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DAILY COMMODITY REPORT 21st APRIL 2014

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DAILY MARKET WRAPUP 21st APRIL 2014 COMMODITY

CONTRACT

OPEN PRICE

HIGH

LOW

CLOSE PRICE

%CHANGE

OI (in lots)

GOLD

05-JUN-14

28550

28617

28460

28505

-0.34

9392

SILVER

05-MAY-14

42336

42570

42166

42377

-0.14

14663

CRUDEOIL

21-APR-14

6252

6318

6246

6287

0.59

7915

NATURALGAS

25-APR-14

274.2

286.5

271.1

285.5

3.94

8406

COPPER

30-APR-14

405.5

407.8

403.75

407.4

0.65

18095

LEAD

30-APR-14

128.35

129.1

127.75

128.8

0.27

2603

NICKEL

30-APR-14

1081.5

1090.5

1071.5

1083.3

0.52

8592

ZINC

30-APR-14

124.2

124.8

123.8

124.25

-0.04

1700

ALUMINIUM

30-APR-14

111.3

112

110.3

111

-0.36

2782

LME WAREHOUSE STOCKS (17-APRIL-2014)

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METAL

TONNES IN STORAGE

ALUMINIUM

-10450

COPPER

-475

LEAD

-225

NICKEL

-1266

TIN

55

ZINC

-3325 Call us at +91-731-6642300


INTERNATIONAL MARKETS 21st APRIL 2014

PRECIOUS AND INDUSTRY METALS COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

COMEX GOLD

USD/T OZ.

1,290.00

-3.90

-0.30%

JUN 14

GOLD SPOT

USD/T OZ.

1,287.35

-6.95

-0.54%

N/A

COMEX SILVER

USD/T OZ.

19.37

-0.23

-1.15%

MAY 14

COMEX COPPER

USD/LB.

302.85

-0.55

-0.18%

JUL 14

PLATINUM SPOT

USD/T OZ.

1,413.00

-1.00

-0.07%

N/A

ENERGY COMMODITY FUTURES COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

CRUDE OIL (WTI)

USD/BBL.

104.02

-0.28

-0.27%

MAY 14

CRUDE OIL (BRENT)

USD/BBL.

109.12

-0.41

-0.37%

JUN 14

RBOB GASOLINE

USD/GAL.

304.81

-0.66

-0.22%

MAY 14

NYMEX NATURAL GAS

USD/MMBTU

4.74

-0.01

-0.13%

MAY 14

NYMEX HEATING OIL

USD/GAL.

300.10

-0.72

-0.24%

MAY 14

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INTRADAY SUPPORT AND RESISTANCE 21st APRIL 2014

COMMODITY

EXPIRY

SUP.2

SUP.1

PIVOT

RES.1

RES.2

ALUMINIUM

30-APR

109.40

110.20

111.10

111.90

112.80

COPPER

30-APR

402.27

404.83

406.32

408.88

410.37

CRUDEOIL

19-MAY

6200

6233

6267

6300

6334

GOLD

5-JUN

28370

28438

28527

28595

28684

LEAD

30-APR

127.20

128.00

128.55

129.35

129.90

NATURALGAS

25-APR

265.63

275.57

281.03

290.97

296.43

NICKEL

30-APR

1062.8

1073.0

1081.8

1092.0

1100.8

SILVER

5-MAY

41967

42172

42371

42576

42775

ZINC

30-APR

123.28

123.77

124.28

124.77

125.28

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MOST ACTIVE CONTRACTS 21st APRIL 2014

Symbol

Expiry Date

LTP

Value (In Lacs)

Volume (In Lots)

NATURAL GAS

25-04-2014

285.20

1,77,55,126.00

62,255

CRUDE OIL

21-04-2014

6287.00

37,42,96,545.00

59,535

SILVERMICRO

30-04-2014

42390.00

2,31,71,22,180.00

54,662

NICKEL

30-04-2014

1084.70

3,51,22,586.00

32,380

SILVER M

30-04-2014

42382.00

1,18,52,55,012.00

27,966

NICKELMINI

30-04-2014

1084.30

2,70,86,898.30

24,981

COPPER

30-04-2014

407.35

90,10,174.65

22,119

COPPERMINI

30-04-2014

407.40

73,26,681.60

17,984

SILVER

05-05-2014

42355.00

71,32,58,200.00

16,840

LEADMINI

30-04-2014

128.75

18,93,140.00

14,704

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TODAY,S COMMODITY NEWS 21st APRIL 2014

COMMODITY HEADLINES Surat diamantaires' co-operative dream lies shattered Unofficial gold imports rose 75% in 2013: Survey Silver down 0.5% on weak global cues Official gold supply dries up further Copper prices may fall below $ 7,000/tonne on oversupply Copper no longer metals' bellwether Lead down 0.2% on global cues, subdued spot demand Zinc down 0.3% on overseas cues Jaggery prices shoot up, in line with those of sugar Sugar exports: Industry restive over delays in subsidy revision Sugar output down 4%, says Isma Oil at 6-week high on Ukraine crisis Oil rises toward $110 as Ukraine tension rises Oil prices mixed after weak Chinese GDP data Iron ore production yet to pick up in Karnataka

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COMMODITY BUZZ AND ECONOMIC EVENTS 21st APRIL 2014 SPECIAL NEWS

The Industrial Production of China is giving strength to the base metals that are linked with the growth. China being the consumer of major metals plays a active role in the demand determination of the markets. The report from National Bureau of Statistics released showed that China's industrial value added expanded by 8.8% in March from an average growth of 8.6% in the Jan-Feb period. The value added of state-owned enterprises saw a 4.6%- growth year on year in March, while that of joint stock companies expanded by 10.1%. Last month, the value added of the manufacturing sector grew by 9.9 , while that of the mining industry grew by 2.9% . Germany's producer prices dropped for an eighth successive month in March and at a faster than expected pace, data from Destatis showed Thursday. The PPI fell 0.9% year-onyear in March, same as in February. Producer prices have declined every month since August last year and the biggest fall in the cycle was in January, when they dropped 1.1%. Gold stayed lower on Thursday due to profit selling amid China demand concerns for the current year. Weekly jobless claims and Philadelphia Fed manufacturing survey for March are major economic events scheduled to released.

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COMMODITY BUZZ Unofficial inflow’ of gold into India was estimated at 178.7 tonnes in 2013, about 75% higher compared to the 104 tonnes in 2012. This follows the several restrictions of official import, such as a 10.3% tariff and a legal compulsion to export 20% of any imported gold. GFMS estimated the total gross gold import in 2013 at 961.7 tonnes, a tenth lower than the previous year. The govt’s curbs were after a rise in gold import to $56 bn in 2012-13; this was held to be putting undue pressure on the current account deficit. MCX Crude oil futures came off their highs following a slight moderation in global prices. The commodity had stayed supported earlier in the session as concerns over clashes between pro-Russia militants and Ukrainian forces continued to feed worries over global oil supplies. The quick recovery in the COMEX Copper seen on Wednesday and which is continuing on Thursday is due to the prices slowing down to the levels of production cost. The metal is produced at $ 2.8 to $ 3 per pound in various mines across the globe. In brief moment last session the prices of COMEX Copper moved below $3 before recover.

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EPIC RESEARCH– ANALYST SPEAKS 21st APRIL 2014

SILVER

Silver price have reversed after taking resistance of 42800 level. But MACD is in a buy mode. We expect prices to correct up to levels of 43800 level soon. BUY SILVER(MAY) ABOVE 42700 TGTS 42950/43300 SL 42400 SELL SILVER(MAY) BELOW 42100 TGTS 41850/41500 SL 42400

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EPIC RESEARCH– ANALYST SPEAKS 21st APRIL 2014

GOLD

MCX Gold have reversed after taking support of 28200 level. RSI and MACD is in buy mode. We expect prices to recover up to levels of 28800. BUY GOLD(MAY) ABOVE 28650 TGTS 28730/28830 SL 28550 SELL GOLD(MAY) BELOW 28400 TGTS 28320/28220 SL 28500

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EPIC RESEARCH– ANALYST SPEAKS 21st APRIL 2014

DHANIYA

RESISTANCE 1

9737

RESISTANCE 2

9664

PIVOT

9590

SUPPORT 1

9521

SUPPORT 2

9451

Dhaniya daily chart shows bullish trend. once again dhaniya fall form upper level and consolidating in range, now price is in support level. We are waiting for the closing of next session trend is bullish. RSI is in mid range. Immediate support @ 9565 & Immediate resistance @ 9620. BUY DHANIYA MAY ABOVE 9620 TGTS 9650,9700 SL 9570 SELL DHANIYA MAY BELOW 9565 TGTS 9535,9485 SL 9605

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EPIC RESEARCH– ANALYST SPEAKS 21st APRIL 2014

GUARSEED

RESISTANCE 1

4917

RESISTANCE 2

4883

PIVOT

4848

SUPPORT 1

4813

SUPPORT 2

4777

Guarseed Apr. short term trend looking sideways to bearish in daily chart, and it’s in it’s resistance zone. Momentum indicators RSI is above mid range, expecting may go up. In intraday basis immediate support is @ 4800 & immediate resistance is @ 4880. BUY GUARSEED MAY ABOVE 4880 TGTS 4910,4960 SL 4830 SELL GUARSEED MAY BELOW 4800 TGTS 4770,4720 SL 4850

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TODAY’S ECONOMIC EVENTS 21st APRIL 2014

MONDAY, APRIL 21 TIME

COUNTRY

EVENT

ALL DAY

HOLIDAY

AUSTRALIA - EASTER

ALL DAY

HOLIDAY

FRANCE - EASTER

ALL DAY

HOLIDAY

GERMANY - EASTER

ALL DAY

HOLIDAY

UNITED KINGDOM - EASTER

ALL DAY

HOLIDAY

ITALY - EASTER

ALL DAY

HOLIDAY

BRAZIL - TIRADENTES DAY

ALL DAY

HOLIDAY

NORWAY - EASTER MONDAY

ALL DAY

HOLIDAY

SWITZERLAND - EASTER MONDAY

ALL DAY

HOLIDAY

SPAIN - EASTER MONDAY

ALL DAY

HOLIDAY

HONG KONG - EASTER MONDAY

ALL DAY

HOLIDAY

NEW ZEALAND - EASTER MONDAY

ALL DAY

HOLIDAY

SOUTH AFRICA - FAMILY DAY

05:20

JPY

EXPORTS (YOY)

6.3%

9.8%

05:20

JPY

TRADE BALANCE

-1,070B

-800B

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ACTUAL FORECAST PREVIOUS

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DISCLAIMER 21st APRIL 2014 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.

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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.

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Daily commodity report 21 april 2014 by epic research  

Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex...

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