daily commodity report_05_feb_2014 by epic research

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5th FEBRUARY 2014

DAILY COMMODITY REPORT

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5th FEBRUARY 2014

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 STORAGE

ALUMINIUM -7750

COPPER -600

LEAD -500

NICKEL -126

ZINC -4675

LME WAREHOUSE STOCKS (04-FEB- 2014)


5th FEBRUARY 2014

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE 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 CONTRACT

COMEX 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


5th FEBRUARY 2014

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


5th FEBRUARY 2014

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


5th FEBRUARY 2014

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


5th FEBRUARY 2014

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 showed

limited 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 PMI

for 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


5th FEBRUARY 2014

EPIC RESEARCH– ANALYST 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 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


5th FEBRUARY 2014


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


5th FEBRUARY 2014


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


5th FEBRUARY 2014


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 mid

range. 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


5th FEBRUARY 2014

TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS

WEDNESDAY, 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

TODAY’S ECONOMIC EVENTS


5th FEBRUARY 2014

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daily commodity report_05_feb_2014 by epic research

Economy & Finance

prices of crude oil

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daily commodity report

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