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Daily Commodity Report 17-01-2014 by Epic Research
Daily Commodity Report 17-01-2014 by Epic Research
Daily Commodity Report 17-01-2014 by Epic Research
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05 FEB 2014 05 MAR 2014 20 JAN 2014 28 JAN 2014 28 FEB 2014 31 JAN 2014 31 JAN 2014 31 JAN 2014 31 JAN 2014
INTERNATIONAL MARKETS
17th JANUARY 2014
UNITS
USD/T OZ. USD/T OZ. USD/T OZ. USD/LB. USD/T OZ.
PRICE
1,243.10 1,243.46 20.14 333.85 1,437.06
CHANGE
+2.90 +1.07 +0.09 -0.40 +4.18
% CHANGE
+0.23% +0.09% +0.43% -0.12% +0.29%
CONTRACT
FEB 14 N/A MAR 14 MAR 14 N/A
UNITS
USD/BBL. USD/BBL. USD/GAL. USD/MMBTU USD/GAL.
PRICE
94.04 105.54 259.22 4.37 298.87
CHANGE
+0.08 -0.21 -3.42 -0.01 +0.42
% CHANGE
+0.09% -0.20% -1.30% -0.23% +0.14%
CONTRACT
FEB 14 MAR 14 FEB 14 FEB 14 FEB 14
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COMMODITY
EXPIRY
SUP.3
SUP.2
SUP.1
PIVOT
RES.1
ALUMINIUM
31-JAN
105.10
106.45
107.40
108.75
109.70
COPPER
28-FEB
449.52
454.68
457.47
462.63
465.42
CRUDEOIL
20-JAN
5639
5731
5780
5872
5921
GOLD
5-FEB
28777
28898
28986
29107
29195
LEAD
31-JAN
130.65
133.20
134.70
137.25
138.75
NATURALGAS
28-JAN
265.23
267.87
270.43
273.07
275.63
NICKEL
31-JAN
863.5
878.3
888.2
903.0
912.9
SILVER
5-MAR
44088
44436
44663
45011
45238
ZINC
31-JAN
125.20
126.90
127.90
129.60
130.60
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Symbol
NATURAL GAS SILVERMICRO CRUDE OIL SILVER M LEADMINI COPPER COPPERMINI NICKEL LEAD SILVER
Expiry Date
28-01-2014 28-02-2014 20-01-2014 28-02-2014 31-01-2014 28-02-2014 28-02-2014 31-01-2014 31-01-2014 05-03-2014
LTP
274.30 44637.00 5786.00 44630.00 133.55 455.50 455.40 898.40 133.55 44616.00
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SPECIAL NEWS :
COMMODITY BUZZ :
Profit booking was creeping into non ferrous metals on MCX and is spoiling any prospects of rally in the prices. The metal tried and move past Rs 461 per kg, which is the short term resistance zone but failed as bears gripped the metal. LME Copper was mildly higher while premiums on spot remained between $ 25-30 range. LME three month prices were quoting at $ 7316 per tonne. The prices have been in a backwardation mode from almost a month now. Cardamom futures ended the Thursday's session with nominal losses on long liquidations trigged by strong availability. The MCX cardamom for February delivery ended the session at Rs 703.30, down Rs 1.80 or 0.26%. ounce on the day. The harvesting of the new crop had just started in Guatemala. Crop size is similar to last year. The prices of the greens had been reduced somewhat, as it is now peak harvesting season of the green cardamoms.
The Consumer Price Index for All Urban Consumers (CPI -U) increased 0.3 percent in December on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.5 percent before seasonal adjustment. Advances in energy and shelter indexes were major factors in the increase in the seasonally adjusted all items index. The gasoline index rose 3.1 percent, and the fuel oil and electricity indexes also increased, resulting in a 2.1 percent increase in the energy index. The shelter index rose 0.2 percent in December. The indexes for apparel, tobacco Euro zone inflation has stayed below the European Central Bank's target of 'below, but close to 2 percent' for the eleventh consecutive month. Inflation eased to 0.8 percent as initially estimated in December, according to final data from Eurostat, released Thursday. The rate was down from 0.9 percent in November. Monthly inflation was 0.3 percent in December. Excluding energy, food, alcohol and tobacco, core inflation eased to 0.7 percent from 0.9 percent in November.
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SILVER MCX:
MCX SILVER march contract was closed at Rs 4478 DOWN Rs 16, or-0.38 percent. The SILVER rate have touched an intraday high of Rs 44931 and an intraday low of Rs 44402. So far 17660 contracts have been traded. Silver opened at morning with gap UP and made day high. In day session silver trade in range-bound and made night high 44931.After evening Have seen more buying in silver and it will helpful to break the nearest resistance 44800 further silver will touch level 45200 next trading session.
BUY SILVER ABOVE 44950 TGTS 45150/45450 SL 44600 SELL SILVER BELOW 44600 TGTS 44400/44100 SL 44950
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GOLD MCX:
MCX GOLD February contract was closed at Rs 28019 UP Rs 30 , or 0.12 percent. The GOLD rate touched an intraday high of Rs 29141 and an intraday low of Rs 28953. So far 11640 contracts have been traded. Gold Price is taking support at 28840 trade in range bound all day. In evening session gold price have cracked the nearest resistance 29040 and made high of 29141
BUY GOLD ABOVE 29190 TGTS 29270/29370 SL 29070 SELL GOLD BELOW 29000 TGTS 28920/28820 SL 29120
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CASTORSEED
RESISTANCE 1
4587.30
RESISTANCE 2
4541.70
PIVOT SUPPORT 1
4415.70
4361.30
SUPPORT 2
4289.70
CASTORSEED is in sideways these days in daily chart. MACD & RSI shows down trend but when price trend will break its consolidation trend then only it will clear the trend. Immediate support @ 4370 and immediate resistance @ 4445. 4300 is also a strong support level and if it sustain below it, may signing of continue the down trend.
BUY CASTORSEED FEB ABOVE 4445 TGTS 4475 / 4505 SL 4395 SELL CASTORSEED FEB BELOW 4370 TGTS 4340 / 4290 SL 4420
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DHANIYA
RESISTANCE 1
8175.30
8277.70
8012.70
7910.30
SUPPORT 2
7747.70
DHANIYA Feb. taken support of 7870 and get bounce up from yesterday. but seems look weak, immediate support @ 8070 and immediate resistance @ 8250.fresh short position can be initiated below 7750 level. daily chart RSI is below 50, also support bearish trend in Dhaniya.
BUY DHANIYA FEB ABOVE 8250 TGTS 8280 / 8330 SL 8200 SELL DHANIYA FEB BELOW 8070 TGTS 8040 / 7990 SL 8120
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TIME
COUNTRY
EVENT
FRIDAY 17 JANUARY 2014
ACTUAL FORECAST
PREVIOUS
03:15 13:45 15:00 15:00 15:00 15:00 19:00 19:00 19:00 19:00 19:45 20:25
YOUR MINTVISORY
BRL CHF GBP GBP GBP GBP USD USD USD USD USD USD
BRAZILIAN INTEREST RATE DECISION SWISS PPI (MOM) CORE RETAIL SALES (MOM) CORE RETAIL SALES (YOY) RETAIL SALES (MOM) RETAIL SALES (YOY) BUILDING PERMITS BUILDING PERMITS (MOM) HOUSING STARTS HOUSING STARTS (MOM) INDUSTRIAL PRODUCTION (MOM) MICHIGAN CONSUMER SENTIMENT
10.25% 0.1% 0.3% 3.2% 0.4% 2.6% 1.015M 0.3% 0.990M -8.3% 0.3% 83.5
10.00% -0.1% 0.4% 2.3% 0.3% 2.0% 1.017M -2.1% 1.091M 22.7% 1.1% 82.5
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