DAILY COMMODITY REPORT 19th NOVEMBER.

2013

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DAILY COMMODITY REPORT 19th NOVEMBER. 2013

COMMODITY WRAPUP

COPPER
Overall trend of the Copper is bearish for medium-long term .Currently Copper is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend. Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Copper is inSELL position

GOLD
The Gold is in long- medium- short-mediumshort- term bull phase. Currently Gold is in strong uptrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend. Cautious point is buying at higer levels seems decreasing. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal

CRUDE OIL
Overall trend of the Crudeoil is bearish for medium-long term. Currently Crudeoil is moving sideways The oscillator is showing BUY signal and has moved down its previous low. The oscillator is showing BUY signal For short term Crudeoil is in HOLD SHORT position.

SILVER
Overall trend of the Silver is bearish for medium-long term. Currently Silver is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend. Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Silver is in SELL position.

SPECIAL NEWS

COMMODITY BUZZ
Nickel that is used specifically for the purposes of making steel is experiencing recovery in the value. The jump in the metal has been witnessed after the news of Indonesian ore export ban hit the market. Indonesian government had earlier decided to ban exports of ores including bauxite from 2014. These ores are used to make Nickel US net long-term TIC flows jumped to $25.5B in June, above the forecast of rising to $21.3B and following a reading of $-9.8B in August, the US Department of Treasury reported on Monday. Total net TIC flows plunged to $-106.8B from $13.8B

*The US will pass Russia as the worlds # 1 Crude

Oil producer by T 2015, and be close to energy self-sufficiency in the next two decades, amid booming output from shale formations. The role of the Organization of Petroleum Exporting Countries (OPEC) will recover in the middle of the next decade as other nations struggle to repeat North Americas success with exploiting shale deposits. Rising shale output in the US is helping the worlds largest Oil consumer achieve its highest level of energy independence in 20 yrs, cushioning it against disruptions in Africa and the Middle East. Output declines at a rate of 6% a year at conventional Oil fields once they reach peak production.

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DAILY COMMODITY REPORT 19th NOVEMBER. 2013

COMMODITY LEVELS
DAILY LEVELS WITH TREND

ITEM GOLD SILVER CRUDE NATURAL GAS COPPER NICKEL LEAD ZINC ALUMINIUM

Contract 05 DEC 2013 05 DEC 2013 19 NOV 2013 25 NOV 2013 29 NOV 2013 29 NOV 2013 29 NOV 2013 29 NOV 2013 29 NOV 2013

Open 30296 46541 5893 229.80 439.50 866.60 130.80 117.55 110.60

High 30350 46680 5893 232.2 440.65 868.30 130.85 117.55 117.55

Low 30015 45265 5767 227.7 432.85 842.2 128.25 115.45 115.45

Close 30044 45350 5773 228.90 433.1 842.2 128.30 115.45 115.45

% Chg. -0.91 -2.98 -2.19 -0.17 -1.77 -2.65 -1.83 -1.70 -1.58

OI (in lots) 7266 10523 8212 7898 17086 9220 2931 2386 2445

TREND Bullish Bearish Bearish Bullish Sideways Bearish Bearish Bearish Sideways

SUPPORT & RESISTANCE

COMMODITIES
GOLD SILVER CRUDE NATURAL GAS COPPER NICKEL LEAD ZINC ALLUMINIUM
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CONTRACT
05DEC2013 05DEC2013 19 NOV 2013 25 NOV 2013 29 NOV 2013 29 NOV 2013 29 NOV 2013 29 NOV 2013 29 NOV 2013

S2
29801.33 44350.00 5685.00 225.10 427.73 824.80 126.53 114.05 107.35

S1
29922.67 44850.00 5729.00 227.00 430.42 833.50 127.42 114.75 108.05

PIVOT
30136.33 45765.00 5811.00 229.60 435.53 850.90 129.13 116.15 109.30

R1
30257.67 46265.00 5855.00 231.50 438.22 859.60 130.02 116.85 110.00

R2
30471.33 47180.00 5937.00 234.10 443.33 877.00 131.73 118.25 111.25

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DAILY COMMODITY REPORT 19th NOVEMBER. 2013

RECOMMENDATION
GOLD
The four hourly chart of GOLD suggests that if Gold gives breakout at 30200, we expect price to move up to the level of 30380. And the chart of Gold here also suggests that the prices have breached the crucial support of 29950 level, below this level we expect prices to come down to the level of 29880.

BUY GOLD MCX ABOVE 30200 TGTS 30280/30380 SL 30100 SELL GOLD MCX BELOW 29950 TGTS 29880/29780 SL 30050

SILVER
The four hourly chart of Silver suggests that if silver gives breakout at 46700, we expect price to move up to the level of 47300. And the chart of silver here also suggests that the prices have breached the crucial support of 45100 level, below this level we expect prices to come down to the level of 44600.

BUY SILVER MCX ABOVE 46700 TGTS 46950/47300 SL 46400 SELL SILVER MCX BELOW 45100 TGTS 44850/44600 SL 45400

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DAILY COMMODITY REPORT 19th NOVEMBER. 2013

COMMODITY SPECIAL
LME INVENTORY (in tonnes)

METALS Aluminium Copper Nickel Lead Zinc Tin

18-Nov-13
5335050 448950 244614 236125 996550 11480

Change
35400 -2700 -204 -550 -1650 -75

15-Nov-13
5299650 451650 244818 236675 998200 11555

MOST ACTIVE CONTRACTS BY (VOLUME) Symbol SILVERMICRO CRUDE OIL SILVER M NATURAL GAS COPPER COPPERMINI GOLD M GOLD PETAL SILVER GOLD Expiry Date
30-11-2013 19-11-2013 30-11-2013 25-11-2013 29-11-2013 29-11-2013 05-12-2013 30-11-2013 05-12-2013 05-12-2013

LTP
45395.00 5775.00 45381.00 229.40 433.70 433.85 30600.00 3085.00 45361.00 30042.00

Value (In Lacs) Volume (In Lots)

2,84,09,09,890.00 32,90,59,500.00 1,50,32,45,625.00 74,82,798.60 1,28,13,666.50 90,10,196.80 56,26,11,600.00 5,38,57,930.00 79,18,66,977.00 41,30,17,416.00 62,582 56,980 33,125 32,619 29,545 20,768 18,386 17,458 17,457 13,748

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DAILY COMMODITY REPORT 19th NOVEMBER. 2013

ECONOMIC CALENDER

TIME (ET)

REPORT

PERIOD ACTUAL MONDAY, NOV. 18

CONSENSUSFORECAST

PREVIOUS

10 am

Home builders' index

Nov. TUESDAY, NOV. 19

56

55

8:30 am

Employment cost index

3Q WEDNESDAY, NOV. 20

0.5%

0.5%

8:30 am 8:30 am 8:30 am 8:30 am 10 am 10 am 2 pm

Retail sales Retail sales ex-autos Consumer price index Core CPI Business inventories Existing home sales FOMC minutes

Oct. Oct. Oct. Oct. Sept. Oct.

0.1% 0.2% 0.0% 0.2% 0.3% 5.23 mln

-0.1% 0.4% 0.2% 0.1% 0.3% 5.29 mln

THURSDAY, NOV. 21 8:30 am 8:30 am 8:30 am 8:58 am 10 am 10 am Weekly jobless claims Producer price index Core PPI Markit flash PMI Philly Fed Leading indicators 11/16 Oct. Oct. Nov. Nov. Oct. FRIDAY, NOV. 22 10 am Job openings Sept. 3.9 mln
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N/A -0.2% 0.1 -15.0 --

N/A -0.1% 0.1% 51.8 19.8

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DAILY COMMODITY REPORT 19th NOVEMBER. 2013

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