL 4430

SELL CASTORSEEDFEB BELOW 4400 TGTS 4380/4330 SL 4450

RESISTANCE 1 4487.30


PIVOT 4415.70

SUPPORT 1 4361.30

SUPPORT 2 4289.70



DHANIYA

DHANIYA Feb. looks weak in daily chart, immediate support @ 8010 and immediate resistance @ 8150.

fresh short position can be initiated below 7750 level. In daily chart RSI is 47.92,which is below

50 that will support the bearish trend in Dhaniya.

BUY DHANIYA FEB ABOVE 8150 TGTS 8180 / 8230 SL 8100

SELL DHANIYA FEB BELOW 8010 TGTS 7980 / 7930 SL 8060



PIVOT 8012.70

SUPPORT 1 7910.30

SUPPORT 2 7747.70


Time Country Event Actual Forecast

WENESDAY 16 JANUARY 2014

04:00 EUR ECB MONTHLY REPORT

05:00 EUR CORE CPI (YOY) 0.9% 0.9%

05:00 EUR CPI (YOY) 0.8% 0.8%

05:00 EUR CPI (MOM) 0.3% -0.1%

08:30 CAD FOREIGN SECURITIES PURCHASES 7.21B 4.41B

08:30 USD CORE CPI (YOY) 1.7% 1.7%

08:30 USD CORE CPI (MOM) 0.1% 0.2%

08:30 USD CPI (YOY) 1.5% 1.2%

08:30 USD CPI (MOM) 0.3% 0.0%

08:30 USD INITIAL JOBLESS CLAIMS 328K 330K

09:00 USD TIC NET LONG-TERM TRANSACTIONS 42.3B 35.4B

10:00 USD PHILADELPHIA FED MANUFACTURING INDEX 8.6 7.0

11:10 USD FED CHAIRMAN BERNANKE SPEAKS

16:45 BRL BRAZILIAN INTEREST RATE DECISION 10.25% 10.00%

TODAY’S ECONOMIC EVENTS 16 JANUARY 2014


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Daily commodity report 16 01-2014 by epic research