daily commodity report_30_jan_2014 by epic research

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30th JANUARY 2014

DAILY COMMODITY REPORT

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30th JANUARY 2014

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

GOLD 05 FEB 2014 29450.00 29840.00 29346.00 29521 0.69 6609

SILVER 05 MAR 2014 44100.00 45074.00 43844.00 44169.00 0.65 10407

CRUDE 19 FEB 2014 6120.00 6149.00 6058.00 6133.00 -0.07 11862

NATURAL GAS 28 JAN 2014 308.20 320.80 303.50 309.10 3.69 17693

COPPER 28 FEB 2014 452.15 454.20 449.45 453.00 -0.12 10332

NICKEL 31 JAN 2014 884.50 888.60 876.10 886.10 -0.82 4166

LEAD 31 JAN 2014 133.80 135.10 132.85 134.35 0.11 2501

ZINC 31 JAN 2014 124.55 125.45 123.80 125.05 -0.24 1410

ALUMINIUM 31 JAN 2014 107.20 107.75 106.60 107.70 -0.56 1769

DAILY MARKET WRAPUP

METAL TONNES IN STORAGE

ALUMINIUM 1050

COPPER -3775

LEAD 300

NICKEL 144

ZINC -4600

LME WAREHOUSE STOCKS (29– JAN- 2014)


30th JANUARY 2014

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

CRUDE OIL (WTI) USD/BBL. 97.53 +0.17 +0.17% MAR 14

CRUDE OIL (BRENT) USD/BBL. 107.89 +0.04 +0.04% MAR 14

RBOB GASOLINE USD/GAL. 265.96 -0.13 -0.05% FEB 14

NYMEX NATURAL GAS USD/MMBTU 5.39 -0.07 -1.34% MAR 14

NYMEX HEATING OIL USD/GAL. 319.00 +0.84 +0.26% FEB 14

COMMODITY UNITS PRICE CHANGE % CHANGE CONTRACT

COMEX GOLD USD/T OZ. 1,261.90 -0.30 -0.02% APR 14

GOLD SPOT USD/T OZ. 1,262.23 -5.11 -0.40% N/A

COMEX SILVER USD/T OZ. 19.55 -0.01 -0.04% MAR 14

COMEX COPPER USD/LB. 323.35 -0.70 -0.22% MAR 14

PLATINUM SPOT USD/T OZ. 1,406.88 -6.18 -0.44% N/A

INTERNATIONAL MARKETS

ENERGY COMMODITY FUTURES

PRECIOUS AND INDUSTRY METALS


30th JANUARY 2014

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

ALUMINIUM 31-Jan 105.43 106.02 106.58 107.17 107.73

COPPER 28-Feb 445.38 447.42 450.13 452.17 454.88

CRUDEOIL 19-Feb 5985 6021 6076 6112 6167

GOLD 5-Feb 28949 29147 29443 29641 29937

LEAD 31-Jan 131.12 131.98 133.37 134.23 135.62

NATURALGAS 25-Feb 290.03 296.77 308.93 315.67 327.83

NICKEL 31-Jan 858.8 867.1 871.9 880.2 885.0

SILVER 5-Mar 42578 43211 43808 44441 45038

ZINC 31-Jan 122.37 123.08 124.02 124.73 125.67

CARDAMOM 15-Feb 711.8 721.2 739.2 748.6 766.6

INTRADAY SUPPORT AND RESISTANCE


30th JANUARY 2014

MOST ACTIVE CONTRACTS

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

SILVERMICRO 28-02-2014 44492.00 5,76,48,28,440.00 1,29,570

NATURAL GAS 25-02-2014 320.50 3,31,15,983.00 1,03,326

CRUDE OIL 19-02-2014 6129.00 42,16,93,587.00 68,803

SILVER M 28-02-2014 44492.00 2,48,55,90,072.00 55,866

SILVER 05-03-2014 44456.00 1,42,28,14,280.00 32,005

COPPER 28-02-2014 452.45 1,11,07,195.05 24,549

LEADMINI 31-01-2014 134.60 28,34,137.60 21,056

COPPERMINI 28-02-2014 452.45 87,57,622.20 19,356

GOLD M 05-02-2014 29826.00 50,72,80,608.00 17,008

GOLD 05-02-2014 29725.00 49,26,62,150.00 16,574


30th JANUARY 2014

TODAY,S COMMODITY NEWS

COMMODITY HEADLINES

Silver down 0.6% on global cues, weak spot demand and Gold down 0.7%

Jewellery sales shoot up on panic buying with old notes

Zinc down 0.9% on global cues

Nickel down 0.6% on spot demand, global cues

Soybean down 1.7% on global cues

Chana down 0.8% on subdued spot demand

Coriander up 1.1% on spot demand

Oil rebounds in Asia on bargain hunting

Oil prices supported by dip in US distillate supplies

Oil prices hit by profit-taking in Asian trade

Mentha oil up 0.2% on spot demand


30th JANUARY 2014

SPECIAL NEWS

MCX Gold edged up yesterday following a recovery in

global prices. The South African miners strike contin-

ues and bargain hunting emerged in the yellow metal

after losses in last session. COMEX Gold eased from its

tow month highs as profit selling tricked in following

the improving US consumer confidence and rising eq-

uities. The overall sentiments in global markets were

steady today and the US dollar gained to a one week

high of 1.3640 against the Euro ahead of the Fed deci-

sion later on yesterday .The Reserve Bank of Australia

has cut interest rates eight times since late 2011 to a

record low of 2.50% to cushion the economy against

the downturn.

Japan retail sales rose 2.6 percent on year in Decem-

ber, the Ministry of Economy, Trade and Industry said

on Thursday, following the upwardly revised 4.1 per-

cent gain in the previous month (originally 4.0 per-

cent). Sales from large retailers added just 0.1 percent

on year after gaining 0.6 percent in November.

COMMODITY BUZZ

The Federal Reserve Wednesday took another gradual

step toward exiting its controversial bond-buying pro-

gram, remaining stoic in the face of market turmoil.. As

expected, the central bank went ahead with a second $10

billion reduction in its monthly bond buys, to $65 billion.

The decision came at the end of a two-day meeting that

will mark the end of the Ben Bernanke era. Bernanke is

stepping aside as Chairman after eight years, replaced by

current Vice Chair Janet Yellen.

The HSBC China Manufacturing Purchasing Managers'

Index fell to a final reading of 49.5 in January from 50.5 in

December, HSBC Holdings PLC said on Thursday. A read-

ing below 50 in the gauge of nationwide manufacturing

indicates a contraction from the previous month and

above indicates expansion. New export orders declined for

the second straight month and production grew margin-

ally, The final reading was slightly lower than HSBC's

preliminary January PMI of 49.6 published on Jan. 23.

The preliminary figure is based on 85% to 90% of re-

sponses to its PMI survey

COMMODITY BUZZ AND ECONOMIC EVENTS


30th JANUARY 2014

EPIC RESEARCH– ANALYST SPEAKS

SILVER

SILVER MCX Short term trend is up, Immediate support @ 45300 Immediate Resistance @ 44300 yesterday SILVER MCX

Closed @ 44405.Yesterday Intraday Range of SILVER MCX was 1230. Open Interest was down 17.37, Volumes were 33437

lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements.

BUY SILVER ABOVE 44750 TGTS 44950/45250 SL 44350

SELL SILVER BELOW 44100 TGTS 43900/43600SL 44450


30th JANUARY 2014


GOLD MCX:

GOLD MCX Short term trend is up, Immediate support @ 29350 Immediate Resistance @ 29900 GOLD MCX Closed

@ 29521 Yesterday Intraday Range of GOLD MCX was +494 Open Interest was down 4.24, Volumes were 17340lots.

For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements.

BUY GOLD ABOVE 29880 TGTS 29960/30060 SL 29760

SELL GOLD BELOW 29600 TGTS 29520/29420 SL 29720


30th JANUARY 2014


CASTORSEED

Castorseed Feb. looking sideways to bearish in daily chart. Momentum indicators also support bearishness. Profit

booking is continue in downside, but expecting price will go down. In intraday basis immediate support @ 4080 &

immediate resistance @ 4150.

BUY CASTORSEED FEB ABOVE 4150 TGTS 4180,4230 SL 4100

SELL CASTORSEED FEB BELOW 4080 TGTS 4050,4000 SL 4130

RESISTANCE 1 4181.70

RESISTANCE 2 4256.30

PIVOT 4122.3

SUPPORT 1 4047.7

SUPPORT 2 3988.3


30th JANUARY 2014


DHANIYA

On Technical chart Dhaniya Feb. is in bullish trend where Dhaniya Feb. future has strong resistance at 8670. on in-

traday basis immediate support @ 8390 and immediate resistance @8495.Momentum indicators RSI and MACD is

above their mid range also support bullish trend in Dhaniya. Expecting that rising in price will continue in upcom-

ing trading session.

BUY DHANIYA FEB ABOVE 8495 TGTS 8525,8575 SL 8445

SELL DHANIYA FEB BELOW 8390 TGTS 8360,8310 SL 8440

RESISTANCE 1 8379.7

RESISTANCE 2 8439.3

PIVOT 8307.3

SUPPORT 1 8247.7

SUPPORT 2 8175.3


30th JANUARY 2014

TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUS

THURSDAY, JANUARY 30

ALL DAY SOUTH KOREA - LUNAR NEW YEAR

00:30 USD FOMC STATEMENT

00:30 USD INTEREST RATE DECISION 0.25% 0.25%

01:30 NZD INTEREST RATE DECISION 2.50% 2.50%

01:30 NZD RBNZ RATE STATEMENT

03:15 NZD BUILDING CONSENTS (MOM) -5.0% 11.1%

05:20 JPY RETAIL SALES (YOY) 3.8% 4.0%

05:30 AUD HIA NEW HOME SALES (MOM) 7.5%

07:15 CNY CHINESE HSBC MANUFACTURING PMI 49.6 49.6

13:30 EUR SPANISH GDP (QOQ) 0.3% 0.1%

13:30 CHF KOF LEADING INDICATORS 2.00 1.95

14:25 EUR GERMAN UNEMPLOYMENT CHANGE -5K -15K

14:25 EUR GERMAN UNEMPLOYMENT RATE 6.9% 6.9%

19:00 USD GDP (QOQ) 3.2% 4.1%

19:00 USD GDP PRICE INDEX (QOQ) 1.3% 2.0%

19:00 USD INITIAL JOBLESS CLAIMS 330K 326K

19:00 USD REAL CONSUMER SPENDING 2.0%

20:30 USD PENDING HOME SALES (MOM) 0.3% 0.2%

TODAY’S ECONOMIC EVENTS


30th JANUARY 2014

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