Professional Documents
Culture Documents
Daily Commodity Report 11 Feb 2014 by Epic Research
Daily Commodity Report 11 Feb 2014 by Epic Research
11th FEBRUARY
Our Presence
Epic Research India
411 Milinda Manor (Suites 409- 417) 2 RNT Marg. Opp Cental Mall Phone.: +61 422 063855 Indore (M.P.) Hotline: +91 731 664 2300 Alternate: +91 731 664 2320 Or give us a missed call at 026 5309 0639
YOUR MINTVISORY
Call us at +91-731-6642300
GOLD SILVER CRUDE NATURAL GAS COPPER NICKEL LEAD ZINC ALUMINIUM
05 APR 2014 05 MAR 2014 19 FEB 2014 25 FEB 2014 28 FEB 2014 28 FEB 2014 28 FEB 2014 28 FEB 2014 28 FEB 2014
LME WAREHOUSE STOCKS (10-FEB- 2014) METAL ALUMINIUM COPPER LEAD NICKEL ZINC
YOUR MINTVISORY
INTERNATIONAL MARKETS
11th FEBRUARY
UNITS
USD/T OZ. USD/T OZ. USD/T OZ. USD/LB. USD/T OZ.
PRICE
1,280.80 1,281.00 20.16 321.85 1,391.13
CHANGE
+6.10 +6.22 +0.22 -0.60 +4.75
% CHANGE
+0.48% +0.49% +1.12% -0.19% +0.34%
CONTRACT
APR 14 N/A MAR 14 MAR 14 N/A
UNITS
USD/BBL. USD/BBL. USD/GAL. USD/MMBTU USD/GAL.
PRICE
100.03 108.53 272.44 4.60 299.41
CHANGE
+0.15 -0.10 -2.45 +0.02 -5.62
% CHANGE
+0.15% -0.09% -0.89% +0.52% -1.84%
CONTRACT
MAR 14 MAR 14 MAR 14 MAR 14 MAR 14
YOUR MINTVISORY
Call us at +91-731-6642300
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
YOUR MINTVISORY
28-Feb
124.37
124.98
126.12
126.73
127.87
Call us at +91-731-6642300
Symbol
NATURAL GAS SILVERMICRO CRUDE OIL SILVER M LEADMINI SILVER NICKELMINI NICKEL COPPER COPPERMINI
Expiry Date
25-02-2014 28-02-2014 19-02-2014 28-02-2014 28-02-2014 05-03-2014 28-02-2014 28-02-2014 28-02-2014 28-02-2014
LTP
286.40 44693.00 6257.00 44684.00 131.05 44659.00 883.70 884.00 444.50 444.65
YOUR MINTVISORY
Call us at +91-731-6642300
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
YOUR MINTVISORY
Call us at +91-731-6642300
SPECIAL NEWS
COMMODITY BUZZ Gold futures traded broadly higher in the Asia electronic trades yesterday propelled by the weak nonfarm payrolls data released last week, which created a perception 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 exceed 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 climbing 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 turnover fell a seasonally-and-working-day adjusted 1.5% from November, when it grew 2.4%.
German manufacturing turnover fell a seasonally-andworking-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, completely erasing the similar size gain in November. Turnover 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 Secretariat 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.
YOUR MINTVISORY
Call us at +91-731-6642300
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
YOUR MINTVISORY
Call us at +91-731-6642300
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
YOUR MINTVISORY
Call us at +91-731-6642300
CASTORSEED
RESISTANCE 1
4259.7
RESISTANCE 2
4292.3
PIVOT
4204.3
SUPPORT 1
4171.7
SUPPORT 2
4116.3
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
YOUR MINTVISORY
Call us at +91-731-6642300
11th FEBRUARY
RESISTANCE 1
9350.7
RESISTANCE 2
9427.3
PIVOT
9261.3
SUPPORT 1
9184.7
SUPPORT 2
9095.3
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
YOUR MINTVISORY
Call us at +91-731-6642300
COUNTRY
ACTUAL
FORECAST
PREVIOUS
CNY CNY ZAR USD USD USD USD USD MXN USD USD USD USD USD USD NZD
CHINESE M2 MONEY STOCK (YOY) CHINESE NEW LOANS SOUTH AFRICAN UNEMPLOYMENT RATE NFIB SMALL BUSINESS OPTIMISM CHAIN STORE SALES (YOY) CHAIN STORE SALES (WOW) REDBOOK (YOY) REDBOOK (MOM) MEXICAN INDUSTRIAL PRODUCTION (YOY) FED CHAIR YELLEN TESTIFIES JOLTS JOB OPENINGS WHOLESALE INVENTORIES (MOM) API WEEKLY CRUDE STOCK API WEEKLY DISTILLATES STOCKS API WEEKLY GASOLINE STOCK ELECTRONIC CARD RETAIL SALES (MOM)
13.3% 1,100B
93.6
0.8%
-1.4%
4.04M 0.5%
0.6%
0.6%
Call us at +91-731-6642300
EVENT ELECTRONIC CARD RETAIL SALES (MOM) ELECTRONIC CARD RETAIL SALES (YOY) SOUTH KOREAN UNEMPLOYMENT RATE WESTPAC CONSUMER SENTIMENT CORE MACHINERY ORDERS (MOM) CORE MACHINERY ORDERS (YOY) M2 MONEY STOCK (YOY) TERTIARY INDUSTRY ACTIVITY INDEX (MOM) FOMC MEMBER FISHER SPEAKS CHINESE EXPORTS (YOY) CHINESE IMPORTS (YOY) CHINESE TRADE BALANCE SOUTH KOREAN M2 MONEY SUPPLY
ACTUAL
FORECAST 0.6%
NZD NZD KRW AUD JPY JPY JPY JPY USD CNY CNY CNY KRW
3.0%
3.0% -1.70%
YOUR MINTVISORY
Call us at +91-731-6642300
DISCLAIMER
11th FEBRUARY
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most.
Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility.
The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Epic research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Epic research shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE.
The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to epic research might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for. Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in equity & bullion market has its own risks.
We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above epic research does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.
YOUR MINTVISORY
Call us at +91-731-6642300