daily commodity report_11_feb_2014 by epic research

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11th FEBRUARY

DAILY COMMODITY REPORT

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11th FEBRUARY

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

GOLD 05 APR 2014 28850.00 29009.00 28825.00 28825.00 1.01 10256

SILVER 05 MAR 2014 44544.00 45018.00 44487.00 44413.00 0.55 12150

CRUDE 19 FEB 2014 6180.00 6272.00 6180.00 6075.00 3.00 14727

NATURAL

GAS 25 FEB 2014 299.80 299.80 285.50 309.00 -7.31 11794

COPPER 28 FEB 2014 445.95 447.85 443.75 444.25 0.06 11427

NICKEL 28 FEB 2014 881.20 894.70 881.20 869.20 1.78 4885

LEAD 28 FEB 2014 131.60 1333.30 130.80 131.65 -0.46 3392

ZINC 28 FEB 2014 126.30 127.25 125.55 124.85 0.76 2699

ALUMINIUM 28 FEB 2014 105.20 105.85 104.20 105.10 -0.62 4766

DAILY MARKET WRAPUP

METAL TONNES IN STORAGE

ALUMINIUM -7950

COPPER -1625

LEAD -500

NICKEL -1002

ZINC -5450

LME WAREHOUSE STOCKS (10-FEB- 2014)


11th FEBRUARY

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL (WTI) USD/BBL. 100.03 +0.15 +0.15% MAR 14

CRUDE OIL (BRENT) USD/BBL. 108.53 -0.10 -0.09% MAR 14

RBOB GASOLINE USD/GAL. 272.44 -2.45 -0.89% MAR 14

NYMEX NATURAL GAS USD/MMBTU 4.60 +0.02 +0.52% MAR 14

NYMEX HEATING OIL USD/GAL. 299.41 -5.62 -1.84% MAR 14

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1,280.80 +6.10 +0.48% APR 14

GOLD SPOT USD/T OZ. 1,281.00 +6.22 +0.49% N/A

COMEX SILVER USD/T OZ. 20.16 +0.22 +1.12% MAR 14

COMEX COPPER USD/LB. 321.85 -0.60 -0.19% MAR 14

PLATINUM SPOT USD/T OZ. 1,391.13 +4.75 +0.34% N/A

INTERNATIONAL MARKETS

ENERGY COMMODITY FUTURES

PRECIOUS AND INDUSTRY METALS


11th FEBRUARY

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

ALUMINIUM 28-Feb 103.17 103.78 104.82 105.43 106.47

COPPER 28-Feb 441.27 442.88 445.37 446.98 449.47

CRUDEOIL 19-Feb 6141 6195 6233 6287 6325

GOLD 5-Apr 28739 28837 28923 29021 29107

LEAD 28-Feb 129.00 129.90 131.60 132.50 134.20

NATURALGAS 25-Feb 276.40 282.00 290.90 296.50 305.40

NICKEL 28-Feb 873.0 878.3 886.5 891.8 900.0

SILVER 5-Mar 44194 44432 44725 44963 45256

ZINC 28-Feb 124.37 124.98 126.12 126.73 127.87

INTRADAY SUPPORT AND RESISTANCE


11th FEBRUARY

MOST ACTIVE CONTRACTS

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

NATURAL GAS 25-02-2014 286.40 2,62,13,046.40 91,526

SILVERMICRO 28-02-2014 44693.00 3,29,93,26,646.00 73,822

CRUDE OIL 19-02-2014 6257.00 36,67,79,083.00 58,619

SILVER M 28-02-2014 44684.00 1,59,72,29,580.00 35,745

LEADMINI 28-02-2014 131.05 25,78,932.95 19,679

SILVER 05-03-2014 44659.00 80,30,58,138.00 17,982

NICKELMINI 28-02-2014 883.70 1,50,53,829.50 17,035

NICKEL 28-02-2014 884.00 1,49,23,688.00 16,882

COPPER 28-02-2014 444.50 68,93,750.50 15,509

COPPERMINI 28-02-2014 444.65 58,10,686.20 13,068


11th FEBRUARY

TODAY,S COMMODITY NEWS

COMMODITY HEADLINES

Gold up 0.5% and Silver up 0.8% on global cues

Gold imports hit a 6-month high in Jan

Reconsider export duty on iron ore pellets: Commerce ministry to FinMin

Are iron-ore miners more sinned against than sinning?

Nickel up 0.3% on spot demand

Farmers to dump onions if prices fall further

Shrimp exports rise 90% to Rs 14,364 cr

Indian coffee prices trade higher at auction

Oil prices mixed ahead of US jobs release

Oil prices rise in Asian trade

Oil prices extend gains in Asian trade

Mentha oil up 0.39% on pick-up in demand

Commodity futures regulator to allow trading by bourse shareholders

Natural stone exports set to drop 15% in FY14


11th FEBRUARY

SPECIAL NEWS

German manufacturing turnover fell a seasonally-and-

working-day adjusted 1.5 percent from November, when

it grew 2.4 percent. In October, turnover fell 0.2 percent.

Turnover in Germany's manufacturing sector shrunk in

December, after robust growth in the previous month,

data released by the Federal Statistical Office showed on

Monday Domestic turnover decreased 1.4 percent, com-

pletely erasing the similar size gain in November. Turn-

over in the business with foreign customers also fell 1.4

percent, after a 3.3 percent gain in the previous month.

As per the latest release from the Switzerland State Secre-

tariat for Economic Affairs, Switzerland jobless rate

stayed pat at 3.2% during the month of January, broadly

in line with market expectations. the data released by the

Sentix GmbH, A little surprisingly, the sentix economic

index (composite index) for the euro area continues its

upward trend in February, rising by 1.4 to 13.3 points.

COMMODITY BUZZ

Gold futures traded broadly higher in the Asia elec-

tronic trades yesterday propelled by the weak nonfarm

payrolls data released last week, which created a per-

ception that the Federal Reserve may not rush to taper

stimulus program. Meanwhile, hefty surge in the China

gold consumption is also boosting the yellow metal.

China's gold consumption jumped 41% in 2013 to ex-

ceed 1,000 tonnes for the first time, an industry body

said on Monday. Gold consumption in China grew to

1,176.40 tonnes last year, with jewellery demand climb-

ing 43% to 716.50 tonnes and bullion demand soaring

57% to 375.73 tonnes, the China Gold Association said

on its website.

Copper dropped in intraday trades after a tepid opening

for the European stocks. German manufacturing turn-

over fell a seasonally-and-working-day adjusted 1.5%

from November, when it grew 2.4%.

COMMODITY BUZZ AND ECONOMIC EVENTS


11th FEBRUARY

EPIC RESEARCH– ANALYST SPEAKS

SILVER

SILVER MCX Short term trend is UP, Immediate support @ 44600Immediate Resistance @ 45250 SILVER MCX Closed @

44413.00 Yesterday Intraday Range of SILVER MCX was 531. Open ,Volumes were 12220 lots. For today Keep a close eye

on US data, volatility may Rule the overall Market due to USDINR Movements.

BUY SILVER ABOVE 45050 TGTS 45250/45550 SL 44700

SELL SILVER BELOW 44550 TGTS 44350/44050 SL 44900


11th FEBRUARY


GOLD

GOLD MCX Short term trend is UP, Immediate support @ 28800Immediate Resistance @ 29050GOLD MCX Closed

@ 28825. Yesterday Intraday Range of GOLD MCX was 184 Volumes were 10310 lots. For today Keep a close eye on

US data, volatility may Rule the overall Market due to USDINR Movements.

BUY GOLD(APR) ABOVE 29020 TGTS 29100/29200 SL 28880

SELL GOLD(APR) BELOW 28800 TGTS 28720/28620 SL 28920


11th FEBRUARY


CASTORSEED

Castorseed Mar looking sideways to bearish in daily chart. Momentum indicators also support bearishness,

recommending sell on high. In Intraday basis nearest support @ 4205 & nearest resistance @ 4240.

BUY CASTORSEED MAR ABOVE 4240 TGTS 4270,4320 SL 4190

SELL CASTORSEED MAR BELOW 4205 TGTS 4175,4125 SL 4255

RESISTANCE 1 4259.7

RESISTANCE 2 4292.3

PIVOT 4204.3

SUPPORT 1 4171.7

SUPPORT 2 4116.3


11th FEBRUARY


DHANIYA

Daily chart of Dhaniya Apr shows bullishness and it will continue its rally from nearest support level to upper side.

Fundamentally also Dhaniya is in bullish trend. Recommending buy on dips, momentum indicator RSI is 63.65,

Immediate support @ 9225 and immediate resistance @ 9310.

BUY DHANIYA APR ABOVE 9310 TGTS 9340,9390 SL 9260

SELL DHANIYA APR BELOW 9225 TGTS 9195.9145 SL 9275

RESISTANCE 1 9350.7

RESISTANCE 2 9427.3

PIVOT 9261.3

SUPPORT 1 9184.7

SUPPORT 2 9095.3


11th FEBRUARY

MONDAY, FEBRUARY 11

TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS

ALL DAY JAPAN - NATIONAL FOUNDING DAY

TENTATIVE CNY CHINESE M2 MONEY STOCK (YOY) 13.3% 13.6%

TENTATIVE CNY CHINESE NEW LOANS 1,100B 483B

04:30 ZAR SOUTH AFRICAN UNEMPLOYMENT RATE 24.70%

07:30 USD NFIB SMALL BUSINESS OPTIMISM 93.6 93.9

07:45 USD CHAIN STORE SALES (YOY) 0.0%

07:45 USD CHAIN STORE SALES (WOW) 0.3%

08:55 USD REDBOOK (YOY) 2.7%

08:55 USD REDBOOK (MOM) -0.2%

09:00 MXN MEXICAN INDUSTRIAL PRODUCTION (YOY) 0.8% -1.4%

10:00 USD FED CHAIR YELLEN TESTIFIES

10:00 USD JOLTS JOB OPENINGS 4.04M 4.00M

10:00 USD WHOLESALE INVENTORIES (MOM) 0.5% 0.5%

16:30 USD API WEEKLY CRUDE STOCK 0.38M

16:30 USD API WEEKLY DISTILLATES STOCKS -1.500M

16:30 USD API WEEKLY GASOLINE STOCK -1.200M

16:45 NZD ELECTRONIC CARD RETAIL SALES (MOM) 0.6% 0.6%

TODAY’S ECONOMIC EVENTS


11th FEBRUARY

MONDAY, FEBRUARY 11

TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS

16:45 NZD ELECTRONIC CARD RETAIL SALES (MOM) 0.6% 0.6%

16:45 NZD ELECTRONIC CARD RETAIL SALES (YOY) 5.5%

18:00 KRW SOUTH KOREAN UNEMPLOYMENT RATE 3.0% 3.0%

18:30 AUD WESTPAC CONSUMER SENTIMENT -1.70%

18:50 JPY CORE MACHINERY ORDERS (MOM) -4.1% 9.3%

18:50 JPY CORE MACHINERY ORDERS (YOY) 17.6% 16.6%

18:50 JPY M2 MONEY STOCK (YOY) 4.2% 4.2%

18:50 JPY TERTIARY INDUSTRY ACTIVITY INDEX (MOM) -0.2% 0.6%

20:10 USD FOMC MEMBER FISHER SPEAKS

21:00 CNY CHINESE EXPORTS (YOY) 1.0% 4.3%

21:00 CNY CHINESE IMPORTS (YOY) 4.0% 8.3%

21:00 CNY CHINESE TRADE BALANCE 24.10B 25.60B

22:00 KRW SOUTH KOREAN M2 MONEY SUPPLY 7.40%

TODAY’S ECONOMIC EVENTS


11th FEBRUARY

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daily commodity report_11_feb_2014 by epic research

Economy & Finance