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DAILY COMMODITY REPORT 10th APRIL 2014

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DAILY MARKET WRAPUP 10th APRIL 2014 COMMODITY

CONTRACT

OPEN PRICE

HIGH

LOW

CLOSE PRICE

%CHANGE

OI (in lots)

GOLD

05-JUN-14

28475

28559

28353

28417

-0.23%

9187

SILVER

05-MAY-14

43201

43281

42301

42675

-1.20%

15664

CRUDEOIL

21-APR-14

6157

6242

6143

6235

+1.17%

9593

NATURALGAS

25-APR-14

274

277.1

271.7

276.5

+1.06%

8369

COPPER

30-APR-14

406.4

406.95

401.3

404.2

-0.70%

21768

LEAD

30-APR-14

124.85

126.25

124.7

125.75

+0.76%

2966

NICKEL

30-APR-14

991.2

1009.3

987.4

1008.4

+1.85%

8347

ZINC

30-APR-14

121.9

122.7

121.65

121.75

-0.25%

1787

ALUMINIUM

30-APR-14

108.7

110.9

108.35

110.8

+2.03%

3537

LME WAREHOUSE STOCKS (09-APRIL- 2014)

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METAL

TONNES IN STORAGE

ALUMINIUM

-1475

COPPER

-1825

LEAD

UNCH

NICKEL

-1596

TIN

UNCH

ZINC

-3275 Call us at +91-731-6642300


INTERNATIONAL MARKETS 10th APRIL 2014

PRECIOUS AND INDUSTRY METALS COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

COMEX GOLD

USD/T OZ.

1,315.40

+6.30

+0.48%

JUN 14

GOLD SPOT

USD/T OZ.

1,315.47

+3.67

+0.28%

N/A

COMEX SILVER

USD/T OZ.

19.99

-0.07

-0.33%

MAY 14

COMEX COPPER

USD/LB.

303.45

-1.65

-0.54%

MAY 14

PLATINUM SPOT

USD/T OZ.

1,446.88

+4.13

+0.29%

N/A

ENERGY COMMODITY FUTURES COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

CRUDE OIL (WTI)

USD/BBL.

103.20

-0.40

-0.39%

MAY 14

CRUDE OIL (BRENT)

USD/BBL.

107.49

-0.49

-0.45%

MAY 14

RBOB GASOLINE

USD/GAL.

299.08

+1.07

+0.36%

MAY 14

NYMEX NATURAL GAS

USD/MMBTU

4.57

-0.02

-0.35%

MAY 14

NYMEX HEATING OIL

USD/GAL.

294.43

-0.97

-0.33%

MAY 14

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INTRADAY SUPPORT AND RESISTANCE 10th APRIL 2014

COMMODITY

EXPIRY

SUP.2

SUP.1

PIVOT

RES.1

RES.2

ALUMINIUM

30-APR

107.47

109.13

110.02

111.68

112.57

COPPER

30-APR

398.50

401.35

404.15

407.00

409.80

CRUDEOIL

21-APR

6108

6171

6207

6270

6306

GOLD

5-JUN

28237

28327

28443

28533

28649

LEAD

30-APR

124.02

124.88

125.57

126.43

127.12

NATURALGAS

25-APR

269.70

273.10

275.10

278.50

280.50

NICKEL

30-APR

979.8

994.1

1001.7

1016.0

1023.6

SILVER

5-MAY

41772

42224

42752

43204

43732

ZINC

30-APR

120.98

121.37

122.03

122.42

123.08

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MOST ACTIVE CONTRACTS 10th APRIL 2014

Symbol

Expiry Date

LTP

Value (In Lacs)

Volume (In Lots)

SILVERMICRO

30-04-2014

42697.00

3,15,12,94,782.00

73,806

CRUDE OIL

21-04-2014

6234.00

37,39,15,320.00

59,980

NATURAL GAS

25-04-2014

276.50

1,20,27,750.00

43,500

SILVER M

30-04-2014

42700.00

1,56,84,99,100.00

36,733

COPPER

30-04-2014

403.90

1,28,49,674.60

31,814

COPPERMINI

30-04-2014

403.90

1,06,56,497.60

26,384

NICKEL

30-04-2014

1008.60

2,54,85,304.80

25,268

NICKELMINI

30-04-2014

1008.70

2,01,19,530.20

19,946

SILVER

05-05-2014

42680.00

84,62,59,040.00

19,828

LEADMINI

30-04-2014

125.75

18,40,477.00

14,636

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TODAY,S COMMODITY NEWS 10th APRIL 2014

COMMODITY HEADLINES Iron ore exports from Paradip rises threefold in FY14. Gold imports may hit 10-month high in March. RBI relaxes rough diamond import norms. Steel imports dip 31% in FY14. Aluminium up marginally on firm trend abroad. Lead up 0.2% on spot demand, global cues. Nickel up 0.2% on global cues. Evening trade faces opposition. Record rise in seafood export, 1-mt mark crossed. West Bengal's costly shrimp farming boom. Edible oil processors urge FMC to withdraw time extension in agri commodities. Oil prices mixed on growing Ukraine fears. Oil prices ease in Asian trade. Differences abound over iron ore e-auctions in Karnataka. Philippines in dialogue with India on rubber.

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COMMODITY BUZZ AND ECONOMIC EVENTS 10th APRIL 2014

SPECIAL NEWS

COMMODITY BUZZ

UK's office for National Statistics reported that UK's deficit of

Copper was showing contrary moves in the evening session trades

trade in goods and services for February 2014 was £2.1 bil-

on MCX. The prices of most of the other metals are rising sharply

lion, compared with a deficit of £2.2 billion in the previous

barring Copper that is sulking on account of expected defaults in

month. The deficit on trade in goods was £9.1 billion in Feb-

China. MCX Copper for April expiry was last checked at Rs 404.9

ruary 2014; the trade position reflects exports minus imports.

per kg, down 0.44%, even as the counterparts like Aluminium is

Exports of goods decreased by 1.6% between January and

up by 0.2% to Rs 108.8 per kg. Lead was the strongest among all

February 2014 to £23.5 billion. Imports for the same period

and was marking gains of close to 1% at Rs 125.75 per kg.

decreased by 2.2%to £32.6 billion; roughly three-quarters of this movement is attributed to afall in the import of erratic.

MCX Crude oil futures jumped following the gains in the global prices yesterday. The local futures topped above Rs 6200 per barrel

UK's exports of goods continued to drop in Feb to the lowest

in intraday trades amid frenzied buying as global prices extended

level in more than three years. The Office for National Statis-

their upturn following the escalating Ukraine conflict and bullish

tics said Wednesday that the value of goods exported to the

estimates for the WTI Crude oil from the Energy Information Ad-

rest of the world fell 1.6% in February from the prior month,

ministration. The WTI Crude quotes at $102.63, up 0.07 cents af-

to 23.5 billion pounds, the lowest figure since November

ter briefly hitting highs near $103 per barrel.

2010. A three-month average figure that strips out month-tomonth volatility in exports was also the lowest since January

MCX Gold futures dropped in tune with the global prices as the

2011. February's weakness was driven by poorer sales to

traders eyed weakness in the global prices. The commodity has

other countries in the European Union, the UK's biggest

edged up in the current week following a sharp upturn on Friday.

trade partner.

However, the prices failed to hold on near two-week highs and eased towards $1300 per ounce yesterday.

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EPIC RESEARCH– ANALYST SPEAKS 10th APRIL 2014

SILVER

SILVER MCX Short term trend is DOWN. Immediate support @ 42500. Immediate Resistance @ 42850. Yesterday SILVER MCX Closed @ 42675. Yesterday Intraday Range of SILVER MCX was 980. Open Interest was UP +16.30 %, Volumes were 18801 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY SILVER(MAY) ABOVE 42850 TGTS 43050/43400 SL 42500 SELL SILVER(MAY) BELOW 42500 TGTS 42300/42000 SL 42830 YOUR MINTVISORY

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EPIC RESEARCH– ANALYST SPEAKS 10th APRIL 2014

GOLD

GOLD MCX Short term trend is down. Immediate support @ 28350. Immediate Resistance @ 28600. Today GOLD MCX Closed @ 28417. Yesterday Intraday Range of GOLD MCX was 209. Open Interest was UP+ 5.77 %, Volumes were 18787 lots. For today Keep a close eye on US data, volatility may Rule the overall Market due to USDINR Movements. BUY GOLD(JUN) ABOVE 28600 TGTS 28680/28780 SL 28480 SELL GOLD(JUN) BELOW 28350 TGTS 28270/28170 SL 28470

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EPIC RESEARCH– ANALYST SPEAKS 10th APRIL 2014

DHANIYA

RESISTANCE 1

9787

RESISTANCE 2

9895

PIVOT

9725

SUPPORT 1

9545

SUPPORT 2

9411

Dhaniya daily chart shows bullish trend. from the nearest support level expecting bounce back will come & continue its rally RSI is above mid range signs bullishness. Immediate support @ 9635 & Immediate resistance @ 9710. BUY DHANIYA APR ABOVE 9710 TGTS 9740,9790 SL 9660 SELL DHANIYA APR BELOW 9635 TGTS 9605,9555 SL 9695

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EPIC RESEARCH– ANALYST SPEAKS 10th APRIL 2014

GUARSEED

RESISTANCE 1

4580

RESISTANCE 2

4680

PIVOT

4550

SUPPORT 1

4430

SUPPORT 2

4380

Guarseed April short term trend looking sideways to bearish in daily chart. Expecting from here onwards guarseed may go down Momentum indicators RSI is below mid range, signs bearishness. In intraday basis immediate support @ 4480 & immediate resistance @ 4630. BUY GUARSEED APR ABOVE 4630 TGTS 4660,4710 SL 4580 SELL GUARSEED APR BELOW 4480 TGTS 4450,4400 SL 4530

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TODAY’S ECONOMIC EVENTS 10th APRIL 2014

THURSDAY, APRIL 10 TIME

COUNTRY

EVENT

04:00

NZD

BUSINESS NZ PMI

04:30

USD

FOMC MEMBER TARULLO SPEAKS

04:31

GBP

RICS HOUSE PRICE BALANCE

57%

44%

45%

07:00

AUD

EMPLOYMENT CHANGE

18.1K

5.0K

48.2K

07:00

AUD

FULL EMPLOYMENT CHANGE

-22.1K

07:00

AUD

UNEMPLOYMENT RATE

5.8%

6.0%

6.1%

07:30

CNY

CHINESE EXPORTS (YOY)

-6.6%

4.0%

-18.1%

07:30

CNY

CHINESE IMPORTS (YOY)

-11.3%

2.4%

10.1%

07:30

CNY

CHINESE TRADE BALANCE

7.71B

0.90B

-22.98B

TENTATIVE

CNY

CHINESE NEW LOANS

1,000B

645B

13:30

EUR

ECB MONTHLY REPORT

16:30

GBP

BOE QE TOTAL

375B

375B

16:30

GBP

INTEREST RATE DECISION

0.50%

0.50%

18:00

CAD

NEW HOUSING PRICE INDEX (MOM)

0.2%

0.3%

18:00

USD

IMPORT PRICE INDEX (MOM)

0.2%

0.9%

18:00

USD

INITIAL JOBLESS CLAIMS

320K

326K

23:30

USD

FEDERAL BUDGET BALANCE

-78.0B

-193.5B

YOUR MINTVISORY

ACTUAL FORECAST PREVIOUS 58.4

56.5

80.0K

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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.

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Daily commodity report 10 april 2014 by epic research