multigain commodities services pvt ltd daily... · mcx gold gold and silver fell heading for its...

28551 28551 28331 28359 -0.72 986044829 44879 44127 44203 -2.11 10664

1197.43 1199.84 1195.40 1197.82 0.0519.60 19.69 19.42 19.48 -0.57

56.4325

6248 6258 6152 6158 -1.65 9525274.3 277.9 273.6 274.5 0.40 1457099.25 99.39 99.24 99.29 0.004.435 4.448 4.426 4.439 0.27

468.05 469.85 466.25 466.55 -0.35 13515889 892.8 871.5 876 -1.13 3537

130.5 131.25 129.45 129.7 -0.73 2015141.35 142.35 138.75 139 -1.87 3099111.3 112.85 111.05 111.35 0.18 14427355 7393 7355 7385 0.15

14125 14125 14036 14036 -0.372083 2087 2065 2072 -0.652247 2252 2228 2228 -1.041823 1825 1811 1813 -0.49

80.04 80.06 79.96 80.05 0.011.3795 1.3812 1.3789 1.3793 -0.011.6490 1.6499 1.6473 1.6474 -0.1062.34 62.52 62.21 62.26 -0.12 21546485.90 85.97 85.60 85.69 -0.50 11174

102.78 103.04 102.42 102.52 -0.32 14479JPYINR 59.38 59.41 59.01 59.27 -0.45 3763

USDINREURINRGBPINR

Date : Tuesday, December 31, 2013

LME LeadLME Aluminium Base Metals

Base metals ended with losses dropped on profit booking after prices gained onexpectations that economic recovery in China will help boost demand forindustrial metals next year. China's economic growth is likely to come in at 7.6percent this year, according to a cabinet report just above the government'starget of 7.5 percent and slightly below last year's 7.7 percent.

ForexDollar IndexEURUSDGBPUSD

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Spot Nat.Gas $Energy

Base Metals

Crude still outlook remain firm for crude oil futures as data showed that U.S.total fuel demand hit a 26-month high in October while a key Libyan oil exportport remained shut.

MCX CopperMCX NickelMCX ZincMCX LeadMCX AluminiumLME CopperLME NickelLME Zinc

MCX Gold

Gold and silver fell heading for its biggest annual loss in more than threedecades at nearly 30%, as a willingness to take on more risk and the prospectof global recovery tarnished bullion's shine. US equities soared to six-yearhighs as optimism over the global economy spurred a switch into riskier assetsahead of 2014.

MCX SilverSpot Gold $Spot Silver $

EnergyMCX CrudeMCX Natural GasSpot Crude $

% Cng OI Trend Market ReviewBullion Bullion

Multigain Commodities Services Pvt Ltd

Daily Commodity Market Buzz as on

Tuesday, December 31, 2013

Item Open High Low Close

Open High Low Close % Cng28551 28551 28331 28359 -0.72

SELL GOLD FEB @ 28480 SL 28560 TGT 28370-28260.MCX

Market SynopsisGold settled down -0.72% at 28359 tracking Comex Gold future which fell over 1% to settled under $1,200 an ounce on Monday, heading for its biggest annual loss in morethan three decades at nearly 30%, as a willingness to take on more risk and the prospect of a global recovery tarnished bullion's shine. US equities soared to six-year highsas optimism over the global economy spurred a switch into riskier assets ahead of 2014. Gold's performance in 2013 has put an end to 12 straight years of growth, withprices hit by the U.S. central bank's decision to rein in its monetary stimulus, which will raise the opportunity cost of holding the non-yielding asset. Expectations that theU.S. economy will improve and the rest of the world's growth will stabilise in 2014, have further undermined the case for holding bullion, as investors look to put theirmoney in riskier assets like equities. In wider markets, the dollar fell 0.4% versus a basket of currencies as the 10-year U.S. notes yield steadied below an earlier two-yearhigh. Heavy outflows from gold-ETF also reflected investors' diminishing interest. Holdings on SPDR Gold Trust fell three tonnes on Friday to their lowest since Jan. 2009 at801.2 tonnes. Hedge funds and money managers cut their bullish bets in gold and silver in the week to Dec. 24, data from the CFTC showed on Monday. Trading volumeswere thin as many investors already closed books before the end of the year, reducing liquidity in the market and increasing volatility, which helped exaggerate marketmoves. Technically market is getting support at 28277 and below same could see a test of 28194 levels, And resistance is now likely to be seen at 28497, a move abovecould see prices testing 28634.

Date : Tuesday, December 31, 2013 www.multigain.in Page No : 2

Market Synopsis

Gold trading range for the day is 28194-28634.

Gold settled down tracking Comex Gold which settled under $1,200 as a willingness to take on more risk and the prospect of a global recovery

Expectations that the U.S. economy will improve and the rest of the world's growth will stabilise in 2014, have further undermined the case for holding bullion

Holdings on SPDR Gold Trust fell three tonnes on Friday to their lowest since Jan. 2009 at 801.2 tonnes.

Hedge funds and money managers cut their bullish bets in gold and silver in the week to Dec. 24, data from the CFTC showed on Monday.

28717Support 1 Support 2 Support 3

2841428277 28194 28057

OI Vol9860 10311

Resistance 1 Resistance 2 Resistance 3P. Point

28497 28634


MCX Gold Feb 2014 Chart


SELL SILVER MAR @ 44600 SL 44950 TGT 44440-44100.MCX

Market SynopsisSilver settled down -2.11% at 44203 after investors shrugged off soft U.S. housing figures and sold on concerns years of support from the Federal Reserve via monetarystimulus tools will be winding down in 2014. Trading volumes remained limited as many investors already closed books before the end of the year, reducing liquidity in themarket. Market players looked ahead to U.S. data on pending home sales later in the day, to gauge if the U.S. economy will be strong enough to allow the Fed to continuewithdrawing support through 2014. The U.S. central bank said earlier in the month that it will start reducing its bond-buying stimulus program by USD10 billion a month inJanuary, amid indications of an improving U.S. economy. Some market participants believe the Fed will likely reduce its bond purchases by USD10 billion in each of its nextseven meetings before ending the program in December 2014. Some market participants believe the Fed will likely reduce its bond purchases by USD10 billion in each of itsnext seven meetings before ending the program in December 2014, amid indications of an improving U.S. economy. Comex Gold is down approximately 28% this year, ontrack for its first yearly loss in 13 years and the worst since 1981, as solid U.S. economic data underlined expectations the Fed will begin curbing stimulus. Meanwhile,Comex silver prices lost nearly 34% this year. Technically market is under fresh selling as market has witnessed gain in open interest by 14.77% to settled at 10664 whileprices down -951 rupee, now Silver is getting support at 43927 and below same could see a test of 43651 level, And resistance is now likely to be seen at 44679, a moveabove could see prices testing 45155.


Market Synopsis

Silver trading range for the day is 43651-45155.

Silver down after investors shrugged off soft U.S. housing figures and sold on concerns years of support from the Federal Reserve

Some market participants believe the Fed will likely reduce its bond purchases by USD10 billion in each of its next seven meetings

Holdings at ishares silver trust dropped by 50.90 tonnes to 9958.64 tonnes from 10009.54 tonnes.

Volumes remained light with year-end positioning and profit-taking driving flows.

Support 1 Support 2 Support 344403

43927 43651 43175

10664 21281


44679 45155 45431


MCX Silver Mar 2014 ChartOI Vol


SELL CRUDE OIL JAN @ 6190 SL 6230 TGT 6156-6118.MCX

Market Synopsis

Crude oil settled down -1.65% at 6158 after disappointing U.S. home sales figures sparked concerns that the U.S. economy continues to battle potholes on its road to recovery and may demandless fuel and energy than once anticipated. Still outlook remain firm for crude oil futures as data showed that U.S. total fuel demand hit a 26-month high in October while a key Libyan oil exportport remained shut. The National Association of Realtors reported earlier that its pending home sales index increased by a seasonally adjusted 0.2% in November, far shy of market expectationsfor a 1.0% gain. Pending home sales for October were revised to a 1.2% decline from a previously reported drop of 0.6%. The news sent prices falling amid fears that the U.S. housing sector,which drove the country into the worst recession since the Great Depression and has dragged on its recovery ever since, continues to face headwinds today. Also U.S. demand for crude oil andrefined petroleum products reached 19.3 million barrels per day in October, the highest level since August 2011, data from the Energy Information Administration showed. U.S. crude is set for anannual gain of 8% in 2013, after falling about 7 per cent in 2012. Trading volumes were thin as many investors already closed books before the end of the year, reducing liquidity in the marketand increasing volatility, which helped exaggerate market moves. Technically market is under long liquidation as market has witnessed drop in open interest by -7.05% to settled at 9525 whileprices down -103 rupee, now Crude oil is getting support at 6120 and below same could see a test of 6083 level, And resistance is now likely to be seen at 6226, a move above could see pricestesting 6295.


Market Synopsis

Crudeoil trading range for the day is 6083-6295.

Crude oil settled down after disappointing U.S. home sales figures sparked concerns that the U.S. economy continues to battle potholes on its road to recovery

Support seen as data showed that U.S. total fuel demand hit a 26-month high in October while a key Libyan oil export port remained shut.

Energy Information Administration showed. U.S. crude is set for an annual gain of 8% in 2013, after falling about 7 per cent in 2012. OPEC oil ministers who claimed that there would not be any surpluses on the crude oil markets next year.

Support 1 Support 2 Support 36189

6120 6083 6014

9525 48689


6226 6295 6332


MCX Crudeoil Jan 2014 ChartOI Vol

Open High Low Close % Cng468.1 469.9 466.3 466.6 -0.35

BUY COPPER FEB @ 464 SL 461 TGT 467.50-470.50.MCX

Market SynopsisCopper settled down -0.35% at 466.55 were little changed near last week’s four-month high in subdued trade on Monday, as market players looked ahead to U.S. pendinghome sales data later in the day to gauge the strength of the world’s largest economy. Volumes were expected to remain light on Monday, with year-end positioning andprofit-taking driving flows. Copper prices have been well-supported in recent weeks amid indications the U.S. economic recovery is deepening. The U.S. is second behindChina in global copper demand. Prices of the industrial metal are on track to post a gain of nearly 5% in December, but are still approximately 8% lower in the year to date.On Monday, trading volumes for LME base metals declined as investors left the market during the Christmas and New Year period. The US economic data were modest, butworse-than-expected home sales for November left the US equities mixed. The Dow, however, hit a new high for the 51st time this year. The ECB Chief Mario Draghi saidfurther interest rate cuts were not needed. Trading activities remained thin on Monday and are expected to be lighter on Tuesday since global markets are gradually closedfor the New Year. The Dallas Fed manufacturing production index slipped to 7.1, and pending home sales only ticked up 0.2% in November, breaking a five-month negativestreak but falling short of forecasts. The negative news weighed stock prices and base metals on. Technically market is under long liquidation as market has witnessed dropin open interest by -1.16% to settled at 13515 while prices down -1.65 rupee, now Copper is getting support at 465.4 and below same could see a test of 464 level, Andresistance is now likely to be seen at 469, a move above could see prices testing 471.2.


Market Synopsis

Copper trading range for the day is 464-471.2.

Copper little changed as market players looked ahead to U.S. pending home sales data later in the day to gauge the strength of the world’s largest economy.

Copper prices have been well-supported in recent weeks amid indications the U.S. economic recovery is deepening.

Copper production in the January-to-November period increased 6.5 percent to roughly 5.3 million tonnes, the INE added.

Warehouse stock for Copper at LME was at 367450mt that is down by -3500mt.

Support 1 Support 2 Support 3467.6

465.4 464.0 461.8

13515 15873


469.0 471.2 472.6


MCX Copper Feb 2014 ChartOI Vol


BUY NICKEL DEC @ 870 SL 860 TGT 878-890.MCX

Market Synopsis

Nickel settled down -1.13% at 876 plunged although there was no major bearish news, except for the weaker-than-expected US November pending home sales. Nickelcame off a seven-week high reached due to escalating worries over looming export ban in Indonesia, the world’s top producer. Indonesia is set to impose the export ban onJanuary 12 in an attempt to increase value of the exports by encouraging local processing. Indonesia accounts for about 20% of global nickel supply and the upcoming banmay create near-term supply problems at a time when global manufacturing activity is gaining momentum. Indonesia's mining industry plans to ask the nation's SupremeCourt on Tuesday to settle questions over the implementation of a mining law that threatens to halt all unprocessed mineral exports starting next month. From Jan. 12,mining companies must process their ore before shipping it overseas, a measure initially passed in 2009 to boost the value of exports from Indonesia, the world's topexporter of nickel ore, thermal coal and refined tin. Uncertainty over the requirements of the law has drawn protests from small mining companies and international majors,including U.S. giants Freeport-McMoRan Copper & Gold and Newmont Mining Corp , which refine only about a third of their copper output domestically in Indonesia.Technically market is under fresh selling as market has witnessed gain in open interest by 96.39% to settled at 3537 while prices down -10 rupee, now Nickel is gettingsupport at 867.4 and below same could see a test of 858.8 level, And resistance is now likely to be seen at 888.7, a move above could see prices testing 901.4.


Market Synopsis

Nickel trading range for the day is 858.8-901.4.

Nickel dropped from the high, reached due to escalating worries over looming export ban in Indonesia, the world’s top producer

Indonesia is set to impose the export ban on January 12 in an attempt to increase value of the exports.Indonesia supply about 20% of global nickel and upcoming ban may create near-term supply problems.

Warehouse stock for Nickel at LME was at 261300mt that is up by 2790mt.


867.4 858.8 846.1

3537 6225


888.7 901.4 910.0


MCX Nickel Jan 2014 ChartOI Vol


BUY ZINC DEC @ 128.50 SL 126.50 TGT 130.20-132.MCX

Market Synopsis

Zinc settled down -0.73% at 129.70 dropped on profit booking giving up it's earlier gains on solid China’s imports and falling LME inventories. China imports of refined zinc surged 126% year-on-year in October to attain the highest level since 2009. Meanwhile, LME supplies dropped more than 26% this year. Volumes were expected to remain light on Monday, with year-end positioningand profit-taking driving flows. US completed home sales in November rose less than expected, but the US dollar index extended declines, which lent some support to LME zinc prices, finallyclosing at USD 2,085.5/mt, down USD 5.8/mt or 0.27%. The National Association of Realtors reported earlier that its pending home sales index increased by a seasonally adjusted 0.2% inNovember, far shy of market expectations for a 1.0% gain. Pending home sales for October were revised to a 1.2% decline from a previously reported drop of 0.6%. The disappointing data sentthe greenback falling, wiping out gains locked in when the Federal Reserve announced it would trim USD10 billion from its USD85 billion in monthly bond-buying purchases beginning in January.The Fed has said it may taper the program even more should data show that economic recovery is gaining steam while adding soft patches could prompt the US central bank to hike up monthlybond purchases to ensure price and labor-market stability. Technically market is under fresh selling as market has witnessed gain in open interest by 19.16% to settled at 2015 while prices down-0.95 rupee, now Zinc is getting support at 129 and below same could see a test of 128.3 level, And resistance is now likely to be seen at 130.8, a move above could see prices testing 131.9.


Market Synopsis

Zinc trading range for the day is 128.3-131.9.

Zinc settled down dropped on profit booking giving up it's earlier gains on solid China’s imports and falling LME inventories.

Zinc demand is expected to rise by 6% from the last year with the demand coming from China, US and Europe.

Zinc daily stocks at Shanghai exchange came down by 74 tonnes

Warehouse stock for Zinc at LME was at 888600mt that is down by -5825mt.


129.0 128.3 127.2

2015 1750


130.8 131.9 132.6


MCX Zinc Jan 2014 ChartOI Vol

Open High Low Close % Cng111.3 112.9 111.1 111.4 0.18

BUY ALUMINIUM DEC @ 110.80 SL 109.80 TGT 111.60-112.60.MCX

Market Synopsis

Aluminium settled up at 111.35 rallied as signs of a strengthening US economic recovery prompted traders to buy industrial metals. Manufacturing in the U.S. continued to expand thismonth, a separate survey showed before data on Jan. 2. The nation ranked second globally after China among consumers of aluminum in 2012, according to researcher CRU. LMEAluminium prices to gradually rise next year to as high as $2,300 a tonne in the fourth quarter, on the back of strong demand in Asia and active financial deals. LME aluminium priceshave lost almost 14% this year to trade close to $1,800 a tonne on Friday and Marubeni forecast they will be between $1,950-2,300 in the fourth quarter next year, moving up froman expected $1,750-1,950 range in the first quarter. Aiming to appease critics of its global storage network, the LME in November slashed maximum wait times for metal, boosted itspowers to act against market abuse and said it would review its agreement with warehouse owners. But use of material for collateral in financing deals are persistent, squeezingavailability of the metal and lifting premiums - or costs to get metal out of storage - in the United States and Europe. Japan's aluminium premiums for January-March shipments weremostly set at $255 per tonne, matching a record high hit in 2012, on strong demand and high overseas rates. technically market is under fresh buying as market has witnessed gain inopen interest by 56.57% to settled at 1442 while prices up 0.2 rupee, now Aluminium is getting support at 110.8 and below same could see a test of 110 level, And resistance is nowlikely to be seen at 112.6, a move above could see prices testing 113.6.


Market Synopsis

Aluminium trading range for the day is 110-113.6.

Aluminum touched an eight-week high on LME as signs of a strengthening U.S. economic recovery prompted some traders to buy industrial metals.

Global unwrought aluminium stocks totalled 1.133 million tonnes in November, up from a revised 1.098 million tonnes in October

Aluminium daily stocks at Shanghai exchange came down by 25 tonnes

Warehouse stock for Aluminium at LME was at 5464700mt that is down by -3250mt.


110.8 110.0 109.0

1442 2376


112.6 113.6 114.4


MCX Aluminium Jan 2014 ChartOI Vol

Time Zone Fore. Prev. SpreadAll Day EUR 0.000 0.0007:30pm USD 0.134 0.1338:15pm USD 61.300 63.0008:30pm USD 76.500 70.400

0 0 0.000 0.0000 0 0.000 0.0000 0 0.000 0.0000 0 0.000 0.0000 0 0.000 0.0000 0 0.000 0.0000 0 0.000 0.0000 0 0.000 0.0000 0 0.000 0.0000 0 0.000 0.0000 0 0.000 0.000

NET CHANGE-35002790

-5825-3250

MCX Nickel Jan 2014 Feb 2014 8.4

Spread between Nickel JAN & FEB contractsyesterday ended at Rs.8.4, we have seenyesterday Nickel future had traded in a negativezone and settled -1.13% down.


ALUMINIUM

MCX Copper Feb 2014 Apr 2014 5.15

Spread between Copper FEB & APR contractsyesterday ended at Rs.5.15, we have seenyesterday Copper future had traded in a negativezone and settled -0.35% down.

LEAD

Spread between Crude oil JAN & FEB contractsyesterday ended at Rs.49, we have seenyesterday Crude oil future had traded in anegative zone and settled -1.65% down.

LME Daily StockCOMMODITYCOPPERNICKELZINC

00

MCX Crude Jan 2014 Feb 2014 49

977

Spread between Silver MAR & MAY contractsyesterday ended at Rs.977, we have seenyesterday Silver future had traded in a negativezone and settled -2.11% down.

00000

00

MCX Silver Mar 2014 May 2014

German Bank Holiday

MCX Gold Feb 2014 Apr 2014 -656

Spread between Gold FEB & APR contractsyesterday ended at Rs.-656, we have seenyesterday Gold future had traded in a negativezone and settled -0.72% down.

S&P/CS Composite-20 HPI y/yChicago PMICB Consumer Confidence0


Economical Data Daily Spread OppurtunityData Commodity Months Remark

0

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