Daily Commodity Report 17-01-2014 by Epic Research

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DAILY COMMODITY REPORT

17th JANUARY 2014

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DAILY MARKET WRAPUP


17th JANUARY 2014
COMMODITY GOLD SILVER CRUDE NATURAL GAS COPPER NICKEL LEAD ZINC ALUMINIUM CONTRACT OPEN PRICE HIGH LOW CLOSE PRICE %CHANGE OI (in lots)

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

29049.00 44801.00 5803.00 270.00 459.95 896.90 135.70 128.65 108.05

29141.00 44931.00 5827.00 276.70 460.75 903.80 136.50 129.30 109.30

28953.00 44402.00 5757.00 267.80 454.85 887.00 133.20 127.15 107.80

29019.00 44785.00 5823.00 270.50 459.85 893.20 135.75 128.60 107.80

0.12 -0.38 -0.64 1.40 -0.95 0.58 -1.68 -0.86 0.46

8406 10,801 10,518 16,175 12,568 6,912 3,161 2,744 2,497

LME WAREHOUSE STOCKS (16 JAN- 2014)


METAL TONNES IN STORAGE

ALUMINIUM COPPER LEAD NICKEL ZINC


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38800 575 -500 -500 -4250


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INTERNATIONAL MARKETS
17th JANUARY 2014

PRECIOUS AND INDUSTRY METALS COMMODITY


COMEX GOLD GOLD SPOT COMEX SILVER COMEX COPPER PLATINUM SPOT

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

ENERGY COMMODITY FUTURES COMMODITY


CRUDE OIL (WTI) CRUDE OIL (BRENT) RBOB GASOLINE NYMEX NATURAL GAS NYMEX HEATING OIL

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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INTRADAY SUPPORT AND RESISTANCE


17th JANUARY 2014

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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MOST ACTIVE CONTRACTS


17th JANUARY 2014

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

Value (In Lacs)


2,44,71,948.80 2,77,99,92,360.00 29,09,08,508.00 1,49,39,44,620.00 39,16,754.40 1,20,41,598.00 96,27,156.00 1,69,70,776.00 23,71,447.35 78,84,09,336.00

Volume (In Lots)


89,216 62,280 50,278 33,474 29,328 26,436 21,140 18,890 17,757 17,671

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COMMODITY BUZZ AND ECONOMIC EVENTS


17th JANUARY 2014

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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EPIC RESEARCH ANALYST SPEAKS


17th JANUARY 2014

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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EPIC RESEARCH ANALYST SPEAKS


17th JANUARY 2014

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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EPIC RESEARCH ANALYST SPEAKS


17th JANUARY 2014

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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EPIC RESEARCH ANALYST SPEAKS


17th JANUARY 2014

DHANIYA

RESISTANCE 1

8175.30

RESISTANCE 2 PIVOT SUPPORT 1

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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TODAYS ECONOMIC EVENTS


17th JANUARY 2014

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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17th JANUARY 2014

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