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DAILY COMMODITY REPORT 17 Feb 2016

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DAILY MARKET WRAPUP 17 Feb 2016

COMMODITY

CONTRACT

OPEN PRICE

HIGH

LOW

CLOSE PRICE

OPEN INTEREST

GOLD

5-Apr

29195

29485

29182

29416

6991

SILVER

3-Mar

42710

43131

42655

43010

11762

CRUDEOIL

17-feb

3550

3596

3533

3588

6911

NATURAL GAS

23-feb

197.80

197.80

191.40

192.80

10592

COPPER

28-Feb

405.30

407.50

398.10

402.05

12137

NICKEL

28-feb

729.80

740.40

724.60

739.60

15044

LEAD

28-feb

155.90

156.80

152.00

153.35

3035

ZINC

28-feb

193.00

194.20

189.60

192.00

6674

ALUMINIUM

28-feb

127.35

127.45

125.80

127.05

2132

LME WAREHOUSE STOCKS (16-Feb- 2016)

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METAL

TONNES IN STORAGE ( MT )

ALUMINIUM

-3950

COPPER

+900

LEAD

-25

NICKEL

-510

ZINC

-1800 Call us at +91-731-6642300


INTERNATIONAL MARKETS 17 Feb 2016

PRECIOUS AND INDUSTRY METALS COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

COMEX Gold

USD/TZ

1,236.40

+3.30

+0.27%

Apr 2017

Gold Spot

USD/t oz.

1,235.03

+1.33

+0.11%

N/A

COMEX Silver

USD/t oz.

18.00

+0.04

+0.21%

Mar 2017

COMEX Copper

USD/lb.

275.45

+1.40

+0.51%

Mar 2017

Platinum Spot

USD/t oz.

1,012.13

+0.78

+0.08%

N/A

ENERGY COMMODITY FUTURES COMMODITY

UNITS

PRICE

CHANGE

% CHANGE

CONTRACT

Crude Oil (WTI)

USD/bbl.

53.05

-0.06

-0.11%

Mar 2017

Crude Oil (Brent)

USD/bbl.

55.74

-0.01

-0.02%

Mar 2017

RBOB Gasoline

USD/gal.

155.15

+0.36

+0.23%

Feb 2017

NYMEX Natural Gas

USD/MMBTU

2.95

+0.02

+0.68%

Feb 2017

NYMEX Heating Oil

USDGAL.

163.70

+0.65

+0.40%

Feb 2017

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MOST ACTIVE CONTRACTS 17 Feb 2016

Symbol

Expiry Date

LTP

Value (In Lacs)

Volume (In Lots)

COTTON

28-02-2017

20760.00

2,30,85,120.00

1,112

SILVERMICRO

28-02-2017

42774.00

1,05,22,404.00

246

SILVER M

28-02-2017

42775.00

51,75,775.00

121

GOLD M

03-03-2017

29222.00

22,50,094.00

77

SILVER

03-03-2017

42761.00

20,09,767.00

47

GOLD

05-04-2017

29220.00

18,70,080.00

64

CRUDEOIL MINI

17-02-2017

3552.00

7,21,056.00

203

CARDAMOM

15-03-2017

1485.00

5,98,455.00

403

CRUDE OIL

17-02-2017

3551.00

4,36,773.00

123

NICKELMINI

28-02-2017

735.50

1,75,784.50

239

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INTRADAY SUPPORT AND RESISTANCE 17 Feb 2016

COMMODITY

EXPIRY

SUP.2

SUP.1

PIVOT

RES.1

RES.2

GOLD

3-Feb

29058.00

29237.00

29361.00

29540.00

29664.00

SILVER

3-Mar

42456.00

42733.00

42932.00

43209.00

43408.00

CRUDEOIL

19-Dec

3509.33

3548.67

3572.33

3611.67

3635.33

NATURAL GAS

25-Jan

187.60

190.20

194.00

196.60

200.40

COPPER

28-Feb

393.15

397.60

402.55

407.00

411.95

NICKEL

30-Dec

719.07

729.33

734.87

745.13

750.67

LEAD

30-Dec

149.25

151.30

154.05

156.10

158.85

ZINC

30-Dec

187.33

189.67

191.93

194.27

196.53

ALUMINIUM

30-Dec

125.12

126.08

126.77

127.73

128.42

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COMMODITY BUZZ AND ECONOMIC EVENTS 17 Feb 2016

COMMODITY BUZZ 

Crude futures bounced off session lows and settled more than 0.5% higher on Thursday, following reports OPEC could extend its output-cut agreement to non-members amid concerns of a surge in U.S. crude and shale production.Crude prices have come under pressure in recent sessions, as the latest drilling reports from the U.S. Energy Information Administration (EIA), compounded fears that increase drilling activity from U.S. crude will underpinned OPEC and other producers’ efforts to combat the demand and supply imbalance in the industry.It remains to seen whether crude can hold onto recent gains, as U.S. oil inventories have risen sharply in the past few weeks, with crude and U.S. gasoline inventories hitting alltime records last week, the U.S. Energy Department said on Wednesday.

U.S. natural gas futures fell to a three-month low on Thursday, after data showed that natural gas supplies in storage in the U.S. fell less than expected last week.Natural gas for March delivery on the New York Mercantile Exchange slumped 4.4 cents, or around 1.5%, to $2.881 per million British thermal units by 10:35AM ET (15:35GMT), after falling to a session low of $2.873, a level not seen since November 18.Futures were at around $2.915 prior to the release of the supply data.The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. declined by 114 billion cubic feet in the week ended February 10, below market expectations for a drop of 124 billion cubic feet.That compared with a withdrawal of 152 billion cubic feet in the preceding week, 163 billion a year earlier and a five-year average drop of 156 billion cubic feet.

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SPECIAL NEWS 

China and Britain have pledged to promote free trade and cooperate on building a open world economy, fanning efforts to shore up what the two governments have called a "golden era" in their relationship, the Xinhua news agency reported on Friday.China is one of the countries Britain hopes to sign a free trade agreement with once it leaves the European Union, and London and Beijing have been keen to show that Britain's withdrawal from the bloc will not affect ties.The pledges on trade and cooperation were made during a Thursday meeting by Chinese Foreign Minister Wang Yi and his British counterpart Boris Johnson on the sidelines of a meeting of the Group of 20 largest industrialized countries held in Germany's western city of Bonn.

European Commission President Jean-Claude Juncker believes it will take longer than two years to agree on all the arrangements for Britain to leave the European Union, he said on Thursday."I do not think .. we will succeed within 24 months to clear up the arrangements for Britain's exit from the EU and to (forge) the whole relationship between Britain and the European continent," he said in a speech on the sidelines of the international Munich Security Conference.British Prime Minister Theresa May has said she will trigger Article 50 of the EU's Lisbon Treaty in March to launch divorce talks that can last up to two years.Juncker also said at least 20,000 laws had to be changed in Britain before it could leave the bloc and added that Britain has no right to complete bilateral trade deals while still in the EU."Trade deals are the remit of the EU... Britain cannot complete trade deals with half the world - although it is doing the opposite," he said.

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COMMODITY NEWS 17 Feb 2016

COMMODITY HEADLINES

Nickel futures rise 0.34% on uptick in demand

Zinc futures in reverse gear on diminishing demand

White metal shines on global cues

Copper futures in reverse gear

Yellow metal shines on global cues

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EPIC RESEARCH– ANALYST SPEAKS 17 Feb 2016

GOLD

BUY GOLD ABOVE 29485 TGT 29585 29785 SL BELOW 29385 SELL GOLD BELOW 29350 TGT 29250 29050 SL ABOVE 29450

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EPIC RESEARCH– ANALYST SPEAKS 17 Feb 2016

SILVER

BUY SILVER ABOVE 43131 TGT 43330 43750 SL BLEOW 43000 SELL SILVER BELOW 42950 TGT 42750 42250 SL ABOVE 43150

YOUR MINTVISORY

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TODAY’S ECONOMIC EVENTS 17 Feb 2016

FRIDAY,17 FEBUARY 2016

Time

Cur.

Event

03:00

NZD

Business NZ PMI (Jan)

54.5

03:15

NZD

Core Retail Sales (QoQ)

0.3%

03:15

NZD

Retail Sales (QoQ) (Q4)

1.0%

0.9%

15:00

GBP

Core Retail Sales (YoY) (Jan)

3.9%

4.9%

15:00

GBP

Core Retail Sales (MoM) (Jan)

0.7%

-2.0%

15:00

GBP

Retail Sales (MoM) (Jan)

0.9%

-1.9%

15:00

GBP

Retail Sales (YoY) (Jan)

3.4%

4.3%

23:30

USD

U.S. Baker Hughes Oil Rig Count

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Forecast

Previous

591 Call us at +91-731-6642300


DISCLAIMER 17 Feb 2016 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 MCX

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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Epic research daily commodity report 17th feb 2017  

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