epic research daily commodity report of 23 sep 2016

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23 Sep 2016

DAILY COMMODITY REPORT

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23 Sep 2016

COMMODITY CONTRACT OPEN PRICE HIGH LOW CLOSE PRICE OPEN INTEREST

GOLD 5-Oct 31250 31380 31157 31332 7293

SILVER 5-Dec 47302 47635 47070 47568 8844

CRUDEOIL 19-oct 3070 3111 3062 3101 17510

NATURAL GAS 27-Sep 205.80 206.50 199.50 200.60 6978

COPPER 30-Nov 323.40 327.30 323.40 326.75 24682

NICKEL 30-Sep 691.00 706.70 691.00 705.10 14609

LEAD 30-Sep 129.85 130.50 129.20 129.30 2851

ZINC 30-Sep 152.20 153.30 151.70 152.15 7249

ALUMINIUM 30-Sep 105.80 108.40 105.80 108.30 3234

DAILY MARKET WRAPUP

METAL TONNES IN STORAGE ( MT )

ALUMINIUM -8150

COPPER -1750

LEAD -200

NICKEL +120

ZINC -300

LME WAREHOUSE STOCKS (22-Sep- 2016)


23 Sep 2016

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

Crude Oil (WTI) USD/bbl. 45.81 -0.51 -1.10% Oct 2016

Crude Oil (Brent) USD/bbl. 47.27 -0.38 -0.80% Nov 2016

RBOB Gasoline USD/gal. 138.10 -2.08 -1.48% Oct 2016

NYMEX Natural Gas USD/MMBTU 2.99 +0.00 +0.13% Oct 2016

NYMEX Heating Oil USDGAL. 144.51 -0.91 -0.63% Oct 2016

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX Gold USD/TZ 1,338.50 -6.20 -0.46% Dec 2016

Gold Spot USD/t oz. 1,334.49 -2.58 -0.19% N/A

COMEX Silver USD/t oz. 19.87 -0.23 -1.14% Dec 2016

COMEX Copper USD/lb. 218.75 -0.70 -0.32% Dec 2016

Platinum Spot USD/t oz. 1,055.07 +0.23 +0.02% N/A

INTERNATIONAL MARKETS

ENERGY COMMODITY FUTURES

PRECIOUS AND INDUSTRY METALS


23 Sep 2016

MOST ACTIVE CONTRACTS

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

CRUDEOIL MINI 19-10-2016 3103.00 57,91,74,950.00 1,86,650

CRUDE OIL 19-10-2016 3102.00 49,94,43,714.00 1,61,007

NATURAL GAS 27-09-2016 201.10 1,27,41,696.00 63,360

SILVERMICRO 30-11-2016 47573.00 2,55,99,03,130.00 53,810

NICKEL 30-09-2016 704.00 2,40,20,480.00 34,120

SILVER M 30-11-2016 47573.00 1,50,40,20,395.00 31,615

COPPER 30-11-2016 326.70 91,56,420.90 28,027

ZINCMINI 30-09-2016 152.30 41,02,962.00 26,940

SILVER 05-12-2016 47565.00 1,12,89,07,710.00 23,734

NICKELMINI 30-09-2016 704.10 1,59,77,437.20 22,692


23 Sep 2016

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

GOLD 5-Oct 31066.67 31199.33 31289.67 31422.33 31512.67

SILVER 5-Dec 46859.33 47213.67 47424.33 47778.67 47989.33

CRUDEOIL 19-Oct 3042.33 3071.67 3091.33 3120.67 3140.33

NATURAL GAS 27-Sep 195.20 197.90 202.20 204.90 209.20

COPPER 30-Nov 321.92 324.33 325.82 328.23 329.72

NICKEL 30-Sep 685.23 695.17 700.93 710.87 716.63

LEAD 30-Sep 128.37 128.83 129.67 130.13 130.97

ZINC 30-Sep 150.78 151.47 152.38 153.07 153.98

ALUMINIUM 30-Sep 104.90 106.60 107.50 109.20 110.10

INTRADAY SUPPORT AND RESISTANCE


23 Sep 2016

SPECIAL NEWS

Bank of England policymaker Kristin Forbes said the lat-est economic data suggested Britain's economy would grow faster than the central bank had forecast last month, with momentum potentially carrying through into 2017.Last week the central bank said the economy was likely to have slowed less than it forecast just after June's European Union referendum, and on Thursday Forbes said there were signs the BoE might need to revise up its longer-term forecasts in November."There is more mo-mentum in the economy in the second half of this year. We'll be starting next year on a stronger footing so there will be some automatic translation," she said in a question and answer session after speaking at Imperial College, London.

Japanese Finance Minister Taro Aso said on Friday that the government must tackle structural reform and carry out its plans to spur the economy, following the Bank of Japan's decision to reboot its monetary policy frame-work.The BOJ on Wednesday shifted to targeting interest rates on Japanese government bonds as the focus of its massive monetary easing program, dropping its explicit target of increasing base money.Aso said the government should not rely solely on the central bank to boost the economy and defeat deflation. The BOJ's new framework won't have an immediate impact on government bond markets, he added.

COMMODITY BUZZ

Crude prices fell in Asia on Friday, retracing recent gains

built on a surprise stockpile drop and looking ahead to U.S. with rig count data slated.Crude oil for November delivery on the New York Mercantile Exchange fell 1.08% to $45.82 a barrel. on the ICE Futures Exchange in London, Brent oil for November delivery dipped 0.84% to $47.25 a barrel-Last week, oilfield services provider Baker Hughes said the number of rigs drilling for oil in the U.S. rose by 2 to 416, marking the 11th increase in 12 weeks.Overnight, oil prices extended sharp overnight gains during North Ameri-can hours on Thursday, as a broadly weaker U.S. dollar and easing concerns over a slowdown inU.S. crude demand boosted sentiment.

Crude oil prices were mostly steady in Asia on Friday, cap-ping for now recent gains made as The Fed held steady and the Bank of Japan took a new tack on easing this week.Gold for December delivery on the Comex division of the New York Mercantile Exchange showed small gains and losses on Friday, last trading at $1,340.95 a troy ounce, up 0.02%.Overnight, gold prices extended overnight gains during North America's session on Thursday, touching a fresh two-week peak as the U.S. dollar sold off after the Federal Reserve held off on raising interest rates and scaled back the number of rate hikes it expects next year.

COMMODITY BUZZ AND ECONOMIC EVENTS


23 Sep 2016

COMMODITY NEWS

COMMODITY HEADLINES

Lead futures gain on upsurge in demand

Aluminium futures up as demand rises

Copper futures up 0.81% on rising demand

White metal in reverse gear

Crude oil futures up on another drop in US crude inventories

Yellow metal rises on Fed decision


23 Sep 2016

EPIC RESEARCH– ANALYST SPEAKS

GOLD

BUY GOLD ABOVE 31400 TGT 31500 31700 SL 31300

SELL GOLD BELOW 31200 TGT 31100 30900 SL31300


23 Sep 2016

EPIC RESEARCH– ANALYST SPEAKS

SILVER

BUY SILVER ABOVE 47700 TGT 47900 48500 SL 47500

SELL SILVER BELOW 47400 TGT 47200 46600 SL 47600


23 Sep 2016

FRIDAY, 23 SEPTEMBER 2016

Time Cur. Event Forecast Previous

10:30 SGD CPI (YoY) (Aug) -0.4% -0.7%

13:30 EUR Manufacturing PMI (Sep) 51.5 51.7

13:30 EUR Markit Composite PMI (Sep) 52.8 52.9

13:30 EUR Services PMI (Sep) 52.8 52.8

19:15 USD Manufacturing PMI (Sep) 51.9 52.0

21:30 USD FOMC Member Harker Speaks

21:30 USD FOMC Member Lockhart Speaks

21:30 USD FOMC Member Mester Speaks

22:30 USD U.S. Baker Hughes Oil Rig Count 416

TODAY’S ECONOMIC EVENTS


23 Sep 2016

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epic research daily commodity report of 23 sep 2016

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