daily commodity report 05 feb 2014 by epic research
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8/13/2019 Daily Commodity Report 05 Feb 2014 by Epic Research
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DAILY COMMODITY REPORT
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COMMODITY CONTRACT OPEN PRICE HIGH LOW CLOSE PRICE CHANGE OI (in lots)GOLD 05 APR 2014 28980.00 29000.00 28606.00 28632.00 -0.61 9631
SILVER 05 MAR 2014 43717.00 43913.00 43405.00 43858.00 -0.44 13015
CRUDE 19 FEB 2014 6075.00 6114.00 6048.00 6083.00 -0.12 10328
NATURAL GAS 25 FEB 2014 312.20 330.70 312.20 310.70 5.83 17938
COPPER 28 FEB 2014 443.35 444.85 441.05 443.65 -0.46 13414
NICKEL 28 FEB 2014 870.30 877.50 861.70 870.80 -0.52 5158
LEAD 28 FEB 2014 130.85 132.70 130.00 130.65 0.00 2870
ZINC 28 FEB 2014 122.50 123.50 121.90 122.85 -0.49 2151
ALUMINIUM 28 FEB 2014 104.05 104.95 103.50 103.90 0.24 5014
DAILY MARKET WRAPUP
METAL TONNES IN STORAGEALUMINIUM -7750
COPPER -600
LEAD -500
NICKEL -126
ZINC -4675
LME WAREHOUSE STOCKS (04-FEB- 2014)
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COMMODITY UNITS PRICE CHANGE CHANGE CONTRACTCRUDE OIL (WTI) USD/BBL. 97.56 +0.37 +0.38% MAR 14
CRUDE OIL (BRENT) USD/BBL. 105.86 +0.08 +0.08% MAR 14
RBOB GASOLINE USD/GAL. 260.89 +0.58 +0.22% MAR 14
NYMEX NATURAL GAS USD/MMBTU 5.27 -0.10 -1.90% MAR 14
NYMEX HEATING OIL USD/GAL. 299.22 +0.93 +0.31% MAR 14
COMMODITY UNITS PRICE CHANGE CHANGE CONTRACTCOMEX GOLD USD/T OZ. 1,254.60 +3.40 +0.27% APR 14
GOLD SPOT USD/T OZ. 1,254.96 +0.31 +0.02% N/A
COMEX SILVER USD/T OZ. 19.56 +0.13 +0.68% MAR 14
COMEX COPPER USD/LB. 320.35 +1.15 +0.36% MAR 14
PLATINUM SPOT USD/T OZ. 1,376.13 +1.75 +0.13% N/A
INTERNATIONAL MARKETS
ENERGY COMMODITY FUTURES
PRECIOUS AND INDUSTRY METALS
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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-APR 28330 28482 28750 28902 29170
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
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MOST ACTIVE CONTRACTS
Symbol Expiry Date LTP Value (In Lacs) Volume (In Lots)NATURAL GAS 25-02-2014 328.80 3,45,14,793.60 1,04,972
SILVERMICRO 28-02-2014 43687.00 3,26,12,34,550.00 74,650
CRUDE OIL 19-02-2014 6076.00 28,11,97,280.00 46,280
SILVER M 28-02-2014 43691.00 1,68,03,55,860.00 38,460
LEADMINI 28-02-2014 130.70 28,78,667.50 22,025
SILVER 05-03-2014 43666.00 90,86,02,128.00 20,808
COPPER 28-02-2014 441.60 88,20,960.00 19,975
COPPERMINI 28-02-2014 441.65 67,02,480.40 15,176
NICKEL 28-02-2014 866.30 1,31,16,648.30 15,141
NICKELMINI 28-02-2014 866.00 1,26,27,146.00 14,581
http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24symbol%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24symbol%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24expiry%20date%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24expiry%20date%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24value%20%28in%20lacs%29%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24value%20%28in%20lacs%29%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24volume%20%28in%20lots%29%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24volume%20%28in%20lots%29%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24volume%20%28in%20lots%29%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24value%20%28in%20lacs%29%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24expiry%20date%27%29/http://__dopostback%28%27mgrdtopgainers%27%2C%27sort%24symbol%27%29/ -
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TODAY,S COMMODITY NEWS
COMMODITY HEADLINES Government cuts import tariff value of gold & silver
Gold import likely below 500 tonnes in FY14: GJF Zinc down 0.16% on global cues, subdued demand
Nickel remains weak on sluggish demand
Copper falls by 0.1% on global cues
Chana up 1% on good demand
Coriander gains 1.13% on spot demand
Potato gains marginally on spot demand Oil prices down in Asia on weak Chinese data
Oil prices mixed after Fed taper decision Kerala will procure rubber to stabilise prices: CM
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SPECIAL NEWS For the second session in a row. MCX Gold contract
showed correction and vulnerability near Rs 29050 per
10 grams. Prices of benchmark Gold for April settle-
ment closed at Rs 28632 per 10 grams, down 1.35% on
4 February 2014. Cautious trades are recommended in
Gold and Silver contracts due to increased volatility in
the last two days. Local speculators are probably chan-
nelizing the trades, as International markets showedlimited moves on Tuesday. Gold should hold onto Rs
28454 per 10 grams levels.
MCX Crude Oil looks in a consolidation mode, and
technically looked to form cup with handle formation
before 31 January 2014. This is a bullish pattern and
marks the period of consolidation. The consolidation
period is followed by the breakout. However, after
testing a high of Rs 6199 per barrel on 31 January
2014, prices have seen a decline. This was a failure of
the pattern to get conformed. Therefore a selling pres-
sure can very much continue in the prices of Crude
Oil with supports emerging at Rs 5950 per barrel.
COMMODITY BUZZ The purchasing managers' index (PMI) for China's non-
manufacturing sector slipped for a third straight month in
January due to slowdown in the real estate sector, as per
the latest data. The index dropped to 53.4 percent in Janu-
ary, the lowest since February 2012, from 54.6 percent in
December, according to official data release. A PMI read-
ing above 50 percent indicates expansion, while a reading
below 50 percent reflects contraction. The decline in PMIfor Non manufacturing has come at a time when China
has faced a cut in the manufacturing PMI numbers, a
week before
UK purchasing managers' index, a measure of the coun-
try's construction sector performance, rose to 64.6 in
January from 62.1 in December. Construction sector ac-
tivity expanded at the fastest pace in nearly six-and-a-half
years in January, a survey by Markit Economics and the
Chartered Institute of Purchasing and Supply (CIPS) re-
vealed Tuesday. The January reading was the highest
since August 2007. The index has now posted above the
boom-or-bust threshold of 50 for nine successive months.
COMMODITY BUZZ AND ECONOMIC EVENTS
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EPIC RESEARCHANALYST SPEAKS
SILVER
SILVER MCX Short term trend is down, Immediate support @ 43500 Immediate Resistance @ 44250SILVER MCX Closed @
43858. Yesterday Intraday Range of SILVER MCX was 508. Open Interest, Volumes were 21080 lots. For today Keep a closeeye 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
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EPIC RESEARCHANALYST SPEAKS
GOLD
GOLD MCX Short term trend is down, Immediate support @ 28600Immediate Resistance @ 29000 GOLD MCX Closed @
28632 . Yesterday Intraday Range of GOLD MCX was 389 Open Interest. Volumes were 13535 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
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EPIC RESEARCHANALYST SPEAKS
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 @ 4030 & immediate resistance @ 4135.
BUY CASTORSEED FEB ABOVE 4135 TGTS 4165,4215 SL 4085
SELL CASTORSEED FEB BELOW 4030 TGTS 4000,3950 SL 4080
RESISTANCE 1 4144.7
RESISTANCE 2 4184.3
PIVOT 4072.7
SUPPORT 1 4040.3
SUPPORT 2 4000.7
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EPIC RESEARCHANALYST SPEAKS
DHANIYA
Daily chart of Dhaniya shows bullishness and it will continue its rally from nearest support level to upper side. Fun-
damentally also Dhaniya is in bullish trend. Recommending buy on dips, momentum indicator RSI is below midrange. But All over Dhaniya is in bullish trend. Immediate support @ 8000 and immediate resistance @ 8085.
BUY DHANIYA FEB ABOVE 8085 TGTS 8115,8165 SL 8035
SELL DHANIYA FEB BELOW 8000 TGTS 7970,7920 SL 8050
RESISTANCE 1 8950.3
RESISTANCE 2 9018.7
PIVOT 8860..3
SUPPORT 1 8792.7
SUPPORT 2 8702.7
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TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUSWEDNESDAY, FEBRUARY 5
03:15 NZD EMPLOYMENT CHANGE (QOQ) 0.6% 1.2%
03:15 NZD UNEMPLOYMENT RATE 6.0% 6.2%
13:43 EUR SPANISH SERVICES PMI 54.8 54.2
14:13 EUR ITALIAN SERVICES PMI 48.6 47.9
14:18 EUR FRENCH SERVICES PMI 48.6 48.6
14:23 EUR GERMAN SERVICES PMI 53.6 53.6
14:28 EUR SERVICES PMI 51.9 51.9
14:58 GBP SERVICES PMI 59.0 58.8
15:30 EUR RETAIL SALES (MOM) -0.5% 1.4%
15:30 EUR RETAIL SALES (YOY) 1.5% 1.6%
18:45 USD ADP NONFARM EMPLOYMENT CHANGE 180K 238K
19:00 CAD BUILDING PERMITS (MOM) 2.0% -6.7%
20:30 USD ISM NON-MANUFACTURING EMPLOYMENT 55.8
20:30 USD ISM NON-MANUFACTURING PMI 53.7 53.0
TODAYS ECONOMIC EVENTS
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