DAILY COMMODITY REPORT 02 Nov 2016
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DAILY MARKET WRAPUP 02 Nov 2016
COMMODITY
CONTRACT
OPEN PRICE
HIGH
LOW
CLOSE PRICE
OPEN INTEREST
GOLD
5-Dec
30000
30314
30000
30285
6969
SILVER
5-Dec
42494
43740
42494
43573
13773
CRUDEOIL
18-Nov
3140
3167
3096
3105
17681
NATURAL GAS
25-Nov
203.50
203.50
192.20
196.60
7146
COPPER
28-Feb
332.00
335.00
331.10
334.65
1119
NICKEL
30-Nov
700.20
705.50
696.00
697.20
12330
LEAD
30-Nov
138.30
138.85
136.75
138.00
4407
ZINC
30-Nov
165.65
165.65
162.90
164.65
16291
ALUMINIUM
30-noV
115.65
116.15
114.70
115.55
6650
LME WAREHOUSE STOCKS (01-Nov- 2016)
YOUR MINTVISORY
METAL
TONNES IN STORAGE ( MT )
ALUMINIUM
-2201
COPPER
-5524
LEAD
-452
NICKEL
+1850
ZINC
-624 Call us at +91-731-6642300
INTERNATIONAL MARKETS 02 Nov 2016
PRECIOUS AND INDUSTRY METALS COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
COMEX Gold
USD/TZ
1,277.90
+4.80
+0.38%
Dec 2016
Gold Spot
USD/t oz.
1,277.35
+0.14
+0.01%
N/A
COMEX Silver
USD/t oz.
17.91
+0.11
+0.64%
Dec 2016
COMEX Copper
USD/lb.
220.90
+0.40
+0.18%
Dec 2016
Platinum Spot
USD/t oz.
982.05
+0.16
+0.02%
N/A
ENERGY COMMODITY FUTURES
COMMODITY
UNITS
PRICE
CHANGE
% CHANGE
CONTRACT
Crude Oil (WTI)
USD/bbl.
46.94
+0.08
+0.17%
Oct 2016
Crude Oil (Brent)
USD/bbl.
48.85
+0.24
+0.49%
Nov 2016
RBOB Gasoline
USD/gal.
156.93
+14.98
+10.55%
Oct 2016
NYMEX Natural Gas
USD/MMBTU
2.98
-0.04
-1.39%
Oct 2016
NYMEX Heating Oil
USDGAL.
149.55
-4.67
-3.03%
Oct 2016
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MOST ACTIVE CONTRACTS 02 Nov 2016
Symbol
Expiry Date
LTP
Value (In Lacs)
Volume (In Lots)
CRUDE OIL
18-11-2016
3205.00
11,24,28,195.00
35,079
NATURAL GAS
25-11-2016
208.20
63,35,317.80
30,429
ZINCMINI
30-11-2016
162.75
18,45,096.75
11,337
ZINC
30-11-2016
162.75
15,10,320.00
9,280
SILVERMICRO
30-11-2016
42472.00
24,78,66,592.00
5,836
NICKEL
30-11-2016
705.50
39,13,408.50
5,547
COPPER
30-11-2016
325.30
17,83,945.20
5,484
NICKELMINI
30-11-2016
705.40
31,20,689.60
4,424
COPPERMINI
30-11-2016
325.20
14,32,180.80
4,404
LEADMINI
30-11-2016
139.15
5,72,323.95
4,113
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INTRADAY SUPPORT AND RESISTANCE 02 Nov 2016
COMMODITY
EXPIRY
SUP.2
SUP.1
PIVOT
RES.1
RES.2
GOLD
5-Oct
29885.67
30085.33
30199.67
30399.33
30513.67
SILVER
5-Dec
42023.00
42798.00
43269.00
44044.00
44515.00
CRUDEOIL
18-Nov
3051.67
3078.33
3122.67
3149.33
3193.67
NATURAL GAS
27-Sep
186.13
191.37
197.43
202.67
208.73
COPPER
30-Nov
329.68
332.17
333.58
336.07
337.48
NICKEL
30-Sep
690.07
693.63
699.57
703.13
709.07
LEAD
30-Sep
135.77
136.88
137.87
138.98
139.97
ZINC
30-Sep
161.65
163.15
164.40
165.90
167.15
ALUMINIUM
30-Sep
114.02
114.78
115.47
116.23
116.92
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COMMODITY BUZZ AND ECONOMIC EVENTS 02 Nov 2016
SPECIAL NEWS
COMMODITY BUZZ
After a year of disappointment, European businesses are hoping a victory for Hillary Clinton in the U.S. election next week may help break the logjam that has prevented large-scale Western investments in Iran since the opening of its economy.While no one in Europe is predicting a flurry of new deals should Clinton defeat her Republican rival Donald Trump on Nov. 8, a win for the Democrat would remove some of the political clouds hanging over last year's nuclear deal between Iran and world powers.Business groups say this could help fuel a more aggressive push into the Iranian market in 2017, especially in the second half of the year, if a Clinton victory is followed by the re-election of moderate Iranian President Hassan Rouhani next May.
Crude oil prices held weaker in Asia on Wednesday as industry data showed a larger than expected build in U.S. stockpiles, adding more bearish sentiment on the supply outlook.Crude oil for December delivery on the New York Mercantile Exchange dropped 0.75% to $46.32 a barrel. Brent oil for January delivery on the ICE Futures Exchange in London eased 0.60% to $47.85 a barrel.The American Petroleum Institute said on Tuesday that crude oil inventories last week surged 9.3 million barrels for the second straight weekly build under its estimates and well above market expectations.Gasoline inventories dropped 3.6 million barrels last week, while distillate fell 3.1 million barrels, a fourth straight drop. Cushing recorded a build of 1.0 million barrels for the week.
Questions about the independence of the Bank of England are unlikely to be silenced by Mark Carney's announcement that he will stay at the British central bank for an extra year until June 2019.With the government aiming to start tough negotiations early next year about its exit from the European Union, the BoE is widely expected to protect the economy by keeping its near-zero interest rates and its massive bondbuying program.Carney, and possibly whoever succeeds him in 2019, are likely to face continued criticism that these policies penalize savers - one of the "bad side-effects" cited by Prime Minister Theresa May in a rare intervention on monetary policy last month.
Gold drifted higher in Asia on Wednesday ahead of a Fed policy review expected to hold pat, but also add insight into chances for a widely expected rate hike in December.Gold for December delivery on the Comex division of the New York Mercantile Exchange rose 0.17% to $1,290.25 a troy ounce.Also on the Comex, silver futures for December delivery fell0.14% to $18.392 a troy ounce. Copper futures rose 0.04% to 2.233 a pound.The U.S. central bank is not expected to raise interest rates, but could signal its intent to hike in December amid signs the economy is picking up steam. Traders are currently pricing in a less than 10% chance of a rate hike this week, according to Investing.com'sFed Rate Monitor Tool. For December, odds stood at 77.4%.
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COMMODITY NEWS 02 Nov 2016
COMMODITY HEADLINES
Crude oil down on rise in US crude supplies
Silver rises on firm global cues
Copper futures up on spot demand
Gold rises on US election likely outcome
Lead futures zoom 1.06% on increase in demand
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EPIC RESEARCH– ANALYST SPEAKS 02 Nov 2016
GOLD
BUY GOLD ABOVE 30250 TGT 30350 30650 SL 30150 SELL GOLD BELOW 29500 TGT 29400 29200 SL 29600
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EPIC RESEARCH– ANALYST SPEAKS 02 Nov 2016
SILVER
BUY SILVER ABOVE 43700 TGT 43900 44500 SL 43500 SELL SILVER BELOW 43000 TGT 42800 42200 SL 43200
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TODAY’S ECONOMIC EVENTS 02 Nov 2016
WEDNESDAY, 02 NOVEMBER 2016
Time
Cur.
Event
Forecast
Previous
03:15
NZD
Employment Change (QoQ) (Q3)
0.6%
2.4%
03:15
NZD
Unemployment Rate (Q3)
5.1%
5.1%
06:00
AUD
Building Approvals (MoM) (Sep)
-3.0%
-1.8%
07:30
NZD
Inflation Expectations (QoQ)
12:30
GBP
Nationwide HPI (MoM) (Oct)
0.2%
0.3%
12:30
GBP
Nationwide HPI (YoY) (Oct)
5.0%
5.3%
14:30
EUR
Manufacturing PMI (Oct)
53.3
53.3
15:00
GBP
Construction PMI (Oct)
51.8
52.3
17:45
USD
ADP Nonfarm Employment Change (Oct)
165K
154K
20:00
USD
Crude Oil Inventories
-0.553M
20:00
USD
Cushing Crude Oil Inventories
-1.337M
23:30
USD
FOMC Statement
23:30
USD
Fed Interest Rate Decision
YOUR MINTVISORY
1.7%
0.50%
0.50%
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